Streetbeat News

Revenues

HTZ

Hertz Global Holdings Inc. is exploring options to raise financing, working with financial advisers to weigh its options. This comes after the new CEO pledged to get the company back on track following a failed bet on electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:54 pm

XYF

X Financial reported its Q1 adjusted EPADS of $0.91 and sales of $167.30 million, up from $146.33 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:54 pm

CCB

CFFN

FFIC

IBTX

KRE

NBHC

NYCB

SASR

SNV

TFSL

WAL

Regional bank stocks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), remain 13% lower than pre-SVB collapse levels. Despite a resilient first quarter for community banks, investor sentiment has not fully recovered. The FDIC reported a significant increase in net income for the banking industry, driven by reduced expenses and better securities sales. Top-performing regional bank stocks in May include Independent Bank Group, New York Community Bancorp, and Flushing Financial Corporation.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 8:53 pm

OCX

Oncocyte Corporation (NASDAQ:OCX) announced favorable data for its lead product VitaGraft Kidney, published in the New England Journal of Medicine. The data, presented at the American Transplant Congress, show potential for monitoring therapeutic efficacy and recurrence in kidney transplants.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:50 pm

PKE

Park Aerospace (NYSE:PKE) reported a 10% increase in Q4 adjusted earnings per share (EPS) to $0.11, up from $0.10 YoY. Sales also rose by 20.72% to $16.33 million, compared to $13.53 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:50 pm

VEEV

Veeva Systems shares are trading lower after the company issued weak revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:43 pm

YTRA

Yatra Online reported a Q4 revenue of $12.9 million, which is a 10.2% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:38 pm

ULTA

Ulta Beauty (NASDAQ: ULTA) reported better-than-expected Q1 earnings and sales, but lowered its FY24 guidance. The company saw a 1.6% increase in comparable sales and opened 12 new stores. Despite the positive Q1 results, Ulta adjusted its full-year sales and EPS guidance downward, anticipating continued challenges.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 8:35 pm

AMBA

Ambarella expects Q2 revenue to be between $60M and $64M, surpassing the estimated $59.338M. The company also projects a non-GAAP gross margin of 62.5% to 64.0% and non-GAAP operating expenses between $47.5M and $49.5M.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:35 pm

ZS

Zscaler has raised its FY24 revenue outlook from $2.118B - $2.122B to $2.140B - $2.142B, surpassing the estimated $2.119B. Additionally, the company has increased its adjusted EPS forecast from $2.73 - $2.77 to $2.99 - $3.01, exceeding the estimated $2.76.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:33 pm