Streetbeat News

Revenues

UBS

UBS expects a $1 billion pre-tax loss in its Non-Core and Legacy units for the second half of 2024, despite modest short-term revenue gains. The effective tax rate is anticipated to be around 35%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:36 am

UBS

UBS Group (NYSE:UBS) reported Q2 2024 earnings per share (EPS) of $0.34, significantly beating the analyst consensus estimate of $0.12. The company also reported quarterly sales of $11.904 billion, surpassing the estimate of $11.295 billion. Despite the strong performance, EPS decreased by 96% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:31 am

ICL

ICL has raised its 2024 guidance for specialties-driven EBITDA to a range of $0.8 billion to $1.0 billion, up from the previous range of $0.7 billion to $0.9 billion. The expected potash sales volumes remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:20 am

ICL

ICL Group (NYSE:ICL) reported Q2 2024 adjusted EPS of $0.10, beating the $0.09 estimate, but sales of $1.752 billion missed the $1.759 billion estimate. EPS decreased by 23.08% year-over-year, and sales decreased by 4.26% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:17 am

EVO

Evotec has released its business outlook for 2024, expecting revenues between €790M and €820M, and an adjusted group EBITDA ranging from €15M to €35M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:06 am

EVO

Evotec reported a Q2 EPS of €(0.54), a significant decline from €(0.08) year-over-year, despite a revenue increase to €182.123M from €170.279M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:03 am

FNV

Franco-Nevada expects to be at the lower end of its 2024 total GEO sales guidance range of 480,000 to 540,000 GEOs due to lower contributions from diversified assets based on revised commodity prices.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:18 pm

ALL

Allstate has agreed to sell its employer voluntary benefits business to StanCorp Financial Group for $2.0 billion. The sale is expected to generate a gain of about $600 million and increase deployable capital by $1.6 billion. However, Allstate's adjusted net income return on equity will decline by about 100 basis points following the sale, which is expected to close in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:12 pm

ASM

Avino Silver & Gold Mines (AMEX:ASM) reported Q2 2024 adjusted EPS of $0.03, beating the $0.02 estimate. Sales were $14.787M, surpassing the $13.803M estimate and marking a 60.41% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:39 pm

LHX

L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 15 years with an average annual return of 13.46%, resulting in a $1000 investment growing to $6,728.08. The company currently has a market capitalization of $43.23 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 9:31 pm