Streetbeat News

Revenues

OPEN

Opendoor Technologies' stock fell by 12.5% in October due to the impact of rising mortgage rates on residential real estate loans.

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November 07, 2024 | 5:45 am

STNE

StoneCo's stock has declined nearly 40% this year due to macroeconomic challenges in Brazil, particularly rising interest rates. Despite these challenges, the company maintains strong long-term growth projections.

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November 07, 2024 | 5:30 am

POWL

Powell Industries has seen a 1,250% stock increase over the last 24 months due to strong demand for power distribution systems. The company has improved its financials significantly, transforming from breakeven to profitable, with a reasonable valuation and strong cash position.

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November 07, 2024 | 5:00 am

AMED

Amedisys (AMED) has reported its Q3 earnings, providing insights into its business performance for the quarter ended September 2024. Investors should consider how key metrics compare with Wall Street estimates and year-ago figures.

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November 07, 2024 | 3:45 am

PYRGF

PyroGenesis reported its 2024 Q3 results with a 9% increase in revenue year-over-year, reaching $4 million. The company has a record backlog of $54.9 million and a gross margin of 42%. Cost-cutting measures have resulted in over $3 million in recurring annual savings.

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November 07, 2024 | 3:00 am

GXO

GXO Logistics is on track to achieve its FY 2027 EBITDA target, with strong growth prospects driven by new business wins and improving business confidence. The company reported a 27.8% year-over-year revenue growth in Q3, with organic growth accelerating for the third consecutive quarter. The sales pipeline increased by 30% year-over-year to $2.4 billion, particularly in eCommerce fulfillment.

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November 07, 2024 | 3:00 am

CVRX

CVRx's Barostim therapy is experiencing strong clinical success and revenue growth, bolstered by recent CMS reimbursement approvals. However, the company's path to profitability is challenged by rising SG&A costs and potential shareholder dilution.

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November 07, 2024 | 2:30 am

MELI

MercadoLibre's Q3 results reveal strong growth in gross merchandise volume, items sold, and its credit portfolio. Mercado Pago users increased by 35% year over year, highlighting expansion in financial services. However, margin pressure has negatively impacted shares.

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November 07, 2024 | 2:30 am

RNR

RenaissanceRe (RNR) released its Q3 earnings, providing insights into its revenue and EPS performance. Investors should consider how these metrics compare to Wall Street estimates and the previous year's figures.

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November 07, 2024 | 1:45 am

CRBG

Corebridge Financial reported strong Q3 results with a 32% EPS increase and $810 million in operating earnings. The company has been aggressive in capital returns, reducing share count by 8.4% and experiencing a 60% stock gain over the past year. Growth in annuity sales and AUM, especially in fixed annuities, enhances earnings predictability.

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November 07, 2024 | 1:30 am