Streetbeat News

Revenues

IT

Gartner, Inc. (NYSE:IT) reported Q3 FY23 revenue growth of 5.8% YoY to $1.409 billion, beating the consensus of $1.390 billion. Revenues from Research rose 6.2% YoY to $1.22 billion, while Consulting revenue grew 24.1% YoY to $133 million. The company raised its FY23 revenue guidance to at least $5.89 billion, up from the previous estimate of $5.85 billion. Gartner's shares traded higher by 15.22% at $388.98 on the last check Friday.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 3:24 pm

TSLA

Tesla Inc's stock is up 1.35% to $221.45, driven by the Federal Reserve's decision to keep interest rates unchanged. Lower interest rates can result in a lower discount rate in a discounted cash flow (DCF) analysis, making future cash flows worth more in today's dollars. This can increase the stock's intrinsic value and share price. Lower interest rates can also increase consumer spending, potentially driving up sales and revenue for Tesla.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 3:05 pm

RCL

Royal Caribbean Group has removed Israel from its 2024 itineraries, according to an email sent to travel agents. The news could potentially impact the company's revenues and stock price.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 3:02 pm

SPY

Federal Reserve's Barkin has stated that middle-income consumers are reducing their spending, while high-end consumers are not. He also mentioned that the consumer economy is likely in a normal place and expressed satisfaction with recent productivity data.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:26 pm

SPT

Sprout Social reported better-than-expected Q3 financial results and issued Q4 revenue and FY23 EPS and revenue guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:23 pm

RPID

Rapid Micro Biosystems has reaffirmed its FY23 revenue guidance of at least $22M, which is slightly below the estimated $22.26M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:39 pm

AAPL

AMZN

MSFT

SBUX

Starbucks Corporation has announced a strategy to focus on growing profits, which includes technology partnerships with Microsoft, Apple, and Amazon. The company plans to double hourly income in the U.S. by FY25, expand stores to 55,000 globally by 2030, and double its global Starbucks Rewards Members from 75 million within five years. Starbucks also expects FY24 revenue growth at the lower end of the 10% - 12% forecast and global comparable sales growth to be 5% - 7%.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 12:33 pm

IRMD

IRADIMED has updated its FY23 revenue forecast to a range of $65.0M-$65.5M, which is higher than the consensus estimate of $64.77M and its previous range of $64.5M-$65.5M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:08 pm

IRMD

IRADIMED has projected its Q4 FY23 revenue to be between $16.9M and $17.4M, which is in line with the consensus estimate of $17.01M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:04 pm

IEP

Icahn Enterprises reported Q3 2023 revenue of $3B, surpassing the estimated $2.712B.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:03 pm