Arcos Dorados (NYSE: ARCO) becomes a regional sponsor of Formula One in Latin America, aiming to leverage its Three-D's strategy and drive-through segment success.
Dole PLC reported a 6.6% increase in Q1 FY24 sales to $2.12 billion, matching analyst estimates. The growth was driven by strong operations and favorable currency impacts. Gross profit rose 8.7% to $194.7 million, while operating income surged over 100% to $71.5 million. Adjusted EPS of $0.43 exceeded the $0.31 estimate. The company also declared a $0.08 per share dividend.
MakeMyTrip reported Q4 adjusted revenue of $212.53M, beating analyst estimate. EPS of $0.38 also surpassed expectations. Revenues grew due to high travel demand in India. Stock up 194% in the last 12 months.
EchoStar awarded U.S. Navy contract for 5G devices and services. Hughes Network Systems and Boost Mobile will jointly fulfill the contract valued at up to $2.7B over the next 10 years.
VirTra shares down after reporting worse-than-expected Q1 results with revenue decline of 19% due to delays in federal funding and cost increases from Microsoft contract. CEO anticipates revenue growth with launch of V-XR, CFO sees growth in recurring revenue streams.
Monday.com reported strong Q1 results with revenue of $217M (34% Y/Y) and EPS of $0.61 (beat analyst estimates). Outlook for Q2 and 2024 also positive. Stock up 19%.