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Bullish to Buy Equiniti for $4.2 Billion in All-Stock Transaction

Bullish (BLSH) has agreed to acquire Equinti for $4.2 billion, combining transfer agency services with blockchain infrastructure to support tokenized securities, the company said.The deal includes about $1.85 billion in assumed debt and roughly $2.35 billion in Bullish stock and is expected to close in January 2027.The combined company is expected to generate about $1.3 billion in adjusted revenue and more than $500 million in earnings before interest, taxes, depreciation and amortization less capex in 2026, with revenue projected to grow 6% to 8% annually through 2029.Shares of Bullish fell more than 7% in Tuesday's premarket activity.Price: $37.56, Change: $-3.14, Percent Change: -7.71%

$BLSH

Wire100d ago

Ingredion Q1 Adjusted Earnings, Revenue Falls

Ingredion (INGR) reported Q1 adjusted earnings Tuesday of $2.34 per diluted share, down from $2.97 a year earlier.Analysts polled by FactSet expected $2.48.Revenue for the quarter ended March 31 was $1.79 billion, down from $1.81 billion a year earlier.Analysts surveyed by FactSet expected 1.79 billion.Shares of the company fell more than 1% in Tuesday's premarket activity.Price: $104.98, Change: $-1.90, Percent Change: -1.78%

$INGR

Wire100d ago

IAC Q1 Loss Narrows, Revenue Falls; Shares Drop After Hours

IAC (IAC) reported a Q1 loss late Monday of $0.94 per diluted share, narrowing from the loss of $2.64 a year earlier.Analysts polled by FactSet expected a loss of $0.37.Revenue in the three months ended March 31 fell to $422.9 million from $481.7 million a year earlier.Analysts surveyed by FactSet expected $520.3 million.IAC shares fell 8.6% in after-hours trading.

$IAC

Wire100d ago

Vornado Realty Trust Q1 Non-GAAP FFO, Revenue Fall; Shares Drop After Hours

Vornado Realty Trust (VNO) reported Q1 non-GAAP funds from operations late Monday of $0.52 per diluted share, down from $0.63 a year earlier.Analysts polled by FactSet expected $0.51.Revenue in the three months ended March 31 fell to $459.1 million from $461.6 million a year earlier.Analysts surveyed by FactSet expected $431.7 million.Vornado shares fell 3% in after-hours trading.

$VNO

Wire100d ago

GeneDx Q1 Swings to Adjusted Loss, Revenue Rises; 2026 Revenue Guidance Lowered; Shares Fall

GeneDx (WGS) reported Monday Q1 adjusted loss of $0.28 per diluted share, swinging from an adjusted earnings of $0.31 a year earlier.Analysts polled by FactSet expected loss of $0.02.Revenue for the quarter ended March 31 was $102.3 million, up from $87.1 million a year earlier.Analysts surveyed by FactSet expected $112.5 million.For Q2, the company expects revenue of $110 million to $112 million. Analysts expect $130.3 million.The company now expects 2026 revenue of $475 million to $490 million, down from $540 million to $555 million expected earlier. Analysts expect $550.0 million.Shares of the company were down over 45% during after-hours activity.

$WGS

Wire100d ago

Apple Hospitality REIT Q1 Modified FFO, Revenue Rise

Apple Hospitality REIT (APLE) reported Q1 modified funds from operations late Monday of $0.34 per diluted share, up from $0.33 a year earlier.Analysts polled by FactSet expected $0.31.Revenue in the three months ended March 31 rose to $337.7 million from $327.7 million a year earlier.Analysts expected $327.8 million.Apple Hospitality shares rose 2% in after-hours trading.

$APLE

Wire100d ago

Voyager Technologies Q1 Adjusted Loss Narrows, Revenue Rises

Voyager Technologies (VOYG) reported a Q1 adjusted loss late Monday of $0.61 per diluted share, narrowing from the loss of $2.14 a year earlier.Analysts polled by FactSet expected a loss of $0.61.Revenue in the three months ended March 31 rose to $35.2 million from $34.5 million a year earlier.Analysts surveyed by FactSet expected $35.2 million.The company boosted full-year revenue guidance to $230 million to $255 million from the prior forecast of $225 million to $255 million. Analysts expect $240.7 million.Voyager shares fell 1.3% in after-hours trading.

