Streetbeat News

Revenues

WIT

Wipro reported its Q2 2025 financial results with a GAAP EPS of $0.07, which was in line with expectations. The company also reported gross revenue of $2.663 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:44 am

WIT

Wipro anticipates its Q3 revenue from the IT services business segment to range between $2.607 billion and $2.66 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:43 am

WIT

Wipro reported Q2 earnings per share of $0.07, meeting analyst expectations, but its sales of $2.66 billion slightly missed the $2.67 billion estimate, marking a 1.73% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:42 am

CMC

Commercial Metals Company (CMC) anticipates a decline in Q1 fiscal 2025 financial results compared to Q4 fiscal 2024 due to macroeconomic uncertainty and temporary dampened sentiment in the construction industry. The North America Steel Group expects normal seasonal trends, while the Europe Steel Group anticipates a significant increase in adjusted EBITDA due to a CO2 credit. Emerging Businesses Group results are expected to decline due to seasonality and economic uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:41 am

PSN

Parsons has been awarded a seat on a $225 million contract by the US Army Corps of Engineers for environmental remediation, supported by the Infrastructure Investment and Jobs Act.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:38 am

CMC

Commercial Metals (NYSE:CMC) reported Q4 2024 earnings per share of $0.90, slightly beating the estimate of $0.89, but sales of $1.996 billion missed the $2.001 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:37 am

RIG

Transocean has secured a $193 million, one-year contract for its Deepwater Conqueror with an undisclosed operator in the US Gulf of Mexico. The contract is set to begin in October 2025 and will add to the company's backlog.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:35 am

DOOO

BRP Inc. has started the sale process for its marine businesses, expecting completion by Q1 2026. The company does not anticipate any impact on its FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:34 am

SNA

Snap-on reported Q3 2024 earnings per share of $4.70, surpassing the analyst estimate of $4.59. However, its sales of $1.147 billion fell short of the $1.157 billion estimate, marking a 1.04% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:32 am

MS

SPY

USO

U.S. markets closed higher with the Dow Jones hitting a record high, driven by strong earnings from Morgan Stanley. Most sectors on the S&P 500 ended higher, with utilities, financials, and real estate stocks leading the gains. Crude oil prices remained steady amid Middle East developments.

Portfolio Pulse from Akanksha Bakshi

October 17, 2024 | 10:25 am