Innovator U.S. Equity Buffer ETF - December (BATS: BDEC)

Latest news for Innovator U.S. Equity Buffer ETF - December (BATS:BDEC)

The fund invests at least 80% of its net assets in FLexible EXchange Options (FLEX Options) that reference the S&P 500 Price Return Index (S&P 500 Price Index). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. It is non-diversified.

Innovator US Equity Buffer ETF -December

Innovator U.S. Equity Buffer ETF - December

Graco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGG#NYSE">GGG</a>) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.76 by 1.32 percent. This is a 2.67 percent increase over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $553.243 million which missed the analyst consensus estimate of $563.105 million by 1.75 percent. This is a 1.14 percent decrease over sales of $559.644 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

Graco Q2 2024 Adj EPS $0.77 Beats $0.76 Estimate, Sales $553.243M Miss $563.105M Estimate

Guidance

Ford Says 'Outlooks for full-year EBIT are up for Ford Pro, to $9.0 billion to $10.0 billion, on further growth and favorable product mix, and down for Ford Blue, to $6.0 billion to $6.5 billion, reflecting higher warranty costs than originally planned.'

KLAC

KLA Sees Q1 2025 Adj. EPS $7.00 ± $0.60 Vs $6.15 Est.; Revenue $2.75B ± $150M Vs $2.519B Est.

Outlook
For 2024, management is anticipating the following:
<ul>
<li>Full year comparable restaurant sales growth in the mid to high-single digit range</li>
<li>285 to 315 new restaurant openings with over 80% having a Chipotlane
<ul>
<li>An estimated underlying effective full year tax rate between 25% and 27% before discrete items</li>
</ul>
</li>
</ul>

Chipotle Mexican Grill Sees FY24 Comparable Restaurant Sales Growth In The Mid To High-Single Digit Range; 285-315 New Restaurant Openings With Over 80% Having A ChipotLane; An Estimated Underlying Effective Full Year Tax Rate Between 25%-27% Before Discrete Items

Cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) has acknowledged that a bug in its safety mechanism caused last week's <a target="_blank" href="https://www.benzinga.com/trading-ideas/24/07/39903295/how-a-faulty-cybersecurity-update-from-crowdstrike-unleashed-chaos-on-global-infrastructure-while-m" rel="noreferrer noopener">massive global IT outages</a>.
The issue stemmed from a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39871636/crowdstrike-issues-statement-following-massive-outage-that-stemmed-from-content-update-for-windo" rel="noreferrer noopener">flawed data update</a> that led to widespread disruptions, affecting Microsoft Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Windows systems worldwide, reported Bloomberg.
This incident impacted crucial operations in <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat" rel="noreferrer noopener">airlines, banking, and stock exchanges</a> across multiple countries.
Systems were compromised for hours, leaving bankers in Hong Kong, doctors in the U.K., and emergency responders in New Hampshire unable to access vital programs.
Microsoft stated that over <a target="_blank" href="https://www.benzinga.com/news/24/07/39873706/crowdstrike-outage-impacted-less-than-1-of-windows-devices-but-still-managed-to-wreak-havoc-report" rel="noreferrer noopener">8.5 million Windows users were affected</a>. Although fixes were deployed and many systems have been restored, the incident's scale was unprecedented.
According to CrowdStrike's preliminary post-incident review, an error in a Rapid Response Content configuration update went undetected, causing widespread crashes.
The company regularly issues these updates to enhance security measures against malicious activities based on customer policy configurations.
CrowdStrike plans to improve testing of Rapid Response Content by implementing a new check to fix the faulty Content Validator.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39897409/cathie-woods-ark-invest-snaps-up-5-3m-in-beaten-down-crowdstrike-shares-dumps-3-7m-worth-of-tesl" rel="noreferrer noopener">Cathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares</a>
Additionally, the company will adopt staggered, canary deployments to test updates incrementally before a full rollout. Customers will also have more control over the timing and location of future updates.
Following the outage, CrowdStrike's shares plummeted nearly 30%, significantly reducing its market value. The U.S. House Committee on Homeland Security has <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39897729/crowdstrike-ceo-george-kurtz-to-testify-before-congress-on-faulty-update-causing-global-disrupti" rel="noreferrer noopener">summoned CEO George Kurtz to explain</a> how the company will prevent similar incidents in the future.
The tech outage could cost over $1 billion, but who will <a target="_blank" href="https://www.benzinga.com/news/24/07/39879895/if-youre-a-lawyer-for-crowdstrike-youre-probably-not-going-to-enjoy-the-rest-of-your-summer-say-dan" rel="noreferrer noopener">foot the bill</a> remains unanswered.
Rosenblatt analyst Catharine Trebnick reiterated a Buy rating on the shares and lowered the price target by 16% from $420 to $350.
The faulty software update has led the analyst to revise the estimate for FY25 and FY26 as the analyst notes that despite the company's swift response and deployment of a fix, the incident's unprecedented scale and disruption across critical industries will undoubtedly have short-term repercussions.
The analyst sees FY25 revenue of $3.956 billion (previously $4.000 billion), EPS of $3.90 (Previously $4.03) and FY26 revenue of $4.986 billion (previously $5.016 billion), EPS of $4.75 (previously $4.92).
The shift of resources to customer support and remediation will end in delays in new customer acquisitions and elongated sales cycles, says the analyst.
The analyst expects operational expenses to rise due to remediation efforts, including seeking assistance from Deloitte to address issues with affected companies like Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Marriott International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>).
Price Action: CRWD shares closed lower by 3.99% at $258.14 on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39886199/crowdstrike-faces-downgrades-amid-concerns-over-pricing-and-renewals-following-disruption" target="_blank" rel="noreferrer noopener">CrowdStrike Faces Downgrades Amid Concerns Over Pricing and Renewals Following Disruption</a></li>
</ul>
Photo via Shutterstock

