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LTH

Life Time Group Hldgs (NYSE:LTH) reported Q3 adjusted earnings of $0.13 per share, beating the analyst consensus estimate of $0.12 by 8.33%. However, the company's quarterly sales of $585.20 million missed the analyst consensus estimate of $587.03 million by 0.31%. This represents a 17.89% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:51 am

EVR

Evercore's Q3 advisory fees have been reported at $476.4M, marking a 4% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:48 am

GM

HMC

Honda Motor Co (NYSE:HMC) and General Motors Co (NYSE:GM) have cancelled their plans to develop affordable electric vehicles (EVs). The decision was due to business difficulties, according to Honda's CEO. In addition, GM has withdrawn its EV production targets, including the 100,000 EV target for the second half of this year and the cumulative 400,000 target from 2022 to the first half of 2024. GM's operating income fell 11.1% year-over-year to $3.01 billion in the third quarter.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 10:46 am

TNL

Travel+Leisure has lowered its FY23 Adjusted EBITDA outlook to $900M-$915M from the previous estimate of $925M-$945M. The company also expects Q4 Adjusted EBITDA of $233M-$248M and forecasts Q4 Adjusted EPS of $1.32-$1.46, which is lower than the estimate of $1.54.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:39 am

MSM

MSC Industrial Supply has released its FY24 outlook, predicting ADS growth of 0%-5%, an adjusted operating margin of 12%-12.8%, and operating cash flow conversion of over 125%. The sales outlook assumes a 160 basis point headwind from non-repeating Public Sector sales and expects market headwinds related to the UAW strike to alleviate in early Q2 of FY24.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:38 am

LTHM

Piper Sandler analyst Charles Neivert has downgraded Livent (NYSE:LTHM) from Overweight to Neutral and lowered the price target from $33 to $19.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:35 am

WAB

Wabtec Corporation has projected its 2023 adjusted EPS to be between $5.80 and $6.00, higher than the estimated $5.71. The company also forecasts sales to range from $9.5 billion to $9.7 billion, surpassing the estimated $9.45 billion.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:33 am

GLW

Deutsche Bank analyst Matthew Niknam has downgraded Corning (NYSE:GLW) from Buy to Hold and lowered the price target from $37 to $30.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:32 am

TMHC

Taylor Morrison Home Corp. (TMHC) expects Q4 home closings to be around 2,950 with an average closing price of approximately $615,000.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:18 am

DB

Deutsche Bank AG (NYSE:DB) shares are trading higher by around 7% after it reported Q3 FY23 results. The bank reported revenue growth of 3% Y/Y to €7.13 billion ($7.76 billion), beating the consensus of $7.11 billion. Corporate Bank net revenues increased 21% Y/Y to €1.89 billion. Private Bank revenues rose 3% Y/Y to €2.34 billion. Investment Bank net revenues declined 4% Y/Y to €2.27 billion. Asset Management revenues were down 10% Y/Y to €594 million. The bank also bought back shares worth up to €271 million by the end of 2023.

Portfolio Pulse from Lekha Gupta

October 25, 2023 | 10:12 am