Streetbeat News

Earnings

SRC

Spirit Realty Capital has projected its FY23 AFFO per share to be between $3.56 and $3.62. The company also expects its capital deployment to be in the range of $700M-$900M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:49 pm

DSP

Viant Technology (NASDAQ:DSP) reported Q2 earnings of $0.06 per share, beating the analyst consensus estimate of $0.01 by 500%. This is a 175% increase over losses of $(0.08) per share from the same period last year. The company also reported quarterly sales of $57.22 million, beating the analyst consensus estimate of $33.10 million by 72.88%. This is a 11.76% increase over sales of $51.20 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:48 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) reported worse-than-expected Q2 results, with a 30.5% YoY decrease in revenue to $102.1 million, missing the consensus estimate of $111.28 million. The company also reported a quarterly loss of 83 cents per share, missing analyst estimates for a loss of 81 cents per share. Despite lower materials costs, lower inventory reserves, and lower logistics costs per pound, higher manufacturing costs partially offset the gross profit and gross margin. The company expects full-year 2023 revenue to be between $360 million and $380 million, lower than estimates of $388.04 million.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 8:47 pm

KD

Kyndryl has raised its FY24 adjusted pretax income outlook to at least $100 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:47 pm

SWAV

Shockwave Medical has projected its FY23 revenue to be between $725M and $730M, which is higher than the estimated $716.1M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:46 pm

ZLAB

Zai Lab (NASDAQ:ZLAB) reported Q2 losses of $(1.25) per share, missing the analyst consensus estimate of $(0.74) by 68.92%. The company also reported quarterly sales of $68.86 million, missing the analyst consensus estimate of $71.40 million by 3.55%. However, this represents a 42.94% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:46 pm

BRDG

Bridge Investment Group (NYSE:BRDG) reported Q2 earnings of $0.20 per share, meeting analyst consensus. This is a 37.5% decrease from the same period last year. The company's quarterly sales of $98.80 million beat the analyst consensus estimate of $78.78 million by 25.42%, but is a 0.22% decrease from last year.

Portfolio Pulse from sunil@benzinga.com

August 07, 2023 | 8:46 pm

RAIL

FreightCar America (NASDAQ:RAIL) reported Q2 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.12) by 116.67%. However, the company's quarterly sales of $88.60 million missed the analyst consensus estimate of $95.40 million by 7.13%. This represents a 56.02% increase over sales from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 07, 2023 | 8:45 pm

KD

Kyndryl has increased its FY24 adjusted EBITDA margin outlook to approximately 14%, up from its previous projection of 12%-13%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:45 pm

ALTO

Alto Ingredients has projected a positive adjusted EBITDA for the third quarter of 2023. The company has not provided specific figures.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:44 pm