Streetbeat News

Revenues

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

TEL

TE Connectivity reported Q3 orders of $4.1 billion, marking a 4% year-over-year increase and a 3% sequential rise, driven by momentum in artificial intelligence programs.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:06 am

TEL

TE Connectivity has provided its Q4 FY24 outlook, expecting net sales of $4.0 billion and adjusted EPS of $1.94, slightly above estimates. GAAP EPS is projected at $1.80, up 3% year over year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:05 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell over 7% in premarket trading after reporting Q2 earnings that missed expectations on key metrics like auto gross margin and free cash flow. Despite a modest revenue increase, concerns were raised due to reliance on regulatory credits and lower 2024 volume growth projections.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 10:04 am

VRT

Vertiv Holdings has announced its Q3 revenue forecast to be between $1.935 billion and $1.985 billion, compared to the consensus estimate of $1.971 billion. The company also expects adjusted EPS to be between $0.65 and $0.69, higher than the estimated $0.63.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:04 am

GM

TSLA

General Motors (GM) has halted the development of its Origin autonomous vehicle, citing regulatory concerns, but Tesla CEO Elon Musk claims the real reason is GM's technological shortcomings. GM will now focus on the next-generation Chevrolet Bolt for its Cruise unit's autonomous operations. Cruise co-founder Kyle Vogt expressed disappointment, accusing GM of abandoning innovative projects prematurely.

Portfolio Pulse from Anan Ashraf

July 24, 2024 | 10:03 am

TMO

Thermo Fisher Scientific has raised its FY24 revenue guidance from a range of $42.3 billion-$43.3 billion to $42.4 billion-$43.3 billion, slightly above the previous estimate of $42.96 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:02 am