Streetbeat News

Revenues

FMX

Fomento Economico (NYSE:FMX) reported Q2 2024 earnings of $1.93 per share, significantly beating the analyst estimate of $1.17. The company also reported sales of $11.539 billion, surpassing the $11.115 billion estimate. This represents a 2.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:52 pm

FMX

Fomento Economico (NYSE:FMX) reported Q2 sales of $11.54 billion, surpassing the analyst estimate of $11.12 billion by 3.77%. This marks a 2.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:51 pm

SPY

The USA S&P Global Services PMI for July came in at 56.0, surpassing the estimated 54.7 and the prior 55.3. This indicates a stronger-than-expected expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:45 pm

PLNH

Planet 13 Holdings Inc. (OTCQX:PLNH) is expanding beyond cannabis by launching a non-cannabis lifestyle brand and sponsoring MMA star Chito Vera. This move aims to increase brand awareness and create additional revenue streams.

Portfolio Pulse from Jelena Martinovic

July 24, 2024 | 1:45 pm

SPY

The USA S&P Global US Manufacturing PMI for July came in at 49.5, below the estimated 51.7 and the prior 51.6. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:45 pm

IP

International Paper Co (NYSE:IP) reported Q2 FY24 sales growth of 1.1% to $4.73 billion, missing analyst estimates of $4.78 billion. Despite this, adjusted EPS of $0.55 beat expectations of $0.41. The company faces rising selling and administrative expenses and expects near-term challenges. Shares traded lower by 0.50%.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 1:43 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced the successful upgrade of its K5 Autonomous Security Robot to its fifth generation at a multifamily residential community in San Diego, California. This upgrade is part of Knightscope's strategy to reach profitability.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:39 pm

GM

General Motors (NYSE:GM) reported a $210 million loss in its joint venture with China's SAIC General Motors Corporation for the first half of the year. Despite efforts to restructure, GM CEO Mary Barra indicated that the rest of the year will remain challenging. However, GM's overall fiscal second-quarter sales grew by 7.2% year-on-year, beating analyst estimates.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 1:35 pm

GROM

Grom Social Enterprises Inc.'s subsidiary, Top Draw Animation, has secured additional assignments worth over $1 million. This follows the commencement of projects valued at over $2.9 million in May 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:34 pm

GD

General Dynamics (GD) CEO announced that the company's total revenue for 2024 is expected to increase by $2 billion. However, profit margins are projected to shrink by 30 basis points compared to previous guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:32 pm