Streetbeat News

Earnings

NFLX

Netflix has projected its Q4 earnings per share (EPS) to be $4.23 with a revenue of $10.128 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:02 pm

NFLX

Netflix reported Q3 2024 earnings per share of $5.40, surpassing the analyst estimate of $5.12. The company's sales reached $9.825 billion, exceeding the expected $9.769 billion and marking a 15.02% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:01 pm

TFC

Truist Financial shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 7:25 pm

META

Analysts have raised price targets for Meta Platforms Inc (NASDAQ:META) ahead of its Q3 earnings report, citing strong ad spending driven by political advertising. Mizuho and TD Cowen analysts expect Meta to beat earnings estimates, with price targets set at $650 and $675 respectively.

Portfolio Pulse from Adam Eckert

October 17, 2024 | 7:22 pm

DAL

UAL

XLI

Industrial stocks, led by United Airlines and Delta Air Lines, have outperformed the S&P 500, with the Industrial Select Sector SPDR Fund (XLI) rising 6.10% over the past month. United Airlines' stock surged 41% due to strong Q3 results and a share buyback program, while Delta Air Lines gained 18% despite mixed earnings.

Portfolio Pulse from Surbhi Jain

October 17, 2024 | 6:52 pm

ABT

Abbott Laboratories reported strong Q3 results with sales of $10.64 billion, beating expectations. The company projects continued growth, with a robust product pipeline expected to drive earnings growth into 2025. William Blair maintains an Outperform rating on Abbott, citing attractive valuation and potential EPS upside.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 6:42 pm

ALLY

Ally Financial Inc (NYSE:ALLY) is set to report its Q3 earnings, with investors focusing on the company's credit challenges, particularly in retail auto lending. Rising delinquencies and net charge-offs are key concerns, as these have exceeded expectations. The company's Q2 results showed a decline in revenue and net income, driven by loan losses and credit provisions. Analysts are watching for further deterioration in credit metrics and any changes in forward guidance.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 6:39 pm

ARES

Ares Management Inc. (NYSE:ARES) has seen a significant stock price increase, with a 4.05% spike in the current session and a 66.44% rise over the past year. The company's P/E ratio of 84.27 is higher than the Capital Markets industry average of 30.96, suggesting potential overvaluation. Investors are advised to consider multiple financial metrics and industry trends when evaluating the stock.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:31 pm

SWI

SolarWinds Corp plans to open a new office in Riyadh by 2025, driven by growing tech investments in Saudi Arabia. The company has seen double-digit growth since opening a Dubai office in 2022 and is considering moving its EMEA headquarters to Dubai. SolarWinds reported a 4% revenue growth in Q2 2024, surpassing analyst expectations, and anticipates further growth in Q3. The stock has gained 37% over the past year.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 6:29 pm

CSX

CSX Corporation has received a subpoena from the SEC regarding an accounting restatement disclosed in its second-quarter earnings report. The company is also responding to SEC inquiries about its non-financial performance metrics.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:16 pm