Streetbeat News

Earnings

LMT

Lockheed Martin reported its Q2 2024 results, with adjusted EPS of $7.11 beating the $6.46 estimate and sales of $18.1 billion surpassing the $17.044 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:21 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) shares are down after the company reported mixed Q2 results and issued soft guidance for Q3. Revenue slightly beat estimates, but earnings missed. The company expects Q3 revenue and earnings to be below analyst expectations.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 1:16 pm

ADMA

CAVA

CRM

OUST

PINS

SU

VRT

Jim Cramer provided stock recommendations on CNBC's 'Mad Money Lightning Round.' He advised holding Salesforce (CRM), taking profits on ADMA Biologics (ADMA) and Ouster (OUST), holding Vertiv Holdings (VRT) and Suncor Energy (SU), and buying Pinterest (PINS) aggressively. Recent analyst ratings and upcoming earnings reports were also highlighted.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:16 pm

GE

GE Aerospace has revised its FY24 outlook, now expecting revenue growth in the high single digits, down from the previously anticipated low double digits. However, the company has raised its adjusted EPS guidance to $3.95-$4.20, up from the prior $3.80-$4.05, compared to the $4.08 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:13 pm

F

GM

Ford Motor Co (NYSE:F) shares rose premarket in sympathy with General Motors Co (NYSE:GM), which reported strong Q2 earnings and raised its 2024 guidance. GM's revenue and earnings beat analyst estimates, leading to a 4.5% increase in its stock. Ford is set to report its Q2 results after the market close on Wednesday.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 1:12 pm

HTLD

Heartland Express (NASDAQ:HTLD) reported Q2 EPS of $(0.04), meeting analyst estimates but reflecting a 140% decrease from last year. Sales were $274.75M, missing estimates by 0.14% and down 10.26% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:09 pm

DAL

IBKR

IYH

SMIN

Delta Air Lines, Interactive Brokers, and iShares ETFs were highlighted on CNBC's 'Final Trades.' Delta Air Lines faced a 3.5% drop due to flight cancellations and a cyber outage, despite beating sales estimates. Interactive Brokers saw a 1.4% gain after strong earnings. iShares U.S. Healthcare ETF and iShares MSCI India Small-Cap ETF also saw gains.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:08 pm

MOH

Molina Healthcare is set to acquire ConnectiCare for $350 million, expanding its government managed care presence into Connecticut. The acquisition is expected to add $1.00 per share to earnings and represents 25% of 2024 premium revenue.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:02 pm

NVR

NVR (NYSE:NVR) reported Q2 earnings per share (EPS) of $120.69, missing the analyst estimate of $121.21 by 0.43%. However, the company beat sales estimates with $2.61 billion, a 3.98% increase over the expected $2.51 billion. Year-over-year, EPS increased by 3.56% and sales by 11.63%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:02 pm

CDNS

Over the past three months, 7 analysts have evaluated Cadence Design Systems (NASDAQ:CDNS), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $334.57. Despite a recent revenue decline, Cadence maintains strong financial metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 1:01 pm