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BA

NVDA

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T

TSLA

US stocks are set to open higher, driven by Tesla's strong profit margins despite missing revenue expectations. The Dow Jones had its worst session in over a month, with Nvidia and Apple falling over 2%. Boeing reported a loss, while AT&T exceeded earnings expectations. Several companies, including Dow Inc., American Airlines, and UPS, are set to announce earnings today. Tesla remains in focus after beating margin and EPS estimates. The SPDR S&P 500 ETF and Invesco QQQ ETF showed positive premarket movements.

Portfolio Pulse from Rounak Jain

October 24, 2024 | 11:11 am

VC

Visteon (NASDAQ:VC) reported Q3 earnings of $2.26 per share, surpassing the $1.84 estimate, despite a year-over-year decrease. Sales were $980M, also beating estimates but down from last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:11 am

BYND

Beyond Meat's shares are declining following the release of disappointing Q3 earnings and sales figures.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:07 am

WNC

Wabash National's shares declined following disappointing Q3 results and a reduced FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:06 am

POOL

Pool Corporation reported Q3 earnings with a GAAP EPS of $3.27, missing the $3.29 estimate, but sales of $1.43 billion beat the $1.40 billion estimate. EPS decreased by 6.84% from last year, while sales decreased by 2.78%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:06 am

XPRO

Expro Group has updated its fiscal year 2024 sales guidance to a range of $1.720 billion to $1.750 billion, slightly increasing from the previous range of $1.70 billion to $1.75 billion. This update is slightly below the market estimate of $1.75 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:05 am

ALKS

Alkermes reported its Q3 2024 financial results, with GAAP EPS of $0.56 missing the estimate of $0.59, and sales of $378.143 million falling short of the $380.760 million estimate.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:05 am

AAL

American Airlines shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:03 am

LYFT

TSLA

UBER

Uber and Lyft shares fell in pre-market trading after Tesla CEO Elon Musk announced the testing of Tesla's new Cybercab in San Francisco. The ride-hailing feature is currently available for Tesla employees, with plans to expand to the public in California and Texas next year. This development has impacted Uber and Lyft's stock performance as Tesla's entry into the ride-hailing market becomes more tangible.

Portfolio Pulse from Pooja Rajkumari

October 24, 2024 | 11:03 am

CNOB

ConnectOne Bancorp reported Q3 2024 earnings and sales that missed analyst estimates. The company's EPS was $0.41, below the expected $0.44, and sales were $60.887 million, missing the $63.547 million estimate. Both figures also showed a decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:03 am