Streetbeat News

Revenues

SKBSY

Skanska has secured a $153 million contract for the expansion of Columbia Memorial Hospital in Astoria, Oregon. This contract will be included in Skanska's US order bookings for Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 6:47 am

CCS

Century Communities is expanding its new home offerings by launching multiple developments in the Greater Nashville Area. This move is part of their growth strategy to increase their market presence.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 6:44 am

AAPL

DIS

Disney has stopped allowing new or returning subscribers to sign up for Disney+ and Hulu through Apple's App Store, avoiding Apple's in-app purchase fees. This move aligns with Disney's strategy to boost streaming revenue through price hikes and a crackdown on password sharing. The decision reflects a broader trend of companies opposing Apple's payment policies.

Portfolio Pulse from Ananya Gairola

October 22, 2024 | 6:07 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported strong Q3 2024 earnings, with EPS of $3.13 beating estimates by 48.34% and sales of $435.1M surpassing expectations by 15.31%.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:29 am

LOGI

Logitech has raised its fiscal year 2025 outlook, now expecting sales between $4.39 billion and $4.47 billion, up from the previous range of $4.34 billion to $4.43 billion. The company also increased its non-GAAP operating income forecast to $720 million-$750 million, compared to the prior $700 million-$730 million.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:57 am

AXP

UBS

Jim Cramer recommends buying American Express (AXP) shares despite a recent dip, citing strong earnings, credit quality, and appeal to younger customers. The company reported a significant earnings beat but missed revenue estimates, leading to a stock price drop. Cramer believes Wall Street underestimates AXP's long-term growth potential.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 1:38 am

BOW

Bowhead Specialty anticipates Q3 adjusted EPS of $0.36 to $0.39, surpassing estimates of $0.32. Gross written premiums are expected to rise 27% to 34% year over year, reaching $193 million to $200 million. Net income is projected between $11.5 million and $12.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:50 pm

SMBK

SmartFinancial (NYSE:SMBK) reported strong Q3 earnings, with adjusted EPS of $0.54 beating estimates by 14.89% and sales of $44.17M surpassing expectations by 4.25%. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:09 pm

LITE

Analysts have provided mixed ratings for Lumentum Holdings (NASDAQ:LITE) over the past three months, with a recent average price target of $60.67, reflecting a 13.23% increase. Despite positive analyst sentiment, Lumentum faces financial challenges, including declining revenue and profitability issues.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 9:01 pm

HTZ

Hertz Global Holdings (NASDAQ:HTZ) has received mixed analyst evaluations over the past three months, with ratings ranging from indifferent to somewhat bearish. The average 12-month price target has decreased by 24.96% to $4.75. Analysts from Barclays, Morgan Stanley, Susquehanna, and JP Morgan have adjusted their ratings and price targets, reflecting challenges in Hertz's financial performance, including declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 9:01 pm