Streetbeat News

Earnings

LW

Lamb Weston projects Q4 net sales to be between $1.69B-$1.75B, below the estimated $1.841B. The company anticipates Adjusted EBITDA of $350M-$375M, with earnings growth driven by higher net sales and Adjusted Gross Profit, despite Adjusted SG&A costs of $190M-$195M.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:50 pm

LW

Lamb Weston has revised its FY24 financial forecasts, lowering its net sales target from $6.8B-$7.0B to $6.54B-$6.60B, below the estimated $6.883B. Additionally, the adjusted EPS outlook has been reduced from $5.70-$6.15 to $5.50-$5.65, compared to the estimated $6.01.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:48 pm

GBX

Greenbrier Companies, Inc. (NYSE:GBX) is set to release its Q2 earnings on April 5, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company, known for its dividend yield of 2.20%, has been highlighted for its potential to generate significant dividend income for investors. The article also explains how the dividend yield can fluctuate with changes in stock price and dividend payments. Recently, GBX shares saw a 6% increase, closing at $54.48.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 12:45 pm

RIVN

Rivian Automotive, under CEO RJ Scaringe, announced the production of its 100,000th vehicle, a significant milestone. Despite increased vehicle deliveries in Q1 2024 compared to Q1 2023, Rivian continues to face losses with each vehicle produced. The company aims for a positive gross profit by Q4 2024 and introduced a second-generation EV, the R2 SUV, to compete with Tesla's Model Y. Rivian's stock has seen a decline of over 50% year-to-date.

Portfolio Pulse from Anan Ashraf

April 04, 2024 | 12:45 pm

LW

Lamb Weston has lowered its FY24 sales and earnings guidance due to the impact of its ERP transition and a softening in near-term restaurant traffic trends. This adjustment reflects challenges in operational efficiency and market demand.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:42 pm

LW

Lamb Weston Holdings (LW) reported Q3 adjusted EPS of $1.20, missing the $1.45 estimate, and sales of $1.46B, below the $1.65B estimate. This represents a 17.24% miss on EPS and an 11.64% miss on sales estimates, with a year-over-year earnings decrease of 16.08% and a sales increase of 16.27%.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:41 pm

CADL

STAA

TVGN

Tevogen Bio appoints Tapan V Shah as Head of Investor Relations and Corporate Development, leading to a 101% stock increase. Candel Therapeutics reports positive interim data from a Phase 2 trial of CAN-2409, causing a 62% stock surge. STAAR Surgical shares rise by 11% after issuing strong preliminary Q1 net sales guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

April 04, 2024 | 12:33 pm

VLD

Velo3D, Inc. (VLD) announced receiving orders totaling $27M since mid-December 2023, including a significant purchase by Mears Machine for 2 Sapphire XC systems for defense and aerospace parts. The company's backlog reached $23M, with deliveries starting Q2 2024. Preliminary Q1 2024 estimates include revenue of $6-$11M, gross margin of (25)-10%, and operating expenses of $13-$18M. These results reflect strong customer confidence and a successful market strategy, particularly in the defense and space sectors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:32 pm

GRRR

Gorilla Technology Group's shares surged following the announcement of an increase in FY23 sales results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:24 pm

SMG

ScottsMiracle-Gro's stock price increased following the company's announcement of a Q2 net leverage ratio forecast.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:24 pm