Sun Life Financial Inc. (SLF) exceeded analysts’ expectations in the second quarter of 2024, posting strong underlying net income growth fueled by robust performance in Canada and Asia. The company saw notable gains in Wealth & Asset Management and Individual – Protection segments, while the U.S. market experienced mixed results.
VerifyMe, Inc., a provider of brand protection and logistics solutions, announced its Q2 2024 financial results, reporting positive adjusted EBITDA and continued progress on its strategic partnership with Amazon. The company also highlighted its strong gross margin growth, driven by process improvements and increased premium services revenue.
AST SpaceMobile (ASTS) is scheduled to release its second-quarter 2024 earnings on August 14th. The company is expected to report a revenue increase year-over-year, driven by progress in both government and private sector partnerships. Key partnerships with AT&T and Verizon for expanding mobile coverage and traction in the government sector for mission-critical applications are expected to positively impact earnings.
Autoscope Technologies Corporation (AATC) reported robust second-quarter 2024 financial results, highlighting steady revenue growth and increased profitability. The company’s performance was fueled by robust product sales, particularly its Wrong Way detection system, and consistent royalty streams from its Autoscope Vision product. This success is attributed to favorable market conditions and a strategic focus on cost management. AATC’s commitment to innovation, especially in AI-driven detection platforms, positions the company for continued growth and aligns with global transportation safety initiatives like Vision Zero.
Team, Inc. (TISI) reported mixed second-quarter 2024 financial results, featuring margin expansion despite a decline in revenues. Cost-cutting measures and efficiency improvements helped mitigate the impacts of reduced activity in key segments, Inspection and Heat Treating (IHT) and Mechanical Services (MS). While revenues dipped 4.5% year-over-year, enhanced margins and disciplined expense management enabled Team to narrow its net loss and improve operating income.
Hilton Worldwide Holdings Inc. will release its second-quarter 2024 financial results on August 7, followed by a conference call at 9 a.m. EDT. CEO Christopher Nassetta and CFO Kevin Jacobs will discuss the company’s performance, operational achievements, and future plans. The call will be followed by a Q&A session.
American Airlines Group will host a live webcast of its Q2 2024 earnings conference call on July 25, providing insights into the airline’s financial performance. The webcast will be accessible via aa.com/investorrelations, with a recorded version available until August 25.
Marriott International will announce its second quarter 2024 earnings on Wednesday, July 31, 2024. The company will host a conference call later that morning for investors and analysts to discuss the results and the company’s outlook.
TUI Group has reported a successful second quarter in 2024, with strong performances in all business segments. The company welcomed 2.8 million guests during the quarter, resulting in a record turnover of 3.6 billion euros, a 16% increase from the same period in 2023. Both the Hotels & Resorts and Cruises divisions contributed significantly to this growth, with notable improvements in underlying EBIT. TUI remains optimistic about the future and forecasts revenue growth by at least 10% and underlying operating earnings by at least 25% for the full year.
