Streetbeat News

Earnings

HCA

HCA Healthcare executives expect current volume trends to continue throughout 2024, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:19 pm

BOH

Bank of Hawaii Corporation (NYSE:BOH) reported better-than-expected Q2 earnings, with adjusted earnings per share of 86 cents, matching market estimates. Quarterly sales were slightly below expectations at $156.933 million. The company saw strong financial results, with exceptional credit quality and a slight increase in net interest margin. Analysts from Keefe, Bruyette & Woods and Piper Sandler raised their price targets for BOH following the earnings report.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 2:15 pm

ADIL

ATPC

AZTR

GM

JAGX

RNAZ

XCUR

US stocks edged higher with the Nasdaq Composite gaining 0.2%. General Motors reported better-than-expected Q2 earnings and raised its guidance. Azitra, Adial Pharmaceuticals, and Agape ATP saw significant stock price increases, while Jaguar Health, TransCode Therapeutics, and Exicure experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 2:15 pm

THFF

First Financial (NASDAQ:THFF) reported Q2 earnings per share of $0.96, beating the analyst estimate of $0.95. However, this represents a 27.82% decrease from the $1.33 per share reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:09 pm

EBMT

Eagle Bancorp Montana (NASDAQ:EBMT) reported Q2 earnings per share (EPS) of $0.22, missing the analyst estimate of $0.29 by 24.14%. However, the company reported sales of $15.63 million, beating the estimate of $15.33 million by 1.97%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:08 pm

ARM

Recent options activity for ARM Holdings (NASDAQ:ARM) shows a bearish stance among major investors, with 52% of trades being bearish. The trading volume and open interest suggest a focus on a price range between $100 and $180. ARM Holdings' stock is currently trading at $162.92, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $169 to $190.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:02 pm

MELI

Wealthy investors have taken a bullish stance on MercadoLibre (NASDAQ:MELI), as evidenced by recent options trades tracked by Benzinga. The sentiment is split with 37% bullish and 25% bearish. Significant options trades include 6 calls and 2 puts, targeting a price range of $1520.0 to $1690.0. MercadoLibre's stock is currently trading at $1694.95, up by 0.45%, with the next earnings report due in 13 days.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:02 pm

FMAT

SHW

XLB

Sherwin-Williams (NYSE: SHW) reported strong Q2 FY24 results with adjusted EPS of $3.70, beating expectations, and a slight revenue increase to $6.27 billion, though missing analyst estimates. The company raised its 2024 EPS guidance and expects low-single-digit sales growth. SHW shares rose 4.20% following the news.

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 2:00 pm

DHR

Danaher Corp (NYSE:DHR) reported a 3% year-over-year decrease in Q2 sales to $5.743 billion, beating the consensus estimate of $5.59 billion. Adjusted EPS was $1.72, surpassing the expected $1.57. The company highlighted positive momentum in its bioprocessing business and strong performance at Cepheid. Despite a decline in biotechnology and life sciences sales, diagnostic sales increased. Danaher maintained its guidance for fiscal year 2024, expecting a low-single-digit decline in non-GAAP core revenue and a 29% operating margin. DHR stock rose 7.20% to $268.96 following the announcement.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 1:59 pm

IQV

IQVIA Holdings Inc (NASDAQ:IQV) reported better-than-expected Q2 earnings, with adjusted EPS of $2.64 beating the consensus of $2.57 and sales of $3.81 billion surpassing the consensus of $3.79 billion. Analysts have raised their price targets for IQVIA following the strong performance.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:51 pm