Streetbeat News

Earnings

UCL

UCLOUDLINK GROUP INC. announced its unaudited financial results for Q3 2024, highlighting its position as a leader in the mobile data traffic sharing marketplace.

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November 26, 2024 | 8:15 am

CDLR

Cadeler A/S reported strong Q3 results, driven by high client demand and effective utilization of its modern fleet. The company has a backlog nearing EUR 2.4 billion, highlighting robust market demand. The addition of the Wind Peak vessel further strengthens its capabilities.

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November 26, 2024 | 7:15 am

DLNG

Dynagas LNG (DLNG) reported growth in voyage revenue, EBITDA, and net income for 3Q24. The company announced buybacks and dividends for its common units, following a debt restructuring earlier in 2024 that reduced debt servicing costs and postponed maturities until 2029.

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November 26, 2024 | 7:15 am

SNOW

Snowflake's stock faced challenges due to disappointing FY 2025 guidance and CEO transition. New CEO Sridhar Ramaswamy's AI expertise aims to enhance Snowflake's AI capabilities and achieve a $10 billion revenue goal by FY 2029. Snowflake Cortex improves data workflows but needs further AI investment.

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November 26, 2024 | 7:15 am

ZIM

ZIM Integrated Shipping Services reported strong Q3 earnings due to increased freight rates and shipment volumes, leading to significant revenue and free cash flow growth. The company raised its EBITDA outlook for FY 2024 and announced a special Q3 dividend, enhancing its investment appeal.

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November 26, 2024 | 6:45 am

BN

Brookfield Asset Management is positioned as a 'buy and hold forever' stock with management aiming to double operational metrics in five years. A 22.7% YoY increase in fee-bearing capital in Q3 supports this growth trajectory.

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November 26, 2024 | 6:30 am

VTI

The article discusses potential reasons for a halt in the growth of the U.S. stock market, focusing on the Vanguard Total Stock Market ETF (VTI). It highlights rising Hold ratings for VTI's top holdings, below-average positive earnings surprises, increased negative EPS guidance, and elevated P/E ratios.

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November 26, 2024 | 5:15 am

CPRT

Copart reported $1.15 billion in revenue, surpassing estimates by $46.9 million, with a 12% year-over-year growth. The company's international service revenue surged by 30%, and international gross profit increased by 44%, showcasing its successful global expansion.

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November 26, 2024 | 5:15 am

ROST

Ross Stores reported modest net sales growth and gross margin expansion in 3Q24, but same-store sales growth decelerated due to weather impacts. Management raised FY24 EPS guidance and expects SSS growth to accelerate in 4Q24. Despite a positive outlook and a new CEO, the current valuation limits share price upside.

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November 26, 2024 | 4:45 am

SLVM

Sylvamo (SLVM) is experiencing strong earnings growth and efficient capital deployment, with a significant increase in sales and free cash flow. The company's strategy as a low-cost producer is yielding high returns on capital.

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November 26, 2024 | 4:00 am