Streetbeat News

Earnings

KTCC

Key Tronic Corporation (KTCC) anticipates Q4 2024 earnings per share (EPS) to be between $0.00 and $0.10, with revenue projections ranging from $135 million to $145 million. The company's financial estimates for Q3 and Q4 of fiscal 2024 are pending finalization, subject to quarterly close and review procedures. KTCC plans to announce complete Q3 2024 results and host an earnings call on May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:43 pm

KTCC

Key Tronic Corporation (NASDAQ:KTCC) announced preliminary Q3 EPS of $(0.18)-$(0.23) with revenue around $140M, below expectations due to severance costs of ~$3.7M from reducing its workforce by over 450 employees in Mexico. The company cited softening demand and expects annual savings of over $10M from the layoffs. Additionally, production was impacted by severe weather in Mississippi and Arkansas, and expenses increased due to the strengthening of the Mexican Peso.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:43 pm

KLAC

KLA announced its Q4 revenue expectation to be around $2.50 billion, plus or minus $125 million, surpassing the estimated $2.417 billion. Additionally, the adjusted EPS is forecasted to be $6.07, plus or minus $0.60, exceeding the estimated $5.68.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:42 pm

SNAP

Snap Inc. (NASDAQ:SNAP) shares surged after reporting Q1 earnings that exceeded expectations with earnings of 3 cents per share against an expected loss of 5 cents, and sales of $1.195 billion, surpassing estimates by 6.74%. The company also reported a 10% year-over-year increase in daily active users to 422 million and provided Q2 revenue guidance between $1.225 billion and $1.255 billion, above the analyst estimate of $1.14 billion.

Portfolio Pulse from Erica Kollmann

April 25, 2024 | 8:42 pm

GTY

Getty Realty has reaffirmed its 2024 Adjusted Funds From Operations (AFFO) guidance range of $2.29 to $2.31, indicating confidence in its financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:42 pm

KNSL

Kinsale Capital Group (KNSL) reported Q1 2024 adjusted EPS of $3.50, surpassing the $3.34 estimate, and sales of $372.791M, exceeding the $353.570M estimate. This represents a 43.44% increase in earnings and a 45.09% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:42 pm

ACCD

Accolade provided its Q1 revenue forecast to be between $103M-$106M, which is below the estimated $110.86M. However, for FY24, Accolade projects its revenue to be between $480M-$500M, surpassing the estimated $413.5M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:42 pm

EXPO

Exponent shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:41 pm

EXPO

Exponent (NASDAQ:EXPO) reported Q1 2024 earnings of $0.59 per share, surpassing the $0.47 estimate, a 25.53% beat. Sales reached $144.933M, exceeding the $125.979M forecast by 15.05%. These figures represent a 5.36% increase in EPS and a 3.30% rise in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:41 pm

SPSC

SPS Commerce (NASDAQ:SPSC) reported Q1 2024 earnings of $0.86 per share, surpassing the consensus estimate of $0.74 by 16.22%. Quarterly sales reached $149.576M, exceeding estimates of $146.564M by 2.05% and marking an 18.84% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:40 pm