Streetbeat News

Earnings

GPI

Group 1 Automotive shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:04 pm

TNL

Travel Leisure shares are trading lower after the company reported worse-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:04 pm

MCO

In the last three months, 7 analysts have provided ratings on Moody's (NYSE:MCO), ranging from bullish to indifferent. The average 12-month price target has increased by 6.78% to $436.29. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting dynamic market conditions and company performance. Moody's has shown strong financial health with notable revenue growth, net margin, ROE, and ROA, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:01 pm

BYDDY

F

GM

TSLA

BYD Company (OTC:BYDDY) is poised to surpass Tesla Inc. (NASDAQ:TSLA) in annual electric vehicle sales in 2024 due to growing demand in China, while demand in the U.S. and Europe wanes. Tesla reported its fourth consecutive quarter of disappointing profits and warned of a lower growth rate in 2024. Legacy automakers like General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) may benefit from sustained profits in internal combustion engines and hybrids.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:00 pm

FLEX

Flex Ltd. (NASDAQ:FLEX) shares surged after the company reported better-than-expected Q1 earnings and revenue. The company also announced a CFO transition, with Paul Lundstrom stepping down and Jaime Martinez taking over as Interim CFO. Flex provided optimistic guidance for Q2 and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 1:54 pm

FMX

Fomento Economico (NYSE:FMX) reported Q2 2024 earnings of $1.93 per share, significantly beating the analyst estimate of $1.17. The company also reported sales of $11.539 billion, surpassing the $11.115 billion estimate. This represents a 2.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:52 pm

FMX

Fomento Economico (NYSE:FMX) reported Q2 sales of $11.54 billion, surpassing the analyst estimate of $11.12 billion by 3.77%. This marks a 2.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:51 pm

LUMN

MSFT

Microsoft's AI assistant, Copilot, is under scrutiny as the company prepares to report its earnings. Early adopters like Ernst & Young and Lumen Technologies have had mixed experiences with the tool, which aims to automate tasks and enhance productivity. Despite its current limitations, Microsoft remains optimistic about Copilot's potential, though widespread adoption and significant financial impact are not expected until 2025.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 1:47 pm

IP

International Paper Co (NYSE:IP) reported Q2 FY24 sales growth of 1.1% to $4.73 billion, missing analyst estimates of $4.78 billion. Despite this, adjusted EPS of $0.55 beat expectations of $0.41. The company faces rising selling and administrative expenses and expects near-term challenges. Shares traded lower by 0.50%.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 1:43 pm

GM

General Motors (NYSE:GM) reported a $210 million loss in its joint venture with China's SAIC General Motors Corporation for the first half of the year. Despite efforts to restructure, GM CEO Mary Barra indicated that the rest of the year will remain challenging. However, GM's overall fiscal second-quarter sales grew by 7.2% year-on-year, beating analyst estimates.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 1:35 pm