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FLEX

Flex Ltd. has provided its Q2 revenue guidance, expecting between $6.2 billion and $6.8 billion, compared to the $6.27 billion estimate. The company also forecasts adjusted EPS in the range of $0.52 to $0.60, versus the $0.55 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:13 pm

GPI

Group 1 Automotive Inc (NYSE:GPI) reported mixed Q2 FY24 earnings with sales growth of 3% year-on-year to $4.696 billion, missing the consensus estimate. New vehicle sales grew, but gross profit and operating income declined. Adjusted EPS beat expectations. The company faced challenges from a CDK Global outage and adverse weather events. GPI repurchased shares and is focused on acquiring Inchcape’s U.K. retail automotive business.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 12:12 pm

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) announced a $2M offering of 469,340 shares of common stock at $4.24 per share, priced at-the-market under Nasdaq rules. Additionally, the company will issue warrants to purchase up to 938,680 shares at $3.99 per share in a concurrent private placement. The closing is expected around July 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:11 pm

RARE

Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) will present updates on its GTX-102 Angelman Syndrome program at the ASF Family Conference and Research Symposium on July 24, 2024. The presentation will cover clinical data, regulatory progress, and next steps for the investigational antisense oligonucleotide.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:09 pm

FLEX

Flex (NASDAQ:FLEX) reported Q1 earnings of $0.51 per share, beating the analyst estimate of $0.41. Sales were $6.31 billion, surpassing the $5.90 billion estimate. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:09 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has announced a delay in the unveiling of its dedicated robotaxi product to October 10th. CEO Elon Musk cited the need for important changes and additional preparations. The robotaxi will rely on Tesla's full self-driving (FSD) technology, with the first unsupervised rides potentially happening by the end of 2024. Regulatory approval is not expected to be a major hurdle.

Portfolio Pulse from Anan Ashraf

July 24, 2024 | 12:09 pm

TSLA

Elon Musk's proposal for Tesla to invest $5 billion in Grok parent xAI has received support from market experts Dan Ives, Jim Cramer, and Sawyer Merritt. The investment aims to capitalize on xAI's advancements, including the training of the Memphis Supercluster with 100,000 Nvidia H100 GPUs.

Portfolio Pulse from Pooja Rajkumari

July 24, 2024 | 12:08 pm

APH

Amphenol Corp's Board of Directors has approved a 50% increase in the company's quarterly dividend, raising it from $0.11 to $0.165 per share. The new dividend will be paid on October 9, 2024, to shareholders of record as of September 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:07 pm

GD

General Dynamics shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:07 pm

APH

Amphenol Corp expects Q3 2024 sales to be between $3.70B and $3.80B, significantly higher than the $3.38B estimate. Adjusted EPS is projected to be between $0.43 and $0.45, also above the $0.41 estimate. This represents a 16%-19% increase in sales and a 10%-15% increase in EPS compared to the prior year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:05 pm