Streetbeat News

Earnings

FRAF

Franklin Financial Services (NASDAQ:FRAF) reported a Q2 EPS of $0.66, down 2.94% from $0.68 YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:24 pm

TXN

Texas Instruments Inc. (NASDAQ:TXN) shares rose after the company reported better-than-expected Q2 earnings and provided strong forward guidance. The company reported earnings of $1.22 per share, beating the consensus estimate of $1.17, and quarterly sales of $3.82 billion, in line with expectations. Despite declines in industrial and automotive revenues, other markets grew. The company expects Q3 revenue between $3.94 billion and $4.26 billion, above the current estimate of $3.82 billion.

Portfolio Pulse from Erica Kollmann

July 23, 2024 | 8:24 pm

PMT

PennyMac Mortgage (NYSE:PMT) reported Q2 2024 earnings of $0.17 per share, missing the analyst estimate of $0.34 by 50%. Sales were $71.198M, missing the $91.210M estimate by 21.94%. Despite a 6.25% increase in EPS from last year, sales decreased by 21.29%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:23 pm

PFSI

PennyMac Financial Services (NYSE:PFSI) reported Q2 sales of $406.127 million, missing the analyst consensus estimate of $466.567 million by 12.95%. Despite the miss, sales increased by 20.67% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:23 pm

APAM

Artisan Partners Asset (NYSE: APAM) reported Q2 2024 adjusted EPS of $0.82, missing the $0.84 estimate. Sales were $270.80M, below the $274.35M estimate but up 11.49% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:21 pm

CB

Chubb (NYSE:CB) reported Q2 2024 adjusted EPS of $5.38, beating the $5.15 estimate. Sales were $11.780 billion, surpassing the $11.642 billion estimate and marking a 10.29% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:21 pm

ROIC

Retail Opportunity (NASDAQ:ROIC) reported Q2 2024 GAAP EPS of $0.25, meeting analyst expectations, and sales of $83.320M, beating estimates by 2.78%. EPS decreased by 7.41% year-over-year, while sales increased by 1.56%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:21 pm

ORRF

Orrstown Financial Services (NASDAQ: ORRF) reported Q2 earnings of $0.83 per share, beating the analyst estimate of $0.73. Sales were $26.10 million, slightly above the $25.97 million estimate. Despite beating estimates, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:20 pm

WNEB

Western New England (NASDAQ:WNEB) reported Q2 earnings per share (EPS) of $0.17, surpassing the analyst consensus estimate of $0.11 by 54.55%. This represents a 30.77% increase from the same period last year, where EPS was $0.13.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:19 pm

GOOG

Alphabet Inc (NASDAQ:GOOG) reported strong Q2 earnings, beating both revenue and EPS estimates. Revenue was $84.742 billion, driven by growth in Search and Cloud. The company announced a 20-cent dividend and highlighted ongoing AI innovation.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 8:18 pm