Streetbeat News

Revenues

ATI

ATI has set revenue targets of $4.5B-$4.6B for 2025 and $5.2B-$5.4B for 2027, indicating the company's growth expectations for the upcoming years.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:23 pm

NUS

Nu Skin Enterprises has opened a new manufacturing facility in China, which is expected to enhance its production capabilities and support its growth in the region. This expansion may signal the company's commitment to the Chinese market and could potentially improve its supply chain efficiency and product availability in the area.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:21 pm

COST

Costco Wholesale reported a 3.5% increase in November comparable sales and a 5.1% rise in net sales for the four weeks ended November 26, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:18 pm

VSCO

Victoria's Secret forecasts Q4 net sales to increase by 2-4% and adjusted EPS to be between $2.20-$2.60, compared to the estimated $2.43. For FY24, the company expects net sales to decrease by 2-3% and adjusted EPS to range from $2.20-$2.60, versus the estimated $2.16.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:17 pm

ZUO

Zuora, Inc. has provided guidance for FY24, projecting an adjusted EPS of $0.25-$0.26, which is above the estimated $0.22. The company also forecasts total revenue to be between $430.8M-$432.8M, straddling the estimate of $431.05M.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:15 pm

TPCS

TechPrecision Corporation (NASDAQ:TPCS) has signed a definitive agreement to acquire Votaw Precision Technologies for $85M on a cash and debt-free basis. The acquisition is expected to more than double TechPrecision's revenue and EBITDA and enhance its strategic capabilities in the defense and aerospace industries. The deal includes a $70M payment at closing, semi-annual payments totaling $15M, and an earnout of up to $25M based on Votaw's FY2024 EBITDA. The acquisition is anticipated to be completed between December 15, 2023, and March 31, 2024, with TechPrecision having 45 days to conduct due diligence.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:13 pm

FIVE

Five Below forecasts Q4 net sales to be between $1.32B and $1.35B, and anticipates full-year fiscal 2023 net sales to range from $3.54B to $3.57B.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:11 pm

PSTG

Pure Storage reported Q3 2024 revenue of $762.8M, which fell slightly short of the analyst estimate of $763.362M. The minor miss indicates a close performance to market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:08 pm

SNOW

Snowflake projects Q4 product revenue to be between $716M-$721M, reflecting a 29-30% increase year-over-year. For fiscal year 2024, the company anticipates product revenue to reach $2.65B, marking a 37% growth from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:08 pm

ARWR

Arrowhead Pharmaceuticals reported a fiscal year 2023 earnings per share (EPS) of $(1.92), which is a decrease from last year's $(1.67) EPS. Revenue for FY23 was $240.735 million, slightly down from $243.23 million in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:05 pm