Streetbeat News

Earnings

ALKS

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

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:23 pm

DIA

GOOGL

IWM

QQQ

SPY

TSLA

Major indexes are lower as Tesla and Alphabet shares drop on earnings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:22 pm

THC

Tenet Healthcare Corporation (NYSE: THC) reported strong Q1 earnings, with sales of $5.37 billion, beating the consensus of $5.15 billion. The company announced a $1.5 billion share buyback program and raised its FY 2024 revenue guidance. Adjusted EBITDA for Q2 2024 was $945 million, up from $843 million a year ago. THC stock rose 5.28% following the news.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 2:21 pm

GD

General Dynamics Corp (NYSE:GD) reported strong Q2 2024 revenue growth of 18% YoY to $11.976 billion, beating expectations. However, EPS of $3.26 missed the consensus of $3.29, leading to a 5.69% drop in share price. Operating earnings rose 20.2% YoY, and the company saw growth across all segments. Despite positive revenue, the outlook indicates a margin shrinkage by 30 basis points.

Portfolio Pulse from Akanksha Bakshi

July 24, 2024 | 2:20 pm

AZTR

GOOG

NUZE

VWE

U.S. stocks traded lower with the Dow Jones dipping around 400 points. Alphabet Inc. (GOOG) posted better-than-expected earnings and sales results for its second quarter. NuZee, Inc. (NUZE) shares shot up 230%, while Azitra, Inc. (AZTR) shares dropped 75% after a public offering announcement. Vintage Wine Estates, Inc. (VWE) announced bankruptcy filing and voluntary delisting.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 2:17 pm

ABBV

AbbVie Inc (NYSE:ABBV) is set to report its Q2 earnings with Wall Street expecting $2.96 EPS and $14 billion in revenues. Investors are keen on the impact of Humira's patent expiry and the performance of its replacements under new CEO Robert A. Michael. The stock shows a bullish trend, trading above key moving averages, with a consensus analyst rating of 'Overweight' and a price target of $173, potentially rising to $203.33.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 2:16 pm

AAPL

AMZN

SPOT

Spotify Technologies S.A. (NYSE:SPOT) reported strong Q2 results with significant revenue growth, improved margins, and increased premium subscribers. However, it still lags behind Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) in offering high-resolution audio. Spotify's turnaround strategy, including cost savings and new offerings, is showing positive results.

Portfolio Pulse from Upwallstreet

July 24, 2024 | 2:11 pm

MAT

Mattel shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:09 pm

APH

Amphenol shares are trading lower after the company reported Q2 financial results. The stock initially traded higher, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:07 pm

ROP

Roper Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results and issued Q3 adjusted EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:06 pm