Streetbeat News

Earnings

SPOT

Spotify's Q3 total revenue has increased by 11% YoY to €3.357B.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:03 am

PII

Polaris (NYSE:PII) reported Q3 adjusted earnings of $2.71 per share, beating the analyst consensus estimate of $2.69 by 0.74 percent. However, this is a 16.62 percent decrease from the same period last year. The company's quarterly sales of $2.25 billion missed the analyst consensus estimate by 0.04 percent, marking a 3.93 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:03 am

AGNC

BCS

CDNS

FMC

IONQ

SEE

TBI

VMW

Several big stocks recorded losses in Tuesday's pre-market trading session. TrueBlue shares declined 19.5% due to weaker-than-expected Q3 results. IonQ shares dipped 15.3% following the announcement of the departure of its Chief Science Officer. AGNC Investment Corp shares fell 9.1% after reporting preliminary Q3 estimates. VMware shares declined 5.4% after a 3% gain on Monday. Barclays shares fell 4.6% after reporting Q3 results. FMC Corporation shares declined 4% after a downgrade by B of A Securities and Goldman Sachs. Sealed Air Corporation shares fell 3.2% after the CEO stepped down. Cadence Design Systems shares fell 2.9% after reporting Q3 results and issuing guidance.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 10:03 am

DHR

Danaher Corporation reported Q3 adjusted earnings of $2.02 per share, beating the analyst consensus estimate of $1.76 by 14.77%. However, this is a 21.09% decrease from the same period last year. The company also reported quarterly sales of $6.87 billion, surpassing the analyst consensus estimate of $6.26 billion by 9.79%, but this is a 10.31% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:03 am

DOW

Dow (NYSE:DOW) reported Q3 earnings of $0.48 per share, beating the analyst consensus estimate of $0.44 by 9.09%. This is a 56.76% decrease from the same period last year. The company also reported quarterly sales of $10.73 billion, beating the analyst consensus estimate of $10.32 billion by 3.97%, but a 23.98% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:03 am

GE

General Electric (GE) reported Q3 earnings of $0.82 per share, beating the analyst consensus estimate of $0.56 by 46.43%. This is a 134.29% increase from the same period last year. The company also reported quarterly sales of $16.50 billion, beating the analyst consensus estimate of $15.70 billion by 5.10%. However, this is a 13.54% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:02 am

PPBI

Pacific Premier Bancorp (NASDAQ:PPBI) reported Q3 earnings of $0.48 per share, missing the analyst consensus estimate of $0.55 by 12.73%. This is a 37.66% decrease from the same period last year. However, the company reported quarterly sales of $168.10 million, beating the analyst consensus estimate of $155.37 million by 8.19%. This is a 16.48% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:00 am

NVS

SDZNY

Novartis AG reported Q3 FY23 sales of $11.78 billion, up 12% Y/Y, beating the consensus of $11.40 billion. Sales growth was driven by strong performance from Entresto, Kesimpta, Pluvicto, Kisqali and Scemblix. The company also raised its core operating income growth guidance for FY23. Novartis completed the spin-off of Sandoz Group AG, which debuted on the SIX Swiss Exchange this month. NVS shares are down 0.90% premarket.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 9:53 am

ORAN

Orange has reiterated its FY23 targets of slight growth in EBITDAaL, significant reduction in eCAPEX, and organic cash flow of at least EUR3.5B from telecom activities.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:10 am

ORAN

Orange has reported its Q3 sales at EUR10.999B, which is in line with the estimated figures.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:02 am