Streetbeat News

Earnings

GOOGL

META

MSFT

U.S. markets closed lower due to declines in chip stocks, despite positive earnings from Microsoft, Meta, and Alphabet. U.S. GDP growth was slightly below expectations, but private payrolls exceeded forecasts. Crude oil prices rose on optimism about U.S. fuel demand, while the U.S. dollar softened.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 11:26 am

DRVN

Driven Brands has reiterated its fiscal year 2024 outlook, projecting an adjusted EPS of $0.88 to $1.00, which is below the analyst estimate of $1.02.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:25 am

LAUR

Laureate Education has reiterated its FY24 revenue guidance to be between $1.551 billion and $1.566 billion, slightly below the $1.56 billion estimate. The company expects a 5% growth in total enrollments and revenue, with adjusted EBITDA projected to grow by 7%-8%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:21 am

HII

HII has adjusted its FY24 financial outlook, lowering shipbuilding revenue expectations to approximately $8.8B and raising Mission Technologies revenue to $2.8B-$2.85B. The company also revised its operating margins and free cash flow projections.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:20 am

DRVN

Driven Brands Holdings reported Q3 2024 earnings per share of $0.26, surpassing the analyst estimate of $0.22. However, their sales of $591.679 million fell short of the expected $598.445 million, though they still marked a 1.83% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:19 am

DFH

Dream Finders Homes reported Q3 2024 earnings that missed estimates, with GAAP EPS at $0.70 versus the expected $0.84, and sales at $1.01 billion versus the expected $1.07 billion. Despite a 10% increase in homebuilding revenues and a 5% increase in home closings, the company's gross margin and net income decreased compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:18 am

LAUR

Laureate Education reported its Q3 2024 financial results, with GAAP EPS of $0.56 and sales of $368.6 million, both surpassing analyst estimates. The sales exceeded the expected $361.8 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:18 am

SXC

SunCoke Energy reported Q3 earnings per share of $0.36, significantly beating the analyst estimate of $0.22. Sales were $490.10 million, also surpassing the expected $409.95 million. Despite the earnings beat, sales decreased by 5.82% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:18 am

MBLY

Mobileye Global shares rose after the company reported Q3 earnings and sales that exceeded analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:17 am

NCLH

Norwegian Cruise Line has increased its full-year 2024 adjusted EPS guidance by approximately 8%, raising it from $1.53 to around $1.65, surpassing the estimated $1.58.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:17 am