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Children's Place Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Shares Drop After Hours

Children's Place (PLCE) reported a fiscal Q4 adjusted loss late Friday of $1.86 per diluted share, widening from the loss of $0.75 a year earlier.One analyst polled by FactSet expected a loss of $0.96.Revenue in the three months ended Jan. 31 fell to $329.2 million from $408.6 million a year earlier.One analyst surveyed by FactSet expected $358.3 million.Children's Place shares fell 19% in after-hours trading.

$PLCE

Wire75d ago

Market Chatter: Epic Games' Fortnite Resurgence Hinges on Walt Disney Partnership

Epic Games is pinning its Fortnite rebound on its game development with Walt Disney (DIS) after rushing product releases to chase trends backfired, Bloomberg reported Friday, citing company employees.The company acknowledged that new games, Fortnite upgrades, and a new mobile store did not live up to expectations, according to the sources.The first game under the partnership with Disney is expected to launch in November, with at least two more games expected in the future, the media outlet reported.Epic Games 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: $99.01, Change: $-0.79, Percent Change: -0.79%

$DIS

Wire75d ago

Top Cryptocurrencies Rise; Bitcoin Holds Above $73,000 Level

Major digital assets rose Friday, with Bitcoin (BTC-USD) holding above the $73,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.2% in the past 24 hours. The Nasdaq 100 rose 0.1%, the S&P 500 fell 0.2%, and the Dow Jones Industrial Average decreased 0.6%.Bitcoin rose 1.2% to $73,110, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 10.3% to $39.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 1.3% to $2,250.XRP (XRP-USD) advanced 0.3%, BNB (BNB-USD) was little changed, and Solana (SOL-USD) rose 1.4%. Dogecoin (DOGE-USD) climbed 1.2%, while Cardano (ADA-USD) gained 0.7%.The US 10-year Treasury yield stood at 4.315% at 3 p.m. ET Friday, up from 4.287% Thursday, while the five-year yield rose to 3.939% from 3.911%.The total market value of the cryptocurrency industry advanced 1.4% in the past 24 hours to $2.48 trillion, with trading volume gaining 1% to $149.95 billion.Price: $73096.51, Change: $+1312.99, Percent Change: +1.83%

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

Wire75d ago

Versamet Royalties Completes Eskay Creek Gold Stream Acquisition

Versamet Royalties (VMET) said Friday it completed the acquisition of a 3.52% gold stream on the Eskay Creek gold-silver project in Canada for $340 million in cash and about 2.05 million common shares issued to sellers.The company acquired the stream from fund entities managed by Orion Resource Partners and affiliates of Blackstone (BX), with the deal partly financed through a $400 million amended credit facility.Eskay is projected to produce an average of over 300,000 ounces of gold per year in its first five years, Versamet said.Shares of Versamet were down nearly 4% in Friday trading.Price: $12.09, Change: $-0.32, Percent Change: -2.57%

$VMET

Wire75d ago

Whirlpool to Invest $60 Million in New Ohio Production Facility

Whirlpool (WHR) plans to invest $60 million in a new production facility in Perrysburg, Ohio, with a two-year development expected to create 100 to 150 jobs.The investment will be used to revamp a building previously used for solar-panel manufacturing, the company said Friday in a statement.The site, for production of appliance components and subassemblies for washers and dryers, will serve as a hub for US operations and support nearby Ohio plants, the company said.The investment is subject to final approval of incentives, including assistance from JobsOhio and a state tax credit, the company said.Price: $56.29, Change: $-0.59, Percent Change: -1.04%

$WHR

Wire75d ago

Bristol-Myers Squibb Poised for In-Line Q1 Amid One-Off Volatility, RBC Says

Bristol-Myers Squibb's (BMY) Q1 results are expected to come in line with consensus, but weaker oncology sales and one-off factors are likely to give way to volatility, RBC Capital Markets said Friday in a note.The investment firm said the quarter will be difficult to model due to volatility from destocking patterns, tough year-over-year comparisons, policy impacts and generic phasing dynamics.RBC said it estimates the company to report Q1 revenue of $10.75 billion and earnings of $1.42 per share. Analysts polled by FactSet expect $1.42 in non-GAAP EPS, $1.17 in GAAP EPS and $10.87 billion in revenue.Investor focus during the quarterly call will be on the company's upcoming trial results, particularly late-stage data for drug candidates milvexian and cobenfy, which are key to determining when Bristol-Myers returns to growth.Bristol-Myers will report Q1 results on April 30.RBC has a sector perform rating and price target of $60 on the stock.Price: $58.62, Change: $-0.85, Percent Change: -1.44%

