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MEI

Methode Electronics announced the suspension of forward-looking guidance due to the recent CEO transition and various market and operational challenges. This decision reflects the company's current uncertainty about its future performance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:03 pm

MEI

Methode Electronics (NYSE:MEI) reported a significant miss in its Q3 earnings, with an adjusted EPS of $(0.33), missing the $0.09 estimate by 466.67%. Year-over-year, this represents a 161.11% decrease from an EPS of $0.54. Quarterly sales were $259.50M, missing the $287.80M estimate by 9.83%, and marking a 7.35% decrease from $280.10M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:01 pm

ABM

ABM Industries has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 from the previous range of $3.20 - $3.40 to a new range of $3.30 - $3.45, surpassing the estimated $3.3.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:01 pm

CIEN

Ciena (NYSE:CIEN) reported Q1 adjusted EPS of $0.66, surpassing the $0.48 estimate, and sales of $1.04B, exceeding the $1.02B estimate. This represents a 3.13% increase in EPS and a 1.83% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:01 pm

ALB

Albemarle (NYSE:ALB), a leading lithium producer, has been analyzed by 17 analysts revealing a mix of bullish to bearish sentiments with a downward trend in the 12-month price target to $146.06 from $163.81. The company faces challenges with a -10.1% revenue decline and below industry standards in net margin, ROE, and ROA, despite a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm

ABM

ABM Industries (ABM) reported Q1 adjusted EPS of $0.86, surpassing the $0.71 estimate, and sales of $2.07B, exceeding the $2.01B estimate. This represents an 8.86% increase in earnings and a 3.90% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:59 am

NRP

Natural Resources (NYSE:NRP) reported a Q4 GAAP EPS of $4.31, up 37.7% from $3.13 YoY, but sales decreased by 4.01% to $93.16M from $97.06M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:57 am

PSFE

Paysafe (NYSE:PSFE) reported Q4 2023 adjusted EPS of $0.660, surpassing the $0.160 estimate by 312.5%. Quarterly sales reached $414.500M, slightly above the $413.575M estimate, marking an 8.06% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:56 am

BURL

Burlington Stores has expressed confidence in its future, specifically for the year 2024, regarding its comparable store sales and margin assumptions that were previously shared in November. This forward-looking statement indicates a positive outlook on the company's financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:50 am

SHIBUSD

Arthur Hayes, co-founder of BitMex, celebrated the early access launch of SHIB Names tokens by Shiba Inu (CRYPTO: SHIB), in partnership with D3 Inc. These tokens, aimed at navigating the decentralized web, have led to a 90% surge in SHIB's value, outperforming major cryptocurrencies like Bitcoin and Ethereum. The initiative and its success highlight the growing influence and potential broader adoption of the meme coin.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 11:50 am