H&R Block Shares Surge 10% on Profit and Dividend Boost, Applied Materials Drops 3% Despite Strong Earnings, Latest in Earnings
16 Agosto 2024 - 6:57AM
IH Market News
H&R Block (NYSE:HRB) – The tax preparation
services company reported fourth-quarter fiscal revenue of $1.063
billion and earnings per share of $1.89, exceeding forecasts of
$1.028 billion and $1.74, respectively. For 2025, the company
projects revenue between $3.69 billion and $3.75 billion, with
earnings per share between $5.15 and $5.35, also above estimates.
The company also announced a 17% dividend increase and a $1.5
billion share repurchase. Shares closed up 1% on Thursday and rose
9.6% in pre-market.
Applied Materials (NASDAQ:AMAT) – The
semiconductor equipment company reported adjusted earnings per
share of $2.12, beating estimates of $2.03, with revenue of $6.78
billion, above the forecast of $6.68 billion. Demand for artificial
intelligence chips drove growth. The company projects revenue of
$6.93 billion and earnings per share between $2 and $2.36 in the
next quarter. Shares fell 3.2% in pre-market after rising 5.1% on
Thursday.
Coherent (NYSE:COHR) – The optical and laser
solutions company for industries reported fourth-quarter fiscal
adjusted earnings of 61 cents per share on revenue of $1.31
billion. These results surpassed FactSet analysts’ expectations of
60 cents per share and $1.28 billion in revenue. Shares rose 0.03%
in pre-market after a 6.4% increase on Thursday.
Amcor (NYSE:AMCR) – The sustainable packaging
company reported $3.54 billion in revenue for the quarter, below
FactSet analysts’ expectations of $3.57 billion. However, Amcor
posted adjusted earnings of 21 cents per share, slightly above the
market estimate of 20 cents. Shares closed up 1.8% on Thursday and
fell 0.7% in pre-market.
ReNew Energy Global (NASDAQ:RNW) – The
renewable energy and sustainable solutions company reported
break-even quarterly earnings, below the estimate of $0.08 and last
year’s $0.09, with revenue of $299 million, 13.23% below
expectations.
Despegar (NYSE:DESP) – The leading travel
agency in Latin America reported 12% revenue growth, reaching $185
million in the second quarter, with adjusted net income rising 397%
to $30.2 million. Adjusted EBITDA increased 22%, driven by
operational efficiency and Travel Package sales. The company
revised its annual revenue forecast to $760 million and adjusted
EBITDA to $160 million, reflecting an optimistic outlook for 2024.
Shares are stable in pre-market after a 3% rise on Thursday.
Alvotech (NASDAQ:ALVO) – The biotechnology
company focused on biosimilar medicines reported record revenue of
$236 million in the first six months of 2024, a significant
increase from the previous year, with earnings of $65.2 million in
the second quarter. However, the second-quarter loss per share was
-$0.61, below expectations. The company attributed the loss to
financial costs but highlighted strong growth in orders and product
launches. Shares are stable in pre-market after an 8% rise on
Thursday.
Globant (NYSE:GLOB) – The digital technology
and innovation services company reported adjusted earnings per
share of $1.51 in the second quarter, above the estimate of $1.49,
and revenue of $587.5 million, an 18.1% year-over-year increase.
For the third quarter, Globant projects revenue between $611
million and $617 million, with adjusted EPS of $1.60-$1.64. Shares
are stable in pre-market after a 1.7% rise on Thursday.
Alvontech (NASDAQ:ALVO)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Alvontech (NASDAQ:ALVO)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025