Streetbeat News

Earnings

BLK

IBIT

BlackRock CEO Larry Fink expressed optimism about the future of cryptocurrencies, including Bitcoin, regardless of the outcome of the upcoming U.S. presidential election. He emphasized that the growth of digital currencies is driven by liquidity and transparency rather than regulation. BlackRock's iShares Bitcoin Trust ETF has become the largest Bitcoin investment fund, highlighting the company's commitment to Bitcoin as a hedge against the U.S. fiscal deficit.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 5:24 am

ERIC

Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) reported Q3 2024 earnings of $0.11 per share, surpassing the $0.08 estimate, and sales of $6.110 billion, exceeding the $5.719 billion estimate. This marks a significant improvement from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:22 am

AMD

ARKF

ARKK

ARKW

HOOD

Cathie Wood's Ark Invest sold $5.7M of Robinhood shares amid a Bitcoin surge, while buying AMD stock. Ark's ETFs offloaded 210,374 Robinhood shares, despite the company's recent positive earnings and upcoming investor day. Ark also made trades involving Markforged, Materialise, and Blade Air Mobility.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 3:17 am

JPM

NFLX

NVDA

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw significant gains as stocks reached new all-time highs. Bitcoin's price surged past $65,000, with analysts predicting further increases. Nvidia's stock also hit a record high, contributing to the stock market rally.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 2:44 am

FET

Forum Energy Technologies reported preliminary Q3 2024 revenue of approximately $208 million, slightly below the estimated $214.5 million. Bookings were $205 million, and results are within previously announced guidance ranges.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 9:59 pm

BAC

Bank of America is set to release its quarterly earnings on October 15, 2024, with analysts expecting an EPS of $0.77. Investors are keen on both the earnings results and future guidance, as past performance shows mixed market reactions despite beating estimates.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 9:00 pm

JETS

UAL

United Airlines is set to report its Q3 earnings, with analysts expecting revenue of $14.78 billion and EPS of $3.13. The company has a strong track record of beating estimates. Key factors include the impact of recent hurricanes and international expansion plans. United's performance could influence the U.S. Global Jets ETF, where it holds the largest weighting.

Portfolio Pulse from Chris Katje

October 14, 2024 | 8:41 pm

COTY

Coty anticipates its Q1 adjusted EBITDA to be flat or slightly lower year-over-year, despite strong gross margin expansion. The company maintains its FY25 adjusted EBITDA growth target of 9-11% YoY, with expectations of resumed growth in Q2. Coty aims for a leverage ratio close to 2.5x by the end of CY24, although tight inventory management by retailers may affect cash inflow timing. While global beauty growth is resilient, U.S. market growth has slowed in the latter half of Q1.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:34 pm

COTY

Coty reported preliminary Q1 results with sales growing 4-5% LFL, slightly below the prior estimate of 6%. Despite retailer caution and a slower U.S. market, Coty expects moderate Q2 sales growth and acceleration in the second half due to easier comparisons, new launches, and distribution expansion.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:31 pm

ASTI

BTBT

DGLY

DUOT

KARO

LTRX

OST

QUBT

WETH

ZPTA

In Monday's after-market session, several information technology stocks experienced notable price movements. Among the gainers were NextNav, Ascent Solar Technologies, Bit Digital, Wetouch Technology, Nano Labs, and Lantronix. Conversely, Digital Ally, Zapata Computing Holdings, Ostin Technology Group, Duos Technologies Group, Karooooo, and Quantum Computing saw declines. Karooooo's Q2 earnings report was released today.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 8:31 pm