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NWL

Newell Brands has lowered its FY23 outlook, with adjusted EPS now expected to be $0.80 - $0.90, down from the previous $0.95 - $1.08. Revenue is also expected to be lower, at $8.20 - $8.34B, down from the previous $8.40B - $8.60B. The company's outlook for operating cash flow remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:04 am

RETA

Trading of shares in Reata Pharmaceuticals has been halted pending an announcement of unspecified news.

Portfolio Pulse from Charles Gross

July 28, 2023 | 11:02 am

BCPC

Balchem (NASDAQ:BCPC) reported Q2 adjusted earnings of $1.06 per share, beating the analyst consensus estimate of $0.84 by 26.19%. However, the company's quarterly sales of $231.30 million missed the analyst consensus estimate of $244.87 million by 5.54%. This represents a 2.28% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:01 am

CHD

Church & Dwight has increased its FY23 net sales growth outlook from 6-7% to approximately 8%. The company has also raised its organic sales growth guidance from 3-4% to around 5%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:58 am

PG

Procter & Gamble (P&G) has projected its earnings per share (EPS) for FY24 to be between $6.25 and $6.43, compared to the estimated $6.38.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 10:57 am

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INTC

QQQ

ROKU

SPY

US stock futures indicate a rebound due to support from tech earnings. Intel Corp. and Roku, Inc. are among the stocks that are getting a lift from their earnings reports. The US economy may prove more resilient in the second half of 2023 than many forecasters had expected, according to Morgan Stanley's Ellen Zenter. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36% and the Invesco QQQ ETF gained 0.76%. Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 10:55 am

BAH

Booz Allen Hamilton has reiterated its FY24 adjusted EPS guidance of $4.80-$4.95, which is in line with the consensus of $4.95. The company also expects sales growth of 7.0%–11.0%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:53 am

SNBR

Sleep Number Corp (NASDAQ:SNBR) shares dropped by around 29% after reporting mixed Q2 FY23 results. The company reported Q2 net sales of $459 million, missing the consensus of $471.4 million, and a 16% YoY decline in net sales. However, EPS of $0.03 was better than the consensus of $(0.01). The company revised its EPS outlook to $1.25-$1.75 from $1.25-$2.00. SNBR also announced the appointment of Francis Lee as EVP and CFO, effective August 14, 2023.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 10:53 am

ENPH

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SEDG

SG

SNBR

SNY

URGN

Several big stocks recorded losses in Friday's pre-market trading session. Sleep Number Corporation shares tumbled 28.8% after mixed Q2 results. Enphase Energy shares dipped 13.7% after downbeat Q2 sales and weak sales guidance. Sweetgreen shares declined 11% after worse-than-expected Q2 results. UroGen Pharma shares fell 8.7% despite positive topline data from its Phase 3 trials. SolarEdge Technologies shares declined 5.3% after a supplier agreement with Infineon. Sanofi shares fell 3.1% after Q2 results and raised earnings forecast. Ford shares slipped 1.8% despite upbeat Q2 earnings and raised FY23 EBIT guidance.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 10:50 am

GTLS

Chart Industries has reiterated its FY23 sales outlook of $3.66B-$3.80B, in line with the consensus of $3.66B. The company also expects adjusted EBITDA of $780M-$810M and adjusted EPS of $5.70-$6.70, slightly higher than the previous range of $5.50-$6.70 and the consensus of $5.93. The company's 2023 outlook for adjusted free cash flow remains unchanged at $300M-$350M, and cash available for debt paydown is expected to be $655M-$705M.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:47 am