Streetbeat News

Earnings

APTV

Aptiv PLC reported its Q3 earnings, with adjusted EPS beating estimates but revenue falling short. The company revised its financial outlook due to reduced customer schedules and weaker automotive production. Shares fell 16.6% following the announcement.

Portfolio Pulse from Vaishali Prayag

October 31, 2024 | 3:34 pm

META

Meta Platforms reported strong third-quarter earnings, with significant growth in its Threads platform, which now has 275 million monthly users. This growth positions Threads as a potential competitor to Elon Musk's X platform. Despite Musk's dismissive comments, Threads' user base is expanding rapidly, although it is not expected to significantly impact revenue until 2025.

Portfolio Pulse from Chris Katje

October 31, 2024 | 3:30 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) saw its stock rise nearly 30% after surpassing first-quarter sales estimates and appointing a former Apple executive as CEO. The company reported $586 million in sales, a GAAP net loss of $1 million, and improved margins. Strategic pricing adjustments and a shift to higher-margin revenue streams contributed to financial gains. Peloton expects second-quarter revenues of $640-$660 million, with increased marketing expenses for the holiday season.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 3:27 pm

PH

Parker-Hannifin Corp reported Q1 2025 results with a 1.2% sales growth to $4.9 billion, beating expectations. The Aerospace Systems segment showed strong performance, while industrial segments faced pressure. The company raised its EPS guidance and expects continued growth in aerospace.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 3:22 pm

ETN

Eaton Corp reported Q3 earnings with a revenue miss but an EPS beat. The company raised its full-year earnings guidance due to strong demand and backlog growth. Despite positive results, Eaton's stock was down 5.92% at the time of publication.

Portfolio Pulse from Adam Eckert

October 31, 2024 | 3:12 pm

INVH

Invitation Homes shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:10 pm

OHI

Omega Healthcare Investors shares rose following the release of Q3 results that exceeded expectations and an increase in FY24 adjusted FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:09 pm

CF

CF Industries shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:05 pm

CTSH

Cognizant Technology Solutions shares rose following the release of Q3 financial results that surpassed expectations, along with FY24 guidance that exceeded estimates.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:04 pm

EQR

Equity Residential shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:03 pm