Streetbeat News

Revenues

PTON

Peloton Interactive has provided guidance for FY25, expecting total revenue between $2.4 billion and $2.5 billion, which is below the estimated $2.69 billion. The company anticipates a year-over-year decline in hardware sales and a modest increase in churn rates.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:15 am

PTON

Peloton Interactive anticipates sales challenges in Q1 due to macroeconomic uncertainties, projecting revenue between $560M and $580M, below estimates. The company expects a decline in hardware sales and is reducing marketing spend to focus on profitability. Despite this, Peloton foresees an increase in gross margin and improved EBITDA due to cost reductions.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:13 am

EM

Smart Share Glb reported a significant decline in both earnings per share and sales for Q2. EPS remained at $0.01, but sales dropped by 55.38% compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

August 22, 2024 | 11:12 am

BOSC

BOS Better Online Solns (NASDAQ:BOSC) reported a decrease in Q2 earnings per share to $0.09 from $0.11 year-over-year, and a decline in sales to $8.45 million from $11.34 million.

Portfolio Pulse from totan@benzinga.com

August 22, 2024 | 11:12 am

OPRA

Opera Limited has updated its revenue guidance for FY24 to $461M-$467M, slightly above previous estimates and analyst expectations. The company also projects an adjusted EBITDA of $110M-$113M, indicating a 24% margin.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:06 am

DIA

GLD

SPY

UUP

U.S. stocks closed higher as investors anticipate a September rate cut following FOMC minutes. Consumer discretionary stocks led gains, while financials and energy lagged. Asian markets showed mixed results, with Japan's Nikkei 225 and Hong Kong's Hang Seng rising. European markets advanced slightly, and commodities showed varied movements. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 11:05 am

OPRA

Opera Limited has announced its Q3 2024 revenue expectations to be between $119M and $121M, slightly above the $118.7M estimate. For the full year 2024, Opera projects revenue growth of 17% and an adjusted EBITDA margin of 24%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:04 am

VIK

Viking Holdings reported Q2 earnings per share of $0.37, missing the $0.65 estimate, but sales of $1.59 billion exceeded the $1.43 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:04 am

AIRI

Air Industries Group has secured a $110 million contract to supply components for GTF aircraft engines, expanding its backlog to over $280 million. This 7-year contract is a significant boost for the company.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:02 am

OPRA

Opera's Q2 2024 financial results exceeded expectations with GAAP EPADS of $0.22, surpassing the estimate of $0.17, and sales of $109.734 million, beating the forecast of $108.544 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:02 am