Streetbeat News

Revenues

BIO

Bio-Rad has reaffirmed its financial outlook for FY24, expecting non-GAAP, currency-neutral revenue growth of 1.0 to 2.5 percent and a non-GAAP operating margin of 13.5 to 14.0 percent.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:24 pm

HASI

Hannon Armstrong (NYSE:HASI) reported Q1 2024 adjusted EPS of $0.68, surpassing the $0.57 estimate, but its sales of $68.692M fell short of the $77.095M forecast, marking a 59.35% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:22 pm

LYFT

Lyft projects Q2 gross bookings to be around $4B-$4.1B with an Adjusted EBITDA of $95M-$100M, equating to a margin of ~2.4%. The company anticipates positive free cash flow for FY'24, with rides growth in the mid-teens and bookings growth slightly outpacing rides growth. Lyft now expects at least 70% of its Adjusted EBITDA to convert to free cash flow for the full year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:21 pm

BROS

Dutch Bros has revised its FY24 outlook, increasing total revenue projections to $1.20B-$1.215B from the previous $1.19B-$1.205B, and raising adjusted EBITDA estimates to $195M-$205M from $185M-$195M. The company expects to maintain its total system shop openings in the range of 150-165, with same shop sales growth in the low single digits and capital expenditures between $280M-$320M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:20 pm

RDDT

Reddit has projected its Q2 2024 revenue to be between $240M and $255M, surpassing the estimated $223.830M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:16 pm

HCKT

The Hackett Group (HCKT) forecasts Q2 EPS of $0.36-$0.39, below the estimated $0.42, and revenue of $73.5M-$75M, under the expected $78.3M. The outlook assumes a 27.2% GAAP effective tax rate.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:14 pm

UPST

Upstart Holdings, Inc. (UPST) forecasts Q2 revenue to be around $125 million, falling short of the estimated $140.83 million. The company expects revenue from fees to be approximately $135 million and anticipates achieving positive EBITDA in Q4.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:13 pm

ANET

Arista Networks projects its Q2 revenue to be between $1.62B and $1.65B, aligning with the estimated $1.62B.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:10 pm

EA

Electronic Arts (EA) forecasts its FY24 net revenue to be between $7.1 billion and $7.5 billion, with net bookings projected to be between $7.3 billion and $7.7 billion.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:08 pm

EA

EA's Q4 total net revenue was reported at $1.779 billion, marking a 5% decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:07 pm