Streetbeat News

Earnings

ABT

Abbott Laboratories reported strong Q3 earnings with revenue and EPS beating expectations. The company is well-positioned to achieve the upper end of its annual forecast, driven by significant growth in Medical Devices. Despite a decline in COVID-19 testing sales, Abbott's diversified business model shows resilience.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 1:08 pm

SANW

S&W Seed Company has announced a delay in filing its Form 10-K for fiscal year 2024 due to changes in reporting segments and ongoing work related to a voluntary plan of administration for its Australian subsidiary. The company plans to file the 10-K and hold a conference call soon.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:05 pm

FCCO

First Community (NASDAQ:FCCO) reported strong Q3 2024 results, with EPS of $0.50 beating estimates by 13.64% and sales of $16.982M surpassing expectations by 1.98%. This marks significant growth compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:04 pm

MTDR

Analysts have provided a range of ratings for Matador Resources (NYSE:MTDR) over the past three months, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has decreased slightly, reflecting a cautious outlook. Matador Resources has shown strong financial performance with impressive revenue growth, net margin, and return on equity.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 1:00 pm

MS

Morgan Stanley's CFO announced that the company's net interest income is expected to decrease modestly in Q4 compared to Q3 levels.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:48 pm

MS

Morgan Stanley's CEO highlighted that the current interest rate environment is beneficial for trading activities. Additionally, the CFO reported that the investment banking pipelines are healthy and diverse.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:42 pm

LRN

Fuzzy Panda Research has released a report on Stride Inc (LRN), alleging that over 25% of its EBITDA was derived from Covid-related funds. The report suggests that Stride Inc may have been overly reliant on these funds, which could impact its financial performance as such funding diminishes.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:33 pm

ULTA

Ulta Beauty shares declined following the announcement of its long-term business plans and reaffirmation of its fiscal 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:20 pm

USB

U.S. Bancorp reported Q3 earnings with an EPS beat but a revenue miss. The company saw rising credit loss provisions and a decrease in net interest income. Despite these challenges, USB shares are trading higher.

Portfolio Pulse from Nabaparna Bhattacharya

October 16, 2024 | 12:18 pm

PLD

Prologis has updated its FY24 Core FFO guidance to a range of $5.49-$5.53, slightly narrowing the previous range of $5.46-$5.54.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:07 pm