Streetbeat News

Earnings

NPWR

NET Power Inc. (NYSE:NPWR) reported its Q4 and year-end 2023 results, highlighting significant progress in its projects and strategic partnerships. The company ended 2023 with approximately $637M in cash and short-term investments, with no debt. Key developments include advancing the Project Permian in West Texas, signing agreements with Baker Hughes and Lummus Technology, and planning for equipment validation campaigns. NET Power also completed a business combination with Rice Acquisition Corp. II, becoming publicly listed on the NYSE in June 2023.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:11 pm

CVGW

Calavo Growers (CVGW) reported a Q1 adjusted EPS of $(0.01), missing the $0.17 estimate, and sales of $127.61M, falling short of the $252.67M estimate.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:11 pm

CTMX

CytomX Therapeutics (NASDAQ:CTMX) reported Q4 earnings with a significant beat on estimated earnings, posting an EPS of $0.01 against an estimate of -$0.03. Revenue increased by $25.66 million from the same period last year. Despite beating EPS estimates in the past, such as a $0.23 beat in Q3 2023, the share price dropped by 2.0% the following day.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:10 pm

TKNO

Alpha Teknova (NASDAQ:TKNO) reported Q4 earnings with an EPS of $-0.26, missing estimates by -8.0% and a revenue decrease of $24 thousand from the previous year. The company has a history of missing EPS estimates, which previously led to a 3.0% share price drop.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:10 pm

TKNO

Alpha Teknova (NASDAQ:TKNO) reported Q4 2023 earnings with a GAAP EPS of $(0.26), missing the $(0.21) estimate, and sales of $7.867M, below the $8.325M estimate. This represents a 0.30% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:09 pm

BWMN

Bowman Consulting Group projects its FY24 net service billing to be between $363M and $378M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:08 pm

MTN

Vail Resorts has revised its fiscal 2024 guidance downwards due to season-to-date underperformance, now expecting net income between $270M-$325M and Resort Reported EBITDA between $849M-$885M. The company attributes the revised outlook to improved conditions and booking trends, and the financial stability provided by advance commitment products. The guidance includes $4M in acquisition-related expenses for Crans-Montana but excludes costs related to its acquisition and integration. The outlook assumes current economic conditions, normal weather for the remaining ski seasons, and specific exchange rates for operations in Canada, Australia, and Switzerland.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:08 pm

MTN

Vail Resorts has announced a reduction in their fiscal 2024 guidance due to underperformance in the current season. However, they anticipate improved performance for the remainder of the season, with an expected shift in visitation patterns into March and April.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:07 pm

ORCL

Oracle anticipates recognizing 43% of its $80 billion Remaining Performance Obligations as revenue in the next four quarters. Its Gen2 Cloud Infrastructure business, which grew 53% in Q3, is expected to continue its hypergrowth phase.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:07 pm

BWMN

Bowman Consulting Group (BWMN) reported Q4 2023 adjusted EPS of $0.31, surpassing the $(0.07) estimate, with sales of $93M beating the $90.662M estimate, marking a 23% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:07 pm