Streetbeat News

Earnings

MSFT

Microsoft has restructured its reporting segments and revised its guidance. The company will now report Microsoft 365 commercial components under the Productivity and Business Processes segment, and has made several other reporting changes. Microsoft has also updated its Q1 revenue guidance for its segments, with a notable decrease in expected revenue for the Intelligent Cloud and Personal Computing segments.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 1:46 pm

BIDU

Baidu shares are experiencing a decline following the company's report of a year-over-year decrease in Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:45 pm

A

MGRO

TINY

Agilent Technologies reported better-than-expected Q3 results, with revenue of $1.58 billion and adjusted EPS of $1.32, surpassing estimates. Despite a 5.6% revenue decline, strategic investments are paying off. Agilent forecasts improved revenue and EPS for Q4 and FY24. Shares rose 1.88% following the announcement.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 1:44 pm

ZM

Zoom Video Communications shares are experiencing an upward trend due to strong Q2 financial results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:43 pm

BTCUSD

DOGEUSD

ETHUSD

SCHW

SNOW

Snowflake's stock fell 8% after Q2 earnings, with the CEO downplaying a cyberattack's impact. The Fed's signal of a rate cut led to a rise in Bitcoin, Ethereum, and Dogecoin. Nvidia's earnings are a focal point for the market, while Charles Schwab shares dropped over 4% after TD Bank reduced its stake.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 1:32 pm

BILI

Bilibili shares rose following the release of its Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:30 pm

HOV

Hovnanian Enterprises has raised its fiscal year 2024 outlook, increasing revenue expectations to $2.90B-$3.05B and EPS to $29-$31. The company anticipates significant growth in book value per share by October 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:29 pm

SNOW

Snowflake Inc (NYSE:SNOW) reported strong Q2 results with revenue and EPS beating estimates. Despite this, analysts lowered price targets, and the stock fell 9.55%. The company announced a $2.5 billion share repurchase program extension and raised full-year revenue expectations.

Portfolio Pulse from Adam Eckert

August 22, 2024 | 1:21 pm

HOV

Hovnanian Enterprises reported a significant increase in Q3 earnings per share (EPS) and sales compared to the same period last year. EPS rose by 32.11% to $9.75, while sales increased by 11.19% to $722.70 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:19 pm

PTON

Peloton executives have indicated that subscriber growth is unlikely in fiscal 2025, as discussed in a recent conference call. This could impact investor sentiment and stock performance.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:18 pm