Streetbeat News

Revenues

SPY

The US GDP for Q3 grew by 2.8% quarter-over-quarter, which is slightly below the estimated growth of 3%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:30 pm

IMKTA

Ingles Markets shares are trading higher following updates on the financial impact of inventory and property losses from Hurricane Helene.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:27 pm

TXG

10x Genomics shares declined after the company reported mixed Q3 financial results and lowered its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:26 pm

OMCL

Omnicell shares rise as the company reports better-than-expected Q3 results and raises FY24 and Q4 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:22 pm

ATRC

Atricure shares rose following strong Q3 results and positive FY24 revenue guidance. Needham maintained a Buy rating and increased the price target from $34 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:18 pm

HESM

Hess Midstream reported Q3 2024 earnings of $0.63 per share, surpassing the consensus estimate of $0.61. Sales reached $378.5 million, also beating the estimate of $376.983 million. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:17 pm

SPY

The ADP Nonfarm Employment Change for October reported an increase of 233,000 jobs, significantly surpassing the estimated 110,000. This indicates a stronger-than-expected job market.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:15 pm

GOOG

GOOGL

RDDT

Reddit Inc. (NYSE:RDDT) saw a 21.56% surge in pre-market trading after reporting better-than-expected Q3 financial results. The company reported earnings of 16 cents per share and revenue of $348.4 million, surpassing analyst expectations. Most revenue came from advertising, with additional income from data licensing deals with Alphabet Inc. and OpenAI.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 12:15 pm

FLEX

Flex has revised its FY25 revenue outlook to $24.9B-$25.5B from $25.4B-$26.4B, which is below the $25.78B estimate. Adjusted EPS is now expected to be $2.39-$2.51, slightly above the $2.41 estimate.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:13 pm

GTES

Gates Industrial Corp (NYSE:GTES) has raised its FY2024 adjusted EPS guidance to $1.33-1.37, surpassing the analyst estimate of $1.31. The company also narrowed its FY2024 sales outlook to $3.44 billion-$3.47 billion, slightly above the $3.41 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:11 pm