Streetbeat News

Earnings

RBLX

Roblox Corp (NYSE:RBLX) reported strong Q3 2024 earnings with a 34% increase in bookings, surpassing analyst expectations. The company also raised its annual outlook, projecting higher bookings for Q4 and fiscal 2024. Despite recent bearish reports, Roblox's stock rose 15.30% premarket, supported by positive analyst ratings.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 1:49 pm

DRVN

Driven Brands shares rose following the announcement of better-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:46 pm

VAL

Valaris shares are experiencing an increase in trading value following the company's announcement of Q3 revenue results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:45 pm

ORCL

Deep-pocketed investors are showing significant interest in Oracle (NYSE:ORCL) options, with a mix of bullish and bearish sentiments. The options activity suggests a potential price range of $100 to $195. Oracle's stock is currently down 2.7% at $169.85, with mixed analyst ratings and an upcoming earnings release in 39 days.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 1:45 pm

OTEX

Open Text shares declined following the release of disappointing Q1 revenue results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:44 pm

NKLA

Nikola Corp reported Q3 earnings with a revenue miss at $25.18 million and an EPS miss with a loss of $2.75 per share. The company delivered 88 FCEVs, a 22% increase quarter-over-quarter, and saw a 78% increase in FCEV fleet adoption. Despite the misses, Nikola reiterated its guidance for FCEV volume and HYLA fueling solutions by year-end.

Portfolio Pulse from Adam Eckert

October 31, 2024 | 1:43 pm

DINO

HF Sinclair Corporation (NYSE:DINO) reported a 19% YoY revenue decline in Q3 to $7.207 billion, beating expectations. Adjusted EBITDA fell 74% to $316 million, with significant drops in the Refining and Lubricants segments. Adjusted EPS of $0.51 surpassed the consensus. The company declared a $0.50 dividend and engaged in share repurchases.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 1:43 pm

GVA

Granite Construction's shares are declining following the release of disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:43 pm

WCC

WESCO International shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:42 pm

ASC

CHRD

DHT

Analysts have provided updated ratings and price targets for three high-yield energy stocks: Ardmore Shipping Corporation, DHT Holdings, and Chord Energy Corporation. These stocks offer dividend yields over 8%, attracting investors during market uncertainty. Ardmore Shipping and DHT Holdings have upcoming earnings announcements, which may impact their stock prices.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 1:42 pm