Streetbeat News

Earnings

WAB

Westinghouse Air Brake Technologies Corporation (Wabtec) reported a 22.5% Y/Y sales growth to $2.55 billion, beating the consensus of $2.40 billion in Q3 FY23. The growth was driven by higher Freight and Transit segment sales. Adjusted EPS of $1.70 topped the consensus of $1.46. The company raised its 2023 Adjusted EPS outlook to $5.80-$6.00 and sales to $9.5 billion-$9.7 billion. WAB shares are trading higher by 3.96% at $103.90 in the premarket session on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 1:19 pm

WAB

Wabtec Corporation reported its Q3 financial results and issued 2023 adjusted EPS and sales guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:08 pm

Boeing Co (NYSE:BA) reported a 13% YoY increase in Q3 FY23 revenue to $18.10 billion, beating the consensus of $16.58 billion. Adjusted loss per share contracted to $(3.26) from $(6.18) in 3Q22, missing the consensus of $(2.96). The company identified a supplier issue with certain 737 airplanes’ aft pressure bulkhead section, impacting near-term deliveries and production. The company reaffirmed its FY23 outlook of $3 billion - $5 billion in adjusted free cash flow and $4.5 billion - $6.5 billion in operating cash flow.

Portfolio Pulse from Akanksha Bakshi

October 25, 2023 | 1:08 pm

Deutsche Bank's shares are trading higher following the announcement of a year-over-year increase in Q3 EPS and sales results.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:07 pm

CFFN

Capitol Federal Financial has announced that its securities strategy is designed to improve the company's earnings stream going forward, starting from FY24.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:06 pm

ASTS

CUEN

GOOG

GOOGL

GROM

LQR

NCTY

SALM

SCOR

SHEN

SOPA

In Wednesday's pre-market session, several communication services stocks saw significant movement. Salem Media Group, Society Pass, AST SpaceMobile, comScore, and The9 saw increases, while Cuentas, Grom Social Enterprises, Alphabet (both GOOGL and GOOG), LQR House, and Shenandoah saw decreases. Alphabet's decrease follows the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:06 pm

VRT

Vertiv announced mixed Q3 financial results, issued Q4 guidance, and raised FY23 guidance. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:06 pm

ELIQ

NVVE

VICR

VRT

In Wednesday's pre-market session, several industrials stocks showed significant movement. Gainers included Nuvve Holding (NVVE), Electriq Power Holdings (ELIQ), Vertiv Hldgs (VRT), iSun (ISUN), Mesa Air Gr (MESA), and Addentax Group (ATXG). Losers included Vicor (VICR), 3D Sys (DDD), SunPower (SPWR), Greenbrier Companies (GBX), Hawaiian Holdings (HA), and Broadwind (BWEN).

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:05 pm

ALPP

PGY

TMPO

TXN

In Wednesday's pre-market session, several information technology stocks saw significant movement. Pagaya Techs, Alpine 4 Holdings, Powerbridge Technologies, Akerna, Remark Hldgs, and Mawson Infra Gr all saw their stocks rise, with Pagaya Techs leading the gainers with a 12.5% increase. On the other hand, Tempo Automation Holdings, Argo Blockchain, Rackspace Tech, Texas Instruments, Aurora Mobile, and Manhattan Associates all saw their stocks fall, with Tempo Automation Holdings leading the losers with a 9.4% decrease. Texas Instruments and Manhattan Associates both released their Q3 earnings reports yesterday.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:05 pm

HLT

Hilton Worldwide Holdings Inc (HLT) reported Q3 FY23 sales growth of 12.8% YoY to $2.673 billion, beating the analyst consensus estimate of $2.62 billion. The company also reported a 6.8% YoY increase in RevPAR and added 35,500 rooms to its system. Total expenses for the quarter rose 15.8% and the operating margin was 24.4%. Hilton raised its FY23 adjusted EPS outlook from $5.93-$6.06 to $6.04-$6.09. HLT shares are down 0.47% at $148.94 premarket Wednesday.

Portfolio Pulse from Shivani Kumaresan

October 25, 2023 | 1:04 pm