Streetbeat News

Earnings

CMLS

Cumulus Media reported Q2 2024 GAAP EPS of $(1.64), missing the $(0.48) estimate. Sales were $204.849M, also missing the $206.000M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:02 pm

MOG

Moog Inc. (NYSE:MOG) reported Q3 2024 adjusted EPS of $1.91, beating the $1.77 estimate, and sales of $905 million, surpassing the $884.694 million estimate. This represents a significant year-over-year increase in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:02 pm

RBC

RBC Bearings (NYSE:RBC) reported Q1 earnings of $2.54 per share, beating the analyst estimate of $2.39. However, sales of $406.30 million missed the $416.98 million estimate. Earnings increased by 19.25% year-over-year, while sales grew by 4.95%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:02 pm

AAPL

AMZN

INTC

META

OXX

QQQ

SPY

Wall Street is set for a downturn as macroeconomic concerns resurface, with the VIX spiking and global markets selling off. Safe-haven gold has reached a record high. Key non-farm payrolls data is awaited, which could significantly impact the market. Tech stocks are expected to be hit hard, with notable premarket movements in Amazon, Apple, and Intel. The semiconductor sector is also under pressure.

Portfolio Pulse from Shanthi Rexaline

August 02, 2024 | 12:01 pm

CVX

Chevron reported Q2 2024 earnings with revenues beating expectations but adjusted EPS missing consensus. The company faced reduced margins on refined product sales and adverse foreign currency impacts. Chevron is relocating its headquarters to Houston, Texas.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 11:59 am

NEM

USAP

Two materials sector stocks, Newmont Corporation (NEM) and Universal Stainless & Alloy Products Inc (USAP), are showing overbought signals with RSI values above 70. Despite recent strong quarterly results, their momentum indicators suggest potential short-term price declines.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 11:57 am

RNG

RingCentral shares are trading higher following a Q2 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:56 am

MSTR

NVDA

MicroStrategy Inc. (NASDAQ:MSTR) has seen its stock soar 1200% since adopting Bitcoin as its primary reserve asset on August 10, 2020, outperforming both Bitcoin and NVIDIA Corporation (NASDAQ: NVDA). Despite reporting lower-than-expected second-quarter revenue, the company's Bitcoin holdings are now worth over $14 billion, 70% higher than the original purchase price.

Portfolio Pulse from Aniket Verma

August 02, 2024 | 11:55 am

IESC

IES Holdings (NASDAQ: IESC) reported a significant increase in Q3 earnings and sales. The company's adjusted EPS rose by 147.22% year-over-year to $2.67, while sales increased by 31.49% to $768.40 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:49 am

RPID

Rapid Micro Biosystems shares are trading higher after the company reported better-than-expected Q2 sales results and announced a workforce reduction.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:49 am