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Knight-Swift Transportation Q1 Adjusted Earnings Fall, Revenue Rises

Knight-Swift Transportation (KNX) reported Q1 adjusted earnings late Wednesday of $0.09 per diluted share, down from $0.28 a year earlier.One analyst polled by FactSet expected $0.09.Revenue in the three months ended March 31 rose to $1.85 billion from $1.82 billion a year earlier.One analyst surveyed by FactSet expected $1.85 billion.The company expects Q2 adjusted EPS of $0.45 to $0.49. Analysts project $0.47.The company's shares fell 1.8% in after-hours trading.

$KNX

Wire64d ago

Molina Healthcare Q1 Adjusted Earnings, Revenue Fall

Molina Healthcare (MOH) reported Q1 adjusted earnings late Wednesday of $2.35 per diluted share, down from $6.08 a year earlier.Analysts polled by FactSet expected $1.90.Revenue for the three months ended March 31 was $10.80 billion, down from $11.15 billion a year earlier.Analysts surveyed by FactSet expected $10.87 billion.For full-year 2026, the company reaffirmed adjusted EPS outlook of at least $5.00 on premium revenue of about $42 billion. Analysts expect EPS of $4.96 on premium revenue of $43.04 billion.

$MOH

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Lululemon Athletica Names Heidi O'Neill as Next CEO

Lululemon Athletica (LULU) said late Wednesday its board has appointed Heidi O'Neill as the next chief executive officer.O'Neill will start as CEO and join the board on September 8 and will be based in Vancouver, the company said.Meghan Frank and Andre Maestrini will continue as interim co-CEOs until O'Neill joins the company, according to a statement.O'Neill most recently served as the president of Consumer, Product & Brand at Nike (NKE), according to the company.

$LULU

Wire64d ago

Medpace Q1 Earnings, Revenue Rise

Medpace (MEDP) reported Q1 earnings late Wednesday of $4.28 per diluted share, up from $3.67 a year earlier.Analysts surveyed by FactSet expected $3.92.Revenue for the three months ended March 31 was $706.6 million, up from $558.6 million a year earlier.Analysts polled by FactSet expected $697.6 million.For 2026, the company expects EPS of $16.68 to $17.50 on revenue of $2.76 billion to $2.86 billion. Analysts expect EPS of $17.16 on revenue of $2.81 billion.The company said Jesse Geiger notified his intention to resign as president and that he will retire effective May 31. CEO August Troendle will reassume the role of president until a successor is appointed, the company added.

$MEDP

Wire64d ago

Southwest Airlines Q1 Swings to Profit, Revenue Rises; Shares Drop After Hours

Southwest Airlines (LUV) reported Q1 adjusted earnings late Wednesday of $0.45 per diluted share, swinging from the loss of $0.13 a year earlier.Analysts polled by FactSet expected earnings of $0.47.Revenue in the three months ended March 31 rose to $7.25 billion from $6.43 billion a year earlier, the company said in a statement.Analysts surveyed by FactSet expected $7.27 billion.The company expects Q2 adjusted EPS of $0.35 to $0.65. Analysts project $0.53."Given the ongoing macroeconomic uncertainty, updating the company's full-year adjusted EPS guidance of $4.00 would not be productive at this time," according to the statement.Southwest Airlines shares fell 4.9% in after-hours trading.

$LUV

Wire64d ago

Graco Q1 Adjusted Earnings Decline, Revenue Rises; 2026 Guidance Maintained

Graco (GGG) reported fiscal Q1 adjusted earnings late Wednesday of $0.66 per diluted share, down from $0.70 a year earlier.Analysts polled by FactSet expected $0.74.Revenue for the three months ended March 27 was $540.1 million, up from $528.3 million a year earlier.Analysts surveyed by FactSet expected $560.6 million.The company reaffirmed its 2026 revenue guidance of low single-digit organic growth on a constant-currency basis.

$GGG

Wire64d ago

United Rentals Q1 Adjusted Earnings, Revenue Rise; 2026 Guidance Revised

United Rentals (URI) reported Q1 adjusted earnings late Wednesday of $9.71 per diluted share, up from $8.86 a year earlier.Analysts polled by FactSet expected $8.95.Revenue for the three months ended March 31 was $3.99 billion, up from $3.72 billion a year earlier.Analysts surveyed by FactSet expected $3.87 billion.The company now expects full-year 2026 revenue of $16.9 billion to $17.4 billion from $16.8 billion to $17.3 billion earlier. Analysts expect $17.07 billion.

$URI

Wire64d ago

IBM Q1 Adjusted Earnings, Revenue Rise; Shares Fall After Hours

IBM (IBM) reported Q1 adjusted earnings late Wednesday of $1.91 per diluted share, up from $1.60 a year earlier.Analysts polled by FactSet expected $1.81.Revenue in the three months ended March 31 rose to $15.9 billion from $14.5 billion a year earlier.Analysts surveyed by FactSet expected $15.6 billion.IBM shares fell 6.8% in after-hours trading.

