Streetbeat News

Revenues

ACIW

ACI Worldwide shares surged after the company reported strong Q2 financial results, raised its FY24 revenue guidance, issued Q3 revenue guidance above estimates, and authorized a $400 million buyback.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:26 am

DRVN

Driven Brands has updated its FY24 revenue guidance to the low end of the $2.35B - $2.45B range, with an estimated $2.403B. The company also expects adjusted EPS to be at the high end of the $0.88 - $1.00 range, with an estimated $0.97.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:25 am

MYE

Myers Industries (MYE) has provided its fiscal 2024 outlook, expecting net sales growth of 5%-10% year-over-year, net income per diluted share between $0.76 and $0.91, and adjusted EPS between $1.05 and $1.20, which is below the $1.28 estimate. Capital expenditures are projected to be $30 million to $35 million, with an effective tax rate of approximately 26%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:25 am

BHC

Bausch Health Companies has updated its 2024 revenue guidance to $9.4B-$9.65B, up from the previous $9.3B-$9.55B and above the consensus of $9.397B. The company also raised its adjusted EBITDA guidance to $3.21B-$3.36B from the prior $3.20B-$3.35B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:21 am

KVHI

KVH Industries (NASDAQ:KVHI) reported Q2 2024 GAAP EPS of $(0.12), missing the $(0.09) estimate. Sales were $28.673M, below the $30.000M estimate and down 16.09% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:21 am

WCC

WESCO shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 sales growth guidance.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:19 am

SO

Southern Company (NYSE:SO) reported Q2 sales of $6.463 billion, surpassing the analyst consensus estimate of $6.099 billion by 5.96%. This marks a 12.44% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:19 am

LAUR

Laureate Education (NASDAQ:LAUR) reported Q2 2024 GAAP EPS of $0.83 and sales of $499.2 million, beating analyst estimates of $483.7 million. This represents an 8.03% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:18 am

OMCL

Omnicell has updated its FY24 guidance, projecting revenues between $1.07B-$1.110B, surpassing the previous estimate of $1.06B. Adjusted EPS is expected to be $1.20-$1.50, higher than the prior estimate of $1.11. The company cites strong first-half performance and current business visibility as reasons for the update.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:17 am

HII

Huntington Ingalls Industries (HII) has reaffirmed its FY24 outlook, projecting shipbuilding revenue between $8.8 billion and $9.1 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:17 am