Scott Barbour/Getty Images News Shell (NYSE:SHEL) expects to book a post-tax impairment charge of up to $2 billion after pausing construction of a major biofuels production facility in the Netherlands earlier this week. The British oil major estimates an impairment after tax between $1.5 billion and $2 billion mainly dueContinue Reading
Nano Dimension (NASDAQ:NNDM) showed preliminary Q2 results, with unaudited consolidated revenues of ~$14.8M, up 11% from the previous quarter. The company also highlighted continued improved performance based on the Reshaping Nano Initiative, with results expected to be shown when complete results for Q2 will be published.Continue Reading
knowlesgallery/iStock Editorial via Getty Images Micron Technology (NASDAQ:MU) expects the sale of high bandwidth memory, or HBM, to expand from $100s of millions in revenue in fiscal year 2024 to billions in revenue by fiscal year 2025. “We expect to achieve HBM market share commensurate with our overall DRAM marketContinue Reading
Planet Labs (NYSE:PL) said it has planned to cut its global workforce by ~180 employees, which represents ~17% of the firm’s total number of employees. The firm said it expects to incur non-recurring charges of ~$9.5 million to $10.5 million in aggregate pre-tax costs related to the reduction. The majorityContinue Reading
Maksim Labkouski/iStock via Getty Images Everbridge (NASDAQ:EVBG) expects its planned sale to private equity firm will be completed in Q3 after earlier forecasting a Q2 close. The parties continue to pursue the one remaining outstanding regulatory approval in Sweden required to satisfy the closing conditions set forth in the mergerContinue Reading
