Streetbeat News

Revenues

CVLG

Covenant Logistics Group (NASDAQ:CVLG) reported Q2 earnings of $1.04 per share, beating the analyst estimate of $0.98. However, sales of $287.50 million missed the estimate of $292.63 million. Earnings decreased by 2.8% year-over-year, while sales increased by 4.92%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:06 pm

KNX

Knight-Swift (NYSE:KNX) reported Q2 2024 adjusted EPS of $0.24, missing the analyst estimate of $0.28 by 14.29%. However, the company reported sales of $1.85 billion, beating the estimate of $1.83 billion by 0.65%. This represents an 18.91% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:04 pm

RBBN

Ribbon Communications (NASDAQ:RBBN) reported Q2 earnings per share of $0.05, meeting analyst expectations. However, the company missed revenue estimates, reporting $192.62 million against the expected $204.97 million, marking an 8.55% decline from the previous year.

Portfolio Pulse from totan@benzinga.com

July 24, 2024 | 8:04 pm

CHDN

Churchill Downs (NASDAQ:CHDN) reported Q2 2024 earnings per share (EPS) of $2.79, surpassing the analyst consensus estimate of $2.69 by 3.72%. The company also reported quarterly sales of $890.7 million, beating the estimate of $856.466 million by 4%. This represents a 15.90% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:02 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years, delivering an average annual return of 9.37%. A $1000 investment in MCHP 20 years ago would be worth $6,042.80 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 8:00 pm

TMDX

TransMedics Gr (NASDAQ:TMDX) has significantly outperformed the market over the past 5 years, delivering an average annual return of 43.06%. A $1000 investment in TMDX 5 years ago would now be worth $5,892.80. The company's current market capitalization is $5.09 billion.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 8:00 pm

GOOG

GOOGL

Alphabet Inc's Google Play Store is introducing new features to enhance user experience, including a 'Collections' section, improved gaming functionalities, expanded rewards, and a curated comics section in Japan. These updates aim to provide better content organization, personalized recommendations, and exclusive rewards.

Portfolio Pulse from Franca Quarneti

July 24, 2024 | 7:46 pm

UPS

Analysts have downgraded their outlook on United Parcel Service (UPS) after the company missed revenue estimates and lowered its revenue guidance for the year. UPS reported a 1.1% decline in second-quarter revenue and a significant drop in adjusted EPS. Analysts from BMO Capital Markets, Stifel, and Oppenheimer have all reduced their price targets and EPS estimates for UPS, citing muted demand, inflationary pressures, and other economic challenges.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 7:36 pm

ALL

Allstate (NYSE:ALL) has outperformed the market over the past 10 years with an average annual return of 11.74%, resulting in a $1000 investment growing to $2,988.70. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 7:30 pm

GWRE

Guidewire Software (NYSE:GWRE) has outperformed the market over the past 10 years with an average annual return of 13.94%, resulting in a $100 investment growing to $371.28. The company currently has a market capitalization of $12.07 billion.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 7:30 pm