Streetbeat News

Revenues

ATRO

Astronics Corporation has projected its FY24 revenue to be between $780 million and $800 million, surpassing the estimated $770.015 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:46 pm

DASH

DoorDash Inc (NASDAQ:DASH) reported Q2 earnings with revenue of $2.63 billion, beating estimates, but a loss of 38 cents per share, missing expectations. Total orders increased by 19% YoY, and the company ended the quarter with $3.43 billion in cash. DoorDash expects Q3 marketplace GOV between $19.4 billion and $19.8 billion and adjusted EBITDA between $470 million and $540 million. The company repurchased 2.1 million shares for $219 million. Shares rose 13.23% after hours.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 8:46 pm

STTK

Shattuck Labs (NASDAQ:STTK) reported Q2 EPS of $(0.42), missing the $(0.41) estimate, but achieved sales of $1.61M, significantly beating the $660K estimate. EPS improved by 16% YoY, while sales surged by 704.5% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:45 pm

ALTR

Altair expects Q3 total revenue to be between $145 million and $148 million, slightly above the estimated $145.76 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:45 pm

SIGA

SIGA Technologies reported a significant improvement in its Q2 financial results, with earnings per share (EPS) of $0.03, up from a loss of $(0.04) per share year-over-year. Sales also saw a substantial increase, rising to $21.81 million from $5.88 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:45 pm

MTZ

MasTec (NYSE:MTZ) reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.87. However, sales of $2.961 billion missed the estimate of $3.092 billion. Sales increased by 3.02% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:44 pm

XHR

Xenia Hotels & Resorts (NYSE:XHR) reported Q2 2024 earnings per share (EPS) of $0.52, beating the analyst estimate of $0.48. However, the company's sales of $272.904 million missed the estimate of $275.797 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:43 pm

OLP

One Liberty Properties (OLP) announced plans to acquire a fourth industrial property in 2024 for $28.3 million, bringing total acquisitions for the year to over $73 million. The new property in Council Bluffs, Iowa, spans 236,324 sq ft and has an annual base rent of $1.9 million with a 6.1-year weighted average lease term. The acquisition will be funded by cash and a $17 million mortgage at 5.89% interest.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:43 pm

CTRA

Coterra Energy has increased its FY24 BOE production guidance by 1% and oil production guidance by 2.4% from its previous guidance in May. The company reiterated its 2024 capital expenditures of $1.75 to $1.95 billion and announced third-quarter 2024 production estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:43 pm

DKNG

DraftKings reported Q2 earnings with revenue of $1.10 billion, missing estimates but showing a 26% YoY increase. EPS beat expectations at 22 cents. The company announced a $1-billion share buyback and raised its full-year 2024 revenue guidance. However, adjusted EBITDA guidance was lowered.

Portfolio Pulse from Chris Katje

August 01, 2024 | 8:42 pm