Streetbeat News

Earnings

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported strong Q2 FY24 earnings with a 16.6% sales growth, beating analyst estimates. The company reinstated its dividend and raised its FY24 guidance. Despite positive results, RCL shares are trading slightly lower in premarket.

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 1:29 pm

HAS

Hasbro shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:29 pm

BTI

MO

UL

As of July 25, 2024, three consumer staples stocks—Unilever plc (NYSE:UL), British American Tobacco PLC (NYSE:BTI), and Altria Group Inc (NYSE:MO)—are considered overbought based on their RSI values. Unilever reported strong quarterly earnings, while British American Tobacco posted a year-over-year decline in H1 adjusted EPS. Altria is set to report its Q2 and H1 results on July 31.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 1:28 pm

GLD

IBIT

IWM

SLV

TLT

XLF

XLU

The U.S. GDP grew by 2.8% in Q2, surpassing estimates, while inflation eased. Despite strong economic performance, market expectations for Federal Reserve rate cuts remain unchanged. U.S. equity futures turned positive, and several ETFs saw significant premarket moves.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 1:27 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) reported strong second-quarter financial results, beating both revenue and earnings estimates. The company saw a significant increase in comparable restaurant sales and operating margins. Despite initial gains, the stock pulled back and was down 0.44% at $51.55. Analysts adjusted their price targets following the report.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 1:19 pm

AZN

AstraZeneca reported mixed Q2 earnings with sales of $12.94 billion, beating expectations, and adjusted EPS of $1.98. The company raised its annual guidance due to strong demand for cancer and rare disease medicines. Despite the positive outlook, AZN stock is down 4.44% in premarket trading.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 1:19 pm

AZN

AstraZeneca (NASDAQ:AZN) reported Q2 adjusted EPS of $0.99, missing the analyst consensus estimate of $1.20 by 17.5%. This represents a 7.91% decrease from the same period last year. However, the company reported quarterly sales of $12.98 billion, beating the analyst consensus estimate of $12.75 billion by 1.83% and marking a 13.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:17 pm

PI

Impinj shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:14 pm

COOP

NYCB

New York Community Bancorp shares are trading lower after reporting worse-than-expected Q2 financial results and announcing the sale of its residential mortgage business to Mr. Cooper for $1.4 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:12 pm

FFNW

First Financial Northwest (NASDAQ:FFNW) reported Q2 earnings of $0.17 per share, significantly beating the analyst estimate of $0.03. Sales were $8.97 million, also surpassing the $8.77 million estimate. Despite the earnings beat, sales decreased by 12.99% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:12 pm