Streetbeat News

Earnings

HOG

Harley-Davidson Inc (NYSE:HOG) reported strong Q2 results, beating revenue and EPS estimates. Despite a decline in global retail motorcycle sales, the company announced a $1 billion share repurchase plan. However, it revised its FY24 revenue and operating income margin outlook downwards.

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 2:34 pm

AAPL

AMZN

META

MSFT

Goldman Sachs' Scott Rubner suggests hedging ahead of earnings reports from Microsoft, Meta, Apple, and Amazon next week. He warns that if their results and guidance are not strong, their stocks could suffer. The article also discusses inexpensive ways to hedge Microsoft and Meta.

Portfolio Pulse from David Pinsen

July 25, 2024 | 2:21 pm

ABBV

AbbVie Inc. (NYSE:ABBV) reported strong Q2 earnings, beating estimates with adjusted EPS of $2.65 and net revenues of $14.46 billion. The company raised its annual profit guidance due to strong sales from newer immunology and cancer drugs. Despite a decline in Humira revenues, Skyrizi and Rinvoq showed significant growth. Neuroscience and oncology portfolios also performed well. However, the stock is down 5.14% following the announcement.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 2:18 pm

SKX

Skechers U.S.A., Inc. (NYSE:SKX) is set to release its Q2 financial results on July 25. Analysts expect earnings of 95 cents per share and revenue of $2.23 billion. The company recently filed a lawsuit against LL Bean. Several analysts have upgraded their ratings and price targets for Skechers.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 2:16 pm

AAL

American Airlines Group Inc. (NASDAQ:AAL) reported mixed Q2 2024 earnings, with revenue growth of 2% YoY to $14.334 billion, missing the consensus. Adjusted EPS was $1.09, above the consensus but down from last year. The company lowered its 2024 EPS outlook and expects breakeven adjusted EPS for Q3. AAL shares are up 2.41% to $10.42.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 2:13 pm

IMAX

Imax Corp (NYSE:IMAX) reported strong Q2 financial results, significantly beating analyst estimates for both EPS and sales. The company saw a 12% increase in Content Solutions revenues and a 20% increase in system installations. Imax raised its system installation guidance for 2024, leading to a 9.62% rise in its stock price.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 2:11 pm

JBHT

J.B. Hunt Transport Services (NASDAQ:JBHT) reported its Q2 2024 earnings, highlighting mixed performance across its segments. Intermodal volumes were down 1% YoY, Dedicated Contract Services sold 325 new trucks, and Final Mile Services saw a net benefit from claims settlements. Integrated Capacity Solutions faced a 21% revenue decline, while Truckload revenue dropped 12%. The company remains optimistic about long-term growth despite current challenges.

Portfolio Pulse from Tornado

July 25, 2024 | 2:11 pm

IMAX

Imax reported its Q2 2024 results, with adjusted EPS of $0.18 beating the estimate of $0.07, and sales of $89.00M surpassing the expected $76.01M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:08 pm

AMZN

F

SPY

WBD

The US economy grew at an annual rate of 2.8% in Q2, surpassing expectations. Ford's stock fell due to missed earnings. The NBA selected Amazon as its new TV partner, replacing Warner Bros.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:05 pm

TSLA

Tesla's stock dropped 12% after disappointing Q2 earnings, with revenue and profit margins declining. The company faces increased competition and market share loss, despite being the leading EV seller in the U.S. CEO Elon Musk's controversial comments and ambitious future plans add to investor concerns.

Portfolio Pulse from Zaheer Anwari

July 25, 2024 | 2:05 pm