Streetbeat News

Earnings

ANET

Arista Networks Inc (NYSE:ANET) reported strong Q2 financial results, beating revenue and EPS estimates. The company posted Q2 revenue of $1.69 billion and EPS of $2.10, both surpassing expectations. Total revenues increased by 15.9% year-over-year and 7.6% quarter-over-quarter. Arista provided strong Q3 guidance, projecting revenue between $1.72 billion and $1.75 billion, above estimates. Shares rose 3.40% in after-hours trading.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 8:47 pm

BXP

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

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:47 pm

BXP

Boston Properties (NYSE:BXP) reported Q2 FFO of $1.77 per share, beating the estimate of $1.72. Sales were $850.48M, surpassing the $818.57M estimate. Despite the beats, FFO decreased by 4.84% YoY, while sales increased by 4.08% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:46 pm

CRK

Comstock Resources shares are trading lower following worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:46 pm

PRO

Pros Holdings (NYSE:PRO) reported Q2 2024 adjusted EPS of $0.07, significantly beating the $0.01 estimate. Sales were $82.013M, surpassing the $81.384M estimate. This marks an 800% increase in EPS and an 8.21% rise in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:46 pm

ESS

Essex Property Trust (NYSE:ESS) reported Q2 2024 sales of $442.355 million, surpassing the analyst consensus estimate of $431.822 million by 2.44%. This marks a 6.32% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:46 pm

PSA

Public Storage shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:44 pm

FE

FirstEnergy provided Q3 earnings guidance of $0.85-$0.95 per share, slightly above the $0.89 estimate. The company also affirmed its FY24 EPS guidance of $2.61-$2.81 per share, compared to the $2.69 estimate, and reiterated its long-term annual operating earnings growth target of 6%-8%, supported by a $26 billion, five-year capital investment plan.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:44 pm

SWKS

Skyworks shares are trading lower following mixed Q3 earnings and soft Q4 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:44 pm

ESS

Essex Property Trust (ESS) has revised its FY24 Core FFO outlook from a range of $15.03 - $15.43 to $15.38 - $15.62, with an estimate of $15.39.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:43 pm