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WBD

Warner Bros Discovery shares are trading higher following a report by the Financial Times that the company is considering splitting its digital streaming and studio businesses from its legacy television networks.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:01 am

NOK

T

Nokia Corp (NYSE:NOK) reported a significant decline in Q2 2024 net sales, missing analyst estimates and leading to a stock price drop. The company is facing challenges in the 5G equipment market and has revised its annual outlook downward. Nokia's network infrastructure division is undergoing an overhaul, and the company is making strategic moves, including a $2.3 billion investment in AI-driven data center services and plans to sell its undersea cable business. Despite some positive aspects like improved margins and a dividend distribution, the overall outlook remains cautious.

Portfolio Pulse from Anusuya Lahiri

July 18, 2024 | 11:00 am

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported worse-than-expected Q2 revenue, leading to a 10.2% drop in its stock price. The company saw a 7.1% sales growth to $1.097 billion, missing the $1.103 billion estimate. Despite a 4.8% increase in U.S. same-store sales and a 2.1% increase internationally, the company suspended its 1,100+ global net store outlook. EPS of $4.03 beat the $3.66 estimate. Domino's declared a $1.51 per share quarterly dividend and repurchased $25 million in shares.

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 10:56 am

WBD

Warner Bros Discovery is considering splitting its digital streaming and studio businesses from its legacy television networks, according to a report by the Financial Times.

Portfolio Pulse from charles@benzinga.com

July 18, 2024 | 10:43 am

DHI

D.R. Horton has approved a new share repurchase authorization totaling $4 billion.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:42 am

DHI

D.R. Horton has revised its 2024 consolidated revenues guidance to $36.8B-$37.2B from the previous range of $36.7B-$37.7B, with an estimated $36.96B. The company also updated its homes closed by homebuilding operations to 90,000-90,500 from 89,000-91,000.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:40 am

TXT

Textron shares are trading lower after the company reported a Q2 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:37 am

DIA

GLD

QQQ

SOXX

SPY

Global markets showed mixed results with U.S. stock markets closing mixed, Asia experiencing varied performance, and European markets advancing. The S&P 500 and Nasdaq fell sharply due to potential U.S. trade restrictions on China, while the Dow Jones Industrial Average rose. Commodities saw minor fluctuations, and the U.S. Dollar gained.

Portfolio Pulse from Akanksha Bakshi

July 18, 2024 | 10:36 am

IIIN

Insteel Industries is experiencing pressure on selling prices and spreads in Q4, especially in markets where it competes with imported PC strand.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:36 am

FOR

Forestar Group shares are trading lower after the company reported worse-than-expected Q3 EPS and revenues.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:35 am