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GE

General Electric's shares are trading higher following the release of its Q3 financial results and the issuance of guidance. The positive market reaction suggests that the results and guidance were well-received by investors.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:45 pm

BCS

Barclays PLC reported Q3 total income growth of 5% Y/Y to £6.26 billion, but EPS declined to 8.3p from 9.4p Y/Y. Barclays UK income fell by 2% Y/Y, while Barclays International grew by 9% Y/Y. Operating expenses increased, and attributable profit declined 16% Y/Y. The company paid a half-year dividend of 2.7p per share and completed a £750 million share buyback. For 2023, Barclays reiterated a loan loss rate of 50-60bps and a return on tangible equity above 10%. The company's shares are down by 5.70% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:40 pm

OSTK

Overstock.com, Inc. has announced that it will change its corporate name to Beyond, Inc. and will transfer its stock listing from NASDAQ to NYSE. The ticker symbol will change from OSTK to BYON, effective November 6, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:40 pm

SPY

The Philadelphia Fed Wage and Benefit Cost Index has decreased to 34.2 in October from 40.3 in September.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:39 pm

GM

General Motors (GM) reported Q3 FY23 sales growth of 5.4% YoY to $44.13 billion, beating the analyst consensus estimate of $43.68 billion. Q3 deliveries increased by 5.2% YoY to 1.62 million units. However, costs and expenses rose by 6.8% YoY to $41.1 billion, and operating income fell by 11.1% YoY to $3.01 billion. Adjusted EPS of $2.28 beat the consensus estimate of $1.88. GM shares are trading higher by 1.30% in premarket.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 12:37 pm

SPY

The Philadelphia Fed Non-Manufacturing Firm-Level Business Activity Index has improved slightly to -4.9 in October from -5.5 in September.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:37 pm

SPY

The Philadelphia Fed Non-Manufacturing Regional Business Activity Index has dropped to -20.3 in October from -16.6 in September.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:37 pm

HCA

HCA Healthcare reported mixed Q3 financial results and updated guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:36 pm

TBLT

ToughBuilt Industries has launched its StackTech line, a mobile stacking tool storage solution, marking its entry into the Stacking Tool Storage and Toolbox market. The Toolbox category is projected to grow at a CAGR of 8.3% from 2022 to 2032, reaching a market share of USD 6.8 Billion by 2032. The StackTech system has debuted through a leading US home improvement retailer and will expand globally.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:36 pm

GATX

GATX Corporation has updated its FY23 earnings per share (EPS) guidance, now expecting it to modestly exceed the high end of its previously guided range of $6.50-$6.90. This is against the estimated EPS of $6.98.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:35 pm