Streetbeat News

Earnings

EPAC

Enerpac Tool Group Corp. (NYSE:EPAC) reported lower-than-expected Q4 EPS, with shares dropping 6.85%. The company anticipates a slowdown in the industrial market for FY25, projecting net sales below consensus estimates. Despite challenges, Enerpac aims to outperform the industry with strategic growth initiatives.

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 10:54 am

USB

U.S. Bancorp reported Q3 2024 earnings per share of $1.03, surpassing the analyst estimate of $0.99. However, its sales of $6.864 billion fell short of the expected $6.895 billion, marking a 1.94% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:47 am

ASML

NVDA

U.S. markets closed lower with the Nasdaq dropping 1% due to falling chip stocks like Nvidia and ASML. The energy sector also declined as oil prices slid. Financials outperformed while healthcare disappointed. The NY Empire State Manufacturing Index dropped significantly. Most S&P 500 sectors closed lower, with technology, energy, and healthcare leading losses.

Portfolio Pulse from Akanksha Bakshi

October 16, 2024 | 10:45 am

FHN

First Horizon reported Q3 2024 earnings of $0.42 per share, surpassing the analyst estimate of $0.38 and marking a 55.56% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:38 am

SCHW

TD

TD Bank Group expects a gain of approximately C$178 million from its investment in Charles Schwab for Q3, as it reduces its stake from 12.3% to 10.1%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:35 am

ESGX

IYT

JBHT

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares surged premarket after reporting Q3 results. Despite a 3% Y/Y revenue decline to $3.07 billion, it beat the consensus of $3.02 billion. EPS of $1.49 also surpassed expectations. The company repurchased $200 million in shares, with $967 million remaining under authorization. Investors can gain exposure via IShares U.S. Transportation ETF (BATS:IYT) and Tuttle Capital Shareholders First Index ETF (BATS:ESGX).

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 10:28 am

JBHT

J.B. Hunt Transport Services shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:26 am

IBKR

Interactive Brokers Group shares declined following the release of disappointing Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:25 am

ASML

ASML shares are experiencing a decline due to the company's soft guidance for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:25 am

CFG

Citizens Financial Group reported Q3 sales of $1.901 billion, missing the estimated $1.938 billion.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:22 am