Streetbeat News

Earnings

VIAV

VIAVI has provided guidance for Q4 net revenue to be between $246M-$258M, which is below the estimated $264.383M. Additionally, the adjusted EPS is expected to be between $0.06-$0.08, lower than the estimated $0.11.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:56 pm

DRQ

Dril-Quip reported Q1 adjusted losses of $(0.62) per share, missing the consensus estimate of $0.09 by 788.89%, and a 6100% decrease from last year's $(0.01) per share. However, their quarterly sales of $110.30M exceeded estimates by 4.05%, marking a 21.39% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:56 pm

NET

Cloudflare's stock price dropped following the announcement of Q1 financial results and FY24 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:56 pm

WLDN

Willdan Group (NASDAQ:WLDN) reported Q1 2024 adjusted EPS of $0.40, surpassing the $0.19 estimate, and sales of $68.930M, exceeding the $62.925M estimate. This represents a 25% increase in EPS and an 11.73% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:56 pm

HUN

Huntsman Corporation reported an improvement in Q1 due to higher sales volumes and improved margins, and expects these positive trends to continue into a seasonally stronger Q2.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:55 pm

EBS

Emergent BioSolutions, Inc. (NYSE:EBS) reported Q1 earnings of 59 cents per share, surpassing analyst expectations of an 83-cent loss, with sales of $300.4 million beating estimates by 33.81%. The company announced operational changes including facility closures and workforce reductions expected to save $80 million. Emergent raised its 2024 revenue guidance to $1 billion-$1.1 billion. Shares closed 70.9% higher at $3.30.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 8:55 pm

MELI

MercadoLibre shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:54 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) reported Q1 earnings with a revenue of $1.18 billion, a 53% increase year-over-year, surpassing the consensus estimate of $1.12 billion. EPS was 3 cents, beating the expected loss of 28 cents per share. The company attributes its revenue growth to customer engagement, acquisition, and new territory launches, with monthly unique payers up 23% year-over-year. DraftKings raised its 2024 revenue guidance to $4.8 billion to $5 billion and adjusted EBITDA guidance to $460 million to $540 million. The company is also planning to launch in Puerto Rico and highlighted potential expansions with legislation in nine jurisdictions.

Portfolio Pulse from Chris Katje

May 02, 2024 | 8:54 pm

CDXS

Codexis (NASDAQ:CDXS) reported Q1 2024 earnings with a smaller loss per share of $(0.16) compared to estimates of $(0.18) and a significant sales increase to $17.073M, surpassing the $13.660M estimate. This represents a substantial improvement over the previous year's performance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:53 pm

FIVN

Five9 has reaffirmed its FY24 revenue forecast to be between $1.053B and $1.057B, aligning with the estimated $1.055B. Additionally, the company has increased its adjusted EPS guidance from $2.14-$2.18 to $2.15-$2.19, slightly above the estimated $2.16.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:53 pm