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BAX

Baxter Intl (NYSE:BAX) reported Q2 earnings of $0.66 per share, beating the analyst consensus estimate of $0.60 by 10%. However, this is a 24.14% decrease from the same period last year. The company's quarterly sales of $3.71 billion missed the analyst consensus estimate of $3.79 billion by 2.19%, but it's a 3.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:32 am

LECO

Lincoln Electric Holdings (NASDAQ:LECO) reported Q2 earnings of $2.44 per share, beating the analyst consensus estimate of $2.32 by 5.17%. This is an 11.93% increase from the same period last year. However, the company's quarterly sales of $1.06 billion missed the analyst consensus estimate of $1.10 billion by 3.55%, but still showed a 9.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:31 am

ASAN

FRD

RILY

Insiders at B. Riley Financial, Friedman Industries, and Asana have recently made notable purchases of their companies' stocks. B. Riley Financial's Chairman and Co-CEO acquired shares worth around $4 million, while a director at Friedman Industries bought shares worth around $81,600. Asana's President, CEO, and Chair bought shares worth around $3.55 million.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 11:21 am

SPGI

S&P Global has reiterated its 2023 consolidated guidance for revenue growth, operating margin, EPS, and free cash flow. The company has not provided any changes or updates to its previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:20 am

AEP

American Electric Power has reaffirmed its FY23 adjusted EPS guidance of $5.19-$5.39, which is in line with the estimated $5.27. The company also expects a long-term growth rate of 6%-7%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:18 am

META

Shares of Meta Platforms, Inc. (NASDAQ:META) surged in premarket trading following the release of its Q2 results, which exceeded expectations. The company's revenue rose 11% to $32 billion, surpassing the $28.13 billion consensus estimate. The EPS of $2.98 also beat the $2.63 Street estimate. The company guided to Q3 revenue of $32 billion - $34.5 billion, higher than the consensus estimate of $28.29 billion. Several analysts have raised the price target for the stock.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 11:18 am

VLY

Valley National (NASDAQ:VLY) reported Q2 adjusted earnings of $0.28 per share, missing the analyst consensus estimate of $0.29 by 3.45%. This is a 12.5% decrease from the same period last year. The company also reported quarterly sales of $479.84 million, missing the analyst consensus estimate of $493.67 million by 2.80%. However, this is a 0.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:15 am

NEOG

Neogen Corporation has projected its FY24 revenue to be between $955M and $985M, surpassing the consensus estimate of $946.6M. The company also forecasts its adjusted EBITDA to be in the range of $235M-$255M.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:14 am

GNS

Genius Group received a warning letter from the NYSE regarding its disclosure practices related to events in March 2023. The NYSE also raised concerns about a statement made by the company's CEO on social media on June 28.

Portfolio Pulse from Charles Gross

July 27, 2023 | 11:13 am

OIS

Oil States International (NYSE:OIS) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.06 by 83.33%. The company also reported quarterly sales of $183.53 million, missing the analyst consensus estimate of $201.87 million by 9.09%. However, this represents a 112.5% increase in earnings and a 0.93% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:10 am