Streetbeat News

Revenues

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

SWI

SolarWinds Corp has provided its financial outlook for the full year of 2024, expecting revenue between $778M and $788M, adjusted EBITDA between $368M and $375M, and non-GAAP diluted EPS between $1.04 and $1.08.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:06 pm

DNUT

EWP

Krispy Kreme has announced a joint venture with Glaseadas Originales to expand into Spain by 2025. The company plans to open a Hot Light Theater Shop in Madrid and create over 500 points of access in key cities including Madrid, Barcelona, Valencia, and Malaga.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:06 pm

APLS

Apellis Pharmaceuticals reported Q2 2024 GAAP EPS of $(0.30), beating the estimate of $(0.32). Sales were $199.70M, surpassing the $191.51M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:06 pm

K

Kellanova has raised its FY24 organic basis net sales growth guidance from 3%+ to 3.5% and increased its adjusted EPS guidance from $3.55-$3.65 to $3.65-$3.75.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:04 pm