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☆ Amazon set to report Q3 earnings after the bell
▼ + stars: | 2024-10-31 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Amazon will report results for the third quarter after the bell Thursday. Earnings are growing much faster, due largely to Amazon CEO Andy Jassy's widespread cost-cutting efforts. Amazon is expected to report operating income of $14.7 billion during the quarter, up more than 31% from a year earlier, according to StreetAccount. During the third quarter, Amazon held its annual Prime Day megasale in July. WATCH: What to expect from Meta and Amazon earnings

Persons: Brian Olsavsky, Donald Trump, Olsavsky, Andy, Jassy, Jeff Bezos, Jassy's, Brad Erickson, CNBC's, megasale, Amazon, Oppenheimer, Jason Helfstein, SpaceX's, Helfstein, hasn't Organizations: LSEG, LSEG Revenue, Web, Paris Olympics, Amazon, CNBC, Nasdaq, RBC Capital Markets, Apple, Microsoft, Meta, Adobe Analytics, United Launch Alliance, . Space Force, Olsavsky Locations: U.S

Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Auto giant Stellantis on Thursday reported a 27% decline in third-quarter net revenues, but said it was making headway in addressing operational issues such as U.S. inventories. The Netherlands-based company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said that net revenues for the July-September period came in at 33 billion euros ($35.8 billion). Analysts had expected third-quarter net revenues to come in at 36.6 billion euros, according to an LSEG-compiled consensus. Stellantis said it is set to reach its target of slimming down the U.S. stocks by 100,000 units by the end of November.

Persons: Stellantis Organizations: Vehicles, Auto, Dodge, Fiat, Chrysler, Peugeot, Analysts, U.S, Atlantic Locations: Turin, Italy, Netherlands, U.S, Milan, China

☆ China has a lot at stake in the US election. So why aren’t they rooting for a winner?
▼ + stars: | 2024-10-31 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

“(It) doesn’t matter who it is (that wins),” one social media user wrote in a popular comment on China’s X-like platform Weibo. “There’s no perfect system, but at least they allow people to question them,” one social media user said on Weibo. Both Harris and Trump have been hot topics on Chinese social media platforms. Harris appeared to be relatively unknown to Chinese social media users prior to becoming the Democratic candidate after Biden’s July withdrawal from the race. But Trump is still seen in Beijing’s policy circles as likely to drive a more fractious relationship with China than Harris would.

Persons: Li Shuo, Kamala Harris, Donald Trump, Trump’s, Joe Biden, Xi Jinping, Brendan Smialowski, hashtag, ”, China’s, “, Harris, Trump, Chuan, “ Trump, can’t, Wu Xinbo, ” Wu, Shi Yinhong, Biden, Vladimir Putin, Wu, Gan Organizations: Hong Kong CNN, CNN, Huawei, Biden, Economic Cooperation, Getty, China Daily, Xinhua, Weibo, American, Communist Party, Democratic, Washington, Center for American Studies, Shanghai’s Fudan University, Renmin University Locations: China, Hong Kong, Beijing, Taiwan, Asia, California, AFP, Weibo, Liberty, United States, US, Europe, Ukraine –, Russia, Shanghai

☆ Strike on Iran shows Israeli Air Force's embrace of ballistic missiles
▼ + stars: | 2024-10-31 | by ( ) www.businessinsider.com time to read: +7 min

Israel's weapon of choice in its attack on Iran was the air-launched ballistic missile. Their weapon of choice: Air-launched ballistic missiles. The Israeli Air Force's use of various ALBMs suggests some middle ground was ultimately reached. While Israel does have an arsenal of land-based Jericho intermediate-range ballistic missiles (IRBMs), these are reserved for nuclear strikes. Israel designed its Sparrow missiles to simulate Iraqi Scud and Iranian Shahab ground-launched missiles for testing its Arrow interceptor missiles, which successfully intercepted most of the incoming Iranian ballistic missiles fired at Israel on October 1.

