Streetbeat News

Revenues

BX

Blackstone reported its Q2 2024 results with distributable EPS of $0.96 and total revenues of $2.796 billion.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:59 am

PWR

Quanta Services has completed the acquisition of Cupertino Electric for approximately $1.54 billion, consisting of $1.3 billion in cash and 883,000 shares of Quanta stock valued at $225 million. There is also a potential earnout payment of up to $200 million based on financial performance targets. Quanta expects this acquisition to significantly enhance its financial profile, including revenues, adjusted EBITDA, free cash flow, returns, and earnings per share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:59 am

BKU

BankUnited (NYSE:BKU) reported Q2 earnings of $0.72 per share, beating the analyst estimate of $0.71. Sales were $250.21 million, surpassing the $243.64 million estimate. Despite the beats, EPS decreased by 7.69% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:47 am

DHI

D.R. Horton has revised its 2024 consolidated revenues guidance to $36.8B-$37.2B from the previous range of $36.7B-$37.7B, with an estimated $36.96B. The company also updated its homes closed by homebuilding operations to 90,000-90,500 from 89,000-91,000.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:40 am

FOR

Forestar Group (FOR) has provided its fiscal 2024 revenue guidance, expecting to generate between $1.4 billion and $1.5 billion, slightly below the consensus of $1.505 billion. The company also anticipates delivering between 14,600 and 15,100 lots, adjusting its previous guidance of 14,500 to 15,500 lots.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:37 am

DIA

GLD

QQQ

SOXX

SPY

Global markets showed mixed results with U.S. stock markets closing mixed, Asia experiencing varied performance, and European markets advancing. The S&P 500 and Nasdaq fell sharply due to potential U.S. trade restrictions on China, while the Dow Jones Industrial Average rose. Commodities saw minor fluctuations, and the U.S. Dollar gained.

Portfolio Pulse from Akanksha Bakshi

July 18, 2024 | 10:36 am

IIIN

Insteel Industries is experiencing pressure on selling prices and spreads in Q4, especially in markets where it competes with imported PC strand.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:36 am

SNA

Snap-on projects capital expenditures of $100 million to $110 million for 2024, with $45 million already incurred in the first half of the year. The company also anticipates a full-year 2024 effective income tax rate of 22% to 23%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:34 am

DHI

D.R. Horton (NYSE:DHI) reported Q3 2024 earnings per share (EPS) of $4.10, surpassing the analyst estimate of $3.78 by 8.47%. The company's sales were $9.966 billion, beating the estimate of $9.771 billion by 2.00%. This represents a 2.47% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:34 am

KEY

KeyCorp (NYSE:KEY) reported Q2 2024 GAAP EPS of $0.25, meeting analyst expectations, and sales of $1.526 billion, slightly beating the $1.525 billion estimate. However, sales decreased by 4.33% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:31 am