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Revenues

DIOD

Diodes Incorporated (DIOD) forecasts Q2 2024 revenue to be around $316M, +/- 3%, which is below the estimated $327.62M. The company expects a 4.6% sequential increase in revenue, indicating a return to typical seasonal growth. The projected GAAP gross margin is 33.5%, +/- 1%, with a lower revenue mix from automotive and industrial markets as 3C markets recover. Non-GAAP operating expenses are anticipated to be about 28.5% of revenue, +/- 1%. Net interest income is expected to be $3.0M, with an income tax rate of 18.5%, +/- 3%. Diluted EPS calculations are based on an anticipated 46.5 million shares. The company also notes $3.1M in amortization of acquisition-related intangible assets, after tax, from previous acquisitions, not included in these non-GAAP estimates.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:20 pm

GEN

Gen Digital forecasts Q1 EPS of $0.52-$0.54, aligning with a $0.53 estimate, and anticipates revenues between $960M-$970M, closely matching the $965.56M estimate for the first quarter of Fiscal Year 2025.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:18 pm

G

Genpact has updated its FY24 earnings and revenue outlook, raising its EPS range from $3.00-$3.03 to $3.01-$3.04, and maintaining its revenue forecast between $4.59B-$4.63B. The company expects year-over-year revenue growth of 2.5% to 3.5%, an increase from previous estimates. Digital Operations and Data-Tech-AI revenue growth forecasts have also been revised upwards. Gross margin is expected to improve to 35.3%, and adjusted income from operations margin is projected at 17.0%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:15 pm

COLD

Americold Realty Trust (COLD) reported Q1 2024 FFO of $0.27 per share, surpassing the $0.25 estimate, marking a 22.73% increase from the previous year. However, their sales of $664.980M fell short of the $679.628M estimate, a 1.70% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:13 pm

GETY

Getty Images has reiterated its fiscal year 2024 guidance, expecting revenues between $928 million to $947 million, with a year-over-year growth of 1.3% to 3.3%. The adjusted EBITDA is forecasted to be around $298 million, indicating a slight decrease of approximately 1.2% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:13 pm

PODD

Insulet has updated its revenue growth expectations for Q2 and the full year of 2024, indicating an increase in projected revenues across its product lines, especially in the Omnipod range. The company now expects Q2 revenue growth of 15%-18% and has raised its full-year 2024 revenue growth forecast to 14%-18%. Notably, the International Omnipod product line's growth expectations have been significantly increased from 7%-10% to 12%-15%. However, the Drug Delivery product line is expected to see a significant decline. Gross and operating margin guidance for 2024 has also been updated, with operating margins expected to increase slightly.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:13 pm

IAS

IAS forecasts its FY24 revenue to be between $533M and $541M, slightly above the $532M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:12 pm

IAS

IAS projects its Q2 2024 revenue to be between $125M and $127M, surpassing the $124M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:11 pm

BLFS

BioLife Solutions has reaffirmed its 2024 revenue guidance, projecting $95.5 million to $100.0 million. This forecast includes contributions from its Cell Processing and Biostorage Services platforms, incorporating the ThawSTAR product line but excluding the freezer product line (GCI and CBS). The Cell Processing platform is expected to generate $66.0 million to $68.5 million, marking up to a 4% increase from 2023, or 17% to 22% based on the second half of 2023's revenue run rate. The Biostorage Services platform, now including ThawSTAR, anticipates $29.5 million to $31.5 million in revenue, a 5% to 12% increase from 2023, or 10% to 16% without ThawSTAR.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:10 pm

NTRA

Natera projects its total revenue for 2024 to be between $1.42 billion and $1.45 billion, surpassing the estimated $1.34 billion.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:10 pm