Spirit Airlines Cuts Revenue Forecast, J.B. Hunt Disappoints Analysts’ Estimates, and More Earnings Updates
17 Julho 2024 - 7:28AM
IH Market News
Spirit Airlines (NYSE:SAVE) – Spirit Airlines
reduced its revenue forecast for the second quarter to $1.28
billion, down from the previous estimate of $1.32-1.34 billion, due
to lower ancillary revenue. Revenue per passenger is estimated at
$64, below expectations. The adjusted negative operating margin is
projected between 13.5% and 12.5%. Shares fell 6.33% in pre-market
trading.
ASML (NASDAQ:ASML) – ASML will report
second-quarter results before the market opens on Wednesday. An
increase in orders is expected as customers expand capacity to meet
demand for AI chips. Attention will be on older equipment purchases
by Chinese companies due to Western restrictions on advanced
technology. Shares fell 6.55% in pre-market trading.
Johnson & Johnson (NYSE:JNJ) – J&J will
report second-quarter results today before the market opens.
Analysts expect the pharmaceutical company to report earnings of
$2.71 per share, slightly below last year’s $2.80. Expected revenue
is $22.33 billion, down from $25.53 billion previously. Shares rose
0.71% in pre-market trading.
Taiwan Semiconductor Manufacturing Co
(NYSE:TSM) – TSMC is expected to report a quarterly net profit of
approximately $7.22 billion on Thursday, a 29% increase from the
previous year. Estimated second-quarter revenue is NT$673.51
billion, driven by high demand for PC and smartphone chips,
especially with the anticipated iPhone launch. Shares fell 3.31% in
pre-market trading.
Interactive Brokers (NASDAQ:IBKR) – The online
brokerage firm Interactive Brokers exceeded market expectations by
posting adjusted earnings of $1.76 per share and revenue of $1.29
billion. These results surpassed analysts’ predictions of $1.74 per
share and $1.27 billion in revenue, according to LSEG. The company
also reported a significant 28% growth in customer accounts and a
32% increase in margin loans year-over-year.
J.B. Hunt (NASDAQ:JBHT) – The transportation
and logistics company J.B. Hunt disappointed analysts’ estimates in
the second quarter. Earnings were $1.32 per share, while analysts
surveyed by LSEG anticipated $1.52 per share. Additionally, revenue
reached $2.93 billion, falling short of the $3.04 billion expected
by analysts. The company faced challenges from increased insurance
expenses and a weakened freight market, affecting competitiveness
in road transportation.
Omnicom (NYSE:OMC) – The marketing and
communications company announced earnings that matched analysts’
expectations. Omnicom reported adjusted earnings of $1.95 per
share, exactly as predicted by analysts consulted by FactSet. The
company reported revenue of $3.85 billion, slightly surpassing the
expectations of $3.83 billion.
Hancock Whitney (NASDAQ:HWC) – Hancock Whitney
Bank reported increased second-quarter earnings despite a decline
in deposits. Net income was $114.6 million, or $1.31 per share,
above last year’s $108.6 million, or $1.24 per share, beating the
forecast of $1.20 per share. Adjusted revenue before provisions
rose to $156.4 million. However, loans decreased by 1%, and
deposits fell by 2%.
Fulton Financial (NASDAQ:FULT) – Fulton
Financial exceeded analysts’ expectations in its second-quarter
earnings per share, reporting 47 cents against an estimate of 30
cents. Its revenue of $246.28 million also surpassed analysts’
estimate of $235.55 million, representing an increase of 4.55%.
Pinnacle Financial Partners (NASDAQ:PNFP) –
Pinnacle Financial reported second-quarter earnings of $1.63 per
share, above the consensus estimate of $1.60, but below last year’s
$1.79, adjusted for non-recurring items. Revenue was $366.55
million, 14.04% below the estimate and lower compared to $489.23
million in the same quarter last year.
America Movil (NYSE:AMX) – The Mexican
telecommunications company reported a loss of $60 million in the
second quarter, influenced by the devaluation of the Mexican peso.
The company’s revenue increased by 1.5%, reaching $11.24 billion,
and EBITDA rose nearly 6%, totaling around $4.54 billion.
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