Streetbeat News

Earnings

ESI

Element Solutions (NYSE:ESI) reported Q2 earnings of $0.36 per share, beating the analyst estimate of $0.35. Sales were $612.70 million, surpassing the $606.98 million estimate. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:16 pm

ESI

Element Solutions has increased its FY24 adjusted EBITDA expectation to a range of $530M-$545M and expects FY24 free cash flow to be between $280M-$300M.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:15 pm

UAN

CVR Partners (NYSE:UAN) reported a significant decline in Q2 earnings and sales compared to the same period last year. EPS dropped by 56.18% to $2.48, and sales decreased by 27.38% to $132.90 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:14 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) is set to report its Q3 earnings, with analysts expecting revenue of $9.24 billion and EPS of 93 cents. The company has missed revenue estimates in the last two quarters. Activist investor Elliott Management's stake and potential influence on the company's strategy are key points of interest. Analysts have mixed ratings, with several lowering their price targets. Starbucks is seeing a boost from the return-to-office trend, particularly in big cities.

Portfolio Pulse from Chris Katje

July 29, 2024 | 9:14 pm

CVI

CVR Energy reported that its Q2 earnings results were negatively impacted by lower refining margins.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:13 pm

FLS

Flowserve shares are trading lower following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:13 pm

FLS

Flowserve has raised its FY24 EPS guidance from $2.50-$2.70 to $2.60-$2.75, compared to the $2.65 estimate. The company also reaffirmed its FY24 revenue guidance of 4%-6%.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:12 pm

CVI

CVR Energy (NYSE:CVI) reported Q2 2024 earnings of $0.09 per share, significantly beating the analyst estimate of $(0.22). Sales were $1.967 billion, also surpassing the $1.796 billion estimate. Despite these beats, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:11 pm

WWD

Woodward shares are trading lower after the company reported mixed Q3 financial results and lowered its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:10 pm

FLS

Flowserve (NYSE:FLS) reported strong Q2 earnings, with adjusted EPS of $0.73 beating estimates by 15.87% and sales of $1.16 billion surpassing expectations by 2.38%. Both metrics showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:10 pm