Streetbeat News

Revenues

SEOAY

Stora Enso expects its 2024 adjusted EBIT to be significantly higher than 2023's EUR 342 million, despite anticipating a slowdown in market recovery and challenges such as weak demand and high costs.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:29 am

SEOAY

Stora Enso reported a significant improvement in its Q3 earnings, with EPS rising to $0.11 from a loss of $(0.05) YoY, and sales increasing to $2.48 billion from $2.31 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:22 am

PHAR

Pharming Group reaffirms its 2024 revenue guidance of $280M-$295M, indicating 14% to 20% growth. The company plans to increase revenues through patient conversion to Joenja® therapy, expand leniolisib's market presence, and pursue regulatory approvals globally. They are also exploring acquisitions in rare diseases.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 5:42 am

NHYDY

Norsk Hydro reported Q3 2024 earnings per share of $0.14, meeting analyst expectations. However, the company's sales of $4.770 billion fell short of the $5.164 billion estimate, despite a 11.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 5:35 am

EQNR

Equinor plans to increase its renewable power generation by 50% year-over-year in 2024, with a projected capital expenditure of $12 billion to $13 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 5:10 am

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for October has decreased to 49.3 from 53.1 in the previous month, indicating a contraction in the services sector.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:23 am

TSLA

Elon Musk highlighted Tesla's consistent revenue growth over the years, with Q3 2024 revenue reaching $25.2 billion. Despite a slight miss on revenue expectations, Tesla reported an 8% year-over-year increase. Analyst Dan Ives remains optimistic about Tesla's delivery figures.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 12:30 am

LMT

Lockheed Martin reported mixed Q3 results, missing revenue estimates but beating on earnings. The Missiles and Fire Control segment showed strong growth, and free cash flow exceeded expectations. However, a conservative growth outlook led to a slight stock decline. RBC Capital Markets maintained an Outperform rating but lowered the price target.

Portfolio Pulse from Erica Kollmann

October 23, 2024 | 10:51 pm

RBBN

Ribbon Communications (NASDAQ:RBBN) has revised its FY2024 sales guidance downward from $830-850 million to $818-838 million, with the estimated consensus at $834.696 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 10:36 pm

HLX

Helix Energy Solutions Group has adjusted its FY2024 sales guidance to a narrower range of $1.30 billion to $1.36 billion, compared to the previous range of $1.25 billion to $1.40 billion. The estimated sales are $1.346 billion.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 10:13 pm