Streetbeat News

Earnings

TNET

TriNet expects its Q3 total revenues to be flat to up 3%, with adjusted EPS projected between $1.00 and $1.50, compared to the estimated $1.37.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:03 pm

DXCM

Dexcom Inc. (NASDAQ:DXCM) shares plummeted nearly 39% in pre-market trading after the company lowered its full-year sales outlook for glucose monitoring devices. The revised revenue forecast for 2024 is now between $4 billion and $4.05 billion, down from the previous estimate of $4.2 billion to $4.35 billion. The forecast cut is attributed to fewer new customers, lower revenue per customer, and higher rebates due to changes in reimbursement methods by large health plans. Despite these challenges, CEO Kevin Sayer remains confident in the company's long-term targets for 2025.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 12:03 pm

BAH

Booz Allen Hamilton Holding Corp (NYSE:BAH) reported fiscal Q1 adjusted EPS of $1.38, missing the analyst consensus estimate of $1.52, leading to a 7.44% drop in stock price. Despite beating sales estimates and showing strong backlog growth, the stock declined due to the EPS miss.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 12:03 pm

GNTX

Gentex (NASDAQ:GNTX) reported Q2 earnings of $0.37 per share, missing the analyst estimate of $0.52 by 28.85%. Sales were $572.93M, also below the $620.04M estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:02 pm

NVCR

Over the past three months, four analysts have shared their evaluations of NovoCure (NASDAQ:NVCR), revealing a range of sentiments from bullish to bearish. The average 12-month price target has increased by 6.69% to $22.0. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. NovoCure's financial performance shows significant revenue growth but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 12:01 pm

TNET

Trinet Group (NYSE:TNET) reported Q2 2024 adjusted EPS of $1.53, beating the $1.28 estimate. Sales were $1.226 billion, surpassing the $1.213 billion estimate. Despite the beats, EPS decreased by 12.07% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:01 pm

SAIA

Saia (NASDAQ:SAIA) reported Q2 earnings per share (EPS) of $3.83, missing the analyst estimate of $4.02. Sales were $823.24 million, also missing the estimate of $826.55 million. Despite the misses, EPS increased by 11.99% and sales by 18.52% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:00 pm

Colgate-Palmolive Company (NYSE:CL) reported strong Q2 FY24 results with a 4.9% sales growth, beating analyst estimates. The company raised its organic revenue growth outlook and expects continued gross profit margin expansion and EPS growth.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 11:52 am

AAPL

AMZN

BYD

COIN

DECK

DXCM

IBM

META

MHK

MSFT

NVDA

QQQ

SPY

US stocks are poised to end the week on a high note, led by Nvidia and other mega-cap tech stocks in premarket trading. Key inflation data will be crucial for sustaining the rally. Major index futures are higher, with the Nasdaq 100 and S&P 500 showing gains. Several companies, including Apple, Amazon, Microsoft, and Meta, are set to release earnings next week. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed mixed premarket performance. Deckers Outdoor Corporation, Boyd Gaming Corporation, Mohawk Industries, and DexCom reacted to their earnings. Tech stocks like Nvidia, Micron, Broadcom, and AMD firmed up in premarket trading.

Portfolio Pulse from Shanthi Rexaline

July 26, 2024 | 11:39 am

WRLD

World Acceptance (NASDAQ:WRLD) reported Q1 2025 earnings per share (EPS) of $1.79, beating the analyst estimate of $1.69. However, the company missed sales estimates, reporting $129.527 million against the expected $141.000 million.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:33 am