Streetbeat News

Earnings

FLUT

Flutter Entertainment is acquiring Snaitech for €2.3 billion to strengthen its position in Italy's online betting market. The acquisition is expected to close by Q2 2025 and be immediately accretive to earnings. Flutter aims for a 30% market share in Italy post-acquisition.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 12:27 pm

NUE

Nucor anticipates its Q3 adjusted EPS to be between $1.30 and $1.40, attributing the decrease in earnings primarily to lower average selling prices in its Steel Mills segment.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:06 pm

FDX

FedEx Corporation (NYSE:FDX) is set to release its Q1 earnings, with analysts expecting an EPS of $4.83 and revenue of $21.99 billion. The company is also facing a lawsuit from the EEOC for alleged discrimination. FedEx offers a 1.89% annual dividend yield, translating to $1.38 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $318,089 is needed.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 12:04 pm

WBUY

Webuy Global reported a revenue increase of 15.4% year-over-year to $28.2 million for the six months ending June 30. The company's gross profit surged by 253% to $2.6 million.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:02 pm

ABBV

BJ

SMH

TDG

On CNBC's 'Final Trades,' experts recommended TransDigm, BJ's Wholesale, VanEck Semiconductor ETF, and AbbVie. TransDigm and BJ's reported strong financial results, while AbbVie received Health Canada approval for a new treatment. VanEck Semiconductor ETF was suggested as a buy due to a recent sector decline.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 11:55 am

NCPL

Netcapital shares are experiencing a decline in trading following the release of their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:54 am

RRX

Regal Rexnord has announced its financial targets for the period from 2024 to 2027. The company aims for an organic net sales growth at a compound annual growth rate (CAGR) of 2% to 5% and an adjusted earnings per share (EPS) growth at a low double-digit CAGR.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:20 am

RRX

Regal Rexnord has indicated that it expects its FY24 sales and adjusted EPS to be in the lower half of its previously announced guidance range, suggesting potential challenges in meeting higher expectations.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:19 am

MMSI

Merit Medical expects its acquisition of Cook Medical to be modestly dilutive to its full-year 2024 non-GAAP profitability due to the partial-year contribution. The company has updated its 2024 financial guidance to reflect this acquisition and will discuss it further in their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:09 am

AAPL

INTC

MSFT

QQQ

SPY

VSAT

U.S. stocks are set for a positive start as traders anticipate the August retail sales report and a potential Fed rate cut. Tech stocks, including Intel and Microsoft, are gaining attention. Analysts expect a 25 basis-point rate cut, with labor and growth data being crucial for future market movements.

Portfolio Pulse from Shanthi Rexaline

September 17, 2024 | 11:02 am