Streetbeat News

Revenues

ULBI

Ultralife (NASDAQ:ULBI) reported strong Q2 earnings, with adjusted EPS of $0.22 beating the $0.14 estimate and sales of $42.98M surpassing the $42.00M estimate. This marks a significant improvement from the previous year's losses and a notable increase in sales.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:02 am

TSLA

Tesla Inc. (NASDAQ:TSLA) reported a 100% year-on-year increase in revenue from its energy generation and storage segment in Q2, offsetting a 7% decline in automotive revenue. Total revenue grew by 2% to $25.5 billion. The company deployed a record 9.4 GWh of energy storage products and expects energy business growth to outpace automotive in 2024.

Portfolio Pulse from Anan Ashraf

July 25, 2024 | 11:02 am

VC

Visteon Corporation has announced a reduction in customer vehicle production for the second half of the year due to ongoing market dynamics in China.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:02 am

TSCO

Tractor Supply Company (TSCO) reported a 0.5% decrease in comparable store sales for Q2.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:01 am

CBRE

CBRE Group has raised its 2024 Core EPS outlook to a range of $4.70-$4.90, up from the previous range of $4.25-$4.65, and expects over $1 billion in free cash flow for the full year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:01 am

KDP

Keurig Dr Pepper (NASDAQ:KDP) reported Q2 2024 earnings per share of $0.45, meeting analyst expectations. The company also reported sales of $3.92 billion, slightly beating the $3.91 billion estimate and marking a 3.46% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:01 am

NDAQ

Nasdaq (NDAQ) reported Q2 2024 adjusted EPS of $0.69, beating the $0.64 estimate. Sales were $1.159 billion, surpassing the $1.131 billion estimate and marking a 25.30% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:01 am

VC

Visteon has lowered its FY24 sales outlook to $3.85B–$3.95B from the previous estimate of $4B-$4.2B, citing reduced customer vehicle production and market dynamics in China. Adjusted EBITDA is expected to be $455–$475 million, with adjusted free cash flow between $155–$185 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:00 am

FFWM

First Foundation reported a loan to deposit ratio of 93.8% as of June 30, 2024. This indicates a high level of lending activity relative to deposits, which could impact the bank's liquidity and risk profile.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:59 am

GTX

Garrett Motion (NASDAQ:GTX) reported Q2 2024 earnings per share of $0.28, missing the analyst consensus estimate of $0.30 by 6.67%. The company also reported sales of $890 million, which missed the estimate of $975.5 million by 8.76%, and represents an 11.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:59 am