Streetbeat News

Stock Prices

INTC

Intel (INTC) has announced a $10 billion cost reduction plan aimed at increasing efficiency and market competitiveness. The plan includes a more than 15% headcount reduction to resize and refocus the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:04 pm

INTC

Intel shares are trading lower following worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:03 pm

INTC

Intel has provided its Q3 2024 guidance, forecasting non-GAAP EPS of $(0.03) and revenue between $12.5 billion and $13.5 billion, compared to the estimated $12.944 billion. The company also provided GAAP and non-GAAP estimates for gross margin and tax rate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:03 pm

AMZN

Amazon shares are trading lower following mixed Q2 earnings and soft Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:03 pm

AAON

AAON (NASDAQ:AAON) reported Q2 2024 earnings per share (EPS) of $0.62, surpassing the analyst consensus estimate of $0.52 by 19.23%. The company also reported quarterly sales of $313.566 million, exceeding the estimate of $283.767 million by 10.50%. This represents a 10.43% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:02 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) reported Q2 2024 earnings of $3.17 per share, beating the analyst estimate of $3.07. Sales were $507.431 million, surpassing the $490.655 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:02 pm

INTC

Intel (NASDAQ: INTC) reported Q2 earnings of $0.02 per share, missing the analyst estimate of $0.10 by 80%. Sales were $12.83 billion, slightly below the $12.94 billion estimate. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:01 pm

CRSR

Corsair Gaming (NASDAQ:CRSR) reported Q2 2024 adjusted EPS of $(0.07), missing the $0.05 estimate by 240%. Sales were $261.3M, missing the $290.301M estimate by 9.99%. This represents a 177.78% decrease in EPS and a 19.71% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:01 pm

ETN

Eaton Corporation PLC (NYSE:ETN) shares fell by 2.9% to $295.98 after reporting Q2 2024 results. Despite beating EPS and sales estimates, the stock declined. Eaton raised its full-year guidance, citing strong demand and increased backlog.

Portfolio Pulse from Henry Khederian

August 01, 2024 | 8:00 pm

VIR

Trading for a specific asset was halted at 4:00:10 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:00 pm