$West Pharmaceutical(WST)$$S&P 500(.SPX)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$ West Pharmaceutical Services designs and produces containment and delivery systems for injectable drugs and healthcare products. It operates through two segments: Proprietary Products (82% of FY23 sales) and Contract-Manufactured Products (18% of FY23 sales). The Proprietary Products segment offers proprietary packaging services and solutions. The Contract-Manufactured Products segment manufactures customer-owned components. The Company operates mainly in US (45% of FY23 sales) and Europe
Full story: https://grafa.com/news/exp-realty--nasdaq-expi--soars-with-strong-q1-earnings---key-hires-216464 eXp World Holdings (NASDAQ:EXPI), a global real estate company, revealed its financial outcomes for the quarter ending March 31, 2024, marking significant achievements and strategic leadership appointments. The company's robust performance was highlighted by a 12% year-over-year increase in transactions, totalling over $37 billion. Glenn Sanford, Founder, Chairman, and CEO of eXp World Holdings, expressed pride in these results, emphasizing the company's pioneerin
1st Source (NASDAQ:SRCE) elevates Andrea Short to president
Full story: https://grafa.com/news/1st-source--nasdaq-srce--elevates-andrea-short-to-president-216453 1st Source Corporation (NASDAQ:SRCE), under the leadership of Chairman and CEO Christopher J. Murphy III, has announced a significant step in its long-term succession plan by promoting Andrea G. Short to President of 1st Source Corporation. Previously serving as the Executive Vice President of the Corporation, Short will continue in her roles as President and CEO of 1st Source Bank, as well as maintain her position on the board of directors for both 1st Source Corporation and 1
OpenText (NASDAQ:OTEX) sells AMC for $2.3B, aims to slash debt
Full story: https://grafa.com/news/opentext--nasdaq-otex--sells-amc-for--2-3b--aims-to-slash-debt-216340 Open Text Corporation (NASDAQ:OTEX) has announced the successful completion of its divestiture of the AMC/Mainframe business to Rocket Software, a Bain Capital portfolio company, for $2.275 billion in cash before taxes, fees, and other adjustments. Mark J. Barrenechea, CEO & CTO of OpenText, expressed satisfaction with the deal, stating, "We are pleased to complete the divestiture of our AMC/Mainframe business to Rocket Software.” He further detailed the company's pla
Kraft Heinz (NASDAQ:KHC) navigates challenges, posts growth in Q1
Full story: https://grafa.com/news/kraft-heinz--nasdaq-khc--navigates-challenges--posts-growth-in-q1-216228 The Kraft Heinz Company (NASDAQ:KHC) has disclosed its first quarter financial results for the year ending March 30, 2024, revealing a slight decrease in net sales by 1.2% and organic net sales by 0.5%. Despite this, the company observed a 4.7% increase in operating income and a 1.5% increase in adjusted earnings per share (EPS) to $0.69. The CEO, Carlos Abrams-Rivera, expressed satisfaction with the quarter's outcomes, highlighting strategic end-to-end efficiency i
Bio-Techne (NASDAQ:TECH) reports Q3 earnings, revenue climbs 2% to $303.4M
Full story: https://grafa.com/news/bio-techne--nasdaq-tech--reports-q3-earnings--revenue-climbs-2--to--303-4m-216191 Bio-Techne Corporation (NASDAQ:TECH) has released its financial outcomes for the third quarter ending March 31, 2024. The company reported an organic revenue increase of 2% (3% reported) leading to a total of $303.4 million. Despite the revenue increase, GAAP earnings per share (EPS) dropped to $0.31 from the previous year’s $0.43, with an adjusted EPS of $0.48 compared to last year's $0.53. A significant highlight from the quarter is the 10% organ
Full story: https://grafa.com/news/idexx--nasdaq-idxx--q1-revenue-leaps-7---raises-2024-forecast-216194 IDEXX Laboratories (NASDAQ:IDXX) unveiled its first-quarter financial results for 2024, showcasing a robust 7% increase in revenue, reaching $964 million. This growth was primarily fueled by strong performances in its Companion Animal Group (CAG) and Water segments. The company reported a consistent 7% increase in both reported and organic revenue, with the Water segment demonstrating a notable 11% organic growth. Additionally, IDEXX's CAG Diagnostics recurring revenue rose
Super Micro (NASDAQ:SMCI) shares tumble on missed sales estimates
Full story: https://grafa.com/news/super-micro--nasdaq-smci--shares-tumble-on-missed-sales-estimates-216282 Super Micro Computer (NASDAQ:SMCI) experienced a sharp decline in pre-market trading on Wednesday, with shares falling nearly 14%, following a fiscal third-quarter sales report that narrowly missed analysts' expectations. The server manufacturer, which has recently benefited from increased demand for AI-related equipment, reported quarterly revenue of $3.85 billion, slightly below the consensus estimate of $3.86 billion. Despite the revenue shortfall, the
