ADVFN US – Market Content Editor
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Old Republic misses Q1 estimates on weaker earnings and revenue
Old Republic International Corporation (NYSE:ORI) reported first-quarter results that came in below Wall Street expectations, with both profit and revenue missing analyst forecasts. Shares slipped 1.21% in premarket trading following the release. Earnings and revenue fall short The specialty insurer posted adjusted earnings per share of $0.68, falling short of the consensus estimate of $0.80…
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Ardagh Metal Packaging rises on Q1 earnings and revenue beat
Ardagh Metal Packaging S.A. (NYSE:AMBP) reported first-quarter results on Thursday that came in ahead of analyst expectations, sending its shares higher in premarket trading. The stock gained 3.77% following the release. Profit and revenue exceed forecasts The company posted adjusted earnings per share of $0.05, surpassing the analyst estimate of $0.03. Revenue totaled $1.5 billion,…
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Super Micro drops 10% after reported loss of major Oracle contract
Super Micro Computer (NASDAQ:SMCI) shares fell 10% on Thursday following reports that the company lost a sizable contract with Oracle involving Nvidia (NASDAQ:NVDA) GB300 NVL72 server racks. Contract cancellation worth over $1 billion According to Bluefin Research, Oracle canceled between 300 and 400 racks previously ordered from Super Micro, with each unit valued at roughly…
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Avis Budget slides as short squeeze unwinds and JPMorgan cuts rating
Avis Budget Group (NASDAQ:CAR) shares dropped 9% on Thursday, extending a sharp selloff after plunging 38% in the previous session, as momentum from a recent short squeeze began to fade and JPMorgan downgraded the stock. JPMorgan downgrade despite higher price target Analyst Ryan Brinkman lowered his rating on Avis Budget from Neutral to Underweight, while…
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Hims & Hers jumps 7% after expanding partnership with Eli Lilly
Hims & Hers Health (NYSE:HIMS) shares climbed 7% after the company revealed an expansion of its platform that allows healthcare providers to prescribe weight loss treatments from Eli Lilly. The telehealth firm said clinicians using its platform can now issue prescriptions for Zepbound vials, KwikPen, and Foundayo, which can be fulfilled through the LillyDirect pharmacy.…
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Union Pacific tops Q1 expectations as efficiency improvements support profits
Union Pacific Corporation (NYSE:UNP) reported first-quarter results on Thursday that came in ahead of analyst forecasts, driven by stronger efficiency and solid revenue performance. Adjusted earnings per share reached $2.93, exceeding the consensus estimate of $2.86, as the rail operator delivered record operating revenue and improved key performance metrics. Revenue totaled $6.22 billion, slightly above…
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U.S. stocks seen easing after rally to record highs: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures indicate a slightly weaker open on Thursday, suggesting markets could give back some ground following the strong gains recorded in the previous session. Investors may look to lock in profits after Wednesday’s rally, which more than reversed the losses seen earlier in the week. Both the Nasdaq and the S&P 500 climbed…
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PENN Entertainment tops earnings estimates despite revenue shortfall
PENN Entertainment Inc. (NASDAQ:PENN) reported first-quarter results on Thursday that beat profit expectations but came in slightly below revenue forecasts. The company posted adjusted earnings per share of $0.11, more than double the analyst estimate of $0.05. Revenue totaled $1.78 billion, missing the consensus estimate of $1.75 billion, though still representing a 6.4% increase from…
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Pool Corp. beats Q1 estimates on solid sales growth
Pool Corporation (NASDAQ:POOL) reported first-quarter results on Thursday that came in ahead of analyst expectations, supported by steady demand across key product categories. The company posted adjusted earnings per share of $1.43, exceeding the consensus estimate of $1.35 by $0.08. Revenue reached $1.14 billion, topping forecasts of $1.1 billion and marking a 6% increase from…
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Blackstone tops Q1 expectations despite market volatility
Blackstone Inc. (NYSE:BX) reported first-quarter results on Thursday that came in ahead of Wall Street forecasts, even as the firm operated in a challenging market environment. Shares dipped 0.93% in premarket trading following the announcement. Earnings and revenue exceed estimates The alternative asset manager posted adjusted earnings of $1.36 per share for the quarter ended…