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PRLB

Proto Labs (NYSE:PRLB) reported Q2 2024 adjusted EPS of $0.38, beating the estimate of $0.35. However, sales of $125.631M missed the $126.245M estimate. EPS increased by 15.15% YoY, while sales grew by 2.75% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:04 am

AMZN

ASML

CNP

INTC

LXRX

MUFG

OPEN

PCOR

SMFG

SNAP

TEAM

Intel, Amazon, Opendoor Technologies, and other major stocks experienced significant declines in pre-market trading following weak financial results and guidance. Intel's earnings and sales missed estimates, leading to a 21.5% drop in its share price.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 10:01 am

MG

MISTRAS Group (NYSE:MG) reported Q2 earnings that significantly beat estimates, with an EPS of $0.21 versus the expected $0.13, and revenue up $13.74 million from the same period last year. This strong performance is likely to positively impact the stock price in the short term.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 10:00 am

ESI

IOSP

KWR

MTX

Element Solutions (NYSE:ESI) reported Q2 earnings with an EPS of $0.36, beating estimates by 3.0%. Revenue increased by $26.60 million year-over-year. Despite the positive earnings, the stock price dropped by 3.01% the next day. Competitors Quaker Houghton, Innospec, and Minerals Technologies also reported earnings, with mixed stock price reactions.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 10:00 am

FLR

Fluor Corporation reaffirmed its FY24 adjusted EPS outlook at $2.50-$3.00, compared to the $2.85 estimate. The company also revised its adjusted EBITDA outlook to $625M-$675M, down from the previous range of $600M-$700M.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:56 am

FLR

Fluor (NYSE:FLR) reported Q2 2024 adjusted EPS of $0.85, beating the estimate of $0.68, but sales of $4.227 billion missed the $4.360 billion estimate. Sales increased by 7.31% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:54 am

TM

TSLA

VFS

VinFast Auto Ltd. (NASDAQ: VFS) has launched a new affordable electric mini SUV, the VF 3, in Vietnam, priced at $12,800. The company aims to deliver 20,000 units in 2024 and expand sales to other countries. Despite financial challenges and a declining global EV market, VinFast is pursuing expansion plans, including a new assembly plant in Indonesia and enhancing its presence in Europe. VinFast's market cap surged in August 2023, making it the third-largest automaker globally, behind Tesla Inc. (NASDAQ: TSLA) and Toyota Motor Corp. (NYSE: TM).

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 9:53 am

TILE

Interface has raised its 2024 net sales outlook to $1.30B-$1.32B from the prior $1.29B-$1.31B, surpassing the $1.298B consensus. The company also projects an adjusted gross margin of approximately 36.0% for the full fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:37 am

TILE

Interface (NASDAQ:TILE) reported Q2 2024 earnings per share of $0.40, significantly beating the analyst estimate of $0.28. The company also reported sales of $346.6 million, surpassing the estimate of $340.276 million. Both earnings and sales showed substantial year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:32 am

AMZN

META

NVDA

Amazon CEO Andy Jassy highlighted the company's multi-faceted AI strategy during a recent earnings call, emphasizing the role of Amazon Web Services (AWS) and partnerships with companies like Nvidia. Despite advancements in AI, Amazon faces challenges such as declining average selling prices and external factors impacting revenue forecasts.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 9:30 am