Streetbeat News

Revenues

RIVN

Rivian Automotive (NASDAQ:RIVN) expects to benefit from a joint venture with Volkswagen Group, including favorable supplier pricing and a $5 billion investment. The JV aims to develop next-gen EV platforms, boosting Rivian's production and financial outlook. Despite a Q2 loss, Rivian's liquidity remains strong.

Portfolio Pulse from Anan Ashraf

August 07, 2024 | 11:11 am

VERX

Vertex Inc. (VERX) has provided its financial outlook for Q3 2024 and FY 2024. The company expects Q3 revenues between $164M and $167M, slightly above the consensus estimate of $165.06M. For FY 2024, Vertex anticipates revenues between $654M and $660M, in line with the estimate of $656.77M. The company also projects a 28% growth in cloud revenue and adjusted EBITDA between $139M and $145M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:10 am

REYN

Reynolds Consumer Products has raised its FY24 outlook for net revenues from the previous range of $3.53 billion - $3.64 billion to a new range of $3.59 billion - $3.67 billion, with an estimate of $3.609 billion.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:09 am

CSTE

Caesarstone (NASDAQ:CSTE) reported Q2 2024 adjusted EPS of $(0.14), which met analyst expectations, but sales of $119.432 million missed the $124.823 million estimate. The EPS loss improved significantly from $(0.69) last year, but sales decreased by 16.88% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:09 am

ASTE

Astec Industries (NASDAQ:ASTE) reported Q2 earnings of $0.61 per share, missing the analyst estimate of $0.68. However, sales of $345.50 million beat the estimate of $332.54 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:09 am

OESX

Orion Energy Systems (NASDAQ: OESX) reported Q1 2025 GAAP EPS of $(0.12), meeting analyst estimates, and sales of $19.9M, beating the $19.3M estimate. This represents a 42.86% improvement in EPS and a 12.98% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:09 am

AVA

Avista (NYSE:AVA) reported Q2 2024 GAAP EPS of $0.29, beating the analyst estimate of $0.13 by 123.08%. Sales were $390.814M, surpassing the $386.690M estimate and showing a 6.03% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:09 am

SHOP

Shopify projects its Q3 2024 revenue to grow at a low-to-mid-twenties percentage on a YoY basis. The company expects a higher gross margin by 50 basis points compared to Q2 2024, GAAP operating expenses to be 41%-42% of revenue, and stock-based compensation to be $120 million. Free cash flow margin is expected to remain similar to Q2 2024, with a double-digit free cash flow margin for the rest of the year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:07 am

RDCM

RADCOM has raised its FY24 revenue guidance, revising the range from $57M-$60M to $58M-$61M, with an estimated $58.34M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:07 am

RCM

R1 RCM (NASDAQ:RCM) reported Q2 2024 GAAP EPS of $(0.02), beating the $(0.04) estimate, but sales of $627.9M missed the $633.481M estimate. Sales increased by 11.99% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:07 am