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Earnings

RHHBY

Roche Holdings AG reported a 1% increase in nine-month sales to CHF 44.1 billion, despite a significant drop in sales of COVID-19 products and biosimilar erosion. Excluding COVID-19 products, Group sales grew by 9%. The company expects a decrease in group sales and adjusted earnings per share in the low single-digit percentage range in 2023. Roche predicted a decline in sales of COVID-19 products of about CHF 4.5 billion. The Diagnostics Division achieved sales of CHF 10.4 billion, a decrease of 18% due to a drop in demand for COVID-19 tests.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 12:46 pm

PG

Procter & Gamble Co (NYSE:PG) reported better-than-expected earnings for its third quarter with a sales growth of 6.1% Y/Y to $21.87 billion, beating the consensus of $21.67 billion. The company has a dividend yield of 2.51%, which is a quarterly dividend amount of $0.94 a share ($3.76 a year). To earn $500 monthly from Procter & Gamble dividends, an investor would need to own approximately $239,148 worth of Procter & Gamble, or 6,000 shares.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:45 pm

AENT

Alliance Entertainment (AENT) reported Q4 fiscal 2023 net revenues of $247M, a decrease of 7% compared to the same period in 2022. The company's gross profit increased by 6% to $30.2M, and net loss was $1.7M, compared to a net loss of $4.6M in 2022. The company also highlighted several operational achievements, including a $4M public offering, partnerships with Future Today and Atari, and record-breaking vinyl sales on Record Store Day. Despite economic challenges, the company sees opportunities for growth through acquisitions, enhancing DTC relationships, and expanding product offerings.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:45 pm

BX

Blackstone Group Inc. (BX) shares are trading lower following the release of its Q3 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:45 pm

T

AT&T reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:44 pm

NFLX

Netflix Inc. (NASDAQ:NFLX) has decided to discontinue its Basic plan in several countries, including Australia. The change will affect new and returning subscribers, but current users will retain their existing plans. The company plans to initiate the same changes in Germany, Spain, Japan, Mexico, Australia, and Brazil next week. This decision follows Netflix's strong Q3 results, where it reported a 7.8% YoY increase in revenue to $8.54 billion.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 12:43 pm

SAP

SAP's shares are trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:41 pm

TSLA

Tesla's shares are trading lower following the release of its Q3 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:41 pm

BCBP

BCB Bancorp reported Q3 earnings of $0.39 per share, missing the analyst consensus estimate of $0.50 by 22%. This is a 48.68% decrease from the same period last year. The company also reported quarterly sales of $27.09 million, missing the analyst consensus estimate of $27.96 million by 3.13%. This is a 16.39% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 12:38 pm

CASS

Cass Information Sys (NASDAQ:CASS) reported Q3 earnings of $0.54 per share, a 15.62% decrease YoY. However, the company's quarterly sales of $49.22 million beat the analyst consensus estimate of $48.08 million by 2.38%, marking a 4.27% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:37 pm