1 دن پہلے
Elsight shares slide 10% after results as Bell Potter lifts target to A$8.20 and reiterates buy
Elsight Ltd (ASX: ELS) reported US$5.4 million in customer receipts for the June quarter, a 6-month net operating cash inflow of US$3.8 million, and US$63.3 million in cash and cash equivalents at quarter end. The company also said it had an estimated 361 quarters of funding available at current cash burn rates. Despite the update, the stock fell 10% on the day. Bell Potter said the 2Q26 result was stronger than expected and maintained a buy rating while raising its price target to A$8.20, implying 27% upside from the closing price.
1 دن پہلے
1 دن پہلے
James Hardie preliminary Q1 FY27 net sales rise to US$1.449–$1.475 billion, EBITDA tops guidance
James Hardie (ASX: JHX) released preliminary first-quarter FY27 results showing net sales of US$1.449–$1.475 billion and adjusted EBITDA of US$399–$407 million, both well above its earlier guidance. The company attributed the beat to strong Siding & Trim sales, channel inventory normalization, and market share gains. It said the outperformance reflects execution and share expansion rather than a broader rebound in the U.S. housing market. Final results and updated guidance are scheduled for release after the U.S. market close on 6 August 2026.
1 دن پہلے
1 دن پہلے
Tesla Q2 net profit slips to $1.1 billion despite sales rebound
Tesla reported second-quarter net profit of $1.1 billion, down 9% from a year earlier and below analysts’ $1.3 billion estimate. Revenue rose 25% to $28.2 billion. The company said profit per vehicle fell as it sharply increased spending on robotaxis, battery plants and Semi trucks. European gains offset weaker U.S. sales, while General Motors also posted a 30% profit drop, underscoring broader pressure on industry margins.
1 دن پہلے
1 دن پہلے
Molina Healthcare raises 2024 adjusted EPS outlook to at least $5.25 as Medicaid trends stabilize
Molina Healthcare lifted its 2024 adjusted earnings forecast to at least $5.25 per share, up from at least $5.00, but its shares fell more than 9% in extended trading after a relatively modest guidance increase. The company said its Marketplace business faced pressure during the quarter as a larger share of members needed costly medical care than expected. Molina also flagged expected losses of $1.50 per share this year tied to a new Florida Medicaid contract and $1 per share related to its planned Medicare Advantage exit in 2027. The quarter’s adjusted EPS came in at $1.51 and the medical cost ratio was 92.2%.
1 دن پہلے
1 دن پہلے
Donald Trump and Ripple CEO Brad Garlinghouse join a live discussion on XRP’s future
Donald Trump and Ripple CEO Brad Garlinghouse held a joint live broadcast focused on “the future of XRP” and “Ripple transforming global finance.” The public, real-time event centered on XRP’s role in cross-border payments and financial infrastructure. No specific policy developments, regulatory breakthroughs, or technical upgrade details were disclosed. Trump’s participation as a former U.S. president and a key figure in the 2024 election made the XRP-focused discussion an unusually high-profile political endorsement event that amplified attention around the XRP narrative.
XRP
XRP-3.01%
1 دن پہلے
1 دن پہلے
Intel names Fortinet as first external foundry customer under Lip-Bu Tan; shares jump more than 8% ahead of July 23 earnings
Intel Foundry said cybersecurity company Fortinet will be its first publicly named external customer, using the Intel 4 process to manufacture Fortinet’s next-generation SP6 security chip. Intel shares rose more than 8% on the day of the announcement, though the deal does not involve the 14A or 18A advanced nodes and external foundry revenue accounts for about 1.3% of total company revenue. The news came two days before Intel’s Q2 earnings release, with investors focused on whether outside foundry revenue is gaining traction and whether profitability is improving.
1 دن پہلے
1 دن پہلے
Lean hog futures extend rally into Wednesday as October and December contracts rise 22.5 and 57.5 cents
U.S. lean hog futures posted broad gains on Wednesday, with the October and December contracts up 22.5 cents and 57.5 cents, respectively. USDA’s national base hog cash price was $101.08 per cwt, up 86 cents from the prior day. The CME Lean Hog Index rose to $96.64 per cwt. Federally inspected hog slaughter for the week to date totaled 1.38 million head, down 17,913 head from the same week last year.
1 دن پہلے