Streetbeat News

Revenues

KRG

Kite Realty Gr Trust (KRG) reported Q4 earnings of $0.50 per share, unchanged YoY, with sales of $200.28M missing the $206.00M estimate, a 2.16% decrease from last year.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 9:24 pm

UPST

Upstart Holdings projects Q1 revenue of approximately $125 million, falling short of the estimated $151.2 million. The company anticipates a net loss of around $75 million and an adjusted net loss of about $33 million. Other financial outlooks include a contribution margin of 61%, adjusted EBITDA of approximately -$25 million, and both basic and diluted weighted-average share counts at 87.0 million shares. Upstart has not provided a reconciliation of its forward-looking non-GAAP measures to GAAP measures due to potential variability.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:23 pm

SSNC

SS&C Technologies forecasts its FY24 adjusted revenue to be between $5.667B and $5.867B, closely aligning with the estimated $5.701B. The company also projects its adjusted EPS to range from $4.85 to $5.15, which is in line with the estimated $5.14.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:22 pm

BL

BlackLine projects its FY24 adjusted EPS to be between $2.01 and $2.14, slightly below the estimated $2.02. The company anticipates revenue to range from $637.5M to $649.5M, which is below the expected $656.059M.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:22 pm

MGM

MGM China reported a significant increase in net revenues, reaching $3.2 billion in the current year compared to $674 million in the previous year, marking a 368% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:20 pm

MGM

MGM China reported net revenues of $983 million in the current quarter, marking a 462% increase from $175 million in the prior year quarter. This growth is attributed to the lifting of COVID-19 related entry restrictions in Macau, higher visitation rates, and an increase in authorized tables in 2023. Adjusted Property EBITDAR also rose to $262 million from a loss of $55 million in the prior year quarter, with a margin of 26.7%.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:19 pm

INVH

Invitation Homes (NYSE:INVH) reported Q4 earnings of $0.45 per share, meeting analyst consensus. Quarterly sales were $624.32M, slightly above the $623.64M estimate, marking a 7.67% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:18 pm

KTOS

Kratos Defense & Security Solutions (KTOS) provided Q1 and FY24 financial guidance, forecasting revenues of $240M-$260M for Q1 and $1.125B-$1.150B for FY24, both in line with or above estimates. The guidance accounts for potential impacts from a Continuing Resolution Authorization (CRA) and assumes no unexpected U.S. Federal and DoD budget cuts. Kratos plans significant investments in capital expenditures, including manufacturing Valkyries and expanding facilities, with expectations of stronger financial performance in the latter half of FY24.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:17 pm

GDDY

GoDaddy projects its Q1 2024 revenue to be between $1.085 billion and $1.105 billion, which is slightly below the estimated $1.105 billion.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:13 pm

ABNB

Airbnb reported a 12% year-over-year increase in Nights and Experiences booked, totaling 98.8 million in Q4. Gross Bookings Value rose by 15% YoY to $15.5 billion, indicating strong demand and growth.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:13 pm