Streetbeat News

Earnings

GIGM

GigaMedia (NASDAQ:GIGM) reported a Q3 GAAP EPS of $(0.03), an improvement from $(0.05) YoY, but sales decreased by 28.20% to $769K from $1.07M YoY.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:16 am

AMZN

Amazon's India units have shown moderate revenue growth and reduced losses in FY24. Amazon Transportation Services increased revenue by 7.6% and reduced losses, while Amazon Wholesale saw a slight revenue decline but also reduced losses. Amazon Pay's revenue increased, and its losses narrowed significantly.

Portfolio Pulse from Ananthu C U

October 30, 2024 | 10:15 am

GO

Grocery Outlet is on track to meet its Q3 earnings guidance, with expected net sales of $1.1 billion, slightly above estimates, and a 10.4% year-over-year increase. Comparable store sales are expected to rise by 1.2%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:14 am

OTIS

Otis Worldwide shares declined following the release of disappointing Q3 financial results and a reduced annual outlook.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:13 am

KYOCY

Kyocera projects its FY2025 GAAP EPS to be $0.34 and anticipates sales of $13.57 billion.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:11 am

OTIS

Otis Worldwide has revised its FY24 outlook, adjusting its expected net sales to $14.2 billion and adjusted EPS to $3.85. The company anticipates organic sales growth of 1.5%, with a decline in new equipment sales but an increase in service sales. Adjusted operating profit is expected to rise by $140 million at constant currency.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:11 am

ALE

ALLETE reported Q3 earnings per share of $0.78, missing the $0.93 estimate, but sales of $407.20M beat the $391.00M estimate. EPS decreased by 47.65% from last year, while sales increased by 7.50%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:11 am

BG

Bunge has reiterated its FY24 adjusted EPS outlook of at least $9.25, slightly below the $9.41 estimate. Agribusiness results are expected to be slightly up from previous forecasts but down from last year. Refined and Specialty Oils are expected to improve from previous forecasts but remain below last year's record. Milling results are expected to decline from previous forecasts but improve from last year. Non-Core results are expected to drop significantly due to a joint venture sale. The company also provided guidance on tax rates, interest expenses, capital expenditures, and depreciation.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:10 am

TT

Trane Technologies has raised its FY24 organic revenue growth outlook to 11% from 10% and adjusted EPS outlook to $11.10 from $10.80, surpassing the estimated $10.09.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:10 am

OTIS

Otis Worldwide reported Q3 2024 earnings per share of $0.96, missing the analyst estimate of $0.97. Sales were $3.548 billion, also below the expected $3.587 billion. Both figures represent slight increases from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:09 am