Streetbeat News

Earnings

CCTG

CCSC Technology (NASDAQ:CCTG) reported a significant decline in both earnings per share (EPS) and sales for FY24. EPS dropped by 40.91% to $0.13 from $0.22 YoY, while sales fell by 39.00% to $14.70 million from $24.10 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:39 pm

CDNS

Cadence Design Systems (NASDAQ: CDNS) reported Q2 earnings of $1.28 per share, beating estimates by 4.92%. Quarterly sales were $1.061 billion, an 8.64% increase year-over-year. The company has a $6 billion backlog and expects Q3 earnings between $1.39 and $1.49 per share, below the $1.60 estimate. Fiscal year 2024 earnings are projected between $5.77 and $5.97 per share. CDNS shares are down 1.04% after-hours.

Portfolio Pulse from Erica Kollmann

July 22, 2024 | 8:39 pm

IPAR

Inter Parfums (NASDAQ:IPAR) reported Q2 sales of $342 million, surpassing the analyst consensus estimate of $337.711 million by 1.27%. This marks a 10.59% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:38 pm

CALX

Calix shares are trading lower after the company reported worse-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:38 pm

NUE

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

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:38 pm

NUE

Nucor Corporation expects its Q3 2024 earnings to decrease compared to Q2 2024, driven by lower average selling prices in its steel mills, steel products, and raw materials segments.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:35 pm

FEIM

Frequency Electronics shares are trading higher following Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:35 pm

PRK

Park National Corporation (AMEX:PRK) reported Q2 earnings of $2.42 per share, surpassing the analyst consensus estimate of $2.00 by 21%. This marks a 24.74% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:34 pm

CADE

Cadence Bank (NYSE:CADE) reported Q2 earnings of $0.69 per share, beating the analyst estimate of $0.61 by 13.11%. Sales were $456.98M, surpassing the $442.65M estimate. Earnings increased by 7.81% year-over-year, while sales decreased by 1.90%.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:33 pm

HSTM

HealthStream (NASDAQ:HSTM) reported Q2 2024 adjusted EPS of $0.16, beating the estimate of $0.12 by 33.33%. However, sales of $71.556 million missed the estimate of $72.851 million by 1.78%, though they increased by 3.41% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:33 pm