Streetbeat News

Revenues

RGCO

RGC Resources (NASDAQ:RGCO) reported Q2 2024 earnings of $0.63 per share with sales of $32.659M, missing the consensus estimate of $34.000M by 3.94%. This represents a 14.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:43 pm

NCSM

NCS Multistage anticipates an improvement in Q2 revenues for its US and international operations, while expecting a decline in Canadian operations. The company remains optimistic about outperforming industry changes and increasing revenue and Adjusted EBITDA in 2024 compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:40 pm

ALKT

Alkami projects its Q2 2024 revenue to be between $80.5M and $82M, closely aligning with the analyst estimate of $80.6M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:36 pm

KRMD

KORU Medical Systems projects its FY24 revenue to be between $31.2M and $33.2M, which is below the estimated $38.6M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:30 pm

AMWL

American Well (AMWL) projects its FY25 revenue to be between $335M and $350M, surpassing the estimated $322.4M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:28 pm

EQC

Equity Commonwealth (NYSE:EQC) reported Q1 2024 FFO of $0.25 per share, meeting analyst estimates, and sales of $15.190M, surpassing the $8.206M estimate. This represents an 8.7% increase in earnings per share and an 85.11% beat on sales estimates compared to the same period last year, despite a slight 2.48% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:28 pm

Z

Zillow Group projects continued double-digit revenue growth for the fiscal year 2024, indicating a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:28 pm

ASPN

Aspen Aerogels projects its FY24 EPS to be $0.03, surpassing the estimated $(0.22), with revenue expectations exceeding $380M against an estimate of $362.024M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:27 pm

CULP

Culp, Inc. has updated its Q4 2024 financial outlook, expecting a 19% decrease in net sales YoY due to industry demand weakness. The company anticipates a Q4 operating loss between $4.2M and $4.7M, ending the fiscal year with $10M in cash and no debt.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:25 pm

CULP

Culp, Inc. (NYSE:CULP) announced a major restructuring plan focused on its mattress fabrics segment to reduce costs and improve efficiency, expecting to save $10M-$11M annually. The plan includes reducing the workforce by ~240 people (~35% of the segment's workforce), consolidating operations, and transitioning to strategic sourcing models. The restructuring, aimed at addressing reduced demand and excess capacity, will also involve selling real estate and equipment to fund the costs, with anticipated cash proceeds of $10M-$12M. The company expects to return to profitability and maintain competitive advantage without impacting top-line sales.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:23 pm