Streetbeat News

Earnings

GLW

OCFS

TINT

Corning Inc (NYSE:GLW) reported strong Q3 2024 earnings, with an 8% increase in core sales and a significant rise in Optical Communications sales. The company beat analyst expectations for both sales and EPS. Corning's outlook for Q4 is positive, and it recently signed a major agreement with AT&T. GLW shares rose 8.24% premarket.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 2:51 pm

GLW

INCY

NARI

OPRA

VFC

WGS

Corning Incorporated (NYSE:GLW) reported better-than-expected Q3 earnings and a positive Q4 outlook, leading to a 7% stock price increase. Other companies like GeneDx Holdings, V.F. Corporation, and Opera Limited also saw significant stock gains due to strong financial results and guidance.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 2:47 pm

VMC

Vulcan Materials Inc. (NYSE:VMC) has a current stock price of $258.06, with a slight drop of 0.17%. Over the past month, the stock increased by 4.27%, and by 26.62% over the past year. The company's P/E ratio of 37.36 is higher than the industry average of 23.89, suggesting potential overvaluation or better performance expectations.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:45 pm

ECL

EVX

PIO

Ecolab Inc (NYSE:ECL) reported Q3 earnings with a slight miss on sales but a beat on EPS. The company revised its annual EPS forecast upwards. Despite positive organic sales growth and increased operating income, ECL shares are trading lower. Investors can access Ecolab through ETFs like VanEck Environmental Services ETF (NYSE:EVX) and Invesco Global Water ETF (NASDAQ:PIO).

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 2:44 pm

BLDR

DHI

LEN

MTH

NVR

PHM

SKY

TOL

Shares of homebuilders are trading lower following D.R. Horton's disappointing Q4 earnings and sales report.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:41 pm

CRAK

IEO

PSX

Phillips 66 reported strong Q3 FY24 results with significant gains in its Marketing and Chemicals segments, despite a decline in its Midstream and Refining segments. The company's adjusted EPS exceeded expectations, and it continues to make progress on its share repurchase and dividend distribution targets. Investors can gain exposure to Phillips 66 through ETFs like iShares U.S. Oil & Gas Exploration & Production ETF and VanEck Oil Refiners ETF.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 2:40 pm

SOFI

SoFi shares initially rose on better-than-expected Q3 financial results but later reversed and traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported a 17.5% YoY revenue growth in Q3, missing the consensus slightly. Despite this, the company showed strong financial performance with a 29.2% increase in operating income and a higher-than-expected adjusted EPS. The company is optimistic about future growth, projecting a $14 EPS in 2025, driven by strong demand and new offerings.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 2:35 pm

MSCI

MSCI Inc reported a strong fiscal Q3 2024 with a 15.9% revenue growth, surpassing analyst expectations. The company achieved its best-ever recurring sales in Index and Analytics, with significant growth in asset-based-fee revenue. Despite a slight decline in operating margin, MSCI's adjusted EPS and free cash flow were robust. The company declared a dividend of $1.60 per share for Q4.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 2:33 pm

BKYI

EFSH

GLYC

HRYU

MCD

PGHL

SHPH

U.S. stocks showed mixed performance with the Dow Jones slightly down and NASDAQ slightly up. McDonald's reported better-than-expected earnings, boosting its stock. GlycoMimetics, BIO-key International, and Shuttle Pharmaceuticals saw significant stock price increases due to positive company news, while 1847 Holdings, Hanryu Holdings, and Primega Group Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 2:30 pm