Streetbeat News

Revenues

BBU

Brookfield Business Partners (NYSE:BBU) reported Q2 sales of $11.946 billion, a decrease of 11.55% from $13.506 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:49 am

BTSG

BrightSpring Health Services has increased its FY24 guidance, projecting net revenue between $10.45 billion and $10.90 billion, surpassing the previous estimate of $10.30 billion to $10.80 billion. The Pharmacy Segment is expected to see significant growth, with revenue between $8.00 billion and $8.40 billion, while the Provider Segment is projected to grow more modestly. Adjusted EBITDA is forecasted to be between $570 million and $580 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:48 am

TIXT

TELUS International reported Q2 2024 adjusted EPS of $0.16, missing the $0.19 estimate. Sales were $652 million, also missing the $682.725 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:48 am

GTLS

Chart Industries has reiterated its medium-term financial outlook, projecting double-digit sales growth in 2025 and 2026, mid-teens organic revenue growth through 2026, and significant margin expansion. The company also aims for a mid-30% gross profit margin, double-digit adjusted diluted EPS growth CAGR of mid-40%, 95-100% FCF conversion, and mid-teens ROIC by 2026.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:43 am

INTT

InTest Corporation has revised its FY24 revenue guidance downwards from $140M-$150M to $128M-$133M, compared to the previous estimate of $143.44M.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:41 am

PRGO

Perrigo Company reaffirms its fiscal 2024 adjusted diluted EPS outlook of $2.50-$2.65, despite updating its organic net sales growth outlook to -3% to -1% and total net sales growth outlook to -5% to -3%. The company cites lower seasonal demand and expected lower distribution in U.S. store brands as reasons for the sales outlook adjustment. However, increased profitability from a faster recovery in the infant formula business, improved product mix, and lower selling expenses are expected to offset the sales outlook impact.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:39 am

ASML

INTC

NVDA

NVDL

SMH

SOXL

SOXX

Semiconductor stocks are facing significant pressure due to weak economic data, regulatory concerns, and sector-specific risks. Major companies like Intel, Nvidia, and ASML are experiencing notable declines. ETFs tracking the sector are also down significantly.

Portfolio Pulse from Shanthi Rexaline

August 02, 2024 | 10:39 am

ATMU

Atmus Filtration Techs (NYSE:ATMU) reported Q2 2024 adjusted EPS of $0.71, beating the $0.55 estimate by 29.09%. Sales were $432.6M, surpassing the $418.334M estimate and showing a 4.59% increase from last year's $413.6M.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:37 am

OMI

Owens & Minor reported Q2 2024 adjusted EPS of $0.36, beating the estimate of $0.33. Sales were $2.671 billion, surpassing the expected $2.646 billion.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:36 am

INTT

InTest Corporation (INTT) expects its Q3 revenue to be slightly lower than Q2, but anticipates an improvement in gross margin due to a better product mix.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:36 am