Streetbeat News

Earnings

TXRH

Texas Roadhouse has reiterated its forecast for total capital expenditures in fiscal year 2024, estimating them to be between $340 million and $350 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:41 pm

ALRN

Aileron Therapeutics, Inc. (NASDAQ:ALRN) is hosting a virtual event to discuss LTI-03, its lead product candidate for treating Idiopathic Pulmonary Fibrosis (IPF), with pulmonary care experts. LTI-03, a novel Caveolin-1-related peptide, targets alveolar epithelial cell survival and inhibits profibrotic signaling, offering a potential new treatment option for IPF. The company expects to announce Phase 1b study topline data in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:40 pm

PRLD

Prelude Therapeutics (PRLD) reported its FY23 financial results, showing an EPS of $(2.02) compared to $(2.44) YoY. The company has a cash runway into 2026 with $232.9M in cash and equivalents. Key 2024 objectives include advancing its SMARCA2 degrader and CDK9 inhibitor, with expected proof-of-concept data. A partnership with AbCellera aims to develop precision ADCs. R&D expenses increased to $103.4M, while G&A expenses decreased to $28.9M. The net loss was $121.8M or $2.02 per share.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:40 pm

TTD

Trade Desk has projected its Q1 revenue to be at least $478 million, surpassing the estimated $451.87 million, with an expected Adjusted EBITDA of around $130 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:39 pm

WEST

Westrock Coffee anticipates its consolidated Adjusted EBITDA for fiscal 2024 to range between $60M-$80M, influenced by the start of operations at its new facility in Conway, Arkansas, and customer commercialization there. The company highlights the broad guidance range due to uncertainties in operational outcomes and external factors. It also notes the inability to provide a detailed reconciliation to GAAP net income due to unpredictable non-cash gains or losses.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:38 pm

WEST

Westrock Coffee Company (NASDAQ:WEST) announced several business developments including the expansion of its Extract and RTD facility in Conway, Arkansas, a joint venture with Select Milk Producers for a new facility in Texas, and the issuance of $72 million in convertible senior unsecured notes to fund these expansions. The company also provided an update on its FY23 preliminary results, expecting Adjusted EBITDA to be near the lower end of its $45M-$50M guidance range, and shared its initial outlook for 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:38 pm

SKT

Tanger Factory Outlet Centers Inc. (SKT) has provided its forecast for fiscal year 2024 core Funds From Operations (FFO) to be in the range of $2.01 to $2.09 per share, compared to the analyst estimate of $2.03 per share.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:38 pm

TTD

The Trade Desk, Inc. (NASDAQ:TTD) reported mixed Q4 results with earnings per share of 41 cents, missing estimates by 4.65%, but surpassed sales expectations with $605.8 million, a 23.45% increase year over year. The company also announced an additional $647 million for its share repurchase program and provided a positive outlook for Q1 with expected revenue of at least $478 million. Following the announcement, TTD shares surged 18.8% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 9:38 pm

TSLX

Sixth Street Specialty (NYSE:TSLX) reported Q4 earnings, beating estimates with an EPS of $0.62 against the expected $0.58 and seeing a revenue increase of $11.63 million year-over-year. This follows a pattern of beating EPS estimates in previous quarters, which has positively impacted its share price.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:35 pm

IR

Ingersoll Rand (NYSE:IR) reported Q4 earnings, beating estimates with an EPS of $0.86 against the expected $0.77, an 11.69% increase. Revenue rose by $197M from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase the following day, as seen in the last quarter with a 5.81% rise.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:35 pm