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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

LITE

SPRC

TSBX

Lumentum Holdings Inc. (NASDAQ:LITE) shares surged 16.4% after reporting better-than-expected Q4 earnings and strong Q1 revenue guidance. Other notable pre-market movers include SciSparc Ltd. (NASDAQ:SPRC) up 90.1% after court approval for a merger, and Turnstone Biologics Corp. (NASDAQ:TSBX) down 40.5% after poor Q2 EPS results.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 10:32 am

PHGE

BiomX announced a one-for-ten reverse stock split, effective August 26. This corporate action is aimed at increasing the per-share trading price of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:31 am

BABA

Alibaba Group (NYSE:BABA) reported Q1 adjusted earnings per share of $2.26, beating the analyst estimate of $2.13. However, sales of $33.47 billion missed the $34.81 billion estimate. Earnings decreased by 5.83% year-over-year, while sales increased by 3.65%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:31 am

BP

EIPX

HJEN

SHEL

BP p.l.c. (NYSE:BP) informed federal regulators that Venture Global LNG does not need additional time to start commercial production at its Calcasieu Pass plant. This plant has been central to a dispute involving BP and Shell plc (NYSE:SHEL) over LNG access. The plant is expected to bolster the U.S.'s position as a leading LNG exporter. BP shares are up 0.77% premarket.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 10:24 am

DE

Deere shares are trading higher after the company reported better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:16 am