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Earnings

DIS

NFLX

WBD

Netflix's Q2 results show strong growth in advertising and global subscribers, with revenue and earnings surpassing estimates. The company gained 8.05 million net paid customers, reaching nearly 278 million subscribers. Netflix's Q3 revenue guidance is below Wall Street's estimates, but it increased its full-year revenue guidance. The company is focusing on monetizing its ad inventory and using AI to enhance content discovery.

Portfolio Pulse from Upwallstreet

July 23, 2024 | 11:33 am

DCOM

Dime Community Bancshares (NASDAQ:DCOM) reported Q2 2024 earnings per share (EPS) of $0.37, missing the analyst estimate of $0.38. However, the company reported sales of $87.310 million, beating the estimate of $73.449 million.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:32 am

HCA

HCA Healthcare shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:32 am

LMT

Lockheed Martin has provided its financial outlook for FY24, projecting net sales between $70.5 billion and $71.5 billion, which is below the estimated $72.4 billion. The company also expects diluted EPS to be in the range of $26.10 to $26.60, falling short of the $27.96 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:31 am

HCA

HCA Healthcare reported Q2 2024 adjusted EPS of $5.50, beating the $4.88 estimate, and sales of $17.492 billion, surpassing the $17.046 billion estimate. This represents a 10.28% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:31 am

KNSA

Kiniksa Pharmaceuticals reported its Q2 2024 financial results with a GAAP EPS of $(0.06), which was in line with expectations. The company achieved sales of $108.631 million, surpassing the estimated $92.313 million.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:31 am

LMT

Lockheed Martin (NYSE:LMT) reported Q2 2024 adjusted EPS of $6.85, beating the $6.46 estimate. Sales were $18.10 billion, surpassing the $17.04 billion estimate and marking an 8.43% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:30 am

SPOT

Spotify Technology SA (NYSE:SPOT) reported a 20% year-on-year revenue growth for Q2 2024, reaching $4.099 billion, though it missed the analyst consensus estimate of $4.170 billion. EPS of $1.43 beat the estimate of $1.15. Premium revenue grew 21% year-over-year, driven by subscriber additions and ARPU increases. Total MAUs rose 14% to 626 million, with Premium subscribers at 246 million. Gross margin improved to 29.2%, and the company held 5.4 billion euros in cash. Spotify expects Q3 revenue of $4.31 billion, below the consensus of $4.37 billion. SPOT shares traded higher by 13.10% premarket.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 11:24 am

CMCSA

Comcast shares are trading higher following Q2 earnings.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:12 am

SHW

Sherwin-Williams shares are trading higher after the company raised its 2024 guidance.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 11:11 am