Streetbeat News

Earnings

ECL

Ecolab (NYSE:ECL) reported Q2 2024 adjusted EPS of $1.68, beating the estimate of $1.67, but sales of $3.985 billion missed the $4.028 billion estimate. EPS increased by 35.48% year-over-year, while sales grew by 3.45%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:03 pm

ITW

Illinois Tool Works (NYSE:ITW) reported Q2 2024 GAAP EPS of $2.54, beating the estimate of $2.47, but sales of $4.027 billion missed the $4.080 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:03 pm

IPGP

IPG Photonics reported Q2 2024 adjusted EPS of $0.50, missing the estimate of $0.51. Sales were $257.645 million, also missing the estimate of $258.955 million.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:02 pm

TRS

TriMas (NASDAQ:TRS) reported Q2 2024 earnings per share (EPS) of $0.43, missing the analyst estimate of $0.53 by 18.87%. However, the company beat sales estimates with $240.5 million, a 3.13% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:01 pm

TTOO

T2 Biosystems shares are trading higher after the company reported better-than-expected Q2 EPS results. Canaccord Genuity maintained a Hold rating on the stock and raised its price target from $3 to $5.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:01 pm

SYY

Sysco (NYSE:SYY) reported Q4 2024 adjusted EPS of $1.39, beating the estimate of $1.38. However, sales of $20.556 billion missed the estimate of $20.573 billion. Sales increased by 4.20% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:01 pm

IMNN

PYPL

SFM

Market-Moving News for July 30th: PayPal Holdings (PYPL) beats Q2 2024 earnings and sales estimates, Sprouts Farmers Market (SFM) reports better-than-expected Q2 results and issues strong Q3 guidance, and IMUNON (IMNN) to report topline results from Phase 2 OVATION 2 study in advanced ovarian cancer.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:57 am

LGIH

LGI Homes has updated its fiscal 2024 guidance, lowering its expected home closings to 6,400-7,200 from the prior 7,000-8,000. The company also raised its adjusted gross margin guidance to 25.5%-26.5% from 25%-26%. Other key metrics include an average sales price per home of $360,000-$370,000 and a gross margin of 23.5%-24.5%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:56 am

EKSO

Esko Bionics Holdings shares are trading lower after the company reported worse-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:55 am

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) reported strong Q2 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in payment volumes and transactions, and raised its guidance for the year. Despite a decrease in total active accounts, the stock price gained 5.99% premarket.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 11:53 am