Streetbeat News

Revenues

KLG

WK Kellogg (NYSE:KLG) reported Q2 2024 earnings of $0.36 per share, missing the analyst estimate of $0.40. Sales were $672 million, slightly below the $672.636 million estimate. Despite the miss, EPS increased by 12.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:33 pm

UWMC

UWM Holdings (NYSE:UWMC) reported Q2 2024 adjusted EPS of $0.04, missing the analyst estimate of $0.07 by 42.86%. Sales were $507.094M, also missing the estimate of $527.312M by 3.83%. This represents a 13.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:32 pm

ITIC

Investors Title (NASDAQ:ITIC) reported a strong Q2 with EPS of $4.70, up 17.5% YoY, and sales of $65.38M, up 12.12% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:31 pm

EXPD

Expeditors Intl (NASDAQ:EXPD) reported Q2 2024 earnings per share of $1.24, missing the analyst estimate of $1.26 by 1.59%. However, the company reported sales of $2.40 billion, beating the estimate of $2.28 billion by 5.32% and marking a 7.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:31 pm

SPY

USA imports for June increased to $66.01 billion from $64.80 billion in the previous month, indicating a rise in import activity.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:30 pm

SPY

The US trade balance for June was reported at -$73.1 billion, slightly worse than the estimated -$72.50 billion.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:30 pm

AZEK

The AZEK Company Inc. (NYSE:AZEK) has entered a long-term distribution partnership with Doman Building Materials Group Ltd. (TSX:DBM) to expand the availability of AZEK's TimberTech decking products in Canada. This partnership aims to enhance AZEK's market presence and provide Canadian customers with high-performance, environmentally sustainable decking solutions.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:27 pm

UBER

Uber Technologies, Inc (NYSE:UBER) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in its Mobility and Delivery segments, and achieved record profitability. Uber's outlook for Q3 is also positive, with expected growth in gross bookings and adjusted EBITDA.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 12:27 pm

AAPL

GOOGL

MSFT

A recent ruling against Alphabet Inc (GOOGL) identified its search agreements with Apple Inc (AAPL) as monopolistic. JPMorgan analyst Samik Chatterjee outlines three options for Apple: waiting for Google's appeal, entering non-exclusive revenue-sharing agreements, or developing its own search engine. The ruling could significantly impact Apple's revenue from Google, which was $20 billion in 2022 and likely $24 billion in 2024. Alternatives like Microsoft's Bing or DuckDuckGo offer lower economic benefits.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 12:27 pm

BVS

Bioventus shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:24 pm