Streetbeat News

Earnings

UNP

Union Pacific executive stated that the company expects similar levels of Q4 paid sick leave expense to those of Q3. The impact of the BLET work rest agreements will primarily be seen through elevated force levels in Q4, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:09 pm

CCI

Crown Castle reported its Q3 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:08 pm

NFLX

Netflix Inc (NASDAQ:NFLX) reported strong Q3 results, beating consensus estimates with revenue of $8.54 billion and earnings of $3.73 per share. The company attributed the results to higher-than-expected member growth, with paid net adds of 8.76 million. Netflix also reported a growth in its ad tier, with memberships up almost 70% on a quarter-over-quarter basis. The company expects Q4 revenue of $8.692 million and earnings of $2.15 per share. Following the results, Keybanc analyst Justin Patterson upgraded Netflix from Sector Weight to Overweight and set a $510 price target.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 1:07 pm

NFLX

T

The article reports on the movement of 12 communication services stocks in Thursday's pre-market session. Netflix and AT&T were among the gainers, with their stocks increasing by 15.2% and 6.18% respectively. Netflix's Q3 earnings report and AT&T's Q3 earnings were mentioned as potential reasons for the increase. On the other hand, Treasure Global, So-Young Intl, Gamer Pakistan, BuzzFeed, Chicken Soup for the Soul, and ZW Data Action Tech were among the losers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 1:06 pm

EFX

IIIN

NEOV

NXU

During Thursday's pre-market session, several industrial stocks saw significant movement. Gainers included Nxu, NeoVolta, ESGL Holdings, iSun, Advent Technologies Hldgs, and Astra Space, with increases ranging from 5.5% to 28.6%. Losers included Rentokil Initial, Nuvve Holding, Grindrod Shipping Hldgs, Equifax, Insteel Indus, and Rollins, with decreases ranging from 5.38% to 19.7%. Equifax and Insteel Indus recently released their Q3 and Q4 earnings respectively.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 1:06 pm

ALK

Alaska Air Group, Inc (NYSE:ALK) reported Q3 adjusted EPS of $1.83, down from $2.53 a year ago and missing the consensus of $1.86. The company also reported sales of $2.84 billion, slightly missing the consensus of $2.87 billion. The company has cut its annual profit and revenue outlook, expecting EPS of $4.25-$4.75, down from the prior outlook of $5.50-$7.50. ALK shares are down 1.68% premarket.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 1:04 pm

CLEU

China Liberal Education (NASDAQ:CLEU) reported H1 earnings of $0.01 per share, a decrease of 88.89% YoY. However, the company's sales increased by 229.67% to $9.02 million, up from $2.74 million YoY.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:03 pm

SNA

Snap-On Inc reported Q3 FY23 sales growth of 5.2% YoY to $1.16 billion, reflecting a $52.4 million organic sales gain and $4.4 million of favorable foreign currency translation. Segment sales in Commercial & Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group increased on an organic basis. Gross profit for the quarter gained 8.6% to $578.2 million, and the gross margin expanded to 49.8%. Operating income increased 8.5% to $314.6 million. EPS improved from $4.14 to $4.51 YoY. Snap held $959.3 million in cash and equivalents as of September 30, 2023. The company anticipates its 2023 effective income tax rate to be about 23%.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 12:53 pm

NOK

Nokia reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:51 pm

LVS

Las Vegas Sands reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:50 pm