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Revenues

GPI

Group 1 Automotive Inc (NYSE:GPI) reported mixed Q2 FY24 earnings with sales growth of 3% year-on-year to $4.696 billion, missing the consensus estimate. New vehicle sales grew, but gross profit and operating income declined. Adjusted EPS beat expectations. The company faced challenges from a CDK Global outage and adverse weather events. GPI repurchased shares and is focused on acquiring Inchcape’s U.K. retail automotive business.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 12:12 pm

EADSY

RTX

RTX's Pratt & Whitney has secured a deal to provide GTF engines for Air Niugini's fleet of 11 Airbus A220 aircraft, along with a 12-year EngineWise® Comprehensive support agreement. This marks Air Niugini as a first-time GTF customer.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:12 pm

FLEX

Flex (NASDAQ:FLEX) reported Q1 earnings of $0.51 per share, beating the analyst estimate of $0.41. Sales were $6.31 billion, surpassing the $5.90 billion estimate. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:09 pm

SFNC

Simmons First National (NASDAQ: SFNC) reported Q2 earnings of $0.33 per share, beating the analyst estimate of $0.31. However, sales of $197.20 million missed the $201.84 million estimate. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:06 pm

APH

Amphenol Corp expects Q3 2024 sales to be between $3.70B and $3.80B, significantly higher than the $3.38B estimate. Adjusted EPS is projected to be between $0.43 and $0.45, also above the $0.41 estimate. This represents a 16%-19% increase in sales and a 10%-15% increase in EPS compared to the prior year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:05 pm

NVEE

NV5 Global, Inc. (NASDAQ:NVEE) has been awarded $10 million in contracts by the North Carolina Department of Transportation to advance key infrastructure projects in the state.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:04 pm

SFNC

Simmons First National (NASDAQ: SFNC) reported Q2 2024 adjusted EPS of $0.33, beating the estimate of $0.31. However, sales were $197.204 million, missing the $201.839 million estimate and showing a 5.29% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:03 pm

DUOT

Duos Technologies Group, Inc. (NASDAQ:DUOT), through its subsidiary Duos Edge AI, has secured $2.2 million in funding via secured promissory notes with two institutional investors. The funds will be used to produce three Edge Data Centers (EDCs) for deployment in remote districts, including schools, government, and health facilities. The first EDC is expected to be in full production by late October, with the second and third units following in November.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:02 pm

APH

Amphenol reported Q2 2024 adjusted EPS of $0.44, beating the estimate of $0.41. Sales were $3.610 billion, surpassing the expected $3.384 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:02 pm

PII

In the past three months, five analysts have provided ratings for Polaris (NYSE:PII), with a mix of somewhat bullish and indifferent sentiments. The average 12-month price target has decreased by 9.83% to $82.6. Analysts from BMO Capital, Citigroup, Truist Securities, Baird, and DA Davidson have all lowered their price targets for Polaris. The company has faced a 20.34% decline in revenue over the past three months, but maintains strong net margins, ROE, and ROA. However, its debt-to-equity ratio is higher than the industry average.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 12:01 pm