Streetbeat News

Earnings

SPOT

Spotify has reported its Q4 results, with total Monthly Active Users (MAUs) reaching 601 million, indicating an addition of approximately 27 million MAUs in the quarter. The company also reported total premium subscribers of 235 million, implying an addition of around 9 million net new subscribers. Total revenue for the quarter was €3.7 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:07 am

AWI

Armstrong World Indus (NYSE:AWI) reported Q3 adjusted earnings of $1.60 per share, beating the analyst consensus estimate of $1.31 by 22.14%. This is a 17.65% increase from the same period last year. The company also reported quarterly sales of $347.30 million, beating the analyst consensus estimate of $330.15 million by 5.19%, a 6.86% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:06 am

SPOT

Spotify has reported a gross margin of 26.4% for Q3.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:05 am

PACW

PacWest Banc reported Q3 losses of $(0.31) per share, missing the analyst consensus estimate of $0.06 by 616.67%. The company's quarterly sales of $174.54 million also missed the analyst consensus estimate of $206.96 million by 15.67%. This represents a 130.39% decrease in earnings and a 53.31% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:04 am

SYF

Synchrony Financial (SYF) reported Q3 earnings of $1.48 per share, beating the analyst consensus estimate of $1.43 by 3.5%. However, the company's quarterly sales of $4.36 billion missed the analyst consensus estimate of $4.39 billion by 0.68%. The earnings represent a 0.68% increase from the same period last year, while the sales represent an 11% increase.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:04 am

DHR

Danaher Corporation (DHR) expects its Q4 non-GAAP base business core revenue from continuing operations to decrease by mid-single digits year over year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:04 am

SPOT

Spotify's Q3 report shows a 26% YoY increase in total Monthly Active Users (MAUs), reaching 574 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:04 am

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