Streetbeat News

Revenues

DD

DuPont De Nemours, Inc. (NYSE: DD) reported better-than-expected Q2 earnings, with a 2% Y/Y sales increase to $3.171 billion and a 14% Y/Y rise in adjusted EPS to $0.97. The company raised its 2024 outlook and announced plans to split into three publicly traded entities, focusing on Electronics and Water businesses. DD shares rose 4.50% premarket.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 12:20 pm

SPY

The USA ADP Nonfarm Employment Change for July came in at 122K, which is below the estimated 147K and the prior 155K. This indicates a slowdown in job growth.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:17 pm

SPY

The ADP Nonfarm Employment Change for July reported an increase of 122,000 jobs, falling short of the estimated 147,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:16 pm

AVDX

AvidXchange has updated its 2024 business outlook due to macroeconomic challenges, reducing its FY24 revenue forecast from $442M-$448M to $436M-$439M, below the estimated $447.456M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:07 pm

ASC

Ardmore Shipping reported that 95% of its MR tankers' revenue days in Q3 are employed in the spot market, with the remaining 5% on time charters. The company expects all revenue days for its Eco-Design IMO 2 product/chemical tankers to be employed in the spot market.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:06 pm

MA

Mastercard (NYSE:MA) reported Q2 2024 adjusted EPS of $3.59, beating the $3.51 estimate. Sales were $7.00 billion, surpassing the $6.85 billion estimate and marking an 11.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:05 pm

ASC

Ardmore Shipping (NYSE:ASC) reported Q2 2024 adjusted EPS of $1.13, beating the estimate of $1.02. Sales were $121.3M, surpassing the $94.074M estimate and showing a 100.84% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:04 pm

CMCO

Columbus McKinnon (CMCO) expects Q2 net sales to decline by low to mid-single digits year-over-year, and adjusted EPS to decrease by mid-single digits year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:03 pm

HESM

Hess Midstream (NYSE:HESM) reported Q2 2024 earnings per share (EPS) of $0.59, missing the analyst consensus estimate of $0.62 by 4.84%. However, the company reported quarterly sales of $365.5 million, slightly beating the estimate of $365.163 million. Compared to the same period last year, EPS increased by 18% and sales by 12.81%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:03 pm

TTMI

TTM Technologies has provided its Q3 2024 revenue guidance, expecting between $580 million and $620 million, compared to the $600.38 million estimate. The company also forecasts adjusted EPS between $0.37 and $0.43, versus the $0.40 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:02 pm