Streetbeat News

Stock Prices

GNRC

Generac shares are trading higher after the company reported Q2 earnings and announced an investment in Wallbox.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:35 pm

RMNI

Rimini Street (NASDAQ:RMNI) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.04 estimate by 125%. Sales were $103.10M, missing the $105.44M estimate by 2.22% and down 3.12% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:35 pm

KHC

Kraft Heinz (NASDAQ:KHC) reported a 3.6% decline in Q2 FY24 revenue to $6.48 billion, missing analyst estimates. Despite a 1.5% increase in gross profit, operating income fell by 62.1%. The company maintained its FY24 adjusted EPS outlook and declared a $0.40 dividend. Shares are up 2.54% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 1:32 pm

AMD

INTC

JPMorgan analyst Harlan Sur has raised his outlook for AMD, citing impressive Q2 earnings and strong growth in data center GPU revenue. AMD's data center division saw a 115% year-over-year increase, and the company is expected to continue gaining market share from Intel in the server and PC CPU segments. Sur has set a $180 price target for AMD by 2025, implying a 30% upside from its current price.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 1:32 pm

LPTH

LightPath Technologies shares are trading higher after the company announced it began delivering advanced thermal camera systems for Lockheed Martin's missile program.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:31 pm

MA

Mastercard Inc (NYSE: MA) reported strong Q2 earnings with net revenues of $7.0 billion, beating estimates. Adjusted EPS rose 24% to $3.59. Growth was driven by increased consumer spending, travel, and demand for value-added services. Mastercard's stock is up 2.71% premarket.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 1:31 pm

AMD

DELL

Dell shares are trading higher as AI-related stocks gain following strong earnings from AMD.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:27 pm

AMD

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) shares are surging in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD), which reported strong Q2 financial results. AMD's revenue and earnings beat analyst estimates, driven by record Data Center segment revenue and accelerating AI business. AMD's positive outlook for Q3 and GPU revenue has boosted investor optimism in semiconductor stocks, including SMCI. Additionally, potential new US rules to limit semiconductor equipment exports to China may also be influencing the sector.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 1:24 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading lower following the company's fourth-quarter financial results. Despite beating revenue and earnings estimates, the stock faced selling pressure due to slightly lower-than-expected Azure growth. Analysts have mixed reactions, with some adjusting their price targets.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 1:24 pm

PINS

Pinterest Inc (NYSE:PINS) shares are trading lower after the company reported Q2 financial results and issued Q3 guidance below estimates. Despite beating Q2 revenue and EPS estimates, the stock is facing selling pressure due to lower-than-expected Q3 revenue guidance. Analysts have lowered their price targets while maintaining positive ratings.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 1:22 pm