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EPD

Enterprise Products Partners L.P. (NYSE:EPD) reported Q2 fiscal 2024 results with sales growth of 26.6% YoY to $13.48 billion, missing the consensus of $14.27 billion. EPS was 64 cents, missing the consensus of 65 cents. The company announced an expansion of the Houston Ship Channel facility, increasing propane and butane export capacity by 300,000 BPD, expected to begin by the end of 2026. EPD shares are trading lower by 1.36% at $29.30.

Portfolio Pulse from Akanksha Bakshi

July 30, 2024 | 3:56 pm

BA

EADSY

Airbus announced plans to ramp up production of its A220 aircraft to 14 units per month by 2026. The company reported a Q2 net income of €230 million, significantly below the estimated €566 million, and an adjusted EPS of €0.29.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:51 pm

BA

EADSY

Airbus has updated its 2024 guidance, projecting around 770 commercial aircraft deliveries, an adjusted EBIT of approximately €5.5 billion, and free cash flow before customer financing of around €3.5 billion. For Q2, Airbus reported revenues of €5,995 billion, missing the estimate of €15.82 billion, but its adjusted EBIT of €814 million exceeded the estimate of €699 million. The company aims to maintain a monthly production rate of 4 A330s in 2024 and increase the rate for A350s to 12 by 2028.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:50 pm

TSE

Trinseo (TSE) has announced a price increase for its latex binders in the Asia Pacific region, effective August 1st. The prices of styrene butadiene, styrene acrylic, and all acrylic latex products will increase by $100/mt for all indexed and non-indexed customers, as contracts allow.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:40 pm

AMZN

The FDA issued a warning letter to Amazon.com on July 25 regarding the distribution of products that violate the FD&C Act. The letter specifically concerns potent chemical peel products available for purchase and use by consumers on Amazon.com.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:39 pm

WMT

The FDA issued a warning letter to Walmart on July 25 regarding the distribution of 'Skin Beauty Solutions Lactic Acid Skin Peel 90%' which violates the FD&C Act.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:37 pm

SAVE

Spirit Airlines (NYSE:SAVE) shares are trading higher after the company introduced new premium offerings and a U.S. appeals court blocked a rule requiring airlines to disclose fees upfront. The new travel packages include various options such as snacks, reduced baggage fees, and Wi-Fi service. Spirit's stock is currently trading below its 50-day moving average, and 19.11% of shares are being sold short.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 3:35 pm

NSC

SPY

The Justice Department has filed a lawsuit against Norfolk Southern to prevent delays in Amtrak passenger train services. This legal action aims to address and mitigate the disruptions caused by Norfolk Southern's operations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:31 pm

AAPL

AMZN

DIS

NFLX

Amazon is challenging Netflix by offering cheaper ad slots on its Prime Video platform, which could generate over $5 billion in high-margin advertising revenue. This move has forced competitors to lower their prices. Amazon and Netflix each hold a 22% share of the U.S. SVOD market.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 3:09 pm

PFE

Pfizer has significantly strengthened its contracting position for its RSV vaccine, Abrysvo, with changes set to take effect in August.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:06 pm