Streetbeat News

Earnings

ADM

Archer-Daniels Midland (NYSE:ADM) reported Q2 2024 earnings of $1.03 per share, missing the analyst estimate of $1.22 by 15.57%. Sales were $22.248 billion, also below the $23.177 billion estimate. Both earnings and sales showed significant declines from the same period last year.

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July 30, 2024 | 11:02 am

SOFI

SoFi Techs (NASDAQ:SOFI) reported Q2 2024 GAAP EPS of $0.01, meeting analyst expectations. The company achieved sales of $599.00 million, surpassing the $564.59 million estimate by 6.09%, and marking a 22.54% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

NEOG

Neogen Corporation reported its Q4 2024 financial results, with adjusted EPS of $0.10 missing the $0.12 estimate, but sales of $236.794 million beating the $225.837 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

CECO

CECO Environmental (NASDAQ:CECO) reported Q2 2024 adjusted EPS of $0.20, beating the analyst estimate of $0.16. However, sales of $137.5 million missed the $143.324 million estimate, though they increased by 6.44% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

AMT

American Tower (NYSE:AMT) reported Q2 2024 earnings per share of $2.79, surpassing the analyst estimate of $2.53 by 10.28%. The company also reported sales of $2.9 billion, beating the estimate of $2.823 billion by 2.74%. This represents a 4.62% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

PG

Procter & Gamble (P&G) has provided its fiscal year 2024 and 2025 outlook. For FY24, P&G expects revenue between $85.72B and $87.40B and adjusted EPS between $6.91 and $7.05. For FY25, P&G anticipates all-in sales growth of 2-4%, organic sales growth of 3-5%, and diluted net EPS growth of 10-12%. The company also expects a $500 million headwind from commodity costs and foreign exchange, and plans to pay $10 billion in dividends and repurchase $6-7 billion in shares.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

AEP

American Electric Power (NASDAQ:AEP) reported Q2 2024 adjusted EPS of $1.25, beating the estimate of $1.23. However, sales of $4.600 billion missed the estimate of $4.739 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:00 am

PG

Procter & Gamble shares are trading lower following a Q4 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:00 am

XYL

Xylem has revised its FY24 revenue guidance to $8.55 billion, representing a 16% increase, with organic revenue growth of 5% to 6%. This is an improvement from the previous guidance of 15% to 16% on a reported basis and 4% to 6% on an organic basis.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:59 am

XYL

Xylem has increased its FY24 adjusted EPS guidance from a range of $4.10 - $4.25 to $4.18 - $4.28, with an estimated EPS of $4.22.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:57 am