Streetbeat News

Revenues

SPOT

Spotify's Q2 2024 results showed strong margin gains, record free cash flow, and robust subscriber growth, leading JP Morgan analyst Doug Anmuth to maintain an Overweight rating. Despite missing revenue estimates, Spotify's EPS beat expectations, and its guidance for Q3 gross margin and operating income exceeded consensus. Shares closed 12% higher.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 8:34 pm

EQT

EQT Corporation re-affirms its 2024 total sales volume expectation of 2,100–2,200 Bcfe, including net production curtailments. The company maintains its 2024 capital expenditures guidance and provides detailed production and financial outlook for Q3 and Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:31 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q2 revenue of $25.5 billion, beating estimates, but missed EPS expectations with 52 cents per share. Vehicle deliveries and production were down year-over-year. The company highlighted growth in its Tesla Energy segment and Cybertruck deliveries. Tesla anticipates a lower vehicle growth rate in 2024 as it focuses on new products and cost reductions.

Portfolio Pulse from Chris Katje

July 23, 2024 | 8:31 pm

FTI

TechnipFMC has been awarded a contract valued between $250M and $500M by Petrobras for the supply of flexible pipes for pre-salt fields offshore Brazil. The contract includes design, engineering, and manufacturing for water injection and gas lift, and will be recognized in Q2 2024 inbound orders.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:31 pm

EQT

EQT Corporation (NYSE:EQT) reported better-than-expected Q2 results with a loss of $(0.08) per share, beating the analyst estimate of $(0.20). Sales also surpassed expectations, reaching $1.18 billion compared to the $1.06 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:30 pm

AGR

Avangrid (NYSE:AGR) reported Q2 adjusted EPS of $0.49, beating the $0.36 estimate and showing a 133.33% increase from last year. Sales were $1.92B, surpassing the $1.72B estimate and marking a 21.17% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

July 23, 2024 | 8:30 pm

AXON

Axon Enterprise (NASDAQ:AXON) has significantly outperformed the market over the past 5 years, delivering an average annual return of 36.08%. A $1000 investment in AXON 5 years ago would be worth $4,597.84 today. The company's current market capitalization is $24.12 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 8:30 pm

TT

Trane Technologies (NYSE:TT) has significantly outperformed the market over the past 15 years, delivering an average annual return of 20.31%. A $100 investment in TT 15 years ago would be worth $1,591.50 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 8:30 pm

BDN

Brandywine Realty Trust (NYSE: BDN) reported Q2 2024 earnings per share of $0.22, missing the analyst estimate of $0.23. The company also reported sales of $125.346 million, falling short of the $126.226 million estimate. This represents a slight decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:29 pm

PKG

Packaging Corp of America (NYSE:PKG) reported Q2 2024 earnings of $2.20 per share, beating the analyst estimate of $2.14. Sales were $2.075 billion, also surpassing the $2.025 billion estimate. Despite the earnings beat, EPS decreased by 4.76% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:29 pm