Streetbeat News

Revenues

DPZ

Domino's Pizza reported a 4.8% increase in U.S. same-store sales and a 2.1% increase in international same-store sales (excluding forex) for Q2. The company also achieved a global net store growth of 175 stores.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:08 am

WNS

WNS has revised its FY25 revenue forecast from $1.293B - $1.357B to $1.29B - $1.354B, slightly below the estimated $1.316B. The company also adjusted its EPS forecast from $4.34 - $4.59 to $4.42 - $4.68, slightly above the estimated $4.43.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:07 am

KBR

KBR has secured a contract with Kuwait Oil Company to develop a masterplan for 17GW of renewables and 25GW of green hydrogen by 2050. The project includes advisory consulting services for wind and solar power deployment, power storage, and green hydrogen production.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:05 am

STLA

WWR

Westwater Resources has signed a binding off-take agreement with Fiat Chrysler Automobiles, part of Stellantis, to supply natural graphite anode material. This agreement, along with a previous one with SK ON, secures 100% of Westwater's Kellyton Phase 1 capacity. Westwater is now seeking debt financing to complete the construction of its Kellyton plant.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:03 am

CBSH

Commerce Bancshares (NASDAQ:CBSH) reported Q2 earnings per share (EPS) of $1.07, beating the estimate of $0.95. The company also reported sales of $414.49 million, surpassing the $406.86 million estimate. Both EPS and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:03 am

F

TM

TSLA

Tesla and Ford saw a decline in new vehicle registrations in the EU in the first half of the year, while overall car registrations in the region increased. Japanese automakers Toyota and Nissan, along with European and Chinese competitors, experienced significant growth.

Portfolio Pulse from Anan Ashraf

July 18, 2024 | 9:57 am

F

FTXR

RDIV

Ford Motor Company (NYSE:F) launched the Ford Pro Smart Charging Bundle in California, offering free chargers to businesses using Ford Pro Charging software. This initiative aims to reduce costs and enhance operations for businesses. The all-electric E-Transit reduces maintenance costs and allows off-peak charging. Ford's smart charging software helps manage charging operations efficiently. The U.S. electric vehicle market is expected to hit 50% by 2030. Investors can gain exposure to Ford via First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) and Invesco S&P Ultra Dividend Revenue ETF (NYSE:RDIV).

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 9:51 am

MTB

M&T Bank reported Q2 2024 sales of $2.302 billion, surpassing the estimated $2.277 billion.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:41 am

ADBE

Figma Inc. has secured a $12.5 billion valuation through a secondary share sale involving prominent investment firms. This valuation is significantly lower than the previously terminated $20 billion acquisition deal with Adobe Inc. due to antitrust concerns raised by the European Union.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 9:12 am

TSM

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMC) reported strong Q2 results with revenue and earnings growth above estimates, driven by high demand for AI chips. The company provided an optimistic Q3 guidance and expects 2024 to be a strong growth year. However, the stock faced a decline due to geopolitical concerns.

Portfolio Pulse from Shanthi Rexaline

July 18, 2024 | 8:11 am