Streetbeat News

Earnings

DRVN

Driven Brands Holdings (DRVN) reported Q1 2024 adjusted EPS of $0.23, surpassing the $0.19 estimate, but its sales of $572.226M fell short of the expected $584.395M. The EPS remained unchanged from the previous year, while sales saw a 1.74% year-over-year increase.

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May 02, 2024 | 11:24 am

SEE

Sealed Air has reaffirmed its fiscal year 2024 revenue forecast to be between $5.2 billion and $5.6 billion, aligning with the analyst estimate of $5.4 billion. The company also provided an adjusted EPS guidance of $2.65 to $3.05, compared to the analyst estimate of $2.84.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:23 am

HII

Huntington Ingalls Industries (HII) reported Q1 2024 earnings of $3.87 per share, surpassing the $3.49 estimate, marking a 19.81% increase from last year. Sales reached $2.805B, slightly above the $2.793B forecast, up 4.90% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:22 am

BAX

Baxter International projects its adjusted earnings per share (EPS) for Q2 2024 to be between $0.65 and $0.67, which is below the estimated $0.68.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:20 am

BAX

Baxter International projects its FY24 adjusted earnings per share (EPS) to be in the range of $2.88 to $2.98, compared to the estimated $2.90.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:20 am

BRKR

Bruker Corporation has updated its FY 2024 financial outlook, raising both revenue and adjusted EPS forecasts. The new revenue range is $3.29B-$3.35B, up from the previous $3.23B-$3.29B, with adjusted EPS now expected to be $2.79-$2.84, up from $2.71-$2.76. This update includes the benefits from the acquisitions of Chemspeed and ELITech but excludes the pending, EPS-dilutive NanoString acquisition. The revised guidance reflects an 11%-13% year-over-year revenue growth, driven by organic growth, constant exchange rate revenue growth, and despite a foreign currency translation headwind.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:20 am

RMNI

Rimini Street (NASDAQ:RMNI) reported Q1 2024 earnings of $0.08 per share, missing the consensus estimate of $0.10, a 33.33% decrease from last year. However, sales of $106.745M exceeded estimates by 0.51%, marking a 1.17% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:19 am

CYBR

CyberArk forecasts its FY24 adjusted EPS to be between $1.88 and $2.07, surpassing the $1.76 estimate. The company also projects its revenue to range from $928M to $938M, slightly above the $927.11M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:19 am

AXGN

Axogen (NASDAQ:AXGN) reported Q1 2024 adjusted EPS of $(0.06), beating the $(0.07) estimate, but missed sales estimates with $41.378M against the expected $41.964M. This represents a 40% improvement in EPS and a 12.86% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:18 am

HWM

Howmet Aerospace projects its FY24 adjusted EPS to be between $2.31 and $2.39, surpassing the estimated $2.20. The company also forecasts revenue to be in the range of $7.225 billion to $7.375 billion, exceeding the expected $7.148 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:18 am