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Changpeng Zhao (CZ), the former CEO of Binance, was sentenced to four months in prison for failing to establish an effective anti-money laundering program. His net worth has dropped from $40 billion to $28.2 billion. Binance agreed to pay $4.3 billion in fines, and Richard Teng is now the CEO. The native token BNB is down 1.34% in the last 24 hours but has grown 65% YTD.

Portfolio Pulse from Aniket Verma

August 15, 2024 | 11:00 am

DIA

GLD

QQQ

SPY

USO

U.S. stock markets closed higher on August 14th, with the S&P 500 extending its winning streak to five sessions, supported by lower-than-expected inflation data. The Dow Jones Industrial Average and Nasdaq Composite also saw gains. Asian markets mostly rose, while European markets were mixed. Commodities like oil and gold saw price increases.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 10:54 am

DDS

Dillard's (NYSE:DDS) reported Q2 2024 earnings per share (EPS) of $4.59, missing the analyst consensus estimate of $5.95 by 22.86%. Sales were $1.49 billion, also below the $1.53 billion estimate. Both EPS and sales showed significant declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:53 am

TSLA

Tesla's average transaction price (ATP) has risen to $59,593, driven by the success of the high-end Cybertruck and price increases for the Model Y and Model 3. The Cybertruck, priced over $100,000, was the best-selling vehicle in the U.S. last month. Tesla's price adjustments have led to higher ATPs, despite previous price cuts to boost deliveries.

Portfolio Pulse from Anan Ashraf

August 15, 2024 | 10:52 am

TPR

Tapestry Inc. (TPR) expects FY25 revenue of $6.7 billion, slightly below the estimated $6.80 billion. The company projects earnings per share (EPS) of $4.45 to $4.50, aligning with the estimated $4.49. The EPS forecast includes a $0.35 negative impact from the suspension of share repurchase activity due to the proposed acquisition of Capri Holdings Limited and a $0.20 currency headwind.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:51 am

GLNG

Golar LNG (NASDAQ:GLNG) reported Q2 sales of $64.689 million, missing the analyst consensus estimate of $75.016 million by 13.77%. This represents a 16.56% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:51 am

TPR

Tapestry (NYSE:TPR) reported Q4 2024 adjusted earnings per share (EPS) of $0.92, beating the analyst estimate of $0.88. Quarterly sales were $1.59 billion, also surpassing the $1.58 billion estimate. However, both EPS and sales showed a year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:46 am

KORE

KORE Group has revised its FY24 revenue outlook downward from $300M-$305M to $275M-$285M, which is below the estimated $304.01M.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:38 am

AIT

Applied Industrial Technologies (AIT) has released its fiscal 2025 guidance, projecting EPS between $9.20 and $9.95, which is below the consensus of $10.14. The company expects total sales to range from a 2.5% decline to a 2.5% increase, with EBITDA margins between 12.1% and 12.3%. The guidance reflects economic uncertainty, potential margin pressures, and does not account for future acquisitions or share buybacks.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:37 am

AIT

Applied Industrial (NYSE: AIT) reported Q4 2024 GAAP EPS of $2.64, beating the estimate of $2.52. However, sales of $1.160 billion missed the estimate of $1.185 billion. EPS increased by 12.34% year-over-year, while sales saw a marginal increase of 0.17%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:33 am