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K

Kellanova has raised its FY24 organic basis net sales growth guidance from 3%+ to 3.5% and increased its adjusted EPS guidance from $3.55-$3.65 to $3.65-$3.75.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:04 pm

RBLX

Roblox has provided its Q3 2024 guidance, forecasting revenue between $860 million and $885 million, which is below the $898 million estimate. The company also expects bookings between $1 billion and $1.025 billion, a consolidated net loss between $(275) million and $(255) million, and adjusted EBITDA between $22 million and $42 million. Net cash provided by operating activities is expected to be between $147 million and $162 million, with free cash flow between $105 million and $120 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:04 pm

OPTT

Ocean Power Technologies (NYSE:OPTT) has announced a patent pending for its new docking and recharging buoy technology designed for the Wave Adaptive Modular Vessel (WAM-V) Unmanned Surface Vehicle (USV). This innovation enhances the operational efficiency and range of USVs, making it valuable for oceanographic research, environmental monitoring, and defense applications.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:04 pm

DTIL

Precision BioSciences reported having approximately $123.6 million in cash and cash equivalents as of June 30, with a cash runway expected to last into the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:03 pm

ARW

Arrow Electronics (NYSE:ARW) reported Q2 earnings of $2.78 per share, beating the $2.16 estimate by 28.7%. Sales were $6.89 billion, surpassing the $6.52 billion estimate by 5.72%. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

NSIT

Insight Enterprises reported Q2 2024 adjusted EPS of $2.46, missing the estimate of $2.82. Sales were $2.162 billion, also below the expected $2.467 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

GWW

W.W. Grainger (NYSE:GWW) reported Q2 2024 adjusted EPS of $9.76, beating the $9.58 estimate, but sales of $4.312 billion missed the $4.348 billion estimate. EPS increased by 5.17% year-over-year, while sales grew by 3.11%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

CRIS

Curis (NASDAQ:CRIS) reported Q2 2024 GAAP EPS of $(2.03), missing the $(1.67) estimate, but sales of $2.546M beat the $2.064M estimate. EPS improved by 17.81% YoY, and sales increased by 15.89% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

MCK

McKesson has announced a 15% increase in its quarterly dividend, raising it from $0.62 to $0.71 per share. The dividend will be payable on October 1, 2024, to stockholders of record on September 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

ME

23andMe has received a preliminary non-binding proposal from CEO Anne Wojcicki to acquire all outstanding shares not owned by her or her affiliates for $0.40 per share. A special committee is reviewing the proposal with Wells Fargo as the financial advisor and Dechert LLP as the legal advisor.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm