Streetbeat News

Earnings

MYTE

MYT Netherlands Parent B.V. (NYSE:MYTE), known as Mytheresa, announced preliminary Q3 FY24 results with GMV between €245M-€255M and net sales of €230M-€235M, indicating a 12%-15% and 15%-18% increase respectively from the previous year. The company also expects an adjusted EBITDA margin of 3%-4% and an operating income margin of 1.5%-2.5% for Q3. For FY24, Mytheresa anticipates 8%-13% growth in GMV, net sales, and gross profit, with an adjusted EBITDA margin of 3%-5%, confirming its guidance at the lower end of these ranges.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:06 pm

LYFT

Recent analyst ratings for Lyft (NASDAQ:LYFT) show a mix of bullish to bearish sentiments, with a notable upward trend in the 12-month price target to $17.29, reflecting a 20.82% increase from the previous target. Analysts from firms like Tigress Financial, Wells Fargo, and Piper Sandler have raised their price targets and ratings, indicating a positive outlook on Lyft's performance. Despite facing challenges in market capitalization and revenue growth compared to industry peers, Lyft's financial indicators such as net margin, ROE, and ROA outperform industry averages, showcasing strong profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:01 pm

ZM

Analyst ratings for Zoom Video Communications (NASDAQ:ZM) show varied opinions, with a recent shift towards a more bullish outlook. The average 12-month price target is now $78.33, down from $87.67. Recent actions by analysts include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Zoom's financials indicate solid revenue growth and net margin, but challenges in ROE and comparison with industry peers.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:01 pm

ICU

SeaStar Medical's shares dropped following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:57 am

THCH

TH International shares are trading higher following a report of improved Q4 financial results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:55 am

INFY

Infosys shares are trading lower following the announcement of their Q4 results and the issuance of their FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:44 am

BHLB

Berkshire Hills Bancorp (BHLB) reported Q1 2024 adjusted EPS of $0.49, surpassing the $0.47 estimate, but its revenue of $88.140M fell short of the $89.010M forecast. This represents a 22.22% decrease in EPS and a 9.63% drop in revenue compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:42 am

OFG

OFG Bancorp reported Q1 earnings of $1.05 per share, surpassing the consensus estimate of $0.95 by 10.53% and marking a 9.38% increase from last year's $0.96 per share. Total core revenues reached $174.2M, exceeding last year's $164.4M.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:39 am

ALLY

Ally Financial (NYSE:ALLY) reported Q1 adjusted earnings of $0.45 per share, surpassing the $0.33 estimate, and adjusted sales of $1.99B, beating the $1.96B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:35 am

IDGT

NOK

QTUM

Nokia Corp (NYSE:NOK) reported a 20% year-on-year decline in Q1 2024 net sales to €4.67 billion, missing consensus estimates. Despite this, net profit increased to €438 million from €289 million a year ago, with EPS of $0.10 beating the consensus of $0.06. The decline in sales was attributed to weak demand in Network Infrastructure and Mobile Networks, partially offset by a significant increase in Nokia Tech sales due to new patent license agreements. Gross and operating margins improved, and the company announced a dividend of €0.04 per share. Nokia reaffirmed its FY24 outlook, expecting growth in Network Infrastructure sales and a comparable operating profit of between €2.3 billion and €2.9 billion. Nokia stock has fallen 29% over the last 12 months but traded higher by 0.90% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 11:35 am