Streetbeat News

Earnings

BX

Blackstone Group Inc. (BX) shares are trading lower following the release of its Q3 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:45 pm

T

AT&T reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:44 pm

NFLX

Netflix Inc. (NASDAQ:NFLX) has decided to discontinue its Basic plan in several countries, including Australia. The change will affect new and returning subscribers, but current users will retain their existing plans. The company plans to initiate the same changes in Germany, Spain, Japan, Mexico, Australia, and Brazil next week. This decision follows Netflix's strong Q3 results, where it reported a 7.8% YoY increase in revenue to $8.54 billion.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 12:43 pm

SAP

SAP's shares are trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:41 pm

TSLA

Tesla's shares are trading lower following the release of its Q3 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:41 pm

BCBP

BCB Bancorp reported Q3 earnings of $0.39 per share, missing the analyst consensus estimate of $0.50 by 22%. This is a 48.68% decrease from the same period last year. The company also reported quarterly sales of $27.09 million, missing the analyst consensus estimate of $27.96 million by 3.13%. This is a 16.39% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 12:38 pm

CASS

Cass Information Sys (NASDAQ:CASS) reported Q3 earnings of $0.54 per share, a 15.62% decrease YoY. However, the company's quarterly sales of $49.22 million beat the analyst consensus estimate of $48.08 million by 2.38%, marking a 4.27% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:37 pm

BX

Blackstone Inc's (BX) shares are down by 4% following the release of its Q3 FY23 results. The company reported segment revenues of $2.32 billion, a 10% Y/Y decrease, and below the consensus of $2.51 billion. Distributable earnings fell 12% Y/Y to $1.21 billion, and fee-related earnings fell by 5% Y/Y to $1.12 billion. The company declared a quarterly dividend per share of $0.80 and repurchased 1.3 million shares in Q3. Despite the challenging market, Blackstone managed to raise over $25 billion of capital.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 12:35 pm

BMI

Badger Meter reported Q3 earnings of $0.88 per share, a 44.26% increase from the same period last year. The company's quarterly sales were $186.19 million, beating the analyst consensus estimate of $179.12 million by 3.95% and marking a 25.80% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:32 pm

NOK

Nokia Corp (NYSE:NOK) reported a 20% YoY decline in Q3 FY23 net sales to $5.42 billion, missing the consensus of $6.20 billion. The company also reported a decrease in net profit and sales across various sectors. Nokia aims to achieve $1.2 billion in cost savings by 2026, reducing its headcount from 86,000 to 72,000-77,000. Following the announcement, NOK shares fell by 5.01%.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 12:27 pm