Streetbeat News

Revenues

SPY

President Biden commented on the October jobs report, noting that job growth is expected to rebound in November. He attributed the lower job growth to hurricanes and strike activity, emphasizing that more work is needed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:28 pm

CAH

Cardinal Health is focusing on accelerating growth in specialty therapeutic areas, with GLP-1 drugs contributing more to revenue than expected.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:13 pm

SPY

The U.S. economy added only 12,000 jobs in October, significantly missing estimates due to hurricanes, strikes, and election uncertainties. Despite the hiring slowdown, the unemployment rate remained at 4.1%. The weak jobs report increased expectations for Federal Reserve rate cuts, leading to a rally in futures on major U.S. equity indices.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 1:00 pm

AAPL

Apple's shares fell 2.03% in pre-market trading due to weak sales growth guidance for the December quarter, despite slightly surpassing earnings expectations. Concerns include declining revenue from China amid competition and a market adjustment to Apple's financial forecast.

Portfolio Pulse from Pooja Rajkumari

November 01, 2024 | 1:00 pm

DIS

FOX

FUBO

WBD

FuboTV reported strong Q3 2024 results with a 9% increase in subscribers and a narrowed EPS loss, leading to a premarket stock rise. Revenue grew 20.1% to $386.21 million, beating estimates. The company raised its annual revenue outlook and continues to face competition from Disney, Fox, and Warner Bros. Discovery.

Portfolio Pulse from Anusuya Lahiri

November 01, 2024 | 12:56 pm

W

Wayfair executives have indicated that they expect to end the fourth quarter with a revenue decline in the low single-digit range. This information was shared during a conference call.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:50 pm

INTT

inTEST Corporation has updated its financial guidance for Q4 and FY24. The company expects Q4 revenue between $34M and $37M, slightly above estimates, and has tightened its FY24 revenue outlook to $128M-$131M. The effective tax rate is expected to be 17%-19%, with Q4 EPS at $0.08 and adjusted EPS at $0.14.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:47 pm

ARCB

ArcBest Corp (NASDAQ:ARCB) shares fell after reporting a Q3 revenue decline of 5.8% to $1.06 billion, missing expectations. Despite productivity gains, shipment declines impacted results. Adjusted EPS also missed estimates, and shares dropped 5.22% premarket.

Portfolio Pulse from Akanksha Bakshi

November 01, 2024 | 12:46 pm

FGL

Founder Group shares are trading higher following the announcement that its subsidiary secured a $3.3 million solar EPCC photovoltaic contract.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:38 pm

CHTR

Charter Communications reported better-than-expected Q3 2024 results, with revenue and EPS surpassing analyst estimates. The company saw strong growth in mobile services and expanded margins, despite losing residential Internet and video customers. Charter's stock rose 5.9% premarket.

Portfolio Pulse from Anusuya Lahiri

November 01, 2024 | 12:37 pm