Streetbeat News

Revenues

CBRL

Cracker Barrel projects its FY24 total revenue to be between $3.5 billion and $3.6 billion, surpassing the estimated $3.47 billion.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:02 pm

CAN

Canaan provided its revenue forecast for the first and second quarters of 2024, expecting $33M and $70M respectively, amidst challenging market conditions. This outlook is based on current market and operational assessments, which may change.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:52 pm

NCLH

Norwegian Cruise Line Holdings Ltd announced the cancellation and redirection of all its cruise calls to Israel in Q4 2023 due to the ongoing conflict in the region. This decision reflects the company's response to the geopolitical tensions affecting travel plans.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:46 pm

LAD

Lithia & Driveway (LAD) has expanded its presence in the Minneapolis-St. Paul market by acquiring Carousel Motor Group, a collection of premium luxury brand dealerships. This acquisition is expected to add over $900 million in annualized revenue to LAD's financials, although the financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:20 pm

JKS

JinkoSolar's subsidiary, Jiangxi Jinko, reported preliminary full year 2023 revenues of RMB118.68 billion under PRC GAAP. JinkoSolar owns approximately 58.59% of Jiangxi Jinko. The preliminary unaudited net income attributable to Jiangxi Jinko's shareholders was RMB7.49 billion, excluding extraordinary gains and losses, it was RMB7.00 billion.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:17 pm

ZVIA

Zevia has projected its Q1 net sales to be between $38M-$40M, which falls short of the estimated $49.414M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:13 pm

LGND

Ligand Pharmaceuticals has reaffirmed its financial guidance for FY24, projecting EPS of $4.25-$4.75 and total revenue of $130M-$142M. This guidance, initially introduced during its Investor and Analyst Day on December 12, 2023, includes expected royalties of $90M-$95M, Captisol sales of $25M-$27M, and contract revenue of $15M-$20M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:12 pm

RCM

R1 RCM projects its FY24 revenue to be in the range of $2.625 billion to $2.675 billion, which is below the estimated $2.69 billion. The company also forecasts GAAP operating income between $105 million to $135 million and adjusted EBITDA between $650 million to $670 million.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:12 pm

STGW

Stagwell forecasts a 5%-7% organic net revenue growth for 2024, with an adjusted EPS range of $0.75-$0.88, which is below the estimated $0.91.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:11 pm

DKL

Delek Logistics Partners (DKL) reported Q4 earnings of $1.46 per share, surpassing the $0.89 estimate, a 48.98% increase from last year. However, their Q4 sales of $254.10M fell short of the $278.26M estimate, marking a 5.56% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:10 pm