Streetbeat News

Earnings

TT

Trane Technologies shares are trading higher after the company reported better-than-expected Q2 financial results and issued its FY24 adjusted EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:15 am

LMND

Lemonade shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:14 am

ULS

UL Solutions (NYSE:ULS) reported Q2 earnings of $0.44 per share, beating the analyst estimate of $0.39. Sales were $730 million, surpassing the $716.52 million estimate. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:14 am

TSLA

Tesla showcased its first Cybertruck with dry cathode 4680 cells, aiming to reduce production costs and achieve profitability by the end of the year. The new cells are expected to significantly cut costs once production begins in Q4.

Portfolio Pulse from Anan Ashraf

July 31, 2024 | 11:14 am

LNTH

Lantheus has revised its FY24 adjusted EPS outlook from $7.00-$7.20 to $6.60-$6.70, which is below the $7.07 estimate. However, the company has maintained its revenue outlook of $1.50B-$1.52B, in line with the $1.51B estimate.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:14 am

OPCH

Option Care Health has updated its financial guidance for 2024, expecting net revenue of $4.75 billion to $4.85 billion, adjusted EBITDA of $435 million to $450 million, and cash flow from operations of at least $300 million. The effective tax rate and net interest expense remain consistent with previous guidance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:13 am

SCL

Stepan Company expects its second half EBITDA to improve compared to the previous year. The company is positioned to deliver full-year adjusted EBITDA growth and positive free cash flow.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:13 am

CZR

Caesars Entertainment shares are trading higher following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:13 am

RSVR

Reservoir Media (NASDAQ:RSVR) reported a Q1 EPS of $(0.01), missing the $0.03 estimate, but achieved sales of $34.32M, beating the $33.92M estimate. Sales increased by 7.79% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:12 am

SCL

Stepan (NYSE:SCL) reported Q2 2024 adjusted EPS of $0.41, missing the $0.67 estimate by 38.81%. Sales were $556.405M, missing the $589.800M estimate by 5.66% and down 4.06% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:12 am