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Revenues

MICS

Singing Machine's subsidiary, SemiCab, has announced a contracted revenue backlog of over $9 million.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:09 am

UHAL

U-Haul plans to build a new retail, moving, and self-storage center in Athens, which could enhance its service offerings and customer reach in the region.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:08 am

GILT

Gilat Satellite Networks Ltd. (GILT) has secured a contract worth over $5 million from a national defense organization to upgrade its transportable SATCOM network hubs.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:04 am

SNDL

SNDL Inc. has announced a restructuring project aimed at reducing corporate overheads, which includes the reduction of 106 full-time employees. The project is expected to save over $20 million annually, with a one-time investment of $11 million over the next 18 months. Savings are expected to be realized by mid-2025, with some benefits starting in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:03 am

PNC

PNC Financial Services reported a decrease in Q2 net interest income to $3.302 billion from $3.510 billion year-over-year, while Q2 noninterest income increased to $2.109 billion from $1.783 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:54 am

BAC

Bank of America reported its Q2 financial results, showing a 3% decline in consumer banking revenue to $10.2 billion. However, sales and trading revenue increased by 9%, and total investment banking fees rose by 29%.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:50 am

ANGO

AngioDynamics forecasts fiscal year 2025 sales of $282M-$288M, representing growth of 4.2% – 6.4% over fiscal 2024 pro forma revenue of $270.7M. Med Tech net sales are expected to grow 10%-12%, Med Device net sales 1%-3%. Gross margin is projected to be 52%-53%, with an adjusted EBITDA loss of $2.5M to $0, compared to a pro forma adjusted EBITDA loss of $3.2M in fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:47 am

BAC

Bank of America (NYSE:BAC) reported Q2 2024 earnings per share of $0.88, surpassing the analyst estimate of $0.80. The company also reported total revenue of $25.537 billion, exceeding the estimate of $25.220 billion. This represents a 0.81% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:45 am

HES

IYE

XLE

XOM

Exxon Mobil Corporation plans to drill up to 30 wells in Guyana's Hammerhead project, aiming to boost daily oil output. The project, pending government approval, is expected to start production in 2029 and increase Guyana's capacity to over 1.4 million barrels per day. Exxon anticipates Hammerhead will produce 120,000-180,000 barrels of crude daily. The Stabroek joint venture generated significant profits for Exxon, Hess Corp., and CNOOC. Investors can gain exposure to Exxon via Energy Select Sector SPDR Fund and iShares U.S. Energy ETF.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 10:41 am

UNH

UnitedHealth Group reported Q2 2024 adjusted EPS of $6.80, beating the estimate of $6.66. Sales were $98.855 billion, also surpassing the estimate of $98.836 billion.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:56 am