Streetbeat News

Earnings

TXRH

Texas Roadhouse shares are trading higher following the release of better-than-expected Q2 financial results. Additionally, Wells Fargo has raised its price target on the stock from $165 to $175.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:00 pm

UCTT

Ultra Clean shares are trading higher after the company reported better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:58 pm

MSFT

Microsoft is experiencing a mixed fiscal Q4, with some partner metrics slipping, but its AI strategy is showing significant promise. Despite a slight miss in partner metrics, growth expectations remain strong, and Microsoft's AI ventures, particularly M365 Copilot and Azure OpenAI Service, are thriving. JPMorgan analyst Mark R. Murphy remains cautiously optimistic about Microsoft's future, emphasizing its strategic position in AI.

Portfolio Pulse from Surbhi Jain

July 26, 2024 | 12:57 pm

GNTX

Gentex shares are trading lower after the company missed Q2 earnings estimates and lowered its guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:55 pm

CRI

Carter's shares are trading lower after the company issued weak guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:54 pm

BKR

Baker Hughes shares are trading higher after the company reported a Q2 earnings beat and raised its full year guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:48 pm

MCD

McDonald's Corporation (NYSE:MCD) declared a quarterly cash dividend of $1.67 per share, payable on Sept. 17. The company offers an annual dividend yield of 2.66%. To earn $500 monthly from dividends, an investment of approximately $225,811 is needed. McDonald's shares fell 0.8% to $251.46. The company will release its Q2 financial results on July 29, with expected earnings of $3.07 per share and revenue of $6.61 billion.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 12:46 pm

BAH

Booz Allen Hamilton shares are trading lower following a Q1 earnings miss and soft EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:43 pm

BEN

Franklin Resources (NYSE:BEN) reported Q3 2024 adjusted EPS of $0.60, beating the $0.57 estimate. Sales were $2.12 billion, surpassing the $1.66 billion estimate and showing a 7.82% increase from last year's $1.97 billion.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:34 pm

MMM

3M Company (NYSE:MMM) reported better-than-expected Q2 2024 results, leading to a 6.82% increase in its stock price. The company raised its annual outlook, with adjusted EPS now expected to be between $7.00 and $7.30. Despite a slight decline in net sales, 3M saw growth in adjusted net sales and organic sales, along with improved operating margins.

Portfolio Pulse from Akanksha Bakshi

July 26, 2024 | 12:34 pm