Streetbeat News

Earnings

BUD

Anheuser-Busch Inbev (NYSE:BUD) reported Q3 earnings that beat expectations but saw a decline in global beer volumes. Despite a 2.1% top-line growth and a 7.1% increase in EBITDA, shares fell 5.9% due to missed sales estimates and volume declines. The company announced a $2 billion share buyback and raised its 2024 EBITDA growth outlook.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 2:37 pm

FUTY

SO

XLU

Southern Company reported a Q3 revenue increase of 4.2% to $7.274 billion, missing expectations, but EPS beat estimates at $1.43. Utility gains were strong, with a revised EPS guidance of $4.05. SO shares rose 1.79%.

Portfolio Pulse from Lekha Gupta

October 31, 2024 | 2:28 pm

ATEC

BKNG

CFLT

ETR

GEN

IP

LMND

MO

NCLH

NXT

PAYC

PTON

RBLX

RELY

ROOT

SFM

TTMI

TWLO

Roblox Corporation reported better-than-expected Q3 results, leading to a 21.5% stock surge. Other companies like Root, Alphatec, and Lemonade also saw significant gains due to strong earnings reports.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 2:23 pm

TTMI

TTM Technologies shares rose following a positive Q3 revenue report and a price target increase by Needham from $24 to $26.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:15 pm

MRK

Merck reported Q3 sales of $16.66 billion, beating estimates, but lowered its annual forecast due to decreased Gardasil vaccine demand in China. Keytruda sales rose significantly, while Gardasil sales fell. The company adjusted its 2024 sales and EPS forecasts downward.

Portfolio Pulse from Vandana Singh

October 31, 2024 | 2:15 pm

MDGL

Madrigal Pharmaceuticals shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:11 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NCLH) reported strong Q3 results, surpassing expectations with a 10.7% sales growth and increased annual guidance. The company saw improvements in operating income, EPS, and occupancy rates, leading to an 8.2% rise in share price.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 2:11 pm

DNB

Dun & Bradstreet Holdings shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:10 pm

EBAY

EBIZ

ONLN

EBay's shares fell nearly 10% after the company reported Q3 earnings that beat expectations but issued Q4 and FY 2024 revenue guidance below estimates. Despite positive earnings and cash flow, the lower guidance impacted investor sentiment.

Portfolio Pulse from Lekha Gupta

October 31, 2024 | 2:10 pm

MATX

Matson shares rose following the company's announcement of better-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:09 pm