Streetbeat News

Revenues

GPN

Global Payments (NYSE:GPN) reported Q2 2024 adjusted EPS of $2.93, beating the estimate of $2.90. Sales were $2.57 billion, surpassing the $2.32 billion estimate and marking a 16.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:56 am

DTC

Solo Brands has revised its 2024 revenue outlook to $470M-$490M from the previous $490M-$510M, which is below the consensus of $499.77M. The company also projects an adjusted EBITDA of 9%-10%. CEO Chris Metz cited a challenging third quarter and an uncertain macroeconomic environment as reasons for the lowered guidance.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:56 am

EMR

Emerson Electric (NYSE:EMR) reported Q3 2024 adjusted EPS of $1.43, beating the estimate of $1.42. However, sales of $4.380 billion missed the estimate of $4.450 billion. Sales increased by 11% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:55 am

NOMD

Nomad Foods continues to expect FY24 organic revenue growth of 3%-4%, with adjusted EPS of €1.75-€1.80, translating to $1.89-$1.94 based on the USD/EUR exchange rate as of August 1st. The company also anticipates adjusted EBITDA growth of 4%-6% and cash flow conversion of 90%-95%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:55 am

THR

Thermon Group Holdings, Inc. (THR) has reiterated its financial guidance for FY25, projecting total revenue between $527 million and $553 million, and adjusted EPS between $1.90 and $2.06. These figures align closely with analyst estimates of $540.813 million in revenue and $1.98 in adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:55 am

UPST

Upstart Holdings shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:55 am

SWIM

Latham Group shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:53 am

ABNB

Airbnb shares are trading lower after the company reported worse-than-expected Q2 EPS results and issued Q3 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:53 am

GO

Grocery Outlet shares are trading higher following the release of better-than-expected Q2 financial results. The company also announced plans to open 62-64 new stores in FY24.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:53 am

DIS

Disney announced that it remains on track for profitability in its combined streaming businesses, with both Entertainment DTC and ESPN+ expected to be profitable in Q4.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:52 am