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Revenues

CNDT

Conduent Inc. (NASDAQ:CNDT) reported a 9.5% YoY revenue decline for Q2 2024, beating consensus estimates. Despite a beat on adjusted EPS loss, the company saw significant declines in adjusted EBITDA and operating cash flow. Conduent repurchased 43.3 million shares, including 38 million from Carl Icahn. The company revised its 2024 outlook downward, leading to a 9.52% drop in stock price.

Portfolio Pulse from Akanksha Bakshi

August 07, 2024 | 3:55 pm

EBS

Emergent BioSolutions Inc. (NYSE:EBS) reported a significant decline in second-quarter 2024 sales and a deeper-than-expected adjusted EPS loss. Despite beating revenue expectations, the company updated its 2024 guidance to reflect higher losses and slightly increased revenue projections. The stock fell 38.5% following the announcement.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 3:47 pm

MOS

Mosaic reported recent serious safety incidents, including a fatality in New Wales. Despite strong in-season fertilizer demand in Brazil, the company expects a sequential sales volume decrease in Q3. Limited phosphate exports from China are expected to support global prices.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:44 pm

EHAB

Enhabit shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued FY24 revenue guidance below estimates. Additionally, the company announced that the CFO will step down.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:39 pm

TGI

Triumph Group shares are trading lower after the company reported worse-than-expected Q1 adjusted EPS results and issued FY25 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:33 pm

NRG

NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years with an average annual return of 16.1%, surpassing the market by 3.48% annually. A $100 investment in NRG 5 years ago would now be worth $214.94. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:30 pm

CDW

CDW (NASDAQ:CDW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.12%. A $1000 investment in CDW 10 years ago would be worth $6,846.01 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:30 pm

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GOOG

GOOGL

RHHBY

Roche Holding AG is considering selling Flatiron Health, a cancer data specialist it acquired in 2018 for $1.9 billion. The move highlights the challenges large pharmaceutical companies face when investing in early-stage health tech firms. Flatiron's association with Roche has deterred some rival drugmakers, impacting its sales. Roche is working with Citigroup to explore strategic options for Flatiron, including a potential divestiture or partial sale.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 3:25 pm

WMG

Warner Music Group Corp (NASDAQ:WMG) stock traded higher on Wednesday after reporting fiscal Q3 2024 results. GAAP EPS of $0.27 met analyst expectations, while revenue slightly missed estimates at $1.55 billion. Recorded Music revenue declined, but Music Publishing and Digital revenue saw increases. Adjusted OIBDA rose by 6.4%, and the company held $607 million in cash. Analysts have mixed ratings, with a 1-year price target averaging $33.5.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 3:19 pm

REYN

Reynolds Consumer Products, Inc. (NASDAQ:REYN) stock is trading higher after reporting strong earnings for the 2024 fiscal year second quarter and raising its guidance. The company beat analyst estimates for both EPS and sales, and provided optimistic guidance for the upcoming quarters.

Portfolio Pulse from Dylan Berman

August 07, 2024 | 3:13 pm