Streetbeat News

Revenues

COR

Cencora, Inc. (NYSE: COR) reported a 14.7% increase in revenue to $79.1 billion for Q4 2024 and a 12.1% increase to $294.0 billion for the fiscal year. However, GAAP diluted EPS dropped significantly to $0.02 from $1.72 in the previous year.

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November 06, 2024 | 11:45 am

CVS

CVS Health Corporation reported a 6.3% increase in third-quarter revenues to $95.4 billion. The GAAP diluted EPS was $0.07, and Adjusted EPS was $1.09, both impacted by a $1.1 billion charge in the Health Care Benefits segment. Year-to-date cash flow from operations reached $7.2 billion.

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November 06, 2024 | 11:45 am

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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November 06, 2024 | 11:15 am