Streetbeat News

Earnings

AMD

NVDA

AMD shares surged over 9% in premarket trading after reporting strong Q2 results and positive revenue guidance, driven by record data center revenue. This positive sentiment also lifted Nvidia shares by 5.40%.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 9:07 am

UMC

United Microelectronics (UMC) expects Q3 wafer shipments to grow by mid single digit percentage and firm average selling price quarter-over-quarter.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:05 am

UMC

United Microelectronics (UMC) reported Q2 2024 GAAP EPADS of $0.17, beating the estimate of $0.15. However, sales were $1.750 billion, missing the estimate of $1.762 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:03 am

AMD

MSFT

NVDA

Microsoft Corp. (NASDAQ:MSFT) announced a special one-time bonus for employees after beating Q4 earnings estimates. The bonus, ranging from 10% to 25% of the regular annual bonus, aims to retain talent in the competitive AI market. Despite the positive earnings report, Microsoft's stock fell 0.89% on Tuesday and 2.72% in after-hours trading.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 8:52 am

GSK

GSK has revised its 2024 financial outlook, expecting turnover growth of 7%-9%, core operating profit growth of 11%-13%, and core EPS growth of 10%-12%. These figures are higher than the previous estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:49 am

GSK

GSK reported its Q2 2024 results, with adjusted EPS of $1.10 beating the $0.99 estimate and sales of $9.947 billion surpassing the $9.661 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:47 am

AMZN

GOOGL

MSFT

NVDA

TSM

Microsoft's Q4 results showed a slight miss in cloud revenue, leading to a modest sell-off in shares. Analysts remain bullish on the company's AI prospects and future growth in Azure revenue. The miss in Azure's growth rate, now matching Google's, suggests competition with Amazon's AWS. Increased capex is seen as a long-term positive.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 8:39 am

UXIN

Uxin Limited expects Q1 2024 revenue to be between RMB390 million and RMB410 million, with stable gross profit margins. The company projects retail transaction volume of around 4,000 units and wholesale transaction volume of around 1,500 units.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:35 am

UXIN

Uxin reported Q4 sales of $44.20 million, a decrease from $50.06 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:33 am

TSLA

Tesla's senior associate for regulatory credits, Ashlee Ramanathan, has left the company after helping realize $890 million in revenue from regulatory credits in Q2. This revenue source was crucial as Tesla's car sales revenue dipped. Tesla has $4.9 billion in unsatisfied contracts for regulatory credits, with $459 million expected to be recognized in the next 12 months.

Portfolio Pulse from Anan Ashraf

July 31, 2024 | 7:23 am