Streetbeat News

Earnings

COR

Cencora shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 adjusted EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:23 pm

DD

DuPont De Nemours, Inc. (NYSE: DD) reported better-than-expected Q2 earnings, with a 2% Y/Y sales increase to $3.171 billion and a 14% Y/Y rise in adjusted EPS to $0.97. The company raised its 2024 outlook and announced plans to split into three publicly traded entities, focusing on Electronics and Water businesses. DD shares rose 4.50% premarket.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 12:20 pm

BA

Boeing reported a significant decline in Q2 2024 revenue and deliveries, missing analyst expectations. The company named Kelly Ortberg as the new CEO, effective August 8, 2024. Boeing's commercial airplane deliveries and defense revenue fell, while global services revenue grew slightly. The company also saw an increase in debt and a substantial operating cash outflow.

Portfolio Pulse from Akanksha Bakshi

July 31, 2024 | 12:18 pm

NVDL

SMH

SOXL

SOXX

USD

Chip ETFs are trading higher in premarket due to President Biden's decision to exempt some allies from the new rule on chip exports to China and AMD's strong Q2 results. Key ETFs like NVDL, SOXL, USD, SMH, and SOXX saw significant gains.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 12:15 pm

AMD

TSM

Shares of Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) are surging in premarket trading due to industry-wide optimism from AMD's quarterly results and increased capex spending by AI-levered mega-caps. TSMC's ADRs had previously lost about 20% from their July highs.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 12:11 pm

CSCO

NOK

XRX

Wall Street's most accurate analysts have provided their ratings on three high-yielding industrial stocks: Xerox Holdings Corporation (XRX), Cisco Systems, Inc. (CSCO), and Nokia Oyj (NOK). Xerox has received a Sell rating from Citigroup and an Underweight rating from JP Morgan, with recent news of a sales decline. Cisco has a Hold rating from Needham and an Equal-Weight rating from Barclays, with news of a $1 billion AI investment fund. Nokia has a Neutral rating from JP Morgan and an Outperform rating from Raymond James, with news of a significant sales decline.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 12:08 pm

BSAC

Banco Santander Chile (NYSE:BSAC) reported Q2 earnings per share of $0.49, meeting analyst expectations and representing a 44.12% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:07 pm

CLBK

Columbia Financial (NASDAQ:CLBK) reported Q2 earnings of $0.04 per share, beating the analyst estimate of $0.03. However, this represents a 63.64% decrease from the $0.11 per share reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:05 pm

MA

Mastercard (NYSE:MA) reported Q2 2024 adjusted EPS of $3.59, beating the $3.51 estimate. Sales were $7.00 billion, surpassing the $6.85 billion estimate and marking an 11.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:05 pm

CMCO

Columbus McKinnon has reaffirmed its FY25 guidance, projecting low-single digit year-over-year net sales growth and mid to high-single digit year-over-year adjusted EPS growth.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:05 pm