Streetbeat News

Revenues

MRVL

Marvell's stock has increased by 18% since July, driven by growth in the AI infrastructure market. The company targets a 20% share of the $40 billion custom AI chip market, with significant growth expected in 2025. Recovery in non-AI segments is also anticipated to boost revenue.

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November 07, 2024 | 7:30 am

AFLYY

Air France-KLM reported stable Q3 2024 operating results at €1.2 billion, excluding the Olympic Games impact. Group revenues increased by 3.7% to €9.0 billion, with a load factor of 89%. However, unit costs rose by 3.4% due to higher staff, operation, and maintenance costs at KLM. Measures are being taken to improve KLM's performance.

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November 07, 2024 | 7:30 am

EDVMF

Endeavour reported its Q3-2024 results with an adjusted EBITDA of $317 million, free cash flow of $97 million, and shareholder returns of $229 million.

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November 07, 2024 | 7:15 am

AMZN

Amazon's Q3 2024 results highlight strong revenue and profit growth, driven by AWS and advertising. Economic indicators suggest a positive outlook for 2025, and technical analysis shows bullish momentum for Amazon's stock.

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November 07, 2024 | 7:00 am

ENGIY

Engie, a French utility company, reported an 11% decline in nine-month earnings due to lower income from its gas trading business, despite increased hydropower and renewable energy output.

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November 07, 2024 | 7:00 am

RNMBF

Rheinmetall, a German arms manufacturer, has narrowed its full-year operating margin guidance following record-high sales in the third quarter. The company has benefited from increased European defense spending due to the Ukraine war.

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November 07, 2024 | 7:00 am

ZURVY

Zurich Insurance Group reported an increase in its 9-month premium revenue and estimated its exposure to Hurricanes Helene and Milton in the US to be under $360 million.

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November 07, 2024 | 7:00 am

AMSSY

Austrian semiconductor manufacturer ams OSRAM forecasts lower Q4 revenue due to weak global automotive demand, following a Q3 revenue miss.

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November 07, 2024 | 7:00 am

PSKOF

Polish oil and gas company Orlen is reconsidering the future of its Olefin III petrochemical project due to its current unprofitability.

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November 07, 2024 | 6:45 am

AALBF

Aalberts N.V. reported a -2.9% organic revenue growth for the first ten months of 2024, with the building technology segment at -4.7% and industrial technology at -0.7%. The added value margin remained stable.

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November 07, 2024 | 6:45 am