Streetbeat News

Revenues

PHG

Philips shares declined after the company reported Q3 earnings and sales below expectations and revised its 2024 outlook due to weak demand in China.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:53 am

ESLT

Elbit Systems Ltd. (NASDAQ:ESLT) has secured a $200 million contract from the Israeli Ministry of Defense for high-power laser systems for the 'Iron Beam' air defense system. This news has led to a 5.46% increase in ESLT's stock price. The company recently reported strong Q2 earnings and has a significant order backlog.

Portfolio Pulse from Lekha Gupta

October 28, 2024 | 10:50 am

BOH

Bank of Hawaii reported its Q3 2024 financial results, with GAAP EPS of $0.93 surpassing the estimated $0.84, and sales of $162.728 million exceeding the forecasted $161.353 million.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:46 am

PSQH

PublicSquare (NYSE:PSQH) has launched a new payments platform and secured a $5.35M investment to drive growth. The company aims to reach $1B in GMV by the holiday season and has implemented a strategic plan to streamline operations, including a 35% staff reduction. The investment was made through a PIPE transaction, with shares purchased at a slight premium to the average closing price.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:35 am

CNP

CenterPoint Energy reported Q3 2024 earnings of $0.31 per share, missing the $0.32 estimate, and sales of $1.856 billion, below the $1.933 billion estimate. Both figures represent declines from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:28 am

LGO

Largo Inc. has extended the life of its Maracás Menchen mine to 2054, significantly increasing vanadium and titanium reserves by 67%. The updated Life of Mine Plan and Pre-Feasibility Study reveal strong project economics with a post-tax NPV of $1.1 billion and a post-tax cash flow of $3.8 billion. The report highlights robust production scenarios and future growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:02 am

TSLA

Tesla's stock surged after strong Q3 earnings, with CEO Elon Musk likening the stock market to a 'rollercoaster' and quoting Warren Buffett. Tesla beat earnings expectations and forecasted significant vehicle sales growth, boosting investor confidence.

Portfolio Pulse from Anan Ashraf

October 28, 2024 | 9:51 am

AAPL

AMZN

Mark Cuban warns that proposed tariffs by Donald Trump could increase holiday shopping costs, impacting local businesses and major retailers like Apple and Amazon. These tariffs could affect the typical 'Santa Claus Rally' in financial markets.

Portfolio Pulse from Benzinga Neuro

October 28, 2024 | 9:42 am

NDEKY

Nitto Denko reported a 40% decrease in Q2 EPS to $0.42, despite a 9.78% increase in sales to $1.83 billion compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:33 am

ESLT

Elbit Systems Ltd. has secured a $200 million contract from the Israeli Ministry of Defense to supply high-power laser systems for the 'Iron Beam' air defense system, including ongoing support services.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:46 am