Streetbeat News

Revenues

NYCB

New York Community Bancorp (NYCB) has strengthened its financial position by selling $5.9 billion in loans to JPMorgan Chase Bank. The company also plans to close an additional $200 million in mortgage warehouse loans soon, which is expected to add approximately 70 basis points to its CET1 ratio.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:52 am

BLX

Bladex (Banco Latinoamericano de Comercio Exterior) is expanding its presence in Mexico with new offices and $5 billion in annual disbursements, positioning itself as a key player in the growth of Mexican companies. Bladex has been listed on the NYSE since 1992.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:50 am

HMNF

HMN Financial (NASDAQ:HMNF) reported a Q2 EPS of $0.22, down 31.25% from $0.32 YoY, with sales of $9.702M, a slight increase from $9.70M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:14 am

VLRS

Volaris has updated its 2024 guidance, anticipating a YoY ASM growth of about -14% and an EBITDAR margin of 32%-34%. The CAPEX remains at $400 million, while the average USD/MXN rate is adjusted to Ps.17.80 to 18.00.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:00 am

VLRS

Volaris has provided its Q3 2024 guidance, expecting a YoY ASM decrease of about 14%, TRASM of approximately $9.3 cents, CASM excluding fuel of around $5.6 cents, and an EBITDAR margin of about 33%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:59 am

CPAC

Cementos Pacasmayo reported its Q2 earnings with an EPS of S/0.09, down from S/0.10 year-over-year. However, sales increased to S/457.1M from S/442M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:50 am

PAC

Grupo Aeroportuario del Pacífico (PAC) has revised its 2024 guidance, expecting total revenue growth of 2%-4% and a decline in passenger traffic of 3%-5%. Aeronautical revenues are projected to decrease by 2%-4%, while non-aeronautical revenues are expected to grow by 20%-22%. EBITDA is forecasted to range from a 1% decline to a 1% increase.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:35 am

NHYDY

Norsk Hydro (OTC:NHYDY) reported Q2 earnings per share of $0.09, beating the $0.07 estimate, and sales of $4.78 billion, surpassing the $4.74 billion estimate. Despite the beats, both EPS and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:19 am

AMZN

GOOG

GOOGL

Amazon's strategy of selling Echo devices at low prices has resulted in billions of dollars in losses. CEO Andy Jassy is rethinking the business model, including launching a paid tier for Alexa. The company is also re-evaluating the 'downstream impact' metric developed under Jeff Bezos.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 5:15 am

LOGI

Logitech has raised its full-year outlook for Fiscal Year 2025, now expecting sales of $4.34B-$4.43B (previously $4.3B-$4.4B) versus a $4.369B consensus, and non-GAAP operating income of $700M-$730M (previously $685M-$715M).

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:11 am