$VOYG

Wire100d ago

Lattice Semiconductor to Acquire AMI for $1.65 Billion in Cash and Stock From THL Partners

Lattice Semiconductor (LSCC) agreed to acquire AMI, a cloud and AI-server management software company, for $1.65 billion in cash and stock from THL Partners.The purchase includes $1 billion in cash and $650 million in Lattice stock. The acquisition is expected to close in Q3, subject to regulatory approvals and other conditions, Lattice said Monday in a statement.The transaction is expected to be accretive to gross margin, free cash flow and earnings per share on an adjusted basis, and AMI is projected to generate more than $200 million in revenue in 2026, Lattice said.Lattice shares rose 0.4% in after-hours trading after gaining 3.8% in the regular session.

$LSCC

Wire100d ago

Equitable Holdings Q1 Adjusted Earnings Rise, Revenue Falls; Shares Gain After Hours

Equitable Holdings (EQH) reported Q1 adjusted earnings late Monday of $1.62 per diluted share, up from $1.30 a year earlier.Analysts polled by FactSet expected $1.61.Revenue for the quarter ended March 31 fell to $4.23 billion from $4.58 billion a year ago.Analysts surveyed by FactSet expected $3.95 billion.Equitable's shares rose 4.6% in after-hours trading.

$EQH

Wire100d ago

Fabrinet Fiscal Q3 Adjusted Earnings, Revenue Rise; Q4 Guidance Set

Fabrinet (FN) reported fiscal Q3 adjusted earnings late Monday of $3.72 per diluted share, up from $2.52 a year earlier.Analysts polled by FactSet expected $3.56.Revenue for the three months ended March 27 was $1.21 billion, up from $871.8 million a year earlier.Analysts surveyed by FactSet expected $1.19 billion.For fiscal Q4, the company expects adjusted EPS of $3.72 to $3.87 on revenue of $1.25 billion to $1.29 billion. Analysts expect EPS of $3.78 on revenue of $1.26 billion.

$FN

Wire100d ago

Pinterest Q1 Non-GAAP Earnings, Revenue Rise; Shares Gain After Hours

Pinterest (PINS) reported Q1 non-GAAP earnings late Monday of $0.27 per diluted share, up from $0.23 a year earlier.Analysts polled by FactSet expected $0.23.Revenue in the three months ended March 31 rose to $1.01 billion from $855 million a year earlier.Analysts surveyed by FactSet expected $965.8 million.The company expects Q2 revenue of $1.13 billion to $1.15 billion. Analysts polled by FactSet expect $1.12 billion.Pinterest shares jumped 16% in after-hours trading.

$PINS

Wire100d ago

GUIDANCE: (VRTX) Vertex Pharmaceuticals Expects 2026 Revenue Range $12.95B-$13.1B, vs. FactSet Est of $13.05B

$VRTX

Wire100d ago

Top Cryptocurrencies Rise; Bitcoin Tops $79,000

Major digital assets rose Monday with Bitcoin (BTC-USD) topping $79,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose almost 1.1% in the past 24 hours. The Nasdaq 100 was down 0.2%, the S&P 500 dropped 0.4%, and the Dow Jones Industrial Average fell 1.1%.Bitcoin rose 1.5% to $79,974, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume increased 218.2% to $56.37 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 0.9% to $2,355.XRP (XRP-USD) rose 0.2%, BNB (BNB-USD) gained 0.9%, and Solana (SOL-USD) added 0.02%. Dogecoin (DOGE-USD) increased 1.4%, while Cardano (ADA-USD) was down 0.1%.The US 10-year Treasury yield stood at 4.447% at 3 p.m. ET Monday, up from 4.375% Friday, while the five-year yield rose to 4.093% from 4.018%.The total market value of the cryptocurrency industry rose 1% in the past 24 hours to $2.64 trillion, with trading volume gaining 1.4% to $161.45 billion.Price: $79987.50, Change: $+1444.07, Percent Change: +1.84%

