Streetbeat News

Earnings

CAT

Caterpillar Inc. (NYSE:CAT) reported better-than-expected Q2 2024 results, with adjusted earnings of $5.99 per share and total sales of $16.69 billion. Despite the positive earnings, sales declined 4% year-over-year due to lower sales volume. The company anticipates a cautious 2024 sales outlook, expecting slightly lower sales and revenues compared to 2023. CAT's stock is trading lower by 1.14% premarket.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 1:26 pm

ESEA

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

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm

BTAI

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

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm

TDG

TransDigm Group shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:25 pm

ZTS

Zoetis shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:25 pm

FUBO

FuboTV Inc (NYSE:FUBO) reported strong Q2 2024 results, with a 25% Y/Y sales growth to $390.97 million, beating analyst estimates. The adjusted EPS loss of $(0.04) also surpassed expectations. The company raised its fiscal 2024 revenue guidance, leading to a 19% premarket stock surge.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 1:25 pm

COSM

Cosmos Health reported FY23 sales of $53.38 million, missing the estimated $63.98 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:23 pm

TRUE

TrueCar shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:22 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading higher following the company's announcement of a significant increase in Bitcoin production and operational hash rate for July. The company produced 692 Bitcoin, up 17% month-over-month, and increased its operational hash rate by 5% to 27.5 EH/s. Marathon is also deploying new technology to improve operations and expects further enhancements by the end of the year. The company holds $242.1 million in cash and $1.587 billion including Bitcoin holdings.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 1:18 pm

HYMC

Hycroft Mining Holding (NASDAQ:HYMC) reported a Q2 EPS of $(0.57), missing the analyst consensus estimate of $(0.51) by 11.76%. This represents an 18.57% improvement over the $(0.70) loss per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:17 pm