Streetbeat News

Revenues

LNZA

LanzaTech has reaffirmed its 2024 outlook, projecting total revenue between $90 million and $105 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:46 pm

SPY

Weekly unemployment claims in the U.S. fell more than expected, easing recession concerns and leading to a rebound in stock futures. Initial claims dropped to 233,000, below the forecasted 240,000, while continuing claims slightly increased. The national unemployment rate rose to 4.3%, sparking expectations for Federal Reserve rate cuts. The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), declined 0.7% on Wednesday but futures were up in premarket trading on Thursday.

Portfolio Pulse from Piero Cingari

August 08, 2024 | 12:46 pm

HBIO

Harvard Bioscience has revised its FY24 revenue outlook to $97M - $102M, down from the previous estimate of $111.95M, due to delayed market recovery. The company expects a full-year gross margin of 59% to 60% and an adjusted EBITDA margin in the high single digits.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:39 pm

QTI

QT Imaging reported Q2 2024 revenue of $1.714 million and an EPS of $(0.30).

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:39 pm

HOWL

Werewolf Therapeutics reported a Q2 2024 GAAP EPS of $(0.43), missing the $(0.37) estimate. However, sales of $1.143M beat the $842K estimate. The company has $135.3M in cash and cash equivalents, expected to provide a cash runway through at least Q1 2026.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:38 pm

DDOG

Datadog, Inc (NASDAQ:DDOG) reported a 27% year-on-year revenue growth for Q2, beating analyst estimates. The company also exceeded expectations with an adjusted EPS of 53 cents. Datadog's customer base with an ARR of $100,000 or more grew by 13% Y/Y. The company projects Q3 revenue of $660 million–$664 million and fiscal 2024 revenue of $2.62 billion–$2.63 billion, both slightly above consensus estimates. DDOG shares traded higher by 3.67% premarket.

Portfolio Pulse from Anusuya Lahiri

August 08, 2024 | 12:37 pm

AMZN

BABA

JD

PDD

Amazon is ramping up its recruitment efforts in China to compete with Chinese e-commerce giants like Temu, Alibaba, and JD.com. The company is hosting events and opening new offices to support Chinese sellers, aiming to offer more affordable products in the U.S. market.

Portfolio Pulse from Anusuya Lahiri

August 08, 2024 | 12:37 pm

TEM

Tempus AI has announced the publication of a validation study for its HLA-LOH investigational assay in npj Precision Oncology. The study demonstrates the detection of HLA loss of heterozygosity using Tempus' FDA-approved xT CDx assay, which offers prognostic and therapeutic opportunities for solid tumor patients.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:35 pm

FOUR

Shift4 Payments shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its FY24 gross revenue less network fees guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:35 pm

MDU

MDU Resources has reaffirmed its FY24 earnings guidance for its regulated energy delivery businesses at $170M - $180M. The company has updated its construction services revenue guidance to $2.65 billion - $2.85 billion, down from the previous range of $2.9 billion - $3.1 billion, but expects higher margins than in 2023. EBITDA is still expected to be $220 million - $240 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:34 pm