Streetbeat News

Earnings

MDXG

MiMedx Group shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:42 pm

SXC

SunCoke Energy shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:40 pm

ANIK

Anika Therapeutics shares declined following the release of disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:36 pm

CVX

Chevron (CVX) is set to release its Q3 earnings, with investors keen on its handling of volatile oil prices and structural changes. In Q2, Chevron exceeded revenue expectations but missed earnings estimates due to lower refining margins and international sales. The company is expanding globally and relocating its headquarters to Houston. Chevron's Q3 report will be crucial for insights into its production growth and market strategies.

Portfolio Pulse from Henry Khederian

October 31, 2024 | 6:31 pm

CMPS

Compass Pathways (CMPS) faces delays in its Phase 3 psilocybin trials, leading to a 30% workforce reduction to conserve cash. The company aims to focus on its COMP360 program for treatment-resistant depression, with trial data now expected in 2025 and 2026. Shares fell 23.02% following the announcement.

Portfolio Pulse from Juan Spínelli

October 31, 2024 | 6:30 pm

META

Meta's shares are declining after the release of its Q3 earnings report. Additionally, the company has increased the lower end of its 2024 capital expenditure forecast.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:20 pm

SBUX

Starbucks reported lower-than-expected Q4 revenues and a decline in global comparable store sales. Analysts have mixed views, with some seeing potential in the new CEO's efficiency strategy. Starbucks plans to improve customer wait times and shift promotional efforts, impacting future growth estimates.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 6:08 pm

FWONA

FWONK

SIRI

Sirius XM Holdings Inc reported a Q3 revenue decline of 4% to $2.17 billion, missing estimates. Adjusted EPS beat expectations. The company faced a $3.36 billion impairment charge related to Liberty Media, resulting in a net loss of $2.96 billion. Sirius XM revised its annual revenue outlook slightly downwards.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 6:02 pm

HLF

Herbalife shares increased following the release of Q3 financial results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:56 pm

ROKU

Roku Inc (NASDAQ:ROKU) shares fell 21.6% despite reporting better-than-expected Q3 results, with a loss of 6 cents per share and $1.06 billion in sales. Analysts adjusted price targets, with some maintaining positive ratings. Roku anticipates Q4 revenue of $1.14 billion.

Portfolio Pulse from Dylan Berman

October 31, 2024 | 5:55 pm