GigaMedia Q2 Net Loss Sharply Narrows

GigaMedia Ltd. (GIGM), a digital entertainment services provider, reported Monday that net loss attributable to GigaMedia for the second quarter halved to $562 million or $0.05 per share from $1.13 billion or $0.10 per share in the prior-year quarter.

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Biogen To Buy Reata Pharma In Around $7.3 Bln Deal; Stocks Move In Premarket

Biotechnology company Biogen Inc. (BIIB) Friday announced its agreement to acquire Reata Pharmaceuticals, Inc. (RETA) for $172.50 per share in cash, reflecting an enterprise value of around $7.3 billion.

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W. P. Carey Q2 AFFO Rises; Narrows 2023 AFFO Guidance Range

W. P. Carey Inc. (WPC) reported second quarter FFO attributable to W. P. Carey of $288.36 million compared to $220.03 million, last year. AFFO to W. P. Carey increased to $293.31 million from $254.37 million. AFFO per share was $1.36, up 3.8% from $1.31.

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Centene Raises 2023 Guidance

Centene Corp. (CNC) increased full year 2023 adjusted EPS guidance by $0.05 to at least $6.45. GAAP EPS is projected to be at least $5.60. The company also increased its 2023 premium and services revenues guidance range by $1.8 billion to reflect an additional $1.0 billion of Medicaid and Commercial premiums as well as $800 million for Medicaid state-directed payments. Premium and service revenues are now expected in the range of $137.0 billion to $139.0 billion. Total revenues are anticipated to be in a range of $147.3 billion to $149.3 billion.

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Sanofi Q2 Profit Rises, Sales Up 3.3% At CER; Raises 2023 Business EPS Guidance

Sanofi (SNYNF, SNY) reported that its second quarter net income attributable to equity holders increased to 1.43 billion euros from 1.17 billion euros, last year. IFRS earnings per share was 1.15 euros compared to 0.94. Second-quarter business net income increased 0.3% to 2.18 billion euros, and increased 8.0% at CER. Business earnings per share was 1.74 euros, up 0.6% on a reported basis, or up 8.1% at CER.

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Johnson & Johnson Raises Guidance For 2023 Adj. Operational EPS, Adj. Operational Sales

Johnson & Johnson (JNJ) reported second-quarter adjusted EPS of $2.80, up 8.1% from a year ago. Adjusted operational sales were up 6.2% from a year ago. Operational growth excluding COVID-19 Vaccine was 8.9%, for the quarter.

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M/I Homes Q2 Profit Rises 12%, Revenue Up 16%

M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the second quarter increased to $103.07 million or $3.64 per share from $91.84 million or $3.16 per share in the prior-year quarter.

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Teledyne Technologies Reiterates FY23 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Wednesday, Teledyne Technologies Inc. (TDY) reiterated its adjusted earnings guidance for fiscal 2023 in the range of $19.00 to $19.20 per share.

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Quest Diagnostics Boosts FY23 Adj. EPS, Revenue Outlook - Update

While reporting financial results for the second quarter on Wednesday, Quest Diagnostics Inc. (DGX) raised its adjusted earnings and revenue guidance for the full-year 2023.

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Central Pacific Financial Q2 Profit Declines, But Meets Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the second quarter declined to $14.48 million or $0.53 per share from $17.59 million or $0.64 per share in the prior-year quarter.

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Hilton Worldwide Raises Full Year Outlook

Hilton Worldwide Holdings Inc. (HLT) said, for fiscal 2023, the company expects EPS to be between $5.18 and $5.31. EPS, adjusted for special items, is projected to be between $5.93 and $6.06. Capital return is projected to be between $2.4 billion and $2.6 billion.

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Biogen Q2 Results Top Estimates; Backs FY23 Outlook

Biotechnology company Biogen, Inc. (BIIB) reported Tuesday that net income attributable to the company for the second quarter plunged to $591.6 million or $4.07 per share from $1.06 billion or $7.24 per share in the prior-year quarter.

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General Motors Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Tuesday, automaker General Motors Co. (GM) raised its full-year 2023 guidance for net income attributable to stockholders to a range of $9.3 billion to $10.7 billion from the prior forecast range of $8.4 billion to $9.9 billion.

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Alaska Air Expects FY23 Revenue To Rise 8% To 10%

Alaska Air Group (ALK) said the company expects fiscal 2023 total revenue growth in a range of 8% to 10%. Capacity measured in ASMs are projected to rise 11% to 13%. The company expects earnings per share in a range of $5.50 to $7.50. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.60. Analysts' estimates typically exclude special items.

