Streetbeat News

Earnings

LNTH

Lantheus shares are trading lower after the company cut its FY24 EPS outlook.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:44 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) is experiencing a strong bearish trend ahead of its Q3 earnings report. The stock is currently trading below its short-term moving averages, indicating ongoing selling pressure. Despite a long-term bullish signal, technical indicators suggest potential risks. Analysts, however, see a 34% upside with a consensus price target of $194.63.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 1:43 pm

ANET

Arista Networks shares are trading lower despite reporting better-than-expected Q2 financial results and raising its Q3 revenue guidance. Jefferies maintained a Buy rating and increased its price target from $340 to $380.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:41 pm

GRMN

Garmin has revised its FY24 earnings per share (EPS) estimate to $6.00, up from the previous estimate of $5.75. Additionally, the company has increased its revenue forecast to $5.95 billion, compared to the earlier estimate of $5.88 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:40 pm

GRMN

Garmin Ltd (NYSE:GRMN) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in its Fitness and Marine segments, leading to an increased annual revenue outlook. Despite a slight decline in gross margin, the operating margin improved. Garmin's stock has gained over 69% in the last 12 months but traded lower by 2.70% recently.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 1:38 pm

AMD

DIA

IWM

QQQ

SPY

Major indexes are higher as chip and tech stocks gain following strong earnings from AMD.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:38 pm

RMNI

Rimini Street shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:37 pm

GNRC

Generac shares are trading higher after the company reported Q2 earnings and announced an investment in Wallbox.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:35 pm

RMNI

Rimini Street (NASDAQ:RMNI) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.04 estimate by 125%. Sales were $103.10M, missing the $105.44M estimate by 2.22% and down 3.12% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:35 pm

KHC

Kraft Heinz (NASDAQ:KHC) reported a 3.6% decline in Q2 FY24 revenue to $6.48 billion, missing analyst estimates. Despite a 1.5% increase in gross profit, operating income fell by 62.1%. The company maintained its FY24 adjusted EPS outlook and declared a $0.40 dividend. Shares are up 2.54% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 1:32 pm