Streetbeat News

Revenues

MSFT

NTDOY

SONY

Microsoft's Q4 earnings report shows a 42% decline in Xbox hardware sales, continuing a downward trend. However, overall gaming revenue surged 44% year-over-year, driven by the acquisition of Activision Blizzard. Industry-wide, major console makers like Sony and Nintendo also saw declines in hardware sales.

Portfolio Pulse from Franca Quarneti

July 31, 2024 | 8:11 pm

LRCX

Lam Research has provided its Q1 financial guidance, projecting adjusted EPS between $7.25 and $8.75, with an estimate of $8.10. The company also expects an adjusted operating margin of 28.5% to 30.5%, with an estimate of 29.7%, and revenue between $3.75 billion and $4.35 billion, with an estimate of $4.04 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:10 pm

GKOS

Glaukos (NYSE:GKOS) reported Q2 losses of $(0.52) per share, meeting analyst expectations. Sales were $95.69 million, beating the $88.89 million estimate and showing a 19.02% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:10 pm

RELY

Remitly Global (NASDAQ: RELY) reported Q2 2024 GAAP EPS of $(0.06), beating the $(0.11) estimate. Sales were $306.423M, surpassing the $302.314M estimate. This represents a 45.45% improvement in EPS and a 30.93% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:09 pm

EBAY

eBay has released its Q3 2024 revenue forecast, projecting between $2.5 billion and $2.56 billion, which is slightly below the analyst estimate of $2.529 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:09 pm

ACHC

Acadia Healthcare Co (NASDAQ: ACHC) reported Q2 2024 adjusted EPS of $0.91, beating the estimate of $0.87. Sales were $796.040M, surpassing the $784.448M estimate and showing an 8.85% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:09 pm

META

Meta Platforms Inc. reported that Family Daily Active People (DAP) reached 3.27 billion on average for June 2024, marking a 7% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:09 pm

ARM

Arm Holdings has released its Q2 revenue guidance, projecting between $780M and $830M, compared to the estimated $804.08M. The company also provided a non-GAAP EPS forecast of $0.23 to $0.27, against an estimate of $0.27.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:08 pm

RUSHA

Rush Enterprises (NASDAQ:RUSHA) reported Q2 2024 earnings per share (EPS) of $0.97, surpassing the analyst consensus estimate of $0.77 by 25.97%. The company also reported quarterly sales of $2.000 billion, beating the estimate of $1.863 billion by 7.35%. However, this represents a slight decrease of 0.15% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:08 pm

JAZZ

Jazz Pharmaceuticals (NASDAQ:JAZZ) reported Q2 2024 adjusted EPS of $5.30, beating the $4.77 estimate. Sales were $1.024 billion, surpassing the $1.004 billion estimate and marking a 6.97% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:08 pm