Streetbeat News

Earnings

MRAM

Everspin Technologies (NASDAQ:MRAM) has announced the departure of CFO Anuj Aggarwal and the appointment of Matthew Tenorio as Interim CFO, effective July 18, 2024. The company has reiterated its Q2 2024 guidance and is searching for a permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:07 pm

NFLX

Netflix shares are trading lower after the company announced that it expects Q3 2024 paid net additions to be lower than Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:07 pm

ISRG

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

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:07 pm

PPG

PPG Industries (NYSE:PPG) reported Q2 2024 adjusted EPS of $2.50, beating the estimate of $2.48, but sales of $4.794 billion missed the $4.924 billion estimate. EPS increased by 11.11% year-over-year, while sales decreased by 1.60%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:06 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) reported Q2 earnings of $1.78 per share, beating the analyst estimate of $1.54. Sales were $2.01 billion, surpassing the $1.97 billion estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:05 pm

NFLX

Netflix reported a 16.5% year-over-year increase in global streaming paid memberships for Q2.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:04 pm

MRTN

Marten Transport (NASDAQ:MRTN) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.11 by 9.09%. The company also reported sales of $246.2 million, missing the estimate of $249.11 million by 1.17%. Despite the misses, sales increased by 25.85% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:04 pm

BRK

JPM

XLF

The financial sector looks favorable after a strong earnings report from JPMorgan Chase, according to market strategist Jay Woods. JPMorgan and Berkshire Hathaway are leading the sector, with the SPDR Select Fund – Financial also showing strong performance. Woods suggests that financials could continue to perform well, especially if Donald Trump returns to the White House.

Portfolio Pulse from Chris Katje

July 18, 2024 | 8:04 pm

NFLX

Netflix reported Q3 revenue of $9.727 billion, slightly below the estimated $9.82 billion. However, the company exceeded earnings per share (EPS) expectations with $5.10 compared to the estimated $4.74.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:03 pm

NFLX

Netflix shares are trading lower following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:02 pm