Streetbeat News

Revenues

RMBS

Rambus expects Q3 licensing billings of $60M - $66M, product revenue of $62M - $68M, and contract and other revenue of $17M - $23M. The company will discuss its full revenue guidance for Q3 2024 during its upcoming conference call.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:07 pm

RMBS

Rambus anticipates a strong Q3 performance, driven by double-digit sequential growth in its chip segment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:04 pm

NEU

NewMarket Corporation reported a Q2 EPS of $11.63, an increase from $10.36 last year. Total net sales rose to $710.228 million from $685.13 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:03 pm

CHK

Chesapeake Energy Corporation (NASDAQ:CHK) reported mixed Q2 results with a significant drop in earnings and sales, missing analyst estimates. The company is focusing on operational improvements and has lowered its 2024 capital and production expense guidance.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 9:03 pm

EWJ

SPY

Japan's Ministry of Finance is enlisting major brokerages to market Japanese Government Bonds (JGBs) internationally as the Bank of Japan (BOJ) reduces its bond purchasing program. This move aims to attract foreign investors to JGBs.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:01 pm

PCAR

PACCAR (NASDAQ:PCAR) has outperformed the market over the past 5 years with an average annual return of 17.02%, resulting in a $1000 investment growing to $2,164.37. The company currently has a market capitalization of $51.55 billion.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 9:01 pm

VRTS

Over the past three months, four analysts have evaluated Virtus Investment Partners (NYSE: VRTS), offering a range of opinions from somewhat bullish to somewhat bearish. The average 12-month price target has decreased slightly to $246.5. Analysts have recently adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Virtus Inv has shown positive revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 9:01 pm

ABCB

In the last three months, 4 analysts have published ratings on Ameris (NYSE:ABCB), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $68.5, with a high estimate of $76.00 and a low estimate of $64.00. Analysts from Truist Securities, DA Davidson, Keefe, Bruyette & Woods, and Stephens & Co. have all raised their ratings and price targets for Ameris. The company has shown strong financial performance with a 16.5% revenue growth rate, a 30.28% net margin, and a low debt-to-equity ratio of 0.3.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 9:01 pm

TROW

Analysts have provided mixed ratings for T. Rowe Price Gr (NASDAQ:TROW) over the past quarter, with most being indifferent. The average 12-month price target has declined by 4.86% to $112.43. Key analysts have adjusted their ratings and price targets, reflecting varied sentiments. T. Rowe Price Gr has shown positive revenue growth but faces challenges in net margin and market capitalization.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 9:00 pm

BYON

Beyond, Inc. is making significant progress in reducing fixed expenses by $45 million annually, with expectations of improved financial performance for the rest of the year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:54 pm