Latest news for RTL Group (OTC:RGLXF) Stock

RTL Group SA is a broadcasting television company with interests in television channels, video-on-demand platforms, and radio stations. The company has three main areas of business: broadcast, content, and digital. Broadcast includes television and radio; content includes content production and distribution, and digital includes online video and advertisement technology. Business segments include Mediengruppe RTL Deutschland, Groupe M6, Fremantle, RTL Nederland, and Other segments. The company's business units operate in Europe, predominantly in Germany, France, and the Netherlands.

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Roche Holding H1 Adj. EPS CHF 10.23 Up From CHF 10.10 YoY, Revenue CHF 29.85B Up From CHF 29.78B YoY

Patterson-UTI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTEN#NASDAQ">PTEN</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.09 by 66.67 percent. This is a 93.02 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $1.35 billion which missed the analyst consensus estimate of $1.42 billion by 5.07 percent. This is a 77.63 percent increase over sales of $758.88 million the same period last year.

PTEN

Reported Wednesday, Patterson-UTI Energy Q2 EPS $0.03 Misses $0.09 Estimate, Sales $1.35B Miss $1.42B Estimate

Taiwan&#8217;s Premier Cho Jung-tai has announced a sweeping economic and social reform plan, aiming to attract nearly $100 billion in investments. This comes after former President Donald Trump said <a href="https://www.benzinga.com/news/24/07/39807774/trump-says-taiwan-should-pay-us-for-defense-ex-presidents-remark-triggers-fall-in-tsmc-shares">&#8220;Taiwan should pay us for defense.&#8221;</a>
What Happened: The reform plan would focus on energy, artificial intelligence, and infrastructure. The strategy includes appealing to Taiwanese investors disillusioned with conducting business in China, a trend the government aims to capitalize on, said Premier Cho in an <a href="https://asia.nikkei.com/Editor-s-Picks/Interview/Taiwan-s-premier-pushes-100bn-economic-reform-unfazed-by-opposition">interview</a> with Nikkei Asia.
The plan is in line with President Lai Ching-te&#8216;s vision of a &#8220;smarter, forward-looking sustainability,&#8221; exploring ocean and space industries, and enhancing Taiwan&#8217;s global presence.
Despite the opposition&#8217;s majority in parliament, Cho is determined to push forward with the reform, which aims to revitalize the Democratic Progressive Party following Lai&#8217;s re-election in January.
The plan includes the establishment of an Economic Development Commission, chaired by Cho, to oversee a $100 billion investment in development.
See Also: <a href="https://www.benzinga.com/news/24/07/39880470/elon-musk-pushes-back-optimus-timeline-says-teslas-humanoid-robot-will-hopefully-be-available-for-ot?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Pushes Back Optimus Timeline, Says Tesla&#8217;s Humanoid Robot Will &#8216;Hopefully&#8217; Be Available For Other Companies By 2026</a>
Cho also emphasized the need to address concerns over livelihoods and housing and to attract Taiwanese investors who have turned away from China&#8217;s business environment. He stated, &#8220;China is no longer an attractive investment environment from a legal or political point of view. Many Taiwanese companies are coming back to Taiwan.&#8221;
Another top priority for Cho is energy security. From 2023 to 2026, many existing power plants are scheduled to shut down, making it a critical period. 
Next year, the last reactor at Taiwan&#8217;s Third Nuclear Power Plant is scheduled for retirement. However, Cho indicated that a proposal to extend nuclear service should have been made five years ago. While the government is open to exploring future atomic energy systems, he emphasized that &#8220;tomorrow&#8217;s technologies won&#8217;t help our power demand today.&#8221;
The urgency has intensified as NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the world&#8217;s leading AI chip developer, along with contract manufacturer and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) biggest iPhone assembler Foxconn Technology Group and server maker Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), announced plans to build new supercomputer or AI data centers in Taiwan. Additionally, Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and other chipmakers are expanding their capacity.
Why It Matters: The announcement comes at a critical time for Taiwan, which is <a href="https://www.benzinga.com/news/24/07/39878513/nvidia-apple-supplier-tsmc-and-other-us-listed-taiwan-stocks-trading-lower-in-pre-market-after-biden">navigating complex geopolitical</a> and economic challenges. 
Recently, U.S. President Joe Biden&#8216;s withdrawal from the presidential race led to a dip in shares of major Taiwanese companies like TSMC. This underscores the volatility and sensitivity of Taiwan&#8217;s market to international political events. Former President Donald Trump&#8216;s recent comments suggesting <a href="https://www.benzinga.com/markets/equities/24/07/39837493/trump-says-taiwan-should-pay-for-its-defense-to-us-but-if-china-invades-taipei-it-will-be-catast">Taiwan should pay for its defense</a> have raised concerns about the future of U.S. support. 
Moreover, the rapid growth of AI technologies is putting pressure on Taiwan&#8217;s infrastructure. Chief Telecom&#8216;s President Jacky Liu has called for a <a href="https://www.benzinga.com/news/24/07/39810790/as-nvidia-microsoft-and-google-lead-ai-boom-taiwans-chief-telecom-president-calls-for-entirely-new-d">complete redesign of data centers</a> to meet the demands of AI computing, highlighting the urgent need for infrastructure upgrades.
President Lai Ching-te has also publicly thanked Micron Technology Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) CEO for ongoing <a href="https://www.benzinga.com/news/24/07/39748984/taiwans-president-expresses-gratitude-to-micron-ceo-for-ongoing-investment">investments in Taiwan</a>, emphasizing the importance of foreign investment in sustaining Taiwan&#8217;s technological edge.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39883138/trump-vs-harris-first-poll-post-biden-exit-shows-majority-approval-potential-impact-on-tru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump vs. Harris: First Poll Post-Biden Exit Shows Majority Approval; Potential Impact On Trump&#8217;s Chances; US Cybersecurity Official Criticizes CrowdStrike&#8217;s Faulty Microsoft Windows Update &#8211; Top Headlines Today</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Tech

