Streetbeat News

Revenues

MTZ

MasTec has provided its financial outlook for 2024, projecting revenues of approximately $12.4 billion, slightly below the estimated $12.55 billion. The company also expects adjusted EPS of $3.03, which is above the estimated $2.95. For Q3, MasTec anticipates revenues of around $3.45 billion, in line with the $3.44 billion estimate, and adjusted EPS of $1.24, slightly above the $1.22 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:39 pm

HUBG

Hub Group has provided its financial guidance for FY24, projecting EPS between $1.75 and $2.05, compared to the estimated $1.99. The company also expects revenue to be between $4.0 billion and $4.3 billion, which is below the estimated $4.37 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:39 pm

UPLD

Upland Software has revised its FY24 revenue guidance to $269.6M - $281.6M, with an estimated $273.85M. The adjusted EBITDA is expected to be between $52.6M and $58.6M, reflecting a 14% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:38 pm

PBYI

Puma Biotechnology has revised its Q3 and FY24 revenue estimates downward. Q3 revenue is now expected to be $50M-$53M, below the $57.85M estimate. FY24 revenue is projected at $183M-$190M, compared to the $217.63M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:38 pm

TEAM

Atlassian Corp (NASDAQ:TEAM) reported Q4 earnings with revenue and EPS beating estimates, but shares fell due to soft guidance. Revenue was $1.31 billion and EPS was 66 cents. The company expects Q1 revenue below estimates and FY25 revenue growth of 16%. The chief sales officer exited, and the company plans to hire a new chief revenue officer.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 9:38 pm

CTOS

Custom Truck One Source (CTOS) has provided its revenue guidance for FY24, projecting between $1.80 billion and $1.98 billion, compared to the estimated $1.958 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:38 pm

UPLD

Upland Software expects Q3 2024 total revenue to be between $63.2M and $69.2M, with an estimated $67.64M. Adjusted EBITDA is projected to be between $12.5M and $15.5M, reflecting a 13% decrease from the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:36 pm

LMAT

LeMaitre Vascular has provided its Q3 and FY24 guidance, projecting higher-than-expected EPS and revenue. For Q3, EPS is expected to be $0.42-$0.46, and revenue is projected at $52.7M-$54.7M. For FY24, EPS is expected to be $1.82-$1.91, and revenue is projected at $216.8M-$220.8M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:36 pm

OLED

Universal Display has increased the lower end of its FY24 revenue guidance range to $645M-$675M, compared to the previous estimate of $664.54M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:35 pm

MELI

Mercado Libre (NASDAQ:MELI) reported strong Q2 earnings with revenue and EPS beating estimates. Revenue grew 42% YoY to $5.07 billion, and EPS was $10.48. Brazil and Mexico saw significant growth, with revenue up 51% and 66% respectively. The company also reported growth in commerce and fintech segments and highlighted future opportunities, including a potential banking license in Mexico.

Portfolio Pulse from Chris Katje

August 01, 2024 | 9:34 pm