Streetbeat News

Earnings

NERV

Minerva Neurosciences (NASDAQ:NERV) reported Q1 2024 GAAP EPS of $(1.13), surpassing the $(1.20) estimate, marking a 13.74% improvement from last year's $(1.31) per share. The company also reported having $34.9M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:16 pm

SPY

The ADP March Payrolls report was revised, showing an increase from the initially reported +184K to +208K, indicating stronger job growth than previously thought.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:16 pm

SPY

The ADP Nonfarm Employment Change for April reported a 192K increase, surpassing the expected 179K and the previous month's 184K.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:15 pm

TTMI

TTM Technologies provided its Q2 2024 outlook, forecasting revenues between $560M-$600M and adjusted EPS of $0.32-$0.38, both surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:14 pm

GTES

Gates Industrial has increased its FY24 adjusted EBITDA forecast to a range of $745M-$805M, up from the previously projected range of $725M-$785M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:14 pm

CNDT

Conduent shares surged following the announcement of better-than-expected Q1 results and the issuance of strong FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:12 pm

AVT

Avnet projects its Q4 sales to be between $5.20B and $5.50B, which is below the estimated $5.74B. The company also forecasts its Q4 diluted EPS to be in the range of $0.90 to $1.00.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:12 pm

TTMI

TTM Technologies (NASDAQ:TTMI) reported Q1 2024 adjusted EPS of $0.31, surpassing the $0.27 estimate, with sales of $570.113M also beating the $551.761M estimate. This represents a 72.22% increase in earnings and a 4.72% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:11 pm

WING

Wingstop has updated its 2024 financial outlook, now expecting low double-digit growth in domestic same-store sales, up from previous mid-single-digit projections. The company also anticipates opening 275 to 295 new global units, with SG&A expenses around $111 million and stock-based compensation expenses about $20 million. Depreciation and amortization costs are expected to remain between $18 to $19 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:09 pm

DRS

Leonardo DRS forecasts its FY24 adjusted EPS to be between $0.74 and $0.82, compared to the estimated $0.80. The company also projects its revenue to range from $2.925 billion to $3.025 billion, against the estimated $3.008 billion.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:09 pm