Streetbeat News

Earnings

CRGX

Cargo Therapeutics (NASDAQ:CRGX) reported a Q4 2023 GAAP EPS of $(1.49), missing the consensus estimate of $(1.44) by 3.47%.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:13 pm

FDX

FedEx has updated its FY24 EPS guidance to $17.25-$18.25, with permanent cost reductions from the DRIVE transformation program amounting to $1.8 billion. The company expects a low-single-digit percentage decline in revenue year over year but has improved its earnings forecast before MTM retirement plans accounting adjustments. Capital spending is now projected at $5.4 billion, down from $5.7 billion, focusing on efficiency improvements. These forecasts are based on current economic and fuel price expectations, planned stock repurchases, and no new adverse geopolitical developments.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:12 pm

WS

Worthington Steel (NYSE:WS) reported Q3 adjusted earnings of $0.99 per share, surpassing the consensus estimate of $0.84. Sales reached $805.80 million, exceeding the forecast of $700.50 million.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:12 pm

SNTI

Senti Biosciences reported a Q4 2023 GAAP EPS loss of $(0.42), missing the consensus estimate of $(0.28) by 50%.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:11 pm

LULU

lululemon Athletica's stock is trading lower following the company's announcement of Q1 guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:10 pm

SCHL

Scholastic (NASDAQ:SCHL) reported its Q3 earnings on March 21, 2024, missing estimated earnings by 0.0% with an EPS of $-0.8. Revenue decreased by $1.20 million from the previous year. Following a miss in EPS last quarter, SCHL's share price dropped by 12.0% the next day.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:10 pm

HYPR

Hyperfine (NASDAQ:HYPR) reported Q4 earnings with an EPS of $-0.15, beating estimates by 17.0% against an expected $-0.18. Revenue increased by $1.26 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped by 21.0% the following day. Historical earnings show mixed performance with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:10 pm

HYPR

Hyperfine (NASDAQ:HYPR) reported Q4 earnings with a per-share loss of $0.15, beating the estimated loss of $0.18, and marking a 21.05% improvement year-over-year. However, their quarterly sales of $2.69M fell short of the $3.71M estimate, despite being an 88.62% increase from the previous year.

Portfolio Pulse from dijoy@benzinga.com

March 21, 2024 | 8:09 pm

LULU

lululemon anticipates Q1 revenue of $2.175B-$2.2B, below the $2.25B estimate, with EPS of $2.35-$2.40 versus the $2.55 estimate. For FY24, it projects revenue of $10.7B-$10.8B, surpassing the $9.61B estimate, with EPS of $14-$14.20, above the $12.46 estimate.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:09 pm

FDX

FedEx (NYSE:FDX) reported Q3 earnings of $3.86 per share, surpassing the $3.45 estimate, marking an 11.88% beat and a 13.2% increase from last year. However, their quarterly sales of $21.70 billion fell short of the $22.04 billion estimate, a 1.54% miss and a 2.12% decrease from the previous year.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 8:09 pm