Streetbeat News

Earnings

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares are trading higher after the company reported better-than-expected Q3 financial results and raised its 2023 revenue guidance midpoint above the analyst consensus estimate. The company reported a Q3 revenue of $790 million, up 57% YoY, and a loss of 61 cents per share, beating the consensus estimate of a loss of 70 cents per share. DraftKings also raised its fiscal year revenue guidance to a new range of $3.67 billion to $3.72 billion, implying a YoY increase of 64% to 66%.

Portfolio Pulse from Erica Kollmann

November 03, 2023 | 2:18 pm

AAPL

BA

SPGI

On CNBC's 'Halftime Report Final Trades', Josh Brown of Ritholtz Wealth Management recommended Apple Inc., which recently reported stronger-than-expected earnings and sales for Q4, despite iPhone revenue falling slightly short of expectations. Jim Lebenthal of Cerity Partners recommended Boeing Co, which is recovering despite a recent cyberattack on its global services division. Karen Firestone of Aureus Asset Management recommended S&P Global Inc, which reported better-than-expected Q3 results and raised its annual profit outlook.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 2:18 pm

NET

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

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:16 pm

GDDY

GoDaddy's shares are trading higher following the company's announcement of better-than-expected Q3 total revenue results.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:15 pm

MGA

Magna International Inc. reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:15 pm

IT

Gartner Inc. reported better-than-expected Q3 financial results and raised its FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:14 pm

IEP

Icahn Enterprises LP (NASDAQ:IEP) reported Q3 FY23 results, with revenue of $2.99 billion, beating the consensus of $2.71 billion. However, the EPS loss of $(0.01) missed the consensus of $0.34. The company's indicative net asset value increased by $147 million to $5.2 billion. The company's stock traded higher by around 15% after the announcement.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 2:13 pm

AAPL

Apple Inc. reported stronger-than-expected Q4 earnings and sales, with earnings of $1.46 per share and revenue of $89.5 billion. However, iPhone revenue was below expectations. The company offers an annual dividend yield of 0.54%, which equates to a quarterly dividend of 24 cents per share. To earn $500 per month from dividends, an investment of approximately $1,109,813 or around 6,250 shares would be needed. Apple's shares were down 1.39% in early trading Friday.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 2:08 pm

BTCUSD

MARA

Marathon Digital Holdings has announced its Bitcoin production and mining operation updates for October 2023. The company produced 1,202 BTC in October and 9,812 BTC year-to-date. The energization of Garden City is underway, with full 4.1 EH/s expected by the end of November. The combined unrestricted cash and Bitcoin was $620 million as of October 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:02 pm

BILL

CPS

FOXF

INSG

MCRB

TNON

US stocks traded higher following the release of the October jobs report. The NASDAQ rose 1%, the Dow traded up 0.50%, and the S&P 500 rose 0.85%. The US economy added 150,000 jobs in October, less than the market estimates of 180,000. Tenon Medical, Seres Therapeutics, and Cooper-Standard Holdings saw significant stock increases, while Fox Factory Holding, BILL Holdings, and Inseego Corp saw significant decreases.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 2:02 pm