Streetbeat News

Earnings

BG

Bunge (NYSE:BG) reported Q2 2024 adjusted EPS of $1.73, missing the $1.80 estimate, and sales of $13.241 billion, missing the $14.273 billion estimate. This represents a significant year-over-year decline in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:49 am

OSW

OneSpaWorld Holdings (NASDAQ:OSW) reported Q2 earnings of $0.20 per share, meeting analyst expectations and showing a 33.33% increase from last year. Sales were $224.89 million, beating estimates by 1.92% and increasing 12.16% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:47 am

CSWI

CSW Industrials (NASDAQ:CSWI) reported strong Q1 earnings, with EPS of $2.47 beating the $2.19 estimate and sales of $226.18M surpassing the $215.13M estimate. This represents a 25.38% increase in EPS and an 11.22% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:47 am

USAP

Universal Stainless (NASDAQ:USAP) reported Q2 2024 earnings of $0.90 per share, significantly beating the analyst estimate of $0.42. The company also reported sales of $82.759 million, surpassing the $80.375 million estimate and marking a 19.91% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:46 am

UTHR

United Therapeutics reported Q2 2024 GAAP EPS of $5.85, missing the estimate of $6.47. However, sales were $714.9 million, beating the estimate of $691.867 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:46 am

RITM

Rithm Capital reported Q2 earnings available for distribution of $0.47 per share.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:46 am

CNHI

CNH Industrial has updated its 2024 outlook, forecasting a decline in net sales for both its agriculture and construction segments by 15%-20%. The company also revised its adjusted EPS to $1.30-$1.40, down from the previous estimate of $1.45-$1.55.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:43 am

CCJ

Cameco (NYSE:CCJ) reported Q2 2024 adjusted EPS of $0.14, missing the analyst estimate of $0.26 by 46.15%. Sales were $598.00M, missing the $766.92M estimate by 22.03%. Despite the miss, sales increased by 66.66% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:42 am

MSFT

NVDA

Global markets showed mixed results with U.S. indices closing mixed, Asian markets rising, and European markets opening higher. Crude oil prices advanced by 2.6% due to geopolitical tensions. Key U.S. stocks like Microsoft and Nvidia saw declines due to earnings and growth concerns.

Portfolio Pulse from Akanksha Bakshi

July 31, 2024 | 10:42 am

BX

LBO

PSP

ROIC

Blackstone Inc. (NYSE:BX) shares are trading higher premarket as the company is reportedly in early talks to acquire Retail Opportunity Investments Corp. (NASDAQ:ROIC). ROIC's shares have dropped 10% over the past year, and Blackstone sees value in its properties. No deal is guaranteed, and other bidders may emerge. ROIC owns 95 shopping centers and recently reported a slight decline in FFO for Q2 2024. Blackstone also extended an all-cash tender offer for Terrafina's real estate trust certificates. BX reported strong Q2 2024 adjusted revenues but missed on distributable earnings per share. BX stock has gained around 35% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 10:39 am