Streetbeat News

Earnings

TILE

Interface (NASDAQ:TILE) reported Q3 2024 earnings of $0.48 per share, surpassing the analyst estimate of $0.34. Sales reached $344.270 million, exceeding the expected $336.419 million and marking a 10.70% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:31 am

MGA

Magna International has revised its FY24 sales outlook to $42.2B-$43.2B from the previous $42.5B-$44.1B, with adjusted net income now expected at $1.45B-$1.55B, down from $1.5B-$1.7B. The company has also adjusted its segment sales and EBIT margin expectations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:04 am

MGA

Magna International reported its Q3 2024 financial results, with adjusted EPS of $1.28 missing the estimate of $1.41, and sales of $10.280 billion falling short of the expected $10.363 billion.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:00 am

AAPL

Apple CEO Tim Cook expressed optimism about Apple's performance in China during the fourth-quarter earnings call, highlighting stable year-over-year performance and an all-time high in active devices. Despite positive signs, Cook refrained from speculating on the impact of China's economic stimulus. Apple reported fiscal fourth-quarter revenue of $94.9 billion, slightly beating expectations, with $15.03 billion in revenue from China.

Portfolio Pulse from Ananya Gairola

November 01, 2024 | 8:44 am

AMZN

NVDA

Amazon CEO Andy Jassy emphasized the company's commitment to developing in-house silicon, despite a strong partnership with Nvidia. Amazon's custom silicon, Trainium and Inferentia, aims to offer better price performance for AI workloads. AWS continues to grow, with a 19.1% year-over-year increase, and maintains strong partnerships, including with Nvidia. Amazon's Q3 net sales and earnings exceeded expectations, leading to a 6.07% surge in after-hours trading.

Portfolio Pulse from Ananya Gairola

November 01, 2024 | 8:13 am

LVRO

Lavoro (NASDAQ:LVRO) reported fiscal year sales of $1.888 billion, surpassing the analyst estimate of $1.793 billion. However, the company experienced a net loss of $154.6 million, a significant increase from the previous year's loss of $43.7 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:51 am

CAH

CVX

META

MSFT

XOM

The S&P 500 and Nasdaq experienced significant declines, with Meta and Microsoft shares tumbling after reporting financial results. The CNN Money Fear and Greed index moved to the 'Fear' zone, indicating a decline in market sentiment. Investors are awaiting earnings from Chevron, Exxon Mobil, and Cardinal Health.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 7:07 am

AAPL

AMZN

CAH

CVX

XOM

Apple, Amazon, Chevron, Exxon Mobil, and Cardinal Health are in focus as they report earnings. Apple and Amazon exceeded expectations, while Chevron, Exxon Mobil, and Cardinal Health are set to release their results. Amazon shares rose significantly, while Apple shares fell despite strong results.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 7:03 am

ZBAO

Zhibao Technology reported a 29% increase in FY24 revenue to $25.27M and an EPS of $0.06. The company turned a profit from operations, reversing a loss from the previous year. Investments in selling and R&D increased significantly, and the company expanded its B channels and customer base.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:33 am

FUJHY

Subaru reported its H1 revenue increased to ¥2,266.2 billion from ¥2,213.5 billion year-over-year, and its EPS rose to ¥219.08 from ¥198.58 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:08 am