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Home Blog Page 2

Saint Joseph’s vies for victory vs. Texas in Legends Classic title game


Texas and Saint Joseph’s will square off for just the second time ever on Friday night when they tip off in the Legends Classic championship game in New York.

Texas rides a four-game winning streak into the final, while Saint Joseph’s has been victorious in three straight contests. Their meeting will be their first since the Longhorns recorded a 68-50 victory on Nov. 24, 2008.

Saint Joseph’s (4-1) overcame squandering a 16-point lead in Thursday’s 78-77 victory over Texas Tech in the semifinals.

Justice Ajogbor made the second of his two free throws with 13 seconds remaining to snap a tie and cap the scoring.

Anthony Finkley successfully contested Darrion Williams’ floater at the buzzer to preserve the win for the Hawks.

“We come in here (to Barclays Center), an amazing NBA venue in Brooklyn, and I’m like, God is good,” Saint Joseph’s coach Billy Lange said. “Just to get these opportunities, regardless of the result … is the thing I’m grateful for the most right now.”

Erik Reynolds II scored 26 points and went 6 of 11 from 3-point range, while Xzayvier Brown finished with 20 points following a 13-for-13 effort from the free-throw line. Brown is averaging 17.4 points and Reynolds 16.8 over the first five games of the season.

Texas (4-1) advanced to Friday’s championship game with a 70-66 win over Syracuse on Thursday, holding on after giving up an 11-point halftime lead. Arthur Kaluma posted 16 points, 10 rebounds and four assists to pace the Longhorns before fouling out.

“I take more of a facilitator role when I work the middle,” Kaluma said of his production against a zone defense. “When I get the ball in the middle, I’m able to spray the ball to my teammates to get easier shots. But when they go man (defense), it’s still that facilitation mindset even when I have more opportunities to score.”

Tre Johnson, who came in averaging 23.5 points per game, added 16 points on Thursday. Johnson went just 1 of 7 from 3-point range in what was his lowest-scoring output of Texas’ first five games.

The Longhorns struggled from deep vs. Syracuse, making just 4 of 15 shots. But Texas benefited from holding the Orange to 5-of-21 shooting from long distance, and Syracuse was a dismal 9 of 18 at the free-throw line.

–Field Level Media

Against Virginia, No. 22 St. John’s will try to recover from devastating defeat


There’s no shortage of ways to describe how close the St. John’s men’s basketball team was Thursday night to earning the first signature win of the Rick Pitino era.

Instead, Pitino and his squad have a short amount of time to overcome a potentially demoralizing loss.

The No. 22 Red Storm will look to produce a quick bounce-back effort Friday night when they play Virginia in the third-place game of the Baha Mar Hoops Championship in Nassau, Bahamas.

Both teams lost in opening-round action Thursday night. St. John’s suffered its first loss of the season when Jeremy Roach hit a 3-pointer as time expired in the second overtime to lift No. 13 Baylor to a 99-98 win. Virginia also fell for the first time in the nightcap, when No. 11 Tennessee pulled away from the Cavaliers in the second half for a 64-42 victory.

St. John’s (4-1) appeared primed to pull off the upset when it scored the first seven points of the game and took a pair of 18-point leads in the first half before entering the locker room with a 44-30 lead.

Baylor shot 47.1 percent (16 of 34) from the field in the second half, including 57.1 percent (8 of 14) from 3-point territory and went ahead 77-74 on Roach’s 3-pointer with 1:48 left. St. John’s scored the final three points of regulation and then overcame a five-point deficit in the final 1:47 of the first overtime before opening two five-point leads in the second extra session, the last at 98-93 when Deivon Smith split a pair of free throws with 18 seconds remaining.

V.J. Edgecombe responded with a 3-pointer for Baylor and St. John’s left the door open one more time when Zuby Ejiofor missed a pair of free throws with 4.1 seconds remaining. Norchad Omier pulled down the rebound and passed to Roach, who raced down the court and hoisted the game-winning shot just before the buzzer sounded.

“That was about as difficult a loss as you can have,” Pitino said.

Ejiofor’s missed free throws served as a harsh reminder of the narrow margin between victory and defeat. St. John’s shot 57.1 percent (16 of 28) from the line, matching the program’s worst single-game mark since Pitino took over prior to last season.

“They’re going to be disappointed — they had the game in control at the end and (Roach) made a big shot,” Pitino said. “We missed the free throws, could’ve iced it. It could’ve been over, but it wasn’t.”

