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AINC

Ashford Inc. reported Q1 2024 earnings of $1.99 per share, up 19.16% from $1.67 YoY. Sales reached $209.134M, beating estimates by 4.72% and marking a 12.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:07 pm

STKL

SunOpta has increased its FY24 revenue forecast from the range of $670M-$700M to $685M-$715M, surpassing the estimated $679.949M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:04 pm

WTS

Watts Water Technologies has increased its 2024 organic sales growth forecast by 50 basis points, now expecting growth to range between 4% and 1%. This adjustment reflects the company's positive outlook on its future sales performance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:04 pm

TTEC

TTEC Holdings reported Q1 2024 adjusted EPS of $0.27, missing the $0.30 estimate, and sales of $576.638M, beating the $564.413M estimate. This represents a 65.38% decrease in earnings and an 8.95% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:03 pm

ZI

ZoomInfo Technologies Inc. (NYSE:ZI) reported Q1 2024 earnings with an EPS of 26 cents, beating estimates by 13.04%, and revenue of $310.1 million, slightly above expectations. Despite this, the company's Q2 and full-year guidance fell short of analyst predictions, leading to a significant drop in its stock price. Analyst firms including Wells Fargo, Needham, UBS, Stifel, Piper Sandler, Mizuho, and Goldman Sachs adjusted their price targets, with some downgrading the stock.

Portfolio Pulse from Vaishali Prayag

May 08, 2024 | 10:03 pm

EQIX

Equinix (NASDAQ:EQIX) reported Q1 FFO of $8.86 per share, surpassing the $8.64 estimate, marking a 3.14% year-over-year increase. However, its sales of $2.13B fell short of the $2.14B estimate, despite a 6.46% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:03 pm

PNNT

Pennant Park Investment (PNNT) reported Q2 2024 earnings of $0.22 per share, missing the $0.24 estimate, and sales of $35.979M, missing the $36.336M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:02 pm

PX

P10, Inc. (NYSE:PX) announced governance changes including the appointment of Luke Sarsfield as Chairman effective June 14, 2024, and the termination of its stockholder rights plan effective May 8, 2024. These changes follow the appointment of Tracey Benford as an independent director in April. The termination of the stockholder rights plan is aimed at improving governance policy, as it is no longer necessary for preserving federal income tax benefits.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:01 pm

HAS

Hasbro Inc. (NASDAQ:HAS) successfully raised $500 million through a sale of 10-year bonds, marking its first bond issuance since 2019. The funds were raised at a yield of 1.6% above treasury bills, with the sale managed by Bank of America, Citigroup, JPMorgan, and Bank of Nova Scotia. This move comes as part of Hasbro's strategic turnaround, following its $4 billion acquisition of Entertainment One Ltd in 2019 and subsequent sales of several business segments. The company recently reported first-quarter earnings that exceeded analysts' expectations, despite facing challenges such as low consumer demand in the U.S. and a significant workforce reduction.

Portfolio Pulse from Hayden Buckfire

May 08, 2024 | 9:57 pm

SEDG

SolarEdge Technologies, Inc. (SEDG) forecasts its Q2 2024 revenue to be in the range of $250M-$280M, which is below the market estimate of $305M. This projection indicates a potential shortfall in expected revenue, suggesting a cautious outlook for the company's financial performance in the near term.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:53 pm