Streetbeat News

Earnings

AXP

American Express Co (NYSE:AXP) reported better-than-expected earnings for Q3, with revenue growing 12% YoY to $15.38 billion, beating the consensus of $15.36 billion. EPS of $3.30 also beat the consensus of $2.94. The company is on track to achieve revenue growth and EPS for the entire year. The company's dividend yield is currently 1.70%, which is a quarterly dividend amount of 60 cents a share ($2.40 a year). To earn $500 monthly from American Express dividends, an investor would need to own approximately $353,925 worth of American Express, or 2,500 shares.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 12:47 pm

UCTT

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has updated its Q3 financial results. The company now expects GAAP diluted net income per share to be approximately $(0.32) and non-GAAP diluted net income per share to be approximately $0.04. The shortfall is primarily due to a decline in Services business volume, reduced efficiencies, and an unfavorable mix of product revenue and geographic profits impacting the income tax rate.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:40 pm

ITB

IYK

MSFT

UBER

On CNBC's 'Halftime Report Final Trades', several financial experts shared their stock picks. Shannon Saccocia of Boston Private recommended iShares US Consumer Staples ETF (IYK), predicting margin recapture in the sector next year as inflation decreases. Josh Brown of Ritholtz Wealth Management picked Uber Technologies (UBER), which is set to report its Q3 financial results on Nov. 7, 2023. Kevin Simpson of Capital Wealth favored Microsoft (MSFT), which has risen 6% since its last earnings report and has an Overweight rating from KeyBanc with a $400 price target. Stephen Weiss of Short Hills Capital Partners is staying short on iShares U.S. Home Construction ETF (ITB).

Portfolio Pulse from Lisa Levin

October 23, 2023 | 12:37 pm

UCTT

Ultra Clean Holdings (UCTT) has announced that it expects its Q3 total revenue to be at or above the midpoint of its previously guided range. The company also expects its GAAP diluted net income loss per share to be between $(0.19)-$0.04, compared to the estimated $0.15.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:35 pm

BMRC

Bank of Marin (NASDAQ:BMRC) reported Q3 earnings of $0.33 per share, up from $0.28 per share last quarter. Quarterly sales were $27.07 million, beating the analyst consensus estimate of $24.89 million by 8.75 percent. However, this represents an 18.05 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:35 pm

AMZN

BTCUSD

ETHUSD

GOOGL

INTC

SPY

TSLA

The article covers a range of topics including upcoming Q3 earnings for Amazon, Alphabet, Meta, and Intel, the ongoing trial of Sam Bankman-Fried, and the performance of various cryptocurrencies. It also discusses political developments in the US, the potential for a recession in the US economy next year, and tech news including a rumored 32-inch iMac Pro and Tesla's entry into India.

Portfolio Pulse from Akanksha Bakshi

October 23, 2023 | 12:34 pm

IPA

ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA) has provided an update on its growth strategy, emphasizing its commitment to expanding its contract research organization (CRO) capabilities and leveraging technology for innovation. The company's subsidiary, BioStrand, is playing a key role in this strategy. IPA has also reported a 21.3% increase in revenue for the first quarter of fiscal year 2024, and a 44.0% growth in its protein manufacturing facility. Despite a recent drop in stock price, IPA remains optimistic about its future growth.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:18 pm

JELD

LLAP

WNS

The article lists four industrial stocks that are considered oversold and may present a buying opportunity. These include Desktop Metal, Inc. (DM), WNS (Holdings) Limited (WNS), Terran Orbital Corporation (LLAP), and JELD-WEN Holding, Inc. (JELD). The companies have reported various updates including termination of shareholder rights plan, revenue reports, public offerings, and quarterly results.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 12:11 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are trading lower in premarket trading on Monday, extending the lean patch seen since last Wednesday. The company's Q3 results showed both top-and bottom-line misses amid further margin erosion. CEO Elon Musk did not offer any clarity on the margin trajectory and expressed caution regarding the production ramp-up of the upcoming Cybertruck. Despite price cuts, the company has not seen the intended effect of lifting volume. The stock could also be reacting to the rising bond yields, which make equities less attractive.

Portfolio Pulse from Shanthi Rexaline

October 23, 2023 | 12:06 pm

BSRR

Sierra (NASDAQ:BSRR) reported Q3 earnings of $0.68 per share, beating the analyst consensus estimate of $0.67 by 1.49 percent. This represents a 3.03 percent increase over earnings of $0.66 per share from the same period last year.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:04 pm