Streetbeat News

Earnings

PTON

Peloton's Q1 revenue from Connected Fitness Products decreased by 12% year-over-year, attributed to lower hardware demand, as discussed in their conference call.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:53 pm

CMCSA

Comcast reported that its revenue from the Olympics was primarily driven by a record $1.4 billion in advertising revenue, as discussed in a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:52 pm

OPI

Office Properties IT shares declined following the release of disappointing Q3 FFO results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:51 pm

ITRI

Itron shares rose following the announcement of better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:51 pm

PTON

Peloton's CFO announced that the company is on track to achieve over $200 million in run rate cost savings by the end of fiscal 2025, with some savings being realized faster than expected.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:50 pm

MRUS

Merus (NASDAQ:MRUS) reported Q3 earnings with a larger-than-expected loss per share of $(1.46), missing the $(0.89) estimate. However, sales were $11.77M, surpassing the $7.89M estimate.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:45 pm

MBLY

Mobileye Global's CEO reported that the company's shipment volumes in Q3 aligned with end-market demand, indicating stable performance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:42 pm

AWRE

Aware shares declined following the announcement of a year-over-year decrease in Q3 EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:40 pm

AMD

NVDA

AMD's data center AI business is experiencing significant growth, with operating income more than tripling compared to the previous year. CEO Lisa Su highlighted partnerships with major AI players and projected sales to exceed $5 billion for the year. Su emphasized AMD's progress in closing the competitive gap with Nvidia and sees a growing total addressable market for AI accelerators.

Portfolio Pulse from Erica Kollmann

October 31, 2024 | 12:39 pm

IDCC

InterDigital has announced its Q4 revenue expectations to be between $239 million and $249 million, with an adjusted EPS ranging from $5.42 to $5.70.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:37 pm