Streetbeat News

Earnings

BA

TSLA

Boeing machinists have rejected a deal, extending their strike, while Tesla's stock surges following strong earnings. Additionally, Treasury yields have dropped.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:35 pm

MELI

The article discusses the recent bullish activity in MercadoLibre's options market, with 54% of traders showing bullish sentiment. The trading activity suggests a price range of $1900 to $2400 for MercadoLibre (NASDAQ:MELI) over the next three months. Analysts have mixed ratings, with price targets ranging from $2350 to $2800. The stock is currently trading at $2047.59, up 0.44%, with a neutral RSI. The next earnings report is due in 11 days.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:30 pm

DGX

LH

Laboratory Corp (NYSE:LH) reported Q3 2024 earnings that beat expectations, with adjusted EPS of $3.50 and sales of $3.28 billion. Despite a slight margin decline due to weather impacts, the stock rose 6.37%. The company adjusted its 2024 EPS guidance slightly downward due to weather-related challenges.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 3:25 pm

VIRT

Virtu Financial reported strong Q3 results with earnings and revenue surpassing expectations. Despite this, shares fell 6.18%. The company declared a dividend and has a significant share repurchase program.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 3:25 pm

POOL

Pool Corporation reported Q3 2024 earnings with a slight miss on EPS but a beat on revenue. Despite a 7% decrease in EPS and a 3% drop in sales compared to last year, shares rose 6.70% due to strong sales in non-discretionary maintenance products and digital marketing expansion.

Portfolio Pulse from Vaishali Prayag

October 24, 2024 | 3:24 pm

SAH

Sonic Automotive's Q3 results missed revenue and earnings expectations, but shares surged due to a 17% dividend increase. Revenue fell 4.2% YoY, and adjusted EPS dropped 38% YoY. Despite operational challenges, the company maintains strong liquidity.

Portfolio Pulse from Akanksha Bakshi

October 24, 2024 | 3:11 pm

VZ

Verizon Communications Inc. (NYSE:VZ) shares fell 2.66% to $41.72 after reporting mixed Q3 results. Revenue was flat at $33.33 billion, missing expectations, but EPS slightly beat estimates. Wireless service revenue grew by 2.7%, and broadband subscribers increased by 16%. However, net income dropped due to severance costs.

Portfolio Pulse from Henry Khederian

October 24, 2024 | 3:10 pm

BYON

Beyond, Inc. (NYSE:BYON), the parent company of Overstock, Bed Bath & Beyond, and Zulily, reported disappointing Q3 2024 earnings with lower sales and a wider loss than expected. The company aims to cut $65M in fixed costs by 2025 and is transforming its business model.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 3:09 pm

ENPG

SEDG

SolarEdge Technologies (SEDG) shares have dropped 10% this week and 83% year-to-date, influenced by Enphase Energy's disappointing results and weaker European demand. JPMorgan lowered SEDG's price target due to these challenges, projecting cash burn and liquidity concerns. Despite this, SolarEdge's technology positions it as a leader in the U.S. solar market, with potential for long-term growth.

Portfolio Pulse from Henry Khederian

October 24, 2024 | 3:09 pm

TR

Tootsie Roll Industries reported a decrease in Q3 earnings per share to $0.46 from $0.48 year-over-year, and a decline in sales to $223.89 million from $248.34 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:08 pm