Streetbeat News

Earnings

MEDP

Medpace Holdings Inc (NASDAQ:MEDP) shares fell in after-hours trading following mixed Q2 financial results and a revision of forward guidance. The company reported Q2 revenue of $528.1 million, slightly below estimates, and EPS of $2.75, above estimates. Medpace revised its full-year 2024 revenue forecast downward but raised its earnings outlook. Shares were down 13.08% at $380.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 9:08 pm

CATY

Cathay General (NASDAQ: CATY) reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.94. However, sales were $178.531M, missing the $179.184M estimate and showing a 12.76% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 9:02 pm

VALN

Analysts have provided mixed ratings for Valneva (NASDAQ:VALN) over the past three months, with all eight analysts maintaining a bullish stance. The average 12-month price target remains at $26.00. Valneva's financial performance shows a decline in revenue but strong net margins, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 9:00 pm

NUE

Nucor Corporation (NYSE:NUE) shares are climbing after reporting better-than-expected Q2 earnings and sales. The company posted earnings of $2.68 per share, beating the consensus estimate of $2.35, and sales of $8.08 billion, surpassing the $7.69 billion estimate. Despite a slight decrease in steel mill shipments compared to last year, downstream steel product shipments increased. Nucor expects Q3 earnings to decrease due to lower average selling prices in the steel mills segment.

Portfolio Pulse from Erica Kollmann

July 22, 2024 | 8:59 pm

DKNG

FLUT

An analyst from Bank of America has reiterated a Buy rating on DraftKings (NASDAQ:DKNG) but lowered the price target from $54 to $50, citing potential challenges in Q2 earnings. Despite this, the analyst remains optimistic about DraftKings' performance in the second half of the year, particularly during the NFL season. DraftKings' competitor, FanDuel, is also mentioned as having a larger market share in online sports betting.

Portfolio Pulse from Chris Katje

July 22, 2024 | 8:57 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) reported Q2 earnings with revenue beating estimates but EPS missing by a narrow margin. Despite the miss, the company expects sequential growth in Q3. Shares fell 8.21% following the report.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 8:55 pm

SIM

Grupo Simec (AMEX:SIM) reported Q2 sales of $487.36 million, a 14.86% decrease from $572.45 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:50 pm

AROC

Archrock Inc. (AROC) announced the acquisition of Total Operations and Production Services for $983 million in cash and stock. The transaction is expected to be immediately accretive to EPS and cash available for dividends. The acquisition adds 580,000 horsepower of young assets and expands electric motor drive compression capabilities. A conference call is scheduled for July 23.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:48 pm

NTB

Bank of N.T Butterfield (NYSE:NTB) reported Q2 2024 earnings per share (EPS) of $1.11, beating the analyst estimate of $1.05. Sales were $142.7 million, also surpassing the estimate of $139.522 million. Despite beating estimates, both EPS and sales showed a year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:43 pm

IPAR

Inter Parfums has reaffirmed its 2024 guidance, projecting net sales of $1.45 billion and an EPS of $5.15, aligning closely with market estimates.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:42 pm