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SBT

Sterling Bancorp (NASDAQ:SBT) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $16.38 million, missing the analyst consensus estimate of $17.27 million by 5.17%. This is a 14.62% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 25, 2023 | 11:59 am

R

Ryder System (NYSE:R) reported Q3 adjusted earnings of $3.58 per share, beating the analyst consensus estimate of $3.22 by 11.18%. However, this is a 19.55% decrease from the same period last year. The company's quarterly sales were $2.92 billion, missing the analyst consensus estimate of $2.99 billion by 2.21%, and marking a 3.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:56 am

BABA

NVDA

Alibaba Group Holding Limited's stock is trading lower as it gave up gains associated with reports over Beijing's stimulus plan. The Chinese government plans to issue an additional 1 trillion yuan in sovereign debt during Q4. The US Government informed Nvidia Corp that the fresh restrictions applied to products having a 'total processing performance' of 4800 or more and designed or marketed for data centers are effective immediately, impacting shipments of Nvidia's A100, A800, H100, H800, and L40S products. This will be a big blow to the semiconductor aspirations of Alibaba.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 11:51 am

TM

TSLA

Toyota Motor Australia's VP of Sales and Marketing, Sean Hanley, has stated that hybrid vehicles are more suitable for Australia than battery electric vehicles (BEVs), despite the rising popularity of Tesla's Model Y. Hanley cited the '1-6-90 rule', stating that producing a single BEV requires the same amount of raw battery materials as 90 standard hybrid vehicles or six plug-in hybrid vehicles. He also highlighted that hybrids are more affordable and practical for most consumers, especially in countries like Australia where a significant portion of electricity is generated from non-renewable sources.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 11:45 am

LRN

Stride Inc's Q1 FY24 results exceeded expectations, with revenue of $480.2 million, a 12.9% Y/Y increase, beating the consensus of $451.2 million. The company's EPS of $0.11 also surpassed the estimated loss of $(0.35). Stride's shares are trading higher by around 16% following the announcement. The company's outlook for Q2 and FY24 also exceeds estimates.

Portfolio Pulse from Lekha Gupta

October 25, 2023 | 11:42 am

BA

Boeing has reaffirmed its guidance and expects to see $4.5B-$6.5B of operating cash flow. The company also anticipates $3B-$5B in non-GAAP free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:34 am

NOG

Northern Oil and Gas has announced that well proposals have accelerated in late Q3 due to improved commodity prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:34 am

BA

Boeing expects to deliver 70-80 787 airplanes in Q3 and foresees 375-400 737 airplane deliveries. This indicates a positive outlook for the company's production and delivery capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:34 am

FREY

TD Cowen analyst Gabe Daoud has downgraded FREYR Battery (NYSE:FREY) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:33 am

EVGO

TD Cowen analyst Gabe Daoud has downgraded EVgo (NASDAQ:EVGO) from Outperform to Market Perform and lowered the price target from $6 to $4.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:31 am