Streetbeat News

Revenues

IGT

International Game Technology (IGT) has withdrawn its FY24 revenue guidance of approximately $4.4 billion due to the planned sale of its Gaming & Digital business. The company will classify and report these results as discontinued operations starting in Q3 2024 and will provide a new outlook for continuing operations once the reporting is complete.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:44 am

SYM

Symbiotic shares are trading lower after the company reported worse-than-expected Q3 earnings results and issued Q4 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:42 am

CVEO

Civeo is maintaining its previously provided FY24 revenue guidance range of $625M-$700M, which aligns with the $665.18M estimate. The company also maintains its Adjusted EBITDA guidance of $80M-$90M and capital expenditure guidance of $30M-$35M for the full year of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:36 am

SITC

SITE Centers (NYSE:SITC) reported Q2 2024 earnings per share of $0.27, beating the analyst estimate of $0.24. Sales were $114.129 million, also surpassing the estimate of $113.504 million. However, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:34 am

EXP

Eagle Materials (NYSE:EXP) reported Q1 2025 GAAP EPS of $3.94, beating the estimate of $3.78. However, sales of $608.689 million missed the estimate of $624.182 million. Sales increased by 1.19% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:34 am

LSCC

Lattice Semiconductor shares are trading lower after the company reported worse-than-expected Q2 financial results and issued weak Q3 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:34 am

MRK

Merck has updated its full-year 2024 financial outlook, expecting sales between $63.4 billion and $64.4 billion, slightly higher than prior guidance. However, non-GAAP EPS is revised down to $7.94-$8.04 from $8.53-$8.65.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:33 am

CVEO

Civeo (NYSE:CVEO) reported Q2 earnings of $0.56 per share, significantly beating the analyst estimate of $0.21. Sales also surpassed expectations, coming in at $188.71 million versus the $173.70 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:33 am

GPK

Graphic Packaging Holding (NYSE:GPK) reported Q2 earnings of $0.60 per share, beating the analyst estimate of $0.57. However, sales of $2.24 billion missed the $2.26 billion estimate. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:31 am

MRK

Merck & Co reported Q2 2024 adjusted EPS of $2.28, beating the estimate of $2.15. Sales were $16.112 billion, surpassing the estimate of $15.841 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:31 am