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ACIC

American Coastal (NASDAQ:ACIC) reported Q1 2024 earnings of $0.50 per share, surpassing the $0.25 estimate, with sales of $68.730M beating the $62.412M forecast. Despite beating estimates, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:14 pm

COLL

The board of Collegium Pharmaceutical has authorized a $35 million accelerated share repurchase (ASR) program. This move is aimed at returning value to shareholders by reducing the number of shares outstanding, potentially increasing the earnings per share (EPS) and the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:13 pm

ANAB

AnaptysBio (NASDAQ:ANAB) reported Q1 2024 adjusted EPS of $(1.64), missing the $(1.57) estimate, but sales of $7.180M exceeded the $3.967M estimate, marking a 422.56% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:13 pm

BE

INTC

Bloom Energy Corporation (NYSE:BE) reported Q1 financial results with losses of 17 cents per share, missing analyst estimates, and quarterly sales of $235.3 million, also below expectations. The company announced an expanded agreement with Intel Corporation (NASDAQ:INTC) for additional fuel cell-based Energy Server installations at Intel's Santa Clara data center. Despite the financial miss, Bloom reaffirmed its 2024 revenue outlook of $1.4 billion to $1.6 billion. Bloom Energy shares rose 5.88% in after-hours trading.

Portfolio Pulse from Erica Kollmann

May 09, 2024 | 9:11 pm

LAW

CS Disco projects its Q2 2024 revenue to be between $34.5M and $36.5M, which is below the estimated $36.761M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:08 pm

ARRY

Array Technologies (ARRY) reported Q1 2024 adjusted EPS of $0.06, surpassing the $(0.03) estimate, with sales of $153.4M beating the $140.106M forecast. However, this represents a 59.29% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:08 pm

NVTS

Navitas Semiconductor projects its Q2 2204 revenue to be around $20 million, plus or minus $500,000, which is below the estimated $23.811 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:06 pm

ETON

Eton Pharmaceuticals (NASDAQ:ETON) reported Q1 2024 earnings with a smaller loss per share of $(0.03) compared to the expected $(0.07), beating estimates by 57.14%. Year-over-year, this represents a 70% improvement from a $(0.10) loss per share. However, their Q1 sales of $7.966M slightly missed the forecast of $8.000M by 0.43%, though it marked a 50.19% increase from the previous year's $5.304M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:05 pm

CMBM

Cambium Networks projects its FY24 adjusted EPS to be between $(0.64) and $(0.41), which is below the estimated $(0.25). The company also forecasts revenue to be in the range of $205M to $225M, falling short of the expected $226.3M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:04 pm

CMBM

Cambium Networks projects its Q2 2024 adjusted EPS to be between $(0.24) and $(0.19), missing the $(0.12) estimate. Revenue is expected to be between $43M and $48M, falling short of the $51.283M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:04 pm