Streetbeat News

Earnings

SLB

Schlumberger N.V. (NYSE:SLB) reported a strong Q2 2024 with a 13% YoY revenue increase to $9.139 billion, beating expectations. The company saw significant international growth, particularly in the Middle East & Asia, and strong performance in its digital and core businesses. Adjusted EPS rose 18% YoY to $0.85, and the company declared a quarterly dividend of $0.275 per share. SLB also repurchased 9.9 million shares for $465 million and aims to return $3.0 billion to shareholders in 2024.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 1:47 pm

AXP

American Express shares are trading lower after the company reported worse-than-expected Q2 sales results. The stock initially traded higher, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:46 pm

MAPS

WM Technology (NASDAQ: MAPS) reported a 4.5% decline in sales year-over-year and quarter-over-quarter in Q1 2024. Despite this, the company achieved a 21.6% EBITDA margin and generated $10 million in EBITDA for the quarter. Analyst Pablo Zuanic sees potential for significant upside if the company aligns with the cannabis industry's growth. MAPS is currently trading at a lower valuation compared to its tech sector peers. The stock could benefit from cannabis rescheduling news and tech stock re-ratings.

Portfolio Pulse from Nicolás Jose Rodriguez

July 19, 2024 | 1:46 pm

SLB

Schlumberger CEO Olivier Le Peuch expects FY adjusted EBITDA growth in a range of 14%-15% and full year adjusted EBITDA margins at or above 25%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:44 pm

IAK

KBWP

TRV

Travelers Companies (NYSE:TRV) reported strong Q2 earnings with core income per share of $2.51, beating the $1.98 consensus forecast. Revenue grew 12% Y/Y to $11.283 billion, missing the $11.341 billion consensus. The company saw significant growth in net written premiums across its Business, Bond & Specialty, and Personal Insurance segments. Despite higher catastrophe losses, improved underwriting gains and higher net investment income contributed to the positive results. TRV shares are trading higher, and the stock has gained around 29% in the last 12 months. Investors can also gain exposure via Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and IShares U.S. Insurance ETF (NYSE:IAK).

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:34 pm

MCBS

MetroCity Bankshares (NASDAQ:MCBS) reported Q2 earnings per share (EPS) of $0.66, surpassing the analyst consensus estimate of $0.59 by 11.86%. This marks a 29.41% increase from the $0.51 EPS reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:32 pm

SIFY

Sify Technologies Limited (NASDAQ:SIFY) had to defer its Q1 earnings call due to technical issues on the teleconference vendor platform. The company will announce a new date for the earnings call as soon as the issues are resolved.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:25 pm

HAL

Halliburton announced that its fourth quarter will be the highest international quarter, as stated during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

BMI

Badger Meter shares are trading lower following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

VZ

Verizon Communications Inc (NYSE:VZ) is showing a strong bullish trend ahead of its Q2 earnings report, with Wall Street expecting $1.15 EPS and $33 billion in revenues. The stock is trading above key moving averages and indicators suggest continued upward momentum. Analysts have an Outperform rating with a price target of $45.21 to $46.17.

Portfolio Pulse from Surbhi Jain

July 19, 2024 | 1:18 pm