Streetbeat News

Earnings

MAN

ManpowerGroup reported its Q3 2024 financial results with an adjusted EPS of $1.29, which was in line with expectations. The company also reported sales of $4.530 billion, surpassing the estimated $4.505 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:32 am

ELV

Elevance Health has adjusted its expectations for 2024, projecting a benefit expense ratio of approximately 88.5% and operating cash flow of $4.5 billion, primarily due to challenges in its Medicaid business.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:27 am

ELV

Elevance Health has set a target for at least 12% average annual growth in adjusted earnings per share (EPS) over the long term. This ambitious goal reflects the company's confidence in its strategic initiatives and market position.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:26 am

ELV

Elevance Health anticipates a strong acceleration in revenue growth in 2025, aligning with its long-term growth algorithm, expecting high single-digit percentage growth. Additionally, the company forecasts adjusted EPS growth of at least mid single-digit percentage.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:24 am

AA

EXPE

LCID

NFLX

TSMC

Wall Street is expected to open higher, driven by strong earnings from TSMC, which is boosting sentiment in tech stocks, particularly AI-related ones. Netflix's upcoming earnings report could influence the tech sector. Alcoa and TSMC saw significant premarket gains, while Lucid Group dropped sharply due to a stock offering. Oil prices rebounded, and gold hit a record high.

Portfolio Pulse from Shanthi Rexaline

October 17, 2024 | 11:24 am

HBAN

Huntington Bancshares reported Q3 2024 earnings of $0.33 per share, surpassing the analyst estimate of $0.30. The company's sales were $1.87 billion, slightly above the $1.86 billion estimate, but a 0.16% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:09 am

IRDM

Iridium Communications has updated its 2024 financial outlook, expecting a 5% growth in service revenue and OEBITDA between $465M and $470M. The company plans to maintain net leverage below 4.0 times OEBITDA through 2026 and reduce it further by the end of the decade.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:05 am

BX

Blackstone reported a 10% year-over-year increase in assets under management (AUM) for Q3, reaching $1.11 trillion.

Portfolio Pulse from Mohit Manghnani

October 17, 2024 | 11:03 am

IRDM

Iridium Communications reported its Q3 2024 GAAP EPS at $0.21, which is in line with expectations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:03 am

IRDM

Iridium Communications reported Q3 sales of $212.771 million, surpassing the estimated $206.183 million.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:02 am