Streetbeat News

Earnings

SMCI

Super Micro Computer (SMCI) reported Q3 2024 adjusted EPS of $6.65, surpassing the $5.78 estimate, marking a 307.98% increase from last year. However, its sales of $3.850B fell short of the $3.952B estimate, despite a 200.08% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:30 pm

CCCS

CCC Intelligent Solutions (NASDAQ:CCCS) reported Q1 2024 earnings of $0.09 per share, surpassing the $0.08 estimate, with sales of $227.200M also beating the $225.511M estimate, marking a 10.87% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:30 pm

CC

Chemours (NYSE:CC) reported Q1 sales of $1.350 billion, slightly beating the analyst consensus estimate of $1.349 billion by 0.04%. However, this represents a 12.11% decrease from the $1.536 billion sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:29 pm

KAI

Kadant Inc. projects its Q2 2024 adjusted EPS to be between $2.40 and $2.50, below the estimated $2.53. The company also forecasts revenue to range from $258 million to $266 million, slightly under the expected $266.104 million.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:28 pm

SILK

Silk Road Medical reported Q1 2024 earnings with a smaller loss per share of $(0.36) compared to estimates of $(0.40) and a 16.28% improvement from last year. Sales reached $48.484M, surpassing estimates of $44.676M and marking a 20.81% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:28 pm

CZR

Caesars Entertainment Inc. (NASDAQ:CZR) reported Q1 financial results with a loss of 73 cents per share and quarterly sales of $2.74 billion, missing the analyst consensus estimate of $2.84 billion. The company highlighted record occupancy in Las Vegas due to the Super Bowl and Chinese New Year, offset by lower-than-expected hold and weather-related weakness in its Regional segment. Caesars Digital saw strong revenue growth despite challenges. Shares fell 3.13% after-hours to $34.70. The company remains optimistic for the rest of the year.

Portfolio Pulse from Erica Kollmann

April 30, 2024 | 8:28 pm

KAI

Kadant Inc. has announced its financial guidance for FY24, maintaining its adjusted EPS in the range of $9.75 to $10.05, compared to the estimated $9.81. The company also forecasts revenue between $1.040 billion and $1.065 billion, slightly below the estimated $1.063 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:28 pm

NARI

Inari Medical has updated its FY24 revenue forecast to $592.5M-$602.5M, surpassing the previous estimate of $588.35M and significantly improving from its prior forecast of $580M-$595M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:28 pm

INVH

Invitation Homes has confirmed that its 2024 guidance remains unchanged from the initial guidance provided in February. The company expects its Core FFO (Funds From Operations) per share to be in the range of $1.82-$1.90, aligning with the analyst estimate of $1.87.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:28 pm

KRG

Kite Realty Group Trust (KRG) has updated its FY24 earnings guidance, raising its NAREIT FFO forecast from $2.00-$2.06 to $2.02-$2.08 per diluted share. The adjustment is based on improved same property NOI projections and a reduced bad debt assumption. Net income for FY24 is expected to be between $0.30 and $0.36 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:27 pm