Streetbeat News

Earnings

ERIC

Ericsson shares surged 8.9% in pre-market trading after reporting better-than-expected quarterly earnings and sales. The company reported earnings of 11 cents per share, beating the consensus estimate of 8 cents, and sales of $6.110 billion, surpassing the expected $5.719 billion.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 10:22 am

JNJ

Johnson & Johnson reported its Q3 2024 earnings, with an adjusted EPS of $2.42, surpassing the estimated $2.21. The company's sales also exceeded expectations, reaching $22.471 billion compared to the forecasted $22.164 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:21 am

FBK

FB Financial (NYSE:FBK) reported Q3 2024 earnings per share of $0.86, beating the consensus estimate of $0.80. However, sales were $89.520 million, missing the $128.281 million estimate and showing a decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:18 am

GLD

SPY

USO

U.S. markets closed higher with record highs in the S&P 500 and Dow, led by semiconductors like Arm Holdings and Nvidia. Energy stocks declined due to a drop in crude oil prices. Asian markets were mixed, with significant declines in China. European markets showed mixed results, and crude oil prices fell over 5% due to demand concerns.

Portfolio Pulse from Akanksha Bakshi

October 15, 2024 | 10:16 am

MVIS

MicroVision reaffirms its FY24 revenue guidance of $8M-$10M, subject to customer approvals, despite reporting lower preliminary Q3 revenue of $0.15M-$0.2M due to a customer delaying orders. The company maintains its annual cash burn rate between $55-$60 million.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:16 am

CDNA

CareDx anticipates Q3 2024 revenue of $82M-$83M, surpassing consensus estimates. Testing services volume grew by 16% YoY, with revenue expected to rise by 26%. The company ended the quarter with $240M in cash and no debt.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:04 am

UNH

UnitedHealth reported a Q3 2024 medical care ratio of 85.2%, up from 82.3% last year. The increase is attributed to CMS Medicare funding reductions, medical reserve development effects, and business and member mix. No favorable earnings from medical reserve development were noted.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:01 am

MVPA

OCTA

TTE

TotalEnergies SE (NYSE:TTE) shares are down premarket due to expected lower hydrocarbon production levels in Q3, despite higher gas prices and a $1 billion projection for Integrated LNG results. The company plans significant investments in low-carbon energies and has acquired stakes in offshore wind projects.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 10:00 am

UNH

UnitedHealth has updated its 2024 adjusted EPS guidance to $27.50-$27.75, slightly narrowing from the previous $27.50-$28.00 range, and aligning closely with the consensus of $27.70. This adjustment accounts for increased business disruption impacts from Change Healthcare services.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:00 am

UNH

UnitedHealth Group reported its Q3 2024 earnings, with an adjusted EPS of $7.15, surpassing the estimate of $7.00. The company's sales also exceeded expectations, reaching $100.8 billion compared to the anticipated $99.279 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:56 am