Streetbeat News

Earnings

GILT

Gilat Satellite Networks Ltd (NASDAQ:GILT) reported a 4% year-on-year revenue growth for Q4 fiscal 2023, reaching $75.61 million but missing the consensus estimate of $75.99 million. Adjusted EPS was $0.11, beating the consensus of $0.07. The company concluded the acquisition of DataPath, aiming for long-term growth in the defense sector. Gilat expects FY24 revenue of $305 million-$325 million, above the consensus of $291.62 million. GILT shares were down 1.26% to $6.25 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 1:11 pm

STRL

Sterling Infrastructure has been awarded a $155 million contract for a runway extension at Lihue Airport in Kauai, Hawaii. This contract will be included in the company's first quarter 2024 backlog.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:11 pm

LUNR

MAR

SF

TTD

Insiders at Intuitive Machines, The Trade Desk, Marriott International, and Stifel Financial have recently sold significant amounts of shares. These sales could indicate various strategic or personal reasons. Notably, Intuitive Machines' lunar rover landed on the Moon, The Trade Desk reported strong Q4 revenue, Marriott International announced mixed Q4 results, and Stifel Financial shared January 2024 operating data.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:11 pm

AGTI

Agiliti Inc. (NYSE:AGTI) is set to go private in a deal with THL Partners, valuing the company at approximately $2.5 billion. Shareholders will receive $10 per share in cash, a significant premium over recent average prices. The deal, recommended by a special committee and approved by the board, is expected to close in the first half of 2024. Agiliti will not host a Q4 and full year 2023 earnings call but will file its annual report by March 15, 2024.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 1:10 pm

COGT

Cogent Biosciences (NASDAQ:COGT) reported a Q4 EPS loss of $(0.63), marking a 12.5% increase in losses compared to $(0.56) per share from the same period last year.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 1:08 pm

DPZ

Domino's Pizza's stock is trading higher following the announcement of better-than-expected fourth-quarter earnings per share (EPS), an increase in its dividend, and the authorization of an additional stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:04 pm

KRYS

Krystal Biotech anticipates its non-GAAP research and development (R&D) and selling, general, and administrative (SG&A) expenses for fiscal year 2024 to be between $150 million and $175 million.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:03 pm

ICCM

An independent study using IceCure Medical's ProSense treatment reported a 100% tumor reduction in early-stage breast cancer patients deemed inoperable. Conducted in Italy, the study showed complete tumor size reduction at 6 and 12 months post-cryoablation. IceCure Medical Ltd. (NASDAQ:ICCM) shares spiked following the announcement. The ProSense system, which uses cryoablation technology to destroy tumors by freezing, is highlighted for its minimally invasive approach and effectiveness in treating patients who cannot undergo surgery.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:03 pm

LINC

Lincoln Educational Services projects its 2024 revenue to be between $410M and $420M, surpassing the estimated $382.92M.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:02 pm

LINC

Lincoln Educational Services (LINC) reported Q4 2023 GAAP EPS of $0.22, missing the $0.28 estimate, but sales of $102.50M exceeded the $96.20M estimate, marking an 11.68% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:01 pm