Streetbeat News

Earnings

EFRA

SSPX

WAB

Wabtec (NYSE:WAB) reported strong Q2 FY24 results with a 9.8% Y/Y sales growth to $2.644 billion, slightly beating consensus. Despite a 1.6% Y/Y decline in backlog, the company raised its EPS outlook and reiterated its sales guidance. Wabtec shares are down 4.46% following the report.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 3:27 pm

AMAT

AMD

ASML

AVGO

INTC

KLAC

LRCX

MPWR

MRVL

NVDA

QCOM

TSM

Shares of semiconductor stocks are trading lower amid recent earnings in the sector and concerns over potential China restrictions.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:25 pm

IBM

IBM is set to release its fiscal Q3 2024 financial results on July 24, with analysts expecting slight increases in earnings and revenue. The company recently secured a $26 million contract with USAID. Analysts have mixed ratings on IBM, with several lowering their price targets.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 3:19 pm

LCID

NIO

RIVN

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) reported disappointing Q2 results, missing earnings expectations and causing an 8% drop in premarket trading. This decline also affected shares of Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), Nio Inc (NYSE:NIO), and XPeng Inc (NYSE:XPEV). Tesla's automotive revenue dropped 7% YoY, and adjusted income plummeted 43% YoY. Despite remaining the top EV seller in the U.S., Tesla is losing market share to rivals. CEO Elon Musk announced plans for an affordable EV by 2025 and delayed the robotaxi details release to October 10th.

Portfolio Pulse from Upwallstreet

July 24, 2024 | 3:17 pm

APH

TSLA

Amphenol Corporation (NYSE: APH) reported an 18% increase in fiscal Q2 2024 sales, beating analyst estimates. Adjusted EPS also surpassed expectations. Despite strong financials, the stock slid due to broader semiconductor sector issues and geopolitical tensions. The company announced a 50% dividend increase and provided a positive outlook for Q3.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 3:10 pm

SIG

Analysts have provided mixed ratings for Signet Jewelers (NYSE:SIG) over the past three months, with a majority being indifferent. The average 12-month price target is $111.0, with a high of $125.00 and a low of $105.00. Financial metrics indicate challenges in revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:01 pm

AAPL

HPE

NTAP

PSTG

SMCI

The article provides a comprehensive analysis of Pure Storage (NYSE:PSTG) in comparison to its competitors in the Technology Hardware, Storage & Peripherals industry. Key financial metrics indicate that Pure Storage is overvalued relative to its peers, with high PE, PB, and PS ratios. However, it faces challenges in profitability and revenue growth, as evidenced by its low ROE, EBITDA, gross profit, and revenue growth.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:00 pm

UNH

The article provides an in-depth comparison of UnitedHealth Group (NYSE: UNH) against its competitors in the Health Care Providers & Services industry. Key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth are analyzed. UnitedHealth Group shows strong profitability but faces challenges in revenue growth and has a higher debt-to-equity ratio compared to its peers.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:00 pm

AVGO

The article provides a comprehensive analysis of Broadcom (NASDAQ:AVGO) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics, market position, and growth prospects are evaluated, highlighting Broadcom's strengths and weaknesses.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:00 pm

BUL

CZAR

FTV

Fortive Corporation (NYSE:FTV) reported mixed Q2 FY24 results with a slight revenue miss but tightened full-year forecasts. Revenue grew 2% Y/Y to $1.55 billion, missing the consensus of $1.57 billion. Adjusted EPS of $0.93 beat the consensus of $0.92. The company lowered its FY24 revenue forecast and tightened its adjusted EPS outlook. FTV shares are down 6.53%. Investors can gain exposure via Themes Natural Monopoly ETF (NASDAQ:CZAR) and Pacer US Cash Cows Growth ETF (NYSE:BUL).

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 2:58 pm