Streetbeat News

Earnings

RIG

Transocean has released its quarterly fleet status report, revealing a total backlog of $8.8 billion as of July 24, 2024. The aggregate incremental backlog associated with new fixtures is approximately $656 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:30 pm

ESRT

Empire State Realty Trust (ESRT) has reaffirmed its 2024 Core Funds From Operations (FFO) guidance in the range of $0.90 to $0.94, with an estimate of $0.92.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:28 pm

MPB

Mid Penn Bancorp (NASDAQ:MPB) reported Q2 2024 adjusted earnings per share (EPS) of $0.68, surpassing the analyst consensus estimate of $0.60 by 13.33%. This performance is consistent with the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:26 pm

CLB

Core Laboratories (CLB) has provided its Q3 revenue guidance of $131M - $137M, which is in line with the estimated $135.11M. The company also expects EPS to be between $0.23 and $0.27, matching the estimated $0.25.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:21 pm

QS

QuantumScape Corporation (NYSE:QS) reported a GAAP quarterly loss of 25 cents per share, missing analyst estimates. The company ended Q2 with $938 million in liquidity and extended its cash runway to 2028 due to a licensing deal with PowerCo. Despite maintaining its full-year 2024 guidance, QS shares fell 5.09% after-hours.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 9:18 pm

CLB

Core Laboratories (NYSE:CLB) reported Q2 2024 adjusted EPS of $0.22, beating the estimate of $0.21. However, sales of $130.577M missed the estimate of $132.170M.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:17 pm

ALGN

Align Technology Inc (NASDAQ:ALGN) shares dropped in after-hours trading following the release of its Q2 earnings report, which showed mixed results and soft guidance. The company reported Q2 revenue of $1.03 billion, slightly below estimates, and EPS of $2.41, above estimates. Despite a 2.6% year-over-year revenue increase, clear aligner revenues were down 0.1%. Align's guidance for Q3 and full-year 2024 was below expectations, contributing to the stock's decline.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 9:12 pm

LOB

Live Oak Bancshares (NYSE:LOB) reported strong Q2 2024 earnings, with GAAP EPS of $0.59 beating estimates by 22.92% and sales of $125.479M surpassing expectations by 4.46%. This marks significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:07 pm

NOW

ServiceNow Inc (NYSE:NOW) reported strong Q2 earnings, beating both revenue and EPS estimates. The company highlighted significant year-over-year growth in total and subscription revenues. ServiceNow also announced strategic investments and leadership changes, including the resignation of its president and COO. The stock rose 6.17% after hours.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 9:07 pm

IBTX

Independent Bank Group (NASDAQ:IBTX) reported Q2 2024 adjusted earnings per share (EPS) of $0.60, surpassing the analyst consensus estimate of $0.58 by 3.45%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:06 pm