Streetbeat News

Earnings

RVTY

Revvity has updated its 2024 sales guidance to a range of $2.77 billion to $2.79 billion, slightly narrowing its previous guidance of $2.76 billion to $2.82 billion. The new guidance is close to the consensus estimate of $2.793 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:05 am

IART

Integra LifeSciences has revised its Q3 2024 revenue expectations to $372M-$382M, significantly below the $432.11M estimate. Adjusted EPS is expected to be $0.36-$0.44, also below the $0.85 estimate. For the full year 2024, the company expects revenue of $1.609-$1.629 billion and adjusted EPS of $2.41-$2.57.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:03 am

L

Loews (NYSE:L) reported Q2 earnings per share (EPS) of $1.67, a 5.7% increase from $1.58 YoY, and sales of $4.27 billion, an 8.46% increase from $3.93 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:01 am

RVTY

Revvity reported its Q2 2024 results, with adjusted EPS of $1.22 beating the estimate of $1.12, and sales of $691.685 million surpassing the expected $690.356 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:01 am

IART

Integra Lifesciences reported Q2 2024 adjusted EPS of $0.63, beating the estimate of $0.62. Sales were $418.175 million, surpassing the expected $413.154 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:01 am

ABT

CGTX

LGVN

PBI

Pitney Bowes shares surged over 12% in pre-market trading after selling part of its e-commerce business to Stord. Other notable pre-market movers include Cognition Therapeutics, Longeveron, and Abbott Laboratories, among others.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 9:26 am

TSLA

Tesla CEO Elon Musk announced that the Cybertruck will receive access to the Full Self-Driving (FSD) technology in August. The company is currently testing the update to ensure its capabilities before rolling it out. Tesla aims to ramp up Cybertruck production to deliver 250,000 units annually starting in 2025.

Portfolio Pulse from Anan Ashraf

July 29, 2024 | 8:31 am

FFND

TSLA

Tesla shares fell over 8% during the week ending July 26, halting an upward trend. Gary Black's Future Fund LLC reduced its Tesla stake from over 5% to 3.55%. Black outlined conditions for increasing his position, including stabilizing auto gross margins, achieving 25%+ volume growth with sub-$30K EVs, and improving full self-driving technology efficacy. The stock may remain range-bound near $200 without significant catalysts, with potential momentum from the Oct. 10 robotaxi event. Concerns include valuation, reliance on regulatory credits, and potential political risks.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 8:24 am

BMY

MCD

MMM

ON

SFM

The Dow Jones surged over 650 points following positive inflation data, with the Fear & Greed Index moving to a 'Neutral' zone. Bristol Myers Squibb and 3M Company saw significant stock price increases due to strong earnings reports. Investors are awaiting earnings results from McDonald's, ON Semiconductor, and Sprouts Farmers Market.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 8:11 am

DEO

Diageo plc (NYSE: DEO), known for Johnnie Walker whisky and Tanqueray gin, is facing its first annual sales decline since 2020. The company has issued a profit warning, leading to a dip in investor confidence. Analysts predict a 0.2% fall in net sales for the year ending June 30, with persistent issues in the U.S. and Latin America contributing to the decline. Diageo's shares have already dropped over 3% earlier this year after missing analyst estimates on organic net sales.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:09 am