Streetbeat News

Earnings

ALLE

Allegion Plc shares are trading higher after multiple firms raised their respective price target on the stock following Wednesday's earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:22 pm

ROL

Rollins shares are trading lower after the company reported worse-than-expected Q2 revenue.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:21 pm

GOOG

GOOGL

MSFT

Alphabet Inc (GOOG, GOOGL) shares fell following a report that OpenAI, backed by Microsoft (MSFT), plans to launch a search tool called 'SearchGPT' aimed at disrupting Google's search dominance. The tool will initially be available to a select group of users, with a 10,000-person waiting list already opened. Despite Alphabet's strong Q2 results and positive analyst feedback on its AI-powered search tools, the news of potential competition from OpenAI has impacted its stock price.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 7:20 pm

AMC

IMAX

AMC Entertainment Holdings, Inc (NYSE:AMC) saw a 7% increase in stock price on Thursday, reversing its losses from Wednesday. This boost was influenced by Imax Corp’s (NYSE:IMAX) strong second-quarter results, which exceeded analyst expectations. Imax's positive outlook and increased system installation guidance for 2024 also contributed to the positive sentiment. AMC's CEO remains optimistic about future box office performance despite recent disappointments.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 7:19 pm

BELFB

Bel Fuse shares are trading higher following a Q2 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:59 pm

QS

QuantumScape Corporation (NYSE:QS) shares are down 8.71% after reporting a larger-than-expected loss of 25 cents per share for the second quarter of fiscal year 2024. The company also reported $18.9 million in capital expenditures and ended the quarter with $938 million in liquidity. Despite the earnings miss, QuantumScape maintains its full-year guidance and finalized a significant deal with Volkswagen Group to advance solid-state battery technology.

Portfolio Pulse from Dylan Berman

July 25, 2024 | 6:56 pm

ASGN

ASGN shares are trading lower following mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:53 pm

WH

Wyndham Hotels & Resorts shares are trading higher following a Q2 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:51 pm

QS

QuantumScape shares are trading lower after the company reported worse-than-expected EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:51 pm

LAZ

Lazard shares are trading higher following better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:50 pm