AAPL

NVDA

SMCI

Taiwan Unveils $100B Economic Reform Plan After Trump Said It Should 'Pay Us For Defense:' Will Fuel Nvidia, TSMC And Apple iPhone Assembler's AI Plans

As Vice President Kamala Harris takes centerstage following<a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life"> President Joe Biden quitting the 2024 race, </a>former White House Communications Director Anthony Scaramucci on Tuesday weighed in on how a matchup between her and the Republican nominee Donald Trump will likely pan out.
Trump&#8217;s Waning Advantage: Some of the ambitious Democrats didn&#8217;t want to throw in the hat after Biden&#8217;s decision to step aside, said Scaramucci in the recent episode of the Rest In Politics US podcast. This is despite Trump&#8217;s position weakening, he said. &#8220;Trump looks stronger than he did coming out of the convention, assassination attempt, some of that stuff was galvanizing but he&#8217;s weaker in other ways,&#8221; he said, adding that the former president is now the oldest candidate in the race.
&#8220;He has some of the declining faculties that come with age and I also think he has got a millstone around his neck in the name of [Sen.] J.D. Vance.&#8220;
See Also: <a href="https://www.benzinga.com/news/24/07/39878848/trump-vs-harris-first-poll-after-bidens-exit-shows-majority-approve-of-decision-but-heres-how-it-mig">Trump Vs. Harris: First Poll After Biden&#8217;s Exit Shows Majority Approve Of Decision, But Here&#8217;s How It Might Affect Ex-President&#8217;s Chances</a>
Potential VP Pick: Scaramucci said the Harris campaign will likely choose Sen. Mark Kelly (D-Ariz.) <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39919247/who-will-kamala-harris-pick-for-vice-president-crypto-bettors-have-4-favorites-for-democra">as her running mate.</a> &#8220;I believe that she will nominate him at the convention she&#8217;ll probably signal that before the convention,&#8221; he said.
Scaramucci, the founder of investment firm SkyBridge Capital, said the team may not go with Pennsylvania Governor Josh Shapiro but he expects the governor to be part of the campaign, possibly even part of Harris&#8217; cabinet if she manages to win.
Harris&#8217; Prospects: Scaramucci said there&#8217;s a lot of excitement around Harris but he wondered about her long-range skillset. The ex-White House aide highlighted a demographic trend that could be positive for the vice president. &#8220;We&#8217;re having a recirculation of our demography, older people are dying off, younger people are coming into the game; They&#8217;re making money now and so now they&#8217;re thinking about politicians more than they did when they were students,&#8221; he said.
Since the 2022 midterm elections, eight million have come into the game and 63% of them are hard Democrats, he said, adding that the Trump campaign is looking at this data and they&#8217;re worried about it. 
While Harris may lose some of the white baby boomer blue-collar voters who adhered to Biden, she has this unbelievable opportunity to pick up these younger people coming in, he said. &#8220;It&#8217;s an exciting time for Democrats&#8230;. when they make bold decisions they do better.&#8221; 
Now that they have their first Indian, African-American, South Asian presidential candidate, the Democrats can galvanize a lot of people and possibly pick up on this demography beyond the identity of her being younger and potentially becoming the first woman president, he added.
Delving on Harris&#8217; advantages, Scaramucci said &#8220;first and foremost she is not Trump and secondly, she is a competent steward of the American century.&#8221;
