Streetbeat News

Earnings

QGEN

QIAGEN projects its FY24 EPS to be at least $2.10 CER, below the estimated $2.20 CER, with revenues expected to reach at least $2.0 billion CER, slightly under the $2.06 billion CER estimate. The company anticipates at least 2% CER growth in net sales, driven by consumables and related revenues, despite challenges in larger-scale instrument sales and about one percentage point of COVID-19 sales headwinds. Adjusted operating income margin is expected to improve by at least one percentage point to above 28%, with significant pressure on non-operating income due to lower interest income and a higher tax rate.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:23 pm

REXR

Rexford Industrial projects its FY24 Core FFO to be between $2.27 and $2.30, which is below the estimated $2.46.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:23 pm

CMG

Chipotle Mexican Grill's shares surged following the announcement of impressive Q4 financial results, future guidance, and a share repurchase program valued at up to $200 million.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:23 pm

AIZ

Assurant expects its adjusted EBITDA, excluding reportable catastrophes, to increase by mid-single-digits. This growth is anticipated to be driven equally by both its Global Lifestyle and Global Housing segments.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:22 pm

ACT

Enact Holdings (NASDAQ:ACT) reported Q4 earnings of $0.98 per share, surpassing the $0.92 estimate, marking an 8.89% increase from last year. However, their Q4 sales of $296.19M fell short of the $299.81M estimate, despite being a 6.99% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:22 pm

LSAK

Lesaka Technologies (NASDAQ:LSAK) reported Q2 adjusted EPS of $0.01, surpassing the $(0.03) estimate, marking a 200% increase from last year's losses. However, their sales of $143.89M fell short of the $144.47M estimate, despite being a 5.75% increase from the previous year.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 9:21 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) reported a Q4 revenue decrease of 6.1% year-over-year to $124.5 million, missing the consensus estimate of $132.9 million. Adjusted earnings were $5.62 per share. The company saw declines in product licenses, subscription services, and other revenues. It raised approximately $1.2 billion from at-the-market offerings, ending the quarter with $46.8 million in cash. MicroStrategy increased its Bitcoin holdings to 189,150 at an average cost of $31,224 per coin. Shares were down 0.62% after hours.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 9:21 pm

DHT

DHT Holdings reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.23, and adjusted net revenues of $94.52M, missing the $102.22M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:21 pm

ESS

Essex Property Trust projects its 2024 Core FFO per share to range between $14.76 and $15.30, closely aligning with the estimated $15.27. For Q1, the expected Core FFO per share is between $3.68 and $3.80, which is in line with the estimated $3.75.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:21 pm

VOYA

Voya Financial (NYSE:VOYA) reported Q4 adjusted EPS of $1.63, missing the $1.87 estimate, a 25.23% decrease from last year's $2.18. However, their sales of $1.82B exceeded the $1.72B estimate, marking a 17.28% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 06, 2024 | 9:20 pm