Streetbeat News

Earnings

COIN

MSTR

Crypto-related stocks MicroStrategy and Coinbase are rising as Bitcoin prices surge past $71,000. This increase is driven by significant Bitcoin ETF inflows and increased derivatives activity. Both companies are set to report their Q3 financial results soon.

Portfolio Pulse from Adam Eckert

October 29, 2024 | 2:20 pm

JBLU

JetBlue's CEO expressed confidence in achieving full-year operating profitability by 2025, citing a positive supply and demand backdrop. However, significant work remains to reach this goal.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:13 pm

SYY

Sysco Corporation's Q1 sales exceeded expectations, leading to a rise in share price despite lower-than-expected earnings. The company reported a 4.4% increase in sales and a modest rise in operating income. Sysco reiterated its FY25 outlook, projecting sales growth of 4%-5% and adjusted EPS growth of 6%-7%.

Portfolio Pulse from Nabaparna Bhattacharya

October 29, 2024 | 2:13 pm

UBER

Uber Technologies Inc is set to release its Q3 earnings report, with expectations of continued growth in its Mobility and Delivery segments. The company reported strong Q2 results, with a 16% revenue increase and significant EPS outperformance. Investors are keen to see if Uber can maintain its growth trajectory amid macroeconomic pressures and increased competition.

Portfolio Pulse from Henry Khederian

October 29, 2024 | 2:12 pm

JBLU

JetBlue Airways reported a Q3 adjusted loss per share of $0.16, beating expectations, with revenue slightly up at $2.365 billion. Despite improved operational performance, the company anticipates a Q4 revenue decline and a decrease in available seat miles. JetBlue aims to return to operating profitability, with strategic initiatives and sustainable fuel agreements in place.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 2:07 pm

WM

Waste Management shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:06 pm

WELL

Welltower shares increased following the release of Q3 financial results that surpassed expectations, along with an upward revision of its FY 24 FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:05 pm

EBMT

Eagle Bancorp Montana reported Q3 earnings per share of $0.34, beating the estimate of $0.30, but sales of $15.80M missed the $15.99M estimate. EPS remained unchanged from last year, while sales increased by 1.38% from $15.59M.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:04 pm

ITCI

Intra-Cellular Therapies (NASDAQ:ITCI) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $-0.19. The company previously beat EPS estimates, leading to a slight share price increase. Analysts rate ITCI as 'Outperform' with a price target suggesting a 32.88% upside. Despite strong revenue growth, ITCI lags in profitability metrics compared to peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:03 pm

PSX

Phillips 66 shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:03 pm