Streetbeat News

Revenues

LOCO

El Pollo Loco faces declining traffic due to limited menu innovation and higher prices, despite maintaining positive comparable sales through price increases and mix improvements. The company achieved cost efficiency and margin growth but struggles with labor cost inflation and competition in California.

Portfolio Pulse from

November 06, 2024 | 11:45 am

MKTX

MarketAxess Holdings Inc. (Nasdaq: MKTX) reported a 20% increase in total revenues for Q3 2024, reaching $206.7 million. This includes $7.7 million from Pragma revenue and a $0.9 million increase due to foreign currency fluctuations.

Portfolio Pulse from

November 06, 2024 | 11:45 am

GIB

CGI reported strong financial results for Q4 and Fiscal 2024, with revenue and earnings growth. Q4 revenue increased by 4.4% to $3.66 billion, and diluted EPS rose by 8.5% to $1.91. Fiscal 2024 revenue was $14.68 billion, with a 6.6% increase in diluted EPS to $7.31. The company also reported a healthy book-to-bill ratio and backlog.

Portfolio Pulse from

November 06, 2024 | 11:45 am

PRGO

Perrigo reported its Q3 2024 financial results, showing a decline in net sales but growth in operating income and margins. The infant formula business is recovering, with significant market share gains and a 3% increase in net sales compared to the previous year. The company reaffirmed its fiscal 2024 adjusted EPS outlook.

Portfolio Pulse from

November 06, 2024 | 11:45 am

SOFI

SoFi Technologies reported strong Q3 earnings, surpassing estimates with significant membership growth and improved adjusted EBITDA. The company added 756k new members, reaching 9.4 million customers, and achieved a 33% year-over-year growth in financial services products. SoFi's EBITDA margins expanded significantly, with a 90% year-over-year growth in adjusted EBITDA.

Portfolio Pulse from

November 06, 2024 | 11:30 am

SBUX

Starbucks is facing challenges with weak sales in China, which is impacting its overall performance. The company has appointed a new CEO who aims to revitalize the business.

Portfolio Pulse from

November 06, 2024 | 11:15 am

KPLT

Katapult Holdings, Inc. reported a 10% revenue growth in Q3 2024, surpassing expectations. The company has seen eight consecutive quarters of year-over-year gross originations growth and anticipates a strong holiday season. Katapult has updated its full-year 2024 gross originations outlook.

Portfolio Pulse from

November 06, 2024 | 11:15 am

EL

Estée Lauder's stock has fallen 25% due to declining sales and profits, contrasting with the S&P500's 20% rise.

Portfolio Pulse from

November 06, 2024 | 11:15 am

IRBT

iRobot Corp. announced its third-quarter 2024 financial results and revised its full-year 2024 outlook. The company continues to make progress on its 'iRobot Elevate' strategy.

Portfolio Pulse from

November 06, 2024 | 11:15 am

CLVT

Clarivate Plc reported a decrease in revenues and net income for Q3 2024, with a net loss of $65.6 million. The company experienced a decline in organic revenues and adjusted EBITDA, while free cash flow increased due to working capital timing. CEO Matti Shem Tov highlighted the company's overdependency on low-margin transactional revenue.

Portfolio Pulse from

November 06, 2024 | 11:15 am