Streetbeat News

Earnings

SPCE

Virgin Galactic anticipates Q1'2024 revenue to be around $2M, falling short of the estimated $4.08M. The company expects a free cash flow between $(125) million to $(135) million for the same period. It also announced the 'Galactic 07' spaceflight mission for Q2'2024, the opening of a spaceship factory in Arizona by mid-2024, and confirmed that the production schedule for Delta Class spaceships, aimed for revenue service in 2026, is on track.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:38 pm

MASI

Masimo Corporation projects its FY24 adjusted EPS to be between $3.44 and $3.60, surpassing the estimated $3.32. The company also forecasts revenue to range from $2.045 billion to $2.165 billion, which brackets the $2.103 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:37 pm

MASI

Masimo Corporation projects its Q1 2024 adjusted EPS to be between $0.67 and $0.74, compared to the estimated $0.73. The company also forecasts revenue to range from $476M to $501M, which is below the estimated $514.380M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:36 pm

TMST

TimkenSteel (NYSE:TMST) reported Q4 2023 adjusted EPS of $0.36, surpassing the $0.27 estimate, and sales of $328.10M, exceeding the $326.97M estimate. This represents a significant improvement from the previous year, with a 460% increase in EPS and a 33.70% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:36 pm

ARRY

Array Technologies forecasts its FY24 revenue to be between $1.25B and $1.4B, which is below the estimated $1.86B. Additionally, its adjusted EPS is expected to be between $1.00 and $1.15, also lower than the estimated $1.27.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:36 pm

SSTI

SoundThinking (SSTI) has provided revenue guidance for FY24, projecting revenues to be between $104M and $106M, with an estimated midpoint of $105.388M. Additionally, the company anticipates Adjusted EBITDA margins to range from 18% to 20% for the full year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:35 pm

FSLR

First Solar, Inc. (NASDAQ:FSLR) reported Q4 earnings of $3.25 per share, beating estimates by 2.2%, but missed revenue expectations with $1.16 billion against a $1.32 billion forecast. The company saw a cash increase to $1.6 billion, attributed to operating cash flows and capital expenditures for capacity expansions. CEO Mark Widmar highlighted significant growth and investments in 2023. For 2024, First Solar projects EPS between $13 and $14 and net sales between $4.4 billion and $4.6 billion. After the report, FSLR shares rose 5.21% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 10:34 pm

MASI

Masimo (NASDAQ:MASI) reported Q4 2023 adjusted EPS of $1.25, surpassing the $0.87 estimate, with sales of $548.90M also beating the $545.73M estimate. However, this represents an 11.04% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:33 pm

ASTH

Astrana Health projects its FY24 earnings per share (EPS) to be between $1.28 and $1.52, with revenue forecasts ranging from $1.650 billion to $1.850 billion.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:32 pm

PGNY

Progyny forecasts Q1 revenue to be between $285M-$292M, below the estimated $312.64M, but expects adjusted EPS of $0.33-$0.35, above the estimated $0.18.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:31 pm