Streetbeat News

Earnings

META

Meta Platforms Inc (NASDAQ:META) has launched Llama 3.1, a significant open-source AI model, marking a major milestone in its AI ambitions. JPMorgan analyst Doug Anmuth highlights Meta's AI advancements and predicts it could become the most-used AI assistant by year-end. Meta's open-source strategy aims to democratize AI access and challenge industry giants. The company is also planning future iterations up to Llama 7, with potential capex guidance for 2024-2025 reaching $50 billion. Anmuth rates Meta as 'Overweight' ahead of its earnings next week.

Portfolio Pulse from Surbhi Jain

July 25, 2024 | 12:44 pm

LUV

Southwest Airlines (NYSE:LUV) reported a mixed Q2 2024 earnings with a 4.5% revenue increase but a significant drop in adjusted EPS and operating income. CEO Bob Jordan announced transformational changes to address internal and external challenges. The stock is trading lower by 4.59% premarket.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 12:43 pm

KRNY

Kearny Financial (NASDAQ:KRNY) reported Q4 earnings of $0.09 per share, meeting analyst expectations but representing a 52.63% decrease from the previous year. Quarterly sales were $32.28 million, missing the $33.51 million estimate and showing a 19.67% decline from last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:42 pm

QQQ

UUP

The U.S. economy expanded by 2.8% in Q2 2024, surpassing expectations. The Personal Consumption Expenditure (PCE) price index and Core PCE price index both showed signs of easing inflation. Weekly jobless claims also fell, indicating a resilient labor market. The U.S. dollar index rose slightly, and futures on major U.S. indices trimmed losses.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 12:41 pm

ESQ

Esquire Financial Holdings (NASDAQ:ESQ) reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.19 by 5.04%. This represents a 13.64% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:41 pm

TOMZ

TOMI Environmental Solutions announced preliminary Q2 2024 revenue of $3.0M, marking a 10% year-over-year increase and a 170% sequential increase. BIT Solution sales rose by 31% YoY and 171% sequentially.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:36 pm

LYG

Lloyds Banking Group (NYSE:LYG) reported Q2 earnings per share of $0.08, unchanged from last year. However, sales dropped significantly by 32.74% to $3.79 billion from $5.63 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:35 pm

HON

Honeywell International has adjusted its FY2024 guidance, lowering its adjusted EPS forecast from $10.15-$10.45 to $10.05-$10.25, while raising its sales guidance from $38.50B-$39.30B to $39.10B-$39.70B.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:35 pm

MOH

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

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:32 pm

CBRE

CBRE Group shares are trading higher after the company raised its 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:31 pm