Streetbeat News

Revenues

SYF

Synchrony Financial reported Q3 2024 earnings per share of $1.94, surpassing the analyst estimate of $1.81. The company's sales reached $4.609 billion, exceeding the expected $4.491 billion and marking a 5.66% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:00 am

SPOT

Spotify has doubled its audiobook catalog to 300,000 titles, expanding its service to non-English markets and increasing its user base. Despite a 20% revenue increase, Spotify's earnings fell short of analyst expectations. Elon Musk praised Spotify's growth in the audiobook sector.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 9:56 am

BA

RYAAY

Ryanair's CEO announced that the company will need to revise down its traffic figures for next year due to anticipated delays in Boeing aircraft deliveries.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:19 am

AIQ

ASML

NVDA

ASML's lower-than-expected bookings and guidance cut led to a drop in AI-related stocks, but Gene Munster believes this is an overreaction. ASML's AI-related revenue is limited, and the weakness is due to other factors. Despite this, the AI trade remains strong, with significant growth expected in AI infrastructure spending.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 8:57 am

DLPN

Dolphin Entertainment is entering the women's sports market, projecting its fiscal year 2024 revenue to exceed $50 million, marking a 20% year-over-year increase. The company also anticipates positive adjusted operating income.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:05 am

AAPL

Morgan Stanley's analyst Erik Woodring predicts Apple will beat revenue expectations for the September quarter, despite shorter iPhone lead times. The iPhone 16's lead times are stable, and supply chain improvements are noted. Apple is expected to ship 56 million iPhones, surpassing estimates.

Portfolio Pulse from Shanthi Rexaline

October 16, 2024 | 7:23 am

STLA

Stellantis reported a 20% year-over-year decline in Q3 2024 shipments due to dealer inventory cuts and product portfolio transitions. The decline in shipments was more severe than the 15% sales decline.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:56 am

ASML

ASML Holding reported a significant increase in its Q3 revenue, reaching €7.5 billion, up from €6.67 billion year-over-year. The company's earnings per share also rose to €5.28 from €4.81 in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:42 am

LOOP

Loop Industries reported Q2 2025 earnings with a GAAP EPS of $(0.10), meeting analyst expectations, but sales of $23 million missed estimates by 53.06% and decreased 57.41% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:36 am

AAPL

GOOGL

META

MSFT

Ark Invest's Frank Downing highlights OpenAI's leadership in AI, noting its rapid growth and innovation. Despite competition from companies like Meta and Google, OpenAI's valuation and revenue growth are impressive. The company recently secured $6.6 billion in funding, valuing it at $157 billion.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 6:33 am