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ZYME

Zymeworks Inc. announced its participation in the AACR Annual Meeting with five abstracts accepted for poster presentations, showcasing advancements in antibody-drug conjugate and multispecific antibody therapeutics. The presentations will cover the preclinical activity of ZW191, a FRα-targeting antibody-drug conjugate, and next-generation trispecific T cell engagers with CD28 costimulation, demonstrating progress in developing treatments for difficult-to-treat diseases.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:35 pm

OFIX

Orthofix projects its 2024 net sales to be between $785M-$795M and anticipates becoming free cash flow positive by Q4 2024. The company also forecasts a significant increase in its non-GAAP adjusted EBITDA, estimating it to be between $62M-$67M, which represents a $15.7M-$20.7M rise compared to the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:32 pm

HCP

HashiCorp has provided its financial outlook for FY25, expecting total revenue to be between $643M-$647M, which is below the estimated $655.05M. The company also forecasts an adjusted EPS of $0.05-$0.07, lower than the estimated $0.14.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:28 pm

JWN

Nordstrom projects its FY24 EPS to be between $1.65 and $2.05, below the estimated $2.05, with revenue ranging from a 2% decline to 1% growth compared to fiscal 2023. This outlook includes new Rack store openings, growth in digital sales, and comparable store sales growth. The company also forecasts a 3.5 to 4.0 percent EBIT margin and an income tax rate of approximately 27%. The 53rd week in fiscal 2023 is expected to unfavorably impact year-over-year comparisons.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:25 pm

HCP

HashiCorp forecasts Q1 total revenue to be between $152M-$154M, slightly above the estimated $152.677M. The company also projects its non-GAAP EPS to range from $(0.02) to $0.00, which is below the estimated $0.01.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:24 pm

BIRD

Allbirds, Inc. has finalized two international distribution agreements, expanding its global reach. These deals are expected to enhance Allbirds' market presence and potentially increase its revenue streams from international sales.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:24 pm

OLP

One Liberty Properties (OLP) reported a Q4 FFO of $0.50 per share, down 3.85% from $0.52 YoY. Sales were $22.74M, beating estimates by 1.30% but down 17.95% from $27.71M YoY.

Portfolio Pulse from Happy Mohamed

March 05, 2024 | 9:22 pm

VWE

Vintage Wine Estates, Inc. (VWE) is advancing its restructuring plan by focusing on Super Premium+ wine and cider, selling non-core assets to reduce debt, and improving cash generation. The company has retained Oppenheimer & Co. to facilitate asset sales, receiving multiple bids and a non-binding letter of intent. A forbearance agreement with lenders allows VWE to continue its transformation efforts, with $324.3 million in principal amounts outstanding as of February 29, 2024. VWE plans to report its Q2 fiscal 2024 results on March 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:21 pm

BOX

Box Inc. forecasts its FY25 revenue to be between $1.08B and $1.085B, slightly below the estimated $1.088B, with an adjusted EPS of $1.53-$1.57, under the estimated $1.70. The revenue growth represents a 5% increase year-over-year at the high end, or 6% on a constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:20 pm

BKCC

BlackRock Cap Inv (NASDAQ:BKCC) reported Q4 2023 earnings of $0.120 per share, meeting consensus estimates. Quarterly sales were $20.309M, exceeding estimates by 1.24% and marking a 16.32% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:20 pm