There were no such remorseful what-ifs for Virginia (3-1), which trailed only 22-21 at the half after Andrew Rohde hit a 3-pointer with five seconds left.

The Cavaliers opened the second half 1 for 6 with four turnovers during the first seven minutes, a span in which Tennessee mounted a 15-3 run. Virginia got within five points at 39-34 on Taine Murray’s 3-pointer with 10:48 left, but the Volunteers ended the game with a 25-8 surge.

Virginia, which has yet to score more than 70 points in a game this season, shot 28.6 percent from the field (14 of 49) and allowed Tennessee to pull down 18 offensive rebounds and score 19 second-chance points.

“When you play against high level competition, it really shows you where you are as a team,” interim head coach Ron Sanchez said. “We’ve got to put 40 minutes together. Twenty’s just not enough.”

–Field Level Media

Seton Hall looks for offense to pick up steam vs. Vanderbilt


Seton Hall showed plenty of grit defensively through its first four games of the season. In its fifth game, the trait also appeared on the offensive side.

After opening the Charleston Classic in South Carolina with a thrilling overtime victory over Virginia Commonwealth, the Pirates (3-2) will face a quick turnaround when they meet Vanderbilt (5-0) on Friday.

The Pirates will play their first opponent from a power conference after rallying from an eight-point deficit in the second half to earn a 69-66 win on Thursday.

Held under 60 points in their first four games against mid-majors in the New York/New Jersey area, Seton Hall produced its best offensive showing of the season on Thursday. Leading scorer Chaunce Jenkins scored all of his season-best 22 points after halftime.

Jenkins was 6 of 10 from the field in the final 25 minutes after taking just two shots due to foul trouble in the first half. He made the go-ahead basket with 2:21 remaining in overtime off an inbounds play.

“The guys fought, man,” Seton Hall coach Shaheen Holloway said after his team earned a potential Quad 1 win by beating the Atlantic 10 preseason favorite. “Super proud of these guys. They clawed, they scratched, they made plays when we had to make plays.”

Isaiah Coleman added 12 points and 10 rebounds for the Pirates, who shot 41.8 percent from the floor. David Tubek hit all three of his 3-point tries, and Seton Hall went 7 of 12 from deep and is 15 of 30 from behind the arc in its past two games.

Like VCU, Vanderbilt represents another potent offense to challenge Seton Hall’s stingy defense. The Commodores averaged 91.5 points in four double-digit victories before posting a 73-71 win over Nevada on Thursday.

After facing a team projected to finish third in the Mountain West Conference, Vanderbilt is seeking its first 6-0 start since beginning the 2007-08 season with 16 straight wins.

“We got a perfect record, but we’re not perfect,” Vanderbilt coach Mark Byington said this week. “We got a lot of things to work on. Our guys know it, and I know it.”

Similar to Seton Hall, the Commodores made plays down the stretch after squandering virtually all of a 12-point lead in the second half. AJ Hoggard scored 18 points for Vanderbilt, which overcame 53.7 percent shooting from the floor by Nevada.

–Field Level Media

Syracuse, Texas Tech seek bounce-back effort at Legends Classic


Syracuse and Texas Tech can feel each other’s pain.

In Thursday’s semifinal round of the Legends Classic, both teams forged late rallies that came up a few points short, leading to their first losses of the season. Now the Orange (3-1) will face the Red Raiders (4-1) in the tournament’s consolation game on Friday night in New York.

Syracuse fell in a 14-3 hole early and was down 16 early in the second half before Eddie Lampkin started the comeback with a personal 7-0 run featuring a 3-point play and a dunk. Lampkin scored 12 of his 14 points in the second half.

The Orange took a pair of one-point leads as time wound down, but they made only one field goal in the final 3:17 as Texas secured a 70-66 win at the free-throw line.

“There’s no consolation prizes,” said Syracuse coach Adrian Autry, who bemoaned three late turnovers as well as missed rebounds. “We had a chance to win the game, and we didn’t. That’s on us, that’s on me.”

Lampkin added six assists and five rebounds to continue a stellar start to his Syracuse career. The former TCU and Colorado center is averaging 14.8 points, 8.3 rebounds and 4.8 assists through four games.

JJ Starling, one game removed from a 38-point performance in a double-overtime win over Youngstown State, led the Orange against Texas with 16 points.

Like Syracuse in its game, Texas Tech was behind by as many as 16 points in the latter semifinal game against Saint Joseph’s. The trio of JT Toppin, Darrion Williams and Chance McMillian scored 34 of the Red Raiders’ 42 second-half points to fuel a comeback.

