Streetbeat News

Earnings

VRT

Vertiv Holdings has raised its outlook for FY24 adjusted EPS to a range of $2.47 to $2.53, up from the previous range of $2.29 to $2.35. This is higher than the estimated $2.39.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:01 am

TMO

Thermo Fisher Scientific (NYSE:TMO) reported Q2 2024 adjusted EPS of $5.37, beating the estimate of $5.12. Sales were $10.540 billion, slightly above the $10.511 billion estimate but down 1.38% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:00 am

VRT

Vertiv Holdings has raised its FY24 revenue guidance to a range of $7.59 billion to $7.74 billion, up from the previous range of $7.54 billion to $7.69 billion. The new guidance is slightly above the market estimate of $7.69 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:59 am

VRT

Vertiv Holdings (NYSE:VRT) reported Q2 2024 adjusted EPS of $0.67, beating the $0.57 estimate. Sales were $1.953 billion, surpassing the $1.939 billion estimate and marking a 12.63% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:57 am

V

Visa Inc. (NYSE:V) shares fell over 3% in pre-market trading after the company slightly missed Q3 revenue estimates. Despite the miss, Visa reported strong growth in payment volume, cross-border volume, and processed transactions.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 9:53 am

ALLE

Allegion has raised its FY24 adjusted EPS outlook to a range of $7.15 to $7.30, surpassing the previous estimate of $7.11.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:34 am

ALLE

Allegion (NYSE: ALLE) reported Q2 earnings of $1.96 per share, beating the analyst estimate of $1.84. Sales were $965.60 million, surpassing the $953.55 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:31 am

ALLR

ATCH

ATIP

AZTR

CJET

CONN

DRMA

EFSH

ENG

ENPH

NIVF

NUZE

PMNT

RGC

SFL

SOAR

STX

TSLA

UP

VSTM

Enphase Energy shares rose 6.2% in pre-market trading despite missing Q2 revenue and earnings estimates. Other notable pre-market movers include Dermata Therapeutics, NuZee, Regencell Bioscience, Allarity Therapeutics, NewGenIvf Group, Perfect Moment, ENGlobal Corporation, 1847 Holdings, and Seagate Technology among gainers, while Azitra, Conn’s, Verastem, ATI Physical Therapy, Volato Group, Chijet Motor, AtlasClear Holdings, Wheels Up Experience, SFL Corporation, and Tesla saw declines.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 9:27 am

GOOG

GOOGL

META

Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) reported strong Q2 earnings and revenue, but concerns over higher AI-related CapEx and mixed key metrics, including YouTube ad revenue, led to a stock decline. Fund manager Gene Munster emphasized the importance of AI investments to avoid future risks.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 9:22 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q2 earnings of $9.80 per share, beating the $9.36 estimate but down 16.45% from last year. Sales were $4.70B, slightly missing the $4.71B estimate but up 3.01% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:11 am