Streetbeat News

Earnings

QGEN

QIAGEN has reaffirmed its fiscal year 2024 adjusted earnings per share (EPS) guidance at $2.10, slightly below the estimated $2.11. The company also expects net sales to reach $2.0 billion, marginally below the estimated $2.010 billion.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:29 pm

LSCC

Lattice Semiconductor Corporation (NASDAQ:LSCC) reported Q1 earnings of 29 cents per share, surpassing estimates by 1 cent but marking a 43.14% decrease from the previous year. Q1 sales were $140.815 million, slightly above estimates and down 23.6% year-over-year. The company anticipates Q2 revenue to be below analyst expectations, estimating between $120 million and $140 million against a $140.46 million forecast. Lattice shares fell 5.67% in after-hours trading to $72.50.

Portfolio Pulse from Erica Kollmann

April 29, 2024 | 8:29 pm

LTRX

Lantronix (LTRX) reported Q3 2024 adjusted EPS of $0.11, surpassing the $0.10 estimate, with sales of $41.183M exceeding the $40.220M forecast. This represents an 83.33% increase in earnings and a 24.93% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:28 pm

EG

Everest Group (NYSE:EG) reported Q1 2024 adjusted EPS of $16.87, surpassing the $16.01 estimate, with sales of $4.13B also beating the $3.92B estimate. This represents a 33.32% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:26 pm

NXPI

NXP Semiconductors' shares surged following the announcement of their Q1 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:26 pm

LGCL

Lucas (LGCL) reported a significant increase in its FY23 financial performance, with revenues reaching $208M, up 92.3% YoY. Gross margin improved slightly to 28.4%, and net income saw a substantial rise of 115% to $11M compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:26 pm

PKOH

Park-Ohio Holdings (PKOH) reported Q1 2024 adjusted EPS of $0.85, surpassing the $0.79 estimate, representing an 18.06% increase from the previous year. However, sales of $417.6M fell short of the $436.75M estimate, marking a 1.39% decrease from the prior year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:25 pm

WELL

Welltower has updated its FY24 normalized FFO guidance from the previous range of $3.95-$4.10 to a new range of $4.02-$4.15, compared to the analyst estimate of $4.05.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:25 pm

ON

ON Semiconductor Corp (NASDAQ:ON) saw its stock rise over 4% after reporting Q1 earnings that beat expectations, with a 3.85% EPS surprise and a 0.70% revenue surprise. Despite a cautious Q2 outlook with expected revenue decline due to market weakness and soft China orders, JPMorgan analyst Harlan Sur remains bullish, setting a December 2024 price target of $85, indicating a 25% upside. Sur's optimism is based on the company's resilience and potential for growth in the second half of the year, particularly in its silicon semiconductor and silicon carbide businesses.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 8:24 pm

RBOT

Vicarious Surgical (NYSE:RBOT) reported Q1 2024 adjusted EPS losses of $(0.09), surpassing the consensus estimate of $(0.10) by 10%. This represents a 47.06% improvement over the $(0.17) per share losses from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:24 pm