Streetbeat News

Revenues

TD

Toronto-Dominion Bank's Q3 2024 earnings per share missed estimates slightly, but sales exceeded expectations significantly. EPS was C$2.05, below the C$2.07 estimate, while sales were C$14.176 billion, surpassing the C$12.581 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:04 am

WB

Weibo reported its second quarter results, highlighting 583 million monthly active users and 256 million average daily active users in June 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:27 am

WB

Weibo reported its Q2 2024 financial results, with adjusted EPS of $0.48, surpassing the estimate of $0.41. The company's sales reached $437.873 million, also beating the expected $436.954 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:25 am

IQ

iQIYI reported a decrease in Q2 adjusted EPADS to $0.03 from $0.08 year-over-year, and sales of $1.00 billion, missing the $1.04 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:24 am

BIDU

Baidu reported a decrease in its Q2 adjusted earnings per ADS to $2.89 from $3.11 year-over-year, and a slight decline in sales to $4.67 billion from $4.70 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:02 am

F

GM

KARS

TSLA

Gene Munster from Deepwater Asset Management predicts a slowdown in the EV industry, with growth rates dropping from 50% in 2023 to 5% in 2024. Ford and Tesla are pulling back on their EV investments, signaling an 'EV winter.' Despite challenges, Munster remains optimistic about long-term EV adoption.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 8:39 am

EWU

The S&P Global/CIPS U.K. Services Purchasing Managers Index (PMI) for August came in at 53.3, surpassing the estimated 52.8 and the previous month's 52.5. This indicates an expansion in the U.K. services sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:38 am

EWU

The S&P Global/CIPS U.K. Manufacturing Purchasing Managers Index (PMI) for August came in at 52.5, slightly above the estimated 52.1 and the previous month's 52.1. This indicates a modest improvement in the U.K. manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 am

EWU

The S&P Global/CIPS U.K. Composite Purchasing Managers' Index (PMI) for August came in at 53.4, surpassing both the estimated 52.9 and the previous month's 52.8. This indicates a stronger-than-expected expansion in the U.K. economy.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 am

BJ

INTU

M

TGT

WSM

The S&P 500 and Nasdaq surged after the Federal Reserve's minutes indicated a likely rate cut in September. Macy's shares fell 13% due to weak sales, while Target reported strong results and raised its FY24 EPS outlook. Investors await earnings from BJ's Wholesale, Williams-Sonoma, and Intuit.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 8:18 am