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MCFT

MasterCraft Boat Holdings, Inc. has revised its FY24 financial outlook downwards due to a planned decrease in production. The company now expects consolidated net sales to range between $360M-$365M, down from the previously forecasted $400M-$412M. Additionally, the adjusted EPS forecast has been lowered from $1.53 - $1.78 to $0.95 - $1.05, against an analyst estimate of $1.60.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:36 am

HLLY

Holley (NYSE:HLLY) reported Q1 sales of $158.636M, surpassing the analyst consensus estimate of $154.935M by 2.39%, but marking a 7.88% decrease from the previous year's sales of $172.205M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:36 am

MHH

Mastech Digital (AMEX:MHH) reported Q1 2024 earnings of $0.06 per share, missing the consensus estimate of $0.12 by 50%. Sales were $46.823M, slightly above the $46.496M estimate but represent a 14.96% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:35 am

RIVN

TSLA

Elon Musk, CEO of Tesla Inc., humorously critiqued Rivian's valuation and investor Gary Black's optimistic market cap prediction for Rivian, comparing Black's forecasting to CNBC host Jim Cramer's often inaccurate stock market predictions. Musk's comments highlight skepticism around Rivian's valuation amidst its stock downturn, despite exceeding first-quarter revenue expectations. Rivian's shares fell due to a higher-than-expected loss per share and reduced production guidance for 2024.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 11:35 am

BWAY

BrainsWay (NASDAQ:BWAY) reported Q1 sales of $9.095M, surpassing the analyst consensus estimate of $8.720M by 4.30%, marking a 37.28% increase from the previous year's sales of $6.625M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:34 am

GFF

Griffon Corporation (NYSE:GFF) reported Q2 2024 adjusted EPS of $1.35, surpassing the $0.84 estimate, with sales of $672.880M also beating the $629.980M estimate. This represents an earnings increase of 11.57% and a sales decrease of 5.36% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:34 am

MCFT

MasterCraft Boat Holdings (MCFT) reported Q3 2024 adjusted EPS of $0.37, surpassing the $0.23 estimate, with sales of $95.708M also beating the $92.824M estimate. However, this represents a 42.61% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:32 am

PAYO

Payoneer Global (NASDAQ:PAYO) reported Q1 earnings of $0.08 per share, surpassing the $0.05 estimate, marking a 300% increase from last year. Sales reached $228.18M, exceeding the $211.58M estimate, up 18.84% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:32 am

AXP

EBAY

FSLR

HOOD

Insiders at American Express, Robinhood, First Solar, and eBay have recently sold shares, indicating potential concerns or personal financial strategies. These sales come amidst various company updates, including earnings reports and dividend declarations. Insider trading can influence investor perception but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 11:28 am

PFGC

Performance Food Group Company (PFGC) forecasts Q4 net sales to be between $15B-$15.4B, falling short of the estimated $15.6B, with an adjusted EBITDA projection of $430M-$450M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:26 am