Streetbeat News

Revenues

THR

Thermon Group projects FY25 revenues of $527M-$553M, representing a 9% YoY growth, and adjusted EPS of $1.90-$2.06. The company remains optimistic despite a cautious macroeconomic backdrop.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:56 am

VFS

VinFast Auto Ltd. (NASDAQ: VFS) shares are trading slightly lower premarket as the company considers postponing its $4 billion factory in North Carolina due to challenges in appealing to American consumers. The factory, initially planned for completion in July 2024, was already delayed to 2025 and may face further delays. VinFast sold fewer than 1,000 cars in North America last year and is currently reviewing all aspects of the construction process.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 10:51 am

THR

Thermon Group Holdings (NYSE:THR) reported Q4 earnings of $0.34 per share, beating the analyst estimate of $0.32. Sales were $127.65 million, also surpassing the estimate of $126.66 million. Despite the earnings beat, EPS decreased by 17.07% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:50 am

NTIOF

National Bank of Canada (OTC:NTIOF) reported Q2 2024 adjusted EPS of C$2.54, beating the estimate of C$2.45, but sales of C$2.750 billion missed the estimate of C$2.791 billion.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:46 am

AAP

During the sixteen weeks ended April 20, 2024, Advance Auto Parts (AAP) opened 7 stores and branches and closed 17, resulting in a total of 5,097 locations, down from 5,107 on December 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:43 am

CMCO

Columbus McKinnon (CMCO) projects fiscal year 2025 sales growth in the low-single digits year-over-year and adjusted EPS growth in the mid to high-single digits year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:43 am

CMCO

Columbus McKinnon (CMCO) anticipates low single-digit year-over-year sales growth and flat to slightly down adjusted EPS growth for Q1.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:41 am

AAPL

AMZN

ARM

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Hedge funds' exposure to major U.S. tech companies has reached a record high, driven by Nvidia's strong earnings. The 'Magnificent Seven' tech giants now represent 20.7% of hedge funds' net exposure to U.S. stocks. Analysts highlight Nvidia and Arm Holdings for long-term growth, but advise diversification due to potential challenges and geopolitical factors.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 10:41 am

AAP

Advance Auto Parts has reaffirmed its 2024 EPS expectation of $3.75-$4.25, compared to the consensus of $3.82. The company also sees net sales of $11.3B-$11.5B, slightly above the consensus of $11.349B.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:36 am

LLAP

Terran Orbital has announced key appointments to its executive team to accelerate revenue growth and achieve free cash flow positivity.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:34 am