Streetbeat News

Earnings

META

Meta Platforms, Inc. (NASDAQ:META) reported strong Q3 results, beating expectations. Analysts have mixed reactions, with some raising price targets and others expressing concerns over increased capital expenditures and Reality Labs losses. Meta's AI initiatives, particularly Llama and Meta AI, are seen as key growth drivers.

Portfolio Pulse from Erica Kollmann

October 31, 2024 | 4:17 pm

WING

Wingstop reported mixed Q3 results, missing EPS estimates but beating sales expectations. The company declared a dividend and updated its FY24 guidance. Analysts have lowered their price targets for Wingstop, though they maintain positive ratings.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 4:16 pm

MSFT

Microsoft analysts are optimistic about the company's future, despite short-term setbacks like capacity constraints and weaker guidance. Analysts highlight strong Azure growth and AI monetization as key drivers. Bank of America, Wedbush, Piper Sandler, and Goldman Sachs maintain positive ratings with high price targets.

Portfolio Pulse from Chris Katje

October 31, 2024 | 4:13 pm

CHRW

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) reported better-than-expected Q3 earnings, with EPS of $1.28 beating the $1.15 estimate and sales of $4.645 billion surpassing the $4.527 billion forecast. Despite this, shares fell 5.9% to $103.18. Analysts raised price targets, with BMO Capital increasing from $92 to $115 and TD Cowen from $103 to $113.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 4:10 pm

GRBK

Green Brick Partners shares declined following the release of disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:08 pm

NSIT

Insight Enterprises shares fell after the company reported Q3 earnings and sales that missed analyst estimates and lowered its FY2024 adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:07 pm

ATEC

AUR

CMPS

META

MTNB

ROOT

U.S. stocks traded lower with significant movements in Meta Platforms, Root, Alphatec Holdings, Matinas BioPharma, Aurora Innovation, and COMPASS Pathways. Meta's shares fell after Q3 results, while Root and Alphatec surged on positive earnings. Matinas, Aurora, and COMPASS Pathways saw declines due to negative news.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 4:04 pm

ACHC

Acadia Healthcare's shares declined following disappointing Q3 revenue results and lower-than-expected FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:00 pm

NXT

NEXTracker shares surged following the release of strong Q2 financial results and an upward revision of FY25 GAAP and adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:54 pm

MVPA

OCTA

TTE

TotalEnergies reported a Q3 EPS miss but exceeded revenue expectations. Despite a decline in LNG and production, the company plans a $2 billion share buyback for Q4 2024. TTE shares are down 1.42% premarket.

Portfolio Pulse from Lekha Gupta

October 31, 2024 | 3:48 pm