$IBM

Wire64d ago

Earnings Flash (TSLA) Tesla Posts Q1 Revenue $22.39B, vs. FactSet Est of $22.10B

$TSLA

Wire64d ago

Top Cryptocurrencies Rise; Bitcoin Tops $78,000 Level

Major digital assets rose Wednesday, with Bitcoin (BTC-USD) rising above the $78,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 3.1% in the past 24 hours. The Nasdaq 100 rose 1.6%, the S&P 500 increased 0.9%, and the Dow Jones Industrial Average added 0.6%.Bitcoin rose 5.2% to $78,868, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume increased 31.9% to $48.4 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 4.6% to $2,396.XRP (XRP-USD) gained 1.7%, BNB (BNB-USD) rose 2.9%, and Solana (SOL-USD) increased 3.3%. Dogecoin (DOGE-USD) added 3%, while Cardano (ADA-USD) advanced 3.1%.The US 10-year Treasury yield stood at 4.292% at 3 p.m. ET Wednesday, up from 4.289% Tuesday, while the five-year yield rose to 3.911% from 3.906%.The total market value of the cryptocurrency industry rose 3.3% in the past 24 hours to $2.64 trillion, with trading volume gaining 4.7% to $160.43 billion.Price: $78880.15, Change: $+2538.42, Percent Change: +3.33%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

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Mid Penn Bancorp Adds Capacity of Up to $50 Million to Treasury Stock Repurchase Program

Mid Penn Bancorp (MPB) said Wednesday it is reauthorizing and expanding its treasury stock repurchase program, which now accommodates up to an additional $50 million in repurchase capacity.On Tuesday, the bank's board approved the renewal of the treasury stock repurchase program through April 30, 2027, as well as an increase in the number of shares available for future repurchases, according to the company.The repurchase program may be modified, suspended or terminated at any time, without notice, the company added.Price: $33.90, Change: $+0.47, Percent Change: +1.41%

$MPB

Wire64d ago

Taiwan Semiconductor Unveils A13 Process for Denser, More Efficient Chips

Taiwan Semiconductor Manufacturing (TSM) introduced its A13 process technology, delivering denser and more efficient chip designs for AI, high-performance computing and mobile devices.The process delivers 6% area savings versus A14, and its design rules are fully backward compatible, enabling seamless migration to the latest nanosheet transistor technology, the company said Wednesday in a statement.Price: $386.62, Change: $+18.54, Percent Change: +5.04%

$TSM

Wire64d ago

Cadence Design Systems Expands AI Chip Partnership With TSMC

Cadence Design Systems (CDNS) said Wednesday it has expanded its collaboration with Taiwan Semiconductor Manufacturing (TSM), or TSMC, to help customers design advanced artificial intelligence chips faster.Financial details weren't provided.The partnership will provide intellectual property, signoff-ready, end-to-end design infrastructure, and certified flows for AI silicon on TSMC's process technologies, leading to fewer design revisions and more time to tape out for customers.Shares of Cadence and TSMC were up 1.8% and 5%, respectively, in afternoon trading.Price: $331.59, Change: $+5.75, Percent Change: +1.76%

$CDNS$TSM

Wire64d ago

Synopsys, Taiwan Semiconductor Collaborate on Silicon Proven IP, Certified EDA Flows

Synopsys (SNPS) said Wednesday it has formed a partnership with Taiwan Semiconductor Manufacturing (TSM), to combine its silicon proven intellectual property portfolio and certified electronic design automation flows with TSMC's advanced processes and packaging technology nodes.Financial details related to the collaboration were not disclosed.The two companies have enhanced enablement across TSMC's 3DFabric technologies for 5.5x reticle interposer sizes, and Synopsys is working with TSMC on agentic run assistance in Synopsys Fusion Compiler on TSMC's A14 process, Synopsys added.Price: $478.28, Change: $+10.70, Percent Change: +2.29%

$SNPS$TSM

Wire64d ago

Altria Q1 Beat Could Drive Fiscal 2026 Estimate Revisions, UBS Says

Altria Group (MO) could deliver a slight Q1 earnings beat that may drive positive revisions to full-year expectations, supported by improving cigarette volume trends and share gains, despite softer price/mix and on! nicotine pouch off-take, UBS Securities said.The brokerage said in a Tuesday research note that improving Smokeable segment volumes are expected to help Altria return to revenue growth, with cigarette shipment declines moderating versus consensus and early signs of volume share gains.The investment firm expects Smokeable operating income to benefit from factors including duty drawback activity, though this is partly offset by mix pressure from the deep discount Basic brand and ongoing investment. UBS also sees price/mix improving from Q2 onward as these headwinds ease.In Smokeless, UBS forecast Q1 sales growth of 2.0%, with 45 million on! cans and OCI declining 1.7%. This implies Q1 Group revenue and OCI growth of 1.6% and 0.6%, respectively, and EPS growth of 2.4% to $1.26.The brokerage expects full-year earnings per share growth of 5.5% to $5.72 and sees potential for acceleration into 2026 and 2027. UBS said it does not expect guidance changes at this stage.Altria is scheduled to report Q1 results on April 30.UBS maintained a buy rating on the company with a $74 price target.Price: $64.85, Change: $+0.20, Percent Change: +0.31%

