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ARW

Arrow Electronics (NYSE:ARW) reported Q2 earnings of $2.78 per share, beating the $2.16 estimate by 28.7%. Sales were $6.89 billion, surpassing the $6.52 billion estimate by 5.72%. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

NSIT

Insight Enterprises reported Q2 2024 adjusted EPS of $2.46, missing the estimate of $2.82. Sales were $2.162 billion, also below the expected $2.467 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

GWW

W.W. Grainger (NYSE:GWW) reported Q2 2024 adjusted EPS of $9.76, beating the $9.58 estimate, but sales of $4.312 billion missed the $4.348 billion estimate. EPS increased by 5.17% year-over-year, while sales grew by 3.11%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

CRIS

Curis (NASDAQ:CRIS) reported Q2 2024 GAAP EPS of $(2.03), missing the $(1.67) estimate, but sales of $2.546M beat the $2.064M estimate. EPS improved by 17.81% YoY, and sales increased by 15.89% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

MCK

McKesson has announced a 15% increase in its quarterly dividend, raising it from $0.62 to $0.71 per share. The dividend will be payable on October 1, 2024, to stockholders of record on September 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

ME

23andMe has received a preliminary non-binding proposal from CEO Anne Wojcicki to acquire all outstanding shares not owned by her or her affiliates for $0.40 per share. A special committee is reviewing the proposal with Wells Fargo as the financial advisor and Dechert LLP as the legal advisor.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

DTIL

Precision BioSciences reported a Q2 2024 GAAP EPS of $4.67, significantly beating the estimated loss of $(1.38). The company's sales were $49.898 million, which may not be comparable to the estimated $8.856 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

UNIT

Uniti Group has provided its revenue guidance for FY24, projecting between $1.154 billion and $1.174 billion, compared to the estimated $1.165 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

HTZ

Hertz Global Holdings (NASDAQ:HTZ) reported Q2 2024 adjusted EPS of $(1.44), missing the $(0.90) estimate by 60%. Sales were $2.40B, missing the $2.46B estimate by 2.49% and down 1.52% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:01 pm

HALO

In the last three months, 14 analysts have published ratings on Halozyme Therapeutics (NASDAQ:HALO), with a mix of bullish and neutral perspectives. The average 12-month price target is $58.14, reflecting a 3.82% increase from the previous target. Analysts have maintained or raised their ratings, with notable price target adjustments from firms like Goldman Sachs, Benchmark, and Wells Fargo. Halozyme Therapeutics has shown strong financial performance with impressive net margins and ROE, but faces higher financial risk due to its debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 12:01 pm