Streetbeat News

Earnings

VXRT

Vaxart Inc (NASDAQ: VXRT) shares are trading higher in after-hours trading following updates on business and cash runway. The company announced that proceeds from a recent offering and reimbursements under its Project NextGen award will extend its cash runway into 2026. Vaxart plans to use the funds for a Phase 2b study of its oral COVID-19 vaccine and continues to develop other vaccine programs.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 8:32 pm

LZB

La-Z-Boy shares are trading higher following better-than-expected Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:31 pm

LEN

Lennar Corporation has projected new orders for Q3 to be between 20,500 and 21,000, with an average sales price ranging from $420,000 to $425,000.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:31 pm

LZB

La-Z-Boy (NYSE:LZB) reported Q4 earnings of $0.95 per share, beating the analyst estimate of $0.70. Sales were $553.53 million, also surpassing the $516.44 million estimate. Despite the beats, both earnings and sales were slightly down from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:30 pm

LEN

Lennar (NYSE:LEN) reported Q2 2024 adjusted EPS of $3.38, beating the estimate of $3.24. Sales were $8.77 billion, surpassing the $8.52 billion estimate and showing an 8.95% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:30 pm

ET

Energy Transfer has submitted a filing related to its acquisition of WTG. The 20% interest in the Bangl Pipeline, which was subject to a right of first offer, will not be included in the transaction. The purchase price for WTG has been revised to approximately $3.075 billion. Energy Transfer expects the acquisition to be accretive by $0.04 per common unit in 2025, increasing to $0.07 per common unit in 2027.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:25 pm

XCUR

Exicure (NASDAQ:XCUR) reported a significant improvement in its Q1 earnings per share (EPS), with losses narrowing to $(0.10) from $(0.70) year-over-year. The company also reported $500,000 in sales for the quarter.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:05 pm

HSII

Heidrick & Struggles International has reaffirmed its Q2 2024 revenue guidance to be between $255 million and $275 million, compared to the estimated $265.690 million.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:03 pm

CPRI

In the last three months, 5 analysts have published ratings on Capri Holdings (NYSE:CPRI), showing a range of perspectives from bullish to bearish. Analysts have set a 12-month price target average of $41.0, with a high of $42.00 and a low of $38.00. The average price target has decreased by 19.29%. Key analysts from Citigroup, Jefferies, and Telsey Advisory Group have lowered their price targets. Capri Holdings faces financial challenges, including a decline in revenue growth, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 8:01 pm

GME

GameStop shares are trading lower following the company's annual shareholder meeting, which was postponed due to technology issues and high demand. CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction and a streamlined retail presence.

Portfolio Pulse from Vaishali Prayag

June 17, 2024 | 7:16 pm