Streetbeat News

Earnings

RBBN

Ribbon Communications (NASDAQ:RBBN) reported Q2 earnings per share of $0.05, meeting analyst expectations. However, the company missed revenue estimates, reporting $192.62 million against the expected $204.97 million, marking an 8.55% decline from the previous year.

Portfolio Pulse from totan@benzinga.com

July 24, 2024 | 8:04 pm

SEIC

SEI Investments (NASDAQ: SEIC) reported Q2 2024 earnings per share (EPS) of $1.05, beating the analyst estimate of $1.04. However, the company's sales of $518.986 million missed the estimate of $523.801 million. EPS increased by 17.98% year-over-year, while sales grew by 6.12%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:03 pm

HNVR

Hanover Bancorp reported an adjusted EPS of $0.11 for Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:03 pm

CHDN

Churchill Downs (NASDAQ:CHDN) reported Q2 2024 earnings per share (EPS) of $2.79, surpassing the analyst consensus estimate of $2.69 by 3.72%. The company also reported quarterly sales of $890.7 million, beating the estimate of $856.466 million by 4%. This represents a 15.90% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:02 pm

GOOG

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading lower amid overall tech weakness following Alphabet Inc’s (NASDAQ:GOOG) quarterly earnings results. Alphabet reported strong Q2 revenue and earnings but saw its shares move lower. Palantir, which has seen significant gains this year, is experiencing a sell-off despite recent highs and positive analyst sentiment.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 7:50 pm

CVS

Financial giants have shown a bullish interest in CVS Health (NYSE:CVS) through options trading, with 10 unusual trades identified. The trades include 3 puts valued at $374,736 and 7 calls valued at $388,184. Analysts have a consensus target price of $58.0, and the stock is currently trading at $58.46. Cantor Fitzgerald has downgraded its rating to Neutral with a price target of $58.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 7:46 pm

UPS

Analysts have downgraded their outlook on United Parcel Service (UPS) after the company missed revenue estimates and lowered its revenue guidance for the year. UPS reported a 1.1% decline in second-quarter revenue and a significant drop in adjusted EPS. Analysts from BMO Capital Markets, Stifel, and Oppenheimer have all reduced their price targets and EPS estimates for UPS, citing muted demand, inflationary pressures, and other economic challenges.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 7:36 pm

LMT

Lockheed Martin Corporation (NYSE:LMT) shares rose after the company reported strong Q2 2024 earnings, surpassing expectations. Multiple analysts raised their price targets, contributing to the stock's positive movement.

Portfolio Pulse from Vaishali Prayag

July 24, 2024 | 7:27 pm

PII

Polaris shares are trading lower after multiple firms lowered their price targets on the stock. The decline follows the company's worse-than-expected Q2 financial results and a cut in its guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:19 pm

VIGL

Vigil Neuroscience Inc. (NASDAQ:VIGL) released interim data from its Phase 1 clinical trial of VG-3927, a novel small molecule TREM2 agonist for treating Alzheimer's disease. The data showed positive safety, tolerability, and pharmacokinetic profiles, supporting further development. The stock rose 6.52% following the news.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 7:12 pm