Streetbeat News

Earnings

GD

General Dynamics (GD) CEO announced that the company's total revenue for 2024 is expected to increase by $2 billion. However, profit margins are projected to shrink by 30 basis points compared to previous guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:32 pm

AMC

AMC Entertainment has reported preliminary Q2 earnings per share (EPS) of approximately $(0.10), which is better than the estimated $(0.43). The company also reported preliminary revenue of around $1.030 billion, surpassing the estimated $1.018 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:28 pm

AXSM

SAP

TRMD

TT

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' including TORM plc, Trane Technologies, Axsome Therapeutics, and SAP SE. He highlighted TORM's high dividend yield, recommended buying Trane Technologies and SAP, and described Axsome Therapeutics as a high-risk, high-reward stock. Analysts have recently provided ratings and price targets for these companies.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 1:25 pm

OTIS

WBIF

WBIG

Otis Worldwide Corp (NYSE:OTIS) reported a mixed Q2 FY24 with a 3.2% Y/Y sales decline to $3.60 billion, missing the consensus of $3.73 billion. Despite this, adjusted operating profit increased to $613 million, and adjusted EPS beat expectations at $1.06. The company revised its FY24 outlook, lowering net sales but slightly raising EPS. Otis shares are down 4.34% premarket.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 1:24 pm

GOOG

Alphabet Inc (NASDAQ:GOOG) shares are trading lower following its second-quarter earnings results. Despite beating revenue and earnings estimates, multiple analysts adjusted their price targets. Alphabet reported $84.742 billion in revenue and $1.89 EPS, driven by strong performance in Search and Cloud. Analysts have mixed reactions, with some raising and others lowering their price targets.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 1:23 pm

ORAN

Orange reported its Q2 2024 revenue at €9.989 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:22 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower following the company's second-quarter financial results. Despite a revenue increase of 2% year-over-year to $25.5 billion, Tesla missed earnings estimates with adjusted earnings of 52 cents per share. Automotive revenue fell 7% year-over-year, and vehicle production and deliveries were down. Tesla expects slower vehicle growth in 2024. Analysts have adjusted their price targets, and CEO Elon Musk is considering a $5 billion investment in his AI startup xAI.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 1:22 pm

GOOGL

IWM

TSLA

Jim Cramer criticized the sell-off in Tesla and Alphabet shares, emphasizing that both companies are performing well based on their recent conference calls. Tesla is advancing its self-driving technology and Alphabet is increasing its capital spending to stay competitive in AI. Cramer believes the sell-off is driven by market sentiment and a shift from mega-caps to small-caps.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 1:15 pm

CFFN

Capitol Federal Financial (NASDAQ:CFFN) reported Q3 2024 GAAP EPS of $0.07, missing the $0.11 estimate by 36.36%. Sales were $40.324M, missing the $42.469M estimate by 5.05%. Despite the miss, sales increased by 16.04% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:14 pm

PNR

Pentair plc (NYSE:PNR) reported better-than-expected Q2 2024 financial results, leading to an increase in its FY24 adjusted EPS guidance. Analysts have raised their price targets for the stock following the announcement.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 1:13 pm