Streetbeat News

Earnings

KRT

Karat Packaging anticipates its net sales for the first quarter of 2024 to rise by a low to mid-single digit percentage compared to the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:46 pm

BRLT

Brilliant Earth Group projects its Q1 2024 net sales to be between $96.5M and $98.5M, which is below the estimated $99.886M.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:46 pm

RDUS

Radius Recycling forecasts a Q2 adjusted EPS from continuing operations between $(1.05) and $(1.10), significantly below the estimated $(0.38). The company expects a net loss of approximately $(35) million, with a loss per share from continuing operations ranging from $(1.19) to $(1.24), and an adjusted EBITDA of about $2 million.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:46 pm

MCHX

Marchex, identified by its stock symbol MCHX, has announced that its revenue for Q1 is expected to be slightly lower than the revenue figures reported in Q4. This announcement could influence investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:46 pm

BLND

Blend Labs (NYSE:BLND) reported Q4 earnings with losses of $(0.09) per share, meeting analyst estimates, but sales of $36.10M missed the $36.93M estimate. This represents a 57.14% improvement in losses and a 15.62% decrease in sales year-over-year.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 8:45 pm

ULTA

Ulta Beauty Inc (NASDAQ:ULTA) reported Q4 earnings with a 10.2% revenue increase to $3.55 billion, surpassing estimates. Earnings per share were $8.08, beating the $7.53 forecast. The company has exceeded analyst expectations for 13 consecutive quarters. Comparable sales rose by 2.5%, with a notable increase in transactions. Operating income grew by 15.5% to $517.1 million. Ulta added 13 new stores, ending the quarter with $766.6 million in cash and repurchased $159.5 million of its stock. A new $2 billion share repurchase program was announced. For FY 2024, Ulta expects revenue between $11.7 billion and $11.8 billion, and earnings per share between $26.20 and $27, both above estimates. Despite the positive report, ULTA shares dropped 5.25% after hours.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 8:45 pm

BW

Babcock & Wilcox (NYSE:BW) reported Q4 earnings with an EPS of $-0.22, missing estimates by -633.0% and a revenue decrease of $22.7 million from the previous year. The company's share price dropped 55% the day after last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 8:45 pm

CDLX

Cardlytics forecasts Q1 revenue to be between $70M-$73M, surpassing the estimated $66.46M.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:45 pm

PXS

Pyxis Tankers (NASDAQ:PXS) reported Q4 earnings with an EPS of $0.38, beating estimates by 52.0% but with a revenue decrease of $5.13 million from the previous year. Despite outperforming EPS estimates in past quarters, such performance has previously led to a 4.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 8:45 pm

AMPS

Altus Power projects its FY24 revenue to be in the range of $200M-$222M, which is below the estimated $224.877M.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:44 pm