Streetbeat News

Revenues

VSEC

VSE Corporation reports preliminary Q3 2024 revenue between $268M and $275M, surpassing estimates of $265.91M. The Aviation segment is expected to exceed full-year revenue expectations, while the Fleet segment may see a year-over-year decline. Positive free cash flow is anticipated for Q3, with an increase in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:05 pm

DRS

Leonardo DRS, Inc. has been awarded a contract worth over $77 million by General Dynamics Land Systems to provide mission equipment packages for the SGT Stout Maneuver Short-Range Air Defense platforms. This contract involves assembly, integration, and testing of the equipment.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:04 pm

OMC

Omnicom Group reported Q3 2024 earnings per share of $2.03, surpassing the analyst estimate of $2.02. The company's sales reached $3.882 billion, exceeding the expected $3.796 billion and marking an 8.49% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:03 pm

FCX

Freeport-McMoRan (NYSE:FCX) has been evaluated by 10 analysts over the past three months, with opinions ranging from bullish to bearish. The average 12-month price target is $55.1, slightly down from $56. Analysts have adjusted their ratings and price targets in response to market conditions. Freeport-McMoRan has shown strong financial performance with a 15.46% revenue growth rate and a net margin of 9.3%, but faces challenges with a high debt-to-equity ratio and low ROA.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:02 pm

UAL

United Airlines Holdings reported its Q3 2024 financial results, with an adjusted EPS of $3.33, surpassing the estimated $3.13. The company's sales also exceeded expectations, reaching $14.843 billion compared to the forecasted $14.783 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:01 pm

MANH

Manhattan Associates (NASDAQ:MANH) has significantly outperformed the market over the past decade, with an average annual return of 24.12%. A $1000 investment in MANH 10 years ago would now be worth $8,819.56, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:00 pm

GPK

Graphic Packaging Holding (NYSE:GPK) has significantly outperformed the market over the past 15 years, with an average annual return of 17.6%. A $1000 investment in GPK 15 years ago would now be worth $10,750, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:00 pm

AMD

INTC

NVDA

Intel and AMD have formed an x86 ecosystem advisory group to enhance the x86 architecture's capabilities, addressing modern computing demands. This collaboration includes industry leaders like Broadcom, Google Cloud, Dell, and Microsoft. Despite this, AMD faces competition from Nvidia and Intel in the AI and data center markets.

Portfolio Pulse from Michael Cohen

October 15, 2024 | 7:59 pm

TSM

Shares of Taiwan Semiconductor Manufacturing Company (TSMC) fell 2.74% due to ASML's soft guidance and potential US export curbs. ASML's revised revenue forecast has raised concerns about a slowdown in the semiconductor market, impacting TSMC's growth and expansion plans.

Portfolio Pulse from Henry Khederian

October 15, 2024 | 7:45 pm

XOM

Exxon Mobil Corp (XOM) shares fell 2.68% as oil prices dropped over 5% following Israel's assurance to the US that it won't target Iran's oil infrastructure. This decline in crude prices impacts ExxonMobil's profitability, particularly in upstream operations, and signals broader pressure on the energy market.

Portfolio Pulse from Henry Khederian

October 15, 2024 | 7:41 pm