Streetbeat News

Earnings

AVNT

Avient Corporation has revised its FY24 adjusted EPS outlook to a range of $2.63-$2.67, compared to the previous range of $2.55-$2.70, aligning closely with the $2.64 estimate. The adjusted EBITDA guidance has also been narrowed to $525M-$530M from the prior $515M-$540M.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:20 am

BYDDF

BYDDY

TSLA

BYD Co Ltd surpassed Tesla in quarterly revenue for the first time since 2022, reporting $28.25 billion compared to Tesla's $25.18 billion. Despite this, Tesla remains ahead in net profit and BEV sales.

Portfolio Pulse from Anan Ashraf

October 31, 2024 | 10:17 am

AVNT

Avient (NYSE:AVNT) reported Q3 2024 earnings per share of $0.65, surpassing the analyst estimate of $0.63. The company's sales reached $815.2 million, exceeding the expected $797.48 million and marking an 8.16% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:17 am

CIO

City Office REIT reported Q3 2024 earnings per share of $0.27, missing the consensus estimate of $0.28. However, sales of $42.371 million slightly exceeded expectations. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:17 am

DSNKY

Daiichi Sankyo Co has raised its FY2024 GAAP EPS guidance from $0.44 to $0.80 and its sales outlook from $10.55 billion to $12.29 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:16 am

AMKBY

A. P. Moller Maersk reported Q3 earnings per share of $0.97, missing the $0.99 estimate, but sales of $15.76 billion beat the $15.66 billion estimate. EPS increased by 525.81% and sales by 29.95% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:15 am

AAPL

AMZN

META

MSFT

UBER

U.S. stock futures are trading lower, with key companies like Amazon, Meta, Apple, Microsoft, and Uber in focus due to earnings reports. Amazon and Apple are set to release earnings, while Meta and Microsoft have already reported results. Uber's earnings are also anticipated.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 10:11 am

XEL

Xcel Energy has reiterated its FY24 adjusted EPS guidance of $3.50-$3.60 and initiated FY25 adjusted EPS guidance of $3.75-$3.85. Key assumptions include constructive regulatory outcomes, normal weather patterns, and changes in sales and expenses.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:09 am

CIO

City Office REIT has adjusted its FY2024 FFO guidance to a range of $1.15-$1.17, slightly narrowing from the previous range of $1.14-$1.18, and aligning closely with the analyst estimate of $1.17.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:08 am

GNRC

Generac has increased its FY24 net sales growth outlook to 5%-9% due to higher power outage activity, including hurricanes. Residential product sales are expected to rise, while C&I and Other product sales may face softer conditions. Net income and EBITDA margins are also revised upwards.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:07 am