&#8220;This is a woman that understands the importance of the NATO alliances, this is a woman that understands the need for the United States to check China but to also cooperate with China and this is a woman that understands&#8230;.. that we need to repudiate totalitarianism around the world and autocracy,&#8221; he said.
Contrasting with Trump, he noted that &#8220;Trump is not necessarily for our allies, he&#8217;s willing to betray our allies and he&#8217;s willing to flatter and cohort with dictators.&#8221;
Scaramucci said people are going to find Harris appealing because she likes people, while Trump treats people like objects. &#8220;I think what happens is she rises to the occasion,&#8221; he said adding that the younger demography, the African-Americans and South Asians will gravitate toward her. 
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39938175/vice-president-harris-snubs-bitcoin-conference-would-have-been-a-disaster-for-her-shrugs-o">Vice President Harris Snubs Bitcoin Conference: &#8216;Would Have Been A Disaster For Her,&#8217; Shrugs Organizer</a></li>
</ul>
Image via Shutterstock

Politics

Media

Anthony Scaramucci Flags Demographic Data Causing Jitters In Trump's Campaign, Calls Harris A 'Competent Steward Of The American Century'

Proceeds from the offering, together with cash on hand or additional borrowings under Allegro&#39;s term loan facility or revolving credit facility, will be used to repurchase shares from Allegro&#39;s majority shareholder, Sanken Electric Co., Ltd. (&quot;Sanken&quot;) at a price per share equal to the price per share at which the underwriters will purchase shares of our common stock in the equity offering from Allegro.

ALGM

Reported Earlier, Allegro MicroSystems Prices $600M Primary Offering Of 25M Common Shares At $24/Share

2024&nbsp;Guidance
The following table includes a reconciliation of the company&#39;s 2024 diluted EPS&nbsp;guidance&nbsp;(GAAP) to adjusted diluted EPS&nbsp;guidance&nbsp;(non-GAAP):
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="6" rowspan="1">
2024 Earnings&nbsp;Guidance
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Estimated Diluted EPS&nbsp;Guidance&nbsp;on a GAAP Basis
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
2.66
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
to
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
2.76
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjustments:
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Loss on sale of real estate investments, net of tax
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
0.02
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
0.02
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EPS&nbsp;Guidance&nbsp;(non-GAAP)
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
2.68
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
to
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
2.78
</td>
</tr>
</tbody>
</table>
In addition, we reiterate our non-linear long-term diluted EPS growth of&nbsp;5%&nbsp;to&nbsp;7%, anchored off 2022&#39;s diluted EPS of&nbsp;$2.43.

Guidance

Reported Late Wednesday, SJW Group 2024 Guidance: Sees Adjusted EPS Of $2.68-$2.78 Vs. $2.75 Consensus

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.57 by 15.79 percent. This is a 13.79 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $176.17 million which beat the analyst consensus estimate of $165.00 million by 6.77 percent. This is a 12.29 percent increase over sales of $156.89 million the same period last year.

