Streetbeat News

Earnings

SEALSQ

SEALSQ has reported unaudited revenue of $22.1 million for the first nine months of 2023, a 20.4% YoY growth. The company has raised its FY23 revenue guidance to approximately $30 million, reflecting a 29% YoY growth, exceeding initial expectations of 20% growth. The growth is attributed to robust customer demand for semiconductors and Matter-related products, and an increase in market share.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:25 am

FET

Forum Energy Technologies (NYSE:FET) reported Q3 adjusted earnings of $0.05 per share, a 120% increase YoY. However, sales decreased by 1.38% to $179.30 million compared to $181.80 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:16 am

BTCUSD

SQ

Block Inc (NASDAQ:SQ) reported a 37.5% growth in Bitcoin revenue to $2.42 billion in Q3, surpassing analyst expectations. The company's gross profit from Bitcoin rose to $44 million, up from $36 million the previous year. The value of Bitcoin holdings in its corporate treasury was $216 million, exceeding their book value by $114 million. Block's total revenue grew 24% YoY to $5.62 billion, with Bitcoin revenue accounting for 43% of the total. The company's share price surged in after-hours trading.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 4:54 am

AAPL

During Apple Inc.'s recent earnings call, CEO Tim Cook emphasized the significant role of artificial intelligence (AI) in the company's products and future development. Cook stated that AI and machine learning are fundamental technologies integral to virtually every product that Apple ships. He also indicated that a significant portion of the approximately $8 billion increase in R&D expenditure was invested in AI and silicon.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 4:26 am

AAPL

CVNA

DKNG

PLTR

SQ

US stocks saw an uptick as trading closed on Thursday. Apple Inc., DraftKings Inc., Block Inc., Carvana Co., and Palantir Technologies Inc. were the top stocks that gained the attention of retail traders and investors. Apple's Q4 results surpassed estimates with a notable increase in Services revenue. DraftKings' Q3 earnings report showed a revenue beat and an EPS outperformance. Block's earnings preview highlighted the company's solid margins and cash position. Carvana's Q3 earnings report revealed a significant increase in gross profit per vehicle. Palantir's strong Q3 performance was driven by growth in both commercial and government sectors.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 1:53 am

TSX:REI

Riocan REIT reported Q3 earnings of $0.45 per share, a 2.27% increase YoY, but missed sales estimates by 6.31%, reporting $271.41M against the expected $289.70M. This represents an 11.09% decrease in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

November 02, 2023 | 10:09 pm

LNT

Alliant Energy has issued its 2024 EPS guidance of $2.99-$3.13 and a common stock dividend target of $1.92.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:08 pm

LNT

Alliant Energy has revised its 2023 earnings per share (EPS) guidance from a range of $2.82-$2.96 to a narrower range of $2.85-$2.93.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:06 pm

LNT

Alliant Energy reported Q3 adjusted earnings of $1.05 per share, beating the analyst consensus estimate of $0.93, a 12.9% increase YoY. However, the company's quarterly sales of $1.08 billion missed the analyst consensus estimate of $1.128 billion, a 5.11% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:04 pm

PBYI

Puma Biotechnology has projected its Q4 2023 product revenue to be between $56M-$59M, which is significantly lower than the estimated $71.45M.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:00 pm