Streetbeat News

Earnings

ZIM

ZIM Integrated Shipping Services has increased its 2024 guidance, now expecting adjusted EBITDA of $2.6 billion to $3 billion, up from the prior range of $1.15 billion to $1.55 billion.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:08 am

ASPN

AU

UAMY

Three materials sector stocks, Aspen Aerogels Inc (ASPN), Anglogold Ashanti PLC (AU), and United States Antimony Corporation (UAMY), are showing overbought signals with high RSI values, indicating potential short-term price declines. Despite recent gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 11:07 am

CRGO

Freightos (NASDAQ:CRGO) reported a Q2 2024 adjusted EPS of $(0.05), beating the analyst consensus estimate of $(0.10) by 50%. This represents a 50% improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:05 am

ZIM

ZIM Integrated Shipping (NYSE:ZIM) reported Q2 2024 earnings per share (EPS) of $3.08, significantly beating the analyst estimate of $1.66. The company also reported sales of $1.933 billion, surpassing the estimate of $1.799 billion. This marks a substantial improvement from the same period last year, with EPS increasing by 272.07% and sales by 47.56%.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:04 am

CRGO

Freightos (NASDAQ:CRGO) reported Q2 sales of $5.66 million, surpassing the analyst consensus estimate of $5.52 million by 2.57%.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:03 am

EL

Estée Lauder Companies (EL) has released its Q1 fiscal 2025 outlook, projecting a decrease in both reported and organic net sales by 5% to 3% compared to the prior year. Adjusted diluted net earnings per share are expected to range between $0.01 and $0.09, significantly below the $0.66 estimate. The company also anticipates restructuring charges between $54 million to $59 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:56 am

GLD

SPY

USO

UUP

On August 16th, U.S. stock markets closed higher with the S&P 500 and Nasdaq achieving their seventh consecutive session of gains. Positive economic indicators and optimism about potential Federal Reserve rate cuts lifted investor sentiment. Most S&P 500 sectors closed higher, led by financials, tech, and utilities. Asian markets showed mixed results, with Japan's Nikkei 225 closing lower while other major indices in the region rose. European markets opened in the green, and commodities saw varied movements with gold hitting a new high. The U.S. dollar weakened amid expectations of dovish signals from the Federal Reserve.

Portfolio Pulse from Akanksha Bakshi

August 19, 2024 | 10:54 am

CRGO

Freightos has acquired Luxembourg-based Shipsta for €4.5M in cash and 640,000 Freightos shares. This acquisition enhances Freightos' capabilities in freight digitization and is expected to contribute significantly to its revenue and market position.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:54 am

EL

Estée Lauder Companies (EL) has provided its fiscal year 2025 outlook, projecting adjusted EPS between $2.78 and $2.98, which is below the $4.02 estimate. The company forecasts reported and organic net sales to range from a decrease of 1% to an increase of 2%. Restructuring charges are expected to impact earnings.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:54 am

EL

Estee Lauder Cos (NYSE:EL) reported Q4 2024 adjusted EPS of $0.64, significantly beating the analyst estimate of $0.27. The company also reported sales of $3.871 billion, surpassing the $3.830 billion estimate and marking a 7.26% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:49 am