Streetbeat News

Earnings

KEN

Kenon Holdings (NYSE:KEN) reported a 9.7% year-over-year increase in Q2 sales, reaching $181 million compared to $165 million last year.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:26 pm

FANH

WDH

Waterdrop Inc. (NYSE:WDH) reported a slight revenue decline in Q2 but a significant profit increase due to cost control. The company reaffirmed its annual growth forecast and announced a special dividend. Challenges include regulatory changes affecting insurance brokers and a decline in revenue from its clinical trial business. Waterdrop's shares rose 5.7% following the announcement.

Portfolio Pulse from The Bamboo Works

September 09, 2024 | 1:25 pm

GMF

TINY

TSM

Taiwan Semiconductor Manufacturing Co (TSM) has achieved production yields at its Arizona plant comparable to its Taiwan facilities, boosting its stock. Despite a recent 9.54% decline, TSM has risen over 75% in the past year. Analysts generally rate it as 'Outperform'.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 1:07 pm

AAPL

CSCO

KNTK

On CNBC's 'Halftime Report Final Trades,' analysts discussed Apple, Cisco, and Kinetik Holdings. Apple is set to unveil its iPhone 16, potentially marking a major upgrade cycle. Cisco received an analyst upgrade, and Kinetik Holdings reported strong earnings.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:02 pm

FTXG

HSY

UTRN

Hershey is seeking to dismiss a lawsuit alleging misleading packaging of Reese's candies. The lawsuit claims issues with the design of certain candies, but Hershey argues the claims are baseless. Hershey's recent earnings report showed a significant drop in EPS and sales. HSY shares are slightly up premarket.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 12:59 pm

ORCL

Oracle Corp (NYSE:ORCL) is expected to report Q1 earnings with $1.32 EPS and $13.23 billion in revenues. Despite weaker earnings last quarter, AI deals with OpenAI and Google have boosted confidence. The stock shows strong bullish momentum, trading above key moving averages, with a consensus analyst rating of 'Buy' and a price target of $145.15.

Portfolio Pulse from Surbhi Jain

September 09, 2024 | 12:53 pm

VIRC

Virco Mfg (NASDAQ:VIRC) reported Q2 earnings per share of $1.04, beating estimates by 4%, but sales of $108.42M missed expectations by 6.46%.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:47 pm

BJRI

DOMO

PAHC

Insider purchases were made in Domo, Phibro Animal Health, and BJ's Restaurants, indicating potential confidence in these companies. Domo's CFO bought 10,000 shares following strong earnings, Phibro's Director acquired 5,000 shares after positive results, and BJ's Interim CEO purchased 2,500 shares amid leadership changes.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 12:43 pm

ALGT

CPA

KRT

Analysts have provided ratings on three high-dividend-yielding industrial stocks: Copa Holdings, Allegiant Travel Company, and Karat Packaging. Copa Holdings received mixed ratings with a recent earnings beat, Allegiant Travel saw downgrades amid executive changes, and Karat Packaging faced downgrades following poor financial results.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 12:43 pm

ORCL

Oracle Corporation is set to release its Q1 FY2025 earnings on September 9, with expectations of $1.33 EPS and $13.24 billion in revenue. Recent analyst ratings show mixed sentiments, with price targets ranging from $125 to $171.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 12:10 pm