Full story: https://grafa.com/news/marriott--nasdaq-mar--unveils-q1-performance-with-portfolio-expansion--modest-revpar-growth-216231 Marriott International (NASDAQ:MAR) has released its first-quarter financial results for 2024, showing a modest increase in global revenue per available room (RevPAR) and a notable expansion in its hotel portfolio. The company reported a 4.2% increase in worldwide comparable systemwide constant dollar RevPAR, with a significant 11.1% jump in international markets, although the growth was a more subdued 1.5% in the
Tilray (NASDAQ:TLRY) acquires $10.8M note in strategic move
Full story: https://grafa.com/news/tilray--nasdaq-tlry--acquires--10-8m-note-in-strategic-move-216223 Tilray Brands (NASDAQ:TLRY), a Delaware corporation, has entered into a significant agreement with Double Diamond Holdings (DDH), an Ontario corporation. Under the terms of the agreement, Tilray acquired a promissory note valued at USD $10,883,496 from DDH, which is payable by 1974568 Ontario Limited. This strategic move is part of Tilray's broader effort to bolster its market position and financial portfolio. DDH, which is a joint venture partner with Tilray’s wholly-owned sub
Full story: https://grafa.com/news/amd--nasdaq-amd--issues-cautious-q2-revenue-forecast-amid-sluggish-chip-demand-216177 Advanced Micro Devices (NASDAQ:AMD), the world's second-largest computer processor manufacturer, provided a cautious revenue outlook for the upcoming quarter, reflecting slow demand for its video game hardware chips. The company anticipates second-quarter revenues to be around $5.7 billion, slightly below the average analyst estimate of $5.72 billion. AMD's gaming division revenue fell short of expectations last quarter, a downturn the comp
$Taiwan Semiconductor Manufacturing(TSM)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$ $S&P 500(.SPX)$ TSM is the world’s leading semiconductor foundry company. The company provides wafer manufacturing, wafer probing, assembly and testing, mask production and design services. TSMC’s products are used in computer, communication, consumer electronics, automotive and industrial equipment industries. The business model adopted by TSMC means that the company does not design, manufacture, or market any products under its own name and thereby guarantees its customers that it
US stocks closed lower on Tuesday as investors weighed the release of economic data showing a rise in labor costs and declining consumer confidence against the backdrop of the ongoing Federal Reserve Open Market Committee (FOMC) meeting, where policymakers are expected to decide on the direction of interest rates. This uncertainty, coupled with bearish sentiments, contributed to the market's downtrend. Key Market Movements: - The S&P 500 index declined by 79.92 points, or 1.56%, to close at 5,036.25 points. - The Nasdaq Composite index fell by 325.26 points, or 2.00%, to close at 15,664.13 points. - The Dow Jones Industrial Average lost 574.08 points, or 1.47%, to close at 37,823.57 points. Economic Data Impacting the Market: - US labor costs increased by a higher-than-expected 1.2%
Healthcare Stocks Couldn't Bandage This Red Trading Day The market was overwhelmingly red on Tuesday despite some healthcare earners holding up indexes. The Nasdaq Composite index sank more than 2% and S&P 500 and Dow Jones Industrial Average fell nearly 600 points as markets awaited Wednesday's interest-rate decision from the Federal Reserve. The $NASDAQ(.IXIC)$ fell 325.26 (2.04%) to a 15,657.82 close, while the $DJIA(.DJI)$ gave up 570.17 points (1.5%) to 37,815.92. Meanwhile, the $S&P 500(.SPX)$ shed 80.48 ticks (1.6%) to
Amazon (NASDAQ:AMZN) surpasses Q1 earnings expectations, falls short in Q2 sales forecast
Amazon (NASDAQ:AMZN) has released its first-quarter earnings, surpassing Wall Street expectations with earnings of $0.98 per share against the anticipated $0.83. The company also reported net sales of $143.31 billion, slightly exceeding the expected $142.59 billion. This growth was bolstered by strong performances in both its AWS and North American segments, which outpaced consensus estimates. Despite the strong first-quarter results, Amazon's outlook for the second quarter did not meet analyst expectations. The company projects net sales to be between $144 billion and $149 billion, below the forecasted $150.2 billion. Claim Now