Streetbeat News

Earnings

MAT

Mattel, Inc. (NASDAQ:MAT) reported mixed Q2 results with an EPS beat but a sales miss. The company achieved significant gross margin expansion and reiterated its full-year 2024 guidance. Despite a 7.71% drop during regular trading, shares are up 1.39% after-hours.

Portfolio Pulse from Erica Kollmann

July 23, 2024 | 9:06 pm

ROIC

Retail Opportunity Investments (ROIC) has adjusted its FY24 FFO per share forecast from a range of $1.03 - $1.09 to $1.04 - $1.07, with an estimate of $1.05.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:00 pm

USNA

USANA Health Sciences has updated its FY24 net sales outlook from $850M - $920M to $850M - $880M, and its EPS outlook from $2.40 - $3.00 to $2.40 - $2.55. The revised estimates are below market expectations.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:56 pm

STX

Seagate Technology reported strong Q4 earnings, beating both revenue and EPS estimates. The company also provided strong guidance for Q1, driving shares up 6.467% in after-hours trading.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 8:53 pm

FTAI

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

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:51 pm

WFRD

Weatherford International (NASDAQ:WFRD) reported Q2 earnings of $1.66 per share, missing the analyst estimate of $1.74. Sales were $1.41 billion, slightly below the $1.42 billion estimate. Despite the misses, earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:47 pm

PLTR

Deep-pocketed investors are showing a bullish sentiment towards Palantir Technologies (NYSE:PLTR) with significant options activity. Benzinga's options scanner highlighted 29 extraordinary options activities, with 68% of the trades being bullish. The predicted price range for PLTR is between $15.0 and $40.0. The stock is currently trading at $28.85, up 1.37%, but RSI indicators suggest it may be overbought. An analyst from Mizuho downgraded the stock to Underperform with a price target of $22.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 8:46 pm

STX

WDC

Western Digital shares are trading higher in possible sympathy with Seagate Technologies after Seagate reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:45 pm

V

Visa, Inc. (NYSE:V) reported its Q3 financial results, with earnings per share meeting expectations but revenue slightly missing estimates. Despite a 9.57% increase in sales year-over-year, shares dipped 2% after-hours. Key metrics showed growth in payments volume, cross-border volume, and processed transactions. Visa also repurchased 17.2 million shares and declared a quarterly dividend.

Portfolio Pulse from Erica Kollmann

July 23, 2024 | 8:44 pm

AXR

AMREP Corporation (NYSE:AXR) reported a significant drop in net income for FY24, with EPS of $1.25 compared to $4.11 YoY. Revenue increased slightly to $51.369M from $48.676M YoY. The previous year's results included a substantial non-cash income tax benefit and pension settlement expenses.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:43 pm