Streetbeat News

Earnings

KAR

Openlane (NYSE:KAR) reported Q1 2024 earnings of $0.19 per share, missing the $0.21 estimate, and sales of $416.3M, below the $424.565M estimate. This represents a 58.33% increase in earnings per share over the previous year, despite a 1.02% decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:42 pm

CENX

IPX

RYI

USAP

IperionX partners with Vegas Fastener to develop titanium alloy components for critical sectors. Universal Stainless reports near-record Q1 sales of $77.6M and a 12-year high gross margin of 18.9%. Century Aluminum sees a sales downturn but secures a $500M investment for a green smelter. Ryerson Holding faces a Q1 net loss amid challenging conditions but announces significant cost savings and capital expenditure plans.

Portfolio Pulse from austin@walkonholdings.com

May 01, 2024 | 8:42 pm

GREE

Greenidge Generation announced its preliminary Q1 adjusted EBITDA to be between $2.1M and $3.1M, with an EPS ranging from $(0.43) to $(0.33).

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:42 pm

MRAM

Everspin Technologies (NASDAQ:MRAM) reported Q1 2024 GAAP EPS of $(0.01), missing the $0.03 estimate, with sales of $14.430M beating the $14.050M estimate. This represents a 125% decrease in earnings and a 2.80% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:41 pm

EBAY

eBay projects its Q2 2024 revenue to be between $2.49B and $2.54B, which is below the estimated $2.55B.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:41 pm

SUM

Summit Materials projects its FY24 adjusted EBITDA to be approximately $970M-$1.010B.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:41 pm

DVN

Devon Energy (NYSE:DVN) reported Q1 earnings of $1.16 per share, surpassing the $1.11 estimate, and sales of $3.60B, exceeding the $3.47B estimate. This represents a decrease from last year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:41 pm

MGM

MGM Resorts International (NYSE:MGM) reported Q1 earnings of 74 cents per share, surpassing the analyst consensus of 56 cents. Quarterly sales were $4.383 billion, exceeding estimates of $4.236 billion and marking a 13.16% increase from the previous year. The growth was attributed to MGM China's performance and the lifting of COVID-19 restrictions in Macau. The company also highlighted a strategic growth plan and a successful partnership with Marriott, leading to a 1.94% after-hours stock price increase.

Portfolio Pulse from Erica Kollmann

May 01, 2024 | 8:41 pm

ZG

Zillow Group (ZG) reported Q1 2024 adjusted EPS of $0.36, surpassing the $0.32 estimate, with sales of $529M also beating the $508.651M estimate. This represents a year-over-year earnings increase of 2.86% and a sales increase of 12.79%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:41 pm

ALB

Albemarle has reaffirmed its FY24 corporate outlook, including various scenarios based on lithium market price fluctuations. This announcement reflects the company's confidence in navigating the volatile lithium market and its impact on future financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:40 pm