Streetbeat News

Earnings

CHKP

Check Point Software reported Q2 2024 adjusted EPS of $2.17, beating the estimate of $2.16. Sales were $627.4 million, surpassing the $623.266 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:01 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) reported mixed second-quarter results, with a top-line beat but earnings per share trailing expectations. The stock plunged sharply in after-hours trading. Key concerns include disappointing auto gross margins, lower-than-expected free cash flow, and significant reliance on one-time zero-emission vehicle credit sales. Analysts and investors are questioning Tesla's valuation, with some suggesting the stock is overvalued.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 7:58 am

GE

GM

GOOG

GOOGL

KO

TSLA

US stocks closed lower on Tuesday as investor optimism decreased ahead of big tech earnings. Coca-Cola, GE Aerospace, and General Motors reported better-than-expected Q2 results and raised their guidance. Tesla reported weaker-than-expected earnings but beat sales estimates, while Alphabet reported strong earnings and sales. The CNN Money Fear and Greed index moved to the 'Neutral' zone.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 7:39 am

GEV

GOOGL

IBM

T

TSLA

U.S. stock futures are trading lower this morning. Key stocks to watch include AT&T, Tesla, IBM, Alphabet, and GE Vernova. AT&T and GE Vernova are set to report earnings before the opening bell, while IBM will report after the market closes. Tesla reported weaker-than-expected earnings, and Alphabet announced upbeat earnings and a cash dividend.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 6:56 am

ARKK

TSLA

Elon Musk endorsed ARK Invest's $5 trillion valuation forecast for Tesla, suggesting it may be conservative. He highlighted the potential of Tesla's Optimus humanoid robot, estimating a global demand exceeding 20 billion units. Despite Tesla's Q2 revenue beat, its EPS, operating margins, and free cash flow fell short, leading to a stock decline.

Portfolio Pulse from Kaustubh Bagalkote

July 24, 2024 | 6:47 am

TECK

Teck Resources (NYSE:TECK) reported Q2 2024 adjusted EPS of C$0.79, beating the estimate of C$0.69, but sales of C$3.873 billion missed the estimate of C$4.020 billion. EPS decreased by 35.25% year-over-year, while sales increased by 10.06%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:22 am

TSLA

Tesla Inc. (NASDAQ:TSLA) reiterated its plans to start producing new electric vehicles by 2025, including more affordable models. These vehicles will be produced on existing manufacturing lines to optimize current capacity. CEO Elon Musk refused to share more details, citing potential impacts on near-term sales. Tesla's Q2 earnings fell short of expectations, with a 7.8% drop in after-hours trading.

Portfolio Pulse from Anan Ashraf

July 24, 2024 | 6:16 am

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) reported second-quarter earnings, meeting analyst estimates but falling short on YouTube advertising revenue. Despite this, YouTube's ad revenue grew year-on-year. Alphabet's overall revenue and earnings surpassed expectations, marking the sixth consecutive quarter of outperformance. However, Alphabet's shares declined in after-hours trading.

Portfolio Pulse from Ananya Gairola

July 24, 2024 | 6:14 am

NJDCY

Nidec (OTC:NJDCY) reported Q1 earnings per share of $0.16, beating the analyst estimate of $0.13. Sales were $4.16 billion, also surpassing the $4.05 billion estimate. Despite the beats, EPS decreased by 20% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:13 am

SEOAY

Stora Enso (OTC:SEOAY) reported Q2 earnings per share of $0.07, a significant improvement from a loss of $(0.29) per share YoY. However, sales decreased by 4.25% to $2.48 billion from $2.59 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:59 am