$MO

Wire64d ago

Sector Update: Health Care

Health care stocks were mixed late Wednesday afternoon with the NYSE Health Care Index down 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.2%.The iShares Biotechnology ETF (IBB) eased 0.1%.In corporate news, Biogen (BIIB) shares rose 2.2% after UBS upgraded the biotechnology company's stock to buy from neutral and boosted its price target to $225 per share from $185.

$BIIB

Wire64d ago

Yum! Brands Backed by Taco Bell, KFC Momentum, UBS Says

Yum! Brands (YUM) is positioned for continued growth as Taco Bell and KFC maintain solid momentum, with guidance likely to hold even amid pressure from adverse weather, fuel costs, geopolitical conflicts and softer consumer spending, UBS Securities said Wednesday in a report.Taco Bell will likely be the main growth driver in Q1, helped by value offerings, new menu items, marketing and digital demand, the report said. The chain also stands to benefit from a large product pipeline and expanding beverage platform, with the Live Mas Cafe initiative seen as another multiyear sales driver, UBS said.KFC is also expected to post solid trends, supported by strength in the UK and Asia, and the US business appears to be improving while facing a competitive market, the report said.Store count growth should remain solid, led by new Taco Bell openings and KFC's development pipeline in India and China, though potential Pizza Hut closures may counter some of the expansion, the report said.Yum's core brands are expected to support faster earnings growth over time, while investors looking for updates on the Pizza Hut review and the Byte platform, the report said.UBS kept its buy rating on Yum stock with a $180 price target.Q1 results are due April 29.Price: $159.41, Change: $-0.94, Percent Change: -0.58%

$YUM

Wire64d ago

Market Chatter: Goldman Sachs to Settle Class Action Lawsuit Over 1MDB

Goldman Sachs (GS) has reached an agreement to settle a shareholder class action linked to 1Malaysia Development Berhad, or 1MDB, scandal, Bloomberg reported Wednesday, citing a letter from Goldman and lead plaintiff Sjunde AP-Fonden to US District Judge Vernon Broderick.The lawsuit alleged that Goldman Sachs and its former executives misled shareholders about its involvement in the 1MDB scandal, according to the report.The letter stated that the parties have agreed to settle the lawsuit "in its entirety," and will file an agreement by May 20, the media outlet reported, citing the letter.Goldman Sachs 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: $933.14, Change: $+6.59, Percent Change: +0.71%

$GS

Wire64d ago

Update: Market Chatter: Netflix in Talks to Buy Los Angeles Movie Studio Space

(Updates with Netflix and Goldman Sachs' responses in the fourth paragraph.)Netflix (NFLX) is in talks to purchase a historic Los Angeles movie studio space for a fragment of its 2021 sale price of $1.85 billion, after the property was repossessed by lenders including Goldman Sachs (GS), Bloomberg reported Tuesday, citing people familiar with the discussions.The final price for Radford Studio Center has not been decided yet, with one person involved in the talks mentioning that the potential price will be less than one-third of the 2021 price, the report said.Hackman Capital Partners, who currently own the property, defaulted on $1.11 billion of debt and handed over the property to lenders including Goldman Sachs after it failed to reach a refinancing deal last year, according to the news outlet.Netflix and Goldman Sachs declined to comment to.(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: $93.24, Change: $+0.66, Percent Change: +0.71%

$GS$NFLX

Wire64d ago

Community Health Systems Shares Fall After Q1 Loss Widens, Revenue Falls

Community Health Systems (CYH) shares were down 15.5% after the company reported a wider Q1 adjusted net loss and lower revenue.The company reported a Q1 adjusted net loss Wednesday of $0.48 per diluted share, widening from a loss of $0.03 a year earlier.Analysts polled by FactSet expected a loss of $0.11.Net operating revenue for the quarter ended March 31 was $2.97 billion, down from $3.16 billion a year earlier.Analysts expected revenue of $2.95 billion.Community Health reiterated its full-year 2026 guidance, projecting a net loss ranging from $0.60 per share to breakeven. Analysts surveyed by FactSet expect a net loss of $0.39. The company also reaffirmed net operating revenue guidance of $11.6 billion to $12 billion. Analysts expect $11.65 billion.Price: $2.62, Change: $-0.48, Percent Change: -15.48%

$CYH

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