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Revenues

KAI

Kadant Inc. has announced its financial guidance for FY24, maintaining its adjusted EPS in the range of $9.75 to $10.05, compared to the estimated $9.81. The company also forecasts revenue between $1.040 billion and $1.065 billion, slightly below the estimated $1.063 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:28 pm

ESS

Essex Property Trust, Inc. (ESS) has revised its full-year 2024 guidance, projecting a Core FFO per diluted share of $15.03 to $15.43, which is below the $15.52 estimate. The company expects net income per diluted share to increase by $2.92 to a midpoint of $8.24, and forecasts growth in same-property revenues and NOI.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:23 pm

UDR

UDR, Inc. (NYSE:UDR) reported its Q1 2024 FFO As Adjusted per share at $0.61, meeting analyst consensus estimates. The company's rental income for the quarter was $411.669 million, surpassing the expected $409.645 million by 0.49% and marking a 3.35% increase from the previous year's $398.307 million.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:21 pm

INVH

Invitation Homes (NYSE:INVH) reported Q1 2024 Core FFO of $0.47 per share, surpassing the $0.46 estimate, with sales of $646.039M beating the $631.571M estimate, marking a 9.52% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:17 pm

KRG

Kite Realty Gr Trust (NYSE:KRG) reported Q1 FFO of $0.50 per share, meeting analyst estimates but marking a 1.96% decrease from last year. Sales were $207.44M, slightly missing estimates by 0.20% but showing a 0.33% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:16 pm

MMSI

Merit Medical forecasts its FY24 adjusted EPS to be between $3.28 and $3.35, compared to the estimated $3.32. The company also projects net sales to range from $1.312 billion to $1.325 billion, closely aligning with the estimated $1.32 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:16 pm

STAG

Stag Industrial reported Q1 2024 Core FFO of $0.59 per share, surpassing the $0.58 estimate, and Rental Income of $187.402M, exceeding the $183.842M estimate. This represents an 8.16% increase over the previous year's sales of $173.268M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:11 pm

MATX

Matson expects FY24 Ocean Transportation operating income to exceed $294.8M from 2023, with a moderate increase in Q2 2024. Logistics operating income for Q1 2024 was $9.3M, down from 2023, with a forecasted decrease for FY24 due to market softness. Consolidated operating income for FY24 is anticipated to be slightly higher than $342.8M from 2023, with depreciation and amortization at $180M. Interest income is expected to rise to $45M, partly due to a $10.2M federal tax refund. Interest expense is projected at $8M, with other income at $7M. The effective tax rate for FY24 is estimated at 22%. Capital expenditures for FY24 are expected between $110M-$120M, with additional investments in new vessel construction and LNG installations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:09 pm

AMZN

Amazon announced that its AWS segment has reached a $100 billion annual revenue run rate, highlighting the segment's significant growth and its importance to Amazon's overall business.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:05 pm

AMZN

AWS (Amazon Web Services) reported a 17% year-over-year increase in sales, indicating strong growth in Amazon's cloud computing segment.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:04 pm