Streetbeat News

Revenues

RVTY

Revvity reported its Q2 2024 results, with adjusted EPS of $1.22 beating the estimate of $1.12, and sales of $691.685 million surpassing the expected $690.356 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:01 am

IART

Integra Lifesciences reported Q2 2024 adjusted EPS of $0.63, beating the estimate of $0.62. Sales were $418.175 million, surpassing the expected $413.154 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:01 am

SGML

Sigma Lithium Corporation (NASDAQ:SGML) has secured a $22.4 million low-interest export financing deal with Banco do Brasil. This financing will help Sigma reduce its recurring interest expenses and improve its competitiveness.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:05 am

AAPL

A new defense pact between North Korea and Russia has increased the risk of conflict between North and South Korea, which could result in a $4 trillion hit to the global economy. South Korea's significant role in the global electronics market, particularly in memory chips, means that companies like Apple Inc. (NASDAQ:AAPL) could be affected.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:28 am

BMY

MCD

MMM

ON

SFM

The Dow Jones surged over 650 points following positive inflation data, with the Fear & Greed Index moving to a 'Neutral' zone. Bristol Myers Squibb and 3M Company saw significant stock price increases due to strong earnings reports. Investors are awaiting earnings results from McDonald's, ON Semiconductor, and Sprouts Farmers Market.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 8:11 am

DEO

Diageo plc (NYSE: DEO), known for Johnnie Walker whisky and Tanqueray gin, is facing its first annual sales decline since 2020. The company has issued a profit warning, leading to a dip in investor confidence. Analysts predict a 0.2% fall in net sales for the year ending June 30, with persistent issues in the U.S. and Latin America contributing to the decline. Diageo's shares have already dropped over 3% earlier this year after missing analyst estimates on organic net sales.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:09 am

NFLX

SPY

Yardeni Research predicts short-term volatility in the S&P 500 due to election uncertainty but expects a strong year-end rally. The market is focused on earnings growth, stretched valuations, and a rotation from mega-cap to large-cap and SMID-cap stocks. The SPDR S&P 500 ETF Trust (SPY) has gained over 15% YTD.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 7:48 am

PSO

Pearson reaffirms its 2024 outlook, expecting sales growth, profit, and tax to align with market expectations. The company anticipates a free cash flow conversion of 95-100%. Divisional guidance includes growth in Higher Education and English Language Learning, with a decline in Virtual Schools.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:55 am

PSO

Pearson reported its H1 2024 adjusted EPS at 25.6p, remaining flat year-over-year. However, revenue decreased to £1.754 billion from £1.879 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:44 am

ESLT

Elbit Systems has secured a $190 million contract to supply Iron Sting guided mortar munitions to the Israeli Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:39 am