Streetbeat News

Earnings

CTRE

CareTrust REIT (NASDAQ:CTRE) reported Q2 2024 earnings per share of $0.36, meeting analyst expectations. The company also reported sales of $68.891 million, surpassing the analyst estimate of $54.220 million by 27.06%, and marking a 33.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:42 am

CVCO

Cavco Industries (NASDAQ:CVCO) reported Q1 2025 earnings per share (EPS) of $4.11, missing the analyst estimate of $4.70 by 12.55%. However, the company beat sales estimates with $477.599 million, a slight increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:30 am

COIN

Coinbase CEO Brian Armstrong discussed the bipartisan support for cryptocurrencies during the company's Q2 2024 earnings call. He emphasized that the crypto industry is now taken seriously in D.C. and is no longer seen as partisan. This follows positive comments from former President Trump and a recent upgrade of Coinbase shares by Citi. Despite a fall in transaction revenue, Coinbase reported a revenue beat, with Bitcoin accounting for a significant portion of trading volumes. Cathie Wood's Ark Invest recently sold shares in Coinbase, and the stock saw a 3.23% increase in after-hours trading.

Portfolio Pulse from Aniket Verma

August 02, 2024 | 7:13 am

CVX

HES

Chevron Corporation (NYSE:CVX) is set to release its Q2 earnings on August 2, with analysts expecting a decrease in EPS from $3.28 to $2.93, but an increase in revenue from $48.9 billion to $50.80 billion. Additionally, arbitration claims by Exxon Mobil and CNOOC Ltd could impact Chevron's proposed $53 billion acquisition of Hess Corp (NYSE:HES). Chevron's stock fell 4.9% to $152.62. Analyst ratings have been mixed, with some downgrades and some price target increases.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:58 am

SNDL

SNDL (NASDAQ:SNDL) reported Q2 EPS of $(0.02), an 83.33% improvement from $(0.12) YoY, and sales of $228.13M, beating the $176.43M estimate by 29.30%. Sales decreased by 1.63% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:51 am

AAPL

Apple's Vision Pro is gaining traction in the enterprise market, with companies like Boston Children's Hospital and Lufthansa adopting the device for workforce training. CEO Tim Cook highlighted the growing app ecosystem around Vision Pro and its potential to revolutionize professional development. Despite a slight dip in stock price, Apple's third-quarter earnings beat expectations, and the company returned over $32 billion to shareholders.

Portfolio Pulse from Kaustubh Bagalkote

August 02, 2024 | 6:50 am

ABG

CVX

META

MRNA

XOM

US stocks closed lower as Apple and Amazon reported earnings, with the CNN Money Fear and Greed index moving to the 'Fear' zone. The Dow Jones fell around 500 points, and the Nasdaq Composite ended July negatively. Moderna's stock dipped 21% due to lowered 2024 sales guidance, while Meta Platforms gained 4.8% after strong Q2 results. Investors await earnings from Exxon Mobil, Chevron, and Asbury Automotive Group.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:38 am

CVX

HES

XOM

Exxon Mobil (XOM) is expected to report higher Q2 earnings and revenue, with analysts projecting $2.01 EPS and $90.99 billion in revenue. The company, along with CNOOC Ltd, has filed arbitration claims regarding Hess Corp's (HES) stake in a Guyana joint venture, potentially affecting Chevron's (CVX) acquisition of Hess. Recent analyst ratings show mixed views on Exxon Mobil's stock.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:33 am

AAPL

ABG

AMZN

CVX

XOM

U.S. stock futures are trading lower this morning. Key stocks to watch include Exxon Mobil, Apple, Chevron, Amazon, and Asbury Automotive Group. Exxon Mobil and Chevron are set to release their earnings reports, while Apple and Amazon have already reported their results. Asbury Automotive Group is also expected to release its earnings report.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:25 am

AMD

INTC

Intel Corp. (NASDAQ: INTC) is offering a two-year extended warranty for its 13th and 14th Gen CPUs due to stability issues. This move comes after a disappointing financial report and significant cost reduction plans. Intel's stock has seen a significant decline, closing at $29.05 and falling further in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 6:15 am