Streetbeat News

Earnings

ARKW

TSLA

Cathie Wood's Ark Invest made significant trades involving Tesla Inc (TSLA) and other companies. Despite Tesla's recent financial challenges, Ark Invest's ARK Next Generation Internet ETF (ARKW) acquired $7.16 million worth of Tesla shares. Tesla's Q2 earnings showed a revenue beat but an EPS miss, with automotive revenue dropping 7% YoY. Ark Invest also made trades involving MercadoLibre Inc, Toast Inc, 10X Genomics Inc, Teladoc Health Inc, and Oklo Inc.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:55 am

F

Peter Schiff highlights economic struggles as Ford's Q2 profits disappoint, leading to a 12% drop in shares. Rising living costs and high interest rates are cited as reasons Americans can't afford new cars. Despite a 6% revenue increase, Ford's earnings per share missed estimates, causing concern.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:31 am

AMD

NVDA

QCOM

TSLA

AMD stock turned negative year-to-date after a decline on Wednesday, despite CEO Lisa Su's meeting with Tesla. The meeting, which highlighted AMD's partnership with Tesla, did not provide new partnership details but reminded investors of their existing collaboration. AMD's stock fell 6.08% to $144.63, and the company will report Q2 results on July 30.

Portfolio Pulse from Chris Katje

July 24, 2024 | 10:49 pm

CLS

Celestica has raised its FY24 revenue outlook to $9.45 billion from the previous $9.1 billion, surpassing the estimated $9.126 billion. Additionally, the company has increased its adjusted EPS forecast to $3.62 from the prior $3.30, exceeding the estimated $3.33.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:57 pm

CLS

Celestica has announced its Q3 revenue expectations to be between $2.325 billion and $2.475 billion, surpassing the estimated $2.29 billion. The company also expects adjusted EPS to be between $0.86 and $0.96, higher than the estimated $0.82.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:53 pm

CLS

Celestica (NYSE:CLS) reported strong Q2 2024 earnings, with adjusted EPS of $0.91 beating estimates by 12.35% and sales of $2.391 billion surpassing expectations by 6.31%. Both metrics showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:51 pm

ORN

Orion Group Holdings (NYSE: ORN) reported Q2 2024 adjusted EPS of $(0.16), missing the $(0.01) estimate by a significant margin. Sales were $192.167 million, slightly below the $192.786 million estimate but up 5.28% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:42 pm

MPB

Mid Penn Bancorp reported Q2 2024 sales of $44.095 million, surpassing the estimated $41.910 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:39 pm

F

GM

General Motors (GM) shares are trading lower after-hours following Ford's (F) Q2 earnings release. Ford missed earnings estimates and reported a significant drop in revenue from its Model e segment. GM shares are down slightly in sympathy, despite reporting strong Q2 results and beating earnings estimates.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 9:36 pm

CBFV

CB Financial Services (NASDAQ:CBFV) reported Q2 2024 adjusted EPS of $0.52, beating the estimate of $0.51, but sales of $12.158M missed the $12.300M estimate. EPS decreased by 5.45% YoY, and sales decreased by 9.19% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:35 pm