Reported Late Wednesday, SJW Gr Q2 EPS $0.66 Beats $0.57 Estimate, Sales $176.17M Beat $165.00M Estimate

&nbsp;In addition, Concentra has granted the underwriters a 30-day option to purchase up to an additional 3,375,000 shares of its common stock to cover over-allotments, if any. Concentra&#39;s common stock has been approved for listing on the New York Stock Exchange under the symbol &quot;CON&quot; and is expected to begin trading on&nbsp;July 25, 2024. The IPO is expected to close on&nbsp;July 26, 2024, subject to the satisfaction or waiver of customary closing conditions.
After the completion of the IPO,&nbsp;Select&nbsp;Medical will own 104,093,503 shares of Concentra&#39;s common stock, representing&nbsp;82.23%&nbsp;of the total outstanding shares of Concentra&#39;s common stock (or&nbsp;80.09%&nbsp;if the underwriters exercise in full their over-allotment option).

IPOs

Reported Earlier, Select Medical Prices Subsidiary Concentra Group Initial Public Offering Of 22.5M Common Shares At $23.50/Share

NB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBBK#NASDAQ">NBBK</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.23 by 4.35 percent. The company reported $41.70 million in sales this quarter. This is a 19.71 percent increase over sales of $34.84 million the same period last year.

NBBK

Reported Late Wednesday, NB Bancorp Q2 EPS $0.24 Beats $0.23 Estimate, Sales $41.70M Up From $34.84M YoY

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) to report quarterly earnings at $2.42 per share on revenue of $9.41 billion before the opening bell. Honeywell shares gained 0.5% to $214.80 in after-hours trading, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</li>
<li>AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) posted better-than-expected revenue for its second quarter and increased its sales and profit guidance for 2024. AstraZeneca shares fell 0.3% to $79.46 in the after-hours trading session.</li>
<li>Analysts are expecting Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) to post quarterly earnings at $5.93 per share on revenue of $10.02 billion. The company will release earnings before the markets open. Northrop Grumman shares rose 0.2% to $443.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) posted upbeat earnings for its second quarter and raised its 2024 profit outlook. Sanofi shares slipped 0.1% to $51.13 in the after-hours trading session.</li>
<li>Analysts expect American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) to post quarterly earnings at $1.05 per share on revenue of $14.36 billion before the opening bell. American Airlines shares fell 3% to close at $10.17 on Wednesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39933253/over-6m-bet-on-this-tech-stock-check-out-these-3-stocks-insiders-are-buying">Over $6M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying</a></li>
</ul>

Pre-Market Outlook

Trading Ideas

American Airlines, AstraZeneca And 3 Stocks To Watch Heading Into Thursday

Company enters into agreement with its debtholders to eliminate over&nbsp;50%&nbsp;of its debt and infuse approximately&nbsp;$110 million&nbsp;of new capital into the business, enabling 2U to invest further in its mission
All educational programs and services to continue seamlessly with no interruption for partners or learners

TWOU

2U Announces Strategic Agreement With Debtholders To Eliminate Half Of Debt And Infuse $110M In New Capital

