Streetbeat News

Earnings

SBUX

Starbucks reported lower-than-expected Q4 revenues and a decline in global comparable store sales. Analysts have mixed views, with some seeing potential in the new CEO's efficiency strategy. Starbucks plans to improve customer wait times and shift promotional efforts, impacting future growth estimates.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 6:08 pm

FWONA

FWONK

SIRI

Sirius XM Holdings Inc reported a Q3 revenue decline of 4% to $2.17 billion, missing estimates. Adjusted EPS beat expectations. The company faced a $3.36 billion impairment charge related to Liberty Media, resulting in a net loss of $2.96 billion. Sirius XM revised its annual revenue outlook slightly downwards.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 6:02 pm

HLF

Herbalife shares increased following the release of Q3 financial results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:56 pm

ROKU

Roku Inc (NASDAQ:ROKU) shares fell 21.6% despite reporting better-than-expected Q3 results, with a loss of 6 cents per share and $1.06 billion in sales. Analysts adjusted price targets, with some maintaining positive ratings. Roku anticipates Q4 revenue of $1.14 billion.

Portfolio Pulse from Dylan Berman

October 31, 2024 | 5:55 pm

ADI

AMAT

AMD

INTC

NVDA

Semiconductor stocks are experiencing a decline in share prices, likely due to recent earnings reports from various companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:50 pm

NVO

REGN

SNY

Regeneron Pharmaceuticals reported strong Q3 results with an 8% increase in EPS and 11% revenue growth, beating expectations. Despite this, the stock is down 10.7%, possibly due to concerns over lower net selling prices for Eylea.

Portfolio Pulse from Vandana Singh

October 31, 2024 | 5:46 pm

DIA

IWM

QQQ

SPY

Major indexes are experiencing a downturn as large and mega-cap stocks decline following quarterly earnings reports. Investors are also considering the impact of the upcoming US presidential election and macroeconomic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:42 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) shares fell sharply after poor Q3 results, with analysts divided on its future. Goldman Sachs maintained a Neutral rating, Needham raised its price target, and H.C. Wainwright lowered its target but remained bullish. Analysts noted potential positive regulatory changes.

Portfolio Pulse from Hayden Buckfire

October 31, 2024 | 5:40 pm

CNK

Cinemark Holdings Inc. (NASDAQ:CNK) reported strong Q3 2024 earnings, beating analyst expectations with an EPS of $1.19 and sales of $921.8 million. Despite this, shares fell 1.9% to $29.90. The company saw significant revenue from admissions and concessions, and refinanced unsecured notes due in 2026.

Portfolio Pulse from Dylan Berman

October 31, 2024 | 5:39 pm

BIIB

Biogen Inc reported better-than-expected Q3 earnings, with adjusted EPS of $4.08 and sales of $2.47 billion, both beating consensus estimates. Despite raising its 2024 EPS guidance, Biogen's stock fell 2.5% as analysts adjusted their price targets, with Morgan Stanley downgrading the stock.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 5:28 pm