Streetbeat News

Earnings

AMZN

NFLX

Netflix Inc (NASDAQ:NFLX) has seen significant growth since its IPO in 2002, with a $1,000 investment then being worth $377,908.86 today. The company's Q3 report showed revenue and earnings per share surpassing analyst predictions, driving the share price upwards. Netflix ended Q3 with 247.15 million paid global subscribers, adding 8.8 million in the quarter. The company remains a market leader in the streaming sector and continues to gain subscribers.

Portfolio Pulse from Chris Katje

October 20, 2023 | 8:29 pm

ATLO

Ames National (NASDAQ:ATLO) reported a 46.77% decrease in Q3 earnings per share (EPS) year-over-year, from $0.62 to $0.33.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:14 pm

GDX

GLD

NFLX

QQQ

SPY

TSLA

The market experienced volatility due to the escalating conflict between Israel and Hamas, remarks from Federal Reserve Chair Jerome Powell, and mixed earning reports from leading U.S. corporations. Rising bond yields pressured major stock indices, with SPY and QQQ down for the week. Tesla reported lower-than-expected Q3 results, causing its stock to decline. Netflix surpassed expectations with its Q3 report, resulting in double-digit gains for the week. Gold and gold mining stocks have performed well due to the conflict in Israel.

Portfolio Pulse from Piero Cingari

October 20, 2023 | 8:08 pm

Dynex Cap (NYSE:DX) is set to release its latest quarterly earnings report on October 23, 2023. Analysts estimate an EPS of $-0.17. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $10.8, down 2.32% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 8:00 pm

LCID

Lucid Group Inc's (NASDAQ:LCID) shares have fallen by 17.5% to $4.26 over the past five sessions due to an overall downturn in the EV industry and rising Treasury yields. The company's Q3 2023 production and delivery figures also contributed to the decline. Lucid produced 1,550 vehicles and delivered 1,457 in the quarter.

Portfolio Pulse from Henry Khederian

October 20, 2023 | 7:54 pm

USB

US Bancorp shares are trading lower amid weakness in banking stocks. The company reported Q3 earnings on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:34 pm

DIA

IWM

QQQ

SPY

Major indexes have declined after the 10-year Treasury yield briefly crossed 5% before pulling back. Investors are also evaluating recent earnings reports from US banks.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:30 pm

CFG

Citizens Financial's shares are trading lower, possibly in sympathy with other regional banks that have reported earnings.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:24 pm

ISRG

Intuitive Surgical Inc's (ISRG) Q3 FY23 earnings beat analyst consensus estimates, but sales fell short. The company revised its FY23 procedure volume outlook and cut its gross margin outlook. Several analysts have lowered their price targets and estimates for the company following the earnings report.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 7:14 pm

MAN

ManpowerGroup's (NYSE:MAN) Q3 FY23 results showed a 2.6% YoY decline in revenues to $4.676 billion, missing the analyst consensus. BMO Capital Markets analyst Jeffrey M. Silber reiterated a Market Perform rating on the company and lowered the price target to $79 from $88. Silber also lowered the FY23 revenue estimate to $18.851 billion from $19.160 billion and projected FY23 EPS of $5.78, down from $5.92. The company's performance was negatively impacted by its exposure to Europe, particularly Northern Europe.

Portfolio Pulse from Nabaparna Bhattacharya

October 20, 2023 | 7:14 pm