Streetbeat News

Revenues

YELP

Yelp plans to acquire auto services platform RepairPal for $80 million in cash, aiming to expand its services advertising revenues. The acquisition is expected to close by the end of the year, pending customary conditions.

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November 08, 2024 | 8:15 pm

SRPT

Sarepta Therapeutics reported a 39% increase in Q3 2024 revenues, driven by strong sales of ELEVIDYS and other DMD treatments. The company is advancing SRP-9003 gene therapy for LGMD, with phase 3 results expected in early 2025 and a potential BLA filing by mid-2025. Sarepta may need to raise additional funds within the next 12 months.

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November 08, 2024 | 8:15 pm

FOUR

Shift4 Payments (FOUR) is expected to report improved third-quarter 2024 revenues, driven by growth in the hospitality, restaurant, and sports and entertainment sectors.

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November 08, 2024 | 8:15 pm

CHCI

Comstock Holding Companies, Inc. (CHCI) reported a decline in Q3 earnings per share (EPS) to 23 cents from 46 cents last year, primarily due to deferred fees impacting revenues. However, the company experienced strong growth in recurring property management income, which helped mitigate the decline.

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November 08, 2024 | 8:00 pm

BMY

The biopharmaceutical sector is recovering, with Bristol-Myers Squibb (BMY) experiencing a nearly 25% growth in market cap. This recovery is driven by investor optimism following the U.S. Federal Reserve's interest rate cuts in September. However, Novo Nordisk and Lilly faced market setbacks.

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November 08, 2024 | 8:00 pm

FOSL

Fossil Group's Q3 2024 results show a narrower year-over-year loss and improved margins, attributed to cost-cutting and strategic shifts under its TAG Plan. However, the company experienced a 16.4% revenue decline due to weaker demand.

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November 08, 2024 | 8:00 pm

COUR

Levi & Korsinsky has initiated an investigation into Coursera, Inc. for potential violations of federal securities laws following its 1Q 2024 financial results, which missed revenue estimates and led to a lowered full-year guidance.

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November 08, 2024 | 7:45 pm

AMZN

ASML

IWM

Dryden Pence anticipates double-digit growth for markets under a Trump administration, with the Russell 2000 expected to benefit significantly.

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November 08, 2024 | 7:45 pm

TOL

Toll Brothers is expected to benefit from recent zoning regulation changes. The company's land-light strategy enhances margins and allows for riskier land investments. Home deliveries increased by 11% YoY in Q3 2024.

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November 08, 2024 | 7:30 pm

DKNG

DraftKings reported a 39% increase in revenue to $1.1 billion for the third quarter, driven by the return of the NFL season. The company is focusing on expanding into new markets while managing customer acquisition costs.

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November 08, 2024 | 7:30 pm