Streetbeat News

Revenues

FINV

FinVolution Group's Indonesian financial application, AdaKami, has secured a $32 million funding facility from PT Super Bank Indonesia. This strategic partnership highlights AdaKami's successful transition to serving better-quality borrowers and strengthens its position in the Indonesian market.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:33 am

TSLA

S&P Global Mobility forecasts a significant 11% year-over-year growth in U.S. light vehicle sales for October, with EVs expected to surpass 9% market share. Tesla aims to boost its annual vehicle delivery volume, needing to deliver over 514,926 vehicles in the last quarter to surpass last year's figures.

Portfolio Pulse from Anan Ashraf

October 29, 2024 | 8:12 am

PSO

Pearson reported a 5% growth in Q3 underlying group sales, excluding OPM and strategic review businesses, and is on track to meet full-year expectations. The company is advancing its 2024 strategic priorities, including a new deal with ServiceNow and expanding AI in its products.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:08 am

BP

BP expects slightly higher upstream production in 2024 compared to 2023, with divestments exceeding $3 billion. Growth is anticipated in convenience and Castrol, while refining margins are expected to be lower. BP completed acquisitions of BP Bunge Bioenergia and Lightsource BP.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 7:36 am

BP

BP anticipates a decrease in upstream production and customer business volumes in Q4 2024 compared to Q3 2024. Fuels and refining margins are expected to remain sensitive to supply costs.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 7:27 am

QQQ

SPY

Temasek warns that a potential Trump re-election could slow global growth, impacting U.S. companies and financial markets. Concerns include a stronger dollar, higher rates, and increased uncertainty due to tariffs. Temasek plans to invest $30 billion in the U.S. over five years.

Portfolio Pulse from Navdeep Yadav

October 29, 2024 | 7:21 am

BP

BP reported Q3 2024 earnings per share of $0.83, beating estimates of $0.76, but sales of $47.254 billion missed the $52.557 billion estimate. EPS decreased by 27.83% from last year, and sales decreased by 11.29%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 7:19 am

KMTUF

KMTUY

Komatsu reported its H1 sales increased to JPY 1,968.1 billion from JPY 1,822.9 billion year-over-year, while net income slightly decreased to JPY 201.7 billion from JPY 205.5 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:35 am

NVS

Novartis has raised its full-year 2024 guidance, now expecting net sales to grow in the low double-digit range and core operating income to grow in the high teens.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:25 am

QUAD

Quad Graphics has updated its 2024 financial guidance, now expecting an annual net sales decline of approximately 9%, adjusted EBITDA between $215M and $235M, and a year-end debt leverage ratio of approximately 1.5x.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:57 am