Streetbeat News

Earnings

AMD

MSFT

QQQ

SPY

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

ROCK

Gibraltar Industries has announced that its outlook for FY24 adjusted EPS remains unchanged, with the range continuing to be $4.57 - $4.82, compared to the estimated $4.71.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:55 am

MFG

Mizuho Financial Group (NYSE:MFG) reported Q1 2024 GAAP EPS of $0.15, beating the $0.11 estimate. Sales increased to $15.278 billion, up 12.74% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:50 am

MILN

SBUX

XLY

Starbucks Corporation (NASDAQ:SBUX) shares are trading higher on Wednesday despite reporting third-quarter revenues that missed estimates. The company reported earnings in line with expectations and highlighted promising signs in its U.S. operations. Starbucks opened 526 new stores in the quarter and declared a cash dividend of 57 cents per share.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 11:46 am

BGFV

Big 5 Sporting Goods shares are trading lower after the company reported a year-over-year decrease in Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:45 am

ROCK

Gibraltar Industries (NASDAQ:ROCK) reported Q2 2024 earnings of $1.18 per share, missing the analyst estimate of $1.25. Sales were $353.005 million, also below the $373.600 million estimate. Despite the misses, EPS increased by 2.61% year-over-year, while sales decreased by 3.26%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:40 am

GTES

Gates Industrial has revised its FY24 adjusted EPS guidance to a range of $1.29 to $1.35, down from the previous range of $1.28 to $1.43, and below the estimated $1.38. The company also adjusted its core revenue growth outlook to a range of -4% to -2%, from the previous range of -3% to +1%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:39 am

SXC

SunCoke Energy (NYSE:SXC) reported Q2 earnings per share of $0.25, beating the analyst estimate of $0.21. Sales were $470.90 million, surpassing the $410.35 million estimate. Despite the beats, sales decreased by 11.88% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:38 am

QRVO

Qorvo shares are trading higher following better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:36 am

CLH

Clean Harbors has raised its FY24 adjusted EBITDA outlook to a range of $1.125 billion to $1.165 billion, up from the previous range of $1.1 billion to $1.15 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:35 am