Streetbeat News

Revenues

MCD

McDonald's Q2 global comparable sales decreased by 1%, reflecting negative comparable sales across all segments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:01 am

MCD

McDonald's (NYSE:MCD) reported Q2 2024 earnings per share of $2.97, missing the analyst estimate of $3.07. Quarterly sales were $6.490 billion, also missing the estimate of $6.608 billion. Sales decreased by 0.12% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:00 am

MX

Magnachip Semiconductor Corporation (NYSE:MX) has announced the development of a new 1200V 75A Insulated Gate Bipolar Transistor (IGBT) for solar inverters, with mass production set to begin in October. This new product offers improved heat dissipation, reduced conduction loss, and enhanced system reliability.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:57 am

AIQ

AVEM

BABA

JD

PDD

Alibaba Group Holding Ltd (NYSE:BABA) shares surged as the company announced a new strategy to increase merchant service fees, boosting revenue. The stock jumped 3% in the U.S. market. Starting in September, Alibaba will implement a 0.6% software service fee on confirmed transactions for vendors using its Tmall and Taobao platforms. This new fee structure is expected to significantly boost Alibaba's core merchant revenue.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 10:53 am

INSP

Inspire Medical Systems has updated its full-year 2024 revenue guidance to a range of $788 million to $798 million, representing a 26% to 28% growth over 2023. This is an increase from the prior guidance of $775 million to $785 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:49 am

INSP

Inspire Medical Systems announced preliminary Q2 revenue of $195.9 million, surpassing the estimated $186.3 million. This represents a 30% increase over the same quarter of 2023, with U.S. revenue at $187.8 million and international revenue at $8.1 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:47 am

ITRG

Integra Resources Corp. (NYSE: ITRG) and Florida Canyon Gold Inc. (TSXV: FCGV) have announced a merger valued at C$95 million. The merger aims to boost gold and silver production, creating a diversified producer with immediate gold production of approximately 70,000 ounces per annum. FCGI shareholders will receive 0.467 of an Integra share for each FCGI share held. The deal includes a C$20 million private placement financing to fund mine optimization and project advancements.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:43 am

RECT

Rectitude Holdings reported FY24 revenue of $30.69M and EPS of $0.20. The increase in revenue was driven by stronger customer demand for safety equipment due to increased construction activity. However, EPS in Singapore Dollars decreased from S$0.31 to S$0.27.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:36 am

PINC

TFX

Teleflex Incorporated (NYSE:TFX) has secured two group purchasing agreements with Premier, Inc. for its hemostasis products, effective July 1, 2024. These agreements will offer Premier members special pricing and terms for Teleflex's hemostatic portfolio, including QuikClot™ Hemostatic Dressings and Devices.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:32 am

CNA

CNA Financial (NYSE:CNA) reported strong Q2 earnings, with EPS of $1.67 beating the $1.23 estimate and sales of $4.27B surpassing the $3.55B estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:17 am