Streetbeat News

Earnings

GSK

GSK reported Q2 sales of $9.95 billion, beating analyst estimates but missing expectations in vaccine sales. The company cut its annual vaccine revenue guidance but raised its overall revenue and EPS growth forecasts for 2024. GSK's stock fell 2.44% following the announcement.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 3:27 pm

VRSK

Verisk Analytics shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:22 pm

META

Meta Platforms Inc (NASDAQ:META) is in the spotlight ahead of its Q2 earnings report, expected to show earnings of $4.73 per share and revenue of $38.311 billion. The company has exceeded analyst estimates for five consecutive quarters. Analysts have mixed ratings, with price targets ranging from $500 to $575. AI performance and monetization strategy will be key focus areas.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 3:22 pm

UTHR

United Therapeutics shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:20 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported downbeat fiscal third-quarter sales, with mixed analyst reactions. Despite the challenges, including lower-than-expected same-store sales growth and a tough market in China, several analysts maintained positive ratings and price targets. The company is exploring strategic partnerships in China to address these issues.

Portfolio Pulse from Priya Nigam

July 31, 2024 | 3:20 pm

BWA

BorgWarner Inc (NYSE:BWA) shares are trading higher after reporting better-than-expected Q2 FY24 adjusted EPS and securing new contracts. Despite a 2% YoY sales decline to $3.603 billion, the company beat EPS estimates with $1.19 against the expected $1.01. BorgWarner also updated its FY24 sales and EPS guidance and announced a $300 million share repurchase plan.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 3:18 pm

COUR

GOOG

LVS

TSLA

This week in investing, key highlights include Coursera's strong earnings and AI course enrollment, Las Vegas Sands' misunderstood earnings, and the continued decline of the Magnificent 7 tech stocks. Coursera's stock surged 45% due to better-than-expected earnings and AI course growth. Las Vegas Sands faced a temporary decline due to room renovations but showed strong performance in Macau and Singapore. Alphabet and Tesla reported disappointing earnings, contributing to the tech sector's decline. The GDP and PCE reports suggest continued inflation, casting doubt on the likelihood of a September rate cut.

Portfolio Pulse from Gary Brode

July 31, 2024 | 3:18 pm

UNM

Unum Group shares are trading higher after reporting better-than-expected Q2 adjusted EPS results and raising its FY24 after-tax adjusted operating income per share growth guidance. JP Morgan maintained an Overweight rating and raised its price target from $64 to $65.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:16 pm

AMAT

AMD

Applied Materials (AMAT) stock is up 5.3% to $207.23, driven by strong earnings from Advanced Micro Devices (AMD) and potential exemptions from new export restrictions on chip equipment to China. This suggests increased demand for AMAT's semiconductor manufacturing equipment.

Portfolio Pulse from Henry Khederian

July 31, 2024 | 3:11 pm

QRVO

Qorvo shares are trading lower following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:08 pm