Streetbeat News

Earnings

PII

Polaris (NYSE:PII) reported Q2 2024 earnings per share of $1.38, missing the analyst estimate of $2.23 by 38.12%. Sales were $1.961 billion, also missing the estimate of $2.180 billion by 10.04%. Both earnings and sales showed significant declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:04 am

UPS

United Parcel Service (UPS) reported Q2 2024 earnings of $1.79 per share, missing the analyst estimate of $1.99. Sales were $21.820 billion, also below the $22.183 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:04 am

AMZN

V

Visa Inc. (NYSE:V) is expected to report higher Q3 earnings, with analysts forecasting $2.42 per share and $8.92 billion in revenue. The company recently partnered with Amazon (NASDAQ:AMZN) to offer flexible payment options in Canada. Analysts have revised their ratings and price targets for Visa ahead of the earnings call.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 10:03 am

DJT

Trump Media & Technology Group (NASDAQ:DJT) stock is trading lower on Tuesday, continuing its downward trend despite President Joe Biden's withdrawal from the 2024 Presidential race. The stock had surged 13% last week due to favorable news about Donald Trump. However, concerns arise as the stock's high valuation is closely tied to Trump's popularity, and the expiration of lockup agreements on September 25 may lead to a sell-off. The upcoming second-quarter earnings report in August will be crucial.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 9:53 am

AMD

INTC

NVDA

NXPI

NXP Semiconductor shares dropped 7.7% in pre-market trading due to a lower-than-expected Q3 revenue forecast, driven by a slowdown in automotive demand and geopolitical tensions. The company expects Q3 revenue between $3.15 billion and $3.35 billion, below estimates of $3.35 billion. Other chip stocks like Nvidia, AMD, and Intel also traded lower in the pre-market.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 9:53 am

SAP

SAP shares are trading higher after the company reported Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:51 am

NXPI

NXP Semiconductors shares are trading lower following mixed Q2 earnings and soft Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:50 am

FEIM

MIRA

NMHI

RNAZ

SAP

SOAR

SAP SE (NYSE:SAP) shares rose 5.9% in pre-market trading despite missing earnings and sales estimates for Q2. Other notable pre-market movers include Nature’s Miracle Holding Inc. (NASDAQ:NMHI), Volato Group, Inc. (NYSE:SOAR), and Frequency Electronics, Inc. (NASDAQ:FEIM) among gainers, and TransCode Therapeutics, Inc. (NASDAQ:RNAZ) and MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) among losers.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 9:29 am

KB

KB Financial reported a Q2 profit attributable to controlling interests of WON1,710.8 billion, marking a 65.1% increase quarter-over-quarter. Net interest income also rose by 1.7% QoQ to WON3,206.2 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:14 am

JCI

Johnson Controls (JCI) is divesting its residential and light commercial HVAC businesses to Bosch in a deal valued at $8.1 billion. This move is part of JCI's strategy to become a pure-play provider of comprehensive solutions for commercial buildings. JCI's portion of the consideration is approximately $6.7 billion. The transaction includes the North America Ducted business and a global residential joint venture with Hitachi, where JCI owns 60%. Hitachi will retain certain ductless HVAC assets in Japan.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:06 am