Streetbeat News

Revenues

VVV

Valvoline updates its FY24 revenue forecast to $1.60B-$1.65B from the previous $1.60B-$1.70B, and narrows its adjusted EPS guidance to $1.45-$1.65 from $1.40-$1.65. The company also maintains its outlook for system-wide SSS growth, store additions, adjusted EBITDA, and capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:07 am

AFRM

Affirm Holdings, Inc. projects its Q4 revenue to be between $585M and $605M, surpassing the estimated $576.34M. The company also forecasts its Gross Merchandise Volume (GMV) to range from $6.75B to $6.95B.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:06 am

PFGC

Performance Food Group (PFGC) reported Q3 adjusted earnings of $0.80 per share, missing the $0.84 estimate, and sales of $13.86B, below the $14.19B estimate. This represents a 3.61% decrease in earnings and a 0.63% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:04 am

NFE

New Fortress Energy (NFE) reported Q1 2024 earnings of $0.67 per share, meeting analyst estimates, with sales of $690.321M, exceeding expectations by 8.12% and marking a 19.20% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:04 am

SHOP

Shopify anticipates its Q2 revenue to grow at a high-teens percentage year-over-year, signaling a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:02 am

FSRN

MGA

Fisker Inc's Austrian unit, Fisker GmbH, has filed for bankruptcy protection in Austria, aiming to restructure and protect its business. This move does not affect other Fisker entities. The company has been facing financial difficulties, with its shares delisted from the NYSE and a significant cash shortage. Fisker manufactures its Ocean SUV at Magna International's plant in Graz, Austria.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 11:01 am

MNDO

MIND C.T.I. reported its Q1 earnings per share (EPS) at $0.07, consistent with the previous year's results. The company's sales rose to $5.8 million from $5.5 million year-over-year (YoY).

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:59 am

ACM

AECOM, in a joint venture with Arup, has been selected as the design and consenting service partner for the UK National Grid's Great Grid Partnership. This project aims to enhance the UK's power transmission network, supporting the country's transition to renewable energy. The partnership underscores AECOM's strategic expansion in infrastructure and energy services, potentially boosting its market position and future revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:56 am

NEUE

NeueHealth forecasts its 2024 revenue to be around $1B, slightly below the consensus estimate of $1.01B. The revenue is expected to be split between its NeueCare segment ($310M-$320M) and NeueSolutions segment ($690M-$700M).

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:50 am

VLN

Valens Semiconductor has updated its Q2 revenue guidance to $12.5M-$13.0M, up from an initial estimate of $11.35M, citing slightly improved customer demand despite a challenging macroeconomic environment. The company also provided updates on expected gross margin and adjusted EBITDA loss.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 am