Streetbeat News

Earnings

CRM

The article provides an analysis of Salesforce's performance compared to its peers in the software industry. It highlights Salesforce's potential undervaluation based on its P/E, P/B, and P/S ratios, but notes concerns about its lower ROE and revenue growth compared to industry averages. Salesforce's strong EBITDA and gross profit are positive indicators, and its low debt-to-equity ratio suggests a favorable financial position.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 3:00 pm

UBS

UBS Group shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:00 pm

AVGO

The article provides a comprehensive analysis of Broadcom (NASDAQ:AVGO) in the Semiconductors & Semiconductor Equipment industry, comparing it to major competitors. Broadcom's high P/E, P/B, and P/S ratios suggest overvaluation, while its low ROE, EBITDA, and gross profit indicate lower profitability. However, its strong revenue growth is a positive indicator.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 3:00 pm

SNAP

Snap Inc (NYSE:SNAP) shares surged after reporting better-than-expected Q3 results, with revenue and EPS beating estimates. The company saw a 15% revenue increase and 9% growth in daily active users. Snap announced a $500 million buyback program and highlighted its focus on AI and AR initiatives.

Portfolio Pulse from Adam Eckert

October 30, 2024 | 2:59 pm

TT

Trane Technologies shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:56 pm

EA

Electronic Arts shares rose following a strong Q2 EPS report, surpassing expectations. Several firms have subsequently increased their price targets for EA.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:53 pm

FLEX

Flex shares rose following the release of Q2 financial results that surpassed expectations, along with Q3 adjusted EPS guidance that exceeded estimates.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:51 pm

OTIS

Otis Worldwide Corporation's shares are declining after reporting Q3 2024 results that missed expectations and lowering its annual outlook. Despite a slight increase in EPS and sales, the company faces challenges in equipment sales, particularly in China.

Portfolio Pulse from Dylan Berman

October 30, 2024 | 2:51 pm

AMD

GOOGL

LLY

Alphabet's stock rose following positive earnings, while AMD's shares fell, impacting the broader chip sector. Eli Lilly's stock dropped over 6% after missing Q3 expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:48 pm

VMC

Vulcan Materials shares are trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:47 pm