Philip Morris, Moody's, GE Vernova Among 25 Firms Filing SEC 8-K Earnings Reports — Southwest, Westinghouse Also Report

On July 22 (local time), the SEC received 25 Form 8-K Item 2.02 (results of operations) filings.

Today's SEC Earnings Filings

In financial and insurance, six regional banks — BankFirst (BFC), Pinnacle Financial Partners, Pathward Financial (CASH), ThirdCoast Bankshares (TCBX), Fidelity D&D Bancorp (FDBC), and First Bancorp (FNLC) — all disclosed quarterly results via SEC 8-K Item 2.02 filings. Reinsurer RenaissanceRe Holdings, property and casualty insurer RLI (RLI), and insurance agency Goosehead Insurance (GSHD) also reported earnings the same day.

In industrials and transportation, rail equipment maker Westinghouse Air Brake (WAB), precision instruments company Teledyne Technologies (TDY), offshore engineering firm Oceaneering International (OII), and power equipment maker GE Vernova (GEV) reported earnings via SEC 8-K filings. In aviation, Southwest Airlines (LUV) announced quarterly results.

In consumer goods and real estate, tobacco company Philip Morris International (PM), homebuilder PulteGroup (PHM), egg producer Cal-Maine Foods (CALM), and hotel franchisor Wyndham Hotels & Resorts (WH) disclosed earnings. Among REITs, Getty Realty (GTY) and First Industrial Realty Trust (FR), along with aluminum processor Kaiser Aluminum (KALU), also reported results.

In services and healthcare, credit rating agency Moody's (MCO), asset manager SEI Investments (SEIC), hospital operator Community Health Systems (CYH), and casino gaming company Galaxy Gaming (GLXZ) released earnings. In total, 25 companies filed SEC 8-K Item 2.02 disclosures that day.

Earnings Surprises and Guidance

According to Investing.com, Goosehead Insurance (GSHD) posted Q2 results that beat market expectations, sending its after-hours share price higher. Pathward Financial (CASH), meanwhile, reported third-quarter EPS below market forecasts, Investing.com said.

The broader earnings season this week showed a mixed picture. According to Yahoo Finance, Tesla(TSLA) beat Q2 revenue expectations but missed on profit, and guided annual capex to around $25 billion. Investing.com reported that Alphabet(GOOG) topped Q2 estimates but its share price fell on concerns over heavy capex plans, while IBM missed Q2 earnings estimates and lowered its revenue outlook. By contrast, ServiceNow, Knight-Swift, Crown Castle, Texas Capital, and WEX all posted results that beat expectations, according to Investing.com and GuruFocus.

InteliView Deep Dive

• Tesla's Q2 Revenue Hits Record $28.2 Billion, but Operating Income Plunges 57% and Misses Estimates — examines the revenue-profitability gap that was this earnings season's biggest talking point
• Texas Instruments Posts Record Q2 Revenue of $5.463 Billion, Net Income Jumps 53% — Q3 Guidance Also Tops Estimates — analyzes signs of a rebound in the analog semiconductor market
• Alphabet's Q2 Revenue Reaches $119.8 Billion, Up 24% Year-Over-Year as Cloud Surges 82% — covers how rapid cloud growth drove the results
• CSX Posts Record Q2 Revenue of $3.94 Billion, EPS Up 23% and Operating Income Up 17% — confirms a recovery in rail logistics demand
• CME Group Posts Q2 Revenue of $1.7 Billion, Adjusted EPS of $2.99 Beats Market Estimates — examines how rising derivatives trading volume fed through to results
• Philip Morris Q2 Revenue Hits $11.2 Billion, Topping $10 Billion for the First Time and Beating Market Expectations — covers Philip Morris's recent earnings trajectory, reconfirmed by today's SEC filing