Streetbeat News

Revenues

MOLN

Molecular Partners expects to be funded into 2026 with cash and short-term deposits of CHF 174.1 million. The company anticipates total operating expenses of CHF 70-80 million for 2024.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:16 pm

SPY

Federal Reserve's Raphael Bostic reports that businesses are reaching the limits of their pricing power and are unable to fully pass through input costs. This could indicate potential pressure on profit margins and overall economic growth.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:14 pm

FLO

Flowers Foods has provided its financial guidance for FY24, projecting adjusted EPS between $1.20 and $1.30, compared to the consensus estimate of $1.24. The company also expects sales to be in the range of $5.091 billion to $5.172 billion, versus the estimated $5.16 billion.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:13 pm

FLO

Flowers Foods (NYSE:FLO) reported Q1 2024 earnings per share of $0.38, missing the analyst estimate of $0.41 by 7.32%. The company also reported sales of $1.576 billion, slightly below the $1.579 billion estimate, but a 2.74% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:12 pm

CBRL

Cracker Barrel has announced that it expects its Q3 and Q4 financial results to be below its previous expectations due to weaker than anticipated customer traffic.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:12 pm

DESP

Despegar.com has projected its FY24 revenue to be at least $820 million, slightly below the estimated $821.704 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:11 pm

ALSN

AMC

GME

GTX

Rod Alzmann, founder of GMEdd.com and early GameStop investor, is shifting his focus away from meme stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) due to their high volatility and risk. Instead, he is targeting automotive component providers such as Allison Transmission Holdings (NYSE:ALSN) and Garrett Motion (NASDAQ:GTX), which he believes are undervalued and aggressively buying back stock.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 8:09 pm

DESP

Despegar.com (NYSE:DESP) reported Q1 2024 earnings per share (EPS) of $0.07, missing the analyst consensus estimate of $0.15 by 53.33%. However, the company reported quarterly sales of $173.7 million, beating the analyst consensus estimate of $171.556 million by 1.25%. This represents a 9.45% increase over sales of $158.707 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:09 pm

AIRI

Air Industries Group has received orders valued at $8.2 million for components used in UH-60 Black Hawk and H-92 helicopters.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:05 pm

AMAT

Applied Materials (AMAT) expects Q3 net revenue to be approximately $6.65 billion, plus or minus $400 million, compared to the estimated $6.576 billion. The company also projects adjusted EPS to be between $1.83 and $2.19, against an estimated $1.98.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:05 pm