Streetbeat News

Earnings

CHD

Church & Dwight Co Inc (NYSE:CHD) is expected to release its Q3 financial results on Nov. 3, 2023. Analysts predict earnings of 69 cents per share and revenue of $1.43 billion. The company recently initiated a voluntary recall of a product due to microbial contamination. The stock closed at $91.96, up 1.9%. Several analysts have updated their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 8:41 am

ARBK

Argo Blockchain reported that it mined 143 Bitcoin or Bitcoin equivalents in October, marking a 2% increase in daily BTC production from the previous month. The company's October mining revenue amounted to $4.26 million, a 19% increase compared to the prior month.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:42 am

GORO

Gold Resource Corporation (GORO) has postponed the release of its 3Q23 financial results to allow for the completion of audit procedures.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:40 am

CAH

FLR

MGA

OMI

SBUX

SPGI

The CNN Money Fear and Greed index remained in the 'Fear' zone on Thursday, despite U.S. stocks closing sharply higher. The Dow Jones jumped more than 550 points, marking its best day since June. Starbucks Corp and S&P Global Inc. reported better-than-expected financial results, while U.S. initial jobless claims increased by 5,000 to 217,000. The Federal Reserve maintained interest rates for a second consecutive time. Investors are awaiting earnings results from Owens & Minor, Inc., Cardinal Health, Inc., Fluor Corporation, and Magna International Inc.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 6:57 am

AAPL

Tech investor Gene Munster criticized Wall Street's reaction to Apple's Q4 results, calling it an overreaction. He pointed out that Apple's business would have seen a 7% growth if the quarter had 14 weeks, an improvement from the 1% decline in the previous quarter. Despite surpassing predictions with its Q4 results, Apple's stock was down 0.91% in after-hours trading due to iPhone revenue falling slightly below estimates.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 6:35 am

AAPL

CAH

FLR

OMI

SWKS

Apple, Fluor Corporation, Cardinal Health, Skyworks Solutions, and Owens & Minor are the stocks to watch heading into Friday. Apple reported stronger-than-expected earnings and sales results for its fourth quarter, but iPhone revenue was slightly below expectations. Fluor Corporation, Cardinal Health, and Owens & Minor are expected to report their quarterly earnings. Skyworks Solutions reported upbeat earnings for its fourth quarter, but issued a weak revenue forecast for its fiscal first quarter.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 6:35 am

AAPL

Apple Inc. (NASDAQ:AAPL) reported a record high in revenue from India, despite a minor slump in overall revenue. The company's Q4 results amounted to $89.5 billion, a 1% decrease from the previous year. However, iPhone sales in India surpassed predictions, setting a new standard for the September quarter. Apple's CEO, Tim Cook, and CFO, Luca Maestri, both highlighted the potential of the Indian market, with a 34% YoY surge in iPhone shipments in the country.

Portfolio Pulse from Shomik Sen Bhattacharjee

November 03, 2023 | 6:26 am

SEALSQ

SEALSQ has reported unaudited revenue of $22.1 million for the first nine months of 2023, a 20.4% YoY growth. The company has raised its FY23 revenue guidance to approximately $30 million, reflecting a 29% YoY growth, exceeding initial expectations of 20% growth. The growth is attributed to robust customer demand for semiconductors and Matter-related products, and an increase in market share.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:25 am

FET

Forum Energy Technologies (NYSE:FET) reported Q3 adjusted earnings of $0.05 per share, a 120% increase YoY. However, sales decreased by 1.38% to $179.30 million compared to $181.80 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:16 am

BTCUSD

Block Inc (NASDAQ:SQ) reported a 37.5% growth in Bitcoin revenue to $2.42 billion in Q3, surpassing analyst expectations. The company's gross profit from Bitcoin rose to $44 million, up from $36 million the previous year. The value of Bitcoin holdings in its corporate treasury was $216 million, exceeding their book value by $114 million. Block's total revenue grew 24% YoY to $5.62 billion, with Bitcoin revenue accounting for 43% of the total. The company's share price surged in after-hours trading.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 4:54 am