Streetbeat News

Earnings

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q2 earnings report, with analysts expecting an increase in earnings per share and revenue compared to the previous year. The company has also decided to abandon its plan to eliminate cookies in its Chrome browser. Alphabet's current dividend yield is 0.44%, and investors would need to own a significant number of shares to generate substantial monthly dividend income.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 12:27 pm

GM

General Motors (NYSE: GM) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. Despite challenges in EV adoption and the Chinese market, GM raised its annual outlook. The company is pausing production of its Cruise Origin autonomous vehicle and expects higher commodity costs in the second half of the year.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 12:25 pm

KO

Coca-Cola (NYSE:KO) reported better-than-expected Q2 FY24 earnings, with a 3% YoY sales growth to $12.4 billion, beating the $11.753 billion consensus estimate. The company raised its FY24 revenue and EPS growth outlooks, leading to a 1.65% premarket share price increase.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 12:23 pm

KNSA

Kiniksa Pharmaceuticals shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 net product revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:13 pm

DHR

TMO

Thermo Fisher shares are trading higher in possible sympathy with Danaher, which reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:13 pm

KMB

Kimberly-Clark shares are trading lower following mixed Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:11 pm

TSLA

Tesla shares rose in premarket trading ahead of its Q2 earnings report. Analysts have increased their estimates following better-than-expected delivery numbers. The key metric to watch is the auto gross margin, excluding regulatory credits. The earnings call will provide insights into Tesla's future direction, including robotaxis and full self-driving technology.

Portfolio Pulse from Shanthi Rexaline

July 23, 2024 | 12:08 pm

FELE

Franklin Electric maintains its FY24 revenue outlook at $2.10B-$2.17B but cuts its EPS outlook to $4.16-$4.34, reflecting first half performance and expectations for continued solid execution.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:07 pm

GMM

Global Mofy Metaverse (NASDAQ:GMM) reported a significant increase in its H1 earnings per share (EPS) to $0.37, up from $0.02 year-over-year (YoY). Sales also rose to $19.90 million, a 55.47% increase from $12.80 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:07 pm

FCX

Freeport-McMoRan (NYSE:FCX) reported Q2 2024 adjusted EPS of $0.42, beating the estimate of $0.38. Sales were $6.62 billion, surpassing the $5.99 billion estimate and showing a 15.46% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:05 pm