Streetbeat News

Earnings

MS

Morgan Stanley reported Q3 2024 earnings of $1.88 per share, surpassing the analyst estimate of $1.58. Sales reached $15.38 billion, exceeding the expected $14.41 billion and marking a 15.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:31 am

ABT

Abbott Laboratories reported its Q3 2024 financial results, with adjusted EPS of $1.21, surpassing the estimate of $1.20. The company's sales reached $10.635 billion, exceeding the expected $10.549 billion.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:31 am

SYF

Synchrony Financial shares rose after the company reported better-than-expected Q3 results and increased its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:29 am

INTC

JBHT

NVCR

QQQ

SPY

US stock futures indicate a mixed opening after a tech sell-off led by ASML's weak forecast. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) show slight premarket gains. J.B. Hunt Transport Services (JBHT) and NovoCure (NVCR) see significant premarket rises due to positive earnings and FDA approval, respectively. Intel (INTC) declines on Qualcomm's investment delay. Oil prices continue to pressure energy stocks.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 11:29 am

OMC

Omnicom Group's shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:28 am

RIO

Rio Tinto (NYSE:RIO) reported weaker-than-expected Q3 production, missing analysts' estimates. Despite short-term challenges, the company is optimistic about organic growth, with new projects in lithium and iron ore. The $6.7 billion acquisition of Arcadium Lithium is seen as a strategic move, despite a 90% premium. Rio Tinto's shares are slightly down in premarket trading.

Portfolio Pulse from Stjepan Kalinic

October 16, 2024 | 11:08 am

MESA

Mesa Air Group reported a Q3 EPS loss of $(0.23), an improvement from $(0.67) YoY, with sales of $110.80M, down from $114.69M YoY.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:06 am

CRGO

Freightos Limited reported a 26% year-over-year increase in Q3 transactions and a 35% growth in gross booking value.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:05 am

GOLD

Barrick Gold anticipates a significantly stronger Q4, aiming to meet its 2024 production targets for gold and copper. This aligns with its full-year guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:02 am

GOLD

Barrick Gold reported its preliminary Q3 production and sales figures, with 943,000 ounces of gold and 48,000 tonnes of copper produced, and 967,000 ounces of gold and 42,000 tonnes of copper sold.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:02 am