3D Systems (DDD) said late Wednesday it launched a public offering of $40 million of its common shares.
The company will grant the underwriters an overallotment option to buy up to an additional 15% of the shares offered, according to a statement.
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CrowdStrike Fiscal Q1 Adjusted Earnings, Revenue Rise; Q2 Guidance Set
CrowdStrike (CRWD) reported fiscal Q1 adjusted earnings late Wednesday of $1.10 per diluted share, up from $0.73 a year earlier.Analysts polled by FactSet expected $1.07.Revenue for the three months ended April 30 was $1.39 billion, up from $1.10 billion a year earlier.Analysts surveyed by FactSet expected $1.36 billion.For fiscal Q2, the company expects adjusted EPS of $1.16 to $1.17 on revenue of $1.436 billion to $1.442 billion. Analysts expect EPS of $1.16 on revenue of $1.43 billion.For the full-year fiscal 2027, the company now expects adjusted EPS of $4.88 to $4.96 on revenue of $5.91 billion to $5.96 billion. It earlier expected adjusted EPS of $4.78 to $4.90 on revenue of $5.87 billion to $5.93 billion.Analysts expect EPS of $4.87 on revenue of $5.90 billion.CrowdStrike also said its board has declared a four-for-one split of its Class A common stock in the form of a stock dividend.
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Top Cryptocurrencies Fall; Bitcoin Drops Below $66,000
Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below $66,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.6% in the past 24 hours. The Nasdaq 100 fell 0.2%, the S&P 500 decreased 0.7%, and the Dow Jones Industrial Average was down 1%.Bitcoin dropped 2.7% to $65,290, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume dropped 2% to $48.59 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 5.7% to $1,799.XRP (XRP-USD) declined 1.6%, BNB (BNB-USD) fell 5.6%, and Solana (SOL-USD) shed 4.7%. Dogecoin (DOGE-USD) dropped 2.4%, and Cardano (ADA-USD) lost 5%.The total market value of the cryptocurrency industry fell 1.7% in the past 24 hours to $2.28 trillion, with trading volume rising 7% to $125.53 billion.Price: $65210.61, Change: $-1457.00, Percent Change: -2.19%
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Medtronic Q4 Organic Revenue Beat Driven by Cardiovascular, Medical Surgical Strength, Truist Says
Medtronic (MDT) reported fiscal Q4 organic revenue growth ahead of expectations amid strength in its Cardiovascular and Medical Surgical businesses, Truist Securities said in a note Wednesday.The brokerage said Medtronic posted 6.5% organic revenue growth excluding Diabetes and Other that topped consensus estimates. Cardiovascular and Medical Surgical revenue exceeded expectations.Truist noted that gross margin and operating margin were below expectations and elevated selling, general and administrative expenses weighed on profitability. Adjusted earnings per share of $1.55 exceeded estimates by $0.01 due to foreign exchange and non-operating items, according to the note.The brokerage said Medtronic's fiscal 2027 guidance for 6.75% to 7.25% organic revenue growth is broadly in line with expectations after adjusting for the benefit of an extra selling week.Guidance includes contributions from the Diabetes business, incorporates about $250 million of tariff-related costs, and does not assume any benefit from share repurchases related to the planned Diabetes spin-off.Truist maintained its hold rating and $95 price target on Medtronic.Shares of Medtronic were up 5.5% in Wednesday trading.Price: $77.79, Change: $+4.04, Percent Change: +5.48%
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