Streetbeat News

Earnings

VIRT

Virtu Financial, Inc. (NASDAQ:VIRT) shares surged 18.6% after the company reported better-than-expected Q2 financial results. The company posted adjusted EPS of 83 cents, beating the expected 60 cents, and adjusted net trading income of $385.08 million, surpassing the $331.57 million consensus. Total revenues increased by 36.7% to $693.0 million. Virtu also declared a quarterly cash dividend of $0.24 per share.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:31 pm

KMI

Kinder Morgan (NYSE: KMI) reported Q2 FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion. Despite the miss, the company saw improved performance in its Natural Gas Pipelines, Products Pipelines, and Terminals segments. Adjusted EPS rose 4% Y/Y to $0.25, missing the consensus of $0.26. The project backlog increased to $5.2 billion, with 80% allocated to lower-carbon energy investments. The board approved a cash dividend of $0.2875 per share. KMI shares are up 3.19% at $21.19.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:25 pm

UAL

United Airlines executives have indicated that they expect domestic PRASM (Passenger Revenue per Available Seat Mile) to turn positive in September, as mentioned during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:19 pm

WABC

Westamerica Bancorp (NASDAQ:WABC) reported Q2 2024 GAAP EPS of $1.33, beating the estimate of $1.30. Sales were $74.6M, surpassing the $74.04M estimate but down 7.88% from last year's $80.981M.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:17 pm

BX

LBO

PSP

Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Distributable earnings rose 3% Y/Y to $1.25 billion, while fee-related earnings fell 3% Y/Y. Assets under management increased 7% Y/Y to $1.076 trillion. The company declared a quarterly dividend of $0.82 and repurchased 2.0 million shares. BX shares are up 3.76% following the news.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:14 pm

UAL

United Airlines executives have indicated that there are multiple reasons to expect further reductions in unprofitable flights, which is anticipated to boost their fiscal year earnings.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:13 pm

UAL

United Airlines executives have indicated that based on current industry capacity, the company's full-year earnings are expected to be at the low end of their forecast range of $9-$11 per share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:13 pm

MPC

Marathon Petroleum (NYSE:MPC) has seen unusual options activity with a significant bearish sentiment. Out of 24 trades, 22 were puts valued at $636,902, and 2 were calls valued at $84,825. Analysts have mixed ratings with price targets ranging from $185 to $231.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:01 pm

JNJ

The article provides a comparative analysis of Johnson & Johnson (NYSE: JNJ) against its major competitors in the Pharmaceuticals industry. It highlights JNJ's financial metrics, market position, and growth prospects, indicating potential undervaluation but also challenges in profitability and growth.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:00 pm

LRCX

The article provides a comprehensive analysis of Lam Research (NASDAQ:LRCX) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, and revenue growth are evaluated. Lam Research shows strong performance in ROE, EBITDA, and gross profit but has lower revenue growth compared to the industry average.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:00 pm