Streetbeat News

Earnings

LI

Li Auto reported its Q3 2024 financial results, with adjusted earnings per ADS of $0.52, missing the estimate of $2.31. Sales were $6.110 billion, also missing the expected $41.665 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:32 am

FMAO

Farmers & Merchants (NASDAQ:FMAO) reported Q3 2024 earnings of $0.48 per share, surpassing the $0.42 estimate. Sales reached $25.549M, exceeding the $21.567M estimate and marking a 9.53% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:31 am

SFBC

Sound Financial Bancorp reported Q3 earnings per share of $0.45, unchanged from last year, with sales of $9.11 million, a 1.52% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:27 am

ING

ING Groep reported a 6.56% increase in Q3 EPS to $0.65 and a 2.14% increase in sales to $6.50 billion compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:10 am

TTE

TotalEnergies reported Q3 2024 earnings per share of $1.74, missing the $1.82 estimate, but sales of $52.021 billion exceeded the $46.207 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:02 am

MIELF

MIELY

Mitsubishi Electric has reaffirmed its 2025 forecast with revenue expected at ¥5,390 billion and operating profit at ¥400 billion. The company plans to implement initiatives to achieve these targets, including adjusting product prices to counter rising procurement costs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:43 am

COIN

Coinbase plans to expand its cryptocurrency investment portfolio, focusing on long-term holdings like Bitcoin and Ethereum. Despite missing Q3 revenue and earnings estimates, the company announced a $1 billion stock buyback program. Coinbase's stock fell 4.84% in after-hours trading.

Portfolio Pulse from Aniket Verma

October 31, 2024 | 7:39 am

SHEL

Shell anticipates its Corporate Adjusted Earnings for Q4 2024 to be a net expense of $600-$800 million, similar to the $609 million net expense in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:30 am

MIELF

MIELY

Mitsubishi Electric reported a year-over-year increase in revenue and operating profit for the first half of fiscal year 2025. Revenue rose to ¥2,643.5 billion from ¥2,538.4 billion, and operating profit increased to ¥176.6 billion from ¥135.8 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:23 am

STLA

Stellantis reported a significant drop in Q3 net revenue to €33 billion from €45.1 billion year-over-year, with shipments down 21%. The decline is attributed to lower shipments, unfavorable mix, pricing, and foreign exchange impacts. Despite these challenges, Stellantis maintains its 2024 financial guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:19 am