Streetbeat News

Revenues

IHRT

iHeartMedia reported Q2 sales of $929.092 million, surpassing the estimated $915.977 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:04 pm

AVT

Avnet has provided its Q1 fiscal 2025 guidance, projecting EPS between $0.80 and $0.90, below the estimated $0.97. Revenue is expected to be between $5.25 billion and $5.55 billion, compared to the $5.51 billion estimate. The guidance suggests flat to a 5% decline in sales, with growth in Asia and declines in western regions.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:03 pm

ULCC

Frontier Airlines projects a 4-6% capacity growth for Q3 and a 5-7% capacity growth for FY24. The average fuel cost is expected to be $2.60-$2.70 per gallon for Q3 and $2.70-$2.80 per gallon for FY24.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:03 pm

WFCF

Where Food Comes From reported Q2 2024 revenue of $6.4 million and an EPS of $0.09.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:02 pm

CMCT

Creative Media reported Q2 2024 Core FFO of $(0.09), beating the estimate of $(0.28). Sales were $34.439M, surpassing the $16.313M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:02 pm

AVT

Avnet (NASDAQ:AVT) reported Q4 earnings of $1.22 per share, beating the analyst estimate of $0.95. Sales were $5.56 billion, also surpassing the $5.37 billion estimate. However, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:02 pm

ULCC

Frontier Group Holdings (NASDAQ:ULCC) reported Q2 2024 adjusted EPS of $0.14, beating the estimate of $0.13. However, sales were $973 million, missing the $1.031 billion estimate. Sales increased by 0.62% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:01 pm

BTCUSD

ETHUSD

Short-term Bitcoin holders are facing their largest unrealized losses since the FTX collapse, driven by the Bank of Japan's unexpected interest rate hike. Bitcoin dropped by almost 19%, and Ethereum fell by nearly 25%. The market stress has led to $1.38 billion in realized losses, with short-term holders accounting for 97% of these losses. Key price levels for Bitcoin are $45,900 (True-Market Mean) and $51,200 (Active Investor Price).

Portfolio Pulse from Murtuza Merchant

August 08, 2024 | 12:01 pm

DUOL

Duolingo (NASDAQ:DUOL) has been analyzed by 5 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $257.2, with a high of $271.00 and a low of $245.00. Recent analyst actions include both raised and lowered price targets, reflecting changing market conditions and company performance. Duolingo's financial performance is strong, with notable revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 12:01 pm

KOP

Koppers Holdings Inc. (KOP) has revised its 2024 sales forecast to approximately $2.15 billion, down from the previous estimate of $2.24 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:00 pm