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Business

CWEB Business News Bank of America Sees Upgraded Price Target Amid Strong Financial Outlook

Analysts are increasingly optimistic about Bank of America (NYSE:BAC), with the consensus price target rising from $47.69 to $53. This upward revision signals growing...

CWEB Business News- Wheaton Precious Metals Strengthens Market Position as Analysts Boost Price Target

Wheaton Precious Metals (NYSE: WPM) continues to solidify its standing as a leader in the precious metals streaming industry, with top financial analysts expressing...

Rivian’s Cost Cuts and Production Progress Outshine Q3 Revenue Miss

Electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN) posted its third-quarter results that missed analyst revenue expectations but showcased significant strides in cost reduction and production...

Airbnb Offers Optimistic Outlook Amid Mixed Q3 Results, Shares Drop 4 percent

Airbnb (NASDAQ:ABNB) presented an optimistic forecast for the fourth quarter, though its third-quarter results came in mixed, with earnings narrowly missing expectations. Shares of...

Dropbox Posts Earnings Beat But Revenue Growth Stalls

Dropbox (NASDAQ:DBX) reported third-quarter earnings that exceeded analyst projections, but the revenue growth slowed to under 1% year-over-year. The cloud storage provider posted adjusted...

Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB) Financial Challenges Amid Promising Cancer Treatments

Earnings per share (EPS) of -$0.15681, slightly better than the estimated -$0.16, indicating a reduction in losses. Revenue of $18.46 million, below the estimated $23.26...

TriplePoint Venture Growth (NYSE:TPVG) Analyst Update and Financial Overview

Piper Sandler analyst Crispin Love sets a price target of $7.50 for NYSE:TPVG, indicating a potential increase of 15.74%. TPVG reported a quarterly EPS of...

Latest Market Movements: Top Gainers Analyzed

Metropolitan West Floating Rate Income Fund (MWFLX) sees a 400.42% price surge, leading in the asset management sector. Celularity Inc. (CELU) experiences a 176.33% jump...

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Earnings Report Highlights

Earnings per share (EPS) of $0.39 was reported, falling short of the expected $0.73. Revenue reached $200.71 million, slightly above the forecast, indicating a 33.5%...

Garmin Ltd. (NYSE: GRMN) Sees Significant Stock Surge Amid Strong Financial Performance

Garmin Ltd. (NYSE:GRMN) stock price surged by 26.03% following an impressive earnings report. The company reported a 24% year-over-year increase in sales and a 41%...

Cellebrite DI Ltd. (NASDAQ:CLBT) Outshines Competitors in Capital Efficiency

Cellebrite DI Ltd. (NASDAQ:CLBT) showcases a strong Return on Invested Capital (ROIC) of 19.08%, significantly outperforming its competitors in the digital intelligence sector. The company's...

MKS Instruments, Inc. (NASDAQ: MKSI) Earnings Report Highlights

MKS Instruments, Inc. (NASDAQ:MKSI) reported revenue of $897 million, surpassing estimates despite an EPS miss. The company's EPS of $1.72 exceeded consensus estimates, showcasing its...

Paramount Global’s Upcoming Earnings: A Detailed Preview

Paramount Global (NASDAQ:PARA) is set to announce its Q3 2024 earnings with an expected EPS of $0.24, despite a 20% year-over-year decline. Revenue projections stand...

Allient Inc. (NASDAQ: ALNT) Financial Performance Review

Earnings per Share (EPS) of $0.1265 was below the estimated $0.23, indicating challenges in profitability. Revenue exceeded expectations at $125.213 million, showcasing Allient's ability to...

Array Technologies, Inc. (NASDAQ: ARRY) Downgraded by Guggenheim Amidst Strong Financial Performance

Guggenheim downgraded Array Technologies, Inc. (NASDAQ: ARRY) from "Buy" to "Neutral" following the election outcome. ARRY reported quarterly earnings of $0.17 per share, beating the...

RCM Technologies, Inc. (NASDAQ: RCMT) Financial Performance Overview

Revenue slightly below estimates: Reported revenue of approximately $60.37 million against an estimated $60.44 million. Earnings per share met expectations: Achieved earnings of $0.44 per...

DraftKings Inc. (NASDAQ: DKNG) Quarterly Earnings Preview and Financial Ratios Analysis

DraftKings is set to release its quarterly earnings with an anticipated EPS of -$0.42 and revenue of $1.11 billion. The company reported a loss greater...