McMillian’s bucket and foul gave Texas Tech a 64-62 advantage at the 6:44 mark — its first lead since 2-0. But the defense was lacking as Saint Joseph’s made four shots in a row with less than four minutes left. After Toppin tied the game with 1:07 to go, he was called for an over-the-back foul on a rebound attempt, and Justice Ajogbor made 1 of 2 free throws to deliver the Hawks a 78-77 win.

Toppin had 22 points and a remarkable 18 rebounds — 12 on offense. His season averages rose to 20.8 points and 11.2 rebounds through five games.

Before the Red Raiders hit the big city, Texas Tech coach Grant McCasland said there were ways Toppin could be even better.

“I think the area of improvement needs to be, how active can we continue to get him defensively where he’s not just surviving a possession?” McCasland said. “Because he’s going to play against great players in our league, but now he’s been tremendous. I’ll tell you what I love about JT: He really does want to know how to get better.”

–Field Level Media

Miami, Oklahoma State seek consolation in Charleston


The Miami Hurricanes and Oklahoma State Cowboys — both coming off upset losses against mid-major schools — will meet Friday afternoon in a Charleston Classic consolation game.

On Thursday afternoon in the first round at Charleston, S.C., Miami (3-1) never led while falling 80-69 to Drake.

Later on Thursday, the Cowboys (3-1) squandered a 10-point lead in an 86-78 loss to Florida Atlantic.

The Friday matchup will be special for Cowboys backup point guard Arturo Dean, who is from Miami.

Dean played for Florida International the past two seasons, and he led the nation in steals in 2023-24 with 104. He also led the Panthers in scoring (13.4 points per game), rebounds (5.1 boards per game) and assists (4.0 per game).

“He takes tremendous pride on defense,” Oklahoma State coach Steve Lutz said. “You don’t get 100-plus steals by accident.”

Hurricanes coach Jim Larranaga believes that the Cowboys will test Miami.

“They’ve got some really big guys,” he said. “We haven’t played that type of size yet (this season).”

Up front, Oklahoma State starts 6-foot-10, 245-pound Abou Ousmane and 6-7, 230-pound Robert Jennings II. Jennings amassed 14 points and 11 rebounds against Florida Atlantic, while Khalil Brantley scored a team-high 16 points.

This is supposed to be a rebuilding season for the Cowboys, who were predicted to come in 14th out of 16 teams in the Big 12 based on a preseason vote of the conference’s head coaches. The Cowboys have earned just one NCAA Tournament berth in the past seven years.

Lutz, after coaching Western Kentucky last season, is in his first year with the Cowboys, who lost four starters from 2023-24.

Miami, meanwhile, has a lot to prove after a Thursday game in which Drake logged a 14-5 edge in the offensive rebounds. The Bulldogs also posted a 36-18 advantage in paint points.

Miami’s defense had trouble with Drake’s voluminous screens.

Two Miami starters — center Lynn Kidd and power forward Brandon Johnson — will be looking for bounce-back games on offense. Kidd had just two points against Drake, while Johnson had seven.

Nijel Pack topped the Hurricanes with 17 points, raising his team-leading scoring average to 15.3 per game. Matthew Cleveland and Jalen Blackmon each put up 12 points vs. the Bulldogs.

–Field Level Media

NFL News: Jason Kelce gets ESPN late-night show


Move over Jimmy Kimmel. Jason Kelce is taking to late-night TV starting in January, but viewers will need to stay up past midnight to see his new show.

ESPN plans to tape the live-audience studio show, “They Call It Late Night with Jason Kelce,” on Fridays starting Jan. 3 through the end of the NFL playoffs — a five-week stretch that would serve as a test run for the retired All-Pro center and big brother to Kansas City Chiefs tight end Travis Kelce.

The first four episodes will air at 1 a.m. ET starting Jan. 4 and re-air on ESPN2 and Kelce’s YouTube channels.

“I loved late-night shows, I’ve always loved them. I remember sleepovers watching Conan O’Brien with my friends. We’re going to have a bunch of guys up there — legends of the game, friends that I played with, coaches, celebrities,” Jason Kelce said Thursday night on an appearance with Kimmel.

Jason Kelce, 37, joined “Monday Night Countdown” on ESPN at the start of this season.

The show will be recorded in Philadelphia at Union Transfer with live music.

NFL Films’ first full-length film, “They Call It Pro Football,” had deep Philly roots. Philadelphia TV personality John Facenda became the voice of NFL Films and narrated that film, from which the title of Jason Kelce’s new show was created.

