Streetbeat News

Earnings

HAYW

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

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:04 pm

ADM

ADM CEO Luciano stated that ADM's AG Services and Oilseeds unit is in a 'transition' year due to rebalancing global supplies and demand. The unit's forecast is heavily dependent on Q4 performance, with more visibility expected as more business is directed into Q4.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:55 pm

PG

P&G's CFO indicated that the Middle East situation remains challenging, impacting Western retailers. The first half of fiscal 2025 is expected to mirror Q4 of fiscal 2024. P&G's premium baby care business is performing well in North America. If consumer conditions worsen, P&G expects increased demand for hand dishwashing and paper products.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:54 pm

ITW

Illinois Tool Works Inc. (NYSE: ITW) reported mixed Q2 2024 results, with revenue of $4.027 billion missing the consensus of $4.08 billion, but GAAP EPS of $2.54 beating the consensus of $2.47. The company revised its full-year GAAP EPS guidance to $10.30-$10.40 from $10.30-$10.70. ITW shares traded lower by 0.08% following the announcement.

Portfolio Pulse from Akanksha Bakshi

July 30, 2024 | 1:51 pm

LLY

Whales are showing a bullish stance on Eli Lilly and Co (NYSE:LLY) with significant options trading activity. The stock is currently trading at $813.75, up by 0.74%. Analysts have given it strong ratings with price targets ranging from $885 to $1025. The next earnings report is due in 9 days.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 1:45 pm

ADM

ADM reports ongoing demand issues in North America for its Carbohydrate Solutions segment but expects the Decatur East plant to resume operations in Q4.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:42 pm

ADM

ADM expects a significant decrease in FY24 operating profit for its Services & Oilseeds segment compared to the prior year. The Carbohydrate Solutions segment is expected to see a slight decrease in Q3 operating profit. However, the Nutrition segment is projected to have higher Q3 and FY24 operating profits.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:41 pm

ADM

Archer-Daniels-Midlands (ADM) expects a lower Q3 operating profit for its AG Services and Oilseeds segment compared to last year, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:30 pm

AEP

DIVZ

XLU

American Electric Power (AEP) reported mixed Q2 2024 results with revenue missing estimates but adjusted EPS beating expectations. The company announced job cuts and maintained its FY24 guidance. AEP also appointed a new CEO and plans significant future investments in energy resources.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 1:28 pm

MCD

McDonald's Corp (NYSE:MCD) reported worse-than-expected Q2 FY24 results, with sales and EPS missing analyst estimates. Global and U.S. comparable sales also declined. Despite this, McDonald's shares rose 3.7%. Analysts have lowered their price targets but maintained positive ratings.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 1:26 pm