Streetbeat News

Earnings

BLDR

DHI

LEN

MTH

NVR

PHM

SKY

TOL

Shares of homebuilders are trading lower following D.R. Horton's disappointing Q4 earnings and sales report.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:41 pm

CRAK

IEO

PSX

Phillips 66 reported strong Q3 FY24 results with significant gains in its Marketing and Chemicals segments, despite a decline in its Midstream and Refining segments. The company's adjusted EPS exceeded expectations, and it continues to make progress on its share repurchase and dividend distribution targets. Investors can gain exposure to Phillips 66 through ETFs like iShares U.S. Oil & Gas Exploration & Production ETF and VanEck Oil Refiners ETF.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 2:40 pm

SOFI

SoFi shares initially rose on better-than-expected Q3 financial results but later reversed and traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported a 17.5% YoY revenue growth in Q3, missing the consensus slightly. Despite this, the company showed strong financial performance with a 29.2% increase in operating income and a higher-than-expected adjusted EPS. The company is optimistic about future growth, projecting a $14 EPS in 2025, driven by strong demand and new offerings.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 2:35 pm

MSCI

MSCI Inc reported a strong fiscal Q3 2024 with a 15.9% revenue growth, surpassing analyst expectations. The company achieved its best-ever recurring sales in Index and Analytics, with significant growth in asset-based-fee revenue. Despite a slight decline in operating margin, MSCI's adjusted EPS and free cash flow were robust. The company declared a dividend of $1.60 per share for Q4.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 2:33 pm

BKYI

EFSH

GLYC

HRYU

MCD

PGHL

SHPH

U.S. stocks showed mixed performance with the Dow Jones slightly down and NASDAQ slightly up. McDonald's reported better-than-expected earnings, boosting its stock. GlycoMimetics, BIO-key International, and Shuttle Pharmaceuticals saw significant stock price increases due to positive company news, while 1847 Holdings, Hanryu Holdings, and Primega Group Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 2:30 pm

COIN

MSTR

Crypto-related stocks MicroStrategy and Coinbase are rising as Bitcoin prices surge past $71,000. This increase is driven by significant Bitcoin ETF inflows and increased derivatives activity. Both companies are set to report their Q3 financial results soon.

Portfolio Pulse from Adam Eckert

October 29, 2024 | 2:20 pm

JBLU

JetBlue's CEO expressed confidence in achieving full-year operating profitability by 2025, citing a positive supply and demand backdrop. However, significant work remains to reach this goal.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:13 pm

SYY

Sysco Corporation's Q1 sales exceeded expectations, leading to a rise in share price despite lower-than-expected earnings. The company reported a 4.4% increase in sales and a modest rise in operating income. Sysco reiterated its FY25 outlook, projecting sales growth of 4%-5% and adjusted EPS growth of 6%-7%.

Portfolio Pulse from Nabaparna Bhattacharya

October 29, 2024 | 2:13 pm

UBER

Uber Technologies Inc is set to release its Q3 earnings report, with expectations of continued growth in its Mobility and Delivery segments. The company reported strong Q2 results, with a 16% revenue increase and significant EPS outperformance. Investors are keen to see if Uber can maintain its growth trajectory amid macroeconomic pressures and increased competition.

Portfolio Pulse from Henry Khederian

October 29, 2024 | 2:12 pm