Streetbeat News

Earnings

OVLY

Oak Valley (NASDAQ:OVLY) reported a significant decline in its Q2 earnings and sales compared to the same period last year. EPS dropped by 30.39% to $0.71, and sales decreased by 9.54% to $19.05 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:31 am

GOOG

GOOGL

NFLX

Netflix Inc. (NASDAQ:NFLX) is targeting a larger share of the TV market and views Alphabet Inc.'s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube as both a competitor and a partner. Netflix's co-CEO Ted Sarandos highlighted that Netflix and YouTube together account for about 50% of all TV streaming in the U.S. Netflix aims to capture the remaining 80% of TV time. The company reported a successful second quarter with $9.56 billion in revenue, surpassing estimates, and has discontinued its most affordable ad-free subscription plan in the U.S. and France.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 5:44 am

EEFT

Euronet Worldwide expects its 2024 adjusted EPS to grow by 10-15% year-over-year, consistent with its historical growth rates. This outlook does not account for potential changes in foreign exchange rates, interest rates, or other unforeseen factors.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:19 am

EEFT

Euronet Worldwide (NASDAQ:EEFT) reported Q2 2024 earnings of $2.25 per share, missing the analyst estimate of $2.26. Sales were $986.2 million, below the $1.007 billion estimate. Despite missing estimates, earnings and sales increased year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:16 am

AXP

HAL

NFLX

PPG

SLB

U.S. stock futures are trading higher this morning. Key stocks to watch include American Express, Netflix, Schlumberger, PPG Industries, and Halliburton. American Express and Halliburton are expected to report earnings before the market opens. Netflix posted better-than-expected Q2 results but saw a slight decline in after-hours trading. PPG Industries reported mixed results and cut its guidance, leading to a drop in its share price.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:02 am

AXP

American Express (NYSE: AXP) is expected to report higher Q2 earnings, with analysts forecasting $3.25 per share and $16.59 billion in revenue. Recent analyst ratings include Neutral and Overweight, with price targets ranging from $250 to $285. The company declared a quarterly dividend on its preferred shares.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 4:28 am

NFLX

Gene Munster from Deepwater Asset Management highlighted that Netflix's (NASDAQ:NFLX) earnings call took 27 minutes to mention 'generative AI,' indicating that AI is not central to Netflix's business model. Despite this, Netflix reported strong Q2 revenue of $9.56 billion, beating estimates, and projected Q3 revenue of $9.73 billion.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 4:26 am

AAPL

LPL

TSM

Top analyst Ming-Chi Kuo has cast doubt on the anticipated surge in Apple Inc.’s (NASDAQ:AAPL) upcoming iPhone 16 sales. Kuo noted that Apple has not ramped up its iPhone 16 orders, and suppliers TSMC and Largan have not reported an increase in unit growth. Kuo estimates iPhone 16 orders for the second half of 2024 to be around 87 million units, lower than the 91 million iPhone 15 units ordered in 2023. He also expressed skepticism about the new Apple Intelligence feature driving significant sales.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 3:28 am

DPZ

LLY

NFLX

PLTR

TSLA

On Thursday, major U.S. stock indices were down, but several stocks were on investors' radars. Palantir saw a rise due to positive analyst sentiment, Netflix dipped despite strong financial results, Domino's Pizza fell sharply after mixed quarterly results, Eli Lilly dropped due to potential weakness from competitor data, and Tesla saw a slight increase despite political concerns.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 2:00 am

NFLX

Netflix Inc. (NASDAQ:NFLX) has discontinued its lowest-priced ad-free subscription plan in the US and France. Existing subscribers will need to choose a new plan. This decision follows Netflix's strong Q2 earnings report, which showed a 16.8% YoY revenue increase and a rise in ad-supported memberships.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 1:17 am