Streetbeat News

Earnings

BIRK

Birkenstock has reiterated its medium to long-term profitability objectives, aiming for a gross profit margin of approximately 60% and an adjusted EBITDA margin over 30%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:39 am

BIRK

Birkenstock has confirmed its FY24 guidance, projecting a 20% revenue growth in constant currency and an adjusted EBITDA margin of 30-30.5%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:38 am

AFRM

BCDA

BIG

Affirm Holdings, Inc. (AFRM) shares surged 18% in pre-market trading due to better-than-expected Q4 earnings and positive Q1 guidance. Other notable pre-market movers include BioCardia, Inc. (BCDA) with a 109.5% gain after FDA clearance, and Big Lots, Inc. (BIG) with a 30.5% decline amid bankruptcy concerns.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 9:37 am

BIRK

Birkenstock Holding reported its Q3 financial results, missing both earnings and sales estimates. The company posted an adjusted EPS of $0.53, below the expected $0.58, and sales of $608.02 million, missing the $631.72 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:35 am

AMD

ARM

AVGO

MRVL

MU

NVDA

SMCI

SOXX

TSM

Nvidia's stock fell nearly 5% in premarket trading despite reporting better-than-expected earnings and revenue, as well as announcing a $50 billion stock buyback. The decline in Nvidia's stock affected other semiconductor stocks and ETFs, including AMD, Super Micro, TSM, Micron, Broadcom, Marvell, Arm, and the iShares Semiconductor ETF.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 9:11 am

JG

Aurora Mobile reported its Q2 adjusted EPS at $(0.00), showing an improvement from $(0.20) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 7:37 am

JG

Aurora Mobile reported Q2 sales of $10.93 million, surpassing the estimated $10.72 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 7:32 am

CRM

Salesforce (CRM) shares rose over 4% in after-hours trading following a strong quarterly performance. CEO Marc Benioff highlighted the company's growth and future potential, while Jim Cramer praised the 'real deal acceleration.' Piper Sandler raised its price target but maintained a Neutral rating due to macro uncertainties and a pending CFO departure.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 7:25 am

CASH

Pathward has divested its commercial insurance premium finance business to AFS IBEX for $648.3 million. The transaction is expected to be neutral to fiscal 2024 net income but accretive in the future as capital is redeployed.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 7:01 am

ENLC

OKE

ONEOK is set to acquire Medallion and a majority stake in EnLink for $5.9 billion, enhancing its Permian Basin platform. The deal is expected to immediately boost EPS and FCF, provide synergies, and maintain strong credit ratings. ONEOK plans a tax-free acquisition of EnLink's publicly held interests post-transaction.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:46 am