Category: Investing.com
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Black Rifle Coffee outlines strong Q1 growth, partners with Keurig By Investing.com
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Black Rifle Coffee Company (BRCC) has reported a robust financial performance in the first quarter of 2024, with net revenue climbing 18% from the previous year. This growth was largely fueled by a 51% surge in the wholesale business. The company achieved record margins, profitability, and cash flow, and announced…
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Flux Power navigates market headwinds, eyes growth By Investing.com
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Flux Power Holdings (FLUX) reported a challenging third quarter for the fiscal year 2024, with revenues declining to $14.5 million from $15.1 million in the same quarter of the previous year. The company faced delays in new orders, primarily due to revised forklift delivery schedules and the broader impact of…
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Kaltura reports growth and positive EBITDA in Q1 2024 By Investing.com
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Kaltura, Inc. (NASDAQ: KLTR), a leading video cloud platform, has announced its first quarter results for 2024, demonstrating financial resilience with a 3% increase in total revenue to $44.8 million and a 2% rise in subscription revenue to $41.2 million. The company achieved a positive adjusted EBITDA of $0.6 million,…
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US stock futures just higher; key inflation data, retail earnings due By Investing.com
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Investing.com — U.S. stock index futures rose on Monday, trading in tight ranges as caution set in ahead of key inflation data, due later this week, which will likely factor into interest rate expectations. At 06:20 EST (10:20 GMT), it rose 34 points, or 0.1%, rose 6 points, or 0.1%,…
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Asia FX edges lower, dollar steadies with inflation on tap By Investing.com
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Investing.com — Most Asian currencies moved in a flat to lower range on Monday, while the dollar stabilized from recent volatility as focus turned squarely to upcoming US inflation data for further signals on interest rates. Moderate Chinese inflation data weighed on the yuan, while also sparking slight weakness in…
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Wall Street dives into Regeneron’s robust prospects By Investing.com
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Regeneron (NASDAQ:) Pharmaceuticals, Inc. remains… At the forefront of the biopharmaceutical industry, with a strategic focus on new therapeutic areas and a strong financial position. Analysts from BMO Capital Markets, Morgan Stanley and RBC Capital Markets provide insights into the company’s growth potential, competitive position and market dynamics, as Regeneron…
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Global Crossing Airlines reports strong revenue growth By Investing.com
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Global Crossing Airlines (JET:NASDAQ) has announced a significant uptick in its financial performance for the first quarter of 2024, with a 67% increase in revenue to $53.8 million and a 16-fold rise in EBITDA year-over-year. Despite this growth, the company reported a net loss of $6.3 million and ended the…
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Wall Street eyes TELUS Corporation’s robust growth By Investing.com
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In the ever-evolving communications landscape, AT&T Inc. (NYSE:T) is the center of attention thanks to its recent performance that has caught the attention of Wall Street. The multinational holding company, one of the world’s largest telecommunications companies, offers a range of services including mobile, fixed-line telephony and broadband TV subscription…
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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.62% By Investing.com
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Investing.com – Saudi stocks fell after the close on Sunday, as losses in stocks and sectors led shares lower. At the close in Saudi Arabia, the index lost 1.62%, reaching a new low in 3 months. Among the leading stocks today, the Saudi Dairy and Food Products Company (Tadawul:) emerged,…
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Micron upgraded amid ‘unprecedented outlook for memory’ By Investing.com
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Investing.com – Here are the biggest artificial intelligence (AI) analyst moves this week. InvestingPro subscribers always get the first feedback from market-moving AI analysts. Upgrade today! Apple’s focus on AI is ‘clearly visible’ – BofA During the week, analysts at Bank of America Securities reiterated a buy rating and price…
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Latham Group reports resilient Q1 despite soft market By Investing.com
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Latham Group, Inc. (SWIM) kicked off the first quarter of 2024 with results that surpassed their own forecasts, showcasing the company’s resilience in a challenging market for the pool industry. The company’s strategic cost reductions and efficiency improvements have led to a stronger margin profile, despite a decline in net…
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Credicorp reports strong Q1 with digital growth and stable ROE By Investing.com
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Credicorp Limited (NYSE: NYSE:), a leading financial services holding company in Peru, has reported robust first-quarter results for 2024, with CEO Gianfranco Ferrari (NYSE:) highlighting the company’s strong return on equity (ROE) and the positive economic outlook for Peru. Despite challenges such as a recent sovereign credit rating downgrade and…
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Gritstone bio details progress in cancer vaccine trials By Investing.com
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Gritstone bio (GRTS) has unveiled promising preliminary data from its GRANITE personalized cancer vaccine program during its First Quarter 2024 Earnings Call. The clinical updates showed a positive trend in progression-free survival (PFS) for colorectal cancer patients, with particularly encouraging results in high-risk individuals. The company’s financial position was also…
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Apple in advanced talks with OpenAI to use ChatGPT technology on iPhone By Investing.com
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Apple (NASDAQ:) is nearing an agreement with OpenAI to integrate the startup’s AI technology into the iPhone, Bloomberg News reported. This move is part of Apple’s broader initiative to enhance its devices with artificial intelligence capabilities. Technology from OpenAI, including chatbot features GPT, is expected to be integrated into iOS…
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Caliway to Present the Latest Clinical Advancements at 2024 BIO International Convention By Investing.com
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new Taipei city, May 11, 2024 /PRNewswire/ — Calliway Biopharmaceuticals (Calliway) is pleased to announce its partnership to share the latest clinical developments in the upcoming 2024 year Vital International Convention on Wednesday, June 5in 11:45 AM PT. The presentation will take place at Theater show company 2 in San…
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Gen reports robust FY2024 results, bullish on cyber safety By Investing.com
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In a recent earnings call, Gen Digital Inc (GEN) discussed its financial performance for the fourth quarter and the full fiscal year of 2024. CEO Vincent Pilette and CFO Natalie Derse detailed the company’s strong operating results, significant growth in revenue, and strategic achievements. Pilette emphasized the escalating cyber risks…
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More yen weakness likely – BOA Securities survey By Investing.com
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Investing.com – Further weakness in the Japanese yen appears likely, according to Bank of America Securities, citing its latest surveys of foreign exchange rates and interest rates. At 10:25 EST (14:25 GMT), it was trading 0.2% higher at 155.83 yen, with the pair up just under 2% this week as…
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Hagerty reports robust Q1 growth, marketplace expansion By Investing.com
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Hagerty (HGTY), a leader in collectible vehicle insurance, has announced a robust performance in the first quarter of 2024, with a significant increase in commission revenue and marketplace revenue. The company also reported improved operating margins, a substantial rise in net income, and an increase in adjusted EBITDA. Hagerty’s outlook…
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Dollar calm at end of week; sterling gains on growth data By Investing.com
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Investing.com – The US dollar steadied on Friday after losing ground in the previous session on weak jobs data, while the British pound rose in the wake of stronger-than-expected growth numbers. At 04:10 ET (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other…