Streetbeat News

Revenues

KMB

Kimberly-Clark (NYSE:KMB) reported Q2 2024 adjusted EPS of $1.96, beating the $1.71 estimate, but sales of $5.029 billion missed the $5.109 billion estimate. EPS increased by 18.79% year-over-year, while sales decreased by 2.05%.

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July 23, 2024 | 10:32 am

GM

General Motors (NYSE:GM) reported Q2 2024 adjusted EPS of $3.06, beating the estimate of $2.72. Sales were $47.969 billion, surpassing the $45.302 billion estimate and showing a 7.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:30 am

GE

GE Aerospace has raised its FY24 outlook, now expecting revenue growth in the high single digits, up from the previous low single digits. The adjusted EPS forecast has also been increased to $3.95-$4.20, compared to the prior $3.80-$4.05, and is in line with the $4.08 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:29 am

GE

GE Aerospace reported a significant increase in total orders for Q2, reaching $11.2 billion, an 18% year-over-year growth.

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July 23, 2024 | 10:26 am

CNC

Centene expects to report Q2 GAAP EPS of $2.16 and adjusted EPS of $2.42, surpassing estimates of $1.96. The Centers for Medicare and Medicaid Services published the final risk adjustment transfers for the 2023 benefit year, resulting in a $0.0 billion receivable for Centene. As of March 31, 2024, Centene had recorded a $1.3 billion 2023 risk adjustment payable on its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:14 am

CSTM

Constellium has paused its FY24 guidance for adjusted EBITDA due to uncertainty around the impact of severe flooding at its facilities in Switzerland. The extent of the damage and the timing to restart production are currently unknown.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:14 am

MMYT

MakeMyTrip (NASDAQ:MMYT) reported strong Q1 2025 earnings, with an adjusted EPS of $0.39 beating the $0.27 estimate and sales of $243.658 million surpassing the $242.186 million estimate. This represents a 30% increase in EPS and a 22.88% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:13 am

CSTM

Constellium anticipates generating free cash flow exceeding €100 million in 2024, indicating strong financial health and potential for growth.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:11 am

DHR

Danaher anticipates a low-single digit year-over-year decline in non-GAAP core revenue for both the third quarter and full year of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:10 am

BANC

Banc of California (NYSE:BANC) reported Q2 earnings per share (EPS) of $0.12, missing the analyst estimate of $0.19 by 36.84%. However, the company reported sales of $259.28 million, beating the estimate of $240.12 million by 7.98%. EPS decreased by 62.5% year-over-year, while sales increased by 272.36%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:08 am