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Home Blog Page 8599

SES AI Reports Q4 Results, Shares Volatile

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SES AI Corporation (NYSE:SES) shares jumped nearly 10% on Tuesday after the company reported its Q4 results, however, it was followed by today’s 7% decline in the share price.
The company reported mixed Q4 results and more importantly provided an operational update as it continues to progress with its A-sample cell production and moving toward its target of reaching B-sample production and delivery by mid-year. Having achieved ready-to-use status for its three Asamplelines ahead of schedule last year, the company believes it is now on track to transition to B-sample development with its OEM partners this year.
The company has made meaningful progress in addressing the various quality issues with its A-sample 100Ah cells, and plans to leverage its learnings to enable a smoother ramp process as it enters B-sample development with improved volume, speed, and quality. Overall, the company is progressing on track thus far, and management also reiterated that the current cash in hand is sufficient to take it to commercialization.

Westport Fuel Systems Shares Plunge 31 percent Since Q4 Report

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Westport Fuel Systems (NASDAQ: WPRT) shares dropped more than 31% since the company’s reported Q4 results on Monday, with EPS of ($0.10) coming in worse than the Street estimate of ($0.06). Revenue was $78 million, above the Street estimate of $75 million, but margins were under pressure from higher warranty expenses, lower volumes, and higher input pricing.
The silver lining is in energy price dynamics that continue to improve and could support growth and margin trends, but this could be a late 2023 development, and analysts at RBC Capital think investors will want to see proof of the demand response.

PGA News: Ribeye highlights Scottie Scheffler’s Masters champions dinner

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Texas ribeye steak. Blackened Redfish. Cheeseburger sliders — “Scottie-style.”

Defending Masters champion Scottie Scheffler is serving up a feast for golfing royalty on April 4, the night of the Masters champions dinner at the Masters Club in Augusta, Ga.

Firecracker shrimp and tortilla soup are also on the menu, joining the sliders as appetizers.

The champs get their choice of entree — ribeye or blackened redfish — to go with sides of macaroni and cheese, jalapeno creamed corn, fried brussels sprouts and seasoned fries.

Warm chocolate-chip skillet cookies and ice cream finish off the dinner.

Scheffler, 26, is No. 1 in the Official World Golf Rankings following Sunday’s win at The Players Championship.

–Field Level Media

Roper Technologies’ Upcoming Analysts Meeting Preview

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RBC Capital analysts provided their outlook on Roper Technologies, Inc. (NYSE:ROP) ahead of the upcoming Analyst Meeting on March 21.
The analysts expect the company to issue updated long-term metrics, likely to target organic sales growth of 7%-8% (vs. 6%-7% today), EBITDA margins of 40%, and free cash flow generation equal to approximately 80% of EBITDA.
The analysts look for Roper to review its repeatable self-funded growth-by-M&A compounder model focused on acquiring niche software/SaaS businesses with high barriers to entry and low capital-intensity/high free cash flow. With over $4 billion in M&A firepower, the analysts like Roper’s near-term prospects to pursue M&A.

PGA News: Justin Thomas frustrated with ‘bizarre’ start to 2023

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Justin Thomas admits the frustration with the inconsistent form of his game is steadily growing.

He has made 12 consecutive cuts dating to last July. But Thomas doesn’t have a win and has only three top 10s during that stretch, and the streak only reached a dozen when he made the cut on the number at The Players Championship last week.

A tie for 60th at TPC Sawgrass was the latest example of Thomas reaching the weekend but failing to be anywhere close to contention come Sunday. Through his first six events of 2023, Thomas’ solo fourth at the Phoenix Open is his only finish better than T20.

“I would say frustrated is definitely one of the words I would use to describe how I’m feeling. It’s a lot,” he said Wednesday ahead of the Valspar Championship. “It’s just been an odd year.

“I’ve been working really hard and trying to get what I feel like is back to more how I’m playing. But then again, I’ll have weeks where — it’s weird. It’s like I’ve described it to probably my team, it’s like I feel really close and I feel really far at times. So it’s kind of bizarre.”

The Valspar would appear to be a prime opportunity for Thomas to kick-start his season. He tied for third last year and owns the event’s second-lowest career scoring average at 69.67.

Thomas is also the top-ranked player in the field at No. 10 — although he has dropped from No. 5 just last summer despite the defection of several former top-10 players to LIV Golf. He also is coming off a difficult week at TPC Sawgrass, where he entered the event with the lowest scoring average among all players since 1983 with at least 15 rounds played.

So it’s fair to say that even Thomas doesn’t know what to expect at the Valspar.

“I don’t need to start over and kind of rewrite the book. It’s not that far off,” he said. “It’s just this game of golf can do that sometimes. I think that quote kind of was going around again of what Max (Homa) said however many years ago — you know, this game can make you feel one swing away from want to go quit and one swing away from feeling like you’re going to win the Masters, and that’s kind of where I’m at right now.”

