Streetbeat News

Earnings

SAIC

Science Applications International Corp (SAIC) reported an adjusted EPS of $2.27 for Q3, up from $1.90 YoY. However, sales slightly decreased to $1.90B from $1.91B YoY.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:01 pm

SPOT

Spotify Technology S.A. (NYSE:SPOT) CEO Daniel Ek announced a 17% reduction in workforce due to economic slowdown and the need for efficiency. Despite beating Q3 FY23 revenue and EPS estimates, Spotify aims to lower its cost structure. Affected employees will receive severance packages, and the stock has risen 121% YTD. SPOT shares are up 1.43% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 11:57 am

Cigna Group expects to reaffirm its projected full-year 2023 consolidated adjusted income from operations on a per-share basis of at least $24.75, as company officials prepare to meet with investors and analysts in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:17 am

HTOO

Fusion Fuel Green reported a pre-tax loss of $4.401 million for Q3 2023. The company, which may be associated with the ticker HTOO, has experienced a setback as reflected in the quarterly financial results.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:17 am

HTOO

Fusion Fuel Green (NASDAQ:HTOO) reported Q3 sales of $2.73M, falling short of the analyst consensus estimate of $4.93M by 44.65%.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:15 am

FXI

TSLA

According to Reuters, which cited data from the China Passenger Car Association, sales of Tesla's China-made electric vehicles (EVs) decreased by 17.8% year-over-year in November, totaling 82,432 cars.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:47 am

CULP

GTLB

HTOO

IDT

JOAN

SAIC

Earnings are scheduled for December 4, 2023, with Fusion Fuel Green, Science Applications Intl, Culp, JOANN, GitLab, and IDT reporting. Fusion Fuel Green, Culp, and JOANN are expected to report losses, while Science Applications Intl and IDT are expected to report earnings. GitLab is projected to report a minimal loss.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 10:20 am

STLA

TSLA

The return of United Auto Workers to GM, Ford, and Stellantis is expected to boost US November payrolls by 180,000, a rise from October's 150,000. The unemployment rate is projected to remain at 3.9%, with a 4% increase in average hourly earnings year-over-year. The Federal Reserve is entering a blackout period before their December meeting, with Chair Jerome Powell downplaying rate cut expectations for early 2024. The UAW ended a six-week strike with GM, Ford, and Stellantis, securing a pay raise and cost-of-living allowances, and is now targeting unionization at non-union automakers, including Tesla and Toyota.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 7:52 am

ALK

GTLB

JOAN

SAIC

UBER

U.S. stock futures are trading lower on Monday, with key stocks in focus including SAIC expected to report earnings, Alaska Air's acquisition of Hawaiian Holdings, JOANN's expected quarterly loss, Uber joining the S&P 500, and GitLab's upcoming earnings report.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 7:37 am

ARBK

Argo Blockchain reported mining 145 Bitcoin or Bitcoin Equivalents in November, with a 5% increase in daily BTC production and a 25% increase in mining revenue to $5.30M compared to the previous month. The revenue boost was attributed to the rise in Bitcoin's price, and the company's HODL was 21 BTC as of November 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:06 am