Streetbeat News

Revenues

OPRA

Opera Limited has raised its revenue guidance for FY24 to $470M–$473M, surpassing previous estimates and analyst expectations. The company also projects Q4 revenue of $135M–$138M, significantly higher than the estimated $120.4M.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:13 am

SOFI

SoFi has raised its FY24 revenue guidance to $2.535B-$2.550B, up from the previous $2.425B-$2.465B, indicating a 22-23% growth. Adjusted EBITDA is expected to be $640-$645M, with a 25% margin. GAAP net income is projected at $204-$206M, and EPS at $0.11-$0.12. The company anticipates adding 2.3M new members in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:09 am

AMT

American Tower has revised its FY24 AFFO guidance downwards, with new estimates ranging from $10.45 to $10.62 per share, compared to the previous range of $10.48 to $10.72. The company also projects total property revenue between $9.89 billion and $9.98 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:07 am

JBLU

JetBlue has revised its FY24 revenue forecast, now expecting a decline of 5.0% to 4.0%, compared to the previous forecast of a 6.0% to 4.0% decline.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:06 am

SSTK

Shutterstock has announced its revenue guidance for the fiscal year 2024, projecting revenues between $935 million and $940 million, which is slightly above the market estimate of $930.7 million.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:05 am

OPRA

Opera's Q3 2024 financial results exceeded expectations with adjusted EPADS of $0.26, surpassing the estimate of $0.25, and sales reaching $123.210 million, beating the expected $120.428 million.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:05 am

SSTK

Shutterstock reported Q3 2024 earnings per share of $1.31, surpassing the analyst estimate of $1.13. The company's sales reached $250.6 million, exceeding the expected $240.8 million and marking a 7.44% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:05 am

JBLU

JetBlue aims to return to operating profitability, expecting a Q4 revenue decline of 3-7%. Despite challenges like Hurricane Milton and the election, the company remains optimistic about future revenue growth, especially with upcoming JetForward initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:05 am

INCY

Incyte has updated its 2024 financial guidance, slightly increasing its expected net product revenue for Jakafi to $2.74B-$2.77B from the previous $2.71B-$2.75B. Other hematology/oncology revenues are expected to decrease, while costs and expenses remain largely unchanged.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:03 am

PYPL

PayPal's Q3 total payment volume increased by 9% to $422.6 billion, indicating strong growth in its transaction business.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:03 am