Streetbeat News

Revenues

VRA

Vera Bradley has revised its FY24 revenue forecast to $472M-$478M, down from the previous range of $490M-$500M, falling short of the $494.32M estimate. The company also adjusted its projected consolidated diluted EPS to $0.56-$0.62, which is a narrower range compared to the prior outlook of $0.57-$0.65 and aligns with the $0.60 estimate.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:07 pm

WLY

WLYB

Wiley provided guidance for FY24 with an expected adjusted revenue of $1.58B-$1.63B, which falls short of the consensus estimate of $1.69B.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:07 pm

ALE

JPM

Allete, Inc. (NYSE:ALE) is considering a sale after a 2% year-over-year decline in Q3 sales. The company is working with JP Morgan Chase & Co. (NYSE:JPM) on the sale process, attracting infrastructure funds and buyout firms. No deal is confirmed yet. Allete serves customers in Minnesota and Wisconsin and had a long-term debt of $1.686 billion at the end of Q3. ALE shares rose 8.02% to $60.76 on Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

December 06, 2023 | 12:59 pm

OLLI

Ollie's Bargain Outlet reported a 7.0% increase in comparable store sales for the third quarter. This performance indicates a positive trend in the company's sales growth, which could be a sign of strong consumer demand and effective business strategies.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:40 pm

OLLI

Ollie's Bargain Outlet has increased its FY23 net sales forecast from $2.076B-$2.091B to $2.097B-$2.104B and raised its adjusted EPS guidance from $2.65-$2.74 to $2.77-$2.83.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:34 pm

ALOT

AstroNova reported Q3 adjusted earnings per share (EPS) of $0.11, which is unchanged from the same period last year. However, the company's sales decreased by 4.71% to $37.55 million from $39.41 million in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:31 pm

OMI

Owens & Minor, a healthcare logistics company, will present its strategy for increasing profitability at its 2023 Investor Day event. The company has set ambitious financial targets for 2028, aiming for revenues to exceed $12 billion.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:29 pm

OP

OceanPal reported a decrease in Q3 earnings per share (EPS) to $(1.06) from $1.50 year-over-year (YoY), and a decline in time charter revenues to $3.87M from $5.12M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:21 pm

RDY

Dr. Reddy's Laboratories has agreed to make a series of payments to Coya Therapeutics, including a $7.5M upfront payment, $4.2M upon IND application acceptance, $4.2M upon first patient dosing, and up to $40M in development and regulatory milestones. Additionally, Coya is eligible for up to $677.25M in sales-based milestones.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:09 pm

INMD

InMode Ltd. has revised its 2023 revenue forecast downwards from the previous range of $500M-$510M to a new range of $485M-$495M. Additionally, the company has adjusted its earnings per share (EPS) outlook from $2.53-$2.57 to $2.47-$2.50.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:09 pm