Streetbeat News

Earnings

IRDM

Iridium Communications reiterated its FY24 service revenue growth of 4%-6% and OEBITDA of $460M-$470M. The company also updated its longer-term guidance on net leverage, aiming for below 4.0 times OEBITDA through 2026 and below 2.0 times OEBITDA by the end of the decade.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:08 am

SHW

Sherwin-Williams has increased its 2024 adjusted EPS guidance to $11.10-$11.40 from the prior $10.85-$11.35, compared to the $11.37 estimate. The company expects net sales to grow by a low-single digit percentage.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:07 am

MMYT

MakeMyTrip shares are trading higher following better-than-expected Q1 earnings.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:07 am

NWBI

Northwest Bancshares (NASDAQ:NWBI) reported Q2 GAAP EPS of $0.04, beating the $(0.02) estimate but missing the $0.22 consensus estimate by 81.82%. Sales were $106.84M, beating the $104.44M estimate but down 1.57% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:07 am

MCO

Moody's Corp has raised its FY24 adjusted diluted EPS outlook to $11.00-$11.40 from the prior $10.40-$11.00, surpassing the $11.02 estimate. The company also projects revenues to increase in the low-teens percent range, up from the previous high-single-digit to low-double-digit percent range, compared to the $6.63 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:06 am

FBP

First BanCorp (NYSE:FBP) reported Q2 2024 adjusted EPS of $0.46, beating the $0.41 estimate, but sales of $199.628M missed the $201.414M estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:05 am

SASR

Sandy Spring Bancorp (NASDAQ:SASR) reported Q2 2024 adjusted EPS of $0.54, beating the $0.43 estimate, but sales of $80.285M missed the $81.867M estimate. EPS decreased by 10% YoY, and sales decreased by 11.26% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:04 am

MSCI

MSCI shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:03 am

PM

Philip Morris International (PM) has revised its FY24 adjusted EPS outlook upwards to $6.33-$6.45 from the previous $6.19-$6.31, aligning with the $6.33 estimate. The company also provided detailed adjustments and growth forecasts.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:03 am

IRDM

Iridium Communications reported its Q2 2024 financial results, with GAAP EPS of $0.27 beating the estimate of $0.18, but sales of $201.067 million missing the estimate of $201.852 million.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:03 am