Streetbeat News

Earnings

AMD

AMD reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:18 pm

HUM

Humana's shares are trading lower after the company reported its Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:18 pm

COUR

KBWB

LVS

The stock market is falling with the S&P 500 down more than 10% from its 2023 high due to inflation and government spending. Despite financial issues in China, Macau visitation is back at 2019 levels, which is positive for Las Vegas Sands ($LVS). Bank ETFs are predicting more bank failures, with the KBW Bank ETF ($KBWB) falling from $46 to $36. Gold and Bitcoin are rising while Treasuries are falling. 3Q GDP is up 4.9%, but this is seen as misleading. Coursera ($COUR) has had a great quarter, but its guidance is still conservative.

Portfolio Pulse from Gary Brode

November 01, 2023 | 5:18 pm

SHC

Sotera Health reported mixed Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:15 pm

SMG

Scotts Miracle-Gro reported better-than-expected Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:12 pm

RUN

SPWR

Sunrun Inc's (NASDAQ:RUN) shares are trading lower by 2.3% possibly in sympathy with SunPower Corporation (NASDAQ:SPWR) after the latter reported worse-than-expected Q3 results. SunPower reported a 9.3% YoY revenue decline in Q3 of FY23, totaling $432.00 million, falling short of the expected $453.25 million. The company also posted an adjusted EPS loss of $(0.12), missing the expected loss of $(0.00). This could raise concerns about the sector's performance as a whole.

Portfolio Pulse from Henry Khederian

November 01, 2023 | 5:12 pm

IONQ

IonQ, Inc. (NYSE:IONQ) shares are trading higher, despite being down by over 30% in the last month. Morgan Stanley analyst Scott Fessler maintained an Equal-Weight on IonQ and lowered the price target from $16 to $12. The company's co-founder and chief scientist, Dr. Chris Monroe, is set to depart. IonQ is expected to report a loss of 18 cents per share and quarterly revenue of $4.998 million in its Q3 financial results.

Portfolio Pulse from Erica Kollmann

November 01, 2023 | 5:10 pm

VFC

VF Corporation's shares are trading lower due to continued weakness following the company's mixed Q2 financial results and issued guidance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:09 pm

CCRD

CoreCard's shares are trading lower following the company's announcement of a year-over-year decrease in Q3 EPS results and worse-than-expected revenue results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:08 pm

RLAY

Relay Therapeutics (NASDAQ:RLAY) is set to release its quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $-0.83. The company's past performance shows a pattern of EPS misses and minor share price increases. The stock is currently trading at $6.6, down 68.72% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:02 pm