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OTIS

WBIF

WBIG

Otis Worldwide Corp (NYSE:OTIS) reported a mixed Q2 FY24 with a 3.2% Y/Y sales decline to $3.60 billion, missing the consensus of $3.73 billion. Despite this, adjusted operating profit increased to $613 million, and adjusted EPS beat expectations at $1.06. The company revised its FY24 outlook, lowering net sales but slightly raising EPS. Otis shares are down 4.34% premarket.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 1:24 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading higher after the company announced an increase in power capacity by 150MW at its Childress site, bringing the total to 750MW. This expansion raises the company's total secured grid-connected power capacity to 2,310MW. Iris Energy also provided a business update, highlighting a strong cash position and zero debt, and noted that its 2024 expansion is fully funded. The company is set to report its Q2 financial results on August 5.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 1:24 pm

ORAN

Orange reported its Q2 2024 revenue at €9.989 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:22 pm

MSFT

OpenAI is projected to lose $5 billion this year, raising concerns about its financial stability. Microsoft (MSFT), a significant investor in OpenAI, could be impacted by these losses.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:22 pm

DSX

Diana Shipping has announced a time charter contract for its vessel DSI Polaris with Stone Shipping. The charter rate is set at $15,400 per day, minus a 5% commission to third parties, for a period extending from a minimum of June 1, 2025, to a maximum of August 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:17 pm

SYNX

Silynxcom has received $815K in orders from the Israel Defense Forces since July 2024, including a recent $315K order. The company projects the tactical headset market to reach $3.8B by 2027 and reports preliminary H1 2024 revenue of $5.31M and cash equivalents of $3.69M.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:17 pm

SING

SinglePoint reported a 20% year-over-year revenue increase for 2023. Its subsidiary, Boston Solar, reduced annual overhead by $3.1 million, achieved a 50% increase in revenue per employee, and secured $20 million in commercial contracts. The company expects continued growth into 2025 due to strong state solar mandates and strategic operational enhancements.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:16 pm

CFFN

Capitol Federal Financial (NASDAQ:CFFN) reported Q3 2024 GAAP EPS of $0.07, missing the $0.11 estimate by 36.36%. Sales were $40.324M, missing the $42.469M estimate by 5.05%. Despite the miss, sales increased by 16.04% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:14 pm

TBLA

Taboola (NASDAQ:TBLA) has launched 'Taboola for Audience,' an AI-powered technology aimed at helping publishers drive more traffic. This new tool has already resulted in over 10% traffic growth for select publishers, making Taboola a top referral source after social media and search.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:14 pm

RIOT

Riot Platforms Inc (NASDAQ:RIOT) has acquired Block Mining, a Kentucky-based Bitcoin miner, for $92.5 million. This acquisition significantly boosts Riot's power capacity and hashrate targets, positioning it as the second-largest U.S.-listed miner by capacity.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 1:12 pm