$BMY

Wire75d ago

Market Chatter: Nvidia Chips Allegedly Brought Into China by AI Firm Sharetronic

Nvidia (NVDA) chips are suggested to have been brought into Shenzen-based computing firm Sharetronic Data Technology, despite their ban for sale into and within the Asian nation by the US government since 2022, Bloomberg reported Friday, citing records filed with the Chinese government.The records imply that Sharetronic obtained hundreds of Super Micro systems, which contain either Nvidia's H100 or H200 processors, valued at 632 million Chinese yuan ($92.6 million), according to the report.Sharetronic, which sets up AI data centers in China, said that it complies with regulations and assured investors that it does not have a business relationship with Super Micro, which saw one of its co-founders and two other people charged with diverting Nvidia chips to China, the report said.In an emailed statement to, Nvidia said it instructs customers not to provide "any controlled servers, support, or service" without US government approval. "Our strict diligence process led to prosecutions of would-be smugglers, and we continue to work with the government to enforce the rules," an Nvidia spokesperson said.(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: $188.83, Change: $+4.89, Percent Change: +2.66%

$NVDA

Wire75d ago

CCC Intelligent Shares Fall After Citigroup Downgrade

CCC Intelligent Solutions (CCC) shares were down about 7% in Friday trading after Citigroup downgraded the stock to neutral from buy and lowered its price target to $6 from $10.Trading volume stood at more than 4.5 million shares, compared with a daily average of almost 13 million shares.Price: $4.96, Change: $-0.38, Percent Change: -7.04%

$CCC

Wire75d ago

Simply Good Foods Shares Fall After Stephens Downgrade

Simply Good Foods (SMPL) shares fell 11% on Friday after Stephens downgraded the stock to equalweight from overweight and cut its price target to $14 per share from $24.Both UBS and Deutsche Bank reduced their price targets to $13 from $16 following its Q2 results.Trading volume stood at over 5.6 million shares compared with a daily average of more than 2.4 million.Price: $10.51, Change: $-1.29, Percent Change: -10.93%

$SMPL

Wire75d ago

Veeva Systems Shares Fall After Citigroup Downgrade

Veeva Systems (VEEV) shares were down over 4% in Friday trading after Citigroup downgraded the stock to neutral from buy and cut its price target to $176 from $291.Trading volume stood at more than 2.7 million shares, compared with a daily average of about 2.2 million shares.Price: $150.55, Change: $-6.53, Percent Change: -4.16%

$VEEV

Wire75d ago

NICE Shares Fall After Downgrade From Citigroup

NICE's (NICE) shares were down more than 6% in Friday trading after Citigroup downgraded the company's stock to neutral from buy and lowered its price target to $119 from $184.Trading volume stood at over 573,100 shares, versus the daily average of 816,270.Price: $97.73, Change: $-6.68, Percent Change: -6.40%

$NICE

Wire75d ago

Market Chatter: WEX Shareholders Urged by Impactive Capital to Replace CEO on Board Next Month

WEX (WEX) shareholders are being urged by Impactive Capital to replace the company's Chief Executive Officer Melissa Smith on its board of directors at its annual meeting next month, Reuters reported Friday, citing sources and documents.Impactive Capital, which owns about 5% of WEX, wants to replace three sitting directors, including CEO Smith, who is also the company's board chair, the report said, adding that the hedge fund does not want to replace the CEO, but replace her on the board and to separate the CEO and chair roles.The hedge fund further said that Smith's pay is too high and the board's governance record is poor, Reuters reported.WEX did not immediately respond to' request for comment.(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: $157.98, Change: $-1.52, Percent Change: -0.95%

$WEX

Wire75d ago

Similarweb Shares Fall After Citigroup Downgrade

Similarweb (SMWB) shares were down over 6% in Friday trading after Citigroup downgraded the stock to neutral from buy and cut its price target to $3 per share from $8.5.Trading volume stood at more than 444,000 shares, compared with a daily average of about 954,000.Price: $2.31, Change: $-0.17, Percent Change: -6.85%

