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Revenues

ALGM

Allegro MicroSystems (ALGM) has provided its Q2 financial outlook, expecting net sales between $182M and $192M, with an estimated gross margin of 49% to 51%. Interest expense is projected to be around $7 million, and diluted EPS is anticipated to range from $0.04 to $0.08. Excluding incremental interest costs from a recent share repurchase, non-GAAP diluted EPS at the midpoint is expected to be $0.08.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:48 am

OBE

Obsidian Energy reported Q2 2024 GAAP EPS of C$0.46, missing the estimate of C$1.50. However, production revenues increased to C$208.4 million from C$166 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:48 am

ALGM

Allegro MicroSystems expects a return to low double-digit sequential sales growth in Q2.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:46 am

SABR

Sabre Corporation has provided its financial outlook for Q3, Q4, and FY 2024. The company expects Q3 revenue to be around $775M, slightly above estimates, and Q4 revenue to be around $725M, slightly below estimates. For FY 2024, Sabre has raised its revenue forecast from $3.04B to $3.05B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:46 am

LAUR

Laureate Education has reiterated its FY24 revenue guidance of $1.551B-$1.566B, adjusting for recent foreign currency volatility, particularly the Mexican peso. The company expects total enrollments to grow by 4%-5% and adjusted EBITDA to grow by 5%-8% on an as-reported basis.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:43 am

BSIG

BrightSphere Investment (NYSE:BSIG) reported Q2 2024 earnings of $0.45 per share, beating the analyst estimate of $0.41. Sales were $108.3 million, surpassing the $104.9 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:41 am

STGW

Stagwell has reiterated its financial guidance for FY24, projecting organic net revenue growth of 5%-7% YoY and adjusted EPS of $0.75-$0.88, compared to the $0.78 estimate. The company also expects adjusted EBITDA of $400 million to $450 million and free cash flow conversion of approximately 50%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:40 am

APG

APi Group has announced its Q3 and FY24 revenue guidance. The company expects Q3 revenue to be between $1.86B and $1.91B, slightly below the $1.93B estimate. For FY24, revenue is projected to be between $7.15B and $7.35B, close to the $7.23B estimate. The company also reaffirmed its full-year net revenue guidance and narrowed its adjusted EBITDA range.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:39 am

JHG

Janus Henderson Group (NYSE:JHG) reported Q2 2024 adjusted EPS of $0.85, beating the estimate of $0.73. Sales were $588.4M, surpassing the $568.79M estimate and showing a 13.92% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:38 am

IONS

Ionis Pharmaceuticals reported Q2 2024 adjusted EPS of $(0.24), beating the estimate of $(0.92). Sales were $225 million, surpassing the $150.073 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:37 am