Elon Musk&#8217;s Grok AI chatbot is set to extend its profile analysis feature, available to X Premium <a href="https://www.benzinga.com/news/23/12/36149350/elon-musks-ai-chatbot-grok-is-now-available-but-not-for-everyone">subscribers</a>, to iOS and Android platforms soon.
What Happened: On Wednesday, Musk took to X, formerly Twitter, and responded to a user&#8217;s post about Grok&#8217;s profile analysis feature on the social media platform. 
The feature is currently limited to desktop users of X Premium,&nbsp;but the tech mogul says it will soon be available on&nbsp;iOS and Android platforms.
See Also:&nbsp;<a 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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;If You&#8217;re A Lawyer For Crowdstrike, You&#8217;re Probably Not Going To Enjoy The Rest Of Your Summer&#8217;: Microsoft-Crowdstrike Outage Could Top $1B In Costs, Analyst Says</a>
The feature provides&nbsp;an AI-generated summary of a profile. This includes a general description, and an overview&nbsp;of a user profile&#8217;s activity duration, follower count, and regular posting topics.
This information makes it easier for users to decide&nbsp;whether to follow a profile&nbsp;and identify bots or accounts that largely post controversial content to gain traffic using manipulative tactics.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Coming soon to iOS &amp; Android!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1816209446759964787?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes after Musk announced the timeline for the chatbot models of his AI company xAI. 
On Monday, while speaking with &nbsp;Dr. Jordan B.&nbsp;Peterson, Musk said that Grok 2 had <a href="https://www.benzinga.com/news/24/07/39897590/elon-musk-says-grok-3-should-be-the-most-powerful-ai-upon-its-release-gives-timeline-for-xai-models">finished training and was</a> in the bug-fixing stage, with the official release planned for the following month. 
He compared Grok 2's capabilities with OpenAI's AI-powered chatbot, stating it should be on par or close to GPT-4. The tech billionaire also said Grok 3 is currently being trained at the Memphis Data Center and is slated for release by December.
Earlier this week, on Tuesday, <a href="https://www.benzinga.com/news/24/07/39922283/elon-musk-is-polling-x-and-asking-if-tesla-should-invest-5b-in-grok-parent-xai-this-is-just-to-test">Musk also conducted a poll</a> on X, asking if Tesla should invest in Grok&#8217;s parent company. This idea has received support from <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39929709/dan-ives-jim-cramer-and-sawyer-merritt-back-elon-musks-plan-for-teslas-5b-investmen">leading market experts</a> including Wedbush analyst Dan Ives, CNBC's "Mad Money" host Jim Cramer, and popular Tesla investor Sawyer Merritt.
Photo Courtesy: rafapress On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/07/39883235/can-tesla-q2-earnings-spark-a-golden-cross-heres-what-the-charts-indicate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Can Tesla Q2 Earnings Spark A Golden Cross? Here&#8217;s What The Charts Indicate</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

TSLA

Elon Musk's AI Chatbot Grok Now Analyzes X User Profiles Via Web, Billionaire Says The Feature Will Soon Be Available On iOS And Android

Subsea 7 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SUBCY#OTC">SUBCY</a>) reported quarterly earnings of $0.20 per share. This is a 233.33 percent increase over earnings of $0.06 per share from the same period last year. The company reported $1.74 billion in sales this quarter. This is a 14.56 percent increase over sales of $1.52 billion the same period last year.

SUBCY

Subsea 7 Q2 EPS $0.20 Up From $0.06 YoY, Sales $1.74B Up From $1.52B YoY

TotalEnergies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) reported quarterly earnings of $1.98 per share which missed the analyst consensus estimate of $2.09 by 5.26 percent. This is a 0.5 percent decrease over earnings of $1.99 per share from the same period last year. The company reported quarterly sales of $53.74 billion which beat the analyst consensus estimate of $46.55 billion by 15.45 percent. This is a 4.49 percent decrease over sales of $56.27 billion the same period last year.

TotalEnergies Q2 EPS $1.98 Misses $2.09 Estimate, Sales $53.74B Beat $46.55B Estimate

Earnings Beats

ASE Tech Holding Co Q2 2024 GAAP EPADS $0.11, Inline, Sales $4.351B Beat $4.506B Estimate

We continue to expect underlying sales growth (USG) for 2024 to be within our multi-year range of 3% to 5%, with the majority of the growth being driven by volume.
Underlying operating margin for the full year is expected to be at least 18%, with increasing investment behind our brands. We expect the year-on-year margin progression in the second half to be smaller than in the first half.
Our very strong gross margin progression in the first half reflects positive contributions from volume leverage, mix and net productivity but also factors that will not repeat in the second half such as, a low prior year comparator affected by high input costs, and carry-over pricing from a period of higher inflation.

