Streetbeat News

Earnings

PRAX

Praxis Precision Medicines, Inc. (NASDAQ:PRAX) announced successful Phase 2a study results for PRAX-628, showing a 100% response rate in treating epilepsy patients with Photo Paroxysmal Response (PPR). The study's positive outcome highlights PRAX-628's potential as an effective anti-seizure medication.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:32 am

MKC

McCormick & Co (NYSE:MKC) reported Q1 adjusted EPS of $0.63, surpassing the $0.58 estimate, and sales of $1.60B, exceeding the $1.56B estimate. This represents a 6.78% increase in earnings and a 2.33% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:31 am

FLUT

Flutter Entertainment Plc (NYSE:FLUT) shares are up in premarket trading after reporting a 24.6% year-over-year revenue increase to $11.79 billion for FY23. Adjusted EBITDA rose 45.4% to $1.874 billion, with a margin expansion of 230 basis points to 15.9%. The company's strong performance was attributed to its leading position in the US, product innovation, and strong UKI performance. Flutter introduced FY24 guidance with expected revenue growth of 17.5% and adjusted EBITDA growth of 30.2%. FLUT stock has risen over 26% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 10:28 am

FLUT

Flutter Entertainment projects a 17.5% increase in FY24 group revenue and a 30.2% rise in adjusted EBITDA at the midpoint, indicating strong future financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:27 am

FLUT

Flutter Entertainment announced its FY23 revenue of $11.79 billion, marking a 24.6% increase year-over-year. Adjusted earnings per share also rose by 25.8% to $3.51.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:23 am

GYRE

Gyre Therapeutics reported its 2023 financial results, including a revenue of $113.5M, adjusted net income of $25.4M, and a cash balance of $33.5M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:07 am

WDH

Waterdrop (NYSE:WDH) reported Q4 adjusted EPS of $0.03, surpassing the $0.01 estimate, but its sales of $92.87M fell short of the $94.55M estimate. This represents a 50% decrease in EPS and a 5.73% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:04 am

UPS

UPS has outlined its financial targets for 2026, projecting consolidated revenue between $108 billion and $114 billion, with an adjusted operating margin above 13%. The company anticipates an adjusted operating margin of at least 12% for its U.S. Domestic Package segment, between 18% and 19% for the International Package segment, and around 12% for the Supply Chain Solutions segment. Additionally, UPS expects to generate free cash flow of $17 billion to $18 billion and plans capital spending of approximately 5.5% of total revenue from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:04 am

ESLT

Elbit Systems Ltd. (NASDAQ:ESLT) reported a Q4 FY23 revenue of $1.625 billion, surpassing the consensus of $1.525 billion, with significant order backlog and segment growth, despite a decline in profit margins and operating cash flows. Adjusted EPS was $1.56, above the consensus of $1.38. The company announced a dividend of $0.50 per share and expects non-cash expenses of $52 million due to the closure of an underperforming subsidiary.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 9:47 am

ZH

Zhihu shares are trading higher following the announcement of better-than-expected Q4 revenue.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 9:43 am