Streetbeat News

Earnings

ASML

SOXL

SOXS

ASML's accidental early release of its Q3 earnings report negatively impacted the tech sector, causing a 1% drop in the Nasdaq index. The report revealed a downward revision in ASML's 2025 net sales guidance, leading to bearish sentiment in the options market. This situation has brought attention to Direxion's leveraged ETFs, SOXL and SOXS, which are designed for short-term trading in the semiconductor sector.

Portfolio Pulse from Joshenomoto@benzinga.com

October 16, 2024 | 12:02 pm

CFG

Citizens Financial Group shares are trading lower due to disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:54 am

USB

U.S. Bancorp shares are experiencing an increase in trading activity following a better-than-expected earnings per share (EPS) report for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:54 am

PENG

Penguin Solutions' shares are trading lower following the release of their Q4 financial results. Needham has maintained a Buy rating on the stock but has lowered its price target from $35 to $25.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:49 am

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