Streetbeat News

Earnings

BLDE

Blade Air Mobility projects its FY24 revenue to be between $240M-$250M, which is below the estimated $257.19M. Additionally, the company anticipates double-digit YoY revenue growth and double-digit Adjusted EBITDA for FY25.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:18 am

BLDE

Blade Air Mobility reported Q4 sales of $47.48M, missing the consensus estimate of $48.40M by 1.90%, but marking a 24.50% increase from the same period last year. The company also reported a net loss of $(33.94)M.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:15 am

KSS

Kohl's reported a 4.3% decrease in Q4 comparable sales, indicating a potential challenge in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:15 am

ADM

Archer-Daniels-Midland (ADM) projects its 2024 adjusted EPS to be between $5.25 and $6.25, which is an 18% decrease from 2023, due to moderating margin conditions and higher costs despite improved volumes.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:15 am

KSS

Kohl's projects a net sales growth of (-1%)-1% for 2024, with comparable sales expected to grow between 0%-2%. The EPS is forecasted to be between $2.10-$2.70, excluding non-recurring charges. This outlook accounts for the potential impact from credit card late fee regulatory changes in H2 2024. Kohl's plans to invest approximately $500 million in capital expenditures, including expanding its Sephora partnership. Additionally, a quarterly dividend of $0.50 per share has been declared, payable on April 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:11 am

JBLU

JetBlue has updated its Q1 forecasts, showing improvements in ASMs and YoY revenue projections, but expects higher fuel prices. ASMs are now expected to be between -4% and -3%, better than the previous estimate of -6% to -3%. Fuel price per gallon is forecasted to be between $2.93 and $3.03, slightly higher than the prior estimate of $2.87 to $3.02. Year-over-year revenue is anticipated to decline by 7.5% to 4.5%, an improvement from the earlier forecast of a 9% to 5% decrease.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:10 am

NOTE

FiscalNote Holdings (NYSE:NOTE) reported Q4 earnings with a loss of $(0.39) per share, missing the $(0.15) estimate by 160%, and a 21.88% decrease from last year. Sales were $34.27M, missing the $34.53M estimate by 0.77%, but marking an 8.95% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:09 am

REFI

Chicago Atlantic Real (NASDAQ:REFI) reported Q4 2023 adjusted EPS of $0.54, surpassing the $0.51 estimate, but missed sales estimates with $14.839M against the expected $16.087M. This represents a slight sales increase of 0.51% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:05 am

ADM

Archer-Daniels Midland (ADM) reported Q4 adjusted earnings per share of $1.36, missing the consensus estimate of $1.43 by 4.9%. This represents a 29.53% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:05 am

BTAI

BioXcel Therapeutics reported its cash and cash equivalents at $65.2M, expected to sustain operations through mid-2024. This financial position may influence investor confidence and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:04 am