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- Airbnb Inc: Revenue narrowly beat estimates at $3.73 billion, up 10% YoY, but profits missed slightly. Marketing costs rose 27.5% to $514 million to expand in under-penetrated markets. Q4 revenue forecasted between $2.39 billion and $2.44 billion.
- Akamai Technologies Inc: Revenue forecast for Q4 fell short of estimates due to clients cutting back on cloud and content delivery spending. Q3 revenue rose 4% to $1.01 billion, with Q4 revenue expected at $995 million to $1.02 billion.
- Altus Group Ltd: CIBC cut its target price from C$53 to C$52 following lower-than-expected Q3 results.
- Arista Networks Inc: Projected Q4 revenue above expectations due to increased demand from data centers. Q3 profit rose to $2.33 per share, beating estimates.
- Axon Enterprise Inc: Increased its full-year revenue forecast after a 32% rise in Q3 revenue, led by demand for body cameras and drones. Adjusted profit of $1.45 per share exceeded estimates.
- Block Inc: Missed Q3 revenue expectations at $5.98 billion due to softer consumer spending. Also disclosed a regulatory draft consent order related to its Cash App.
- Bombardier Inc: CIBC cut target price from C$134 to C$131 after the company reported a Q3 cash burn of $127 million.
- Cloudflare Inc: Forecasted Q4 revenue below estimates as clients cut back due to high inflation. Raised its 2024 revenue guidance slightly.
- Consolidated Edison Inc: Beat Q3 profit estimates due to higher service rates. Increased full-year profit forecast range to $5.30–$5.40 per share.
- Corpay Inc: Q3 adjusted profit rose 6% driven by growth in corporate payments. Anticipates 9-11% organic revenue growth in 2025.
- DXC Technology Co: Expects current-quarter revenue and profit above estimates amid strong cloud services demand.
- EOG Resources Inc: Increased share repurchase program after Q3 profit beat expectations due to higher production. Raised its regular dividend by 7%.
- Fortinet Inc: Shares fell after Q4 revenue forecast was only in line with estimates. Fiscal year 2024 revenue guidance rose slightly.
- Grifols: On track to meet 2024 targets despite a 7.5% drop in Q3 net profit.
- Insulet Corp: Raised its annual revenue growth forecast due to strong demand for Omnipod insulin pumps. Q3 revenue exceeded estimates at $543.9 million.
- Leonardo (Italy): CEO aligned with U.S. defense spending push, supporting cross-border alliances in the sector.
- Lucid Group Inc: Beat Q3 revenue estimates and reaffirmed annual production target, though it reported negative gross margins and a widened net loss.
- Rio Tinto: U.S. judge dismissed some claims in a lawsuit alleging investor fraud related to the Oyu Tolgoi mine in Mongolia.
- Mettler-Toledo International Inc: Beat Q3 profit estimates with $954.54 million revenue, raised lower-end profit forecast, but noted uncertainty in market conditions.
- Monster Beverage Corp: Missed Q3 sales and profit estimates as cost-conscious consumers sought cheaper alternatives. Margins slightly improved due to price hikes and reduced input costs.
- Motorola Solutions Inc: Raised full-year revenue and profit forecasts with robust demand for its security products. Q3 revenue reached $2.79 billion, beating expectations.
- MP Materials Corp: Reported a smaller-than-expected loss with higher production and sales volumes. A 23% decline in concentrate prices impacted revenue.
- News Corp: Exceeded Q1 revenue and profit expectations due to growth in digital real estate, publishing, and Dow Jones segments. Announced a new finance chief for next year.
- Nvidia Corp: Reached a historic valuation of $3.65 trillion, driven by investor optimism on Trump’s election and anticipated revenue growth of 80% for Q4.
- Paramount Global: Missed Q3 revenue estimates as box office and cable declines offset streaming growth. Paramount+ added 3.5 million subscribers, surpassing expectations.
- Pinterest Inc: Disappointed investors with a Q4 revenue forecast aligned with expectations. Announced a new $2 billion stock buyback program.
- Rivian Automotive Inc: On track for gross profit in Q4, with increased green car credit sales aiding finances despite production challenges and lowered annual vehicle targets.
- Serve Robotics: Acquired Vebu, expanding into restaurant technology with the avocado processing robot “Autocado” used by Chipotle.
- Solventum Corp: Raised annual profit forecast, driven by strong demand for wound care and sterilization products, despite a significant drop in Q3 net income.
- Trade Desk Inc: Projected Q4 revenue above estimates, benefiting from demand in connected TV and retail media markets, with Q3 revenue up 27% year-over-year.
- Walmart Inc: Offering new incentives to delivery drivers for holiday season pickups to boost sales among upper-income shoppers, aiming to improve e-commerce profitability.
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