Persons: —, Freddy Khoueiry, RANE, Air LORA, Sebastien Roblin, Roblin, Federico Borsari, ALBMs, Borsari, Israel, Avigdor Lieberman, RANE's Khoueiry Organizations: Service, Air, IDF, Rampage, Centre for, Haaretz Locations: Iran, Israel, Iraq, East, North Africa, Tehran, Khuzestan, Ilam, Tehran province

☆ Boeing union endorses sweetened contract deal after nearly 7 weeks on strike
▼ + stars: | 2024-10-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases. The planemaker proposed a new deal that includes a 38% pay increase over 4 years, the union said. Union leaders said it is recommending workers to approve the deal on Monday. AdvertisementBoeing union leaders are endorsing a sweetened contract offered by the airplane maker, signaling an end to a nearly seven-week strike that put a halt to the company's manufacturing operations. The union said it is endorsing the contract and recommends that its members approve the deal during Monday's vote.

Persons: —, Jay Timmons Organizations: Union, Service, Boeing, International Association of Machinists & Aerospace Workers, Workers, IAM, National Association of Manufacturers, Bank of America, Puget Locations: Pacific, America, United States

☆ Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling
▼ + stars: | 2024-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

An executive at Palo Alto Networks also posted about it on LinkedIn , without mentioning the dollar amount and duration. These headlines could be helping support shares of Palo Alto in Thursday's down market. Palo Alto did not respond to CNBC's request for comment on the licensing agreement. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, nonfarm, Morgan Stanley, Palo, Nikesh Arora, —, Missouri —, we're, Jeff Marks, Abbott, we'll, payrolls, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones Industrial, Microsoft, Meta, Boeing, Reserve, Palo Alto Networks, Department of Defense, Palo, Abbott Labs, NEC, Judicial, Apple, Coterra Energy, Intel, . Steel, Juniper Networks, Chevron, Exxon Mobil, LyondellBasell, Jim Cramer's Charitable Locations: U.S, Palo Alto, Thursday's, Missouri

☆ Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
▼ + stars: | 2024-10-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Despite the progress, Peloton is expecting to lose more members and sell fewer bikes and treadmills than Wall Street analysts had expected during its all-important holiday quarter. The company is expecting to have between 560,000 and 580,000 paid app subscribers by the end of its current quarter, compared with expectations of 608,200, according to StreetAccount. It's expecting adjusted EBITDA of between $20 million and $30 million during its current quarter, compared with StreetAccount EBITDA estimates of $13.9 million. For fiscal 2025, Peloton raised its full-year EBITDA guidance – a key metric that investors are watching to gauge the company's future value. It said it's now expecting to generate between $240 million and $290 million in adjusted EBITDA, compared with a previous range of $200 million and $250 million.

Persons: It's, Barry McCarthy, McCarthy, Peter Stern, it's Organizations: Sporting Goods, Wall Street, LSEG Locations: Daly City , California, North America

☆ Wall Street views Coinbase through an election lens and soft pedals weak earnings
▼ + stars: | 2024-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coinbase Global's latest earnings were even weaker than expected, but with an eye toward next week's election and its effect on cryptocurrency markets, many analysts on Wall Street say the exchange is still a buy. Coinbase also warned that an October drop in the price of ether could offset growth in nontrading revenue in the current quarter. Coinbase tumbled as much as 8.6% in early trading Thursday, touching a low of $193.56. The election outcome at one point was widely viewed as a key catalyst for the price of bitcoin. On the earnings call, CEO Brian Armstrong said he expects to see "the most pro-crypto Congress ever" next year.

Persons: Coinbase, Joseph Vafi, Genuity, Citigroup's Peter Christiansen, Christiansen, –, Brian Armstrong, Piper Sandler, Patrick Moley, — CNBC's Michael Bloom Organizations: Wall, White House, Citi, Canaccord, Bank of America, SEC Locations: U.S, .

☆ Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data: Live updates
▼ + stars: | 2024-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Dow Jones Industrial Average futures rose 15 points, or 0.1%, while S&P 500 futures also gained 0.1%. Those moves come after a downbeat session on Thursday, which saw the S&P 500 and Nasdaq Composite dragged down by post-earnings slumps in Microsoft and Meta Platforms . The Dow led the major indexes down with a slide of 1.3%, while the S&P 500 and Nasdaq shed 1% and 0.5%, respectively. On the earnings front, traders will monitor Friday reports from Chevron and Exxon Mobil .

