Streetbeat News

Revenues

MHK

Mohawk Industries (NYSE:MHK) reported Q2 earnings of $3.00 per share, beating the analyst estimate of $2.75. However, sales of $2.80 billion missed the $2.83 billion estimate. Earnings increased by 8.7% year-over-year, while sales decreased by 5.05%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:14 pm

LHX

L3Harris Technologies has raised its FY24 EPS guidance from $12.70-$13.05 to $12.85-$13.15, compared to the $12.97 estimate. Revenue guidance has also been increased from $20.8B-$21.3B to $21B-$21.3B, versus the $21.21B estimate. The company reported a 13% increase in Q2 revenue and a 19% increase in operating income.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:13 pm

LPLA

LPL Financial Holdings (NASDAQ:LPLA) reported Q2 2024 adjusted EPS of $3.88, beating the estimate of $3.70. Sales were $2.932 billion, surpassing the $2.886 billion estimate. Despite a slight decrease in EPS from last year, sales increased by 18.75%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:12 pm

LHX

L3Harris Technologies (NYSE:LHX) reported Q2 earnings of $3.24 per share, beating the analyst estimate of $3.17. Sales were $5.30 billion, in line with expectations. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:11 pm

ENSG

Ensign Group (NASDAQ:ENSG) reported Q2 sales of $1.036 billion, surpassing the analyst estimate of $1.021 billion by 1.51%. This marks a 12.44% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:11 pm

DECK

Deckers Brands has increased its FY 2025 diluted EPS guidance to $29.75 - $30.65 and expects a 10% increase in net sales to $4.7 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:11 pm

WY

Weyerhaeuser Company (NYSE:WY) has acquired 84,300 acres of high-quality timberlands in Alabama for $244 million. The acquisitions are expected to enhance the company's Southern Timberlands portfolio and deliver strong cash flow and harvest tons per acre.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:11 pm

FBIN

Fortune Brands Innovations has updated its FY24 guidance, lowering net sales growth from 3.5%-5.5% to 2.5%-4.5% and adjusting EPS from $4.20-$4.40 to $4.25-$4.35. The company cites strong performance in its Outdoors segment and Moen North America business, as well as accelerating digital sales, offset by weaker China sales.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:09 pm

MARA

Cryptocurrency markets are experiencing a downturn, with Ethereum down 7% on the third day of spot Ethereum ETF trading. Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu have all seen significant declines. Notable statistics include a 24.4% drop in large transaction volume and a 826.3% plunge in exchange netflows. Analysts and traders are closely watching Bitcoin's price levels, with some predicting a potential end to the current 'mini-correction.'

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 8:09 pm

DECK

Deckers Outdoor (NYSE:DECK) reported Q1 2025 adjusted EPS of $4.52, beating the $3.48 estimate. Sales were $825 million, surpassing the $807.94 million estimate and marking a 199.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:08 pm