Streetbeat News

Earnings

BP

BP's shares are trading lower following the company's Q3 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:55 pm

CAT

Caterpillar Inc. reported its Q3 financial results, following which the company's shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:54 pm

PINS

Pinterest Inc (NYSE:PINS) reported strong Q3 earnings, with revenues of $763 million, beating estimates of $743.5 million, and EPS of 28 cents, surpassing estimates of 20 cents. The company's revenues were up 11% YoY, and global monthly active users increased 8% YoY to 482 million. Pinterest expects Q4 revenue growth of 11% to 13% YoY and a decline in operating expenses between 9% and 13%. Following the results, Keybanc, Rosenblatt, and BofA Securities analysts maintained or upgraded their ratings and raised their price targets for Pinterest.

Portfolio Pulse from Adam Eckert

October 31, 2023 | 12:50 pm

AAPL

NVDA

SSNLF

Samsung Electronics reported a Q3 sales decline to $51.3 billion, down from $76.78 trillion a year ago. The company's chip division reported a loss due to AI demand, while its display division, which makes screens for Apple's iPhone 15, saw an increase in operating profit. Samsung's mobile business also posted a profit, aided by new Galaxy Z foldable smartphones. The company plans to increase sales of highly profitable product lines in Q4, focusing on the pricier HBM as a new revenue stream.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 12:49 pm

MPWR

Monolithic Power Systems reported Q3 financial results and issued Q4 guidance. The company also announced a $640 million stock repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:47 pm

CHGG

Chegg reported Q3 financial results, issued Q4 guidance, and announced a 4% YoY decrease in Q3 Subscription Services revenues. This news led to a drop in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:46 pm

PETS

PINS

SPRC

SciSparc (SPRC) was granted a patent for its opioid reduction technology, causing its shares to surge by 152%. Pinterest (PINS) shares rose by 19% after reporting better-than-expected Q3 results and issuing guidance. PetMed Express (PETS) shares fell by 28% after its Q2 2024 sales missed estimates.

Portfolio Pulse from ryanfaloona@benzinga.com

October 31, 2023 | 12:46 pm

HLIT

Harmonic Inc. reported worse-than-expected Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:46 pm

WOLF

Wolfspeed reported mixed Q1 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:45 pm

VFC

VF Corporation reported mixed Q2 financial results and issued guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:44 pm