Streetbeat News

Revenues

THS

TreeHouse Foods projects its Q2 revenue to be between $770M and $800M, which is in line with the analyst estimate of $796.24M.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:01 am

THS

TreeHouse Foods projects its FY24 revenue to be in the range of $3.43B to $3.50B, which is around the analyst estimate of $3.45B.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:00 am

BNTX

BioNTech has reaffirmed its revenue guidance for the 2024 financial year, projecting revenues of €2.5B-€3.1B. The company also outlined its planned expenses, including R&D expenses of €2.4B-€2.6B, SG&A expenses of €700M-€800M, and capital expenditures for operating activities of €400M-€500M.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:54 am

IDR

Idaho Strategic Resources (AMEX:IDR) reported Q1 2024 earnings of $0.17 per share with sales of $5.899M, surpassing the $4.9M estimate. This represents a 76.51% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:38 am

CNA

CNA Financial reported Q1 2024 sales of $3.444 billion, surpassing the analyst consensus estimate of $2.997 billion by 14.91% and marking a 9.26% increase from the previous year's sales of $3.152 billion.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:35 am

LKNCY

SBUX

VTI

XLY

Former Starbucks CEO Howard Schultz has called for a major overhaul of the company amid a sales slump, citing a need to revamp operations and improve the customer experience. Starbucks faces challenges from inflation, competition in China from Luckin Coffee, and a significant drop in sales due to various factors. The company's second-quarter results fell short of expectations, with a 4% decline in global comparable store sales and earnings missing analyst estimates. Despite these challenges, Schultz remains optimistic about Starbucks' recovery, especially in China. Starbucks stock has declined over 31% in the last 12 months, but shares are trading higher in premarket.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 10:31 am

NYC

American Strategic Investment Co. (NYSE:NYC), also known as ASIC, announced a new lease agreement for 8,000 square feet in the first quarter, increasing its portfolio occupancy to 87.2%. The company also highlighted a leasing pipeline of approximately 14,000 square feet.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:28 am

IART

Integra LifeSciences has updated its FY24 revenue and adjusted EPS forecasts to $1.672B-$1.687B and $3.01-$3.11, respectively, from prior forecasts of $1.603B-$1.618B and $3.15-$3.25. This update reflects an 8.4%-9.4% reported growth and 3.3%-4.3% organic growth, considering the Acclarent acquisition and a $10M revenue adjustment from SurgiMend and PriMatrix relaunches.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:08 am

L

Loews Corporation reported a Q1 earnings per share (EPS) of $2.05, an increase from $1.61 year-over-year (YoY). Sales also rose to $4.23 billion from $3.78 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:07 am

IART

Integra LifeSciences (IART) updates its Q2 revenue forecast to $411M-$416M, surpassing the $395.8M estimate, with adjusted EPS of $0.60-$0.65, below the $0.75 estimate. For 2024, revenue is expected to be $1.672B-$1.687B with adjusted EPS of $3.01-$3.11, reflecting the Acclarent acquisition and organic growth.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:03 am