Streetbeat News

Revenues

IMXI

International Money Express (IMXI) has revised its FY24 revenue guidance to $657.6M-$677.6M, down from the previous range of $681.0M-$701.8M and below the $689.26M estimate. The company also adjusted its diluted EPS forecast to $2.07-$2.25, down from the prior view of $2.13-$2.31.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:47 am

CRUS

Cirrus Logic shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.

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August 07, 2024 | 11:45 am

SHO

Sunstone Hotel Investors reports slower recovery in Maui, leading to lower revenue growth and earnings expectations, particularly in Q3.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:42 am

SHO

Sunstone Hotel Invts (NYSE:SHO) reported Q2 2024 earnings per share of $0.28, beating the analyst estimate of $0.27. However, the company's sales of $247.481 million missed the estimate of $249.657 million and were down 10.37% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:39 am

VSTS

Vestis expects FY24 revenue growth in the range of (1)% to 0% and anticipates its Adjusted EBITDA Margin to be toward the higher end of 12.0% to 12.4%, despite $18 million in incremental public company costs. The company also expects strong free cash flow conversion with a ratio of free cash flow to net income greater than or equal to 100%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:39 am

GFF

Griffon Corporation reaffirmed its FY24 outlook, projecting revenue of $2.65 billion and adjusted EBITDA of $555 million, which aligns closely with consensus estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:37 am

EHTH

eHealth shares are trading higher after the company reported better-than-expected Q2 sales results and issued FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:37 am

HLLY

Holley (NYSE:HLLY) reported Q2 2024 earnings per share of $0.10, meeting analyst expectations but showing a 28.57% decrease from the previous year. Quarterly sales were $169.496 million, missing the $170.562 million estimate and representing a 3.29% decline from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:36 am

KRNT

Kornit Digital has provided its guidance for the third quarter of 2024, expecting revenues between $48 million and $52 million, slightly below the consensus of $49.322 million. The company also anticipates an adjusted EBITDA margin of 1% to 6%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:34 am

NWL

Newell Brands (NASDAQ:NWL), the maker of Sharpie pens, is shifting some of its production out of China to reduce tariff uncertainties. The company will relocate its writing business manufacturing to Tennessee and move kitchen appliance manufacturing to Vietnam, Thailand, Indonesia, and other locations. This strategic move aims to reduce Newell's dependence on China, automate U.S. manufacturing, and save on time and fluctuating freight costs.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 11:34 am