Streetbeat News

Earnings

KVHI

KVH Industries projects its 2024 revenue to be between $125M-$135M, aligning with an estimated $129.15M. The company also forecasts an adjusted EBITDA ranging from $11M to $17M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:06 am

DM

Desktop Metal (NYSE:DM) reported Q4 sales of $52.30M, surpassing the $50.83M estimate, but saw a 13.64% decrease from last year's $60.56M. The adjusted net loss was $(10.9)M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:04 am

KVHI

KVH Industries (NASDAQ:KVHI) reported Q4 sales of $31.45 million, missing the analyst consensus estimate of $32.32 million by 2.68%. This represents a 12.64% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:02 am

SMLP

Summit Midstream Partners (SMLP) reported a Q4 EPS loss of $(2.12), an improvement from last year's $(3.03) loss. Sales reached $127.32M, surpassing the $100.60M estimate and marking a 48.52% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:02 am

ZDGE

Zedge reported its Q2 earnings with an adjusted EPS of $0.04, down from $0.06 YoY. However, sales increased to $7.80M from $6.98M YoY, marking an 11.70% increase.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:55 am

BKE

Buckle (NYSE:BKE) reported Q4 2024 earnings of $1.59 per share, surpassing the $1.44 estimate by 10.42%. However, their sales of $382.4M fell short of the $383.634M estimate by 0.32%.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:52 am

BKE

Buckle (NYSE:BKE) reported Q4 2024 earnings of $1.60 per share, surpassing the consensus estimate of $1.44 by 11.11%. However, their quarterly sales of $382.4M slightly missed the estimate of $383.634M by 0.32%.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:51 am

MRK

Merck announced that its Phase 3 KEYNOTE-A18 trial of Keytruda, in combination with chemoradiotherapy, met its primary endpoint of overall survival in newly diagnosed patients with high-risk locally advanced cervical cancer.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:47 am

EH

KOMP

VWO

EHang Holdings Ltd (EH) reported a significant revenue increase of 260.9% Y/Y in Q4 fiscal 2023, reaching RMB56.6 million ($7.97 million), surpassing the consensus of $7.83 million. The company's adjusted loss per ADS improved to $(0.04), beating the consensus loss of $(0.10). Despite a decline in gross margin to 64.7%, EHang's stock price rose post-announcement. The company also reported positive cash flow from operations and expects a 160% Y/Y revenue increase in Q1. EHang is included in SPDR S&P Kensho New Economies Composite ETF (KOMP) and Vanguard FTSE Emerging Markets ETF (VWO).

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 10:36 am

HIBB

Hibbett, a sporting goods retailer, forecasts its fiscal year 2025 sales to range from flat to a 2% increase, with earnings per share (EPS) projected to be between $8.00 and $8.75, compared to the estimated $8.82.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:34 am