Streetbeat News

Earnings

MDLZ

Mondelez shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its dividend.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:33 pm

GK

PKB

TT

Trane Technologies (NYSE:TT) reported strong Q2 results, surpassing revenue and EPS expectations, and raised its FY24 guidance. Revenues grew 13% Y/Y to $5.31 billion, and bookings increased 19% Y/Y to $5.34 billion. The company also reported a significant backlog and plans to maintain a competitive dividend while deploying excess cash to shareholders. Investors can gain exposure via Invesco Building & Construction ETF (NYSE:PKB) and AdvisorShares Gerber Kawasaki ETF (NYSE:GK).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 4:30 pm

PINS

Pinterest shares dropped significantly despite reporting positive Q2 results. Analysts provided mixed ratings and lowered price targets due to disappointing guidance and concerns about future growth sustainability.

Portfolio Pulse from Priya Nigam

July 31, 2024 | 4:29 pm

HCM

HUTCHMED shares are trading higher following the release of their H1 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:27 pm

SMG

Scotts Miracle-Gro Company (NYSE: SMG) reported a 28% YoY drop in Q3 net sales for its cannabis-focused subsidiary, Hawthorne Gardening Company, largely due to the discontinuation of its third-party distributed brands business. Despite this, Hawthorne achieved its first profitable quarter since Q3 2022. Overall, Scotts Miracle-Gro saw a 7% increase in total company sales and reaffirmed its fiscal 2024 outlook, except for Hawthorne's net sales, which are expected to be 35-40% lower than the prior year.

Portfolio Pulse from Jelena Martinovic

July 31, 2024 | 4:27 pm

SLGN

Sligan Holdings shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:23 pm

CNHI

CNH Industrial N.V. shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:22 pm

GIB

CGI shares are trading higher following better-than-expected Q3 financial results and the announcement of the acquisition of Aeyon.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:22 pm

KHC

The Kraft Heinz Company shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:21 pm

MCK

Investors have shown significant interest in McKesson (NYSE:MCK) options, with a mix of bullish and bearish trades. The stock is currently trading at $617.82, up by 1.33%, and is considered overbought. Analysts have given it a consensus target price of $674.67. The anticipated earnings release is in 7 days.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 4:16 pm