Persons: Dow, Jay Hatfield, Dow Jones, nonfarm Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Intel, Microsoft, Meta, Infrastructure Capital Management, Chevron, Exxon Mobil

☆ Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
▼ + stars: | 2024-10-31 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

"I think we've proven over time that we can drive enough operating income and free cash flow to make this a very successful return on invested capital business," Jassy said. "We expect the same thing will happen here with generative AI." The jump in spending is primarily being driven by generative AI investments, Jassy said. A day earlier, Alphabet CFO Anat Ashkenazi warned the company expects capital spending to grow in 2025. Amazon has said its cloud unit has picked up more business from companies that need infrastructure to deploy generative AI models.

Persons: Andy Jassy, Jassy, OpenAI, we're, Mark Zuckerberg, Anat Ashkenazi, It's, it's Organizations: Amazon Web Services, Meta, Microsoft, Amazon Locations: OpenAI

☆ How Hermès is bucking the global luxury slowdown
▼ + stars: | 2024-10-31 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

French luxury company Hermès has spent nearly 200 years emphasizing quality, scarcity and desirability — a strategy that's helped it dominate the luxury sector, even over its much larger rivals. Analysts say the Birkin and the Kelly account for between 25% and 28% of Hermès' total revenue. For fiscal year 2023 Hermès reported the fourth-highest revenue total of the major luxury fashion brands, behind LVMH , Richemont and Kering . In its most recent quarter, Hermès posted double-digit revenue growth while competitors LVMH and Kering reported sharper-than-expected declines in sales. Globally, many luxury consumers have pulled back on spending, particularly aspirational buyers in 2023 and 2024.

Persons: Hermès, Birkin, Kelly handbags —, Jane Birkin, Princess Grace Kelly of Monaco, Kelly, Luca Solca Organizations: Bernstein Locations: LVMH

☆ Euro zone inflation rises to higher-than-expected 2% in October
▼ + stars: | 2024-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. The fresh Thursday inflation print is seen as crucial in judging whether the European Central Bank could consider implementing a jumbo half-percentage-point cut in interest rates at its next meeting in December. The central bank has so far trimmed rates three times this year, making quarter-point increments that altogether took the central bank's key rate from 4% to 3.25%. Traders are also considering the latest growth figures for the euro area, which showed better-than-expected 0.4% expansion in the third quarter, even as analysts predicted further weakness ahead. The ECB said during its October meeting that sluggishness in the euro zone's economic activity had added to its confidence that inflation will not resurge dramatically.

Organizations: Reuters, European Central Bank, Traders, ECB Locations: Bonn, Germany

☆ Super Micro's $50 billion stock collapse underscores risk of AI hype
▼ + stars: | 2024-10-31 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

Super Micro is one of the primary vendors for building out Nvidia-based clusters of servers for training and deploying AI models. Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the stock exchange. Ernst & Young was new to the job, having just replaced Deloitte & Touche as Super Micro's accounting firm in March 2023. Since the S&P's announced index changes in March, Super Micro's stock has dropped at least 10% on six separate occasions. — CNBC's Rohan Goswami and Kif Leswing contributed to this report WATCH: Super Micro stock is a 'very risky buy'

Persons: Ernst & Young, Deloitte didn't, hasn't, P's, Dow Jones, Kevin Barry, Barry, —, Rohan Goswami, Kif Leswing Organizations: Computer Inc, Bloomberg, Getty, Micro, Nvidia, Ernst, Nasdaq, Mizuho, Deloitte, Touche, CNBC, Ernst & Young, Dell, SEC, Super, Hindenburg Research, Super Micro, U.S, U.S . Super, Whirlpool, P Global Locations: San Jose , California, U.S, That's, U.S .

☆ Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall
▼ + stars: | 2024-10-31 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Merck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business. But Merck's vaccine that prevents cancer from HPV, the most common sexually transmitted infection in the U.S., posted another quarter of lighter-than-expected sales. Revenue from the shot, Gardasil, fell 11% compared to the year-earlier period, mainly due to lower demand in China. The company booked $16.66 billion in revenue for the third quarter, up 4% from the same period a year ago. The loss of exclusive rights to the medicine will likely cause sales to fall, forcing the company to draw revenue from elsewhere.

Persons: Keytruda, Curon, Merck Organizations: Merck, LSEG Locations: Rahway , New Jersey, U.S, China

☆ Meta is 'best early GenAI winner': Analysts stick by tech giant despite spending concerns
▼ + stars: | 2024-10-31 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Analysts think there's still room for Meta shares to run, even after the company posted disappointing metrics in its latest quarterly report . Wall Street majors are largely optimistic on Meta over the next year, with most firms assigning a price target that implies at least 5% upside. META remains best early GenAI winner in the group," Morgan Stanley analyst Brian Nowak wrote in a note to clients. Shmulik has a price target on the high range of the Street. "We're constructive on the core business, we believe Meta can continue delivering revenue growth above expectations."

