Streetbeat News

Revenues

MRAAY

Murata Manufacturing reported Q2 earnings per share of $0.11, missing the $0.14 estimate, but sales of $3.10 billion exceeded the $2.94 billion estimate.

Portfolio Pulse from totan@benzinga.com

November 01, 2024 | 9:52 am

MITSY

Mitsui & Co reported a significant decrease in Q2 EPS to $6.20 from $9.34 YoY, despite a 4.99% increase in sales to $23.46B from $22.34B.

Portfolio Pulse from totan@benzinga.com

November 01, 2024 | 9:52 am

SEKEY

Seiko Epson reported a 50% decrease in Q2 EPS to $0.04, despite a 1.25% increase in sales to $2.27 billion compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

November 01, 2024 | 9:51 am

TILE

Interface has raised its 2024 net sales outlook to $1.315B-$1.325B, slightly above the previous range and consensus. The company also expects an improved adjusted gross margin of 36.6%.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:37 am

TILE

Interface anticipates strong retail billings in Q4 2024, though with slightly lower gross profit margins.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:35 am

NIO

NIO reported a significant increase in vehicle deliveries for October 2024, with a 30.5% year-over-year growth, totaling 20,976 vehicles. Year-to-date deliveries reached 170,257, marking a 35.1% increase. Cumulative deliveries hit 619,851 by the end of October 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:33 am

TILE

Interface (NASDAQ:TILE) reported Q3 2024 earnings of $0.48 per share, surpassing the analyst estimate of $0.34. Sales reached $344.270 million, exceeding the expected $336.419 million and marking a 10.70% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:31 am

F

TSLA

Ford will halt production of its F-150 Lightning pickup truck for six weeks due to competition from Tesla's Cybertruck, which outsold the Lightning in Q3. Ford's EV segment is facing financial challenges, with a significant EBIT loss expected for the year.

Portfolio Pulse from Anan Ashraf

November 01, 2024 | 9:06 am

MGA

Magna International has revised its FY24 sales outlook to $42.2B-$43.2B from the previous $42.5B-$44.1B, with adjusted net income now expected at $1.45B-$1.55B, down from $1.5B-$1.7B. The company has also adjusted its segment sales and EBIT margin expectations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:04 am

AAPL

Apple CEO Tim Cook expressed optimism about Apple's performance in China during the fourth-quarter earnings call, highlighting stable year-over-year performance and an all-time high in active devices. Despite positive signs, Cook refrained from speculating on the impact of China's economic stimulus. Apple reported fiscal fourth-quarter revenue of $94.9 billion, slightly beating expectations, with $15.03 billion in revenue from China.

Portfolio Pulse from Ananya Gairola

November 01, 2024 | 8:44 am