Streetbeat News

Revenues

SPY

The USA CB Consumer Confidence index for October rose to 108.7, significantly surpassing the estimated 99.5 and the revised prior figure of 99.2. This indicates a stronger consumer sentiment than anticipated.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:01 pm

SSTK

Shutterstock (NYSE:SSTK) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has decreased by 7.41% to $56.25. Financially, Shutterstock shows strong net margins and ROE, but faces challenges in revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:01 pm

DBCCF

Decibel Cannabis Company Inc. has acquired AgMedica Bioscience Ltd. through a $6.3 million unsecured convertible debenture. The acquisition is expected to expand Decibel's international footprint and contribute significantly to its revenue and EBITDA in 2025. Decibel also announced a private placement and provided Q3 2024 financial guidance.

Portfolio Pulse from Nina Zdinjak

October 29, 2024 | 2:00 pm

AER

AerCap Holdings (NYSE:AER) has significantly outperformed the market over the past 15 years, with an average annual return of 17.55%. A $100 investment in AER 15 years ago would now be worth $1,148.91, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:00 pm

NIO

NIO (NYSE:NIO) has outperformed the market over the past 5 years with an average annual return of 27.21%, significantly increasing the value of a $100 investment to $374.80. This highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:00 pm

HUBB

Hubbell's shares declined following disappointing Q3 revenue results and a reduction in FY24 sales growth guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:58 pm

INCY

Incyte's shares rose following the announcement of better-than-expected Q3 revenue results and an increase in FY24 net product revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:55 pm

CVLT

Commvault Systems shares rose after the company reported better-than-expected Q2 financial results and issued Q3 and FY25 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:42 pm

HAYW

Hayward Holdings shares rose following the release of strong Q3 financial results and an upward revision of the lower end of its FY24 net sales guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:38 pm

JBLU

JetBlue Airways shares fell after the company reported disappointing Q3 financial results and projected revenue declines for FY24 and Q4.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:37 pm