Streetbeat News

Earnings

META

Meta Platforms Inc (NASDAQ:META) shares have risen nearly 25% over the past quarter as the company prepares to report its Q3 earnings on Oct. 30. Analysts expect earnings of $5.24 per share and revenue of $40.253 billion. Meta has consistently exceeded estimates for six consecutive quarters. Analysts have issued positive updates, with several raising their price targets, anticipating a strong performance driven by AI innovations and ad spending.

Portfolio Pulse from Adam Eckert

October 24, 2024 | 5:18 pm

IBM

IBM reported mixed Q3 results with a revenue miss but a beat in earnings per share. Analysts have varied opinions, with some maintaining buy ratings and others adjusting price targets. The company's software segment showed strength, while consulting and infrastructure underperformed.

Portfolio Pulse from Priya Nigam

October 24, 2024 | 5:18 pm

SPGI

S&P Global Inc (NYSE:SPGI) reported strong Q3 earnings, beating analyst estimates with a 21% increase in EPS and a 16% rise in sales. Despite the positive results, the stock price fell. The company plans significant capital returns in 2024 and announced leadership changes.

Portfolio Pulse from Anusuya Lahiri

October 24, 2024 | 5:14 pm

LUV

Southwest Airlines (NYSE:LUV) has reported a strong earnings beat, with a 5.3% increase in total operating revenue, reaching $6.87 billion. The airline's stock is showing bullish momentum, supported by a Golden Cross and strategic changes, including a new alliance with Elliott Investment Management and six new board members. Despite challenges like COVID-19 and Boeing delivery delays, Southwest is projecting revenue growth for the fourth quarter.

Portfolio Pulse from Surbhi Jain

October 24, 2024 | 5:13 pm

WST

West Pharmaceutical Services, Inc. (NYSE:WST) reported strong Q3 results with adjusted EPS of $1.85, beating expectations. Sales reached $746.9 million, driven by demand for self-injection devices. The company raised its annual forecast and dividend, boosting investor confidence.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 5:09 pm

CARR

CBRE

DOW

GLD

HON

IBM

KKR

LRCX

LUV

LVS

NDAQ

NEM

NOW

RJF

SPGI

TMUS

TSLA

UNP

UPS

URI

VLO

XLY

Tech stocks surged on Thursday, led by Tesla's 18% rise after strong quarterly results. Despite Tesla's rally, market sentiment remained cautious. The S&P 500 and Russell 2000 were flat, while the Dow Jones fell. The Consumer Discretionary sector, influenced by Tesla, led gains. Treasury yields eased, boosting gold prices.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 4:58 pm

TMUS

T-Mobile US Inc (NASDAQ:TMUS) reported strong Q3 results, surpassing expectations with significant customer growth and revenue increases. Analysts have raised their price targets, highlighting T-Mobile's industry-leading performance in postpaid phone net additions and service revenue growth. The company has also increased its full-year guidance, indicating potential for further upside.

Portfolio Pulse from Priya Nigam

October 24, 2024 | 4:55 pm

LEA

Lear Corporation's stock is down after reporting Q3 2024 earnings. Sales were slightly above estimates but below last year's Q3. EPS beat expectations, and the company repurchased $209 million in shares. However, the full-year sales outlook is below analyst estimates.

Portfolio Pulse from Dylan Berman

October 24, 2024 | 4:51 pm

RCI

Rogers Communications reported Q3 earnings that beat expectations, with adjusted EPS of $1.04 surpassing the consensus estimate. Despite this, shares fell 3.59% due to mixed revenue results and ongoing network investments. The company declared a dividend and reiterated its growth outlook.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 4:49 pm

MRNS

Marinus Pharmaceuticals' stock plummeted after its oral seizure drug ganaxolone failed to meet the primary endpoint in a Phase 3 trial for tuberous sclerosis complex. The company is exploring strategic alternatives and reducing costs, including workforce cuts.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 4:42 pm