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Revenues

PROG

PROG shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:27 pm

TSEM

Tower Semiconductor Ltd (NASDAQ:TSEM) reported a 1.7% decline in Q2 2024 revenue to $351.2 million, beating analyst estimates. Adjusted EPS of $0.53 also surpassed expectations. Despite the revenue decline, gross profit and operating profit increased. The company expects Q3 revenue of $370 million. Shares fell 2.46% premarket.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 12:24 pm

CLW

Clearwater Paper Corporation (CLW) has announced the sale of its tissue business to Sofidel America for $1.06 billion. This transaction is expected to reduce Clearwater Paper's net debt and support its transformation into a leading independent supplier of paperboard to North American converters.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:24 pm

DXR

Daxor Corporation (NASDAQ:DXR) has been awarded a $550K contract extension from the U.S. Defense Health Agency to enhance its blood volume analyzer with hematocrit measurement capabilities, eliminating the need for third-party devices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:21 pm

SMXT

SolarMax Technology, Inc. (Nasdaq: SMXT) plans to offer engineering, procurement, and construction (EPC) services for large-scale solar systems in the U.S. The company has signed a non-binding MOU for its first major commercial solar installation project in Las Vegas.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:20 pm

PMEC

Primech Holdings reported FY24 revenue of $72.5 million, marking a 5.1% year-over-year increase. The company also disclosed contracted revenues of $144.4 million as of March 31.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:18 pm

LCNB

LCNB (NASDAQ:LCNB) reported Q2 earnings of $0.29 per share, beating the analyst estimate of $0.18 by 61.11%. Sales were $19.30M, surpassing the $17.20M estimate and marking an 8.27% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:17 pm

BSBR

Banco Santander (NYSE:BSBR) reported Q2 2024 earnings of $0.22 per share, beating the analyst estimate of $0.16. Sales were $3.825 billion, surpassing the $3.556 billion estimate. Despite the positive earnings, sales decreased by 66.65% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:17 pm

AMSC

AMSC has received a $12 million order for its 3 MW class wind turbine electrical control systems from Inox Wind Limited. The majority of the shipment is expected to occur in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:15 pm

FLEX

Flex Ltd. has provided its financial outlook for fiscal year 2025, projecting revenues between $25.4 billion and $26.4 billion, compared to the consensus estimate of $25.78 billion. The company also expects adjusted EPS to be in the range of $2.30 to $2.50, versus the estimate of $2.38.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:14 pm