APA Corporation’s Financial Overview and Market Performance

APA Corporation (NASDAQ:APA) reported a slight miss in EPS but exceeded revenue expectations in Q3 2024. The company's financial ratios indicate a low valuation and...

Phibro Animal Health Corporation’s Strong Financial Performance

Phibro Animal Health Corporation (NASDAQ:PAHC) reported an EPS of $0.35, surpassing estimates and indicating a significant earnings surprise of 52.17%. The company's revenue for the...

Pebblebrook Hotel Trust’s Financial Performance and Market Position

Pebblebrook Hotel Trust (NYSE:PEB) reported funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate. The company faces challenges such as high-interest...

RLJ Lodging Trust (NYSE:RLJ) Surpasses Earnings and Revenue Estimates

RLJ Lodging Trust (NYSE:RLJ) reported EPS of $0.40, beating the estimated $0.35, and showcased a 14.29% surprise over expected figures. The company's revenue reached approximately...

Arch Capital Group’s Market Outlook and Financial Performance

Michael Zaremski from Capital One Financial set a price target of $104 for NASDAQ:ACGL, indicating a potential increase of approximately 8.58%. ACGL's current stock price...

Jazz Pharmaceuticals’ Financial and Operational Highlights

Earnings per Share (EPS) of $3.40, missing the estimated $5.50. Third-quarter revenue of $1.05 billion, a 14% increase year-over-year, surpassing expectations. Advancing product pipeline with a...

Clarivate Plc (NYSE:CLVT) Q3 Earnings Overview

Clarivate Plc reported a Q3 EPS of -$0.09128, missing estimates, with revenue at $622.2 million also below expectations. The company saw a 3.9% decrease in...

Clean Energy Fuels Corp. (NASDAQ: CLNE) Financial Performance Review

Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a revenue of $104.9 million, surpassing estimates and indicating growth from the previous year. The company recorded an EPS...

Ashland Inc. (NYSE:ASH) Quarterly Earnings Overview

Ashland Inc. (NYSE:ASH) reported a revenue of $522 million, surpassing the Zacks Consensus Estimate. The company's EPS of $1.26 fell short of the consensus estimate,...

HubSpot Inc. (NYSE:HUBS) Financial Overview and Market Performance

The company's revenue of $669.72 million in Q3 2024 surpassed estimates, with an EPS of $2.18, indicating strong financial performance. HubSpot maintains a moderate debt-to-equity...

Sterling Construction Company, Inc. (NASDAQ: STRL) Quarterly Earnings Insight

Earnings Per Share (EPS) for the upcoming quarter is estimated at $1.71, with last quarter's EPS beating estimates at $1.97. Despite surpassing EPS estimates, Sterling's...

W&T Offshore, Inc. (NYSE: WTI) Quarterly Earnings Insight

W&T Offshore, Inc. (NYSE:WTI) is expected to report an EPS of -$0.19 for Q3, indicating potential financial challenges. The company's revenue for the quarter is...

VinFast Auto Ltd. (NASDAQ:VFS) Faces Financial Challenges Despite Ambitious Goals

VinFast Auto Ltd. (NASDAQ:VFS) reported an earnings per share (EPS) of -$0.21, better than expected but with revenue falling short at $357 million. The company...

SITE Centers Corp. (NYSE:SITC) Financial Efficiency Analysis

Return on Invested Capital (ROIC) and Weighted Average Cost of Capital (WACC) are critical in evaluating SITE Centers' financial efficiency. SITE Centers has a ROIC...

Xencor, Inc. (NASDAQ:XNCR) Earnings Report Highlights

Earnings Per Share (EPS) beat the Zacks Consensus Estimate, showing a smaller loss than expected. Revenue surpassed expectations but showed a significant year-over-year decline. Financial Ratios...

Zillow Shares Surge 14 percent as Q3 Results Exceed Expectations

Zillow Group (NASDAQ:Z) saw its stock jump over 14% in pre-market today following third-quarter earnings that surpassed analyst forecasts. The real estate technology firm...

TripAdvisor Shares Drop 4 percent Despite Q3 Earnings Beat Amid Flat Revenue Growth

TripAdvisor (NASDAQ:TRIP) reported third-quarter results that topped analyst expectations, yet its stagnant revenue growth led to a 4% drop in share price in pre-market...

