Streetbeat News

Revenues

LFUS

Analysts have varied opinions on Littelfuse (NASDAQ: LFUS) with recent ratings ranging from bullish to indifferent. The average 12-month price target has increased to $272.0, with a high estimate of $300.00 and a low estimate of $250.00. Despite a recent revenue decline, Littelfuse shows strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 12:01 pm

ALUR

Allurion Technologies reported a Q2 EPS of $(0.05), beating the estimate of $(0.24). Sales were $11.77M, surpassing the $10.90M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:01 pm

FQVLF

GOLD

TECK

Barrick Gold (NYSE:GOLD) has expressed interest in partnering with the Panamanian government regarding the Cobre Panama mine, which has been idle due to contractual disputes between its owner, First Quantum Minerals (OTC:FQVLF), and the government. The mine's future remains uncertain, with potential new partnerships or operational changes expected next year. Barrick's CEO emphasized caution in overpaying for assets, while First Quantum seeks $20 billion in damages through arbitration.

Portfolio Pulse from Stjepan Kalinic

August 13, 2024 | 11:58 am

AILE

iLearningEngines (NASDAQ:AILE) reported Q2 sales of $135.5 million, surpassing the analyst consensus estimate of $129.533 million by 4.61%.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:52 am

SYPR

Sypris Solutions has reiterated its full-year 2024 outlook, expecting a 10-15% year-over-year revenue growth. The company also anticipates a 20-25% increase in gross profit and an expansion of gross margins by 100-125 basis points.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:49 am

CING

Cingulate Management plans to seek additional capital through various means, including non-dilutive capital via potential licensing opportunities both inside and outside the US, as well as additional equity or debt capital.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:49 am

SYPR

Sypris Solutions reported Q2 sales of $35.52 million, a slight decrease from $35.62 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:47 am

HD

NVDA

PSFE

QQQ

SE

SPY

TME

VSAT

Wall Street is optimistic about benign inflation data, which could lead to a rate cut. Home Depot's weak guidance is weighing on the retail sector. Futures for Nasdaq and S&P 500 are slightly up, while Dow and Russell 2000 are down. Key stocks like Home Depot, Tencent Music, Sea Limited, Paysafe, and Viasat are experiencing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 11:41 am

HD

Home Depot (NYSE:HD) reported Q2 2024 earnings with a slight revenue miss and a decline in customer transactions. Despite weaker home improvement spending, the company raised its annual revenue outlook. HD shares are trading lower by 2.36% in the premarket.

Portfolio Pulse from Akanksha Bakshi

August 13, 2024 | 11:39 am

LUNR

Intuitive Machines has updated its 2024 revenue outlook to $210M-$240M, slightly higher than the previous lower bound of $200M. The company expects a 2.6x-3x increase in sales compared to the prior year. The Q2 cash balance is expected to be sufficient to fund operations for the next 12 months. The company is also expanding its backlog with key upcoming awards and plans to ship its mission two completed lander by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:38 am