Streetbeat News

Revenues

LDI

loanDepot reported growth in loan originations due to falling interest rates and a more normalized housing market. The company returned to profitability for the first time since Q4 2022 and introduced a new strategic roadmap.

Portfolio Pulse from

November 06, 2024 | 3:00 am

TMCI

Levi & Korsinsky has initiated an investigation into Treace Medical Concepts, Inc. (NASDAQ:TMCI) for potential violations of federal securities laws. The investigation follows the company's Q1 2024 financial results announcement, which met revenue estimates but included a lowered full-year guidance due to competitive pressures.

Portfolio Pulse from

November 06, 2024 | 2:45 am

TGS

Transportadora de Gas del Sur (TGS) experienced a significant boost in its transportation segment due to a 700% tariff increase, but faces risks from lagging inflation adjustments. The liquids segment saw a 50% YoY drop in operating income, while midstream revenues grew 17% in USD terms. Despite these factors, TGS's valuation remains high, with political, economic, and currency risks impacting future performance.

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November 06, 2024 | 1:45 am

BFAM

Bright Horizons Family (BFAM) has been downgraded from buy to hold due to limited upside potential, despite strong fundamentals and growth. The company reported 11.4% revenue growth and a 25.5% increase in EPS, with a 10% growth outlook supported by strong demand.

Portfolio Pulse from

November 06, 2024 | 1:45 am

AHEXF

Adecco Group's CFO, Coram Williams, reported a 4% year-on-year decline in revenue for the third quarter, yet described the results as 'robust' given the challenging market conditions.

Portfolio Pulse from

November 06, 2024 | 1:45 am

CLF

Cleveland-Cliffs (CLF) reported its Q3 earnings, providing insights into its business performance for the quarter ended September 2024. Investors should consider how key metrics compare with Wall Street estimates and year-ago numbers.

Portfolio Pulse from

November 06, 2024 | 12:45 am

YUM

Yum! Brands is utilizing voice AI technology to enhance personalized service at its Taco Bell restaurants, with over 2 million orders processed through this system. This was highlighted during their Q3 earnings call.

Portfolio Pulse from

November 06, 2024 | 12:45 am

GABC

German American Bancorp, Inc. faces limited upside potential due to expected lower interest rates affecting net interest income. The bank's loan book is heavily exposed to commercial real estate and agricultural loans, with moderate interest rate sensitivity. Rising deposit costs and weak non-interest income growth are pressuring revenues.

Portfolio Pulse from

November 06, 2024 | 12:30 am

PTEN

Patterson-UTI Energy, Inc. reported an average of 105 drilling rigs operating in the U.S. for October 2024.

Portfolio Pulse from

November 05, 2024 | 11:30 pm