Streetbeat News

Stock Prices

BC

Brunswick Corporation (BC) anticipates its Q3 net sales to be flat or slightly down year-over-year. The company also expects its adjusted EPS to be between $2.35 and $2.45, which is below the consensus estimate of $2.74.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:29 am

BUD

DIS

Walt Disney Co. (NYSE:DIS) is continuing its legal battle with Florida Governor Ron DeSantis, arguing against his motion to dismiss the lawsuit brought by Disney over the state's retaliatory tactics. The feud began over Disney's opposition to Florida's 'Don't Say Gay' law. The governor retaliated by removing some of Disney's autonomy in the district its Florida theme park is located. The Florida governor has also criticized Anheuser-Busch InBev SA (NYSE:BUD) for not protecting its shareholders’ interest.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 10:28 am

CNP

CenterPoint Energy (NYSE:CNP) reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $0.27 by 3.7%. However, this is a 9.68% decrease from the same period last year. The company also reported quarterly sales of $1.88 billion, beating the estimate of $1.85 billion by 1.35%, but this is a 3.55% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:27 am

EEMA

EWU

EZU

FLAX

SPY

On July 26, the Federal Reserve increased interest rates by 25 basis points, leading to mixed results in the U.S. markets. The Dow Jones Industrial Average closed higher, while the S&P 500 and the Nasdaq Composite closed lower. Asian and European markets showed mixed results as well. The U.S. Dollar Index was down 0.22% to 100.67.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 10:26 am

LIN

Linde (NYSE:LIN) reported Q2 earnings of $3.57 per share, beating the analyst consensus estimate of $3.47 by 2.88%. This is a 15.16% increase from the same period last year. However, the company's quarterly sales of $8.20 billion missed the analyst consensus estimate of $8.68 billion by 5.53%, a 3.04% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 10:22 am

STM

STMicroelectronics N.V. reported mixed second-quarter results but provided an upbeat guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:21 am

BC

Brunswick Corporation has reduced its FY23 net sales outlook from $6.8B-$7.2B to $6.7B-$6.8B, which is below the consensus estimate of $6.86B. The company also expects an adjusted EPS of $9.50, lower than the consensus estimate of $9.84.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:21 am

CVE

Cenovus Energy reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.31 by 6.45%. However, the company's quarterly sales of $9.11 billion missed the analyst consensus estimate of $9.76 billion by 6.71%. This represents a 64.52% decrease in earnings and a 39.37% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:20 am

AVNT

Avient Corporation (AVNT) has reiterated its FY23 EPS outlook of $2.40, which is slightly below the estimate of $2.41. The company also expects lower sales of $3.3 billion, compared to the estimated $3.39 billion. Avient believes it can offset any further weakening in demand conditions with strength in composites, improving margins, and cost reductions.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:19 am

OSTK

Overstock.Com, Inc reported positive second-quarter results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:19 am