Streetbeat News

Revenues

RMR

RMR Group (NASDAQ:RMR) reported Q3 2024 adjusted EPS of $0.37, missing the $0.39 estimate, and sales of $205.48M, missing the $230.40M estimate. Both figures represent significant declines from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:52 pm

RIGL

Rigel Pharmaceuticals (NASDAQ:RIGL) reported Q2 2024 GAAP EPS of $(0.06), significantly beating the analyst estimate of $(0.31). The company also reported sales of $36.841 million, surpassing the $33.419 million estimate and marking a 37.03% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:50 pm

MASI

Masimo Corporation has provided its Q3 2024 revenue guidance, expecting between $495 million and $515 million, which is slightly above the $493 million estimate. The company also anticipates earnings per share (EPS) to be in the range of $0.22 to $0.27, compared to the $0.26 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:49 pm

BWIN

The Baldwin Insurance (NASDAQ:BWIN) reported Q2 2024 earnings of $0.34 per share, beating the analyst estimate of $0.33. Sales were $339.840 million, surpassing the $334.682 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:49 pm

LGND

Ligand Pharmaceuticals (LGND) has provided its financial outlook for 2024, projecting core adjusted EPS between $5.00 and $5.50, compared to the estimated $5.16. The company also expects total revenue to be in the range of $140 million to $157 million, against the estimated $147.17 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:49 pm

LOPE

Grand Canyon Education has provided guidance for Q3 service revenue between $238M and $240.5M, slightly below the estimated $241.02M. The company also expects EPS to be in the range of $1.37 to $1.43, compared to the estimated $1.46.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:49 pm

REI

Ring Energy (AMEX:REI) reported Q2 2024 adjusted EPS of $0.12, beating the estimate of $0.11. Sales were $99.139 million, surpassing the $98.532 million estimate and marking a 24.94% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:48 pm

BTCUSD

ETHUSD

Jim Bianco of Bianco Research attributes the recent crash in Bitcoin and Ethereum to the Bank of Japan's unexpected interest rate hike, which led to a significant global market downturn. The yen carry trade unwinding caused ripple effects, including a 20% drop in the Japanese stock market and a 5% loss in the dollar's value against the yen. The cryptocurrency market saw over $1 billion in liquidations, with Bitcoin dropping nearly 19% and Ethereum falling by almost 25%. Bernstein's report suggests the downturn is due to broader market fears rather than crypto-specific issues and highlights potential recovery if U.S. recession fears lead to rate cuts and increased monetary liquidity.

Portfolio Pulse from Murtuza Merchant

August 06, 2024 | 8:46 pm

TDW

Tidewater (NYSE:TDW) reported Q2 2025 GAAP EPS of $0.94, missing the $1.00 estimate, but achieved sales of $339.230M, beating the $330.186M estimate. Sales increased by 57.81% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:46 pm

EXEL

Exelixis has projected its total revenues for 2024 to be between $1.975 billion and $2.075 billion, surpassing the estimated $1.88 billion.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:46 pm