Streetbeat News

Revenues

ADDYY

Adidas reported a significant increase in Q3 earnings per share (EPS) to EUR 2.44 from EUR 1.40 year-over-year, with revenues growing by 7% to EUR 6.438 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:04 am

SWK

Stanley Black & Decker reported Q3 2024 earnings per share of $1.22, surpassing the analyst estimate of $1.05. However, their sales of $3.751 billion fell short of the expected $3.804 billion, marking a 5.13% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:03 am

SPY

President Biden has announced a $3 billion investment to enhance port infrastructure, aiming to create jobs, improve air quality, and boost economic growth. This initiative is part of a broader effort to modernize transportation and logistics in the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:06 am

MSFT

OpenAI's CFO Sarah Friar revealed that 75% of the company's revenue comes from consumer subscriptions to ChatGPT. The company plans to double the price of ChatGPT over the next five years. OpenAI has reached 1 million paid users for its corporate ChatGPT versions and recently closed a $6.6 billion fundraising round.

Portfolio Pulse from Ananya Gairola

October 29, 2024 | 8:59 am

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