Streetbeat News

Revenues

GOGO

Gogo Inc. has reiterated its revenue growth target at a compound annual growth rate (CAGR) of approximately 15% to 17% from 2023 through 2028. The company aims for a free cash flow of around $150 million in 2025 and expects Gogo Galileo to start contributing to revenue in 2025. Additionally, Gogo maintains its target of achieving a 40% annual adjusted EBITDA margin by 2028.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:17 am

GOGO

Gogo has revised its FY24 total revenue forecast downwards from $410M - $425M to $400M - $410M, which is below the estimated $418.787M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:16 am

LRMR

Larimar Therapeutics reported a Q2 2024 GAAP EPS of $(0.34), missing the $(0.32) estimate. As of June 30, 2024, the company had $226.1M in cash, cash equivalents, and marketable securities, providing a projected cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:16 am

BNBUSD

BTC

SOLUSD

Bitcoin's recent crash alongside the stock market has reignited debates about its role as a store of value. Experts are divided on whether Bitcoin is becoming more integrated with traditional markets or remains a speculative asset. Some argue that Bitcoin's correlation with other cryptocurrencies is stronger than with equities, while others believe its presence in traditional finance through ETFs makes it less of an outlier.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 11:15 am

VSH

Vishay Intertechnology (NYSE:VSH) reported Q2 2024 GAAP EPS of $0.17, beating the analyst estimate of $0.15. However, sales of $741.2 million missed the $754.707 million estimate and were down 16.92% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:15 am

CSTE

Caesarstone reaffirms its 2024 outlook, expecting positive operating cash flow primarily in the first half of the year, but anticipates an adjusted EBITDA loss in the mid-single-digit millions due to increased shipping and material costs in the second half. The company also expects restructuring-related cost savings of $20 million in 2024 and $30 million thereafter compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:14 am

REYN

Reynolds Consumer Products has provided its Q3 financial guidance, expecting net revenues between $885 million and $915 million, and adjusted EPS between $0.39 and $0.43. These figures are in line with market estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:14 am

NOTE

FiscalNote announced new large enterprise customer agreements with Fortune 500 leaders across various sectors including technology, health and life sciences, finance, energy, and manufacturing and industrial.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:13 am

DBD

Diebold Nixdorf (NYSE:DBD) reported strong Q2 earnings, with adjusted EPS of $1.15 beating the estimate of $1.05 and sales of $939.70M surpassing the $913.47M estimate. This marks a significant year-over-year increase in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:13 am

REAX

Real Brokerage (NASDAQ:REAX) reported Q2 2024 GAAP EPS of $(0.01), beating the $(0.02) estimate. Sales were $340.778M, surpassing the $264.457M estimate and showing significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:12 am