Streetbeat News

Revenues

NISN

Nisun International (NASDAQ:NISN) has signed a purchase agreement with ZTO Yunpei, resulting in sales exceeding $68.7 million. This partnership marks a significant expansion in China's egg market for both companies.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:27 pm

GE

GE Aerospace reported mixed Q2 2024 results with adjusted revenue growth of 4% YoY to $8.22 billion, missing the consensus of $8.462 billion. However, the company raised its full-year profit and cash flow guidance, driven by double-digit growth in orders, operating profit, and free cash flow. Adjusted EPS was $1.20, beating the consensus of $0.99. GE shares are trading higher by 1.77% premarket.

Portfolio Pulse from Akanksha Bakshi

July 23, 2024 | 1:21 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) shares are down after the company reported mixed Q2 results and issued soft guidance for Q3. Revenue slightly beat estimates, but earnings missed. The company expects Q3 revenue and earnings to be below analyst expectations.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 1:16 pm

GE

GE Aerospace has revised its FY24 outlook, now expecting revenue growth in the high single digits, down from the previously anticipated low double digits. However, the company has raised its adjusted EPS guidance to $3.95-$4.20, up from the prior $3.80-$4.05, compared to the $4.08 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:13 pm

COIN

ETHE

GBTC

Crypto trader Evanss6 discusses the launch of Ethereum ETFs, highlighting potential impacts on trading volumes and comparisons to Bitcoin ETFs. Key points include low spot trading volumes on Coinbase, differences in seasonality, and Grayscale’s Ethereum Trust trading at a minimal discount. Predictions for Ethereum ETF inflows vary, with some expecting significant capital inflows and price increases.

Portfolio Pulse from Khyathi Dalal

July 23, 2024 | 1:07 pm

KRNL

KRNLU

AIRO Group Holdings and Kernel Group Holdings announced the effectiveness of their registration statement with the SEC, paving the way for AIRO's public listing on Nasdaq. AIRO reported $43M in revenue for 2023 and $1.1B in eVTOL orders.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:04 pm

MOH

Molina Healthcare is set to acquire ConnectiCare for $350 million, expanding its government managed care presence into Connecticut. The acquisition is expected to add $1.00 per share to earnings and represents 25% of 2024 premium revenue.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:02 pm

NVR

NVR (NYSE:NVR) reported Q2 earnings per share (EPS) of $120.69, missing the analyst estimate of $121.21 by 0.43%. However, the company beat sales estimates with $2.61 billion, a 3.98% increase over the expected $2.51 billion. Year-over-year, EPS increased by 3.56% and sales by 11.63%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:02 pm

OCTO

Eightco Holdings' subsidiary, Forever 8 Fund, has achieved $100 million in revenues from its refurbished Apple smartphone division since April 2021.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:01 pm

SPY

Veteran Wall Street investor Ed Yardeni downplays recession odds, citing strong earnings support for the current bull market. He notes recent market volatility with mega-cap stocks declining and small/mid-cap stocks rising, but believes the selloff is temporary. Yardeni highlights the importance of upcoming economic reports and substantial inflows into US equities as positive indicators.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 12:57 pm