Streetbeat News

Earnings

ALV

Autoliv, Inc. (NYSE:ALV) shares rose despite mixed Q3 results. The company missed EPS expectations but exceeded revenue forecasts. Sales in China were impacted by a negative mix, but the company anticipates gaining market share with Chinese OEMs. Autoliv adjusted its 2024 sales growth outlook downward but reaffirmed its operating margin guidance.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2024 | 2:24 pm

LYFT

An option alert for Lyft shows 1,000 contracts of October 25 $14 calls were swept near the ask price at $0.26, with open interest at 2,062. The stock is currently at $13.75, ahead of its earnings report on November 6.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:23 pm

MCBS

MetroCity Bankshares reported Q3 2024 earnings per share of $0.65, meeting analyst expectations. The company's sales were $36.904 million, surpassing the $36.200 million estimate and marking a 36.40% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:15 pm

MCBS

MetroCity Bankshares reported Q3 2024 earnings per share of $0.65, which met analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:10 pm

CMA

Comerica shares are trading higher after the company reported better-than-expected earnings for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:05 pm

SLB

Schlumberger's CEO, Olivier Le Peuch, announced that the company expects muted revenue growth in Q4, following a steady revenue of $9.16 billion in Q3.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:04 pm

HXL

Hexcel (NYSE:HXL) is set to announce its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.47. The company's past performance shows mixed results, with a recent trend of negative returns over the last year. The consensus rating is Neutral, with a price target suggesting a potential upside. Hexcel's revenue growth is strong, but its gross profit lags behind peers.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 2:03 pm

WTFC

Wintrust Finl (NASDAQ:WTFC) is set to release its quarterly earnings report on October 21, 2024. Analysts expect an EPS of $2.51. Investors are keenly awaiting the announcement, especially after the company missed EPS estimates last quarter, resulting in a 4.98% drop in share price.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 2:02 pm

MEDP

Medpace Hldgs (NASDAQ:MEDP) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $2.80. Despite past EPS beats, the stock has shown volatile reactions, with a significant drop after the last earnings report. The stock is up 53.36% over the past year, and analysts have a Neutral consensus with a price target suggesting a 15.37% upside. Medpace shows strong financial metrics compared to peers, with high revenue growth, net margin, and return on equity.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 2:02 pm

AAPL

DOGE

NFLX

TSM

The article covers a range of topics including a 20% surge in iPhone 16 sales in China, Netflix's Q3 earnings boosting US market optimism, and a potential crypto surge as US elections and a Fed rate cut approach. It also mentions TSMC's impact on the Dow, Dogecoin's rally, and various political and economic developments.

Portfolio Pulse from Akanksha Bakshi

October 18, 2024 | 2:02 pm