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Revenues

LLY

Analysts' ratings for Eli Lilly and Co (NYSE:LLY) show a mix of bullish and somewhat bullish sentiments, with recent price targets indicating an upward trend. The average 12-month price target is $865.18, reflecting a 5.99% increase from the previous average. Key financial metrics such as revenue growth, net margin, ROE, and ROA are strong, but the company faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 9:00 pm

RTX

NASA has awarded Raytheon a contract worth $506.7 million to provide three instruments and related services for the Landsat Next mission. The contract includes a cost-plus-award-fee base period and a cost-plus-fixed-fee option period. The work will be primarily conducted at Raytheon's facilities in El Segundo, California.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:52 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) reported strong Q2 earnings, beating revenue and EPS estimates driven by AI demand. The company announced a 10-for-1 stock split and raised its fiscal-year 2024 revenue guidance. Shares rose 10.53% in after-hours trading.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 8:44 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares experienced volatility on Wednesday, initially rising due to cooler-than-expected inflation data but later giving up gains. The company recently announced new vehicle connectivity features called Connect+, which will be available this summer. Rivian's revenue growth in FY23 was 167.43%, but the stock has underperformed compared to its peers.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 8:29 pm

AVGO

Broadcom projects its FY24 adjusted EBITDA to be approximately 61% of its projected revenue, indicating strong profitability expectations.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:19 pm

AVGO

Broadcom shares are trading higher after the company reported better-than-expected Q2 financial results, issued strong revenue guidance, and announced a 10-for-1 forward split.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:18 pm

PLAY

Dave & Buster's Entertainment Inc. (NASDAQ:PLAY) shares fell after the company reported worse-than-expected Q1 results. The company missed analyst estimates for both earnings and sales, with earnings per share at $1.12 versus the expected $1.70, and sales at $588.1 million versus the expected $621.26 million. Comparable store sales also decreased by 5.6%. Despite these setbacks, the company opened four new stores and continues to focus on organic growth initiatives and share repurchases.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 8:18 pm

AVGO

Broadcom reported that its revenue from AI products reached $3.1 billion in the last quarter.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:17 pm

AVGO

Broadcom has announced its revenue forecast for fiscal year 2024, projecting approximately $51.0 billion, which is slightly above the estimated $50.42 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:16 pm

AVGO

Broadcom has provided its fiscal year 2024 revenue guidance of approximately $51 billion, slightly above the estimated $50.42 billion. The company also expects an adjusted EBITDA of about 61% of projected revenue. This guidance includes contributions from VMware.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:16 pm