Category: Reports
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Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports By Reuters
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Seagram heir Edgar Bronfman Jr. is close to making a bid for National Amusements Inc. that would rival an acceptable offer from Skydance Media Inc., Bloomberg News reported Thursday, citing people familiar with the plans. The former Warner Music chief had expressed interest in buying National Amusements, Paramount’s controlling shareholder,…
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Biora Therapeutics reports progress on BT-600 and BioJet platforms By Investing.com
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Biora Therapeutics has reported significant advancements in its BT-600 program and BioJet platform during its recent earnings call. The company announced successful Phase I clinical trial results for its BT-600 program, utilizing the NaviCap platform for targeted drug delivery to the colon. This approach demonstrated a lower systemic drug level…
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Dream Office REIT reports growth amid market challenges By Investing.com
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Dream Office REIT (TSX: D.UN) has reported a resilient performance in the second quarter of 2024, despite facing headwinds in the Toronto office market. On August 12, 2024, CEO Michael Cooper and CFOs Gord Wadley and Jay Jiang provided insights into the company’s financial and operational progress. The REIT has…
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InspireMD reports growth and anticipates US launch By Investing.com
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InspireMD (NASDAQ:), Inc. (NYSE American: NSPR), a medical device company, reported a revenue increase in the second quarter of 2024 and discussed significant milestones for their CGuard Carotid Stent System during their latest earnings call. CEO Marvin Slosman presented one-year outcomes data for CGuard, which showed a promising low major…
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CCL Industries reports strong Q2 growth, cautious outlook By Investing.com
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CCL Industries Inc. (CCL), a global leader in specialty label and packaging solutions, has reported a robust performance for the second quarter of 2024, with a notable 12.2% increase in sales, reaching $1.85 billion. This growth was attributed to organic expansion, strategic acquisitions, and favorable currency translations. Operating income saw…
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Wix reports strong Q2 performance, raises guidance
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Israeli website building platform company Wix.com Limited (NASDAQ: Wix) reported strong second-quarter results while higher demand for its enhanced products builds positive momentum for the second half of 2024 and the company raised its guidance accordingly. Wix allows customers to create and manage websites and online stores on its platform.…
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Wix reports strong Q2 performance, raises guidance
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Israeli website building platform company Wix.com Limited (NASDAQ: Wix) reported strong second-quarter results while higher demand for its enhanced products builds positive momentum for the second half of 2024 and the company raised its guidance accordingly. Wix allows customers to create and manage websites and online stores on its platform.…
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Evolent Health reports revenue growth and strategic acquisitions By Investing.com
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Evolent Health, Inc. (NYSE: NYSE:), a healthcare company that provides an end-to-end value-based care delivery platform, announced in its second-quarter earnings call that it has achieved revenue growth and is on track to meet its profitability targets for 2024. The company also detailed its strategic acquisition of Machinify Technology and…
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Air Transport Services reports mixed Q2 results; raises FY24 Adjusted EBITDA outlook
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2024 Predictions: Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024. ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Outset Medical reports disappointing earnings in second-quarter By Investing.com
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Outset Medical (NASDAQ: OM), a medical technology company, reported second-quarter earnings for 2024 that missed market expectations, primarily due to a slower ramp-up of its TabloCart product and an extended sales cycle. Despite these challenges, the company highlighted several positive aspects of its performance, such as strong treatment sales and…
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Ceva reports Q2 shipments up 25%
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Ceva, Inc. (Nasdq: CEVA), a chip designer, reported revenue of $28.4 million for the second quarter of 2024, compared to revenue of $22.9 million in the comparable quarter of 2023. Non-GAAP diluted earnings per share were $0.17. Royalty revenue was $11.2 million, up 19% year-over-year. Ceva shipped 461 million units,…
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agilon health reports growth in Q2, adjusts full-year guidance By Investing.com
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During the second quarter earnings call, agilon health (AGL) CEO Steve Sell provided an update on the company’s performance and strategic initiatives. agilon health reported substantial growth in its Medicare Advantage membership and revenues, while also announcing adjustments to its full-year guidance. The company is experiencing a significant increase in…
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Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports By Reuters
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(Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac plan to impose tougher rules on lenders and commercial real estate brokers in the wake of an emerging regulatory crackdown on fraud in the multitrillion-dollar market, the Wall Street Journal reported on Monday. Lenders will have to independently verify financial…
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Vericel reports strong Q2 with record revenue growth By Investing.com
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Vericel Corporation (NASDAQ:) has announced robust financial results for the second quarter of 2024, achieving a record revenue of nearly $53 million. This performance was driven by significant growth in their MACI product and solid demand for NexoBrid. The company has seen an expansion in gross margin and a substantial…
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Agnico Eagle reports record results and strong performance By Investing.com
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Agnico Eagle Mines Limited (NYSE:), a leading gold mining company, announced its third consecutive quarter of record financial and operational results. The company reported record adjusted EBITDA of approximately $1.2 billion and free cash flow of over $0.5 billion in Q2, marking an exceptional quarter with strong operational performance and…
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FCR reports solid Q2 with record rental rates and growth By Investing.com
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In the second quarter of 2024, First Capital Realty (FCR) showcased a strong financial and operating performance with a 50% increase in lease transactions compared to the previous quarter, setting a record average net rental rate of $23.73. They successfully issued CAD 300 million in bonds, and their net asset…
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FCR reports solid Q2 with record rental rates and growth By Investing.com
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In the second quarter of 2024, First Capital Realty (FCR) showcased a strong financial and operating performance with a 50% increase in lease transactions compared to the previous quarter, setting a record average net rental rate of $23.73. They successfully issued CAD 300 million in bonds, and their net asset…
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Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports By Reuters
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(Reuters) – Jason Windsor, the chief financial officer of British fund manager Aberdeen, is the frontrunner to take over as chief executive of the company after Stephen Bird leaves, the Financial Times reported on Saturday. The newspaper reported, citing two sources close to the process, that Windsor could be formally…