Streetbeat News

Earnings

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

LADR

Analysts have provided mixed ratings for Ladder Cap (NYSE:LADR) over the past quarter, with a recent average price target of $13.25, up from $11.75. The company has shown strong financial performance with notable revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 1:01 pm

MHK

Mohawk Industries (NYSE:MHK) reported mixed Q2 results, with earnings per share beating estimates but sales missing expectations. The company saw a 19.5% increase in share price following the results. Analysts have raised their price targets, with Baird, Truist Securities, and B of A Securities all making upward revisions.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 12:59 pm

IPA

ImmunoPrecise Antibodies reported a Q4 loss of C$(18.05) million, significantly higher than the C$(5.13) million loss from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:55 pm

IPA

ImmunoPrecise Antibodies reported Q4 sales of C$6.459 million, missing the estimate of C$6.530 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:53 pm

CAN

L

Loews Corp (NYSE:L) reported strong Q2 2024 results with net income of $369 million and EPS of $1.67. Revenues grew to $4.27 billion. CNA Financial Corp (NYSE:CAN) and Boardwalk Pipelines segments showed significant growth, while Loews Hotels saw a decline. CEO James Tisch will retire at the end of 2024, with Benjamin Tisch named as his successor. Loews shares were up 6.13% premarket.

Portfolio Pulse from Akanksha Bakshi

July 29, 2024 | 12:52 pm

BMRC

Bank of Marin (NASDAQ:BMRC) reported Q2 earnings of $0.06 per share, missing the analyst estimate of $0.18 by 66.67%. Sales were $22.47M, missing the $23.39M estimate by 3.95%. Both earnings and sales showed significant declines from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:52 pm

WY

Weyerhaeuser Company (NYSE:WY) reported Q2 earnings of 21 cents per share, meeting analyst estimates, but missed sales estimates with $1.94 billion. Despite this, shares rose 4.3% to $31.60. Analysts from Truist Securities and DA Davidson lowered their price targets to $31 and $36, respectively.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 12:50 pm