Streetbeat News

Earnings

SNOW

Snowflake Inc (NYSE:SNOW) stock rises after reporting Q3 earnings and revenue that surpassed estimates, with a 32% year-over-year revenue increase. Analysts have raised price targets, reflecting optimism in the company's performance and future guidance. Snowflake expects Q4 product revenue to grow 29-30% year-over-year and full-year product revenue to increase by 37%.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 1:55 pm

LVO

PODC

PodcastOne (NASDAQ:PODC), a subsidiary of LiveOne (NASDAQ:LVO), reported a record 121% growth in programmatic revenue for Q2 Fiscal Year 2024 over the same period last year. The company also saw a 24% increase in average programmatic CPM, marking a company high. With over 229 million programmatic impressions, an increase of 79% from the previous year, PodcastOne is capitalizing on the trend of programmatic advertising in podcasting. The company's success is attributed to its premium podcast inventory and effective programmatic partnerships.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:53 pm

LQR

LQR House Inc. (NASDAQ:LQR) reported a 300% increase in November revenue YoY, driven by a record-breaking Black Friday Cyber Monday weekend on its ecommerce platform CWSpirits.com. The company's total revenue for November reached $300,000, attributed to both marketing contracts and direct sales. CEO Sean Dollinger expressed excitement over the results and anticipates further success in the upcoming holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:53 pm

CRM

NTNX

VFS

Salesforce (CRM) shares rose by 9% following their Q3 financial results, with Q4 and FY24 adjusted EPS and sales guidance surpassing estimates. VinFast Auto (VFS) saw a 46% increase in their shares after announcing their participation and showcase of the VF 9 Electric Vehicle at the COP28 UN climate summit. Nutanix (NTNX) shares increased by 10% after reporting Q1 financial results that exceeded expectations and raising FY24 revenue guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

November 30, 2023 | 1:50 pm

F

Ford Motor Company (NYSE:F) has updated its full-year guidance post-UAW strike, projecting an adjusted EBIT of $10.0 billion-$10.5 billion and adjusted free cash flow of $5.0 billion-$5.5 billion. The guidance includes $1.7 billion in lost profits due to the strike, which affected production and vehicle wholesales. The new U.S. labor agreement with the UAW is expected to cost $8.8 billion, with an anticipated cost effect of about $900 per vehicle by 2028. Ford aims to offset this through increased productivity and reduced expenses. The company had generated $4.9 billion in net income and $9.4 billion in adjusted EBIT before the strike's full impact. Ford's shares rose 1.32% to $10.73 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 1:48 pm

FRO

Frontline shares have declined following the release of their mixed Q3 financial results, indicating that while some aspects of the report may have met or exceeded expectations, others fell short.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:47 pm

C

Citigroup Inc. (NYSE:C) shares rose 0.66% to $46.05, with a monthly increase of 12.81% but a yearly decline of 2.52%. The company's P/E ratio is lower than the Banks industry average, which could suggest undervaluation or lower future performance expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 1:45 pm

NTNX

Nutanix stock is up following the release of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for fiscal year 2024, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:42 pm

PSTG

Pure Storage reported Q3 revenue results that fell short of expectations and provided Q4 and FY24 revenue guidance that was below analyst estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:41 pm

VIVK

Vivakor reported a Q3 EPS loss of $(0.14), a 55.56% increase in losses compared to $(0.09) in the same quarter last year. However, sales rose to $16.31M, a 38.66% increase from $11.77M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:33 pm