Streetbeat News

Revenues

NET

Cloudflare's Q3 FY24 earnings report shows strong growth, with a 28% YoY revenue increase and 49% YoY non-GAAP income growth. The company is focusing on product innovation and sales capacity to reach its $5 billion revenue target, despite a decline in Net Dollar Retention.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

SKX

Skechers has seen a 26% increase in its stock price over the past year, driven by strategic infrastructure investments, global expansion, and strong performance in both wholesale and direct-to-consumer segments.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

SERVE

Serve Robotics is acquiring Vebu, known for the Autocado, to revolutionize kitchen automation in the QSR industry. This move aims to drive significant revenue and improve restaurant productivity, potentially boosting Serve's stock due to increased demand for innovative robotics.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

MELI

MercadoLibre's Q3 2024 report showed strong growth in e-commerce and fintech, with a 35% YoY revenue increase and market share gains in Brazil and Mexico. Despite a Q3 EPS miss, the company's strategic investments in logistics and credit expansion are expected to drive future growth.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

LINC

Lincoln Educational Services Corporation (Nasdaq: LINC) reported double-digit growth in revenue and student starts for Q3 2024 and raised its 2024 outlook.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

GSL

Global Ship Lease reported its Q3 2024 results, highlighting strong forward contract coverage and reduced breakevens to enhance profitability and cashflow. The company supports an annualized dividend of $1.80 and is positioned for fleet renewal and growth.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

BTGOF

UBS has reaffirmed its 'sell' rating on BT Group PLC, citing weaker-than-expected revenue in its Business division and rising expenses. The fiscal year 2025 forecast has been adjusted to a 1-2% revenue decline.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

PMEC

Primech AI, a subsidiary of Primech Holdings, has announced strategic expansion plans for its AI-powered toilet cleaning robot, HYTRON. With the global cleaning market expected to reach $74 billion by 2025, Primech AI aims to capture a significant market share.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

ITW

Illinois Tool Works has a history of strong returns, but its growth is currently stagnant. Despite respectable financial metrics, including growing revenue per share and stable profit margins, dividend growth has slowed.

Portfolio Pulse from

November 11, 2024 | 1:00 pm

BABA

JD

Alibaba and JD.com stocks rebounded after a previous decline due to an underwhelming economic package from China. The stocks recovered some losses on Monday.

Portfolio Pulse from

November 11, 2024 | 1:00 pm