Streetbeat News

Revenues

OBK

Origin Bancorp (NYSE:OBK) reported Q2 2024 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.62. Sales were $96.355 million, surpassing the $91.080 million estimate. Despite the beat, EPS decreased by 4.29% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:42 pm

INBK

First Internet (NASDAQ:INBK) reported Q2 2024 adjusted EPS of $0.72, beating the estimate of $0.71. Sales were $32.360M, surpassing the $22.866M estimate and showing a 34.74% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:42 pm

WCN

Waste Connections has provided its financial outlook for FY24, projecting revenues of approximately $8.85 billion, slightly below the estimated $8.871 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:42 pm

MXL

MaxLinear has revised its Q3 revenue guidance to a range of $70 million to $90 million, significantly below the previous estimate of $100.044 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:40 pm

MCRI

Monarch Casino & Resort (NASDAQ:MCRI) reported Q2 2024 earnings per share (EPS) of $1.19, surpassing the analyst estimate of $1.11 by 7.21%. The company also reported sales of $128.143 million, beating the estimate of $126.307 million by 1.45%. This marks a 3.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:40 pm

IBM

IBM reported strong Q2 financial results, beating analyst estimates on both earnings and revenue. The company saw growth in software and infrastructure revenue, and a slight decline in consulting revenue. IBM raised its full-year free cash flow outlook to more than $12 billion. Shares rose 2.17% after-hours.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 8:39 pm

ALRS

Alerus Financial (NASDAQ: ALRS) reported Q2 2024 earnings per share (EPS) of $0.31, missing the analyst consensus estimate of $0.36 by 13.89%. However, the company reported quarterly sales of $51.372 million, beating the analyst consensus estimate of $49.058 million by 4.72%. This represents a 7.00% increase over sales of $48.012 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:38 pm

RBBN

Ribbon Communications projects continued sequential growth for Q3 2024 with revenue expected between $205M and $220M, non-GAAP gross margin between 53% and 53.5%, and adjusted EBITDA between $25M and $30M. Full-year 2024 targets have been adjusted to revenue between $830M and $850M, non-GAAP gross margin between 54% and 54.5%, and adjusted EBITDA between $105M and $115M.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:38 pm

HP

Helmerich & Payne reported Q3 2024 earnings per share (EPS) of $0.88, which is below the estimated $0.93. However, the company exceeded revenue expectations with $698 million compared to the estimated $664.9 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:38 pm

QCRH

QCR Holdings (NASDAQ:QCRH) reported Q2 2024 adjusted EPS of $1.73, beating the $1.41 estimate by 22.7%. However, sales of $56.163M missed the $65.249M estimate by 13.93%. EPS increased by 2.37% YoY, while sales grew by 5.56% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:37 pm