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TTE

TotalEnergies SE (NYSE:TTE) reported Q2 adjusted EPS of $1.98, missing the consensus of $2.09, but sales of $53.74 billion topped the consensus of $46.35 billion. Hydrocarbon production fell 1% Y/Y, while the company saw a 4% decline in Exploration & Production and a 14% increase in Integrated LNG businesses. The Board decided to keep the second interim dividend at €0.79 per share for fiscal year 2024, a nearly 7% increase from 2023. TotalEnergies repurchased 28.1 million shares in Q2 2024 for $2 billion and approved a $2 billion share buyback for Q3 2024. The company anticipates hydrocarbon production of 2.4-2.45 Mboe/d and a refinery utilization rate above 85% in Q3 2024. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 10:55 am

RS

Reliance Steel & Aluminum Co. (RS) expects Q3 2024 adjusted EPS to be between $3.60 and $3.80, below the estimated $4.51. The company anticipates stable demand but lower shipment volumes due to seasonal patterns and lower average selling prices, particularly for carbon steel products.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:54 am

HOG

Harley-Davidson has announced a $1 billion stock buyback program that will run through 2026.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:53 am

LVWR

LiveWire Group reported its Q2 2024 GAAP EPS at $(0.12), an improvement from $(0.20) year-over-year. However, sales were $6.449 million, missing the $12.940 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:53 am

HOG

Harley-Davidson (NYSE:HOG) reported strong Q2 2024 earnings, with adjusted EPS of $1.63 beating estimates of $1.40 and sales of $1.62 billion surpassing the $1.28 billion estimate. This represents a significant year-over-year sales increase of 34.36%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:52 am

RS

Reliance (NYSE:RS) reported Q2 2024 earnings per share of $4.65, missing the analyst estimate of $4.73. The company also reported sales of $3.643 billion, slightly below the $3.650 billion estimate. This represents a 6.10% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:52 am

LUV

Southwest Airlines shares are trading lower after the company guided Q3 unit revenue to be flat to down 2%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:50 am

WEX

WEX has revised its FY24 revenue forecast from $2.73B - $2.77B to $2.68B - $2.72B, and its adjusted EPS from $16.10 - $16.60 to $15.98 - $16.38. The estimates were $2.743B for revenue and $16.25 for EPS.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:50 am

HZO

MarineMax has reaffirmed its FY24 adjusted EPS outlook of $2.20 to $3.20, compared to the estimated $2.37.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:48 am

NOC

Northrop Grumman has raised its FY24 sales guidance from $40.8B-$41.2B to $41.0B-$41.4B, surpassing the $41.14B estimate. Additionally, the company has increased its FY24 MTM-adjusted EPS guidance from $24.45-$24.85 to $24.90-$25.30.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:48 am