Streetbeat News

Revenues

LINC

Lincoln Educational Services has updated its FY24 revenue guidance to a range of $423M-$430M, compared to the previous estimate of $418M-$428M. The consensus estimate was $423.57M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:12 pm

GLUE

Monte Rosa Therapeutics reported a Q2 2024 GAAP EPS of $(0.43), beating the estimate of $(0.55). Sales were $4.695M, surpassing the $1.349M estimate. The company has a cash position of $267.1M, expected to fund operations into H1 2027.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:12 pm

BAH

Booz Allen Hamilton has secured a position on the FBI's $8 billion ITSSS-2 contract for IT support and modernization, marking the largest IT contract vehicle in FBI history.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:11 pm

GCMG

GCM Grosvenor (NASDAQ:GCMG) reported Q2 2024 adjusted EPS of $0.15, beating the $0.14 estimate. Sales were $116.954M, surpassing the $113.300M estimate and showing an 8.68% increase from last year's $107.613M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:10 pm

GAME

Zoned, a subsidiary of GameSquare Holdings, Inc. (NASDAQ:GAME), has signed multiple new brand partnerships expected to generate over $3 million in high-margin revenue. The new projects include marketing campaigns for brands like Topgolf and DairyMax, and other soon-to-be-announced projects with leading global sports, media, and entertainment companies. This growth is attributed to organizational changes, including the promotion of Carlos Tovar as President and a revitalized go-to-market strategy.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:10 pm

IHRT

iHeartMedia expects Q3 revenue growth in the mid-single digits compared to $915.98M estimate and FY24 revenue growth in the mid-single digits compared to $3.88B estimate. Q3 Adjusted EBITDA is expected to be $200M to $220M, and FY24 Adjusted EBITDA is expected to be $760M to $800M. The company remains committed to a long-term target of approximately 4x Net Debt to Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:08 pm

NSYS

Nortech Systems reported Q2 EPS of $0.05, a decrease from $0.22 in the prior year. Net sales declined by 3.2% to $33.89 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:08 pm

PHAT

Phathom Pharmaceuticals reported having $276.2 million in cash and cash equivalents as of June 30, 2024. The company believes this capital will be sufficient to fund its operations through the end of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:07 pm

MPW

Medical Properties Trust (NYSE:MPW) reported Q2 2024 earnings per share of $0.23, beating the analyst estimate of $0.22. The company also reported sales of $266.560 million, surpassing the estimate of $249.217 million. However, this represents a 20.99% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:07 pm

GSAT

Globalstar has raised its FY24 revenue guidance from $225M-$250M to $235M-$250M, compared to the $237.530M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:06 pm