Update: Power Solutions International Shares Drop After Q1 Adjusted Earnings, Revenue Fall

Power Solutions International (PSIX) shares were down about 40% in afternoon trading Tuesday, a day after the company posted lower Q1 adjusted earnings and revenue.

The company reported quarterly adjusted earnings late Monday of $0.36 per diluted share, down from $0.83 a year earlier.

One analyst polled by FactSet expected $0.52.

Revenue for the three months ended March 31 was $128.6 million, down from $135.4 million a year earlier.

Two analysts surveyed by FactSet expected $160.8 million.

The company said it expects Q2 revenue to be "generally consistent" with Q1.

Power Solutions International said it is not providing full-year guidance at this time amid "ongoing variability in order timing and market conditions."

Price: $37.77, Change: $-24.69, Percent Change: -39.53%

Market Chatter: Microsoft Generates $30 Billion From OpenAI-Related Business, More Than Doubling Investment

Microsoft (MSFT) has earned about $30 billion in revenue from OpenAI-related business in 2023-25, more than double its $13 billion capital investment, The Information reported Monday, citing estimates based on company filings, people familiar with the business and OpenAI's private financial documents.The earnings include OpenAI's spending on Azure servers, its revenue-share payments to Microsoft, and Microsoft's sales of products that use OpenAI's models, the report said.Microsoft's right to 20% of OpenAI's revenue through 2030 translates to an additional $38 billion through 2030, based on a payment cap the two companies negotiated last month, the report said.Microsoft did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $408.43, Change: $-4.24, Percent Change: -1.03%

$MSFT

Ovintiv Showing Benefits of Simplification, Strong Operations, Lower Debt, UBS Says

Ovintiv (OVV) is beginning to show the benefits of its portfolio simplification efforts, with improved operational efficiency, stronger well performance and a sharper-than-expected reduction in debt, UBS Securities said.The brokerage said in a Monday note that Ovintiv's Q1 results beat expectations on cash flow per share, while production came in at the high end of guidance and capital spending was at the low end of the range.UBS said Montney operations are already delivering meaningful per-well savings, while Permian wells are performing above the 2025 average.The investment firm added that the company's improved debt position supports higher shareholder returns than previously expected, and said Ovintiv remains its "Top E&P Pick."UBS has a buy rating on the stock, with a $75 price target.Price: $58.45, Change: $-0.65, Percent Change: -1.09%

$OVV

Update: Power Solutions International Shares Drop After Q1 Adjusted Earnings, Revenue Fall

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