Streetbeat News

Earnings

LVMHF

LVMH reported Q2 organic sales growth of 1%, falling short of the estimated 1.95%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

LVMHF

LVMH reported Q2 revenue of EUR20.98 billion, missing the estimated EUR21.41 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

CGNX

Analysts have mixed ratings for Cognex (NASDAQ:CGNX) with a recent increase in the average 12-month price target to $49.78. Key analysts have updated their ratings and price targets, reflecting a generally positive outlook. Cognex's financial performance is strong, with notable revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:02 pm

NFE

New Fortress Energy (NASDAQ:NFE) has received mixed ratings from 4 analysts over the past three months, with a recent trend towards lower price targets. The average 12-month price target has dropped by 11.03% to $32.25. Analysts from Deutsche Bank, Stifel, and Barclays have all lowered their price targets, reflecting cautious sentiment. Despite positive revenue growth, NFE faces challenges with profitability, return on equity, and high debt levels.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

VZ

Verizon Communications Inc. (NYSE:VZ) shares fell over 6% following its Q2 results. Analysts from RBC Capital Markets and KeyBanc Capital Markets provided mixed reviews, with RBC maintaining a Sector Perform rating and KeyBanc maintaining an Overweight rating. Verizon's revenues and EBITDA were in line with expectations, while free cash flow exceeded consensus. The company's retail postpaid net adds declined slightly, but broadband growth remained strong.

Portfolio Pulse from Priya Nigam

July 23, 2024 | 3:55 pm

RL

TPR

Shares of Ralph Lauren (RL) and Tapestry (TPR) are moving lower following LVMH's 1H earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:50 pm

SHW

Sherwin-Williams announced that it does not expect significant market support in the second half of the year. However, the company anticipates gross margin expansion in the second half of 2024, driven by higher sales in its paint stores.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:40 pm

PCAR

PACCAR Inc. (NASDAQ:PCAR) shares are trading lower after the company reported worse-than-expected second-quarter financial results. Quarterly sales and earnings per share missed street expectations. The company is investing heavily in new manufacturing capacities and has formed a joint venture for battery manufacturing.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 3:38 pm

DELL

Financial giants have shown a bearish sentiment towards Dell Technologies (NYSE:DELL) through options trading. Analysis reveals 56% bearish trades with significant put options activity. The stock is currently down by 0.71% at $127.38, with an average analyst target price of $165.0.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:33 pm

WBS

Webster Financial shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:28 pm