Streetbeat News

Earnings

REBN

Reborn Coffee (NASDAQ:REBN) reported a quarterly loss of $(0.60) per share, a 6.25% improvement from $(0.64) per share last year. Sales increased by 35.29% to $1.52 million from $1.12 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:37 pm

ITB

PHM

PKB

PulteGroup, Inc. (NYSE:PHM) reported strong Q2 FY24 results with revenue of $4.60 billion, beating expectations. Home sale revenues rose 10% Y/Y, and GAAP EPS of 3.83 surpassed the consensus of 3.26. Despite a decline in net new orders, the dollar value of these orders increased. The company repurchased 2.8 million shares and announced a CFO transition. Investors can gain exposure via IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 12:33 pm

FDS

FactSet has appointed Helen Shan as the new CFO, effective immediately, while reaffirming its full-year fiscal 2024 guidance. Goran Skoko will take on the role of Chief Revenue Officer.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:32 pm

GATX

GATX (NYSE:GATX) reported Q2 earnings of $1.43 per share, missing the analyst estimate of $1.77 by 19.21%. However, sales of $386.70M beat the estimate of $385.45M. Earnings decreased by 17.34% YoY, while sales increased by 12.67% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:32 pm

ACI

Albertsons Companies (NYSE: ACI) reported Q1 earnings of $0.66 per share, missing the analyst estimate of $0.67. However, sales were $24.27 billion, beating the estimate of $24.14 billion. Earnings decreased by 29.03% year-over-year, while sales increased by 0.89%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:31 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q2 earnings report, with analysts expecting an increase in earnings per share and revenue compared to the previous year. The company has also decided to abandon its plan to eliminate cookies in its Chrome browser. Alphabet's current dividend yield is 0.44%, and investors would need to own a significant number of shares to generate substantial monthly dividend income.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 12:27 pm

GM

General Motors (NYSE: GM) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. Despite challenges in EV adoption and the Chinese market, GM raised its annual outlook. The company is pausing production of its Cruise Origin autonomous vehicle and expects higher commodity costs in the second half of the year.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 12:25 pm

KO

Coca-Cola (NYSE:KO) reported better-than-expected Q2 FY24 earnings, with a 3% YoY sales growth to $12.4 billion, beating the $11.753 billion consensus estimate. The company raised its FY24 revenue and EPS growth outlooks, leading to a 1.65% premarket share price increase.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 12:23 pm

KNSA

Kiniksa Pharmaceuticals shares are trading higher after the company reported better-than-expected Q2 sales results and raised its FY24 net product revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:13 pm

DHR

TMO

Thermo Fisher shares are trading higher in possible sympathy with Danaher, which reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:13 pm