Streetbeat News

Revenues

SCPX

Scorpius Holdings, Inc. (NYSE:SCPX) has announced surpassing $100 million in near-term business development opportunities across government and commercial sectors. The company expects these opportunities to translate into substantial booked business and associated revenues over the next two quarters. Key opportunities include new commercial customers, repeat client bookings, expanded scope of work with existing clients, and government proposals for new facilities and programs. CEO Jeff Wolf expects many of these opportunities to close before the year's end, significantly boosting revenue and cash flow. Despite this positive outlook, SCPX shares closed lower by 8.09% at $4.72 on Monday.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 12:16 pm

CSTL

Castle Biosciences shares are trading higher after the company reported better-than-expected Q2 financial results and increased its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:15 pm

CORZ

Core Scientific announced that CoreWeave has exercised an option to contract for approximately 112 MW of additional infrastructure. This increases Core Scientific's potential cumulative revenue to more than $6.7 billion over 12 years.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:13 pm

TPG

TPG reported Q2 2024 adjusted EPS of $0.49, beating the estimate of $0.43, but sales of $458.996 million missed the estimate of $465.672 million. Sales increased by 60.64% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:13 pm

DAVE

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

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:12 pm

ARBE

Arbe Robotics (NASDAQ:ARBE) reported better-than-expected Q2 results with EPS of $(0.09) beating the $(0.17) estimate and sales of $409K surpassing the $300K estimate. This marks significant improvements over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:12 pm

DXR

Daxor Corporation shares are trading higher after being awarded a $1.9 million two-year contract from the U.S. Air Force to develop a point-of-care blood volume analyzer using novel fluorescent tracer and optical sensing technology.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:10 pm

EIC

Eagle Point Income (NYSE:EIC) reported Q2 earnings per share (EPS) of $0.44, a 10.2% decrease from $0.49 YoY. However, sales increased by 89.63% to $10.91 million from $5.76 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:10 pm

FSTR

L.B. Foster has revised its FY24 net sales forecast to a range of $525M to $550M, down from the previous range of $525M to $560M. Adjusted EBITDA is now expected to be between $34M and $37M, with free cash flow expected to be breakeven. The revised guidance reflects the impact of a restructuring program.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:10 pm

ORCL

Oracle has opened its second public cloud region in Riyadh, Saudi Arabia, as part of a $1.5 billion investment to enhance the country's cloud capacity in line with Saudi Vision 2030. This expansion aims to support AI innovation and business resilience for Saudi organizations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:09 pm