Streetbeat News

Earnings

FLO

Flowers Foods has maintained its financial outlook for FY24, projecting sales between $5.091 billion and $5.172 billion, and adjusted EPS between $1.20 and $1.30. These estimates are in line with market expectations.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:19 am

FLO

Flowers Foods (NYSE:FLO) reported Q2 2024 adjusted EPS of $0.36, beating the analyst estimate of $0.33. However, sales of $1.225 billion missed the $1.24 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:16 am

CINT

CI&T reported Q2 adjusted EPS of $0.09, beating the estimate of $0.06.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:09 am

KNDI

Kandi Technologies Group reported Q2 earnings per share (EPS) of $0.02, down from $0.06 year-over-year (YoY). However, sales increased to $39.15 million from $35.95 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:02 am

GLD

QQQ

SPY

USO

U.S. stock markets closed higher on Thursday, led by the Nasdaq, after strong July retail sales data. Nine of the 11 major S&P 500 sectors advanced. Asian markets also saw gains, with Japan's Nikkei 225 up 3.88%. European markets opened mixed, and crude oil prices fell by 2%. Gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 16, 2024 | 10:59 am

ZCAR

Zoomcar Holdings reported Q3 revenues of $2.24 million, which is lower than the $2.61 million reported year-over-year. However, the total number of bookings increased by 9%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 10:56 am

CING

GTEC

SEEL

SHIM

Shares of Greenland Technologies Holding Corporation (NASDAQ:GTEC) surged 40.2% in pre-market trading after reporting better-than-expected Q2 EPS results. Other notable pre-market movers include Cingulate Inc. (NASDAQ:CING) up 81.3%, Seelos Therapeutics, Inc. (NASDAQ:SEEL) up 48.4%, and Shimmick Corporation (NASDAQ:SHIM) down 25.9%.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 10:55 am

CINT

CI&T expects Q3 net revenue to be at least R$591M, representing an 11.7% year-over-year growth. For the full year of 2024, the company has increased its guidance, expecting net revenue growth at constant currency to be between -0.5% and +2.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 10:50 am

CINT

CI&T (NYSE:CINT) reported Q2 2024 earnings of $0.07 per share, missing the analyst estimate of $0.21 by 69.05%. The company also reported sales of $108.60 million, which missed the estimate of $543.74 million by 80.03% and represents a 5.99% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 10:47 am

STLA

Stellantis N.V. (NYSE:STLA) is facing a lawsuit from shareholders in the U.S. for allegedly inflating its stock price by hiding rising inventories and other weaknesses. The lawsuit claims that the company made overly positive statements about its performance, leading to disappointing earnings and a subsequent drop in stock price. The lawsuit seeks unspecified damages for shareholders from February 15 to July 24, 2024. Stellantis reported a significant decline in revenue and earnings for the first half of 2024, which contributed to the stock's decline.

Portfolio Pulse from Lekha Gupta

August 16, 2024 | 10:40 am