Streetbeat News

Earnings

OTIS

Otis Worldwide Corporation's shares are declining after reporting Q3 2024 results that missed expectations and lowering its annual outlook. Despite a slight increase in EPS and sales, the company faces challenges in equipment sales, particularly in China.

Portfolio Pulse from Dylan Berman

October 30, 2024 | 2:51 pm

AMD

GOOGL

LLY

Alphabet's stock rose following positive earnings, while AMD's shares fell, impacting the broader chip sector. Eli Lilly's stock dropped over 6% after missing Q3 expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:48 pm

VMC

Vulcan Materials shares are trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:47 pm

SHEL

Shell PLC (NYSE:SHEL) is set to release its Q3 earnings, with analysts expecting EPS of $1.66 and revenue of $61.343 billion. Despite previous revenue growth, Shell faces challenges with production declines and market volatility. The company's financial health remains strong, with robust cash flow and a solid balance sheet. Investors will watch for potential rebounds in marketing sales and operational efficiencies.

Portfolio Pulse from Henry Khederian

October 30, 2024 | 2:46 pm

BUL

FTV

UTRN

Fortive Corporation reported Q3 results with a revenue miss but an EPS beat. The company revised its FY24 guidance and plans a strategic split. Fortive's shares are down 2.41%.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 2:46 pm

IEX

IDEX shares rose following the release of Q3 financial results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:45 pm

UNM

Unum Group shares rose following the announcement of better-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:43 pm

EXE

Expand Energy shares rose following the release of Q3 financial results, an increased annual synergy outlook, and a $1 billion share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:42 pm

ZBH

Zimmer Biomet Holdings shares rose following the announcement of better-than-expected Q3 sales results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:41 pm

AMD

AVGO

MU

NVDA

TSM

Chip stocks, including Nvidia, Broadcom, Taiwan Semiconductor, and Micron, are trading lower due to AMD's disappointing earnings report. Despite AMD's revenue growth, its gaming and embedded segments declined. The chip sector faces challenges from geopolitical tensions and AI technology sustainability. Partnerships are forming to reduce dependence on Nvidia.

Portfolio Pulse from Anusuya Lahiri

October 30, 2024 | 2:37 pm