Streetbeat News

Revenues

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

LI

Li Auto Inc. reported a 27.3% year-over-year increase in vehicle deliveries for October 2024, reaching 51,443 units. The company achieved over one million cumulative deliveries, marking a significant milestone as the first Chinese premium automotive brand to do so. Li Auto also introduced a new autonomous driving architecture and expanded its retail and service network.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:34 am

XPEV

XPeng Inc. reported a record delivery of 23,917 Smart EVs in October 2024, marking a 20% year-over-year increase. The company also showcased its AI-powered ADAS technology and announced new features for the XPENG P7+.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:32 am

AMZN

NVDA

Amazon CEO Andy Jassy emphasized the company's commitment to developing in-house silicon, despite a strong partnership with Nvidia. Amazon's custom silicon, Trainium and Inferentia, aims to offer better price performance for AI workloads. AWS continues to grow, with a 19.1% year-over-year increase, and maintains strong partnerships, including with Nvidia. Amazon's Q3 net sales and earnings exceeded expectations, leading to a 6.07% surge in after-hours trading.

Portfolio Pulse from Ananya Gairola

November 01, 2024 | 8:13 am

LVRO

Lavoro (NASDAQ:LVRO) reported fiscal year sales of $1.888 billion, surpassing the analyst estimate of $1.793 billion. However, the company experienced a net loss of $154.6 million, a significant increase from the previous year's loss of $43.7 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:51 am

CAH

CVX

META

MSFT

XOM

The S&P 500 and Nasdaq experienced significant declines, with Meta and Microsoft shares tumbling after reporting financial results. The CNN Money Fear and Greed index moved to the 'Fear' zone, indicating a decline in market sentiment. Investors are awaiting earnings from Chevron, Exxon Mobil, and Cardinal Health.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 7:07 am

EWU

The U.K. Nationwide House Price Index (HPI) for October showed a 0.1% increase, falling short of the 0.3% estimate and down from the revised 0.6% in the previous month.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:03 am