Streetbeat News

Revenues

MNDY

monday.com Ltd has provided its financial outlook for Q3 and FY24, expecting revenues to exceed analyst estimates. The company forecasts Q3 revenue between $243M and $247M and FY24 revenue between $956M and $961M, both above current estimates. Additionally, the company anticipates strong non-GAAP operating income and free cash flow margins.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:06 am

MGTX

SNY

MeiraGTx Holdings plc (NASDAQ:MGTX) announced the pricing of an underwritten offering of 12.5 million ordinary shares at $4.00 per share, expected to raise $50 million. Sanofi led the financing with a $30 million equity investment.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:05 am

ABL

Abacus Life (NASDAQ:ABL) reported Q2 2024 earnings of $0.18 per share, beating the analyst estimate of $0.12 by 50%. Sales were $29.076M, surpassing the $26.162M estimate and showing a 155.52% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:05 am

BBGI

Beasley Broadcast Group (BBGI) announced that it expects to achieve $10 million in annualized expense savings. This cost-cutting measure is likely aimed at improving the company's financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:05 am

MRKR

Marker Therapeutics, Inc. (NASDAQ:MRKR) has been awarded a $2 million grant from the NIH SBIR program to support the clinical investigation of MT-601 in relapsed non-Hodgkin's lymphoma patients. This funding will aid the Phase 1 APOLLO study, evaluating the safety and efficacy of MT-601.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:03 am

FTRE

Fortrea Holdings (NASDAQ:FTRE) reported Q2 2024 adjusted EPS of $(0.03), missing the $0.08 estimate by 137.5%. Sales were $662.4M, missing the $689.077M estimate by 3.87% and down 8.65% from $725.1M last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:02 am

BITB

FBTC

GBTC

IBIT

Bitcoin's price nearing $58,000 has led to a significant decrease in Bitcoin ETFs. iShares Bitcoin Trust ETF (IBIT) fell by 3.53%, Grayscale Bitcoin Trust (GBTC) by 3.51%, Fidelity Wise Origin Bitcoin Fund (FBTC) by 3.18%, and Bitwise Bitcoin ETF (BITB) by 3.39%. The downturn follows a market selloff over the weekend, with BTC trading at $58,704.30.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 10:59 am

LAZ

Lazard, Inc. (NYSE:LAZ) reported preliminary assets under management (AUM) of $246.1 billion for July 2024, up from $244.7 billion in June 2024. The increase includes net outflows of $3.6 billion, market appreciation of $3.5 billion, and foreign exchange appreciation of $1.5 billion.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:57 am

STRW

Strawberry Fields REIT reported Q2 rental revenues of $5.0M, a 20.4% increase due to additional property purchases, lease escalations, and renewals. FFO was $15.2M, AFFO was $14.3M, and net income was $7.0M.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:53 am

SPY

USO

OPEC has revised its 2024 global oil-demand growth forecast down by 135,000 barrels per day to 2.1 million barrels per day. This adjustment reflects a more cautious outlook on global oil consumption.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:46 am