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Revenues

BABA

JD

PDD

China's central bank, the PBOC, has conducted an unscheduled lending operation, issuing 200 billion yuan in one-year loans at a reduced rate of 2.30%. This move aims to support the economy amid deflationary pressures and weak consumer demand. The U.S. Federal Reserve is likely to hold rates steady at the upcoming FOMC meeting.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 6:01 am

STLA

Stellantis (NYSE:STLA) reported a significant decline in its half-year earnings and sales. The company's EPS dropped by 31.9% to $2.54 from $3.73 YoY, and sales decreased by 14.63% to $91.53 billion from $107.21 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:58 am

SNY

Sanofi (NASDAQ:SNY) reported Q2 2024 earnings of $0.93 per share, beating the analyst estimate of $0.86. Sales were $11.568 billion, surpassing the $11.366 billion estimate. Despite a 2% decrease in EPS from last year, sales increased by 6.52%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:40 am

DASTY

Dassault Systemes reported Q2 2024 adjusted EPS of €0.30, meeting analyst expectations, but missed sales estimates with €1.496 billion, a slight miss from the €1.511 billion estimate. EPS increased by 7.14% year-over-year, while sales grew by 3.24%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:23 am

ARGX

argenx has provided financial guidance for 2024, expecting to spend less than $2 billion on combined R&D and SG&A expenses, and to utilize less than $500 million in net cash for operations.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:13 am

CRWD

MSFT

CrowdStrike (NASDAQ: CRWD) experienced a global outage affecting 8.5 million Windows computers due to a faulty update. The company is offering $10 Uber Eats gift cards as an apology, but some users reported issues redeeming them. The incident caused significant disruptions and financial losses, including a $500M hit for Delta Air Lines. Despite this, Ark Invest purchased 20,219 shares of CrowdStrike.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 5:11 am

ARGX

argenx (NASDAQ:ARGX) reported Q2 2024 GAAP EPS of $0.45, significantly beating the analyst estimate of $(0.98). The company also reported sales of $489.428 million, surpassing the estimate of $439.217 million. This represents a substantial year-over-year improvement in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:09 am

STM

STMicroelectronics (STM) has provided guidance for Q3 2024, expecting net revenues of $3.25 billion, which is below the consensus of $3.577 billion. The company also anticipates a gross margin of 38%, plus or minus 200 basis points.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:05 am

F

Peter Schiff highlights economic struggles as Ford's Q2 profits disappoint, leading to a 12% drop in shares. Rising living costs and high interest rates are cited as reasons Americans can't afford new cars. Despite a 6% revenue increase, Ford's earnings per share missed estimates, causing concern.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:31 am

CLS

Celestica has raised its FY24 revenue outlook to $9.45 billion from the previous $9.1 billion, surpassing the estimated $9.126 billion. Additionally, the company has increased its adjusted EPS forecast to $3.62 from the prior $3.30, exceeding the estimated $3.33.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:57 pm