Streetbeat News

Revenues

META

MSFT

QQQ

SPY

Investors are reacting negatively to strong earnings from Microsoft and Meta due to high expectations and concerns over spending and growth. Microsoft's Azure growth, although above consensus, is expected to slow, and Meta's capital expenditure is seen as high. Inflation data shows hotter-than-expected core PCE, indicating strong consumer spending. Money flows are negative for several major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 31, 2024 | 4:56 pm

IDXX

Idexx Laboratories reported a Q3 adjusted EPS of $2.79, beating expectations, but missed revenue estimates with $975.54 million. The company adjusted its full-year revenue guidance downwards due to slower growth from fewer veterinary visits. Despite short-term challenges, long-term growth is expected from increased pet ownership.

Portfolio Pulse from Vandana Singh

October 31, 2024 | 4:55 pm

MA

Mastercard reported strong Q3 earnings with revenue and EPS beating analyst estimates. The company saw significant growth in cross-border transactions and value-added services. Mastercard's stock has gained 35% over the past year, but is currently down 2.21%.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 4:49 pm

ABEV

Ambev's Q3 sales missed expectations, leading to a dip in shares. The company reported earnings per share in line with expectations, but sales fell short. Volume growth was stagnant, with declines in some regions. Increased costs also impacted results.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 4:38 pm

SWI

SolarWinds Corp (NYSE:SWI) reported strong Q3 earnings with a 6% revenue growth, beating analyst estimates. Subscription revenue surged, while maintenance and license revenues declined. The company raised its full-year forecast, leading to a stock price increase.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 4:31 pm

XOM

Exxon Mobil is set to release its Q3 earnings, with expectations of strong performance due to rising production and cost-cutting measures. The company has shown financial resilience, with significant production growth and strategic investments. Shareholder returns remain a focus, with substantial dividends and share repurchases planned.

Portfolio Pulse from Henry Khederian

October 31, 2024 | 4:28 pm

GEL

Genesis Energy shares declined following the announcement of a year-over-year decrease in Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:25 pm

SPY

USO

The U.S. Energy Information Administration (EIA) reported that U.S. oil production increased by 1.5% in August compared to July, reaching a record monthly high of 13.4 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:14 pm

ACHC

Acadia Healthcare's shares declined following disappointing Q3 revenue results and lower-than-expected FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:00 pm

IAS

Integral Ad Science (IAS) is increasing the prices of its brand safety and ad verification solutions for advertisers. The price changes will take effect on November 1, and clients using Yahoo's demand-side platform have been notified.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:41 pm