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Revenues

COIN

Coinbase projects its Q3 subscription and services revenue to be between $530 million and $600 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:27 pm

PRCT

PROCEPT BioRobotics (NASDAQ:PRCT) reported Q2 2024 GAAP EPS of $(0.50), beating the $(0.52) estimate. Sales were $53.353M, surpassing the $50.164M estimate and marking a 61.17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:27 pm

SPXC

SPX Technologies has raised its FY24 EPS guidance from $5.15-$5.40 to $5.45-$5.60, surpassing the $5.35 estimate. Revenue guidance has also been increased from $1.965B-$2.025B to $1.97B-$2.02B, compared to the $1.99B estimate. The company expects improved performance across its HVAC and Detection & Measurement segments.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:26 pm

ALHC

Alignment Healthcare (NASDAQ:ALHC) reported Q2 2024 GAAP EPS of $(0.13), beating the estimate of $(0.14). Sales were $681.286M, surpassing the $637.649M estimate and marking a 47.34% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:26 pm

MSI

Motorola Solutions projects an 8% revenue growth for FY 2024, with a non-GAAP EPS between $13.22 and $13.30, based on 171 million fully diluted shares and a 23.5% non-GAAP effective tax rate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:25 pm

MSI

Motorola Solutions projects a 7%-8% year-over-year revenue growth for Q3 2024, with a non-GAAP EPS between $3.32 and $3.37, based on 170 million fully diluted shares and a 24% non-GAAP effective tax rate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:25 pm

SPXC

SPX Techs (NYSE:SPXC) reported strong Q2 earnings, with adjusted EPS of $1.42 beating the $1.25 estimate and sales of $501.30M surpassing the $492.08M estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:24 pm

ACA

Arcosa has agreed to acquire the construction materials business of Stavola Holding for $1.2 billion in cash. Stavola, founded in 1948, operates in the New York-New Jersey area with multiple quarries, asphalt plants, and recycled aggregates sites. For the last twelve months ending June 30, 2024, Stavola generated $283 million in revenue and $100 million in Adjusted EBITDA. The transaction is expected to create tax benefits for Arcosa with a net present value of approximately $125 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:24 pm

MSI

Motorola Solutions (NYSE:MSI) reported Q2 2024 adjusted EPS of $3.24, beating the estimate of $3.01. Sales were $2.63 billion, surpassing the $2.59 billion estimate and showing a 9.36% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:24 pm

PCOR

Procore Technologies has provided its Q3 and FY24 revenue outlook. For Q3, revenue is expected to be $286M-$288M, below the $291.7M estimate. For FY24, revenue is expected to be $1.141B-$1.144B, slightly above the $1.14B estimate. Non-GAAP operating margins are also provided.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:23 pm