Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF (BATS: JBBB)

Latest news for Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF (BATS:JBBB)

The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in CLOs of any maturity that are rated between and inclusive of BBB+ and B- (or equivalent by a nationally recognized statistical rating organization (NRSRO)) at the time of purchase, or if unrated, determined to be of comparable credit quality by the Adviser. However, as part of such investment, the Fund will not invest more than 15% of its net assets in CLOs rated below investment grade (BB+ or lower) at the time of purchase by the Fund, or if unrated, determined to be of comparable credit quality by the Adviser. Additionally, no CLO, at the time of purchase by the Fund, will have a rating that is below B- (or equivalent by an NRSRO) or, if unrated, determined to be of comparable credit quality by the Adviser. For purposes of the Funds investment policies, CLOs are floating rate debt securities issued in different tranches, with varying degrees of risk, by a trust or other special purpose vehicle and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. Such loans may include domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, which may individually be rated below investment grade or the equivalent if unrated. The underlying loans are selected by a CLOs manager.

Janus Detr Henderson Aaa Clo ETF

Janus Henderson B-BBB CLO ETF

Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF

News

Guidance

SEMR

SEMrush Holdings Sees FY24 Revenue $373.0M-$375.0M Vs $367.737M Est.

SEMrush Holdings Sees Q3 Revenue $96M-$97M Vs $89.778M Est.

Granite Point Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPMT#NYSE">GPMT</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.21) by 76.19 percent. This is a 125 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $8.131 million which missed the analyst consensus estimate of $12.307 million by 33.93 percent. This is a 62.77 percent decrease over sales of $21.840 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

GPMT

Granite Point Mortgage Q2 2024 Adj. EPS $(0.05) Beats $(0.21) Estimate, Sales $8.131M Miss $12.307M Estimate

PRIM

Primoris Services Sees FY24 Adj. EPS $3.25-%3.45 Vs $2.94n Est.; Net Income $148.5M-$159.5M

For the third quarter of 2024, it expects:
&bull;Operating loss to be approximately $1 million 
&bull;Adjusted EBITDA&#x2A; to be in the high single-digit millions of dollars

VMEO

Vimeo Expects Q3 Revenue To Be At Or Below $100M, Est $97.67M

ZoomInfo Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) shares are trading lower in Monday&#8217;s after-hours session after the company reported worse-than-expected financial results for the second quarter and announced a management transition. Here&#8217;s what <a href="https://www.benzinga.com/pressreleases/24/08/b40170741/zoominfo-announces-second-quarter-2024-financial-results">you need to know</a>.
<ul>
<li>Q2 Revenue: $291.5 million, versus estimates of $307.73 million</li>
</ul>
<ul>
<li>Q2 EPS: 17 cents, versus estimates of 23 cents</li>
</ul>
Total revenue was down 6% on a year-over-year basis. ZoomInfo said it generated $126.3 million in cash flow from operations and $120 million in free cash flow during the quarter. The company ended the quarter with $385.9 million in cash and cash equivalents. 
&#8220;In the&nbsp;second quarter, we implemented a number of initiatives to position the company for long-term success. Having successfully launched ZoomInfo Copilot, our AI-powered go-to-market platform, we are further accelerating a shift upmarket,&#8221; said Henry Schuck, founder and CEO of ZoomInfo.
&#8220;To that end, in the quarter we grew our&nbsp;$100k&nbsp;ACV customer cohort sequentially, had our best new business quarter in the mid-market and enterprise, while we stabilized net revenue retention.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40172453/palantir-q2-earnings-revenue-beat-eps-beat-customer-count-up-41-driven-by-strength-in-us-commercial">Palantir Q2 Earnings: Revenue Beat, EPS Beat, Customer Count Up 41% Driven By Strength In US Commercial — &#8216;Unrelenting Wave Of Demand&#8217;</a>
Outlook: ZoomInfo sees third-quarter revenue in the range of $298 million to $301 million versus estimates of $307.7 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company anticipates adjusted net income of 21 cents to 22 cents per share versus estimates of 23 cents per share.
&#8220;We deployed a new business risk model to reduce write-offs and made a change in estimates related to the collectibility of receivables. I am confident that this will strengthen our future financial position and enable the company to deliver strong and growing free cash flow,&#8221; Schuck said. 
Management is currently discussing these quarterly results on a conference call that kicked off at 4:30 p.m. ET.
What Else: ZoomInfo also <a href="https://www.benzinga.com/pressreleases/24/08/b40170758/zoominfo-announces-cfo-transition">announced</a> that CFO Cameron Hyzer will step down from his role. Hyzer will remain in an advisory capacity until Oct. 7 to help facilitate a smooth transition. Graham O&#8217;Brien has been named interim CFO, effective Sept. 6. 
ZI Price Action: ZoomInfo shares were down 13.37% after hours at $8.49 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of ZoomInfo.

