Streetbeat News

Earnings

TRU

TransUnion reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates. The company also lowered its FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:25 pm

LOGI

Logitech has reported better-than-expected Q2 financial results and raised its FY24 revenue outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:22 pm

BTCUSD

COIN

MSTR

Crypto-related stocks Coinbase Global Inc (COIN) and MicroStrategy Inc (MSTR) are trading higher as Bitcoin (BTC) continues to rise on spot ETF optimism. Bitcoin is up nearly 13% over the last 24 hours and more than 22% over the last week. Major U.S. financial firms including BlackRock have made changes to their pending applications for spot Bitcoin ETFs. Coinbase is set to release its Q3 financial results on Nov. 2, while MicroStrategy is due to report Q3 earnings on Nov. 1.

Portfolio Pulse from Adam Eckert

October 24, 2023 | 1:19 pm

HAL

Halliburton Company (NYSE:HAL) reported Q3 FY23 revenue of $5.804 billion, missing the consensus of $5.855 billion. However, operating income and adjusted EPS beat expectations. The company also repurchased $198 million of common stock. Despite the mixed results, HAL shares are trading lower by 1.06% in premarket trading.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 1:18 pm

KO

Coca-Cola's shares are trading higher following the company's Q3 financial results, which exceeded expectations. The company also raised its full-year guidance.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:18 pm

FXI

MMM

VGK

During a conference call, an executive from 3M Co stated that the company's performance in Europe remains weak and that its organic growth in China has declined year-over-year due to continued market softness.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:16 pm

NEE

NextEra Energy's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:16 pm

GM

During a conference call, the CFO of General Motors (GM) stated that the company has not observed any weakening in consumer demand.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:10 pm

AGYS

Agilysys Inc (AGYS) shares are up by 8% following the release of its Q2 FY24 results. The company reported a 22.8% Y/Y increase in net revenue to $58.6 million, surpassing the consensus of $56.79 million. Recurring revenue stood at $34.2 million, with subscription revenue accounting for 53.6% of total recurring revenue. Adjusted EBITDA rose to $8.1 million from $7.4 million in the prior year. The company raised its FY24 outlook for revenue to $235 million-$238 million and boosted subscription revenue growth guidance to 28% Y/Y.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 1:08 pm

AWIN

BAER

TBI

TRU

In Tuesday's pre-market session, several industrials stocks experienced significant movement. AERWINS Technologies, Bridger Aerospace Gr, Agrify, Terran Orbital, Laser Photonics, and Tigo Energy saw gains, while Performance Shipping, TrueBlue, Markforged Holding, Addentax Group, TransUnion, and C3is experienced losses. TrueBlue and TransUnion's losses followed their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 1:06 pm