Streetbeat News

Revenues

ARCC

Ares Capital (NASDAQ:ARCC) reported Q1 2024 earnings of $0.59 per share, missing the consensus estimate of $0.60 by 1.67%. However, their sales of $701M exceeded estimates by 0.12% and showed a 13.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:17 am

LIVN

LivaNova has updated its financial outlook for FY24, raising its adjusted EPS forecast to $3.05-$3.15 from the previous $2.95-$3.05 range and expecting revenue growth of 8%-9% on a constant-currency basis, an increase from the prior 4%-5% estimate. The company also anticipates a 1% headwind from foreign currency based on current exchange rates and maintains its adjusted free cash flow projection at $95-$115 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:10 am

LSEA

Landsea Homes forecasts FY24 new home deliveries to range between 2,500-2,900 units, with an expected home sales gross margin of 7%-18%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

LSEA

Landsea Homes anticipates delivering between 600 to 650 new homes in Q2, with a projected home sales gross margin of 15%-16%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:07 am

DD

DuPont has increased its FY24 financial outlook, now expecting higher revenue and adjusted EPS than previously forecasted. The new revenue range is $12.10B to $12.40B, up from the prior $11.90B to $12.30B, aligning with a $12.10B estimate. Adjusted EPS is now anticipated to be between $3.45 and $3.75, an increase from the earlier range of $3.25 to $3.65, versus a $3.46 estimate. CFO Lori Koch highlighted the updated guidance reflects expected improvements in net sales, operating EBITDA, and adjusted EPS, with mid-point estimates now at $12.25 billion for net sales and $3.60 per share for adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:05 am

DD

DuPont (DD) has raised its financial guidance for the year, with Q2 revenue meeting estimates at $3.025B and adjusted EPS surpassing estimates at $0.84. The company now expects full-year 2024 net sales of $12.25 billion, operating EBITDA of $2.975 billion, and adjusted EPS of $3.60.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:03 am

ENTG

Entegris projects Q2 revenue to be between $790M-$810M, below the estimated $813.39M, with adjusted EPS of $0.68-$0.73, potentially missing the $0.73 estimate. The guidance suggests an 8.5% sequential sales increase, excluding divestitures, with GAAP net income expected between $64M-$71M. Adjusted EBITDA is forecasted to be around 28% of sales.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:03 am

NIO

NIO shares are trading higher following a report that the company's vehicle deliveries in April surged by 134.6% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:57 am

AMZN

Amazon.com Inc's 'Fallout' TV series has attracted 65 million viewers in 16 days, making it the second most-watched show on Amazon after 'The Lord of the Rings: The Rings of Power'. The series, particularly popular among adults aged 18-34, has been renewed for a second season. Its success has also boosted interest in the Fallout video game franchise, with Fallout 76 seeing 1 million players in a day, despite Fallout 4's next-gen upgrade facing technical issues.

Portfolio Pulse from Franca Quarneti

April 30, 2024 | 11:08 pm

PCG

PG&E announced in an emailed statement that its deal with KKR is expected to reduce rates by over $100 million in the next 20 years. PG&E will retain majority ownership of Pacific Generation.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:00 pm