Streetbeat News

Earnings

IVVD

Invivyd reported preliminary Q3 2024 results with $9.3M in PEMGARDA revenue and $107M in cash. The company withdrew revenue guidance due to FDA warnings and aims for profitability in 2025.

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October 29, 2024 | 11:16 am

GLW

Corning has provided a positive outlook for Q4 2024, expecting adjusted EPS between $0.53 and $0.57, surpassing the estimated $0.52. Sales are projected at $3.75 billion, exceeding the $3.67 billion estimate. Management anticipates accelerated year-over-year sales growth and faster EPS growth.

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October 29, 2024 | 11:15 am

HEES

H&E Equipment Services reported Q3 2024 earnings per share of $0.85, missing the analyst estimate of $0.99. Sales were $384.862 million, below the expected $388.178 million, and down 3.95% from the previous year.

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October 29, 2024 | 11:14 am

OPRA

Opera Limited has raised its revenue guidance for FY24 to $470M–$473M, surpassing previous estimates and analyst expectations. The company also projects Q4 revenue of $135M–$138M, significantly higher than the estimated $120.4M.

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October 29, 2024 | 11:13 am

GLW

Corning reported Q3 2024 earnings of $0.54 per share, surpassing the $0.52 estimate, and sales of $3.73 billion, exceeding the $3.72 billion estimate. This marks a 20% increase in EPS and a 7.92% increase in sales compared to the previous year.

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October 29, 2024 | 11:12 am

CROX

Crocs has updated its FY24 adjusted diluted earnings per share guidance to a range of $12.82-$12.90, slightly above the previous estimate of $12.45-$12.90 and in line with the consensus estimate of $12.86.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:09 am

SOFI

SoFi has raised its FY24 revenue guidance to $2.535B-$2.550B, up from the previous $2.425B-$2.465B, indicating a 22-23% growth. Adjusted EBITDA is expected to be $640-$645M, with a 25% margin. GAAP net income is projected at $204-$206M, and EPS at $0.11-$0.12. The company anticipates adding 2.3M new members in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:09 am

MAS

Masco Corporation has revised its fiscal year 2024 adjusted EPS outlook to a range of $4.05 to $4.15, down from the previous range of $4.05 to $4.20. The new guidance is slightly below the analyst estimate of $4.11.

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October 29, 2024 | 11:09 am

SOFI

SoFi shares are trading higher after the company reported better-than-expected Q3 financial results.

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October 29, 2024 | 11:07 am

AMT

American Tower has revised its FY24 AFFO guidance downwards, with new estimates ranging from $10.45 to $10.62 per share, compared to the previous range of $10.48 to $10.72. The company also projects total property revenue between $9.89 billion and $9.98 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:07 am