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NEOG

Neogen Corporation has projected its FY24 revenue to be between $955M and $985M, surpassing the consensus estimate of $946.6M. The company also forecasts its adjusted EBITDA to be in the range of $235M-$255M.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:14 am

GNS

Genius Group received a warning letter from the NYSE regarding its disclosure practices related to events in March 2023. The NYSE also raised concerns about a statement made by the company's CEO on social media on June 28.

Portfolio Pulse from Charles Gross

July 27, 2023 | 11:13 am

OIS

Oil States International (NYSE:OIS) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.06 by 83.33%. The company also reported quarterly sales of $183.53 million, missing the analyst consensus estimate of $201.87 million by 9.09%. However, this represents a 112.5% increase in earnings and a 0.93% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:10 am

GTX

Garrett Motion has raised its full year 2023 revenue outlook from $3.79B - $3.98B to $3.84B - $4.03B, against a $3.98B estimate. The company also increased its net sales growth, net income, adjusted EBITDA, net cash provided by operating activities, and adjusted free cash flow projections.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:10 am

BMY

Bristol Myers Squibb has revised its FY23 revenue forecast to a low single-digit decline, compared to a previous increase of 2%. The adjusted EPS is now expected to be $7.35-$7.65, down from the previous guidance of $7.95-$8.25. This is due to lower revenues for Revlimid and Pomalyst.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:08 am

AOS

A. O. Smith has raised its FY23 outlook, with sales expected to be between $3.75B and $3.83B, up from the previous estimate of $3.68B-$3.83B. The adjusted EPS is also expected to increase to $3.38-$3.53 from the previous $3.30-$3.50.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:08 am

AMBP

Ardagh Metal Packaging (AMBP) forecasts FY23 shipment growth in the mid-single digits and an adjusted EBITDA of $630M-$640M. The company also expects Q3 adjusted EBITDA to be between $170M-$175M.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:07 am

CTCX

Carmell Therapeutics is merging with Axolotl Biologix. Axolotl's shareholders will receive $65 million in initial equity value, plus up to $75 million in potential milestone equity payments. The payments will be structured as 12% cash and 88% in CTCX stock. Axolotl will operate as a wholly owned subsidiary of Carmell after the merger.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:06 am

TREE

LendingTree's Q2 adjusted earnings per share of $1.14 beat the analyst consensus estimate of $0.30 by 280 percent, a 96.55 percent increase from the same period last year. However, its quarterly sales of $182.50 million missed the analyst consensus estimate of $193.75 million by 5.81 percent, a 30.32 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:05 am

MLM

Martin Marietta Materials has increased its FY23 revenue outlook to a range of $6.73B-$6.86B, up from the previous range of $6.60B-$6.815B. This is against an estimate of $6.77B.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:04 am