Streetbeat News

Revenues

ASUR

Asure Software has updated its revenue guidance for Q3 2024 to $30M-$33M, compared to the previous estimate of $31.84M. For FY 2024, the revenue guidance is now $123M-$129M, compared to the previous estimate of $126.35M. The adjustments are due to variability in the timing of closing and implementing large enterprise arrangements and anticipated acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:34 pm

AIP

Arteris has announced its FY24 revenue guidance, projecting revenues between $56M and $58M, which is in line with the estimated $56.135M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:32 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) reported Q2 earnings with a revenue miss and an adjusted loss per share greater than expected. Despite a 78% increase in hash rate, Bitcoin production was down 30% year-over-year. The company holds over 20,000 Bitcoin and aims to increase its hash rate further by the end of 2024.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 9:31 pm

MRIN

Marin Software projects its Q3 revenue to be between $4.0 million and $4.2 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:30 pm

CON

Concentra reported its Q2 earnings per share (EPS) of $0.50, down from $0.51 year-over-year (YoY). However, the company's revenue increased to $477.9 million from $467.1 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:29 pm

NXT

Nextracker has reaffirmed its FY25 outlook with revenue projected between $2.8 billion and $2.9 billion, aligning closely with the estimated $2.867 billion. The company also expects adjusted EPS to be in the range of $2.89 to $3.09, slightly below the estimated $3.06.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:27 pm

XPOF

Xponential Fitness has revised its full-year 2024 revenue forecast downwards from $340M-$350M to $310M-$320M, below the estimated $346.623M. The company also adjusted its guidance for new studio openings and adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:24 pm

XPOF

Xponential Fitness has reduced its guidance for studio openings, revenue, and adjusted EBITDA due to a shortfall in Q2 and current business conditions.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:22 pm

SQ

Block, Inc. (NYSE:SQ) shares rose after the company reported Q2 earnings of 31 cents per share, missing estimates by 8.82%. Sales were $6.115 billion, missing estimates by 2.57% but up 10.48% YoY. Gross profit grew 20% YoY, with Cash App and Square showing strong performance. The company increased its share repurchase program by $3 billion and provided positive forward guidance.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 9:22 pm

FND

Floor & Decor has revised its FY24 net sales outlook downwards from $4.60B-$4.77B to $4.40B-$4.49B, and its EPS from $1.75-$2.05 to $1.55-$1.75. Comparable store sales are expected to decline by 8.5% to 6.5%, and adjusted EBITDA is projected to be between $480 million and $505 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:21 pm