Streetbeat News

Earnings

HWM

WBIL

XAR

Howmet Aerospace Inc. (NYSE:HWM) reported strong Q2 FY24 results, with revenue and EPS beating expectations. The company announced a $2 billion increase in its share repurchase program and a 60% increase in its quarterly dividend. The FY24 outlook was also raised. HWM shares are up 12.3% premarket.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 12:32 pm

HWM

Howmet Aerospace shares are trading higher following better-than-expected Q2 earnings, strong guidance, a raised dividend, and an increased buyback authorization.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:31 pm

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) reported an 80% YoY decline in Q1 revenue to $4.9 million. Despite the drop, the company regained compliance with Nasdaq listing rules and is working on debt restructuring. CEO Barbara Sher highlighted cost reductions and organizational streamlining as key strategies for future growth.

Portfolio Pulse from Nina Zdinjak

July 30, 2024 | 12:30 pm

FAAS

FOA

JFIN

The article highlights three oversold financial stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are DigiAsia Corp (NASDAQ:FAAS), Jiayin Group Inc (NASDAQ:JFIN), and Finance of America Companies Inc (NYSE:FOA).

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:29 pm

AMKR

CLDX

CRWD

DEO

FMS

FTEL

LSCC

NVAX

RMBS

SHCO

SYM

WWD

Lattice Semiconductor, Symbotic, Woodward, and other major stocks experienced significant declines in pre-market trading due to weak financial results and guidance. Lattice Semiconductor reported disappointing Q2 earnings and weak Q3 revenue guidance, leading to a 14.8% drop in its stock price.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:28 pm

CAC

Camden National (NASDAQ:CAC) reported Q2 2024 adjusted EPS of $0.81, beating the $0.71 estimate. Sales were $42.829M, surpassing the $41.718M estimate. Despite the beats, EPS decreased by 4.71% YoY, and sales increased by only 0.07% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:27 pm

TRUFF

Red Light Holland Corp. (OTCQB:TRUFF) reported a 20.3% YoY revenue growth for FY 2024, reaching CA$4.7 million. Despite a net loss of CA$7.71 million, the company remains focused on long-term profitability and advocacy for psilocybin access. Shares closed 2.78% lower at $0.035.

Portfolio Pulse from Nina Zdinjak

July 30, 2024 | 12:25 pm

BGCP

BGC Partners, Inc. has provided its Q3 FY24 revenue guidance, estimating between $505 million and $555 million, compared to the consensus estimate of $534.1 million.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:23 pm

NXRT

NexPoint Residential Trust (NXRT) has provided its financial guidance for FY24, including FFO of $0.65 per diluted share, Core FFO of $2.72 per diluted share, and AFFO of $3.18 per diluted share. The company also detailed its net loss and other financial metrics for the year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:22 pm

BGC

BGC Partners (NASDAQ:BGC) reported Q2 earnings of $0.23 per share, meeting analyst estimates and showing a 15% increase from last year. Quarterly sales were $550.76 million, beating estimates by 1.06% and increasing 11.70% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:18 pm