Streetbeat News

Revenues

EOLS

Evolus has raised its FY24 net revenue guidance to $260M - $270M, up from $255M - $265M, with an estimated $262.495M. The company expects an adjusted gross profit margin of 68%-71% for FY24 and aims for positive non-GAAP operating income in Q4 2024 and FY25. Evolus projects total net revenue to reach at least $700M by 2028, driven by its existing neurotoxin business and the anticipated launch of the Evolysse™ HA dermal filler product line in 2025.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:31 pm

PDM

Piedmont Office Realty (NYSE:PDM) reported Q2 2024 earnings per share of $0.37, meeting analyst expectations but showing a 17.78% decrease from the previous year. The company reported sales of $143.262 million, beating the estimate of $141.335 million by 1.36% and showing a slight increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:29 pm

OLO

Olo Inc. has announced its Q3 revenue forecast to be between $70.8 million and $71.3 million, surpassing the estimated $69.09 million. Additionally, the company projects its FY24 revenue to be between $279.5 million and $280.5 million, exceeding the estimated $275.54 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:29 pm

UDMY

Udemy has revised its Q3 revenue expectations to $191M - $194M, below the estimated $210.17M. Additionally, the company has cut its FY24 forecast from $795M - $805M to $776M - $782M, compared to the estimated $799.2M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:29 pm

KGC

Kinross Gold (NYSE:KGC) reported Q2 2024 earnings of $0.17 per share, beating the analyst estimate of $0.13. The company also reported sales of $1.22 billion, surpassing the $1.13 billion estimate and showing an 11.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:29 pm

MAX

MediaAlpha has projected its Q3 revenue to be between $240 million and $255 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:28 pm

CACI

CACI International Inc (CACI) has been awarded a five-year task order worth up to $319 million to provide intelligence systems expertise to the U.S. Army. The task order will support the Army, other Services, and foreign military partners in maintaining a state-of-the-art environment for current threat data.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:28 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) reported worse-than-expected Q2 results, with a significant miss on both earnings and revenue estimates. The company faced a 52% decrease in Bitcoin production and a substantial increase in mining costs due to the Bitcoin block subsidy 'halving' event and increased network difficulty. Despite these challenges, Riot reported higher Bitcoin mining revenue compared to the same period last year, driven by higher average Bitcoin prices and increased operational hash rate.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 9:28 pm

RHP

Ryman Hospitality Properties (NYSE:RHP) reported strong Q2 2024 earnings, with FFO of $2.78 per share beating the $2.29 estimate and sales of $613.290 million surpassing the $595.316 million estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:27 pm

MDXG

MIMEDX expects its net sales to grow in the mid-to-high single digits percentage-wise in 2024 compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:26 pm