Coty Lowers Full-Year Outlook Amid Mixed Q1 Results

Coty (NYSE:COTY) posted mixed first-quarter results and reduced its full-year earnings outlook. For the quarter, Coty reported adjusted earnings per share of $0.15, missing the...

Lyft Surges 22 percent on Strong Q3 Revenue and Raised Full-Year Guidance

Lyft (NASDAQ:LYFT) soared over 22% in pre-market today after the ride-sharing company raised its full-year outlook and reported better-than-expected third-quarter revenue. For the quarter, Lyft...

Qualcomm Surges 8 percent on Strong Earnings and Promising Outlook

Qualcomm (NASDAQ:QCOM) rallied more than 8% in pre-market today after posting stronger-than-anticipated fourth-quarter results and providing robust guidance, signaling an upturn in smartphone chip...

Arm’s Earnings Beat Expectations But Stock Drops 5 percent

Chip design leader Arm (NASDAQ:ARM) reported better-than-expected second-quarter earnings, yet its stock declined more than 5% in pre-market today. The company posted adjusted earnings...

Air Products and Chemicals, Inc. (APD) Surpasses Earnings Estimates and Focuses on Expansion and Sustainability

Earnings Per Share (EPS) for Q4 fiscal 2024 stood at $3.56, surpassing the Zacks Consensus Estimate and showing significant year-over-year growth. The company reported a...

Fastly Inc. (NYSE:FSLY) Surpasses Earnings and Revenue Estimates

Fastly Inc. (NYSE:FSLY) reported earnings of $0.02 per share, significantly beating the Zacks Consensus Estimate. The company's revenues reached $137.21 million for Q3 2024, exceeding...

Ducommun Incorporated (NYSE:DCO) Q3 Earnings Overview

Earnings per share (EPS) of $0.675 missed the expected $0.74, indicating a shortfall in profitability. Revenue exceeded expectations, with $201.4 million generated against an estimated...

Payoneer Global Inc. (NASDAQ:PAYO) Surpasses Q3 Earnings and Revenue Estimates

Payoneer's earnings per share (EPS) of $0.11 exceeded both the estimated $0.05 and the Zacks Consensus Estimate of $0.04, indicating a positive trend in...

Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) Overview

Positive Analyst Outlook: The consensus price target for Ionis Pharmaceuticals has seen a slight increase, indicating a positive outlook from analysts. Anticipated Earnings Beat: Ionis...

Napco Security Technologies’ Financial Performance in the Competitive Market

Napco Security Technologies, Inc. (NASDAQ:NSSC) demonstrates strong capital efficiency with a ROIC of 25.88% and a WACC of 12.00%. Compared to peers, Napco has a...

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Financial Overview

NTB's ROIC is significantly higher than its WACC, indicating efficient capital utilization. PJT Partners Inc. stands out with an exceptionally high ROIC to WACC ratio,...

Celsius Holdings Inc. (NASDAQ:CELH) Surpasses EPS Estimates but Misses on Revenue

Celsius Holdings Inc. (NASDAQ:CELH) reported EPS of $0.04276, beating estimates but missed revenue forecasts. The company showed a significant year-over-year decline in profitability with a...

Lumen Technologies Misses Q3 Earnings, Shares Plunge 8 percent

Lumen Technologies (NYSE:LUMN) shares dropped more than 8% pre-market today after the company posted a third-quarter adjusted per-share loss of $0.13, which was deeper...

Devon Energy Surpasses Revenue Expectations Despite Earnings Miss, Stock Rises 2 percent

Devon Energy (NYSE:DVN) posted impressive third-quarter 2024 results, with revenue surpassing estimates and helping lift its stock by more than 2% in pre-market today....

IFF Raises Full-Year Revenue Outlook Following Mixed Q3, Stock Rises 2 percent

International Flavors & Fragrances (NYSE:IFF) shares rose around 2% pre-market today after the company reported mixed third-quarter results, with a slight earnings miss offset...

Novo Nordisk Posts Strong 9-Month Growth, Shares Gain 4 percent

Novo Nordisk (NYSE:NVO) shares rose more than 4% pre-market today after the company reported robust performance for the first nine months of 2024, with...
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