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Revenues

MKSI

MKS Instruments, Inc. (NASDAQ:MKSI) has begun construction on a new 500,000 sq. ft. semiconductor super center in Penang, Malaysia. The facility aims to support global semiconductor equipment needs and will create approximately 1,000 jobs. The first phase is expected to be completed by the first half of 2026.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:01 am

BCS

Barclays' 2024 outlook projects a Return on Tangible Equity (RoTE) of over 10%, with net interest income (NII) excluding investment banking and head office expected to exceed £11 billion. The bank anticipates a cost-to-income ratio of around 63% and plans for efficiency savings. The capital CET1 ratio is expected to remain within 13-14%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:51 am

AAPL

Apple is expanding its retail presence in India by hiring 400 new employees for upcoming stores in Bengaluru, Pune, Delhi-NCR, and Mumbai. This move follows the success of its existing stores in Mumbai and Delhi, which have generated significant revenue.

Portfolio Pulse from Ananthu C U

October 24, 2024 | 7:41 am

BCS

Barclays reported Q3 2024 earnings per share of $0.56, missing the analyst consensus estimate of $0.71 by 21.13%. However, sales increased by 7.45% year-over-year to $8.513 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:37 am

EWG

The Germany Services Purchasing Managers Index (PMI) for October came in at 51.4, surpassing the estimated 50.6 and matching the prior month's figure of 50.6. This indicates a slight expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:33 am

EWG

The Germany Manufacturing Purchasing Managers Index (PMI) for October was reported at 42.6, surpassing the estimated 40.7 and the prior month's 40.6. This indicates a slight improvement in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:33 am

EWQ

The France Services Purchasing Managers Index (PMI) for October was reported at 48.3, below the estimated 49.8 and the prior 49.6. This indicates a contraction in the French services sector.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:33 am

KO

PEP

Coca-Cola and PepsiCo are considering launching budget drinks in India to counter competition from Reliance's Campa brand. The strategy involves offering products priced 15%-20% lower than their mainstream offerings to protect their market share and margins.

Portfolio Pulse from Arpit Nayak

October 24, 2024 | 7:31 am

SMMT

Bob Duggan, chairman and co-CEO of Summit Therapeutics Inc. (NASDAQ:SMMT), purchased a $33 million Miami penthouse following a 689% stock surge. The stock rise was driven by Summit's experimental cancer drug and a $235 million capital raise. Duggan's wealth has increased significantly, now at $14.9 billion.

Portfolio Pulse from Pooja Rajkumari

October 24, 2024 | 7:13 am

NVDA

SK Hynix, a key supplier to Nvidia, reported record-breaking quarterly profits driven by AI demand, with a 7% revenue increase. The company expects continued growth in AI memory demand and plans to enhance its NAND operations.

Portfolio Pulse from Kaustubh Bagalkote

October 24, 2024 | 7:12 am