Streetbeat News

Revenues

OPFI

OppFi (NYSE:OPFI) reported Q2 2024 earnings per share of $0.29, significantly beating the analyst estimate of $0.15. The company also reported sales of $126.304 million, surpassing the $122.688 million estimate. This represents a 3.12% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:47 am

MCHI

Strategists warn that the unwinding of Chinese yuan carry trades could pose a new threat to global markets, similar to the recent yen carry trade unwinding. Citigroup strategists highlight that while the positioning in yen is not extreme, the yuan carry trades are still crowded. The iShares MSCI China ETF (NASDAQ:MCHI) saw a slight decline amid these concerns.

Portfolio Pulse from Shanthi Rexaline

August 07, 2024 | 8:43 am

TSLA

Tesla CEO Elon Musk emphasized the need to make the Cybertruck more affordable in the future. The company plans to introduce a lower-priced version in 2025. Tesla is ramping up production with a goal of delivering 250,000 units starting in 2025 and aims for Cybertruck profitability by the end of the year. The use of in-house dry cathode 4680 cells is expected to reduce costs significantly.

Portfolio Pulse from Anan Ashraf

August 07, 2024 | 8:10 am

AAPL

XIACF

Apple's operating margins in Greater China have hit a near decade-low due to iPhone discounting and a weaker yuan, according to Morgan Stanley analyst Erik Woodring. Despite this, Apple's Services segment showed strong growth driven by advertising, App Store, and Cloud. Apple shipped 45.6 million units in the June quarter, but its market share slipped as Chinese competitors like Xiaomi reported higher growth rates.

Portfolio Pulse from Shanthi Rexaline

August 07, 2024 | 7:56 am

SONY

Sony Group has provided its fiscal 2024 outlook, expecting sales of ¥12.61 trillion ($79.64 billion) and adjusted EBITDA of ¥1.99 trillion ($13.31 billion). The company has reiterated its operating margin of 10.4%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:01 am

SONY

Sony Group reported its Q1 2024 earnings, with GAAP EPS of $1.22 beating the estimate of $1.10, and sales of $19.355 billion surpassing the $17.186 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:53 am

NVO

Novo Nordisk has updated its 2024 outlook, now expecting sales growth of 22%-28% and operating profit growth of 20%-28%. The revised guidance reflects higher expectations for both North America and International Operations, driven by volume growth in GLP-1-based treatments for Obesity and Diabetes care, despite continued pricing pressure.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:51 am

CAT

CVS

DIS

MCK

META

NVDA

YUM

The Dow Jones snapped a 3-session losing streak as tech stocks like Nvidia and Meta surged. The CNN Money Fear and Greed index showed slight improvement but remained in the 'Extreme Fear' zone. The U.S. trade deficit shrank to $73.1 billion in June. Caterpillar and Yum! Brands reported better-than-expected earnings. Investors are awaiting earnings from McKesson, Disney, and CVS Health.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 6:47 am

CCEP

Coca-Cola Europacific Partners reported a year-over-year increase in adjusted EPS from €1.85 to €1.98 and sales from €8.977 billion to €9.828 billion for the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:39 am

HL

Hecla Mining (NYSE:HL) reported Q2 2024 earnings per share (EPS) of $0.02, missing the analyst consensus estimate of $0.04 by 50%. However, the company reported sales of $245.657 million, beating the analyst consensus estimate of $219.199 million by 12.07%. This represents a 37.91% increase over sales of $178.130 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:29 am