Streetbeat News

Earnings

EHC

Encompass Health (NYSE:EHC) reported Q2 earnings of $1.11 per share, beating the analyst estimate of $1.01 by 9.9%. Sales were $1.30 billion, in line with expectations and up 9.60% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:06 pm

CLOV

Clover Health Investments Corp. (NASDAQ:CLOV) shares surged after the company reported better-than-expected Q2 earnings and revenue. The company posted earnings of 1 cent per share, beating the expected loss of 5 cents, and revenue of $356.26 million, surpassing the $338.76 million estimate. Insurance revenue grew by 11% year-over-year, and the company raised its full-year insurance revenue guidance.

Portfolio Pulse from Erica Kollmann

August 05, 2024 | 9:05 pm

NSA

National Storage Affiliates Trust (NSA) has lowered its FY24 EPS guidance from $1.31-$1.48 to $1.10-$1.17, and its FY24 Core FFO from $2.40-$2.56 to $2.36-$2.44 per share. This adjustment reflects changes in weighted average shares, GAAP accounting, and other factors.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:04 pm

RXST

RxSight has raised its FY24 revenue forecast to $139M - $140M, up from the previous estimate of $132M - $137M, surpassing the consensus estimate of $135.071M. Operating expenses are also expected to increase to $135M - $136M, up from the prior guidance of $126M - $130M, due to higher non-cash stock-based compensation expenses.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:03 pm

IVAC

Intevac shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:03 pm

AQMS

Aqua Metals (NASDAQ:AQMS) reported Q2 2024 GAAP EPS of $(0.05), which met analyst expectations and showed a 16.67% improvement from the $(0.06) loss per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:03 pm

GSM

Ferroglobe (NASDAQ:GSM) reported Q2 2024 adjusted EPS of $0.13, significantly beating the analyst estimate of $0.05. The company also reported sales of $451.048 million, surpassing the $425.400 million estimate. Despite the positive earnings surprise, sales were down 1.18% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:03 pm

BRBR

BellRing Brands has raised its FY24 net sales forecast from $1.93B-$1.99B to $1.96B-$2.00B, which is still below the $2.963B estimate.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:02 pm

NSA

National Storage (NYSE:NSA) reported Q2 earnings of $0.62 per share, missing the $0.63 estimate. Sales were $190.45M, below the $197.21M estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:02 pm

DAVE

Dave shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:01 pm