Streetbeat News

Revenues

PCAR

PACCAR Inc. reported Q3 earnings that beat estimates, with EPS of $1.85 and sales of $7.70 billion. Despite this, shares dipped due to lower truck deliveries compared to last year. The company plans significant investments in capital projects and R&D in 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2024 | 2:46 pm

WSO

Watsco (NYSE:WSO) has significantly outperformed the market over the past 5 years, with an annualized return of 22.64%. A $100 investment in WSO 5 years ago would now be worth $276.46, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:33 pm

ASPN

Aspen Aerogels (NYSE:ASPN) has significantly outperformed the market over the past 5 years, with an annualized return of 27.47%. A $1000 investment in ASPN 5 years ago would now be worth $3,343.19, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:33 pm

HRI

Herc Holdings Inc. (NYSE:HRI) reported Q3 earnings with adjusted EPS of $4.35, missing estimates, but revenues of $965 million exceeded forecasts. The company saw a 6% revenue increase, a 13% rise in equipment rental revenue, and an 8% net income growth. Herc raised its equipment rental revenue growth outlook and reaffirmed its full-year adjusted EBITDA guidance.

Portfolio Pulse from Vaishali Prayag

October 22, 2024 | 2:31 pm

LOGI

Logitech reported a strong Q2 with high-quality growth, innovation, and progress in its B2B segment. Despite weak growth in pointing devices, the company gained market share and expects demand to rebound. Logitech is optimistic about consumer resilience in the upcoming pre-Christmas quarter.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:30 pm

LOGI

Logitech's CEO anticipates a low single-digit growth in the computer peripherals market for the October-December quarter. The European market is expected to remain flat, while there is higher consumer demand in China. Logitech is investing in R&D and marketing to expand its business in China.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:30 pm

CORZ

Core Scientific Inc (NASDAQ:CORZ) shares are trading higher after CoreWeave exercised the final option of a hosting contract, adding $2 billion in projected revenue. This positions Core Scientific to provide 500 MW of IT load for HPC infrastructure by 2026.

Portfolio Pulse from Adam Eckert

October 22, 2024 | 2:19 pm

PII

Polaris Inc. (NYSE:PII) reported disappointing Q3 results, missing earnings and sales estimates, leading to a 5.16% drop in stock price. The company revised its 2024 outlook downward, expecting a 20% sales decline and a 65% drop in EPS compared to 2023.

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2024 | 2:09 pm

GPC

Genuine Parts Co (NYSE:GPC) reported mixed Q3 earnings with a significant miss on EPS and a lowered annual outlook, leading to an 18.50% drop in stock price. Sales grew slightly, but profit margins contracted due to industrial weakness and challenges in Europe.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 2:06 pm

AMZN

Amazon.com (NASDAQ:AMZN) has significantly outperformed the market over the past 20 years, with an annualized return of 26.52%. A $100 investment in AMZN 20 years ago would be worth $10,941.46 today. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:04 pm