Streetbeat News

Revenues

FN

Fabrinet (NYSE:FN) has significantly outperformed the market over the past 10 years, delivering an average annual return of 26.09%. A $100 investment in FN stock 10 years ago would be worth $1,003.45 today. The company's current market capitalization is $7.10 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:00 pm

MELI

MercadoLibre (NASDAQ:MELI) has been analyzed by four analysts in the last three months, showing a range of perspectives from bullish to somewhat bullish. The average 12-month price target is $2056.25, reflecting an 8.51% increase from the previous average. Analysts from Barclays, BTIG, and Jefferies have raised their price targets, indicating positive sentiment. MercadoLibre has shown strong financial performance with significant revenue growth, high net margin, and strong ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:00 pm

CELH

Celsius Holdings, Inc. (NASDAQ:CELH) reported strong Q2 earnings and sales, significantly beating analyst expectations. The company posted earnings per share of 28 cents, surpassing the expected 23 cents, and quarterly sales of $402 million, exceeding the consensus of $393.165 million. The North American business and sustained consumer demand growth were key drivers. Gross profit increased by 32% to $209.1 million, with a gross margin of 52.0%. CELH shares rose by 2.66% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 1:49 pm

DGLY

Digital Ally has entered into a purchase and sale agreement with Serenity Now. According to the deal, the buyer has agreed to purchase property for $5.9 million, exclusive of closing costs, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:42 pm

DUK

FUTY

XLU

Duke Energy Corporation (NYSE:DUK) reported strong Q2 FY24 results with adjusted EPS of $1.18, beating the consensus of $1.02. Revenues of $7.17 billion also exceeded expectations. The company reaffirmed its FY24 outlook and long-term growth targets. DUK shares rose 1.81% following the news.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:40 pm

TRC

Tejon Ranch (NYSE:TRC) reported Q2 earnings per share of $0.04, beating the analyst estimate of $(0.03) by 233.33%. However, sales of $5.69 million missed the $7.50 million estimate by 24.15%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:40 pm

USEA

United Maritime (NASDAQ:USEA) reported significant improvements in its Q2 financial results, with earnings per share rising to $0.09 from a loss of $(0.25) YoY and sales increasing by 24.29% to $12.44 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:36 pm

SMXT

SolarMax Technology, Inc. (NASDAQ: SMXT) has signed a non-binding MOU for its first major commercial solar installation project in the U.S., located in Las Vegas. The project includes a 4.27-megawatt photovoltaic solar power plant, a 2.0 megawatt energy storage system, and 10 advanced electric vehicle charging stations. This marks a significant milestone for SolarMax as it aims to capitalize on the growing U.S. solar market.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:33 pm

RTX

Raytheon's RTX business has been awarded a $478 million contract by the NATO Support and Procurement Agency to supply additional GEM-T missiles to Germany. This contract aims to replenish the Patriot missiles that Germany donated to Ukraine, with financial support from Denmark, the Netherlands, and Norway.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:31 pm

ACTV

BLMN

SCAP

Bloomin' Brands, Inc. (NASDAQ: BLMN) reported Q2 earnings that missed analyst expectations, with adjusted EPS of $0.51 versus the expected $0.58. Quarterly sales were $1.12 billion, slightly below the $1.13 billion estimate, and down 2.9% year-over-year. The company also lowered its FY24 adjusted EPS outlook and expects a decline in U.S. comparable restaurant sales. Despite these challenges, the company declared a quarterly dividend and continued its share repurchase program. BLMN shares are down 2.68% premarket. Investors can also gain exposure through LeaderShares Activist Leaders ETF (NYSE: ACTV) and Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE: SCAP).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:30 pm