Profit and Revenue Surge for Metro in Q3
By Adriano Marchese Metro reported a substantial increase in profit and revenue during its third fiscal quarter, surpassing analyst expectations. However, the company is currently facing a strike by its…
Stratec Reports Lower Earnings in Q2
German diagnostics systems developer, Stratec, reported lower earnings for the second quarter of the year. The decrease in profits was attributed to higher costs. However, the company remains optimistic about…
U.S. Stock Indexes Open Lower as Moody’s Downgrades Banks
U.S. stock indexes started the day on a downward trend, with financial stocks taking a hit following Moody's decision to downgrade the credit rating of several small- to mid-sized U.S.…
Toast Inc. Reports Strong Q2 Revenue and Positive Cash Flow
After-Hours Surge for Toast Inc. Shares In a promising turn of events, technology provider Toast Inc. exceeded revenue expectations for the latest quarter and achieved positive free cash flow for…
Pittards Faces Financial Uncertainty
The future of Pittards, the London-listed manufacturer of specialty-leather goods for retailers, hangs in the balance as Ernst & Young LLP is expected to step in as administrators. This decision…
Zoetis Reports Strong Second-Quarter Growth in Net Income
Zoetis, a leading veterinary-drug maker, has announced impressive financial results for the second quarter. The company witnessed a double-digit increase in net income, primarily driven by growth in its companion…
Ignitis Group Announces 2023 Q2 Results
Ignitis Group (hereinafter referred to as "the Group") will announce its 2023 Q2 results on August 22, 2023, Tuesday at 13:00 Vilnius / 11:00 London time. Registration for Presentation To…
U.S. Stocks See Gains as Dow Notches Best Day in Weeks
The U.S. stock market closed on a high note on Monday, with the Dow Jones Industrial Average (DJIA) having its strongest performance in about seven weeks. According to preliminary FactSet…
Kyndryl Reports Strong Quarter and Profit Projection for 2024
Overview Kyndryl Holdings Inc., a managed infrastructure-service company that recently spun off from International Business Machines Corp., announced a better-than-expected break-even quarter and projected a pretax profit for this year.…
Adtran Holdings Faces Challenges as Customers Manage Inventory
Shares of Adtran Holdings have taken a steep decline, falling approximately 20% in morning trading. The telecommunications supplier has warned that the upcoming year is expected to remain challenging as…
Fortinet Faces Temporary Setback, Offering Buying Opportunity
Shares of Fortinet (ticker: FTNT) experienced a sharp decline of 25% on Friday due to concerns over macroeconomic uncertainties impacting deals. However, Guggenheim analysts point out that this market reaction…
Humanigen Faces Challenges, Shares Drop and Bankruptcy Looms
Humanigen, a biopharmaceutical company, has experienced a significant drop in its shares after a proposed business combination fell through. The company has now revealed in a filing with the U.S.…
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