Streetbeat News

Earnings

ITRN

Ituran Location and Control (ITRN) has reiterated its expectations for continued revenue and profit growth for FY24, projecting the addition of 35,000 to 40,000 new subscribers per quarter. The company expects full-year 2024 EBITDA to be between $90-95 million and aims to surpass $100 million in 2025, assuming stable exchange rates and no significant deterioration in global macro-economic or political conditions.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:46 am

ITRN

Ituran Location & Control reported Q2 2024 GAAP EPS of $0.66, beating the estimate of $0.60. However, sales were $84.869 million, missing the estimate of $86.100 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:42 am

AMD

EL

MU

NVDA

PANW

QQQ

SPY

WMT

US stocks are set to start the week on a flat note with a focus on upcoming Fed speeches and the Democratic National Convention. The S&P 500 and Nasdaq Composite are on a seven-session winning streak. Chip stocks, including Micron Technology, Nvidia, and AMD, weakened in premarket trading. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed minor movements. Analysts suggest strong gains if the S&P 500 extends its winning streak to eight sessions. Estée Lauder and Palo Alto Networks are set to release quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 19, 2024 | 10:38 am

AULT

Ault Alliance reported a Q2 EPS of $(1.08), down from $(1.00) year-over-year, and sales of $28.40 million, down from $47.41 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:35 am

IYG

MA

XLF

Mastercard plans to cut about 1,000 jobs, representing 3% of its global workforce, to realign regions and businesses for growth. Despite the layoffs, Mastercard recently reported strong Q2 earnings, beating analyst expectations. Shares are trading lower premarket.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 10:16 am

LDWY

Lendway reported a Q2 EPS of $(0.42), a significant decline from $(0.02) year-over-year, with sales of $16.78 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:14 am

TNXP

Tonix Pharmaceuticals reported a Q2 2024 GAAP EPS of $(19.28), significantly missing the $(3.27) estimate. Sales were $2.208 million, also missing the $3.500 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:06 am

PLTR

Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp linked the rise of former President Donald Trump to the actions of Silicon Valley, citing the detachment of tech moguls from the average American and their support for policies that exempt them from bearing the costs. Karp's comments come as Palantir's stock surged following strong Q2 earnings and a new partnership with Microsoft Corp to enhance data analytics and AI services for the U.S. Defense and Intelligence Community.

Portfolio Pulse from Benzinga Neuro

August 19, 2024 | 9:19 am

EL

Estée Lauder (NYSE:EL) is set to release its Q4 earnings on Aug. 19, with analysts expecting a significant increase in EPS and revenue. However, several analysts have recently downgraded the stock and lowered their price targets.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 8:04 am

ABIO

EL

FN

PANW

ZIM

U.S. stock futures are trading lower this Monday morning. Key stocks to watch include Estée Lauder (EL), ZIM Integrated Shipping (ZIM), ARCA Biopharma (ABIO), Fabrinet (FN), and Palo Alto Networks (PANW). Estée Lauder and ZIM Integrated Shipping are set to release earnings before the market opens, while Fabrinet and Palo Alto Networks will report after the closing bell. ARCA Biopharma announced a special dividend.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 7:47 am