Streetbeat News

Earnings

B

Barnes Group Inc. has updated its 2024 guidance, now expecting sales growth of 10%-12% (previously 13%-16%) and adjusted EPS of $1.55-$1.75 (previously $1.62-$1.82) versus an estimate of $1.72. The company also provided detailed guidance on organic sales growth, operating margin, EBITDA margin, capital expenditures, free cash flow, and effective tax rate.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:35 am

MMM

3M has raised its full-year 2024 adjusted EPS guidance to a range of $7.00-$7.30 from the previous range of $6.80-$7.30, reflecting strong operational execution in the first half of the year. The company's adjusted total sales growth and adjusted organic sales growth forecasts remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:33 am

B

Barnes Group (NYSE:B) reported Q2 2024 adjusted EPS of $0.37, missing the $0.40 estimate. Sales were $382.230M, below the $395.885M estimate. EPS decreased by 36.21% YoY, while sales increased by 12.76% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:31 am

MMM

3M (NYSE:MMM) reported Q2 2024 adjusted EPS of $1.93, beating the $1.68 estimate. Sales were $6.300 billion, surpassing the $5.878 billion estimate. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:30 am

BZ

KANZHUN, the parent company of BOSS Zhipin, has repurchased $44 million worth of shares under its current repurchase program. The company has shown strong financial performance with a 33% increase in revenue and a 117% increase in adjusted net income for Q1 2024 compared to Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:28 am

AB

AllianceBernstein Holding (NYSE: AB) reported Q2 2024 adjusted EPS of $0.71, beating the $0.67 estimate, and sales of $1.027 billion, surpassing the $804.613 million estimate. This represents a 16.39% increase in EPS and a 1.88% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:28 am

DIA

GLD

QQQ

SPY

On July 25th, U.S. stock markets closed mixed with the Dow Jones Industrial Average rising due to strong GDP data, while the S&P 500 and Nasdaq Composite fell. Initial jobless claims dropped, and the economy grew by 2.8% in Q2. Asian and European markets mostly advanced, and commodities showed mixed performance.

Portfolio Pulse from Akanksha Bakshi

July 26, 2024 | 10:27 am

POR

Portland General Electric (PGE) reaffirms its 2024 guidance, projecting adjusted EPS of $2.98-$3.18, slightly below the consensus of $3.06. The company also forecasts cash from operations of $700M-$800M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:21 am

CRI

Carter's has announced its Q3 sales forecast of $735M - $755M, which is below the estimated $805.92M. The adjusted EPS is projected to be between $1.10 and $1.35, also falling short of the estimated $1.88.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:18 am

POR

Portland General Electric (NYSE: POR) reported Q2 2024 GAAP EPS of $0.69, beating the $0.61 estimate. Sales were $758 million, surpassing the $715.055 million estimate. This represents a 76.92% increase in EPS and a 16.98% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:17 am