Streetbeat News

Earnings

AMZN

Amazon's Twitch faces profitability issues and slowed growth, raising concerns about its future. Despite generating significant revenue, Twitch remains unprofitable and has undergone multiple layoffs. Amazon's overall revenue expectations are also below consensus estimates.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 1:53 pm

CCB

Coastal Financial (NASDAQ: CCB) reported Q2 earnings per share (EPS) of $0.84, beating the analyst consensus estimate of $0.80 by 5%. However, this represents an 11.58% decrease from the $0.95 EPS reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:28 pm

MCD

McDonald's CEO reports losing market share in France, maintaining share in China despite weak diner sentiment, and experiencing negative Q3 comp trends across all segments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:23 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) announced a multi-year partnership with Tree Energy Solutions to leverage its AI software for green energy transition and decarbonization. This partnership is a significant step for both companies, enhancing data-driven decision-making in the energy sector. Palantir is also set to report its Q2 financial results on Aug. 5, with expectations of earnings of 8 cents per share and revenue of $652.141 million. The company has shown consistent GAAP profitability and has received a bullish price target of $50 from Wedbush analyst Dan Ives.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:22 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher as Bitcoin rises following former President Donald Trump's advocacy for crypto at the Bitcoin Conference. Trump vowed to make the U.S. a bitcoin superpower and create a national bitcoin stockpile. MicroStrategy executive chair Michael Saylor also spoke at the conference, predicting significant future value for Bitcoin. MicroStrategy, which holds 226,331 bitcoins, will report Q2 financial results on Aug. 1 and enact a 10-for-1 stock split.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:21 pm

CNA

CNA Financial reported Q2 2024 GAAP EPS of $1.19, which was in line with expectations. However, the company's sales of $3.52 billion missed the estimate of $3.55 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:15 pm

APPN

GL

NWBI

Insiders have made notable purchases in Northwest Bancshares, Appian, and Globe Life, indicating confidence in these companies. Northwest Bancshares' CFO bought shares following strong quarterly results, Appian's 10% owner made a significant purchase amid an analyst rating upgrade, and a Globe Life director bought shares after better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 1:12 pm

AVTR

Avantor, Inc. (NYSE:AVTR) reported better-than-expected Q2 earnings, posting adjusted earnings of 25 cents per share against market estimates of 23 cents per share. The company also reported sales of $1.703 billion, in line with estimates. Following the earnings report, analysts from Baird and Stifel raised their price targets for Avantor. The stock gained 12.2% to close at $25.60 on Friday.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 1:11 pm

OIS

Oil Sales shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:06 pm

HTBK

Heritage Commerce shares are trading higher after the company reported better-than-expected Q2 revenue results. Additionally, multiple firms raised their respective price target on its stock.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:06 pm