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Earnings

INTC

Intel reports that over 15 million Windows AI PCs have been shipped since launch. However, export license restrictions in May impacted Q2 client business in China, and weaker Q3 spending is expected in consumer and enterprise markets, especially in China. Dependence on external wafers for AIPC chip ramp will pressure gross margins, but transitioning Intel 3 and Intel 4 wafers to an Ireland facility saved $1 billion and will improve long-term gross margins. Sequential growth in the data center is expected in H2 as demand for traditional servers improves.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:47 pm

SNAP

Snap Inc. has projected its Q3 2024 revenue to be between $1.335 billion and $1.375 billion, surpassing the estimated $1.25 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:46 pm

ELME

Elme Communities has projected its FY24 Core Funds From Operations (FFO) to be in the range of $0.91 to $0.95.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:43 pm

BFLY

Butterfly Network has affirmed its revenue guidance for FY24 at $75M-$80M, aligning with estimates. The company also improved its adjusted EBITDA guidance by $5M, projecting a loss of $50M-$45M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:43 pm

ALHC

Alignment Healthcare has raised its Q3 revenue guidance to $655M-$665M, surpassing the estimated $630.25M. The company also projects FY24 revenue to be between $2.61B and $2.64B, exceeding the estimated $2.52B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:43 pm

GDYN

Grid Dynamics (GDYN) has provided its financial outlook for Q3 2024, expecting revenue between $84M and $86M, and Non-GAAP EBITDA between $12.3M and $13.3M. The company also provided share count estimates but did not provide GAAP net income/loss targets due to the difficulty in estimating certain items.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:42 pm

CLAR

Clarus Corporation (CLAR) has provided its fiscal year 2024 outlook, expecting sales between $270 million to $280 million, adjusted EBITDA of $11 million to $14 million, and capital expenditures of $6 million to $7 million. The company is focusing on scaling its Adventure segment in North America and Europe.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:41 pm

DORM

Dorman Products has announced its adjusted EPS for 2024 to be in the range of $6 to $6.20, surpassing the estimated $5.64.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:40 pm

MTZ

MasTec has provided its financial outlook for 2024, projecting revenues of approximately $12.4 billion, slightly below the estimated $12.55 billion. The company also expects adjusted EPS of $3.03, which is above the estimated $2.95. For Q3, MasTec anticipates revenues of around $3.45 billion, in line with the $3.44 billion estimate, and adjusted EPS of $1.24, slightly above the $1.22 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:39 pm

HUBG

Hub Group has provided its financial guidance for FY24, projecting EPS between $1.75 and $2.05, compared to the estimated $1.99. The company also expects revenue to be between $4.0 billion and $4.3 billion, which is below the estimated $4.37 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:39 pm