Streetbeat News

Revenues

VRT

Vertiv Holdings has raised its FY24 revenue guidance to a range of $7.59 billion to $7.74 billion, up from the previous range of $7.54 billion to $7.69 billion. The new guidance is slightly above the market estimate of $7.69 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:59 am

VRT

Vertiv Holdings (NYSE:VRT) reported Q2 2024 adjusted EPS of $0.67, beating the $0.57 estimate. Sales were $1.953 billion, surpassing the $1.939 billion estimate and marking a 12.63% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:57 am

V

Visa Inc. (NYSE:V) shares fell over 3% in pre-market trading after the company slightly missed Q3 revenue estimates. Despite the miss, Visa reported strong growth in payment volume, cross-border volume, and processed transactions.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 9:53 am

AAPL

NVDA

TSM

Japan's Prime Minister Fumio Kishida announced a new bill to boost domestic investment in AI and semiconductor production. The bill aims to support research, development, and large-scale production of next-generation chips, particularly through Rapidus Corp. This move is part of Japan's strategy to triple its domestic semiconductor sales by 2030 and diversify its chip supply chain. The announcement comes amid global semiconductor rivalry, particularly between the U.S. and China. Major tech companies like Nvidia and Apple, which rely on TSMC for chips, could be impacted by these developments.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 9:40 am

ALLE

Allegion has raised its FY24 revenue growth outlook to a range of 2.5% to 3.5%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:32 am

ALLE

Allegion (NYSE: ALLE) reported Q2 earnings of $1.96 per share, beating the analyst estimate of $1.84. Sales were $965.60 million, surpassing the $953.55 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:31 am

GOOG

GOOGL

META

Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) reported strong Q2 earnings and revenue, but concerns over higher AI-related CapEx and mixed key metrics, including YouTube ad revenue, led to a stock decline. Fund manager Gene Munster emphasized the importance of AI investments to avoid future risks.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 9:22 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q2 earnings of $9.80 per share, beating the $9.36 estimate but down 16.45% from last year. Sales were $4.70B, slightly missing the $4.71B estimate but up 3.01% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:11 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) has launched online pharmacy and drug delivery services in Japan, expanding its global healthcare presence. This initiative involves collaboration with approximately 2,500 drug stores and aims to provide medications without the need for physical pharmacy visits.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 8:34 am

GILD

Gilead Sciences announced positive Phase 3 trial results for Lenacapavir, showing 100% efficacy in preventing HIV infections in cisgender women.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:33 am