Thomas said he’s a big fan of the Copperhead course at Innisbrook Resort, where he has finished worse than T18 just once in five previous starts. Can this week be the springboard toward the string of upcoming majors, beginning with next month’s Masters?

“I mean, my golf game obviously doesn’t feel great,” Thomas admitted. “I haven’t been playing really, really well, but I feel like I’m close. I’m just trying to stay patient and stay positive and just kind of wait for good things to happen because I know that great things are coming.

“It’s just a matter of time and I just need to be in the right frame of mind for it.”

–Field Level Media

SentinelOne Shares Surge 7 percent on Q4 Beat, Guidance Mixed

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SentinelOne, Inc. (NYSE:S) shares gained more than 7% on Wednesday after the company reported its Q4 results, with EPS coming in at ($0.13), above the Street estimate of ($0.16). Revenue was $126.1 million, beating the Street estimate of $124.69 million.


The company expects Q1/24 revenue to be approximately $137 million, better than the Street estimate of $136.85 million. For the full year, the company expects revenue to be in the range of $631-640 million, below the Street estimate of $648.66 million.
2024 was guided slightly below on both ARR and profitability, which management largely attributed to incremental conservatism/uncertainty despite trends within the company’s control remaining stable.

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How Groupon Will Revolutionize And Help The Retail Industry Post Covid -19

Women’s First Four: Mississippi State, Sacred Heart advance


Jessika Carter posted a game-high 22 points, nine rebounds and four blocks to carry No. 11 seed Mississippi State past No. 11 seed Illinois 70-56 in a First Four game at South Bend, Ind., on Wednesday night.

Back in the NCAA Tournament for the first time since 2019, Mississippi State (21-10) will face No. 6 seed Creighton on Friday.

Jerkaila Jordan and Anastasia Hayes each added 11 points for the Bulldogs, who blew open a one-point game at the half by outscoring the Fighting Illini (22-10) 21-8 in the third quarter.

Makira Cook led Illinois with 21 points, while Genesis Bryant added 17 and Adalia McKenzie chipped in 10.

Sacred Heart 57, Southern 47

Ny’Ceara Pryor and Kelsey Wood each logged a double-double as the Pioneers downed the Jaguars in a First Four game at Stanford, Calif.

Sacred Heart (19-13) posted its sixth consecutive win and earned a shot, as a No. 16 seed, to oppose No. 1 Stanford on the Cardinal’s home floor on Friday.

Pryor finished with 11 points and 10 assists while Wood amassed 10 points and 11 rebounds. Olivia Tucker scored a game-high 13 points for the Pioneers.

Genovea Johnson had team highs of 11 points and seven rebounds for Southern (18-15).

–Field Level Media

South Carolina’s Aliyah Boston’s joins three-time All-American club


South Carolina star Aliyah Boston on Wednesday was named an Associated Press first-team All-American for the third time, making her just the 10th women’s player to earn the honor three or more times.

Also on the first team is Iowa star Caitlin Clark, who joined Boston in being a unanimous selection by the 28-person panel. Villanova’s Maddy Siegrist, LSU’s Angel Reese and Indiana’s Mackenzie Holmes also were selected.

“Aliyah has been the best college player in, to me, as many years as she’s been honored as an All-American, but definitely the past two seasons,” South Carolina coach Dawn Staley said. “I hope that we can really give her flowers while she’s still a collegiate athlete because I don’t think there will be another Aliyah Boston to ever grace college women’s basketball.”

Boston averaged 13.3 points and 9.7 rebounds and blocked 64 shots as the Gamecocks went 32-0 in the regular season. Defending champion South Carolina is the No. 1 overall seed for the women’s NCAA Tournament.

Boston joins a list of players that included two four-time first-team All-Americans in UConn’s Maya Moore and Oklahoma’s Courtney Paris. The other three-time honorees are Oregon’s Sabrina Ionescu, South Carolina’s A’ja Wilson, Baylor’s Brittney Griner, Tennessee’s Chamique Holdsclaw, Duke’s Alana Beard, UConn’s Breanna Stewart and Kentucky’s Rhyne Howard.

Howard joined the club last season.

Clark, a junior, will have the opportunity to join the exclusive club next season after earning first-team honors for the second straight season. She averaged 27.0 points, 8.3 assists and 7.5 rebounds in 32 games.

Siegrist leads the nation in scoring at 28.9 points and is 16 points away from becoming the fifth Division I women’s player to score 1,000 points in a season.

Players earning second-team All-Americans honors were Elizabeth Kitley (Virginia Tech), Diamond Miller (Maryland), Alissa Pili (Utah), Cameron Brink (Stanford) and Olivia Miles (Notre Dame).

