Streetbeat News

Revenues

LNZA

LanzaTech Global shares rise following a $3 million contract award from the U.S. Department of Energy to support carbon management initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:52 am

OFG

OFG Bancorp reported Q3 earnings of $1.00 per share, missing the $1.02 estimate, and sales of $147.80M, below the $163.51M estimate. Despite missing estimates, earnings and sales increased compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:33 am

ABT

Abbott Laboratories reported its Q3 2024 financial results, with adjusted EPS of $1.21, surpassing the estimate of $1.20. The company's sales reached $10.635 billion, exceeding the expected $10.549 billion.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:31 am

GM

TSLA

Tesla dominated the US EV market in Q3 2024, with the Model Y, Model 3, and Cybertruck being the top three best-selling models. Tesla's overall sales increased by 6.6% compared to the previous year. General Motors was the second best-selling EV maker, with a significant increase in GMC's Hummer EV sales.

Portfolio Pulse from Anan Ashraf

October 16, 2024 | 11:21 am

MESA

Mesa Air Group reported a Q3 EPS loss of $(0.23), an improvement from $(0.67) YoY, with sales of $110.80M, down from $114.69M YoY.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:06 am

CRGO

Freightos Limited reported a 26% year-over-year increase in Q3 transactions and a 35% growth in gross booking value.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:05 am

GOLD

Barrick Gold reported its preliminary Q3 production and sales figures, with 943,000 ounces of gold and 48,000 tonnes of copper produced, and 967,000 ounces of gold and 42,000 tonnes of copper sold.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:02 am

EPAC

Enerpac Tool Group Corp. (NYSE:EPAC) reported lower-than-expected Q4 EPS, with shares dropping 6.85%. The company anticipates a slowdown in the industrial market for FY25, projecting net sales below consensus estimates. Despite challenges, Enerpac aims to outperform the industry with strategic growth initiatives.

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 10:54 am

USB

U.S. Bancorp reported Q3 2024 earnings per share of $1.03, surpassing the analyst estimate of $0.99. However, its sales of $6.864 billion fell short of the expected $6.895 billion, marking a 1.94% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:47 am

ASML

NVDA

U.S. markets closed lower with the Nasdaq dropping 1% due to falling chip stocks like Nvidia and ASML. The energy sector also declined as oil prices slid. Financials outperformed while healthcare disappointed. The NY Empire State Manufacturing Index dropped significantly. Most S&P 500 sectors closed lower, with technology, energy, and healthcare leading losses.

Portfolio Pulse from Akanksha Bakshi

October 16, 2024 | 10:45 am