Streetbeat News

Earnings

JMSB

John Marshall Bancorp (NASDAQ:JMSB) reported Q2 earnings per share of $0.27, a 15.62% decrease from $0.32 in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:12 pm

GLW

HON

KMI

TFC

CNBC's 'Halftime Report Final Trades' featured insights on Honeywell, Corning, Kinder Morgan, and Truist Financial. Honeywell is set to release its Q2 earnings, with expectations of higher EPS and revenue. Corning increased its Q2 sales guidance, while Kinder Morgan reported lower-than-expected revenue but maintained a high yield. Truist Financial beat earnings and revenue estimates.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 1:11 pm

MA

V

Mastercard shares are trading lower in possible sympathy with Visa, which reported lower-than-expected Q3 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:05 pm

LW

Lamb Weston shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY25 EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:02 pm

V

Visa, Inc. (NYSE:V) reported weaker-than-expected sales for its third quarter, with earnings per share meeting but sales slightly missing analyst estimates. Despite strong growth in payments volume, cross-border volume, and processed transactions, Visa shares fell 1.1%. Analysts from Piper Sandler and Morgan Stanley lowered their price targets while maintaining an Overweight rating.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 1:01 pm

FLEX

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

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:58 pm

COMP

LAND

MORT

OPEN

OPI

SVC

VNQ

XHB

Mortgage rates have hit their lowest point since February 2024, driven by investor expectations of upcoming Fed rate cuts. Despite this, mortgage demand remains inconsistent, with a recent decline in mortgage applications. The Vanguard Real Estate ETF (VNQ) remained flat, while the SPDR Homebuilders ETF (XHB) fell 0.5% and the VanEck Mortgage REIT Income ETF (MORT) rose 0.5%. Several real estate stocks, including Gladstone Land Corporation (LAND) and Compass, Inc. (COMP), saw significant declines in premarket trading.

Portfolio Pulse from Piero Cingari

July 24, 2024 | 12:57 pm

STX

Seagate Technology Holdings PLC (NASDAQ:STX) reported better-than-expected Q4 earnings and issued strong Q1 guidance. Analysts have raised their price targets following the announcement.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 12:57 pm

GEV

GE Vernova Inc. (NYSE:GEV) reported Q2 2024 revenue growth of 1% YoY to $8.204 billion, missing the consensus of $8.259 billion. Despite strong performance in Electrification and Power, Wind orders lagged due to a large order cancellation. EPS improved significantly to $4.65 from $(0.55) a year ago. The company raised its full-year 2024 guidance.

Portfolio Pulse from Akanksha Bakshi

July 24, 2024 | 12:56 pm

FTAI

FTAI Aviation shares are trading higher after the company reported better-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:53 pm