Persons: Bernstein, Goldman Sachs, Morgan Stanley, Brian Nowak, " Nowak, Deutsche Bank's Benjamin Black, Mark Shmulik, Shmulik, Meta Organizations: Meta, Facebook, Wall, Lab, Reality Labs, Bank of America, Barclays, Citi, Deutche, Deutsche, — Locations: U.S

☆ Big Tech's vanishing perks have left employees to face a stark new reality
▼ + stars: | 2024-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Big Tech is pulling back on the freebies for its employees . The perks help recruit and retain talent and keep employees working at the office. Some Amazon employees aren't buying it. It's not all bad news for Amazon employees, though. Some Amazon employees support Jeff Bezos' controversial WaPo decision.

Persons: —, David Arky, Tyler Le, Insider's Lara O'Reilly, Rob Price, Hugh Langley, Sydney Bradley, It's, Matt Garman, Frederic J . BROWN, BI's Jyoti Mann, Ashley Stewart, Garman, Stave Huffman, Spencer Platt, Natalie Ammari, Tesla, Meta, Jenny Chang, Rodriguez, Harris, Trump, you'll, Jeff Bezos, Bezos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Microsoft, SEC, Big Tech, Meta, Citibank, Tech, Services, Getty, Amazon Web Services, Amazon, BI, Google, Semiconductor, Intel, Washington Post, Apple Locations: OpenAI, AFP, New York, London

☆ UK borrowing costs soar day after Labour government unveiled tax-raising budget
▼ + stars: | 2024-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

watch nowLONDON — U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing. Yields had already risen on Wednesday shortly after the budget announcement by Finance Minister Rachel Reeves, which contained plans for £40 billion ($52 billion) worth of tax hikes and committed to substantially higher borrowing in the coming years. Despite the big moves this week, the gilt market is remaining relatively stable compared to September 2022, when the U.K. suffered its so-called "mini-budget crisis." Analysts had said ahead of the October 2024 budget that such bond market volatility was unlikely to repeat itself, largely because the U.K. inflation has dropped sharply since the Truss era. Analysts at Goldman Sachs said Thursday it would "reduce the urgency for sequential cuts in the near term."

Persons: Rachel Reeves, We've, Liz Truss, Truss, Reeves, Goldman Sachs, Morgan, Andrew Sheets, BOE, Sterling Organizations: Labour Party, Labour, ING, Budget, Conservative Party, Bank of England, Goldman, CNBC, U.S Locations: London

☆ Switzerland is now flirting with deflation, causing a dilemma for its central bank
▼ + stars: | 2024-10-31 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Urbazon | Istock | Getty ImagesSwitzerland could be at risk of slipping into deflationary territory next year, as a stronger Swiss franc beleaguers policymakers' efforts to get a handle on price growth. The central bank also revised down its forecasts, putting the average annual inflation rate for 2024 at 1.2% from 1.3%, while projecting price increases will grow by 0.6% in 2025, compared with a previous outlook of 1.1%. Foreign exchange (FX) interventions take place when a bank buys or sells its currency in the FX market to raise or lower its value against another currency. Swiss inflation has meanwhile continued to fall. In March, with inflation at 1.2%, the SNB become the first major Western central bank to cut interest rates.

Persons: Thomas Jordan, Adrian Prettejohn, Sophie Altermatt, Julius Baer, Prettejohn, Jordan Organizations: Istock, Getty, Swiss National Bank, Capital, Capital Economics, CNBC, FX Locations: Bern, Switzerland, Adrian Prettejohn Europe, Europe

☆ These stocks are likely to gain from the UK’s major budget announcement, analysts say
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.

Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter

☆ Oil prices rise on optimism over solid U.S. fuel demand
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Nine analysts polled by Reuters had expected an increase in gasoline and crude inventories. "Expectations of a potential delay in the OPEC+ production increase were also supportive... A decision to postpone the increase could come as early as next week, two OPEC+ sources told Reuters.

