Streetbeat News

Earnings

SYY

Sysco shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and announced a $1 billion share repurchase program for fiscal 2025.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:36 pm

IART

Integra LifeSciences (NASDAQ:IART) reported better-than-expected Q2 earnings but lowered its FY24 guidance. Analysts have subsequently downgraded their ratings and reduced price targets for the stock.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 3:36 pm

PINS

Pinterest Inc (NYSE:PINS) shares are trading higher as investors anticipate the company's second-quarter earnings report. Analysts expect EPS of 28 cents on revenue of $847.8 million. RBC analyst Brad Erickson reaffirmed an Outperform rating with a $52 price target, citing strong potential for monetization improvements and a partnership with Amazon.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 3:29 pm

SYM

Symbotic Inc. (NASDAQ:SYM) reported weaker-than-expected third-quarter earnings and issued lower fourth-quarter revenue guidance. Despite record revenue, the company missed earnings estimates and saw its shares drop by 21.1%. Analysts have lowered their price targets but maintained Buy ratings.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 3:26 pm

CRAK

IEO

PSX

Phillips 66 (NYSE: PSX) reported strong Q2 FY24 results, surpassing revenue and EPS estimates. The company achieved $38.911 billion in revenue and $2.31 in adjusted EPS, both exceeding consensus estimates. Key segments showed improved pre-tax income, and the company maintained high operational efficiency. Phillips 66 also reported strong cash flow and significant share repurchases and dividends. The stock gained 4.9% following the announcement. Investors can gain exposure through IShares U.S. Oil & Gas Exploration & Production ETF (BATS: IEO) and VanEck Oil Refiners ETF (NYSE: CRAK).

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 3:26 pm

XYL

Xylem shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:17 pm

AMD

MRK

MSFT

PYPL

Merck beats Q2 revenue and EPS estimates but falls on guidance cut. PayPal rises on strong earnings. Microsoft and AMD to report earnings after market close.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:16 pm

ADM

Archer-Daniels-Midland (NYSE:ADM) shares dropped after the company reported Q2 earnings per share of $1.03, missing the analyst consensus of $1.22. Quarterly sales also missed expectations, coming in at $22.248 billion versus the expected $23.177 billion. Despite the miss, CEO Juan Luciano expressed optimism about margin improvements for the rest of the year. ADM reaffirmed its FY24 adjusted EPS guidance of $5.25 – $6.25.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 3:16 pm

LRCX

Deep-pocketed investors are showing significant interest in Lam Research (NASDAQ:LRCX) through options trading, with a notable split between bullish and bearish sentiments. The options activity suggests a price window of $810 to $1180. Currently, LRCX is trading at $886.61, down by 0.64%, with an anticipated earnings release in one day.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:01 pm

AMD

The article provides a detailed comparison of Advanced Micro Devices (AMD) with its competitors in the Semiconductors & Semiconductor Equipment industry. It highlights AMD's high P/E ratio, low P/B and P/S ratios, and weaker financial performance in terms of ROE, EBITDA, gross profit, and revenue growth. However, AMD has a favorable debt-to-equity ratio compared to its top peers.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:00 pm