Streetbeat News

Earnings

CATC

Cambridge (NASDAQ:CATC) reported Q3 adjusted earnings of $1.15 per share, beating the analyst consensus estimate of $1.06 by 8.49%. However, this is a 44.98% decrease from the same period last year. The company also reported quarterly sales of $39.20 million, beating the estimate of $38.45 million by 1.94%, but marking a 16.11% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:05 am

GLD

SPY

UUP

US stock markets closed higher on Monday, October 16, with optimism over the earnings season. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases. Asian markets also closed higher on Tuesday, influenced by Wall Street's optimism. However, European markets faced a slight downturn. Gold remained above $1,900. US futures were down.

Portfolio Pulse from Akanksha Bakshi

October 17, 2023 | 11:00 am

RIO

Rio Tinto PLC (NYSE:RIO) reported a 1% decrease in Q3 FY23 Pilbara iron ore production to 83.5 million tonnes (Mt), while shipments increased by 1% to 83.9 Mt. The company expects full-year shipments to be in the upper half of the guidance range of 320 to 335 million tonnes. Bauxite production rose 2% to 13.9 Mt and aluminium production increased 9% to 0.8 million tonnes. The company also announced agreements to take a leading position in recycled aluminium in North America and a joint venture with Codelco for copper exploration in Chile. RIO shares are trading lower by 1.28% at $63.32 premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 10:51 am

BAC

Bank of America's Q3 net interest income has increased by 4% to $14.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:50 am

BAC

Bank of America's Q3 sales and trading revenue increased by 8% to $4.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:49 am

BAC

Bank of America's Q3 consumer banking revenue was $10.5 billion, up 6% from the previous quarter. However, average deposits were down 8% to $980 billion. Net income was $2.9 billion, and average loans and leases increased by 5% to $311 billion. Combined credit/debit card spend was $225 billion, up 3%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:47 am

BAC

Bank of America's Q3 provision for credit losses has increased by $336M to $1.2B.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:46 am

BAC

Bank of America (NYSE:BAC) reported Q3 earnings of $0.90 per share, beating the analyst consensus estimate of $0.81 by 11.11%. This is a 11.11% increase over earnings of $0.81 per share from the same period last year. The bank's Q3 revenue, net of interest expense, was $25.2B, up 3%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:46 am

BAC

Bank of America has reported its Q3 earnings per share (EPS) at $0.90.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:44 am

BK

Bank of New York Mellon (BK) reported Q3 total revenue of $4.40B, beating the estimate of $4.33B. The bank also saw a 10% increase in net interest revenue.

Portfolio Pulse from Bill Haddad

October 17, 2023 | 10:36 am