Selected to the third team were Ashley Joens (Iowa State), Aneesah Morrow (DePaul), Zia Cooke (South Carolina), Aaliyah Edwards (UConn) and Haley Jones (Stanford).

–Field Level Media

Arizona State rains treys in First Four rout of Nevada


DAYTON, Ohio — DJ Horne led a torrid first-half offensive display and finished with 20 points as Arizona State routed Nevada 98-73 in the final NCAA Tournament First Four game on Wednesday.

Desmond Cambridge Jr. had 17 and Jamiya Neal added 16 for the Sun Devils (23-12), who advance as a No. 11 seed to play No. 6 TCU in a West Region first-round game in Denver on Friday.

Arizona State’s Devan Cambridge contributed 15 points, and Luther Muhammad put up 12 points.

Sun Devils coach Bobby Hurley said, “It was a complete performance for us and you want to be playing this way at this time of year. That’s what it’s all about. I truly believe that our schedule and the games we’ve been in, especially late in the season, prepares you for these type of games. Across the board, just everyone contributed. Our defense was outstanding in the first half. Our bench was really good.”

The Sun Devils used a 22-2 run in the first half to build an insurmountable 53-26 halftime lead. Arizona State finished 11-for-21 (52.4 percent) from 3-point range to record their first NCAA Tournament win since 2019, which also was in the First Four.

Will Baker scored 17, Tre Coleman added 14 and Darrion Williams had 12 to lead Nevada (22-11), which allowed Arizona State to shoot 63.6 percent from the field for the game.

The game was a matchup of two high-profile coaches as Hurley got the better of Nevada’s Steve Alford.

Alford said, “We just didn’t have enough experience and you’ve got to give Arizona State credit. I’ve watched a bucketload of games on them and I thought that’s as well as they played all year. And it’s a great credit to them because if you can play some of your best basketball in March that’s really, really good. And I thought they were tremendous tonight.”

After Baker, the Wolf Pack center, connected on a 3-pointer in the opening seconds, Arizona State responded with the next 13 points and took command of the game.

Neal had two spectacular plays on consecutive trips down the court that put the Sun Devils ahead 25-12 midway through the first half.

His straightaway 3-pointer with a hand in his face was followed by a spinning layup under the basket, with the ball falling through the net as he fell hard to the court beyond the end line.

Desmond Cambridge Jr. connected on a pair of treys on back-to-back trips late in the first half.

Alonzo Gaffney then drained a long 3-pointer from the left side in front of Nevada’s bench and shrugged his shoulders in a motion reminiscent of Michael Jordan in the 1992 NBA Finals against Portland.

Arizona State’s eighth triple in 12 attempts put the Sun Devils up 51-22 with 2:29 left in the first half. The Sun Devils shot 8-for-14 from behind the arc before halftime.

Just 20 seconds into the second half, the Sun Devils continued their 3-point assault as Horne’s triple expanded the lead to 56-26. Nevada could get no closer than 19 in the second half.

–Mike Petraglia, Field Level Media

Cincinnati tops Virginia Tech in NIT opener


David DeJulius had 21 points and seven assists to propel host Cincinnati to an 81-72 victory over Virginia Tech in the opening round of the NIT on Wednesday.

Former Virginia Tech player Landers Nolley II added 15 points and 12 rebounds as fourth-seeded Cincinnati (22-12) advanced to a second-round game against Hofstra (25-9), which toppled top-seeded Rutgers in overtime on Tuesday night.

Jeremiah Davenport scored all but one of his 12 points in the second half. Mika Adams-Woods and Ody Oguama contributed 10 points each for the balanced Bearcats.

Viktor Lakhin added nine points and eight rebounds to help Cincinnati win the battle of the boards 42-29.

Justyn Mutts had 19 points and six rebounds to lead Virginia Tech (19-15). Grant Basile added 17 points and seven rebounds, while Hunter Cattoor tallied 11 of his 13 points in the second half.

In a game that was tight all the way, neither team led by more than six points until the final minute. There were 13 ties and 11 lead changes.

Virginia Tech matched its biggest lead of the game, 40-34, early in the second half when MJ Collins made a 3-pointer.

But Cincinnati answered with 3-pointers from Adams-Woods, Nolley and Davenport to set the scene for a tight second half.

When Davenport drained his third 3-pointer of the half with 5:43 left, it gave the Bearcats the lead for good. Lakhin helped stretch the edge to 72-66, scoring four points on consecutive possessions.

Cincinnati had the best of it at the end as DeJulius hit a floater in the lane with 1:15 left and then made 7 of 8 free throws in the final minute.

The Hokies missed all seven of their 3-point attempts in the final 2:18.

In the final 3:25 of the first half, Mutts scored three baskets to crack the 1,000-point mark in his three seasons at Virginia Tech and help the Hokies to a 33-29 lead at intermission.

–Field Level Media