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F

Ford Motor Company (NYSE:F) reported Q2 earnings with a revenue beat but an EPS miss. Revenue was $47.8 billion, up 6% YoY, beating the $44 billion estimate. EPS was 47 cents, missing the 68 cents estimate. Ford Blue and Ford Pro segments showed growth, while Ford Model e saw a 37% decline in revenue. The company reiterated its full-year EBIT guidance and plans to increase production capacity for Super Duty trucks.

Portfolio Pulse from Chris Katje

July 24, 2024 | 8:29 pm

NOW

ServiceNow has announced a strategic investment in telecommunications services partner Prodapt. This investment aims to enhance digital business transformation through AI-enabled solutions, improved go-to-market capabilities, and expanded Now Platform skills. The terms of the investment were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:26 pm

BMRN

The U.S. FDA has approved BioMarin Pharmaceutical Inc.'s (NASDAQ:BMRN) supplemental Biologics License Application for BRINEURA to treat children of all ages with CLN2 disease, regardless of symptom presence. This expands the previous indication which was limited to symptomatic children aged 3 years and older.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:25 pm

AAL

CRWD

JETS

LUV

MSFT

American Airlines and Southwest Airlines are set to report their Q2 earnings on Thursday, with a focus on the impact of the recent Microsoft outage. The outage, caused by an update from CrowdStrike, disrupted airline operations significantly. Analysts have mixed expectations for both airlines, with American Airlines expected to report lower earnings compared to last year, while Southwest is anticipated to show slight revenue growth. The airline sector has faced challenges, but domestic air travel has been strong. Recent analyst ratings and stock performance indicate struggles for both airlines.

Portfolio Pulse from Chris Katje

July 24, 2024 | 8:25 pm

NOW

ServiceNow and Boomi are collaborating to enhance customer experiences through AI-powered self-service solutions. ServiceNow will integrate Boomi's API Management capabilities with its Automation Engine to provide complete visibility and enhanced governance across a user's API landscape.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:24 pm

BLND

Blend has partnered with Palmetto Citizens FCU to streamline mortgage and home equity solutions, aiming to save time and money for credit union members.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:23 pm

AMZN

The NBA has entered into a long-term arrangement with Amazon, which could significantly impact Amazon's streaming services and overall business strategy.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:22 pm

DRMA

Dermata Therapeutics, Inc. (NASDAQ:DRMA) shares surged over 100% following the announcement that it has enrolled 50% of patients in its Phase 3 STAR-1 clinical trial for a once-weekly topical acne treatment. The company aims to release topline results in Q1 2025. If successful, DMT310 would be the first once-weekly topical product approved for treating moderate-to-severe acne.

Portfolio Pulse from Vaishali Prayag

July 24, 2024 | 8:22 pm

KRMD

KORU Medical Systems, Inc. (NASDAQ:KRMD) has promoted Christopher Pazdan to Chief Operating Officer, effective July 18, 2024. Pazdan, who has been with the company since 2021, will now oversee the Research and Development organization and be responsible for the company's product development pipeline and innovation efforts.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:22 pm

COIN

RIOT

Cryptocurrency markets are mixed with Bitcoin and Dogecoin trading sideways, while Ethereum is down. Notable developments include Ferrari expanding crypto payments in Europe, Peter Thiel's investment in Pudgy Penguins, and Riot Platforms becoming the second-largest US-listed miner. Analysts highlight $66,000 as a crucial support level for Bitcoin.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 8:17 pm