Streetbeat News

Revenues

QURE

uniQure reported its Q2 2024 financial results with a GAAP EPS of $(1.16), which was in line with expectations. The company achieved sales of $11.126 million, surpassing the estimated $6.260 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:00 pm

CCCC

C4 Therapeutics reported a Q2 2024 GAAP EPS of $(0.26), beating the estimate of $(0.37). Sales were $12.01M, surpassing the $4.78M estimate. The company has $295.7M in cash, cash equivalents, and marketable securities as of June 30, expected to provide a financial runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:54 am

ETHE

IBIT

Bitcoin experienced a 2.3% decline to $64,500 despite significant inflows into Bitcoin spot ETFs, particularly from BlackRock and Grayscale. Ethereum also saw a decline, with substantial outflows from its ETFs. The broader cryptocurrency market showed weakness, but long-term prospects remain optimistic.

Portfolio Pulse from Murtuza Merchant

August 01, 2024 | 11:52 am

SPSC

SPS Commerce has acquired SupplyPike for approximately $119M in cash and $87M in SPS Commerce stock. The acquisition is expected to add $3M in revenue for Q3 2024, with a negative impact of $750,000 on Adjusted EBITDA. For fiscal year 2024, the acquisition will add $8M in revenue and negatively impact Adjusted EBITDA by $1.5M. By fiscal year 2025, the acquisition is expected to add $25M in revenue and break even in Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:52 am

DFH

Dream Finders Homes reported Q2 2024 GAAP EPS of $0.81, beating the estimate of $0.77. However, sales were $1.056 billion, missing the estimate of $1.082 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:50 am

ALGM

Allegro MicroSystems (ALGM) has provided its Q2 financial outlook, expecting net sales between $182M and $192M, with an estimated gross margin of 49% to 51%. Interest expense is projected to be around $7 million, and diluted EPS is anticipated to range from $0.04 to $0.08. Excluding incremental interest costs from a recent share repurchase, non-GAAP diluted EPS at the midpoint is expected to be $0.08.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:48 am

OBE

Obsidian Energy reported Q2 2024 GAAP EPS of C$0.46, missing the estimate of C$1.50. However, production revenues increased to C$208.4 million from C$166 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:48 am

ALGM

Allegro MicroSystems expects a return to low double-digit sequential sales growth in Q2.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:46 am

SABR

Sabre Corporation has provided its financial outlook for Q3, Q4, and FY 2024. The company expects Q3 revenue to be around $775M, slightly above estimates, and Q4 revenue to be around $725M, slightly below estimates. For FY 2024, Sabre has raised its revenue forecast from $3.04B to $3.05B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:46 am

LAUR

Laureate Education has reiterated its FY24 revenue guidance of $1.551B-$1.566B, adjusting for recent foreign currency volatility, particularly the Mexican peso. The company expects total enrollments to grow by 4%-5% and adjusted EBITDA to grow by 5%-8% on an as-reported basis.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:43 am