Streetbeat News

Earnings

SRCE

1st Source (NASDAQ:SRCE) reported Q2 2024 GAAP EPS of $1.49, beating the $1.22 estimate by 22.13%. Sales were $97.415M, surpassing the $94.845M estimate by 2.71%. This represents a 14.62% increase in EPS and a 6.51% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:30 pm

BTE

Baytex Energy (NYSE:BTE) reported Q2 earnings per share of $0.10, missing the analyst estimate of $0.12. However, the company reported sales of $828.26 million, beating the estimate of $751.50 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:29 pm

SBCF

Seacoast Banking (NASDAQ:SBCF) reported Q2 2024 adjusted EPS of $0.36, beating the $0.34 estimate. Sales were $126.608M, slightly above the $126.226M estimate. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:26 pm

SKX

Skechers USA Inc. (NYSE:SKX) reported its Q2 financial results, missing analyst estimates for both earnings and sales. The company reported earnings of 91 cents per share and sales of $2.16 billion. Despite missing estimates, sales increased by 7.2% year-over-year. The company also announced a $1 billion share repurchase program. Shares are up 1.99% after-hours.

Portfolio Pulse from Erica Kollmann

July 25, 2024 | 9:22 pm

CUBI

Customers Bancorp remains committed to maintaining a CET 1 ratio around 11.5% and a TCE/TA ratio around 7.5% in 2024. The company expects 10%-15% loan growth for the full year and aims to operate at a mid-40's efficiency ratio over the medium term. Guidance on the effective tax rate has been adjusted to 23%-25% due to growth in higher-tax jurisdictions.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:21 pm

FRST

Primis Financial (NASDAQ: FRST) reported Q2 2024 earnings per share (EPS) of $0.32, missing the analyst consensus estimate of $0.38 by 15.79%. However, the company reported quarterly sales of $42.116 million, beating the analyst consensus estimate of $29.286 million by 43.81%. This represents a 21.57% increase over sales of $34.643 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:19 pm

CUBI

Customers Bancorp (NYSE:CUBI) reported Q2 2024 adjusted EPS of $1.49, beating the $1.43 estimate. Sales were $167.653M, surpassing the $164.477M estimate. Despite the beats, EPS decreased by 9.7% YoY, while sales increased by 1.44% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:19 pm

SAM

Boston Beer Company Inc (NYSE:SAM) reported Q2 earnings of $4.39 per share, missing the $5.10 estimate. Sales were $579.1 million, below the $597.333 million estimate. Depletions decreased 4% and shipments decreased 6.4%. Gross margin improved to 46%. The company reaffirmed its full-year guidance of GAAP EPS between $7.00 and $11.00. Shares fell 5% after-hours.

Portfolio Pulse from Erica Kollmann

July 25, 2024 | 9:18 pm

COUR

Coursera continues to expect FY24 revenue in the range of $695M to $705M, aligning with the estimated $699.746M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:14 pm

OLN

Olin shares are trading lower following a Q2 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:14 pm