Streetbeat News

Earnings

TCBI

Texas Capital Bancshares (NASDAQ: TCBI) reported Q2 earnings of $0.80 per share, missing the analyst estimate of $0.84. Sales were $267.01 million, slightly below the $267.24 million estimate. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:02 am

WNS

WNS (Hldgs) reported Q1 2025 adjusted earnings per share (EPS) of $0.93, beating the analyst estimate of $0.91. Adjusted sales were $312.4 million, also surpassing the estimate of $310.31 million. However, both EPS and sales showed a year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:02 am

MTB

M&T Bank reported Q2 2024 sales of $2.302 billion, surpassing the estimated $2.277 billion.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:41 am

MTB

M&T Bank (NYSE:MTB) reported Q2 2024 adjusted earnings per share (EPS) of $3.79, surpassing the analyst consensus estimate of $3.50 by 8.29%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:38 am

ALK

Alaska Air Group has reduced its FY24 EPS guidance by $0.25 at the midpoint, now expecting earnings between $3.50 and $4.50, compared to the previous estimate of $4.49.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:27 am

TSM

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMC) reported strong Q2 results with revenue and earnings growth above estimates, driven by high demand for AI chips. The company provided an optimistic Q3 guidance and expects 2024 to be a strong growth year. However, the stock faced a decline due to geopolitical concerns.

Portfolio Pulse from Shanthi Rexaline

July 18, 2024 | 8:11 am

ABT

DHI

FIVE

NFLX

SYF

TSM

The Nasdaq Composite experienced its worst session since December 2022, driven by a decline in semiconductor stocks following remarks by Trump and potential restrictions by Biden. Taiwan Semiconductor Manufacturing Company (TSM) fell nearly 8%. Synchrony Financial (SYF) reported strong Q2 results, while Five Below (FIVE) shares dropped 25% due to a CEO transition and declining sales. Investors are awaiting earnings from D.R. Horton (DHI), Abbott Laboratories (ABT), and Netflix (NFLX).

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:27 am

ABT

Abbott Laboratories (NYSE:ABT) is set to release its Q2 financial results on July 18, with analysts expecting earnings of $1.10 per share and revenue of $10.37 billion. Recent analyst ratings include a mix of Buy, Overweight, and Equal-Weight ratings with price targets ranging from $107 to $140.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:05 am

ABT

DHI

NFLX

NVS

TSM

U.S. stock futures are trading higher this morning. Key stocks to watch include D.R. Horton, Novartis, Abbott Laboratories, Taiwan Semiconductor Manufacturing, and Netflix, all of which have significant earnings reports or results that could impact their stock prices.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:05 am

TSM

Taiwan Semiconductor Manufacturing Company (TSM) has provided its Q3 revenue guidance, expecting between $22.4 billion and $23.2 billion, compared to the $22.66 billion estimate. The company also anticipates a gross margin of 53.5%-55.5% and an operating margin of 42.5%-44.5%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:49 am