Lowe's shares ( NYSE:LOW ) rose in pre-market trading after the retailer reported first-quarter earnings that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending. The company said growth in digital sales and market share among professional contractors helped partially offset a continued slowdown in...
Palo Alto Networks ( NASDAQ:PANW ) reported fiscal third-quarter results that exceeded analysts' expectations and provided revenue guidance that matched estimates. The company's shares fell over 8% in extended trading following the release of the quarterly earnings report. Palo Alto ( NASDAQ:PANW ) reported revenue for the latest quarter of $1.98 billion, a 15%...
Ether (ETH) has surged 20% to over $3,829 as favorable regulatory developments increase the likelihood of ETF approval. CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. The Securities and Exchange Commission (SEC) has made abrupt progress in the approval of a Ether ETF by asking exchanges to update...
Zoom Video Communications ( NASDAQ:ZM ) has raised its annual forecast for profit and revenue, citing robust demand for its product portfolio as companies continue to adopt hybrid work. The company's efforts to incorporate artificial intelligence (AI) and broaden its range of services have been successful, with the introduction of Zoom Workplace, an AI-powered,...
Nordson Corporation ( NASDAQ:NDSN ) reported its second quarter fiscal 2024 results, with sales of $651 million and net income of $118 million. The company's adjusted earnings per diluted share were $2.05, while adjusted earnings per diluted share were $2.34. EBITDA was $203 million, or 31% of sales, compared to the prior year's EBITDA of $203 million, or 31% of...
Keysight Technologies ( NYSE:KEYS ), a California-based electronics equipment maker, has forecasted a third-quarter profit below estimates due to slow demand in the electronics industrial markets. Keysight ( NYSE:KEYS ) expects the third-quarter profit to be between $1.30 and $1.36 per share, below analysts' estimate of $1.45 per share. The company reported a 10%...
Uniswap Labs has introduced ERC-7683, a new token standard designed to streamline cross-chain trading solutions. The standard, which aims to establish a unified framework for intents-based systems to specify cross-chain actions, was proposed in collaboration with the Across Protocol. The standard outlines the steps and standards tokens must meet to work with the...
Digital pharmacy startup Hims & Hers Health ( NYSE:HIMS ) is introducing compounded GLP-1 weight loss injections, which have been gaining popularity due to supply constraints in the market. The company, which offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss, launched a weight loss program in December but did...
Shah Capital has announced the withdrawal of its campaign against the re-election of three directors on Novavax's board following the COVID-19 vaccine maker's licensing deal with Sanofi. The deal, signed on May 10, entails Sanofi taking a 4.9% stake in Novavax for $70 million at a substantial valuation, including an upfront cash payment of $500 million and future...
Google ( NASDAQ:GOOG ), a subsidiary of Alphabet Inc., has announced its plan to invest an additional 1 billion euros ($1.1 billion) in the expansion of its data center campus in Finland. This strategic move aims to bolster the company's artificial intelligence (AI) business growth in Europe. The Nordic region, with its cooler climate, tax incentives, and abundant...
NKGen Biotech ( NASDAQ:NKGN ), a clinical-stage biotechnology company focused on the development and commercialization of innovative autologous, allogeneic, and CAR-NK natural killer (NK) cell therapeutics, has announced that its Safety Review Committee has cleared the company's cryopreserved autologous, expanded, and enhanced SNK01 to progress into Phase 2...
Crypto analysts at intelligence tracker Santiment have analyzed the crypto market and found that Bitcoin ( CRYPTOCAP:BTC ) could make another attempt to hit its all-time high. The analysis revealed the large volume creation of meme coins and institutional demand for long Bitcoin ( CRYPTOCAP:BTC ) calls on margin. Bitcoin ( CRYPTOCAP:BTC ) funds and Spot ETFs have...
Wix.com ( NASDAQ:WIX ) reported a 9% increase in Q1 2024 results, with a record increase to the FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration. The company now anticipates a 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting the Rule of 40 milestone. Total bookings of $457.3 million increased by 10%...
Li Auto Inc, ( NASDAQ:LI ) the Chinese electric vehicle company, has reported a sequential decline in revenue and net income in its first quarter of 2024. However, CEO Xiang Li took a positive tone in the earnings report, despite the sequential decline in revenue and net income in Q1. The company's first quarter saw an increase in vehicle sales by 32.3% from...
Global-e Online Ltd., ( NASDAQ:GLBE ) the leader in global Direct-To-Consumer eCommerce enablement, reported its Q1 2024 financial results, marking a great start for what they believe is set out to be another pivotal year for the company. The company's strong results, including numerous client adds and business expansion across all geographies, and with the team's...
Microsoft's gaming strategy has taken a significant turn with the reported move to bring Call of Duty to Xbox Game Pass. The Wall Street Journal reported that Microsoft ( NASDAQ:MSFT ) plans to debut 2024's new Call of Duty at next month's Xbox Games Showcase, alongside the announcement that it will be available on Game Pass on its launch day. Microsoft's bet...
The Arbitrum DAO has approved an eight-week pilot M&A program following overwhelming support for the proposal. On-chain metrics suggest that Arbitrum ( AMEX:ARB ) may experience a rally soon, despite a recent 7.5% increase in its value. The pilot program received over 99% support from DAO members and aims to conduct data-driven research and discussions to inform...
Wells Fargo ( NYSE:WFC ), a prominent US banking institution, has disclosed its involvement in cryptocurrencies through investments in Bitcoin exchange-traded funds (ETFs). The disclosure was made in a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC). Wells Fargo has purchased shares of Grayscale's GBTC spot Bitcoin ETF, providing...