Streetbeat News

Revenues

NVS

Novartis has raised its full-year 2024 guidance, now expecting net sales to grow in the low double-digit range and core operating income to grow in the high teens.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:25 am

QUAD

Quad Graphics has updated its 2024 financial guidance, now expecting an annual net sales decline of approximately 9%, adjusted EBITDA between $215M and $235M, and a year-end debt leverage ratio of approximately 1.5x.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:57 am

M

SIRI

WW

Sierra, an AI startup co-founded by Bret Taylor, has reached a $4.5 billion valuation after a successful funding round. This positions Sierra above established brands like Nikon and Macy's in terms of market capitalization. The company specializes in AI-powered customer service chatbots and serves clients such as WeightWatchers and SiriusXM.

Portfolio Pulse from Ananya Gairola

October 29, 2024 | 5:39 am

HSBC

HSBC Holdings reported a strong Q3 performance with adjusted earnings per share of $1.70, a 17.24% increase from last year, and sales of $17.00 billion, up 5.18% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:27 am

NWE

NorthWestern Corporation has revised its 2024 non-GAAP EPS guidance to $3.32-$3.47 from $3.42-$3.62 due to a delay in the Montana interim rate decision. The midpoint of the revised guidance is $3.40, a 4% increase from 2023's EPS of $3.27. The company maintains its long-term EPS growth guidance of 4%-6% and expects no equity issuances under its current capital investment program.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:01 am

AAPL

Apple Inc. is predicted to be the first company to reach a $4 trillion market cap, driven by strong iPhone sales and AI integration, according to analyst Dan Ives. The integration of AI is expected to boost Apple's Services revenue significantly.

Portfolio Pulse from Kaustubh Bagalkote

October 29, 2024 | 3:49 am

JNJ

MYCOF

PFE

The global psychedelic drugs market is projected to grow from $4.88 billion in 2023 to $10.2 billion by 2028, driven by increased mental health awareness and regulatory changes. Companies like Pfizer, Johnson & Johnson, and Mydecine Innovations Group are advancing in this sector.

Portfolio Pulse from Juan Spínelli

October 28, 2024 | 10:39 pm

PLOW

Douglas Dynamics has revised its FY2024 financial guidance, narrowing its adjusted EPS range and lowering its sales outlook. The new EPS guidance is $1.20-1.60, down from $1.20-1.70, and the sales forecast is now $570M-$600M, reduced from $600M-$640M.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:10 pm

PLOW

Douglas Dynamics reported Q3 2024 earnings per share of $0.24, beating estimates of $0.21, but sales of $129.398M missed the $141.200M estimate. EPS decreased by 4% from last year, and sales decreased by 10.22% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:07 pm

AVGO

Broadcom (NASDAQ:AVGO) has significantly outperformed the market over the past 15 years, with an average annual return of 37.5%. A $100 investment in AVGO 15 years ago would now be worth $11,568.26. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 9:30 pm