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VRT

Vertiv Holdings shares are trading higher after the company reported better-than-expected Q2 EPS and sales. Additionally, the company raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:19 am

OTIS

Otis Worldwide has revised its FY2024 adjusted EPS guidance to $3.85-$3.90 from $3.83-$3.90, aligning with the $3.87 estimate. The company also lowered its FY2024 sales guidance to $14.30B-$14.50B from $14.50B-$14.80B, compared to the $14.62B estimate. Organic sales are expected to rise 1%-3%, with new equipment sales down mid-single digits and service sales up 6%-7%. Adjusted operating profit is projected to be $2.40B-$2.45B, and adjusted free cash flow is expected to be $1.5B-$1.6B.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:19 am

PERF

Perfect Corp (NYSE:PERF) reported a 9.6% increase in Q2 revenue to $13.9 million, driven by growth in AI- and AR-cloud solutions and mobile app subscriptions. Gross profit rose by 7.8% to $11.0 million, though gross margin slightly decreased due to higher third-party payment processing fees. Net income was $0.8 million, a significant improvement from a net loss of $0.2 million last year. The company saw a record high in YouCam app subscribers, growing by 18.3% year-over-year. Despite a slight decrease in key customers, the cumulative customer base expanded. PERF shares closed 1.85% higher at $2.20.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 10:15 am

PERF

Perfect's YouCam Mobile Beauty App saw an 18.3% year-over-year increase in active subscribers, reaching over 919,000 by the end of the second quarter.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:14 am

PERF

Perfect reported Q2 sales of $13.9M, missing the $14.842M estimate. The company had an adjusted net income of $1.3M and 151 key customers as of June 30, 2024, down from 152 as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:14 am

SAN

Banco Santander (NYSE:SAN) reported Q2 2024 GAAP EPS of $0.22, beating the $0.21 estimate. Sales increased by 9.87% YoY to $16.870 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:09 am

TSLA

Tesla shares are trading lower following mixed Q2 earnings. The company also said it expects 2024 vehicle volume growth to be lower than 2023.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:09 am

PPBI

Pacific Premier Bancorp (NASDAQ:PPBI) reported Q2 2024 GAAP EPS of $0.43, meeting analyst estimates, and sales of $154.616M, beating estimates by 6.07%. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:07 am

OTIS

Otis Worldwide (NYSE:OTIS) reported Q2 2024 adjusted EPS of $1.06, beating the estimate of $1.03, but sales of $3.601 billion missed the $3.727 billion estimate. EPS increased by 15.22% year-over-year, while sales decreased by 3.20%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:07 am

KBR

KBR has raised its FY24 outlook, increasing its adjusted EPS to $3.15-$3.30 from $3.10-$3.30 and GAAP EPS to $2.94-$3.09 from $2.88-$3.08. Revenue guidance remains unchanged at $7.40B-$7.70B.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:06 am