Earnings Surpasses, New Ventures, and Product Launches: Key Updates from Palantir, Block, Vertiv, Nike, and Sony
Monday, Nov 4, 2024 5:00 pm ET
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies Inc. reported third-quarter revenue of $725.5 million, surpassing analyst expectations of $703.7 million. The company raised its full-year revenue guidance. It will announce its third-quarter financial results for fiscal 2024 after the market closes on November 4.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block is partnering with Lyft to offer Cash App Pay for ride payments. RBC Capital reiterated its outperform rating on Block with a target price of $88. Citigroup added Block to its 30-day negative catalyst watchlist due to risks in its 2025 guidance.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 53.25% increase in net profits for the first three quarters of FY2024, with revenues reaching $56.65 billion. Multiple analysts maintain a buy rating on Vertiv Holdings, setting price targets between $115.00 and $140.00.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 28% drop in net profit and a 10% decrease in global revenue for Q1 2025. Greater China revenue fell 3%. The company is undergoing management changes to address these challenges. Additionally, Nike faces product quality complaints from customers purchasing via Li Jiaqi's livestream.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony unveiled the PS5 Pro, which supports 8K resolution and includes a GPU with 16.7 TFLOPS and an additional 2GB DDR5 memory. The global release is set for November 7th. Additionally, Sony has acquired KinaTrax to explore biomechanics and athlete performance.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies Inc. reported third-quarter revenue of $725.5 million, surpassing analyst expectations of $703.7 million. The company raised its full-year revenue guidance. It will announce its third-quarter financial results for fiscal 2024 after the market closes on November 4.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block is partnering with Lyft to offer Cash App Pay for ride payments. RBC Capital reiterated its outperform rating on Block with a target price of $88. Citigroup added Block to its 30-day negative catalyst watchlist due to risks in its 2025 guidance.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 53.25% increase in net profits for the first three quarters of FY2024, with revenues reaching $56.65 billion. Multiple analysts maintain a buy rating on Vertiv Holdings, setting price targets between $115.00 and $140.00.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 28% drop in net profit and a 10% decrease in global revenue for Q1 2025. Greater China revenue fell 3%. The company is undergoing management changes to address these challenges. Additionally, Nike faces product quality complaints from customers purchasing via Li Jiaqi's livestream.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony unveiled the PS5 Pro, which supports 8K resolution and includes a GPU with 16.7 TFLOPS and an additional 2GB DDR5 memory. The global release is set for November 7th. Additionally, Sony has acquired KinaTrax to explore biomechanics and athlete performance.