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ITRI

Itron has updated its Q3 and FY24 guidance, projecting higher EPS and revenue than previously estimated. For Q3, EPS is expected to be $1.10-$1.20 vs. $0.92 estimated, and revenue is projected at $590M-$600M vs. $586.09M estimated. For FY24, EPS guidance is raised to $4.45-$4.65 vs. $4.07 estimated, and revenue is increased to $2.385B-$2.415B vs. $2.38B estimated.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:33 pm

ETSY

HST

PSA

VOYA

Top Wall Street analysts have downgraded several notable stocks, including Voya Financial, Etsy, Bunge Global, Host Hotels & Resorts, and Public Storage. These downgrades have led to varying impacts on the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 12:33 pm

AMD

LRCX

Lam Research Corporation (NASDAQ:LRCX) experienced a 2.63% dip in pre-market trading despite strong quarterly earnings and projections. The company reported revenue of $3.87 million and a non-GAAP gross margin of 48.5% for the June 2024 quarter. Despite surpassing analyst revenue predictions for the next quarter, the stock dipped, likely due to high investor expectations. Increased demand for AI-powered chips benefits Lam Research, which competes with Applied Materials, ASML, and KLA Corp.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 12:33 pm

PNW

Pinnacle West Capital has provided its FY24 EPS guidance, projecting earnings per share between $4.60 and $4.80, compared to the analyst estimate of $4.76.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:33 pm

ALXO

CDNA

CVNA

HUGE

IMRX

TDOC

Carvana Co. (NYSE:CVNA) shares surged 13.4% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include FSD Pharma Inc. (NASDAQ:HUGE), Immuneering Corporation (NASDAQ:IMRX), and CareDx, Inc (NASDAQ:CDNA) among gainers, while ALX Oncology Holdings Inc. (NASDAQ:ALXO) and Teladoc Health, Inc. (NYSE:TDOC) were among the losers.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 12:32 pm

NVTS

Navitas Semiconductor has extended its Gen-3 'Fast' 650V SiC MOSFETs into a thermally-enhanced TOLL package, targeting high-power and high-reliability applications.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:32 pm

ITRI

Itron (NASDAQ:ITRI) reported strong Q2 earnings, with adjusted EPS of $1.21 beating the $0.96 estimate and sales of $609.07M surpassing the $599.10M estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:31 pm

AMD

BMO

CCL

DOV

LOGI

SERV

VST

Jim Cramer made several stock recommendations on CNBC's 'Mad Money Lightning Round.' He recommended buying AMD, Dover, and Bank of Montreal. He expressed concerns about Serve Robotics due to an upcoming secondary offering and insider selling. He also mentioned that Vistra is one of the winners of the year and will continue to perform well. Cramer prefers Royal Caribbean and Viking Holdings over Carnival. He also commented positively on Logitech as a potential Christmas play.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 12:31 pm

PNW

Pinnacle West Capital (NYSE:PNW) reported Q2 2024 GAAP EPS of $1.76, beating the estimate of $1.34 by 31.34%. Sales were $1.309 billion, surpassing the $1.208 billion estimate and showing a 16.67% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:31 pm

SPY

The USA's continuing jobless claims have risen to 1,877K, surpassing the estimated 1,860K and the prior revised figure of 1,844K.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:30 pm