For 2024 Unilever Continues To Expect Underlying Sales Growth To Be 3%-5%, With The Majority Of The Growth Being Driven By Volume; Sees Operating Marin Of 18%

Unilever (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) reported quarterly adj. earnings of $1.74 per share. This is a 16.27 percent increase over earnings of $1.50 per share from the same period last year. The company reported $33.48 billion in sales this quarter. This is a 1.79 percent increase over sales of $32.89 billion the same period last year.

Unilever H1 Adj. EPS $1.74 Up From $1.50 YoY, Sales $33.48B Up From $32.89B YoY

Guidance 
Due to strong underlying growth in Product Sales and Alliance Revenue, the Company raises its Total Revenue and Core EPS guidance for FY 2024 at CER, based on the average foreign exchange rates through 2023.&nbsp;
Total Revenue is expected to increase by a mid teens percentage &nbsp;(previously a low double-digit to low teens percentage) &nbsp; 
Core EPS is expected to increase by a mid teens percentage (previously a low double-digit to low teens percentage)
&nbsp;An increase in Collaboration Revenue is not assumed in the upgraded guidance (previously assumed a substantial increase) ‒ Other operating income is expected to decrease substantially (FY 2023 included a $241m gain on the disposal of Pulmicort Flexhaler US rights, and a $712m one-time gain relating to updates to contractual arrangements for Beyfortus) ‒ The Core Tax rate is expected to be between 18-22%&nbsp;

AstraZeneca Raised Its 2024 Guidance: Now Expects Total Revenue And Core EPS Both Expected To Increase By A Mid-Teens Percentage (Previously Anticipated To Rise By A Low Double-Digit To Low-Teens Percentage)

SpaceX said on Wednesday that its satellite internet segment Starlink is now on contract to provide connectivity to <a href="https://www.benzinga.com/news/22/10/29318252/spacex-launches-starlink-aviation-for-in-flight-connectivity-elon-musk-says-itll-feel-like-accessing">over 1,000 aircraft</a> around the globe.
What Happened: While SpaceX announced on X that it has received contracts to provide connectivity to over 1000 aircraft, company CEO Elon Musk said that Starlink is already operating on over1000 aircraft. 
SpaceX did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for confirmation on whether Starlink has already been deployed or if it has only received contracts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starlink now operating on over 1000 aircraft! Using Starlink on a plane feels like you're on a high speed ground fiber connection. <a href="https://t.co/r05zfnKHIJ">https://t.co/r05zfnKHIJ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1816220299198665034?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Starlink provides high-speed internet on flights with a latency of less than 99 ms and a maximum download speed per terminal of 220 Mbps. This allows passengers to make video calls, and play games online, among other things.
Starlink has announced in-flight internet deals with airlines including&nbsp;JSX Airlines,&nbsp;Hawaiian Airlines, Qatar Airways, and&nbsp;Zipair.
Starlink is available on Airbus A321 Neo, Bombardier Global 6000, and Embraer ERJ-135 aircraft, among others. Before the end of the year, it is also expected to be available on Airbus&nbsp;A220, Boeing&nbsp;737, and Bombardier&nbsp;Global 5000.
Last year, Musk said that Starlink would be available <a href="https://www.benzinga.com/news/23/10/35154382/musk-says-starlink-internet-could-soon-be-available-on-most-flights-but-theres-a-condition" target="_blank" rel="noreferrer noopener">on most aircraft &#8220;soon&#8221;</a> depending on whether airlines order it. Starlink provides the same responsiveness on all parts of an air journey, from take off until the flight touches high altitude, Musk said in June.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably">Trump Presidency And IRA Cut Would Be &#8216;Devastating&#8217; For Competitors, Says Elon Musk: &#8216;Long Term Probably Actually Helps Tesla&#8217;</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

SpaceX's Starlink Now Provides Internet Connectivity To Over 1,000 Aircraft Around The World, Allowing Passengers To Make Video Calls And Play Online Games

AstraZeneca (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) reported quarterly adjsuted earnings of $0.99 per share which missed the analyst consensus estimate of $1.20 by 17.5 percent. This is a 7.91 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $12.98 billion which beat the analyst consensus estimate of $12.75 billion by 1.83 percent. This is a 13.73 percent increase over sales of $11.42 billion the same period last year.

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