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Revenues

LNZA

LanzaTech Global, Inc. (NASDAQ:LNZA) has received a $3 million grant from the U.S. Department of Energy to support its project focused on converting waste carbon dioxide into valuable chemicals. This funding is part of a larger $29 million initiative by the DOE to advance carbon management technologies.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:02 am

SYF

Synchrony Financial reported a 4% decrease in Q3 purchase volume, a 4% increase in loan receivables to $102.2 billion, and a 32 basis point decrease in net interest margin to 15.04%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:01 am

PSN

Parsons Corporation has secured two contracts worth $25 million for design engineering services for a Middle East transportation customer. Over the last nine months, Parsons has won more than $90 million in contracts with the same customer.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:01 am

SYF

Synchrony Financial reported Q3 2024 earnings per share of $1.94, surpassing the analyst estimate of $1.81. The company's sales reached $4.609 billion, exceeding the expected $4.491 billion and marking a 5.66% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:00 am

SPOT

Spotify has doubled its audiobook catalog to 300,000 titles, expanding its service to non-English markets and increasing its user base. Despite a 20% revenue increase, Spotify's earnings fell short of analyst expectations. Elon Musk praised Spotify's growth in the audiobook sector.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 9:56 am

BA

RYAAY

Ryanair's CEO announced that the company will need to revise down its traffic figures for next year due to anticipated delays in Boeing aircraft deliveries.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:19 am

AIQ

ASML

NVDA

ASML's lower-than-expected bookings and guidance cut led to a drop in AI-related stocks, but Gene Munster believes this is an overreaction. ASML's AI-related revenue is limited, and the weakness is due to other factors. Despite this, the AI trade remains strong, with significant growth expected in AI infrastructure spending.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 8:57 am

DLPN

Dolphin Entertainment is entering the women's sports market, projecting its fiscal year 2024 revenue to exceed $50 million, marking a 20% year-over-year increase. The company also anticipates positive adjusted operating income.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:05 am

AAPL

Morgan Stanley's analyst Erik Woodring predicts Apple will beat revenue expectations for the September quarter, despite shorter iPhone lead times. The iPhone 16's lead times are stable, and supply chain improvements are noted. Apple is expected to ship 56 million iPhones, surpassing estimates.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 7:23 am

STLA

Stellantis reported a 20% year-over-year decline in Q3 2024 shipments due to dealer inventory cuts and product portfolio transitions. The decline in shipments was more severe than the 15% sales decline.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:56 am