Streetbeat News

Earnings

MMC

MS

NFLX

TRV

UAL

The Dow Jones index hit a record close as investor sentiment improved, despite the Fear & Greed index remaining in the 'Greed' zone. Morgan Stanley and United Airlines reported strong earnings, boosting their stock prices. Investors are awaiting earnings from The Travelers Companies, Netflix, and Marsh & McLennan.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 6:15 am

AA

MMC

NFLX

STLD

TRV

U.S. stock futures are trading lower, but several companies are in focus due to earnings reports. Alcoa reported better-than-expected earnings, boosting its stock by 6%. Travelers, Netflix, Steel Dynamics, and Marsh & McLennan are also highlighted for their earnings expectations or results.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 6:08 am

DOGZ

Dogness reported a fiscal 2024 EPS of $(0.55), an improvement from $(0.68) YoY, with revenue declining to $14.8M from $17.6M YoY. Despite a challenging environment, the company improved its gross profit margin to 21.0% by reducing expenses.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:58 am

AAPL

NVDA

TSMC

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported strong Q3 results, driven by high demand for AI chips. Revenue and earnings exceeded expectations, with significant contributions from advanced technologies. TSMC's stock has risen significantly this year.

Portfolio Pulse from Shanthi Rexaline

October 17, 2024 | 5:57 am

TSM

Taiwan Semiconductor (NYSE:TSM) reported Q3 2024 earnings of $1.94 per share, surpassing the $1.77 estimate, and sales of $23.5 billion, exceeding the $23.096 billion estimate. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:45 am

NOK

Nokia has maintained its 2024 financial outlook, expecting a comparable operating profit between EUR 2.3 billion and EUR 2.9 billion, with a free cash flow conversion rate of 30% to 60%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:08 am

NOK

Nokia's Q3 2024 earnings report shows a miss on both EPS and sales estimates. The company reported an EPS of $0.07, missing the $0.08 estimate, and sales of $4.755 billion, below the $5.344 billion estimate. Despite the miss, EPS increased by 20.37% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:05 am

MS

Bitcoin's rally paused as it faced resistance, while Dogecoin surged over 7%. Morgan Stanley's stock rose 6.51% after beating profit estimates. Analysts predict Bitcoin could reach a new all-time high in 3-4 weeks and $90K by year-end.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 2:45 am

GSBC

Great Southern Bancorp reported Q3 earnings per share of $1.41, surpassing the analyst estimate of $1.26, marking an 11.9% beat. However, sales of $47.98 million fell short of the $51.01 million estimate, despite a 2.65% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:40 pm

SPOT

Spotify Technology (NYSE:SPOT) could benefit from the 2024 election cycle if it secures interviews with presidential candidates on 'The Joe Rogan Experience' podcast. Both Donald Trump and Kamala Harris are rumored to appear, potentially boosting Spotify's subscribers and advertising revenue. Analyst Justin Patterson of KeyBanc Capital Markets raised Spotify's price target, citing growth and margin improvements. Spotify's Q3 financial results are expected on Nov. 12, with potential upside in user growth and premium subscribers.

Portfolio Pulse from Chris Katje

October 16, 2024 | 10:40 pm