Streetbeat News

Earnings

AXTI

AXT shares declined due to disappointing Q3 revenue results and lower-than-expected Q4 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 4:06 pm

TEAM

Atlassian shares surged on Friday following a strong earnings report for the first quarter of 2025, with EPS and sales surpassing analyst expectations. The company also provided optimistic revenue guidance for the second quarter and announced a new $1.5 billion share repurchase program.

Portfolio Pulse from Dylan Berman

November 01, 2024 | 4:04 pm

CDXS

Codexis shares rose following the announcement of better-than-expected Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 4:03 pm

ASUR

Asure Software's shares declined following the release of disappointing Q3 financial results and a reduction in FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 4:01 pm

ETN

In the past three months, 8 analysts have provided ratings for Eaton Corp (NYSE:ETN), with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 1.44% to $346.25. Analysts have adjusted their ratings and price targets based on market conditions and company performance. Eaton Corp has shown positive financial performance with an 8.25% revenue growth rate, a net margin of 15.64%, and a strong return on equity and assets.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 4:00 pm

CPS

Copper-Standard Holdings shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:58 pm

INTC

Intel shares rose after reporting better-than-expected Q3 earnings and progress on a $10 billion cost reduction plan. Despite a loss of 46 cents per share, sales beat estimates. Intel's Q4 guidance also exceeded expectations, leading to analyst price target changes.

Portfolio Pulse from Dylan Berman

November 01, 2024 | 3:53 pm

CVX

Chevron's CEO Mike Wirth discussed the company's advantaged inventory, with 75% of locations breaking even at or below $50. The Pasadena refinery will shut down this quarter, and capital spending in the Permian Basin is expected to peak this year. The Hess deal requires arbitration to end, and cost-cutting benefits are expected by 2027.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:42 pm

CVX

USO

XLE

XOM

Oil prices are recovering from early-week losses due to escalating Middle East tensions, with WTI crude prices rising 2.4% on Friday. The United States Oil Fund (USO) and Energy Select Sector SPDR Fund (XLE) saw gains, as did Exxon Mobil (XOM) and Chevron (CVX) following earnings reports.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 3:35 pm

W

Wayfair's Q3 results show an earnings beat but a decline in sales and customer base. Despite adjusted earnings per share of 22 cents surpassing expectations, shares fell due to a 2% sales decline and a decrease in active customers. Analyst maintains a Buy rating with a $60 price target.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2024 | 3:24 pm