Streetbeat News

Revenues

UNFI

United Natural Foods projects fiscal year 2025 net sales between $30.3 billion and $30.8 billion, slightly below the consensus estimate of $30.9 billion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:05 am

UNFI

United Natural Foods reported its Q4 2024 earnings, with an adjusted EPS of $0.01, surpassing the estimated loss of $(0.10). The company's sales reached $8.155 billion, exceeding the expected $7.944 billion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:01 am

LFCR

Lifecore Biomedical, Inc. (NASDAQ:LFCR) has secured a multi-year contract with Lindy Biosciences to provide CDMO services for Lindy's microglassification technology, potentially generating over $5 million in revenue. This positions Lifecore as Lindy's preferred CDMO partner.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:01 am

BITF

Bitfarms reported earning 217 BTC in September 2024, which is a 7% decrease month-over-month and a 47% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:01 am

MKC

McCormick has raised its FY24 EPS outlook to $2.85-$2.90, up from the previous range of $2.80-$2.85, and expects sales to range between a decrease of 1% to an increase of 1%.

Portfolio Pulse from Nabaparna Bhattacharya

October 01, 2024 | 10:39 am

GPI

Group 1 Automotive has acquired Soper of Lincoln BMW/MINI, expected to generate $125 million in annual revenues. This adds to their $3.9 billion in acquired revenues for 2024, following $1.1 billion in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:28 am

LI

Li Auto Inc. reported a significant increase in vehicle deliveries for Q3 2024, with a 45.4% year-over-year growth, reaching 152,831 units. The company also delivered 53,709 vehicles in September 2024, marking a 48.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:16 am

EBAY

eBay is eliminating selling fees for consumer-to-consumer sellers in the UK for domestic transactions, excluding motors. This change was included in their Q2 2024 financial outlook. eBay plans to introduce a buyer-facing fee in the UK in early 2025 with added buyer enhancements.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:14 am

LNZA

LanzaTech is expanding its biorefining platform to produce LanzaTech Nutritional Protein (LNP), a nutrient-rich alternative to plant and animal proteins. This move will allow LanzaTech to enter the growing alternative protein market, diversify its customer base, and expand revenue sources.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:05 am

AYI

Acuity Brands reported its Q4 2024 financial results, with adjusted EPS of $4.30, surpassing the estimate of $4.28. The company's sales also exceeded expectations, reaching $1.032 billion compared to the estimated $1.024 billion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:01 am