Streetbeat News

Revenues

ALSN

Allison Transmission (NYSE:ALSN) reported Q2 2024 GAAP EPS of $2.13, meeting analyst expectations. The company also reported sales of $816 million, surpassing the $799.481 million estimate and marking a 4.21% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:18 pm

SAM

Boston Beer has reaffirmed its FY24 GAAP EPS guidance at $7.00-$11.00, which is in line with the $10.27 estimate. However, the company has lowered its FY24 depletions and shipments percentage change guidance from 'down low single digit to up low single digit' to 'down low single digit to zero'.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:17 pm

CINF

Cincinnati Financial reported Q2 2024 adjusted sales of $2.407 billion, missing the estimated $2.449 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:17 pm

BPRN

Princeton Bancorp (NASDAQ:BPRN) reported Q2 earnings per share (EPS) of $0.80, beating the analyst estimate of $0.69. Sales were $20.62 million, surpassing the $15.86 million estimate. However, both EPS and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:17 pm

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) shares surged 34.8% to 41 cents on Thursday, driven by heavy trading volume and the announcement of three new patents in the U.S. and Europe. The company focuses on non-invasive bioelectronic medicine, including its ClearUP Sinus Relief device.

Portfolio Pulse from Erica Kollmann

July 25, 2024 | 8:16 pm

AMZN

AVUV

GOOGL

IJR

IWM

MSFT

SPSM

XSMO

Investors are increasingly bullish on small-cap stocks, with the Russell 2000 ETF (IWM) seeing over $6 billion in net inflows this month. Other small-cap ETFs like IJR, AVUV, XSMO, and SPSM also saw significant inflows. Despite this, some experts, including Ed Yardeni, caution that larger tech companies like GOOGL, AMZN, and MSFT have advantages that smaller firms cannot easily replicate.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 8:15 pm

WSFS

WSFS Financial (NASDAQ:WSFS) reported Q2 2024 adjusted EPS of $3.97, significantly beating the analyst estimate of $1.04. The company also reported sales of $384.60 million, surpassing the estimate of $174.91 million. This represents a 111.50% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:14 pm

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