Streetbeat News

Earnings

RVTY

Revvity shares are trading higher after the company reported strong Q2 earnings and raised its guidance.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:47 am

PHG

Koninklijke Philips shares are trading higher after the company reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:46 am

RECT

Rectitude Holdings reported FY24 revenue of $30.69M and EPS of $0.20. The increase in revenue was driven by stronger customer demand for safety equipment due to increased construction activity. However, EPS in Singapore Dollars decreased from S$0.31 to S$0.27.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:36 am

AAPL

AMZN

GOOGL

IBM

META

MSFT

QQQ

SPY

STM

TSLA

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

CNA

CNA Financial (NYSE:CNA) reported strong Q2 earnings, with EPS of $1.67 beating the $1.23 estimate and sales of $4.27B surpassing the $3.55B estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:17 am

VFS

VinFast announced it will restate its unaudited financial statements for Q1 Fiscal 2024. The board concluded that the financial statements for the year ended December 2023 and the quarter ended March should no longer be relied upon.

Portfolio Pulse from charles@benzinga.com

July 29, 2024 | 10:15 am

MRIN

Marin Software reported preliminary Q2 2024 revenue of $4M, down from $4.4M YoY. The company estimates a GAAP loss from operations between $2.3M and $2.1M, an improvement from $6.0M YoY. Non-GAAP loss is estimated between $1.9M and $1.7M, also an improvement from $4.8M YoY. Cash balance stands at $7.9M.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:08 am

RVTY

Revvity has updated its 2024 adjusted EPS guidance to a range of $4.70-$4.80, up from the prior guidance of $4.55-$4.75 and above the consensus estimate of $4.63.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:07 am

IART

Integra LifeSciences has updated its FY24 revenue and adjusted EPS expectations to $1.609B-$1.629B and $2.41-$2.57, respectively, down from prior estimates. The revised outlook reflects quality and compliance issues and significant investments in improvements.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:06 am

PROV

Provident Financial Holdings (NASDAQ: PROV) reported Q4 2024 GAAP EPS of $0.28, beating the estimate of $0.23. Sales were $9.918M, surpassing the $9.430M estimate but down 4.35% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:06 am