Streetbeat News

Earnings

GOLF

Acushnet Holdings forecasts FY24 consolidated net sales to be between $2.45B and $2.50B, closely aligning with the $2.46B estimate. The company also anticipates its adjusted EBITDA to range from $385M to $405M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:17 am

IRWD

Ironwood Pharmaceuticals announced positive results from its Phase 3 STARS trial of apraglutide for Short Bowel Syndrome (SBS) with Intestinal Failure. Apraglutide met its primary endpoint, showing a significant reduction in parenteral support (PS) dependency at week 24. The drug was well-tolerated, and Ironwood plans to submit a new drug application for apraglutide as a once-weekly treatment.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:17 am

TCNNF

Trulieve Cannabis (OTC:TCNNF) reported Q4 earnings, beating estimated earnings by 25.0% with an EPS of $-0.12 versus an estimate of $-0.16. However, revenue was down $15.00 million from the same period last year. In the previous quarter, the company also beat EPS estimates which led to an 8.0% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 11:15 am

GOLF

Acushnet Holdings (GOLF) reported Q4 losses of $(0.41) per share, missing the $(0.37) estimate, with sales of $412.96M also missing the $430.13M estimate. This represents a 7.70% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:13 am

MNTX

Manitex International projects its FY24 revenues to be between $300M-$310M, aligning closely with the estimated $305.6M. The company also forecasts its adjusted EBITDA to range from $30M-$34M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:12 am

FREY

FREYR Battery (FREY) reported a Q4 adjusted EPS of $(0.13), surpassing the $(0.25) estimate, marking a significant improvement from the previous year. As of December 31, 2023, the company's cash and equivalents, including restricted cash, stood at $275.7M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:10 am

SIX

Six Flags reported a 6% year-over-year increase in Q4 attendance to 4.3 million, with total guest spending per capita slightly down by 1% to $64.19. Total revenue for the quarter rose by 5% to $293 million, while the company experienced a net loss of $22 million, contrasting with a net income of $10 million in the same period last year. Adjusted EBITDA remained nearly flat.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:10 am

MPLN

MultiPlan projects its FY24 revenues to be between $1.00 billion and $1.03 billion, aligning closely with the estimated $1.01 billion. The company also forecasts its adjusted EBITDA to range from $630 million to $650 million.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:10 am

TWI

Titan International has announced that it will not provide financial guidance at this time due to the extensive integration work required and the addition of new end markets.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:09 am

DOLE

Dole reported Q4 adjusted EPS of $0.16, surpassing the $0.07 estimate, marking a 128.57% beat and a 77.78% increase from last year's $0.09. However, their Q4 sales of $2.07B fell short of the $2.17B estimate, a 4.52% miss and a 12.05% decrease from the previous year's $2.36B.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:09 am