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Philips Q2 Adj. Profit Rises, Comps. Up 9%; Raises 2023 Outlook

Philips reported second quarter income from continuing operations of 74 million euros compared to a loss of 24 million euros, prior year. Profit per share from continuing operations was 0.08 euros compared to a loss of 0.03 euros. Adjusted EBITA increased to 453 million euros from 216 million euros, mainly driven by increased sales, royalty income and productivity measures, partly offset by cost inflation. Profit per share from continuing operations was 0.28 euros compared to 0.14 euros.

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Interpublic Group Q2 Profit Increases

Interpublic Group of Companies, Inc. (IPG) Friday announced an increase in second quarter earnings $265.5 million from $229.6 million in the previous month. On a per share basis, earnings were $0.68, up from $0.58 per share last year.

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Sensient Technologies Q2 Results Miss Estimates; Slashes FY23 Adj. EPS Outlook

Sensient Technologies Corp. (SXT) reported Friday that net income for the second quarter decreased to $34.03 million or $0.81 per share from $38.65 million or $0.92 per share in the prior-year quarter.

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Blackstone Turns To Profit In Q2, Adj. EPS Meets View, Revenues Miss; Stock Down In Premarket

Blackstone Inc. (BX), an alternative asset manager, reported Thursday that its second-quarter net income attributable to the company was $601 million, compared to last year's loss of $29.39 million.

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Travelers Companies Q2 Core Profit Declines; Net Written Premiums Up 14%

The Travelers Companies, Inc. (TRV) reported second quarter core income of $15 million, or $0.06 per share, compared to $625 million, or $2.57 per share, a year ago. Core income decreased primarily due to higher catastrophe losses. Catastrophe losses resulted from numerous severe wind and hail storms in multiple states, the company noted.

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Infosys Q1 Profit Rises, But Misses Estimates; Cuts FY24 Revenue View; Stock Down In Premarket

Indian tech firm Infosys Ltd (INFY) reported Thursday that its first-quarter net profit after minority interest grew 5.1 percent to $724 million from last year's $689 million.

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ABB Stock Up On Surge In Q2 Profit, Positive Outlook

Shares of ABB Ltd. were gaining around 3 percent in the morning trading in Switzerland after the Swiss engineering company reported Thursday significantly higher profit in its second quarter on strong revenue growth. Orders, meanwhile, declined from last year. Looking ahead, the company said it sees growth in its third quarter, and maintained revenue forecast for fiscal 2023.

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Brunswick Sees Q2 Results Below Market, Cuts FY23 View; Stock Down In Premarket

Brunswick Corp. (BC) announced Wednesday preliminary results for the second quarter, anticipating earnings per share below initial expectations, as well as below market estimates. The company also cut its fiscal 2023 earnings view.

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U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the second quarter declined to $1.36 billion or $0.84 per share from $1.53 billion or $0.99 per share in the prior-year quarter.

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Volvo Group Q2 Results Climb, Orders Down; Stock Dips

Shares of Volvo Group were losing around 3 percent in the morning trading in Sweden after the commercial vehicle manufacturer reported Wednesday lower orders in its second quarter amid weakening demand, even as profit and net sales increased from last year. Further, the company raised its forecast for annual industry-wide heavy truck sales in Europe and North America.

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Lockheed Martin Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Tuesday, security and aerospace company Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2023.

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Bank Of America Q2 Profit Increases, Tops Estimates

Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the second quarter grew to $7.10 billion from last year's $5.93 billion, with earnings per share increasing to $0.88 from $0.73 in the prior year.

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Novartis Lifts FY23 View As Q2 Results Top Market, Initiates $15 Bln Buyback; Stock Up

Shares of Novartis AG were gaining around 4 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the drug major raised its fiscal 2023 outlook on Tuesday after reporting higher second-quarter results. Core earnings and top line beat market estimates. Further, the company announced up to $15 billion share buyback to be completed by year-end 2025.

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Acumen Shares More Than Double In Pre-market After Positive Trial Results From ACU193

Shares of Acumen Pharmaceuticals, Inc. (ABOS) surged over 100 percent in the early morning trade on Monday after the firm declared positive top line results from the Phase 1 INTERCEPT-AD trial of ACU193, the first clinical-stage amyloid beta oligomer or AßO targeting antibody therapy in early Alzheimer's disease.

