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Revenues

PGR

Progressive Corporation reported a significant increase in net income and net premiums for September 2024 and the third quarter of 2024, with EPS reaching $0.99. The company also saw a substantial improvement in net realized gains on securities.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:30 pm

SPY

The USA NY Empire State Manufacturing Index for October reported a significant decline to -11.90, compared to the estimated 3.40 and the previous 11.50. This unexpected drop indicates a contraction in manufacturing activity, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:30 pm

PGR

Progressive Corporation (NYSE:PGR) reported a significant increase in Q3 2024 earnings per share (EPS) to $3.97 from $1.89 year-over-year, with net premiums written rising to $19.455 billion from $15.593 billion. The company's net income more than doubled to $2.333 billion, and the combined ratio improved slightly.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:30 pm

LTH

Life Time Group shares are experiencing an increase in trading value due to better-than-expected preliminary Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:21 pm

WIMI

WiMi Hologram Cloud reported a 10% increase in revenue for H1 2024, reaching $40.8 million. The company also turned a net loss into a net income of $1.7 million. Cash reserves increased significantly to $163 million.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:20 pm

MOBX

Mobix Labs Inc. (NASDAQ:MOBX) reported a significant annual revenue increase of 426% to over $6.4 million compared to fiscal 2023. The company anticipates its revenue for the quarter ending September 30, 2024, to exceed $2.9 million, driven by demand for defense application products.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:15 pm

LTH

Life Time Group Holdings, Inc. (LTH) reported preliminary Q3 revenue of $693.2 million, surpassing the estimated $673.36 million.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:08 pm

RTX

The U.S. Army has awarded the Javelin Joint Venture two production contracts worth $267 million for Lightweight Command Launch Units, supporting both U.S. Army and foreign military sales to Estonia, Latvia, and Lithuania.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:06 pm

C

CitiGroup has announced that it is on track to meet its expense and revenue targets for the year, indicating stable financial performance.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:02 pm

LMAT

Analysts have provided mixed ratings for LeMaitre Vascular (NASDAQ:LMAT) over the past three months, with a recent average price target of $95.0, marking a 14.91% increase from the previous target. The company's financial performance shows strong profitability and effective cost management, despite lagging revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 12:02 pm