Streetbeat News

Revenues

CHRD

Chord Energy has updated its FY24 guidance following its combination with Enerplus. The company expects to generate $2.9B in Adjusted EBITDA and $1.2B in Adjusted Free Cash Flow, with a reinvestment rate of 55%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:39 pm

CYN

Cyngn (NASDAQ:CYN) reported Q2 EPS of $(4.11), beating the $(8.00) estimate, but sales of $8.66K missed the $540.00K estimate. EPS improved by 68.31% YoY, while sales decreased by 98.43% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:39 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) reported Q2 revenue of $93.2 million, beating estimates but posted a larger-than-expected adjusted loss per share. Despite a year-over-year revenue decline, the company ended the quarter with $158 million in cash and $1.1 billion in debt. Shares rose 6.49% after hours.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 8:39 pm

SRPT

Sarepta Therapeutics has projected its FY25 net product revenue to be between $2.9 billion and $3.1 billion, which is below the market estimate of $3.24 billion.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:37 pm

SAFT

Safety Insurance Group (NASDAQ:SAFT) reported Q2 2024 adjusted EPS of $1.13, missing the analyst estimate of $1.30. However, sales increased by 33.41% year-over-year to $269.78 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:37 pm

FSLY

Fastly (FSLY) has provided its Q3 and FY24 financial guidance, which falls short of analysts' estimates. The company expects Q3 revenue between $130M-$134M, below the estimated $140.06M, and a non-GAAP EPS of $(0.08)-$(0.03), compared to the estimated $(0.02). For FY24, Fastly projects revenue of $530M-$540M, missing the $558.32M estimate, and a non-GAAP EPS of $(0.16)-$(0.11), versus the $(0.11) estimate.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:36 pm

APP

AppLovin has announced its Q3 revenue expectations to be between $1.115 billion and $1.135 billion, surpassing the estimated $1.103 billion. The company also projects an adjusted EBITDA of $630 million to $650 million with an adjusted EBITDA margin of 57%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:35 pm

UGI

UGI Corporation (NYSE:UGI) reported Q3 2024 adjusted earnings per share (EPS) of $0.06, beating the analyst consensus estimate of $(0.06) by 200%. However, the company reported quarterly sales of $1.380 billion, missing the analyst consensus estimate of $1.731 billion by 20.28%. This represents a 16.82% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:35 pm

SM

SM Energy (NYSE:SM) reported Q2 2024 adjusted EPS of $1.85, beating the estimate of $1.53 by 20.92%. Sales were $634.555M, surpassing the $616.063M estimate and marking a 15.22% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:34 pm

AHH

Armada Hoffler Properties (NYSE:AHH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.31 by 9.68%. The company also reported sales of $63.265 million, surpassing the $61.921 million estimate and marking a 5.53% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:33 pm