Streetbeat News

Earnings

ELIQ

NVVE

VICR

VRT

In Wednesday's pre-market session, several industrials stocks showed significant movement. Gainers included Nuvve Holding (NVVE), Electriq Power Holdings (ELIQ), Vertiv Hldgs (VRT), iSun (ISUN), Mesa Air Gr (MESA), and Addentax Group (ATXG). Losers included Vicor (VICR), 3D Sys (DDD), SunPower (SPWR), Greenbrier Companies (GBX), Hawaiian Holdings (HA), and Broadwind (BWEN).

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:05 pm

ALPP

PGY

TMPO

TXN

In Wednesday's pre-market session, several information technology stocks saw significant movement. Pagaya Techs, Alpine 4 Holdings, Powerbridge Technologies, Akerna, Remark Hldgs, and Mawson Infra Gr all saw their stocks rise, with Pagaya Techs leading the gainers with a 12.5% increase. On the other hand, Tempo Automation Holdings, Argo Blockchain, Rackspace Tech, Texas Instruments, Aurora Mobile, and Manhattan Associates all saw their stocks fall, with Tempo Automation Holdings leading the losers with a 9.4% decrease. Texas Instruments and Manhattan Associates both released their Q3 earnings reports yesterday.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:05 pm

HLT

Hilton Worldwide Holdings Inc (HLT) reported Q3 FY23 sales growth of 12.8% YoY to $2.673 billion, beating the analyst consensus estimate of $2.62 billion. The company also reported a 6.8% YoY increase in RevPAR and added 35,500 rooms to its system. Total expenses for the quarter rose 15.8% and the operating margin was 24.4%. Hilton raised its FY23 adjusted EPS outlook from $5.93-$6.06 to $6.04-$6.09. HLT shares are down 0.47% at $148.94 premarket Wednesday.

Portfolio Pulse from Shivani Kumaresan

October 25, 2023 | 1:04 pm

FNWD

Finward Bancorp (NASDAQ:FNWD) reported Q3 earnings of $0.51 per share, missing the analyst consensus estimate of $0.53 by 3.77%. This is a 53.64% decrease from the same period last year. The company also reported quarterly sales of $15.53 million, missing the analyst consensus estimate of $17.70 million by 12.26%, a 22.88% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:03 pm

SSBI

Summit State Bank (NASDAQ:SSBI) reported a 54.24% decrease in Q3 earnings per share (EPS) year-over-year, from $0.59 to $0.27.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:01 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading higher after the company reported better-than-expected Q1 financial results and issued an upbeat outlook. Q1 revenue was $56.52 billion, beating estimates of $51.4 billion, and Q1 EPS was $2.99, beating estimates of $2.50. The company guided for fiscal second-quarter revenue of $60.4 billion to $61.4 billion. Piper Sandler analyst Brent Bracelin maintained Microsoft with an Overweight rating and raised the price target from $400 to $425.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 12:58 pm

LAD

Lithia Motors Inc reported Q3 FY23 sales growth of 13% YoY to $8.28 billion, beating the analyst consensus. Adjusted EPS of $9.25 missed the analyst consensus of $10.08. New vehicle retail revenues increased by 17.5% YoY, and used vehicle retail revenues rose by 6.3%. Gross profit increased 4.3% YoY to $1.37 billion, but the gross margin contracted 140 basis points to 16.6%. The company's Board of Directors approved a dividend of $0.50 per share.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 12:52 pm

GOOG

GOOGL

Alphabet Inc's shares are trading lower despite reporting an 11% YoY increase in Q3 revenue to $76.69 billion, beating consensus estimates. The company also reported earnings of $1.55 per share, surpassing analyst estimates. However, the weaker than expected performance of the Google Cloud segment is causing selling pressure. Keybanc analyst Justin Patterson maintained an Overweight rating for Alphabet but lowered the price target from $155 to $153.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 12:51 pm

GD

General Dynamics reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:46 pm

BA

Boeing reported mixed Q3 financial results but reaffirmed its guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:44 pm