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MELI

MercadoLibre's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:15 pm

QCOM

Qualcomm reported better-than-expected Q4 financial results and issued Q1 adjusted EPS and sales guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:15 pm

BNL

Broadstone Net Lease (BNL) reported Q3 earnings of $0.36 per share, a 2.86% increase YoY. However, the company's quarterly sales of $109.54M missed the analyst consensus estimate of $111.37M by 1.64%.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:15 pm

AMD

Shares of Advanced Micro Devices, Inc. (AMD) surged after the company reported positive Q3 earnings. Analysts from Morgan Stanley, KeyBanc Capital Markets, Raymond James, Bernstein, BMO Capital Markets, and Piper Sandler provided their insights on AMD's future prospects. While the company's data center and AI GPU revenues are expected to grow, concerns were raised about the performance of the embedded and gaming sectors.

Portfolio Pulse from Priya Nigam

November 01, 2023 | 8:14 pm

ETSY

Etsy has projected a decline in Gross Merchandise Sales (GMS) for Q4 2023 in the low-single-digit range year-over-year. The take rate is estimated to be around 20.8%, slightly down due to normal seasonality. The adjusted EBITDA margin is expected to be between 26-27%. The company's CEO, Mr. Silverman, acknowledged the challenging environment for consumer discretionary spending but expressed confidence in the company's ability to deliver profitable growth.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:13 pm

ET

Energy Transfer (NYSE:ET) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.34 by 55.88%. This is a 48.28% decrease from the same period last year. However, the company reported quarterly sales of $20.74 billion, beating the analyst consensus estimate of $20.27 billion by 2.31%. This is a 9.59% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:12 pm

SPY

Jeffrey Gundlach, bond expert and founder of DoubleTree, predicts that the Consumer Price Index inflation will fall, but the U.S. economy may see a recession in early 2024. He also expects the Federal Reserve to be less aggressive as long as inflation falls. The SPDR S&P 500 Trust ETF (NYSE:SPY) traded higher by more than 1% following Fed Chair Jerome Powell's press conference. Gundlach believes a bond rally has started and that interest rates should fall if a recession occurs.

Portfolio Pulse from Aaron Bry

November 01, 2023 | 8:11 pm

SLN

Silence Therapeutics announced positive results from the APOLLO phase 1 study of zerlasiran, showing significant reduction in lipoprotein(a) levels. The drug was well tolerated with no major safety concerns. HC Wainwright reiterated an $80 price target and Buy rating, predicting peak annual revenues of $2 billion for zerlasiran. SLN shares closed up 29.30% at $8.66 on Wednesday.

Portfolio Pulse from Vandana Singh

November 01, 2023 | 8:09 pm

CNXN

PC Connection (NASDAQ:CNXN) reported Q3 2023 earnings of $0.97 per share, beating the analyst consensus estimate of $0.81 by 19.75%. However, the company's quarterly sales of $693.09 million missed the analyst consensus estimate of $740.11 million by 6.35%. This represents a 10.23% increase in earnings but a 10.65% decrease in sales compared to the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 01, 2023 | 8:09 pm

STAA

Staar Surgical (NASDAQ:STAA) reported Q3 2023 earnings of $0.30 per share, beating the analyst consensus estimate of $0.18 by 66.67%. However, this is a 18.92% decrease from the same period last year. The company's quarterly sales were $80.31 million, missing the analyst consensus estimate of $80.32 million by 0.01%, but showing a 5.60% increase from the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 01, 2023 | 8:02 pm