Streetbeat News

Revenues

GILD

Gilead Sciences projects its FY24 adjusted EPS to be between $6.85 and $7.25, compared to the estimated $7.21. The company also forecasts revenue to range from $27.1 billion to $27.5 billion, slightly below the estimated $27.663 billion.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm

ARI

Apollo Commercial Real Estate (ARI) reported Q4 adjusted earnings of $0.36 per share, surpassing the $0.33 estimate, marking a 16.13% year-over-year increase. However, net interest income of $58.01M fell short of the $65.33M estimate, a 16.14% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm

ELF

e.l.f. Beauty has updated its fiscal 2024 outlook, raising its EPS forecast from $2.47-$2.50 to $2.84-$2.87 and its revenue forecast from $896M-$906M to $980M-$990M, surpassing analyst expectations. The company now expects a 69-71% year-over-year increase in net sales, up from the previously expected 55-57% increase. Adjusted EBITDA, effective tax rate, and net income forecasts have also been updated.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:31 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) reported Q4 earnings with a revenue of $302.57 million and adjusted earnings of 54 cents per share, both below analyst expectations. Year-over-year, revenue decreased by 58.25% and earnings by 64.24%. The company's Q1 revenue forecast is also below estimates, and it plans to cease operations in Romania and Wisconsin to focus on manufacturing in South Carolina and Texas. ENPH shares rose 8.18% after-hours.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 9:30 pm

HIW

Highwoods Properties (HIW) reported a Q4 FFO of $0.99 per share, up from $0.96 YoY, but missed sales estimates with $206.86M against the expected $207.83M. Sales decreased by 2.29% compared to last year.

Portfolio Pulse from totan@benzinga.com

February 06, 2024 | 9:26 pm

HRB

H&R Block has reaffirmed its fiscal year 2024 revenue forecast to be between $3.53 billion and $3.585 billion, aligning with analysts' expectations of $3.552 billion. The company also maintains its adjusted earnings per share (EPS) projection at $4.10 to $4.30, closely matching the estimated $4.23 by analysts.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:24 pm

QGEN

QIAGEN projects its FY24 EPS to be at least $2.10 CER, below the estimated $2.20 CER, with revenues expected to reach at least $2.0 billion CER, slightly under the $2.06 billion CER estimate. The company anticipates at least 2% CER growth in net sales, driven by consumables and related revenues, despite challenges in larger-scale instrument sales and about one percentage point of COVID-19 sales headwinds. Adjusted operating income margin is expected to improve by at least one percentage point to above 28%, with significant pressure on non-operating income due to lower interest income and a higher tax rate.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:23 pm

ACT

Enact Holdings (NASDAQ:ACT) reported Q4 earnings of $0.98 per share, surpassing the $0.92 estimate, marking an 8.89% increase from last year. However, their Q4 sales of $296.19M fell short of the $299.81M estimate, despite being a 6.99% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:22 pm

VOYA

Voya Financial (NYSE:VOYA) reported Q4 adjusted EPS of $1.63, missing the $1.87 estimate, a 25.23% decrease from last year's $2.18. However, their sales of $1.82B exceeded the $1.72B estimate, marking a 17.28% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 06, 2024 | 9:20 pm

VFC

VF Corporation has reaffirmed its fiscal year 2024 free cash flow forecast to be approximately $600 million. This announcement is crucial for investors as it provides insight into the company's financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:20 pm