Persons: Toshitaka Tazawa Organizations: Brent, . West Texas, Energy Information Administration, Reuters, Fujitomi Securities, Organization of, Petroleum, OPEC Locations: U.S, OPEC, Russia, Israel

☆ Linde falls after its guidance fails to wow the market. We've seen this movie before
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

To be sure, it wasn't the typical beat-and-raise quarter that Linde has become known for over the years. Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. It increased to $10 billion thanks to the largest gas project sale in company history. Other companies in the industrial gas space have a shakier track record at this, especially for clean hydrogen projects. Guidance For the fourth quarter, Linde expects adjusted EPS in the range of $3.86 to $3.96, implying 8% to 10% growth compared with the year-ago period.

Persons: Linde, —, Sanjiv Lamba, shouldn't, Lamba, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, Revenue, LSEG, LIN, Products, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Europe, Middle East, Africa, Asia, China, India, Dow Chemical's Fort Saskatchewan

☆ Beaten-up Nextracker provides investors a reason to believe. But timing is key here
▼ + stars: | 2024-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Nextracker lost around 32% of its value in between its August earnings report and Wednesday's close — a frustrating decline. It's too early to act, given the results of next week's contests could move shares of Nextracker and its peers considerably. "We were pleasantly surprised and gratified that this was the best solar earnings we've seen this quarter," Jim Cramer said Thursday. Nextracker Why we own it: Nextracker makes industry-leading tracking technology, which enables large-scale solar panel installations to follow the sun's movement and increase their power generation. Guidance Nextracker reaffirmed its fiscal 2025 guidance for revenue while upping its outlook for a pair of profitability metrics.

Persons: Nextracker, Jim Cramer, We're, Howard Wenger, Chuck Boynton, Jim Cramer's, Jim, Peter Cade Organizations: NXT, Club, Mizuho Securities, CNBC, Stone Locations: Nextracker

☆ Amazon's CEO is even more bullish on the AI opportunity
▼ + stars: | 2024-10-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's AI services are rapidly growing, with significant demand for AWS's AI chips. AdvertisementJust when you thought Big Tech executives couldn't get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. Amazon has launched a number of new AI services in recent years, including Bedrock, an AI development tool, the Rufus shopping agent, and homegrown AI chips called Inferentia and Trainium. Amazon's AI business is "growing three times faster at its stage of evolution than AWS did itself," he added. AdvertisementCustomers are realizing that AI model training and inference "could get costly" and AWS's AI chips can be "very compelling" in terms of its price, the CEO explained.

Persons: Jassy, —, couldn't, Andy Jassy, We've, unravels ChatGPT, Rufus Organizations: Service, Big Tech, Amazon, Services Locations: capex

☆ These stocks reporting next week almost always beat expectations and rally
▼ + stars: | 2024-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Foruteen of the analysts covering Zillow rate it either a strong buy or buy, while 11 view it as a hold. The average price target represents potential 7% upside. The majority of analysts are bullish on platform, while the average price target implies 33% upside. Analyst Kirk Materne's $610 price target is roughly 9% higher than where HubSpot stock is currently trading. Analysts are overwhelmingly bullish on HubSpot, with the average price target representing a potential 11% gain.

Persons: Zillow, Foruteen, Wedbush, Jay McCanless, McCanless, Pinterest, Justin Post, HubSpot, Kirk Materne's Organizations: CNBC Pro, Investment, Bank of America, ISI, Software Locations: outperforming, Zillow

☆ Uber reports third-quarter results that beat Wall Street's revenue expectations
▼ + stars: | 2024-10-31 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Uber reported third-quarter results on Thursday that beat Wall Street's expectations for revenue but missed on analysts' projections for gross bookings. Revenue: $11.19 billion vs. $10.98 billion expected by LSEGUber's revenue grew 20% in its third quarter from $9.3 billion a year prior. Uber reported adjusted EBITDA of $1.69 billion, up 55% year over year and slightly above the $1.64 billion expected by analysts polled by StreetAccount. For its fourth quarter, Uber said it expects gross bookings between $42.75 billion and $44.25 billion, compared with StreetAccount estimates of $43.68 billion. Uber anticipates adjusted EBITDA of $1.78 billion to $1.88 billion, compared with the $1.83 billion expected by analysts.

Persons: Uber, LSEG, Dara Khosrowshahi Organizations: LSEG, LSEG ., StreetAccount, Mobility

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