The Kelce brothers share a popular podcast and YouTube channels. Jason Kelce is not playing in the NFL for the first time since being drafted by the Philadelphia Eagles in the sixth round of the 2011 draft. The six-time All-Pro started all 193 games he played in the NFL.

–Field Level Media

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

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Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing estimates and showcasing financial challenges in the competitive automotive AI sector.
The company’s revenue of $54.8 million fell short of expectations, although it has consistently surpassed consensus revenue estimates over the last four quarters.
Despite a negative price-to-earnings ratio and a moderate level of debt, Cerence continues to focus on strategic goals within the automotive AI industry.

Cerence Inc. (NASDAQ:CRNC) is a company specializing in automotive artificial intelligence, providing voice and AI solutions for the automotive industry. Despite its innovative offerings, Cerence faces competition from other tech companies in the automotive AI space. On November 21, 2024, Cerence reported an earnings per share (EPS) of -$0.49, missing the estimated EPS of -$0.36. The company’s revenue was approximately $54.8 million, falling short of the estimated $55.7 million.
During the Q4 2024 earnings conference call, attended by analysts from major financial institutions like Craig-Hallum and Goldman Sachs, Cerence reported a quarterly loss of $0.07 per share (non-GAAP). This was significantly better than the Zacks Consensus Estimate of a $0.32 loss, marking an earnings surprise of 78.13%. However, this is a decline from the $0.09 per share earnings in the same quarter last year.
Cerence’s revenue for the quarter ending September 2024 was $54.81 million, exceeding the Zacks Consensus Estimate by 13.85%. Despite this, it represents a decline from the $80.76 million reported in the same quarter the previous year. The company has consistently surpassed consensus revenue estimates over the last four quarters, showcasing its ability to outperform expectations despite challenges.
Financially, Cerence has a negative price-to-earnings (P/E) ratio of approximately -0.42, indicating a lack of profitability. The price-to-sales ratio is about 0.74, meaning investors pay $0.74 for every dollar of sales. The enterprise value to sales ratio is slightly lower at 0.67, suggesting a relatively lower valuation when considering debt and cash.
Cerence’s debt-to-equity ratio is about 0.71, indicating a moderate level of debt compared to its equity. The current ratio stands at approximately 1.22, showing a reasonable level of liquidity to cover short-term liabilities. Despite these financial challenges, Cerence continues to focus on its strategic goals in the automotive AI sector.

NetApp Inc. (NASDAQ:NTAP) Surpasses Earnings and Revenue Estimates

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NetApp Inc. (NASDAQ:NTAP) reported an earnings per share (EPS) of $1.87, exceeding the estimated $1.78 and marking a significant year-over-year improvement.
The company’s revenue reached $1.66 billion, surpassing both the estimated $1.65 billion and the previous year’s figure, showcasing strong market demand.
NetApp has raised its profit and revenue forecast for fiscal year 2025, indicating a positive outlook driven by the integration of artificial intelligence in cloud platforms.

NetApp Inc. (NASDAQ:NTAP), a leading enterprise in the data storage industry, supports major cloud platforms like Amazon Web Services, Microsoft Azure, and Google Cloud. Operating within the Zacks Computer-Storage Devices industry, NetApp demonstrates a strong market presence and competitive edge. The company’s recent financial performance highlights its robust growth trajectory and operational success.
On November 21, 2024, NetApp reported an EPS of $1.87, surpassing the estimated $1.78. This performance also exceeded the Zacks Consensus Estimate of $1.79, marking a 4.47% earnings surprise. Compared to the same quarter last year, where EPS was $1.58, this represents a significant improvement. Over the past four quarters, NetApp has outperformed consensus EPS estimates three times, highlighting its consistent financial strength.
NetApp’s revenue for the quarter ending October 2024 reached $1.66 billion, slightly above the estimated $1.65 billion. This figure also exceeded the Zacks Consensus Estimate by 0.79% and marked an increase from the $1.56 billion reported in the same period last year. The company has consistently surpassed consensus revenue estimates in each of the last four quarters, reflecting its strong market demand and effective business strategies.
Following the positive fiscal second-quarter results, NetApp’s stock experienced a rise, as reported by Investor’s Business Daily. The company has increased its profit and revenue forecast for fiscal year 2025, driven by strong demand for data storage services. This demand is largely due to enterprises integrating artificial intelligence into their cloud platforms, which has been advantageous for NetApp. The company now anticipates adjusted EPS for 2025 to be between $7.20 and $7.40, with an annual revenue forecast of $6.54 billion to $6.74 billion.
NetApp’s financial metrics provide further insight into its market valuation and financial health. The company’s price-to-earnings (P/E) ratio is approximately 24.05, while the price-to-sales ratio stands at about 4.07. The enterprise value to sales ratio is around 4.22, and the enterprise value to operating cash flow ratio is approximately 17.13. Additionally, NetApp’s earnings yield is about 4.16%, and the debt-to-equity ratio is approximately 2.58. The current ratio is around 0.96, indicating the company’s ability to cover short-term liabilities with short-term assets.