$SMWB

Wire75d ago

Autodesk Shares Fall After Citigroup Downgrade

Autodesk (ADSK) shares fell 4.5% in Friday trading after Citigroup downgraded the stock to neutral from buy and adjusted its price target to $246 per share from $331.Trading volume stood at over 1.4 million shares compared with a daily average of nearly 2.3 million.Price: $214.91, Change: $-10.22, Percent Change: -4.54%

$ADSK

Wire75d ago

DocuSign Shares Fall After Citigroup Downgrade

DocuSign (DOCU) shares were down nearly 7% in Friday trading after Citigroup downgraded the company's stock to neutral from buy and adjusted its price target to $50 from $99.Trading volume stood at over 3.5 million shares compared with a daily average of about 5.1 million shares.Price: $42.42, Change: $-3.14, Percent Change: -6.88%

$DOCU

Wire75d ago

Nutanix Shares Fall After Downgrade From JPMorgan

Nutanix's (NTNX) shares were down nearly 7% in Friday trading after JPMorgan downgraded the enterprise cloud software company's stock to neutral from overweight and adjusted its price target to $44 from $55.Trading volume stood at over 3.1 million shares, versus the daily average of roughly 4.9 million.Price: $34.51, Change: $-2.43, Percent Change: -6.58%

$NTNX

Wire75d ago

Rollins Seen Facing Softer Q1 Growth on Weather Impact, UBS Says

Rollins (ROL) is expected to deliver softer growth in Q1 given choppier weather conditions early in the quarter, UBS Securities said Friday in a note.The choppier first half of Q1 may impact overall growth somewhat, but retention for existing customers is expected to remain strong, with pricing also seeing very little pushback, according to the note.UBS highlighted lower digital advertising spend in early Q1 which suggests a delayed seasonal ramp that could reflect weather conditions and competitive activity.The brokerage estimates Q1 organic growth of 5.9%, down from a prior estimate of 6.7%. The firm now expects Q1 adjusted EBITDA of $188 million, down from $190 million and slightly ahead of the Street estimate of $187 million.UBS said a second consecutive weaker growth quarter from a company that has historically been a high-quality compounder could be somewhat challenging from a narrative perspective, especially as Rentokil shows signs of stabilizing growth.The brokerage expects Rollins to reaffirm the 7% to 8% organic growth guidance for 2026. It lowered its 2026 organic growth estimate to 7.1% from 7.3% and reduced its 2026 EPS estimate to $1.22 from $1.25 and its 2027 EPS estimate to $1.32 from $1.35.UBS has a neutral rating on Rollins and lowered its price target to $58 from $62.Price: $54.57, Change: $-1.23, Percent Change: -2.20%

$ROL

Wire75d ago

Shake Shack Shares Rise After Mizuho Upgrade

Shake Shack (SHAK) shares rose 1.2% on Friday after Mizuho upgraded the stock to outperform from neutral and boosted its price target to $120 per share from $100.Trading volume stood at over 603,000 shares compared with a daily average of over 1.4 million.Price: $98.66, Change: $+1.11, Percent Change: +1.14%

$SHAK

Wire75d ago

Super Micro Computer Shares Rise After Launch of Gold Series Server Offering

Super Micro Computer (SMCI) shares rose 8.8% on Friday, a day after it launched the Gold Series enterprise server suite for artificial intelligence, storage, and edge workloads.The new pre-configured offering comprises of more than 25 types of server systems and is ready to ship from company warehouses within three business days, according to a statement.Pre-configuring facilitates cost-efficient pricing and shorter lead times compared with custom-built offerings, the company said.Price: $25.29, Change: $+2.07, Percent Change: +8.89%

$SMCI

Wire75d ago

Update: Market Chatter: Commvault Exploring Sale After Receiving Takeover Interest

(Updates with the latest stock movement in the fourth paragraph.)Commvault Systems (CVLT) is exploring a sale after receiving takeover interest from multiple private equity firms and strategic buyers, Reuters reported Friday, citing four people familiar with the matter.The data protection software provider is working with Goldman Sachs (GS) to weigh its options, the report said, citing the sources.Commvault didn't immediately reply to a request for comment from.Shares of the company were up 8.3% in Friday trading.(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: $87.26, Change: $+6.65, Percent Change: +8.25%

$CVLT$GS

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