Streetbeat News

Stock Prices

CTS

CTS Corporation has reduced its revenue forecast for FY23 from $565M-$585M to $545M-$555M, which is below the estimated $572.97M.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:03 pm

BTU

Peabody Energy reported Q3 earnings of $0.82 per share, missing the analyst consensus estimate of $0.99 by 17.17%. This is a 64.96% decrease from the same period last year. The company also reported quarterly sales of $1.08 billion, missing the estimate of $1.10 billion by 2.00%, a 19.73% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:02 pm

BPOP

Popular (NASDAQ:BPOP) reported Q3 earnings of $1.90 per share, beating the analyst consensus estimate of $1.85 by 2.7%. However, this is a 28.03% decrease from the same period last year. The company's quarterly sales were $534.02 million, missing the analyst consensus estimate of $536.53 million by 0.47%. This is a 7.87% decrease from the same period last year.

Portfolio Pulse from saritha@benzinga.com

October 26, 2023 | 12:02 pm

GOOGL

US stock markets closed in the red on October 25th, with Alphabet Inc.'s shares plunging after its Q3 financial results. This coincided with a rise in US Treasury yields, sparking fears of prolonged high interest rates. New home sales in the US surged by 12.3% in September. The Dow Jones, S&P 500, and Nasdaq all declined. Asian markets were mostly lower, with Japan's Nikkei 225 and Australia's S&P/ASX 200 declining, while China's Shanghai Composite and Shenzhen CSI 300 rose. European stocks also tumbled, erasing most of their 2023 gains.

Portfolio Pulse from Akanksha Bakshi

October 26, 2023 | 11:58 am

META

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are set to open lower due to a 2.65% drop in premarket trading. Since Tesla's third-quarter report, the stock has slumped 16.5%. This downturn is due to Tesla falling short of expectations across key areas and Elon Musk's remarks on economic effects and challenges in ramping up Cybertruck production. Comments from Meta Platforms management regarding geopolitics and economic factors affecting their fourth-quarter performance could also influence Tesla's decline.

Portfolio Pulse from Shanthi Rexaline

October 26, 2023 | 11:53 am

WPP

WPP PLC has disclosed a Q3 trading update, with a revenue decline of 1.8% Y/Y on a reported basis and an increase of 2.3% on a like-for-like basis. The company's performance continues to be impacted by cautious spending trends, mainly across technology clients. WPP has lowered its FY23 outlook for LFL revenue less pass-through costs growth to 0.5%-1.0% and now expects a headline operating margin of 14.8-15.0%. WPP shares are trading lower by 1.47% at $40.97 premarket on the last check Thursday.

Portfolio Pulse from Lekha Gupta

October 26, 2023 | 11:46 am

EIS

SPY

USO

Israel has sent tanks, troops, and armored bulldozers into the Gaza Strip in a targeted raid overnight. The US-listed ETFs EIS, SPY, and USO may be affected by this news.

Portfolio Pulse from Charles Gross

October 26, 2023 | 11:40 am

AMZN

GOOGL

META

QQQ

SPY

Stock futures dipped early Thursday, with Meta Platforms, Inc.‘s (NASDAQ:META) impressive results failing to satisfy investors. Amazon, Inc. (NASDAQ:AMZN) is set to release its quarterly results after the market close. The third-quarter GDP report is expected to reveal the fastest growth since late 2021. Factors like Alphabet, Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) underwhelming Cloud revenue, surging bond yields, rising oil prices, and robust new home sales for September unnerved traders. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.61% to $415 and the Invesco QQQ ETF (NASDAQ:QQQ) plunged 0.91% to $347.14.

Portfolio Pulse from Shanthi Rexaline

October 26, 2023 | 11:38 am

SHYF

The Shyft Group has revised its FY23 outlook to the lower end of the range due to end-market challenges and operational inefficiencies. The company now expects sales of $850M-$900M, adjusted EBITDA of $40M-$45M, net income of $4M-$9M, and adjusted EPS of $0.42-$0.56.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 11:35 am

EME

EMCOR has increased its revenue guidance for FY23 from $12B-$12.5B to $12.5B, which is higher than the estimated $12.38B.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 11:34 am