SemiLEDs press release (NASDAQ:LEDS): Q3 GAAP EPS of -$0.06. Revenue of $1.32M (-21.4% Y/Y). The company’s cash and cash equivalents were $1.7 million at May 31, 2024, compared to $1.6 million at the end of the second quarter of fiscal 2024. Outlook: The company expects revenue for the fourth quarterContinue Reading
Robert Way/iStock Editorial via Getty Images Shares of Spirit Airlines (NYSE:SAVE) and Frontier Group Holdings (NASDAQ:ULCC) are both trading with a loss ~2% in premarket trading following a downgrade to both carriers from Raymond James as weaker fare trends and insufficient post summer capacity adjustments remains a medium-term risk forContinue Reading
Roman Tiraspolsky/iStock Editorial via Getty Images Digital media company BuzzFeed (NASDAQ:BZFD) confirms Q2 outlook, expects revenue in the range of $44M to $49M, or ~21% to 30% lower than previous year. Adjusted EBITDA expected range of $4M in losses to $1M in profits, approximately flat year-over-year at the midpoint. Source: FormContinue Reading
Avid Bioservices press release (NASDAQ:CDMO): Q4 GAAP EPS of -$1.94 misses by $1.90. Revenue of $42.98M (+8.0% Y/Y) beats by $0.84M. As of April 30, 2024, the company’s backlog was $193 million, consistent with a backlog of $191 million at the end of the same quarter last year. The companyContinue Reading
Led by O’Reilly Automotive (NASDAQ:ORLY), stocks in the auto parts category closed in the red on Monday, after Barclays warned that growth in the do-it-yourself category will remain sluggish due to continued demand headwinds. Barclays analyst Seth Sigman reiterated his Equal-Weight rating for O’Reilly Automotive (ORLY) and his $986 priceContinue Reading
Oselote With concerns about economic growth diminishing, J.P. Morgan Global Research says, the recent decline in commodities is only temporary, and commodities would likely be exposed to a confluence of forces, among them weather-related volatility, China’s Third Plenum, and the onset of the Fed’s rate cutting cycle. J.P. Morgan ResearchContinue Reading
Sylvain Lefevre/Getty Images News Large groups of voters in France went to the polls for the first round of legislative elections that President Emmanuel Macron had unexpectedly called this month, the New York Times reported Sunday. Macron’s move is seen as a political gamble that may usher in France’s firstContinue Reading
Roman Tiraspolsky/iStock Editorial via Getty Images Jefferies’ (NYSE:JEF) stronger-than-expected fiscal Q2 results indicate an improving outlook for investment banking among big lenders, Wells Fargo (WFC) analyst Mike Mayo wrote in a Friday note. Shares of New York-based Jefferies (JEF) extended gains from Thursday’s spike, advancing 3% in late morning trading,Continue Reading
Stock index futures slipped on Thursday after Micron Technology’s guidance failed to impress investors, while markets await key inflation data expected tomorrow. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) -0.2% and Dow futures (INDU) -0.1%. The 10-year Treasury yield (US10Y) was unchanged at 4.34%. The 2-year yield (US2Y)Continue Reading
ArLawKa AungTun The combined impact of elevated borrowing costs and persistent inflation create a complex and mixed outlook for U.S. commercial real estate assets, according to Cushman & Wakefield’s (NYSE:CWK) mid-year macro outlook. In addition to higher interest rates (which make it more expensive for borrowers to refinance) and delayedContinue Reading
