Streetbeat News

Revenues

BCO

Brink's Company (BCO) has reaffirmed its FY24 revenue expectations to be between $5.075 billion and $5.225 billion, with an adjusted EPS from continuing operations ranging from $7.30 to $8.00. The consensus estimate for adjusted EPS is $7.59.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:21 am

BAM

Brookfield Asset Management reported Q2 2024 GAAP EPS of $0.30, which did not compare to the estimated $0.79. The company also reported sales of $916.00M, missing the $1.24B estimate.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:21 am

SONY

Sony has raised its FY24 sales outlook to $85.2 billion, up from the previous forecast of $84.9 billion, and significantly higher than the $79.64 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:21 am

AXON

Axon Enterprise shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:21 am

JBI

Janus International Group has updated its financial outlook for FY24, projecting revenues between $1.005 billion and $1.035 billion, which is lower than the previous estimate of $1.11 billion. The adjusted EBITDA is also expected to decrease by 7.2% at the midpoint compared to 2023 levels.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:19 am

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