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Citigroup Q2 Profit Tops Estimates, Revenues Down 1%; Issues Guidance, To Increase Dividend

Citigroup (C) reported second-quarter net income of $2.92 billion, a decline of 36% from a year ago. Earnings per share was $1.33 compared to $2.19. Excluding divestiture-related impacts, earnings per share was $1.37 compared to $2.17. The company said the decline was primarily driven by higher expenses, higher cost of credit and lower revenues.

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JPMorgan Q2 Net Profit Surges 67%; Results Top Estimates

US investment bank JPMorgan Chase & Co. (JPM) reported Thursday a net profit for the second quarter that surged 67 percent from last year, boosted by continued growth across all its lines of business. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.

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JPMorgan Chase Q2 Results Climb, Top Estimates; Stock Up In Premarket

JPMorgan Chase (JPM) reported Friday that its second-quarter net income climbed 67 percent to $14.47 billion from last year's $8.65 billion. Earnings per share grew 72 percent to $4.75 from $2.76 a year ago.

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PepsiCo Q2 Profit Tops Estimates, Organic Revenue Growth At 13.0%; Increases FY23 Guidance

PepsiCo, Inc. (PEP) reported an increase in profit for the second quarter that also topped Wall Street estimates. Looking forward, the company increased its full-year organic revenue and core constant currency EPS guidance.

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Progressive Corp. Swings To Profit In Q2

Progressive Corp. (PGR) reported Thursday net income attributable to the company for the second quarter of $345.4 million or $0.57 per share, compared to a net loss of $542.9 million or $0.94 in the prior-year quarter.

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Conagra Brands Guides FY24 Adj. EPS Below Estimates; Boosts Dividend - Update

While reporting financial results for the fourth quarter on Wednesday, branded food company Conagra Brands, Inc. (CAG) initiated its adjusted earnings and organic net sales growth guidance for the full-year 2024.

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PepsiCo Q2 Profit Tops Estimates, Organic Revenue Growth At 13.0%; Increases FY23 Guidance

PepsiCo, Inc. (PEP) reported an increase in profit for the second quarter that also topped Wall Street estimates. Looking forward, the company increased its full-year organic revenue and core constant currency EPS guidance.

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AngioDynamics Slips In Pre-market After Wider Q4 Loss, Annual Outlook Below View

Shares of AngioDynamics, Inc. (ANGO) were trading down nearly six percent on Wednesday morning after the company announced a wider loss for the fourth-quarter and full year 2024 outlook below analysts' view.

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Helen Of Troy Q1 Results Down But Beats Estimates; Backs FY24 Outlook; Stock Up In Premarket

Helen of Troy Ltd. (HELE), a consumer products company, reported Monday weak profit and net sales in its first quarter. Meanwhile, adjusted earnings per share and revenues topped market estimates.

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Nanobiotix In License Deal With Johnson & Johnson Unit; Stock Climbs In Pre Market

Nanobiotix (NBTX), a French clinical-stage biotechnology company focused on cancer, announced Monday a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica NV, affiliated to Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ). The deal is for the investigational, potential first-in-class radioenhancer NBTXR3.

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Gerresheimer H1 Adj. EBITDA Up 23.0% Organically Revenues Up 16.6%; Confirms Guidance

Gerresheimer (GRRMF.PK) reported that its first half net income to shareholders increased to 46.5 million euros from 35.9 million euros, prior year. Earnings per share was 1.45 euros compared to 1.14 euros. Adjusted EBITDA, currency adjusted, was 188.1 million euros, up 23.0% organically. Adjusted earnings per share was 2.02 euros compared to 1.97 euros. Revenues grew organically by 16.6% to 957.4 million euros.

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Park Aerospace Q1 Net Profit Edges Down

Park Aerospace Corp. (PKE) reported on Thursday that net earnings for the first quarter was $1.85 million or $0.09 per share, compared to $1.91 million or $0.09 per share in the prior-year quarter.

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TETRA Shares Climb In Pre-market On Increased Q2 Expectations

Shares of TETRA Technologies, Inc. (TTI) were trading up on Wednesday morning after the company revised up its second quarter expectations above the previously provided guidance range. This up-gradation reflects strong performance by TTI's industrial calcium chloride business, offshore completion fluids activity, and improved Water and Flowback Services margins.

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Labcorp Up In Pre-market As Fortrea Set To Begin Trading On Nasdaq

Shares of Laboratory Corporation of America Holdings (LH) were trading up on Monday morning after the it announced the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, patient access, and solutions to pharmaceutical companies.

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