Streetbeat News

Revenues

DAWN

Day One Biopharmaceuticals announced an oversubscribed private placement, raising approximately $175 million by offering 10.55 million shares at $14.50 per share. Certain investors also purchased pre-funded warrants.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:17 am

B

Barnes Aerospace has announced a long-term agreement with MTU Aero Engines AG valued at $33 million. This partnership is expected to enhance Barnes Aerospace's market position and revenue stream.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:16 am

ARMP

Armata Pharmaceuticals has received an additional $5.25 million in non-dilutive funding from a Department of Defense grant to support the development of its phage candidate, AP-SA02, for treating complicated Staphylococcus aureus bacteremia.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:16 am

SPGI

S&P Global reported Q2 2024 adjusted EPS of $4.04, beating the estimate of $3.65. Sales were $3.549 billion, surpassing the expected $3.421 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:14 am

GLW

Corning (NYSE:GLW) reported Q2 2024 adjusted EPS of $0.47, beating the estimate of $0.46. Sales were $3.60 billion, surpassing the $3.54 billion estimate and showing a 3.50% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:13 am

SOFI

SoFi Technologies has updated its FY24 revenue guidance to a range of $2.425 billion to $4.465 billion, compared to the previous estimate of $2.783 billion and prior guidance of $2.39 billion to $2.43 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:12 am

INCY

Incyte has updated its 2024 financial guidance, raising the lower end of its Jakafi net product revenue forecast to $2.71B-$2.75B from the previous $2.69B-$2.75B. The company also updated its R&D expenses due to the acquisition of Escient Pharmaceuticals, while maintaining other revenue and expense guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:11 am

HWM

Howmet Aerospace has provided its Q3 and FY24 financial guidance, projecting higher-than-expected revenue and adjusted EPS. For Q3, the company expects revenue between $1.845 billion and $1.865 billion, surpassing the $1.81 billion estimate, and adjusted EPS between $0.63 and $0.65, above the $0.60 estimate. For FY24, Howmet forecasts revenue between $7.40 billion and $7.48 billion, exceeding the $7.33 billion estimate, and adjusted EPS between $2.53 and $2.57, higher than the $2.39 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:08 am

LGIH

LGI Homes (NASDAQ:LGIH) reported Q2 2024 earnings per share (EPS) of $2.48, beating the analyst estimate of $2.22. However, the company's sales of $602.497 million missed the estimate of $625.200 million and were down 6.63% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:08 am

TRNR

Interactive Strength Inc. (NASDAQ:TRNR) has secured exclusive distribution rights for its CLMBR fitness equipment in Germany and received a six-figure initial order, expected to ship in Q3 2024. Germany is the largest fitness market outside the US.

Portfolio Pulse from charles@benzinga.com

July 30, 2024 | 11:07 am