Streetbeat News

Earnings

DIS

Disney's Indian subsidiary, Star India, reported a 144% increase in operating losses to $315 million in Q3 2023, largely due to costs associated with the ICC Men's Cricket World Cup. Despite this, Star India's sports revenue rose by 71% to $399 million, driven by effective monetization and increased advertising revenue during the event.

Portfolio Pulse from Utkarsh Roshan

February 08, 2024 | 9:40 am

Unilever's stock is trading higher following the announcement of its full-year FY24 results and the initiation of a new share buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:15 am

SFTBY

SoftBank Group Corp (OTC:SFTBY) reported a significant turnaround with its Vision Fund posting a $4.35 billion gain in the December quarter of fiscal year 2023, marking its highest gains in nearly three years. This recovery follows a challenging period where the Vision Fund suffered a record loss of approximately $32 billion in the previous fiscal year. The gains were largely attributed to the resurgence in tech company valuations and a profitable sale of shares in Arm Holdings, a majority-owned chip designer by SoftBank.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:04 am

DIS

GOOG

NFLX

The Walt Disney Co. (NYSE:DIS) announced plans to intensify its crackdown on Disney+ password sharing, following Netflix Inc.'s (NASDAQ:NFLX) lead. Disney CFO Hugh Johnston revealed during the Q1 earnings call that accounts suspected of password sharing will soon require users to create their own subscriptions. Additionally, Disney+ will offer the option to add users outside a household for an extra fee, similar to Netflix, though this feature will be introduced later in the year. The company does not expect significant benefits from these initiatives until the latter half of 2024. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) has also started enforcing similar restrictions on YouTube Premium family subscriptions.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 8:56 am

Unilever anticipates its FY24 underlying sales growth to fall within its long-term target range of 3% to 5%, aiming for a more balanced contribution from both volume and price increases.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:45 am

Unilever (NYSE:UL) reported a 3.7% increase in adjusted EPS to $2.80 from $2.70 YoY and a 1.71% increase in sales to $64.16B from $63.08B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:44 am

CMG

COP

HSY

SNAP

The CNN Money Fear and Greed index moved to the 'Extreme Greed' zone, indicating improved market sentiment. The S&P 500 approached the 5,000 mark, closing higher along with the Dow Jones and Nasdaq. Ford and Chipotle shares surged following strong quarterly results, while Snap shares plummeted. The U.S. trade deficit slightly widened. Sectors like information technology and consumer discretionary led gains, whereas consumer staples and real estate lagged. Earnings from Philip Morris, Hershey, Kellanova, and ConocoPhillips are anticipated.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:55 am

ARKK

COIN

ROKU

TSLA

ZOOM

Cathie Wood, founder of Ark Invest, suggests that stocks in the Ark Innovation ETF (ARKK) portfolio have significantly corrected and are poised for a rebound. Despite ARKK trading well below its 2021 peak, Wood believes that these stocks, which do not include the 'Magnificent Six', are showing earnings momentum and surprises on the upside. ARKK's top holdings include COIN, TSLA, ROKU, UI, SQ, and ZOOM, each with over 5% weighting in the ETF. ARKK ended a recent session up 1.01% at $47.1.

Portfolio Pulse from Shanthi Rexaline

February 08, 2024 | 7:54 am

COP

DIS

PYPL

ConocoPhillips, Disney, Philip Morris International, PayPal Holdings, and Kellanova are stocks to watch due to their recent financial updates and market movements. ConocoPhillips and Kellanova are expected to report earnings, with ConocoPhillips already seeing a slight increase in after-hours trading. Disney announced better-than-expected earnings, a new share repurchase program, and a significant investment in Epic Games, leading to a surge in its stock price. Philip Morris is also anticipated to release earnings, showing a modest increase in after-hours trading. PayPal reported strong fourth-quarter results but projected full-year earnings for 2024 to match those of 2023, below analyst expectations, causing its stock to dip.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:48 am

AZN

AstraZeneca projects a low double-digit to low teens percentage increase in Total Revenue and Core EPS for FY 2024 at CER. Collaboration Revenue is expected to rise significantly, while other operating income will see a substantial decrease due to the absence of previous gains. The Core Tax rate is anticipated to be between 18-22%.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:31 am