Streetbeat News

Earnings

STM

STMicroelectronics (NYSE:STM) reported Q3 2024 earnings of $0.37 per share, beating the consensus estimate of $0.33. Sales were $3.251 billion, slightly above the $3.247 billion estimate. However, both earnings and sales decreased significantly compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:06 am

BUD

Anheuser-Busch InBev reported Q3 2024 earnings per share of $0.98, surpassing the expected $0.89, marking a 13.95% increase from last year. However, sales fell short at $15.046 billion against the $15.644 billion estimate, a 3.39% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:04 am

GOOGL

META

MSFT

Meta Platforms Inc. reported a strong third-quarter performance with 19% revenue growth and significant AI investments. Despite positive fundamentals, Meta's stock declined 3% in after-hours trading due to high pre-earnings expectations. The company is focusing on AI to enhance search monetization and improve advertising conversion rates.

Portfolio Pulse from Kaustubh Bagalkote

October 31, 2024 | 5:36 am

HOOD

Robinhood Markets Inc. (NASDAQ:HOOD) reported a significant increase in cryptocurrency trading volumes in Q3, with a 112% rise from last year, reaching $14.4 billion. Despite this, the company's total quarterly revenue of $637 million missed analyst expectations. Robinhood's shares fell 12.4% in after-hours trading.

Portfolio Pulse from Aniket Verma

October 31, 2024 | 3:33 am

MSFT

Microsoft's AI business is set to reach a $10 billion annual revenue run rate in Q2, marking it as the fastest-growing segment in the company's history. CEO Satya Nadella highlighted strong customer demand and enterprise implementation, with significant contributions from Microsoft 365 Copilot, Azure OpenAI Service, and GitHub Copilot. Despite the rapid growth, Microsoft faces capacity challenges, prompting further infrastructure investments.

Portfolio Pulse from Kaustubh Bagalkote

October 31, 2024 | 3:28 am

AMD

META

NVDA

Meta Platforms is developing its next-generation AI model, Llama 4, using over 100,000 NVIDIA H100 GPUs. The open-source approach is leading to chip optimizations by NVIDIA and AMD, benefiting Meta. The company reported strong Q3 financial results but faced internal challenges.

Portfolio Pulse from Kaustubh Bagalkote

October 31, 2024 | 2:49 am

COIN

HOOD

META

MSFT

SMCI

Meta, Microsoft, Robinhood, Super Micro, and Coinbase are in focus due to recent earnings reports and other developments. Meta and Microsoft beat earnings expectations, while Robinhood met earnings but missed revenue estimates. Super Micro's stock plunged due to auditor resignation, and Coinbase missed revenue estimates.

Portfolio Pulse from Benzinga Neuro

October 31, 2024 | 2:31 am

MSFT

Microsoft's AI momentum is expected to drive significant growth, potentially reaching a $4 trillion market cap in 6-9 months, according to analyst Dan Ives. The company reported strong Q1 earnings, with revenue and EPS surpassing expectations, driven by its AI and cloud initiatives.

Portfolio Pulse from Kaustubh Bagalkote

October 31, 2024 | 1:53 am

BVN

Buenaventura Mining Co reported strong Q3 2024 results with GAAP EPS of $0.93 and sales of $331.1M, significantly beating analyst estimates. Sales increased by 56.7% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:32 pm

TRUP

Trupanion (NASDAQ:TRUP) has projected its Q4 sales to be between $333 million and $338 million, surpassing the estimated $329.28 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:15 pm