Streetbeat News

Earnings

AMD

SMCI

Semiconductor stocks are trading lower following disappointing quarterly earnings reports from AMD and Supermicro, affecting the broader sector.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:35 pm

RYI

Ryerson Holding (NYSE:RYI) reported Q1 2024 adjusted EPS of $(0.18), missing the $0.32 estimate, and sales of $1.239B, beating the $1.224B estimate. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:35 pm

SMCI

Supermicro shares are trading lower after the company reported mixed financial results for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:34 pm

TMDX

TransMedics has increased its FY24 revenue forecast from the range of $360M-$370M to $390M-$400M, surpassing the estimated $366.990M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:32 pm

HI

Hillenbrand has revised its FY24 adjusted EPS forecast downwards from the previous range of $3.60-$3.95 to a new range of $3.30-$3.50, below the estimated $3.70.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:31 pm

TRTX

TPG RE Finance Trust (TRTX) reported Q1 2024 adjusted EPS of $0.30, surpassing the $0.18 estimate, and sales of $38.927M, exceeding the $23.180M estimate. This represents a significant increase in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:31 pm

HI

Hillenbrand projects its Q3 adjusted EPS to be between $0.80 and $0.85, falling short of the estimated $1.02.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:30 pm

DSP

Viant Technology projects its Q2 2024 revenue to be between $63.5M and $66.5M, which is around the analyst estimate of $64.772M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:29 pm

AMD

Advanced Micro Devices (AMD) executive announced during a conference call that the company has raised its revenue forecast for AI chips in 2024 to $4 billion, up from the previously forecasted $3.5 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:27 pm

NGD

New Gold (AMEX:NGD) reported Q1 2024 adjusted EPS of $0.02, surpassing the undefined analyst consensus estimate. Sales reached $192.1M, slightly above the $190.92M estimate but marked a 4.71% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:27 pm