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

Wire100d ago

Coty Needs Proof of Turnaround Despite Low Valuation, RBC Says

Coty (COTY) could remain under investor pressure until its new strategy shows clearer results, though steadier fragrance demand, cautious guidance, lower leverage and a low valuation may support the stock over time, RBC Capital Markets said in a note Monday.Coty's fiscal Q3 results are likely to be a neutral event, with results expected to come broadly within the company's conservative outlook range and the company is expected to stay cautious with fiscal Q4 guidance as its turnaround plan is still being developed and the broader operating backdrop remains uneven, the investment firm said.Investors will focus on interim CEO Markus Strobel's strategy, including plans to put more resources behind larger brands, key markets and projects with stronger growth potential, RBC said.Other beauty and luxury companies offered mixed signals, though fragrance remains a stronger category and global beauty demand still appears resilient, according to the note.RBC kept its outperform rating and $8 price target saying that Coty's stock looks undervalued compared with peers, but added investors may need more evidence of progress before sentiment improves.Price: $2.47, Change: $-0.01, Percent Change: -0.20%

$COTY

Wire100d ago

Vital Farms Shares Fall After Downgrade From DA Davidson

Vital Farms' (VITL) shares were down more than 8% in Monday trading after DA Davidson downgraded the company's stock to neutral from buy and lowered its price target to $16 from $47.Trading volume was over 2.3 million shares, compared with a daily average of roughly 2.6 million.Price: $12.97, Change: $-1.21, Percent Change: -8.53%

$VITL

Wire100d ago

Colgate-Palmolive Maintained 2026 Earnings Guidance Despite Shrinking Gross Margins, UBS Says

Colgate-Palmolive's (CL) strong organic sales growth and margin delivery drove Q1 upside, and the company maintained its 2026 earnings guidance despite expecting contracting gross margins, UBS Securities said in an emailed note Monday.Colgate reaffirmed its initial 2026 guidance and expects low to mid-single-digit earnings per share growth, implying $3.73 to $3.92 range, versus UBS and Street estimates of $3.76 and $3.83, respectively, according to the note.The company expects gross margins to contract due to more significant raw material, packaging, and logistics inflation, the note added.Other components of the guidance include higher advertising spend in dollars and as a percentage of sales, flat interest expense, and a tax rate of 23% to 24%, the brokerage said.UBS has a buy rating on Colgate-Palmolive with a price target of $98.Price: $85.07, Change: $-2.19, Percent Change: -2.51%

$CL

Wire100d ago

Market Chatter: Carlyle Arranges Financing to Seed Next Flagship Buyout Fund

Carlyle (CG) has arranged a first-of-its-kind financing that will seed its next flagship buyout fund while repaying investors in some of its older funds, Bloomberg reported Monday, citing people with knowledge of the matter.The credit deal will total about $8.5 billion, and half of it will be composed of bank debt with the balance in preferred equity and common equity, the report said.Additionally, Carlyle will take a significant minority holding in the common equity with cash from its balance sheet and partners, the people said, according to the news outlet.Carlyle 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: $50.11, Change: $+0.67, Percent Change: +1.36%

$CG

Wire100d ago

Safehold Shares Fall After RBC Downgrade

Safehold (SAFE) shares were over 3% lower in Monday trading after RBC downgraded the stock to sector perform from outperform, and lowered its price target to $16 from $18.Trading volume stood at more than 337,000 shares, compared with a daily average of about 355,000.Price: $14.35, Change: $-0.51, Percent Change: -3.43%

$SAFE

Wire100d ago

Alexandria Real Estate Equities Shares Fall After Baird Downgrade

Alexandria Real Estate Equities (ARE) shares fell 1.3% on Monday after Baird downgraded the stock to neutral from outperform and cut its price target to $46 per share from $67.Trading volume stood at over 1 million shares compared with a daily average of more than 2.4 million.Price: $40.83, Change: $-0.56, Percent Change: -1.37%

$ARE

Wire100d ago

Market Chatter: Goldman Sachs-Backed Boyd Offers Deeply Discounted Loan

Boyd Corp., backed by Goldman Sachs Asset Management, is offering a deeply discounted loan to refinance its capital structure following the sale of its liquid-cooling business to Eaton (ETN), Bloomberg reported Monday.Initial talks on its $530 million loan involve an interest rate 4.5 percentage points above benchmark, that is being offered at a discounted price of as low as 92 cents on the dollar, the report said, citing a person with knowledge of the matter.Goldman Sachs 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: $904.16, Change: $-19.56, Percent Change: -2.12%

$ETN$GS

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