Streetbeat News

Revenues

XAIR

Beyond Air reported a solid sequential revenue growth of over 60% in Q3 FY2024 compared to Q2, driven by increasing demand for its LungFit PH system. The company is preparing for a key software update and expects to meet accelerating demand with an upgraded inventory. Beyond Air reiterates its FY2025 revenue guidance of $12M-$16M, expressing confidence in achieving these targets.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:32 pm

ETN

Eaton (NYSE:ETN) is advancing its manufacturing capabilities by integrating Industry 4.0 technology into its factories in Juarez, Mexico, and Changzhou, China, enhancing efficiency and sustainability. The company plans to expand its smart factory initiative to three more locations by the end of 2024, including in Austria, Brazil, and the U.S. These efforts are part of Eaton's commitment to modernize its manufacturing footprint, improve product quality, and reduce environmental impact.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:30 pm

CETX

Cemtrex (NASDAQ:CETX) reported Q1 sales of $16.90M, surpassing the analyst consensus estimate of $15.79M by 7.02%, and marking a 41.19% increase from $11.97M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:29 pm

BRX

Brixmor Property Group (BRX) reported a Q4 EPS of $0.51, up 4.08% from $0.49 YoY, with sales of $316.49M beating the $311.94M estimate, a 2.57% increase from last year.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:25 pm

GT

The Goodyear Tire & Rubber Company (GT) anticipates a decrease in Q1 raw material costs by approximately $245 million compared to the previous year. However, global unit volumes are expected to decline by about 2%, primarily due to a decrease in replacement volumes. The company also expects to achieve savings totaling around $50 million.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:21 pm

GT

Goodyear Tire & Rubber (GT) reported Q4 earnings of $0.47 per share, surpassing the $0.36 estimate, marking a 571.43% increase from last year. However, their sales of $5.12B fell short of the $5.39B estimate, a 4.80% decrease from the previous year.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:19 pm

OPTT

Ocean Power Technologies (OPTT) has announced receiving orders for its WAM-V Unmanned Surface Vehicles, totaling over $1.25 million. This significant order intake highlights the growing demand for OPTT's innovative marine technology solutions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:15 pm

DLA

Delta Apparel reported Q1 sales of $79.93M, missing the analyst consensus estimate of $92.50M by 13.58%, marking a 25.50% decrease from last year's $107.30M.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:14 pm

ESP

Espey Mfg. & Electronics Corp reported a Q2 2024 EPS of $0.72, up from $0.47 year-over-year, with revenue increasing to $10.302M from $8.804M in the same period.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:11 pm

FRT

Federal Realty Investment (FRT) reported Q4 earnings of $1.64 per share, meeting analyst consensus. However, its quarterly sales of $291.81M missed the estimate of $292.19M by 0.13%, marking a 4.20% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:06 pm