[Truman]

Phillips 66 Q2 23 Earnings:

Adj Pretax: $2.37B (exp $2.22B)
Adj EPS: $3.87 (exp $3.51)
$1.0 billion operating cash flow, $2.0 billion ex working capital
Refining margins decreased from $20.72/bbl in Q1 to $15.32 /bbl

$PSX $110.80 -1.31 (-1.17%) Pre-Market

[Truman]

Kraft Heinz Q2 23 Earnings:

Adj EPS: $0.79 (exp $0.76)
Revenue: $6.72B (exp $6.80B)
Organic Revenue: +4% (exp +4.63%)
Reaffirms FY Outlook
Sees FY Organic Revenue +4-6% (exp +4.87%)
Declares Regular Quarterly Dividend Of $0.40/Share

$KHC 35.50 -0.38 (-1.06%) Pre-Market

[Truman]

US Treasury Quarterly #refunding of $103B to raise $19B cash & refund $84 billion maturing securities

Quarterly refunding of $103B to raise $19B of cash and refund $84 billion in maturing securities
Intends to gradually increase coupon sizes in Q3
2-year and 5-year note auctions to increase by $3B per month
10s to increase by $3B
2-year floaters to increase by $2B
20-year auctions to rise by $1B
30-year auctions to rise by $2B

Underscores why Fitch downgraded the US late yesterday. The auction sizes are larger than the market was anticipating and US yields are now at the highs of the day across the curve.

[Truman]

A Fitch director spoke with Reuters and offered some more colour on the downgrade decision:

Fitch held meetings with the US Treasury ahead of the decision warned about decision, not about downgrade
Key areas behind decision were deterioration on fiscal and debt side, along with governance
Governance deterioration gives less confidence in govt’s ability to address fiscal and debt issues
Debt ceiling debate happens every 2 years or so, may happen again in 2025

[CautiousInvestor]

Dow 35,283.08 -347.60 -0.98%
S&P 500 4,513.37 -63.36 -1.38%
Nasdaq 13,973.45 -310.47 -2.17%
VIX 16.14 2.21 15.87%
Gold 1,971.60 -7.20 -0.36%
Oil 79.85 -1.52 -1.87%

• This reply was modified 4 months, 1 week ago by CautiousInvestor.

[CautiousInvestor]

and bonus tracks from greatest Australian groups 🙂

[MoneyNeverSleeps]

Qualcomm down 7% on Mixed Q3, weak Q4 guidance

EPS $1.87 v $1.81 exp
Revenue $8.44B Missed exp $8.51B
Automotive rev +13% y/y to $434M
Outlook
Q4 adj $1.80 to $2/share, revenue $8.1B to $8.9B.
Exp: $1.94 & $8.79B

$QCOM $120.19 -9.08 (-7.02%) after hours

[MoneyNeverSleeps]

Zillow beats by $0.20, GAAP basis, net loss was $35 million

Revenue of $506M (+0.4% Y/Y) beats by $34.08M
Rentals rev +28% Y/Y to $91 million
Residential rev -3% Y/Y to $380 million
Mortgages rev -17% Y/Y to $24 million
Guides Q3 revs below consensus.

$ZG 53.19 +0.16 (+0.30%)

[MoneyNeverSleeps]

Bleach is popular…

Clorox beats by $0.50, beats on revs;
Guides FY24 EPS mostly above consensus, revs in-line.

$CLX 163.74 +11.27 (+7.39%) After hours

[MoneyNeverSleeps]

Loving all the music CI 🙂

[MoneyNeverSleeps]

Robinhood $HOOD $11.59 -0.85 (-6.84%) After Q2 Earnings

Non-GAAP EPS $0.03 v $0.12
Revenue $486M (+52.8% Y/Y) beats by $8.43M
Monthly Active Users fell 1.0M sequentially to 10.8M

2023 Outlook:
Operating expenses for 2023 range of $2.330B to $2.410B, improvement of $45 million

[MoneyNeverSleeps]

People love a good BBQ

Traeger Smokin’ … Up 20% on earnings
Beats by $0.06, beats on revs;
Guides FY23 revs above consensus.

$COOK $4.9500 +0.83 (+20.15%) After hours

[MoneyNeverSleeps]

McKesson beats by $1.40, beats on revs;
Raises FY24 EPS guidance.
$MCK up 2.9%

[MoneyNeverSleeps]

Tonight’s Tech Wrecks:

– DXC Technology misses by $0.19, misses revs;
Guides Q2 EPS & Rev below consensus
guides FY24 EPS & Rev below consensus
$DXC -15.2%

– HubSpot beats by $0.35, beats revs
Guides Q3 EPS & revs above consensus
Guides FY23 EPS & Rev above consensus
$HUBS -8.3%

[MoneyNeverSleeps]

Remember that IPO – After all this time #DoorDash Still Loses money

Q2 GAAP EPS -$0.44 misses by $0.01.
Beats on revs; beats on adjusted EBITDA;
Raises FY23 adjusted EBITDA outlook.

$DASH 89.74 +3.76 (+4.37%) after hours

[Author]

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