Streetbeat News

Revenues

CWT

California Water Services Group (NYSE:CWT) reported Q3 2024 earnings per share of $1.03, missing the consensus estimate of $1.09. However, the company exceeded sales expectations with $299.563 million, a 17.49% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:03 pm

SURG

SurgePays, Inc. (NASDAQ:SURG) has opened a new sales operations facility in San Salvador, El Salvador, to support growth across its core business segments.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:57 pm

ALK

Alaska Air Group reported Q3 2024 earnings per share of $2.25, surpassing the analyst estimate of $2.17. The company's sales reached $3.072 billion, exceeding the expected $2.986 billion and marking an 8.21% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:56 pm

PTON

Peloton's Q1 revenue from Connected Fitness Products decreased by 12% year-over-year, attributed to lower hardware demand, as discussed in their conference call.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:53 pm

CMCSA

Comcast reported that its revenue from the Olympics was primarily driven by a record $1.4 billion in advertising revenue, as discussed in a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:52 pm

PTON

Peloton's CFO announced that the company is on track to achieve over $200 million in run rate cost savings by the end of fiscal 2025, with some savings being realized faster than expected.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:50 pm

OSIS

OSI Systems has secured a $6 million order for medical sensors from a healthcare original equipment manufacturer (OEM). This order highlights the company's strength in the medical technology sector.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:43 pm

MBLY

Mobileye Global's CEO reported that the company's shipment volumes in Q3 aligned with end-market demand, indicating stable performance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:42 pm

AMD

NVDA

AMD's data center AI business is experiencing significant growth, with operating income more than tripling compared to the previous year. CEO Lisa Su highlighted partnerships with major AI players and projected sales to exceed $5 billion for the year. Su emphasized AMD's progress in closing the competitive gap with Nvidia and sees a growing total addressable market for AI accelerators.

Portfolio Pulse from Erica Kollmann

October 31, 2024 | 12:39 pm

MSFT

OB

Outbrain is expanding its collaboration with Microsoft, utilizing Microsoft Azure's cloud platform and generative AI solutions to enhance its offerings for advertisers and media owners. This expansion aims to improve ad spend returns and deliver more relevant content.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:38 pm