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Revenues

EVRI

Everi Holdings Inc. (EVRI) forecasts a decrease in FY24 Adjusted EBITDA, attributing the decline to challenges in its Games segment. The FinTech segment is expected to remain stable in Q2 and achieve growth in the latter half of the year. Free Cash Flow is anticipated to decrease from 2023, with capital expenditures and cash interest remaining consistent, and cash taxes estimated between $15 million to $20 million.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:05 am

MPLN

MultiPlan has reaffirmed its revenue guidance for 2024, projecting revenues to be between $1 billion and $1.03 billion, aligning closely with the consensus estimate of $1.02 billion.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:04 am

LL

LL Flooring anticipates $13M in capital expenditures for FY24 amidst a challenging macroeconomic environment, with no financial guidance provided due to uncertainties. The company expects to maintain adjusted gross margins through cost management and strategic initiatives, despite pressures from inflation and a volatile interest rate environment. A potential sale leaseback of its Sandston, VA Distribution Center is being pursued to optimize the supply chain and improve liquidity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:02 am

LPX

Louisiana-Pacific projects a 20-25% increase in Q2 siding net sales and an 11-13% growth for FY24. This forecast suggests a strong demand for their siding products and a positive outlook for the company's financial performance in the near to mid-term.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:02 am

MSFT

Microsoft Corp (NASDAQ:MSFT) is closing its engineering center in Lagos, Nigeria due to economic challenges, impacting over 200 jobs. This decision reflects Microsoft's strategic adjustments amid global economic conditions, even as it continues to invest in AI and cloud services in other regions, including significant investments in the U.S., Indonesia, and Malaysia.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 10:01 am

OPFI

OppFi Inc has updated its FY24 revenue guidance to $510M-$530M, aligning with the $520.12M estimate. The company also raised its adjusted EPS forecast to $0.58-$0.62, up from the prior $0.53-$0.57, against a $0.55 estimate. Adjusted net income expectations were increased to $50M-$54M from the previous $46M-$49M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:52 am

DIS

The Walt Disney Company (NYSE:DIS) reported a significant loss of 2.3 million subscribers for Disney+ Hotstar in India during its second-quarter earnings. The Average Monthly Revenue Per Paid Subscriber also fell by 45% to $0.70. Star India, another Disney venture, saw a 17% decline in quarterly revenue to $105 million, though its operating losses decreased to $27 million from $99 million the previous year. Disney took over $2 billion in charges for goodwill impairments related to Star India and other Indian ventures, following a joint venture agreement with Reliance Industries.

Portfolio Pulse from Utkarsh Roshan

May 08, 2024 | 9:44 am

EC

Ecopetrol reported a decrease in Q1 net income attributable to owners, down to COP 4.012 trillion from COP 5.660 trillion year-over-year. Sales also decreased to COP 31.30 trillion from COP 38.854 trillion YoY.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:24 am

VIV

Telefonica Brasil (NYSE:VIV) reported Q1 earnings per share of $0.11, meeting analyst estimates, and a 14.58% increase from last year. Sales reached $2.74B, exceeding the $2.57B estimate, marking an 11.81% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:00 am

ICCH

ICC Holdings (NASDAQ:ICCH) reported a significant increase in its Q1 earnings per share, rising 41.51% to $0.75 from $0.53 YoY. Sales also saw a healthy increase of 17.65%, reaching $23.08M from $19.62M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:56 am