Streetbeat News

Revenues

BEP

Brookfield Renewable reported Q3 FFO of $0.38, unchanged from the same period last year. The company's revenues were $1.179 billion, beating estimates of $987 million.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:20 am

LOVE

Lovesac has projected its FY24 revenue to be between $710M and $730M, which is in line with the estimated $712.15M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:06 am

BBU

Brookfield Business Partners reported its Q3 revenues of $14.399 billion.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:48 am

QSR

Restaurant Brands International reported Q3 total revenues of $1.837B, which is lower than the estimated $1.874B.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:32 am

AAPL

PLTR

Apple Inc. (NASDAQ:AAPL) is facing challenges in China due to a bleak revenue outlook, intensifying competition from Huawei, and political tensions between the US and China. Despite these challenges, CEO Tim Cook remains optimistic about the iPhone's demand in China. Meanwhile, Joe Lonsdale, co-founder of Palantir Technologies Inc. (NYSE:PLTR), suggested that Apple should consider moving its iPhone supply chain out of China due to potential risks and challenges.

Portfolio Pulse from Ananya Gairola

November 03, 2023 | 10:02 am

VGK

The unemployment rate in the Eurozone for September was reported at 6.5%, slightly higher than the estimated 6.4% and the prior rate of 6.4%.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:00 am

BHP

FLR

Fluor Corporation has been selected by BHP Canada to develop stage 2 of its multibillion-dollar Jansen Potash Project in Saskatchewan, Canada. The company expects an undisclosed reimbursable contract value in Q4.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:00 am

SBUX

Starbucks Corporation's new CEO, Laxman Narasimhan, has unveiled a long-term strategic plan called the 'Triple-Shot Reinvention Strategy'. The strategy focuses on enhancing the store experience, expanding digital capabilities, and increasing global outreach. The company expects this strategy to lead to a long-term revenue growth of 10% or more and an earnings per share growth of 15% or more. Starbucks also plans to operate 55,000 stores by 2030, a 45% increase from its current 38,000 stores.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 9:34 am

AAPL

BILL

COIN

FOXF

FTNT

Several US stocks traded lower in Friday's pre-market session. BILL Holdings Inc shares tumbled 33.6% after the company reported Q1 results and lowered its FY24 revenue outlook. Fortinet Inc shares declined 24% after reporting mixed Q3 results and issuing FY23 revenue guidance below estimates. Fox Factory Holding Corp shares dipped 17.1% after reporting downbeat Q3 results and a weak Q4 forecast. Other companies that saw a decline in shares include reAlpha Tech Corp, Lumen Technologies Inc, Opendoor Technologies Inc, Alpine Immune Sciences Inc, Zscaler Inc, Palo Alto Networks Inc, Apple Inc, and Coinbase Global Inc.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 9:20 am

ARBK

Argo Blockchain reported that it mined 143 Bitcoin or Bitcoin equivalents in October, marking a 2% increase in daily BTC production from the previous month. The company's October mining revenue amounted to $4.26 million, a 19% increase compared to the prior month.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:42 am