Streetbeat News

Earnings

NFLX

Netflix Inc (NASDAQ:NFLX) announced plans to release a new game to subscribers every month starting in July 2024. The company aims to expand its gaming portfolio, with over 80 games in development, focusing on interactive narrative games based on popular Netflix IP. This strategy was revealed during the latest earnings call, where co-CEO Gregory K. Peters highlighted the potential of the gaming market and Netflix's engagement growth targets.

Portfolio Pulse from Franca Quarneti

July 23, 2024 | 10:10 pm

BLX

Banco Latinoamericano (NYSE:BLX) reported a significant increase in its Q2 earnings and sales. The company's GAAP EPS rose to $1.36 from $1.02 YoY, and sales increased to $75.00M from $57.40M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:08 pm

TSBK

Timberland Bancorp reported its Q3 earnings per share (EPS) of $0.74, down from $0.77 last year. Revenue also declined by 4% to $18.77 million from $19.51 million in the prior year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:49 pm

LVMHF

META

Bernard Arnault's fortune is set to decline significantly as LVMH (OTCPK: LVMHF) missed earnings expectations, causing a nearly 5% drop in its shares. This could allow Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg to move closer to Arnault's position as the third-richest person in the world. LVMH reported revenue of $44.64 billion, falling short of estimates by 1.4%, and earnings per share of $16.01, below the anticipated $16.365. The luxury sector shows signs of vulnerability, with declines in the Wines & Spirits and Watches & Jewelry divisions, although the Perfumes & Cosmetics division saw growth.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 9:38 pm

BUSE

First Busey (NASDAQ:BUSE) reported Q2 adjusted EPS of $0.50, beating the $0.49 estimate, but sales of $116.23M missed the $116.35M estimate. EPS decreased by 3.85% YoY, while sales increased by 8.95% YoY.

Portfolio Pulse from saritha@benzinga.com

July 23, 2024 | 9:33 pm

TRMK

Trustmark (NASDAQ:TRMK) reported Q2 2024 adjusted earnings per share (EPS) of $0.66, beating the analyst consensus estimate of $0.62 by 6.45%. However, this represents a 1.49% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:24 pm

FCF

First Commonwealth (NYSE:FCF) reported Q2 2024 adjusted EPS of $0.36, beating the $0.35 estimate. Sales were $120.508M, surpassing the $118.431M estimate. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:15 pm

CCL

NCLH

RCL

Bank of America analysts are optimistic about the cruise line industry, raising price targets for Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) due to strong fundamentals and insulation from airline industry challenges. Carnival Corp. (CCL) also reported solid results recently.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 9:15 pm

MYFW

First Western Financial (NASDAQ:MYFW) reported Q2 2024 earnings of $0.11 per share, missing the analyst estimate of $0.32 by 65.63%. Sales were $22.75M, missing the $24.2M estimate by 5.99%. Earnings decreased by 31.25% YoY, while sales increased by 1.58% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:14 pm

VBTX

Veritex Holdings (NASDAQ:VBTX) reported Q2 2024 earnings of $0.52 per share, missing the analyst estimate of $0.53. Sales were $106.814 million, also below the $108.392 million estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:08 pm