Streetbeat News

Earnings

MS

Morgan Stanley shares are trading higher following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:47 am

SYF

Synchrony Financial reported a strong Q3 with a 29% profit growth, beating earnings expectations. The company raised its FY24 EPS forecast and saw a 4.90% premarket share price increase.

Portfolio Pulse from Akanksha Bakshi

October 16, 2024 | 11:44 am

IREN

IREN's AI Cloud Services Division is projected to generate around $32 million in annualized hardware profit by the end of December 2024, contributing approximately 10% to the company's overall earnings.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:35 am

ABT

Abbott Laboratories has projected its Q4 2024 adjusted earnings per share (EPS) to be between $1.31 and $1.37, surpassing the consensus estimate of $1.20.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:35 am

ABT

Abbott has updated its full-year 2024 adjusted EPS guidance to a range of $4.64 to $4.70, slightly narrowing its previous range of $4.61 to $4.71. This new guidance aligns closely with the consensus estimate of $4.66.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:34 am

OFG

OFG Bancorp reported Q3 earnings of $1.00 per share, missing the $1.02 estimate, and sales of $147.80M, below the $163.51M estimate. Despite missing estimates, earnings and sales increased compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:33 am

MS

Morgan Stanley reported Q3 2024 earnings of $1.88 per share, surpassing the analyst estimate of $1.58. Sales reached $15.38 billion, exceeding the expected $14.41 billion and marking a 15.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:31 am

ABT

Abbott Laboratories reported its Q3 2024 financial results, with adjusted EPS of $1.21, surpassing the estimate of $1.20. The company's sales reached $10.635 billion, exceeding the expected $10.549 billion.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:31 am

SYF

Synchrony Financial shares rose after the company reported better-than-expected Q3 results and increased its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:29 am

INTC

JBHT

NVCR

QQQ

SPY

US stock futures indicate a mixed opening after a tech sell-off led by ASML's weak forecast. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) show slight premarket gains. J.B. Hunt Transport Services (JBHT) and NovoCure (NVCR) see significant premarket rises due to positive earnings and FDA approval, respectively. Intel (INTC) declines on Qualcomm's investment delay. Oil prices continue to pressure energy stocks.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 11:29 am