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Revenues

MIELF

MIELY

Mitsubishi Electric has reaffirmed its 2025 forecast with revenue expected at ¥5,390 billion and operating profit at ¥400 billion. The company plans to implement initiatives to achieve these targets, including adjusting product prices to counter rising procurement costs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:43 am

MIELF

MIELY

Mitsubishi Electric reported a year-over-year increase in revenue and operating profit for the first half of fiscal year 2025. Revenue rose to ¥2,643.5 billion from ¥2,538.4 billion, and operating profit increased to ¥176.6 billion from ¥135.8 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:23 am

STLA

Stellantis reported a significant drop in Q3 net revenue to €33 billion from €45.1 billion year-over-year, with shipments down 21%. The decline is attributed to lower shipments, unfavorable mix, pricing, and foreign exchange impacts. Despite these challenges, Stellantis maintains its 2024 financial guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:19 am

SHEL

Shell (NYSE:SHEL) reported Q3 2024 earnings of $1.92 per share, surpassing the $1.66 estimate, and sales of $71.089 billion, exceeding the $61.343 billion estimate. Despite beating estimates, sales decreased by 6.89% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:10 am

ASX

ASE Tech Holding Co reported Q3 2024 earnings per share of $0.13, missing the analyst estimate of $0.15. Sales were $4.960 billion, below the expected $5.146 billion. Despite the miss, earnings increased by 5.51% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:00 am

TAK

Takeda has raised its FY2024 outlook, expecting higher revenue and core EPS due to milder generic erosion of VYVANSE and strong business momentum. The company now forecasts revenue of ¥4.48 trillion and core EPS of ¥456, with adjusted free cash flow between ¥400 billion and ¥500 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:50 am

BUD

Anheuser-Busch InBev has raised its 2024 EBITDA growth outlook to 6%-8% from the previous 4%-8% and expects capital expenditure to be between $4B-$4.5B. The company also provided guidance on net finance costs, effective tax rates, and net capital expenditure for FY24.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:42 am

BUD

Anheuser-Busch InBev reported a 2.4% decline in total volumes for Q3 2024, with a 3.1% decrease in own beer volumes and a 0.6% increase in non-beer volumes. For the first nine months of 2024, total volumes declined by 1.3%, with own beer volumes down by 1.9% and non-beer volumes up by 2.5%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:38 am

STM

STMicroelectronics has provided its fiscal 2024 revenue outlook, expecting $13.27 billion, slightly below the consensus of $13.366 billion. The company also anticipates a slightly lower gross margin year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:34 am

STM

STMicroelectronics has provided guidance for Q4 2024, expecting net revenues of $3.32 billion, slightly below the consensus of $3.396 billion. The company anticipates a gross margin of 38%, with a potential variance of 200 basis points.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:28 am