Streetbeat News

Revenues

TKNO

Teknova reported a 17% increase in third quarter 2024 revenue to $9.6 million and lowered its 2024 total free cash outflow outlook to less than $16 million. The company reaffirmed its 2024 revenue guidance of $35-38 million.

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November 07, 2024 | 9:15 pm

CIA

Citizens, Inc. (NYSE: CIA) reported strong sales momentum and exceptional execution for the third quarter of 2024, highlighting significant developments in their financial performance.

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November 07, 2024 | 9:15 pm

LYFT

Lyft's stock surged following a positive Q4 outlook and better-than-expected Q3 sales. The company reported a 9% increase in active riders, indicating strong growth in commuter usage.

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November 07, 2024 | 9:00 pm

GS

Goldman Sachs has added the most partners to its ranks since 2006, amid increased dealmaking activity that has boosted profits at its headquarters.

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November 07, 2024 | 8:45 pm

OKTA

Okta is currently undervalued by about 31%, showing strong revenue growth and positive cash flows. It competes effectively against Microsoft in user authentication and identity management, with potential for improved profitability due to aggressive R&D investment and a declining SG&A ratio.

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November 07, 2024 | 8:30 pm

LVO

LiveOne (NASDAQ: LVO) is launching and live streaming rapper KYLE's new album, showcasing its growth in streaming, music publishing, production, and celebrity products. LiveOne has also entered the coffee market by acquiring Smyle Coffee in partnership with KYLE.

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November 07, 2024 | 8:30 pm

GOLD

Barrick Gold Corp. reported a strong Q3 performance with a 30% increase in free cash flow to $444 million, surpassing analysts' expectations. Adjusted EPS was $0.30, slightly below consensus estimates of $0.31. The company anticipates a production boost in Q4 as key projects ramp up.

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November 07, 2024 | 8:15 pm

DRS

Leonardo DRS is rated a Strong Buy due to favorable defense spending, improving margins, and expected double-digit EPS growth in 2025 and 2026. The company benefits from sole-source contracts and intellectual property, providing a competitive moat.

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November 07, 2024 | 8:00 pm

WBD

Warner Bros. Discovery plans to increase advertising on its Max streaming service, potentially impacting its revenue and user experience.

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November 07, 2024 | 8:00 pm

MRNA

Moderna's stock rises following a better-than-expected Q3 earnings report. The company has reiterated its guidance for 2024 product sales to be between $3 billion and $3.5 billion.

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November 07, 2024 | 7:45 pm