Streetbeat News

Revenues

LAB

Standard BioTools shares are trading lower after the company reported worse-than-expected Q2 financial results and cut FY24 revenue guidance below estimates. Additionally, CFO Jeffery Black will resign.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:28 pm

NREF

NexPoint Real Estate (NYSE:NREF) reported Q2 2024 adjusted EPS of $0.68, beating the $0.45 estimate by 51.11%. However, sales of $6.740M missed the $18.167M estimate by 62.90%, though it represents a 60.29% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:23 pm

BYDDF

FXI

TSLA

BYD reported July vehicle sales of 342,383 units, with passenger vehicle sales at 340,799 units. Plug-in hybrid passenger EV sales were 210,799 units, and battery passenger EV sales were 130,000 units.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:19 pm

IDA

Idacorp (NYSE:IDA) reported strong Q2 2024 earnings, with GAAP EPS of $1.71 beating the $1.39 estimate and sales of $451.039M surpassing the $440.150M estimate. This represents a 26.67% increase in EPS and an 8.99% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:14 pm

VCEL

Vericel has reaffirmed its FY24 sales guidance of $238M-$242M, aligning closely with the $240.27M estimate. The company also raised its profitability guidance to a 71% gross margin and a 21% adjusted EBITDA margin.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:11 pm

ALNY

Alnylam Pharmaceuticals has updated its 2024 financial guidance, increasing its combined net product revenue guidance from $1.4B-$1.5B to $1.575B-$1.65B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:10 pm

OB

Outbrain is set to acquire Teads in a transaction valued at approximately $1 billion. The deal includes $725 million in upfront cash, $25 million in deferred cash, 35 million shares of Outbrain stock, and $105 million in convertible preferred equity. The combined companies are expected to generate an ex-TAC gross profit of $660 million to $680 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:10 pm

ONTF

ON24 has announced an integration with 6sense to enhance personalization for B2B sales and marketing. This integration allows joint customers to leverage ON24 engagement data and 6sense intent data to deliver hyper-personalized experiences at scale, improving ROI and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:09 pm

CRAI

Charles River Associates (CRAI) has raised its FY24 revenue outlook from the previous range of $645M - $675M to a new range of $670M - $685M, surpassing the estimated $667.608M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:08 pm

GWW

W.W. Grainger has updated its 2024 guidance, narrowing its earnings per share (EPS) outlook to $38.00-$39.50 from the previous $38.00-$40.50, and its revenue forecast to $17.0-$17.3 billion from the prior $17.2-$17.7 billion. The company also adjusted other financial metrics, including sales growth, operating margin, and share buyback plans.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:06 pm