Management

After-Hours Center

Movers

ZoomInfo Technologies Q2 Earnings: Revenue Miss, EPS Miss, Soft Guidance, CFO Transition And More

Outlook
Seadrill revised full year 2024 guidance based on the completion of the Gulfdrill sale; current expectations for contract start dates for the West Auriga and West Polaris that delay EBITDA recognition into future periods; and near-term outlook for uncommitted capacity on the Sevan Louisiana and the West Phoenix.After adjusting for the $30 million of bareboat charter income the Company expected the Gulfdrill assets to earn in the second half of the year, the mid-point outlook for the previously-disclosed EBITDA range would be $395 million. The Company now expects full year 2024 revenues between $1,355 million and $1,405 million; Adjusted EBITDA of $315 million and $365 million; and capital expenditures and long-term maintenance between $400 million and $450 million. Guidance includes $75 million of reimbursable revenue and expenses.
"Though a combination of supply chain, weather, and scope have shifted West Auriga and West Polaris start dates, both rigs will soon set sail for Brazil and should begin their contracts by year-end, contributing meaningfully to Seadrill earnings and cash flow in 2025," said Johnson. "Any additional work the Sevan Louisiana secures this year would represent upside opportunities to the mid-point of our guidance."

SDRL

Seadrill Sees FY24 Revenue $1.355B-$1.405B Vs $1.45B Est.

JELD

JELD-WEN Maintains FY24 Revenue $3.9B-$4.1B Vs $4.023B Est.

OPAD

Offerpad Sees Q3 Revenue $185M-$225M

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="3" rowspan="1">FY 2024 Guidance Ranges</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$1.70 billion</td>
<td colspan="1" rowspan="1">$1.80 billion</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross Margin</td>
<td colspan="1" rowspan="1">16.0%</td>
<td colspan="1" rowspan="1">16.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$210 million</td>
<td colspan="1" rowspan="1">$230 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest Expense &amp; Other</td>
<td colspan="1" rowspan="1">$60 million</td>
<td colspan="1" rowspan="1">$65 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP EPS</td>
<td colspan="1" rowspan="1">$1.15</td>
<td colspan="1" rowspan="1">$1.35</td>
</tr>
</tbody>
</table>
</figure>

AMRC

Ameresco Sees FY24 Revenue 1.7B-$1.8B Vs $1.64B Estimate; Sees Adj. EPS $1.15-$1.35 Vs $1.36 Estimate

WIIM

National Storage shares are trading higher. The company reported Q2 financial results.

APLE

Apple Hospitality REIT Sees 2024 Net Income $202M-$225M

PLMR

Palomar shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Definitive Healthcare Sees Q3 2024 Revenue $61M-$62.5M Vs $63.16M Estimate

NEWT

NewtekOne Maintains Its FY24 EPS Forecast Of $1.85 - $2.05, Est $1.91

EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.03 by 466.67 percent. This is a 160.71 percent increase over losses of $(0.28) per share from the same period last year. The company reported quarterly sales of $117.14 million which beat the analyst consensus estimate of $102.81 million by 13.94 percent. This is a 72.30 percent increase over sales of $67.98 million the same period last year.

EVER

EverQuote Q2 EPS $0.17 Beats $0.03 Estimate, Sales $117.14M Beat $102.81M Estimate

Seadrill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDRL#NYSE">SDRL</a>) reported quarterly earnings of $3.49 per share which beat the analyst consensus estimate of $0.58 by 501.72 percent. This is a 200.86 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $375.00 million which beat the analyst consensus estimate of $353.50 million by 6.08 percent. This is a 9.42 percent decrease over sales of $414.00 million the same period last year.

Seadrill Q2 EPS $3.49 Beats $0.58 Estimate, Sales $375.00M Beat $353.50M Estimate

Intrepid Expects 2024 Potash Production To Be ~15% Higher Than 2023

Encompass Health Sees Raises FY24 EPS Guidance From $3.86-$4.11 To $3.97-$4.22 Vs $4.11 Est.; Revenue Guidance From $5.25B-$5.35B To $5.275B-$5.35B Vs $5.31B Est.

Third Quarter&nbsp;2024&nbsp;Outlook:
<ul>
<li>Variable Marketing Margin of&nbsp;$38.5&nbsp;-&nbsp;$41.5 million.</li>
<li>Adjusted EBITDA of&nbsp;$14.0&nbsp;-&nbsp;$17.0 million.</li>
</ul>

EverQuote Expects Q3 Revenue Of $137M - $143M, Est $98.85M

Janus Henderson B-BBB CLO ETF declares monthly distribution of $0.2752

Oxford Lane Capital: The Cash Keeps Flowing And The Market Keeps Growing

Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack

Janus Henderson's B-BBB CLO ETF reaches $1B in AUM

Fixed Income Investment Outlook Q3 2024: Widening Differences, New Opportunities

Is CLO Outperformance Set To Continue?

Most Undervalued Asset Classes, Equity Industries, Segments, And Regions - 2H2024

Most Undervalued Asset Classes, Equity Industries, Segments, And Regions - H2 2024

What To Expect From The Next Income Drawdown

Janus Henderson B-BBB CLO ETF declares monthly distribution of $0.3260

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The Only Monthly Membership With a Positive ROI!

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Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF

News

Latest news for Janus Detroit Street Trust Janus Henderson B-BBB CLO ETF (BATS:JBBB)