Streetbeat News

Earnings

MCD

McDonald's CEO reported broad-based momentum across the business in Q3, despite challenging macro environment and continued headwinds. The company's top-line growth continued to moderate as expected, but it is still outpacing competitors.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:44 pm

PCRFY

TSLA

Panasonic Holdings Corp reported a 1% Y/Y sales growth in H1 FY24, with strong performance in the Automotive and Connect segments. However, the company lowered its FY24 revenue and operating profit outlook due to deteriorating market conditions and the impact of the U.S. IRA Tax Credit accounting treatment. The energy segment, which supplies Tesla Inc, also saw a reduction in its full-year operating profit forecast.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 12:41 pm

XPO

XPO Logistics shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:40 pm

ON

ON Semiconductor reported Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:34 pm

RRBI

Red River Bancshares (NASDAQ:RRBI) reported a decrease in Q3 earnings per share (EPS) to $1.12, down 21.13% from $1.42 YoY.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:32 pm

ALX

Alexander's (NYSE:ALX) reported a 17.5% decrease in quarterly FFO per share, down from $4.40 YoY to $3.63. However, the company's rental sales increased by 3.13% to $55.41 million from $53.73 million YoY.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:29 pm

CVX

Chevron Corp reported Q3 earnings with total revenues of $54.1 billion, beating the consensus of $51.44 billion, but an adjusted EPS of $3.05, missing the consensus of $3.75. The company offers an annual dividend yield of 4.18%, which is a quarterly dividend amount of $1.51 per share. To earn $500 per month from dividends alone, an investment of approximately $143,340 or around 993 shares is needed. Chevron's shares fell 6.7% to close at $144.35 on Friday.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:22 pm

SOFI

SoFi Technologies reported better than expected quarterly financial results and raised its 2023 guidance, leading to a rise in its share prices.

Portfolio Pulse from Luke J Jacobi

October 30, 2023 | 12:20 pm

WDC

Western Digital has announced better-than-expected EPS guidance for the upcoming quarter, leading to a rise in its share prices.

Portfolio Pulse from Luke J Jacobi

October 30, 2023 | 12:17 pm

SOFI

SoFi Technologies Inc's shares are trading higher by around 6% after the company reported better-than-expected Q3 FY23 results and raised its FY23 outlook. Adjusted revenue increased 27% Y/Y to $530.7 million, beating the consensus of $512.1 million. SoFi added over 717,000 new members in Q3, bringing its total member count to over 6.9 million (+47% Y/Y). Adjusted EBITDA rose by 121% Y/Y to $98.0 million. The company raised the outlook for adjusted net revenue to $2.045 billion-$2.065 billion and adjusted EBITDA to $386 million-$396 million for FY23.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 12:17 pm