Streetbeat News

Earnings

LMT

Lockheed Martin's shares declined following the release of mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:36 pm

HRI

Herc Holdings Inc. (NYSE:HRI) reported Q3 earnings with adjusted EPS of $4.35, missing estimates, but revenues of $965 million exceeded forecasts. The company saw a 6% revenue increase, a 13% rise in equipment rental revenue, and an 8% net income growth. Herc raised its equipment rental revenue growth outlook and reaffirmed its full-year adjusted EBITDA guidance.

Portfolio Pulse from Vaishali Prayag

October 22, 2024 | 2:31 pm

PCAR

PACCAR shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:31 pm

LOGI

Logitech has raised its guidance due to stronger demand and improved profit margins, driven significantly by new products. This was revealed in a Reuters interview with the company's CEO.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:30 pm

LOGI

Logitech reported a strong Q2 with high-quality growth, innovation, and progress in its B2B segment. Despite weak growth in pointing devices, the company gained market share and expects demand to rebound. Logitech is optimistic about consumer resilience in the upcoming pre-Christmas quarter.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:30 pm

PII

Polaris Inc. (NYSE:PII) reported disappointing Q3 results, missing earnings and sales estimates, leading to a 5.16% drop in stock price. The company revised its 2024 outlook downward, expecting a 20% sales decline and a 65% drop in EPS compared to 2023.

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2024 | 2:09 pm

GEHC

GEV

GE Vernova and GE Healthcare, two of GE's spin-offs, are set to report their Q3 earnings. GE Vernova is expected to perform well due to its strong position in the electric power sector and AI-driven data centers, while GE Healthcare is focusing on AI in medical tech but faces challenges like slow Chinese orders.

Portfolio Pulse from Surbhi Jain

October 22, 2024 | 2:09 pm

GPC

Genuine Parts Co (NYSE:GPC) reported mixed Q3 earnings with a significant miss on EPS and a lowered annual outlook, leading to an 18.50% drop in stock price. Sales grew slightly, but profit margins contracted due to industrial weakness and challenges in Europe.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 2:06 pm

ENSC

GM

GNPX

GRI

INAB

JCSE

SGMO

U.S. stocks fell with the Dow Jones down over 150 points. General Motors (GM) reported strong Q3 results, beating earnings and sales expectations, and raised its 2024 EPS guidance. Several biotech stocks saw significant price movements, with Genprex and Ensysce Biosciences surging, while GRI Bio and others declined.

Portfolio Pulse from Avi Kapoor

October 22, 2024 | 2:03 pm

THFF

First Financial reported Q3 earnings of $0.74 per share, missing the analyst estimate of $0.91 and showing a significant decrease from last year's $1.37 per share.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:03 pm