Streetbeat News

Earnings

LCID

Lucid Group Inc (NASDAQ:LCID) shares fell in after-hours trading following the announcement of a public offering and investment from the Public Investment Fund affiliate. The company plans to use the proceeds for general corporate purposes. Lucid's third-quarter earnings are expected on Nov. 7.

Portfolio Pulse from Adam Eckert

October 16, 2024 | 9:29 pm

STLD

Steel Dynamics Inc (NASDAQ:STLD) reported better-than-expected Q3 earnings, with revenue of $4.34 billion and EPS of $2.05, surpassing estimates. The company shipped 3.2 million tons of steel and generated $760 million in cash flow. Despite a sequential earnings decline due to lower steel pricing, the company is optimistic about future steel prices and expects additional earnings from new operations by 2025.

Portfolio Pulse from Adam Eckert

October 16, 2024 | 9:21 pm

HOMB

Home BancShares reported Q3 2024 earnings of $0.50 per share, missing the consensus estimate of $0.53. Sales were $257.99 million, slightly below the $258.90 million estimate. Despite missing estimates, both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:19 pm

AA

MS

NVDA

UAL

The stock market closed higher with notable rebounds in NVIDIA and Morgan Stanley. Alcoa saw a significant rise due to strong Q3 earnings, and airline stocks, including United Airlines, closed higher following UAL's earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:10 pm

CSX

CSX Corporation's stock fell after reporting Q3 results that missed earnings and revenue estimates. Despite a 3% increase in volume, the company faced challenges from recent hurricanes. Shares dropped 3.95% in after-hours trading.

Portfolio Pulse from Erica Kollmann

October 16, 2024 | 9:04 pm

TSM

Taiwan Semiconductor (NYSE:TSM) is set to announce its quarterly earnings on October 17, 2024. Analysts estimate an EPS of $1.80. The company's past performance shows that even an EPS beat can lead to a stock price drop if guidance is not positive. TSM has shown strong revenue growth and financial performance compared to its peers, with a consensus analyst rating of 'Outperform' and a potential 26.47% upside based on the average price target.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 9:00 pm

DFS

Discover Financial Services (NYSE:DFS) reported better-than-expected Q3 earnings and revenue, with earnings per share at $3.69 and revenue at $4.453 billion. Despite higher delinquency rates, the company saw increased net interest income and margin, modest loan growth, and progress in risk management.

Portfolio Pulse from Erica Kollmann

October 16, 2024 | 8:49 pm

LBRT

Liberty Energy reported Q3 earnings of $0.45 per share, missing the $0.58 estimate, and sales of $1.14 billion, slightly below the $1.15 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:49 pm

FR

First Industrial Realty Trust has projected its Funds From Operations (FFO) for the fiscal year 2024 to be between $2.61 and $2.65, compared to the analyst estimate of $2.62.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:46 pm

FR

First Industrial Realty (NYSE:FR) reported Q3 2024 earnings of $0.68 per share, surpassing the analyst consensus estimate of $0.66 by 3.03%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:44 pm