Agilent Technologies (NYSE:A) Quarterly Earnings Preview

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The anticipated EPS of $1.41 represents a 2.2% increase from the previous year.
Projected revenue of $1.67 billion marks a slight decrease of 0.9% year-over-year.
Options markets are pricing in a potential stock swing of 7.6% post-earnings.

Agilent Technologies (NYSE:A) is a global leader in life sciences, diagnostics, and applied chemical markets. The company provides instruments, software, services, and consumables for the entire laboratory workflow. As Agilent prepares to release its quarterly earnings on November 25, 2024, analysts expect an earnings per share (EPS) of $1.41 and revenue of $1.67 billion.

The anticipated EPS of $1.41 represents a 2.2% increase from the previous year, as highlighted by analysts. However, the projected revenue of $1.67 billion marks a slight decrease of 0.9% year-over-year. This stability in earnings estimates over the past 30 days suggests that analysts are confident in their forecasts, which can influence investor sentiment.

Historically, Agilent’s stock has shown mixed reactions following earnings reports, with an equal number of positive and negative next-day returns over the past eight quarters. On average, the stock has moved 5.3% in either direction post-earnings in the last two years. However, options markets are currently pricing in a larger potential swing of 7.6% this time.

Agilent’s stock price is currently up 0.9% at $126.83, recovering from its lowest close since July and potentially ending a four-day losing streak. The company’s financial ratios, such as a P/E ratio of 27.10 and a price-to-sales ratio of 5.84, reflect investor confidence in its earnings and revenue potential. The debt-to-equity ratio of 0.50 indicates a moderate level of debt, while a current ratio of 1.78 suggests good liquidity.

Intuit Inc. (NASDAQ:INTU) Surpasses Earnings and Revenue Estimates

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Intuit Inc. (NASDAQ:INTU) reported an EPS of $2.50, beating the estimated $2.35 and showcasing a 5.93% surprise over expectations.
The company’s revenue reached $3.28 billion, surpassing estimates and indicating a 10.2% year-over-year growth.
Despite strong financial performance, Intuit’s stock fell by 6% in extended trading due to a disappointing forecast for the current quarter.

Intuit Inc. (NASDAQ:INTU) is a leading financial software company known for its flagship products like TurboTax, QuickBooks, and Credit Karma. These tools help individuals and businesses manage their finances efficiently. Intuit operates in a competitive market, with rivals such as H&R Block and Sage Group. Despite the competition, Intuit continues to demonstrate strong financial performance.

On November 21, 2024, Intuit reported earnings per share (EPS) of $2.50, surpassing the estimated $2.35. This marks a 5.93% surprise over the expected figures, as highlighted by Zacks. The EPS also showed a slight increase from $2.47 in the same quarter last year, indicating steady growth. This performance reflects Intuit’s ability to consistently exceed market expectations.

Intuit’s revenue for the quarter ending in October 2024 reached $3.28 billion, exceeding the estimated $3.14 billion by 4.58%. This represents a 10.2% increase compared to the same period last year. The company has consistently outperformed consensus revenue estimates over the past four quarters, showcasing its strong market position and effective business strategies.

Despite the positive earnings report, Intuit’s stock fell by 6% in extended trading due to a disappointing forecast for the current quarter. The company expects revenue between $3.81 billion and $3.85 billion and EPS of 84 cents to 90 cents, falling short of the $1.50 EPS anticipated by analysts. This outlook has impacted investor sentiment, despite the company’s strong past performance.

Intuit’s financial metrics reveal a high market valuation, with a price-to-earnings (P/E) ratio of approximately 64.14 and a price-to-sales ratio of about 11.68. The enterprise value to sales ratio is around 11.86, reflecting the company’s valuation in relation to its revenue. Despite a relatively low debt-to-equity ratio of 0.33, indicating a conservative capital structure, the company’s stock is trading at a premium relative to its cash flow generation.