Streetbeat News

Revenues

SEB

Seaboard (AMEX:SEB) reported a significant decline in Q3 earnings, with a loss of $(153.44) per share compared to a profit of $108.55 per share last year. Sales also decreased by 7.12% to $2.22 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:50 pm

KAI

Kadant has revised its Q4 2024 revenue guidance to $252M-$260M, below the $263.09M estimate, and adjusted EPS to $1.90-$2.10, below the $2.31 estimate. The company has also updated its full-year 2024 guidance, slightly narrowing revenue expectations and raising adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:48 pm

KAI

Kadant has narrowed its FY24 revenue guidance to $1.047B-$1.055B and adjusted EPS to $9.93-$10.13, slightly above estimates. The company expects strong demand for capital equipment despite challenges in Europe and Asia.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:48 pm

ALHC

Alignment Healthcare reported Q3 earnings per share of $(0.14), meeting analyst expectations, and sales of $692.43 million, surpassing estimates by 4.58%. This marks a significant improvement from the previous year, with a 26.32% reduction in losses and a 51.61% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:47 pm

RDDT

Reddit, Inc. (NYSE:RDDT) reported strong Q3 results, beating earnings and revenue estimates. The company saw a significant increase in daily active users and improved profitability metrics. Reddit's Q4 guidance also surpassed expectations, leading to a 17.45% increase in its stock price after-hours.

Portfolio Pulse from Erica Kollmann

October 29, 2024 | 8:47 pm

SPY

US consumer confidence surged in October, with the Consumer Confidence Index rising to 108.7, the highest since March 2021. This boost was driven by improved views on business conditions and job availability. Despite mixed signals on inflation and interest rates, optimism about the stock market increased, with 51.4% of consumers expecting stock prices to rise. The SPDR S&P 500 ETF Trust (SPY) closed 0.2% higher, nearing record highs.

Portfolio Pulse from Piero Cingari

October 29, 2024 | 8:46 pm

PRO

Pros Holdings has adjusted its FY2024 sales guidance slightly, narrowing the range from $329.00M-331.00M to $329.50M-330.50M.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:45 pm

MTH

Meritage Homes projects its Q4 home closing revenue to be between $1.50 billion and $1.59 billion, with an EPS range of $4.10 to $4.60 and a home closing volume of 3,750 to 3,950 units.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:45 pm

ILPT

Industrial Logistics (NASDAQ:ILPT) reported Q3 2024 earnings per share of $0.12, meeting analyst expectations. However, the company's sales of $108.945 million fell short of the $110.297 million estimate, marking a 1.09% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:45 pm

ALSN

Allison Transmission reported Q3 earnings per share of $2.27, surpassing the analyst estimate of $2.01, and sales of $824 million, exceeding the $787.77 million estimate. This marks a significant year-over-year increase in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:45 pm