Movers

Tech

General

CRWD

MSFT

CrowdStrike Admits Bug Caused Massive Global IT Outages

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) reported quarterly earnings of $3.13 per share which beat the analyst consensus estimate of $2.84 by 10.21 percent. This is a 32.07 percent increase over earnings of $2.37 per share from the same period last year. The company reported quarterly sales of $2.627 billion which beat the analyst consensus estimate of $2.607 billion by 0.78 percent. This is a 22.19 percent increase over sales of $2.150 billion the same period last year.

ServiceNow Q2 2024 Adj EPS $3.13 Beats $2.84 Estimate, Sales $2.627B Beat $2.607B Estimate

Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) reported quarterly earnings of $8.72 per share which beat the analyst consensus estimate of $8.53 by 2.23 percent.

Ameriprise Finl Q2 2024 Adj EPS $8.72 Beats $8.53 Estimate

Pegasystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.25 by 108 percent. The company reported quarterly sales of $351.15 million which beat the analyst consensus estimate of $321.94 million by 9.07 percent. This is a 17.73 percent increase over sales of $298.27 million the same period last year.

PEGA

Pegasystems Q2 2024 Adj EPS $0.52 Beats $0.25 Estimate, Sales $351.15M Beat $321.94M Estimate

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.32 by 6.25 percent. This is a 36 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $2.97 billion which beat the analyst consensus estimate of $2.94 billion by 1.12 percent. This is a 18.22 percent increase over sales of $2.51 billion the same period last year.

Chipotle Mexican Grill Q2 Adj $0.34 Beats $0.32 Estimate, Sales $2.97B Beat $2.94B Estimate

Whirlpool Reaffirms Full-year 2024 Net Sales Expectations Of Approximately $16.9B, Est $16.77B

Republic Services Sees FY24 Adj. EPS $6.15-$6.20 Vs $6.06 Est.; Revenue $16.075B-$16.125B Vs $16.149B Est.

IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported quarterly earnings of $2.43 per share which beat the analyst consensus estimate of $2.19 by 10.96 percent. The company reported quarterly sales of $15.800 billion which beat the analyst consensus estimate of $15.616 billion by 1.18 percent. This is a 2.10 percent increase over sales of $15.475 billion the same period last year.

IBM Q2 2024 Adj EPS $2.43 Beats $2.19 Estimate, Sales $15.800B Beat $15.616B Estimate

Finward Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNWD#NASDAQ">FNWD</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.01) by 400 percent.

FNWD

Finward Bancorp Q3 2024 Adj EPS $0.03 Beats $(0.01) Estimate

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.53 by 5.23 percent. The company reported quarterly sales of $4.048 billion which beat the analyst consensus estimate of $4.035 billion by 0.33 percent. This is a 8.64 percent increase over sales of $3.726 billion the same period last year.

Republic Servs Q2 2024 Adj EPS $1.61 Beats $1.53 Estimate, Sales $4.048B Beat $4.035B Estimate

WIIM

Ford shares are trading lower following a Q2 EPS miss.

Century Communities Increases FY 2024 Home Sales Revenues To $4.2B - $4.4B

Essential Props Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPRT#NYSE">EPRT</a>) reported quarterly AFFO of $0.43 per share which missed the analyst consensus estimate of $0.47 by 8.51 percent. This is a 4.88 percent increase over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $109.268 million which beat the analyst consensus estimate of $106.411 million by 2.69 percent. This is a 26.30 percent increase over sales of $86.516 million the same period last year.

EPRT

Essential Props Realty Q2 2024 AFFO $0.43 Misses $0.47 Estimate, Sales $109.268M Beat $106.411M Estimate

Carlisle Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) reported quarterly earnings of $6.24 per share which beat the analyst consensus estimate of $5.97 by 4.52 percent. The company reported quarterly sales of $1.50 billion which beat the analyst consensus estimate of $1.45 billion by 3.65 percent. This is a 1.70 percent decrease over sales of $1.53 billion the same period last year.

Carlisle Companies Q2 2024 Adj EPS $6.24 Beats $5.97 Estimate, Sales $1.50B Beat $1.45B Estimate

Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.68 by 30.88 percent. The company reported quarterly sales of $47.800 billion which beat the analyst consensus estimate of $44.024 billion by 8.58 percent. This is a 12.66 percent increase over sales of $42.427 billion the same period last year.

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Innovator U.S. Equity Buffer ETF - December

News

Latest news for Innovator U.S. Equity Buffer ETF - December (BATS:BDEC)