Streetbeat News

Revenues

ETHE

FETH

GBTC

IBIT

Bitcoin and Ethereum experienced significant price drops, with Bitcoin falling over 3% and Ethereum plunging below $3,200. The decline was linked to a broader market downturn affecting U.S. technology stocks. Ethereum ETFs saw substantial outflows, while Bitcoin ETFs recorded mixed inflows and outflows.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 11:54 am

SHYF

The Shyft Group has revised its FY24 sales forecast to $800M-$850M, down from the previous $850M-$900M and below the $868.07M estimate. The company also projects adjusted EPS of $0.35-$0.50, compared to the $0.41 estimate and prior view of $0.28-$0.51.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:53 am

RTO

Rentokil Initial continues to expect organic revenue growth in North America within the guided 2-4% range for the full year, albeit at the lower end.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:48 am

RTO

Rentokil Initial reported a 4.0% increase in H1 revenue, with a 1.3% rise on a statutory basis. Organic revenue growth was 2.8% at constant exchange rates.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:47 am

UNP

Union Pacific (NYSE:UNP) reported Q2 2024 GAAP EPS of $2.74, beating the estimate of $2.72. However, sales of $6.01 billion missed the $6.06 billion estimate. Sales increased by 0.79% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:46 am

AAPL

Apple Inc. (NASDAQ:AAPL) has dropped from third to sixth place in the Chinese smartphone market, with its market share falling to 14% in Q2 2024. Meanwhile, Huawei has seen a 41% increase in shipments, driven by the launch of its Pura 70 series. Apple faces intense competition and has increased discounting efforts to regain market share.

Portfolio Pulse from Rounak Jain

July 25, 2024 | 11:42 am

FCN

FTI Consulting has revised its FY24 revenue forecast from $3.65B-$3.79B to $3.70B-$3.79B, and its EPS forecast from $7.75-$8.50 to $8.10-$8.60. The estimates were $3.77B for revenue and $8.45 for EPS.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:37 am

ABBV

AbbVie reported Q2 2024 adjusted EPS of $2.65, beating the estimate of $2.57. Sales were $14.462 billion, surpassing the expected $14.027 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:37 am

EME

EMCOR Group has increased its 2024 revenue guidance range to $14.5B-$15.0B from $14.0B-$14.5B, surpassing the estimated $14.305B. Additionally, the company has raised its EPS guidance to $19.00-$20.00 from $15.50-$16.50, exceeding the estimated $16.21.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:35 am

NTCT

NetScout Systems has reiterated its FY25 revenue guidance of $800M-$830M and adjusted EPS of $2.10-$2.30. However, the GAAP net loss per share is now expected to be between ($5.28) and ($5.03) due to goodwill impairment and restructuring charges.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:35 am