Streetbeat News

Earnings

DB

Deutsche Bank shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:36 am

NEE

NextEra Energy (NYSE:NEE) reported Q2 2024 earnings of $0.96 per share, missing the analyst estimate of $0.98. Sales were $6.069 billion, also missing the $7.470 billion estimate. Despite the misses, EPS increased by 9.09% year-over-year, while sales decreased by 17.42%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:36 am

TMO

Thermo Fisher Scientific shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:35 am

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q2 2024 earnings of $0.03 per share, missing the analyst estimate of $0.04. Sales were $14.807 million, also below the $15.090 million estimate. Both earnings and sales showed significant declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:34 am

FTV

Fortive Corporation has provided its financial guidance for fiscal year 2024, projecting adjusted EPS between $3.80 and $3.86, slightly below the consensus estimate of $3.81. The company also expects revenue to be in the range of $6.25 billion to $6.30 billion, which is lower than the estimated $6.37 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:32 am

FTV

Fortive (NYSE: FTV) reported Q2 2024 adjusted EPS of $0.93, beating the analyst estimate of $0.92. However, sales of $1.552 billion missed the $1.570 billion estimate. Sales increased by 1.73% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:30 am

EQNR

GINX

NDIV

Equinor ASA (NYSE:EQNR) reported mixed Q2 FY24 results, with a 12% Y/Y increase in adjusted revenue to $25.54 billion, surpassing expectations. Despite a slight miss on adjusted EPS ($0.84 vs. $0.85 consensus), the company saw a 3% Y/Y rise in total equity liquids and gas production. Renewables output surged 90% Y/Y. The board declared a $0.35 ordinary and $0.35 extraordinary dividend and launched a $1.6 billion share buyback program. Equinor's stock is up 0.84% premarket.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 11:25 am

BPOP

Popular (NASDAQ:BPOP) reported Q2 2024 GAAP EPS of $2.46, beating the $2.10 estimate by 17.14%. However, sales of $568.312M missed the $588.296M estimate by 3.40%. EPS increased by 17.14% YoY, while sales grew by 6.89% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:13 am

RCI

Rogers Communication has reaffirmed its 2024 outlook, projecting total service revenue growth of 8%-10% and adjusted EBITDA growth of 12%-15%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:10 am

TDY

Teledyne Technologies has provided guidance for Q3 and FY24 adjusted EPS, which are slightly below market estimates. The company expects Q3 adjusted EPS to be between $4.90 and $5.00, compared to the $5.00 estimate. For FY24, the company projects adjusted EPS in the range of $19.25 to $19.45, versus the $19.38 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:09 am