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Revenues

BTCUSD

Crypto trader Eugene Ng Ah Sio expressed concerns about the future of cryptocurrencies, citing a broken market structure and potential deep recession. He advises capital preservation as the crypto market faces significant downturns.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 4:55 pm

IDXX

Idexx Laboratories Inc (NASDAQ:IDXX) reported strong Q2 results with adjusted EPS of $3.02, beating the consensus of $2.88. Sales reached $1 billion, driven by growth in Companion Animal Group and Water revenue. Despite a decline in vet office visits, the company maintains a robust business model and updated its 2024 revenue and EPS guidance. The stock rose 4.65% following the announcement.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 4:48 pm

AMZN

META

MSFT

Major tech companies Microsoft, Meta Platforms, and Amazon are significantly increasing their capital expenditures to expand AI data center infrastructure, highlighting the critical role of data centers in the future of technology.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 4:47 pm

FOXA

Fox Corp (NASDAQ:FOXA) reported Q4 2024 revenues of $3.09 billion, slightly missing analyst expectations but showing growth in affiliate fees and the TV segment. Adjusted net income beat expectations at $0.90 per share. The company anticipates a strong fiscal 2025 driven by the upcoming presidential election and the next Super Bowl. Fox also increased its semi-annual dividend and noted improvements in its advertising business.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 4:42 pm

TRMB

Trimble Inc (NASDAQ:TRMB) reported a fiscal Q2 2024 revenue decline of 12% to $870.8 million, beating analyst estimates. Despite a 14% increase in annualized recurring revenue, high interest rates and input costs have impacted hardware sales. The company expects FY24 revenue below consensus and maintained its adjusted EPS outlook. TRMB stock traded higher by 3.38% at $51.51.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 4:38 pm

SPG

Simon Property Group shares are trading higher after the company reported better-than-expected Q2 revenues, raised its dividend, and issued strong FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:36 pm

ACN

Accenture (NYSE:ACN) has outperformed the market over the past 15 years, delivering an average annual return of 15.71%. A $1000 investment in ACN 15 years ago would be worth $8,994.51 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:30 pm

RBC

RBC Bearings (NYSE:RBC) has outperformed the market over the past 10 years with an average annual return of 16.88%, resulting in a $1000 investment growing to $4,756.69. The company currently has a market capitalization of $8.07 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:30 pm

LCID

Lucid Group (NASDAQ:LCID) received mixed analyst reviews following its Q2 earnings report and a $1.5 billion investment from Saudi Arabia's Public Investment Fund (PIF). Analysts highlighted the company's strong technology, upcoming vehicle launches, and the significance of the new capital raise, but also noted concerns about production and demand uncertainties.

Portfolio Pulse from Chris Katje

August 06, 2024 | 4:29 pm

OGN

Organon & Co. has revised its FY24 revenue guidance from $6.2B-$6.5B to $6.25B-$6.45B, compared to the $6.407B estimate. Other financial metrics remain unchanged except for R&D expenses, which have been adjusted to $430M-$530M.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:29 pm