Streetbeat News

Earnings

HCA

HCA Healthcare reported Q2 2024 adjusted EPS of $5.50, beating the $4.88 estimate, and sales of $17.492 billion, surpassing the $17.046 billion estimate. This represents a 10.28% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:31 am

KNSA

Kiniksa Pharmaceuticals reported its Q2 2024 financial results with a GAAP EPS of $(0.06), which was in line with expectations. The company achieved sales of $108.631 million, surpassing the estimated $92.313 million.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:31 am

LMT

Lockheed Martin (NYSE:LMT) reported Q2 2024 adjusted EPS of $6.85, beating the $6.46 estimate. Sales were $18.10 billion, surpassing the $17.04 billion estimate and marking an 8.43% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:30 am

SPOT

Spotify Technology SA (NYSE:SPOT) reported a 20% year-on-year revenue growth for Q2 2024, reaching $4.099 billion, though it missed the analyst consensus estimate of $4.170 billion. EPS of $1.43 beat the estimate of $1.15. Premium revenue grew 21% year-over-year, driven by subscriber additions and ARPU increases. Total MAUs rose 14% to 626 million, with Premium subscribers at 246 million. Gross margin improved to 29.2%, and the company held 5.4 billion euros in cash. Spotify expects Q3 revenue of $4.31 billion, below the consensus of $4.37 billion. SPOT shares traded higher by 13.10% premarket.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 11:24 am

CMCSA

Comcast shares are trading higher following Q2 earnings.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:12 am

SHW

Sherwin-Williams shares are trading higher after the company raised its 2024 guidance.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:11 am

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