Streetbeat News

Earnings

LNN

Lindsay Corporation (NYSE:LNN) reported Q1 earnings with an EPS of $1.36, beating estimates by 7.09% but with a revenue decline of $14.80 million year-over-year. Despite beating last quarter's EPS estimate, the share price fell by 5.69% the following day. Historical earnings show a mixed performance with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 11:55 am

RPM

RPM International has updated its FY24 sales growth forecast to low-single-digit, a decrease from its previous mid-single digits expectation. However, the company reaffirms its adjusted EBIT growth projection of low-double digits to mid-teens.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:51 am

RPM

RPM International anticipates flat year-over-year sales growth for Q3, but expects adjusted EBIT to rise by 25% to 35% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:49 am

LNN

Lindsay Corporation (NYSE: LNN) reported Q1 earnings of $1.36 per share, surpassing the consensus estimate of $1.27. However, the company experienced a 17.58% decrease in earnings compared to last year's $1.65 per share. Quarterly sales were $161.40M, falling short of the $163.43M estimate, and marking an 8.38% decrease from the previous year's $176.16M.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:49 am

RPM

RPM International reported Q2 adjusted EPS of $1.22, meeting analyst estimates, and a 10.91% increase from the previous year. However, sales of $1.79B fell short of the expected $1.84B, marking no growth from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:46 am

MKTX

MarketAxess reported a record Q4 portfolio trading volume, which saw a 36% increase, reaching $33.4 billion in municipal bonds trading volume.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:36 am

AULT

Ault Alliance's subsidiary Sentinum mined approximately 151 Bitcoin in December 2023, reaching a record monthly run rate of $6.5 million.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:33 am

CR

Crane Company (NYSE:CR) has acquired Vian Enterprises, Inc. for approximately $103 million, aiming to enhance its aerospace and defense offerings. Vian, known for its lubrication pumps and system components, reported trailing 12-month sales of $33 million and adjusted EBITDA of $8 million. The acquisition is expected to be financed through Crane's revolving credit facility and is anticipated to be immediately accretive to its Aerospace & Electronics segment EBITDA margins. Crane will discuss the acquisition further in its Q4 FY23 results on January 29, 2024. As of September 30, 2023, Crane had a cash balance of $274 million and total debt of $250 million. CR shares dropped by 2.75% to $113.70.

Portfolio Pulse from Lekha Gupta

January 04, 2024 | 11:13 am

CALM

CBRE

DYN

EVO

MTC

OPK

PSTG

RVLV

Cal-Maine Foods, Inc. reported disappointing Q2 earnings, with shares dropping 5.3% in pre-market trading. The company's earnings of 65 cents per share missed the consensus estimate of 83 cents, and sales of $523.20 million fell short of expectations. Other stocks experiencing pre-market losses include MMTec, Inc., Evotec SE, Dyne Therapeutics, Inc., CBRE Group, Inc., OPKO Health, Inc., Pure Storage, Inc., and Revolve Group, Inc. Factors contributing to these movements include various company-specific news such as public offerings, downgrades, and private offerings of convertible notes.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 10:47 am

ADAG

Adagene is set to present interim results of its anti-CTLA-4 SAFEbody ADG126 (muzastotug) in combination with Pembrolizumab for MSS CRC at the ASCO 2024 Gastrointestinal Cancers Symposium.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:03 am