Streetbeat News

Earnings

MCD

McDonald's shares are trading higher after the company reported better-than-expected Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:40 am

DYN

Dyne Therapeutics reported Q3 losses of $0.99 per share, missing the analyst consensus estimate of $0.83 by 19.28%. This represents a 23.75% increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:30 am

ATHE

Alterity Therapeutics Limited (NASDAQ:ATHE) has released its Q1 FY24 report, revealing a cash balance of A$16.7M as of September 30, 2023. The company also received a A$4.74M cash refund under the Australian R&DTI Scheme and was granted a new patent by the European Patent Office. The ATH434-201 Phase 2 study is proceeding as planned.

Portfolio Pulse from Charles Gross

October 30, 2023 | 11:29 am

AAPL

AMD

GM

QCOM

QQQ

SPY

STLA

US stocks are expected to bounce back from oversold levels as more earnings and the Federal Reserve’s rate decision are anticipated. The Fed is likely to maintain the status quo, with a 98.6% probability. Key earnings reports from Apple, Qualcomm, and Advanced Micro Devices are expected to take center stage. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose in premarket trading. Stellantis and General Motors rose in premarket trading after reaching tentative deals with the United Auto Workers union.

Portfolio Pulse from Shanthi Rexaline

October 30, 2023 | 11:22 am

BX

TPG

Blackstone Inc (BX) is reportedly buying a majority stake in Care Hospitals from TPG Inc's (TPG) fund, marking its entry into the Indian healthcare sector. The investment in the hospital chain is expected to be around $1 billion, giving Blackstone over 75% ownership. Care Hospitals also plans to acquire a majority stake in KIMSHEALTH. The total value of both deals is estimated between $1.3 billion and $1.5 billion. Recently, Blackstone reported lower than expected revenues and earnings per share.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 11:17 am

DOC

Physicians Realty Trust (NYSE:DOC) reported Q3 earnings of $0.25 per share, a decrease of 3.85% YoY. The company's quarterly sales were $138.55 million, beating the analyst consensus estimate of $137.14 million by 1.03% and marking a 5.35% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:15 am

PEAK

Healthpeak Properties (NYSE:PEAK) reported Q3 earnings of $0.45 per share, beating the analyst consensus estimate of $0.44 by 2.27%. This is a 4.65% increase from the same period last year. The company also reported quarterly sales of $556.24 million, beating the analyst consensus estimate of $541.92 million by 2.64%. This is a 6.89% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:13 am

MCD

McDonald's has projected its operating margin percent to be around 46% in 2023. The company also expects to spend between $2.2B and $2.4B in capital expenditures and plans to open approximately 1,900 restaurants globally in the same year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:06 am

SOFI

SoFi Technologies has raised its FY23 adjusted net revenue guidance to $2.045-$2.065 billion, up from the previous $1.974-$2.034 billion. The company also expects full-year adjusted EBITDA of $386-$396 million, a significant increase from the prior guidance of $333-$343 million. This represents a 48% incremental adjusted EBITDA margin and a range of 18.9% to 19.2% adjusted EBITDA margin. The company anticipates an increase in depreciation, amortization, and share-based compensation expenses in Q4 as it moves towards GAAP net income profitability.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:05 am

DCPH

Deciphera Pharmaceuticals reported Q3 earnings per share of $(0.58), beating the analyst consensus estimate of $(0.61) by 4.92%. This is a 5.45% decrease from the same period last year. The company also reported quarterly sales of $43.31 million, beating the analyst consensus estimate of $39.35 million by 10.07%. This is a 20.40% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:05 am