Streetbeat News

Earnings

GM

General Motors' autonomous driving unit, Cruise, reported a 47% increase in losses from $497 million to $732 million in the last quarter due to ambitious scaling efforts. Despite this, GM's CEO Mary Barra remains optimistic about Cruise's growth and expansion. However, the California Department of Motor Vehicles suspended Cruise's autonomous vehicle deployment and driverless testing permits in San Francisco due to safety concerns. Morgan Stanley's Adam Jonas remains bullish on Cruise's prospects, predicting $1 billion in revenue by 2025.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 5:37 am

AMZN

GOOGL

MSFT

SNAP

TSLA

US stocks showed positive momentum on Tuesday with Dow Jones, NASDAQ, and S&P 500 indices rising. Microsoft, Alphabet, Snap, Amazon, and Tesla were the top stocks gaining attention. Microsoft reported a 13% YoY increase in its fiscal first-quarter revenue. Alphabet reported an 11% YoY increase in its third-quarter revenue. Snap announced a $500 million buyback program. Amazon received a Buy rating from Seaport analyst Aaron Kessler. Tesla hinted at a driving range for its upcoming Cybertruck comparable to or better than a Model X.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 1:30 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported Q3 earnings of $2.90 per share, missing the analyst consensus estimate of $2.95 by 1.66%. The company also reported quarterly sales of $433.30 million, missing the analyst consensus estimate of $454.67 million by 4.70%. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:57 pm

NIC

Nicolet Bankshares (NYSE:NIC) reported Q3 earnings of $1.54 per share, missing the analyst consensus estimate of $1.55 by 0.65 percent. However, this is a 19.38 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $61.47 million, beating the analyst consensus estimate of $60.41 million by 1.76 percent, but this is a 2.41 percent decrease over sales of $62.99 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:56 pm

MSFT

Microsoft has projected Q2 expenses of $15.5B-$15.6B, which includes $0.4B of purchase accounting adjustments and integration related costs from the Activision deal, according to a conference call.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:21 pm

MSFT

Microsoft has projected its Q2 cost of revenue (COGS) to be between $19.4 billion and $19.6 billion, as per a recent conference call.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:20 pm

MSFT

Microsoft has projected its Q2 More Personal Computing revenue to be between $16.5B and $16.9B, according to Reuters.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:19 pm

MSFT

Microsoft has announced that it expects its FY24 operating margins to remain flat year-over-year, inclusive of the net impact from its deal with Activision.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:17 pm

MSFT

Microsoft has projected its Q2 Intelligent Cloud revenue to be between $25.1 billion and $25.4 billion, as per a recent conference call.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:16 pm

ASTR

AWIN

BAER

CEAD

FTCI

GWAV

HA

NEOV

NOTE

NVVE

SPWR

WIRE

In Tuesday's after-market session, several industrials stocks saw significant movement. Gainers included Nuvve Holding (NVVE), NeoVolta (NEOV), CEA Industries (CEAD), Astra Space (ASTR), FiscalNote Holdings (NOTE), and FTC Solar (FTCI). Losers included Bridger Aerospace Gr (BAER), Hawaiian Holdings (HA), SunPower (SPWR), Greenwave Tech Solns (GWAV), AERWINS Technologies (AWIN), and Encore Wire (WIRE). Q3 earnings for Hawaiian Holdings and Encore Wire were released.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 9:31 pm