Streetbeat News

Revenues

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

TSM

Taiwan Semiconductor Manufacturing Company (TSM) has provided its Q3 revenue guidance, expecting between $22.4 billion and $23.2 billion, compared to the $22.66 billion estimate. The company also anticipates a gross margin of 53.5%-55.5% and an operating margin of 42.5%-44.5%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:49 am

EWU

The U.K. Employment Change for the three months ending in May showed an increase of 19,000 jobs, surpassing the estimated 18,000 and significantly improving from the previous decline of 140,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:11 am

TSM

Taiwan Semiconductor (NYSE: TSM) reported Q2 2024 earnings of $1.48 per share, beating the analyst estimate of $1.40. Sales were $20.820 billion, surpassing the $20.232 billion estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:08 am

TSM

TSMC reported a 40.1% year-over-year increase in second-quarter consolidated revenue to NT$673.51 billion, a 9.9% increase in net income to NT$247.85 billion, and earnings per share of NT$9.56 ($1.48 per ADR unit).

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:01 am

AAPL

MSFT

Microsoft has launched its AI image generation tool, Microsoft Designer, as a free iOS app, outpacing Apple. The app allows users to generate images using text prompts and offers various editing tools. This launch comes ahead of Apple's expected release of its own AI image tool, Apple Intelligence. Analysts predict a significant boost to Microsoft's valuation due to the AI revolution.

Portfolio Pulse from Ananya Gairola

July 18, 2024 | 5:56 am