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Update: Molina Healthcare Shares Climb After Q1 Adjusted Earnings Beat

(Updates with the latest stock move in the headline and in the first paragraph.)Molina Healthcare (MOH) shares were up more than 12% in Thursday afternoon trading, a day after the company reported Q1 adjusted earnings that topped analysts' expectations.The company reported quarterly 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.Price: $171.60, Change: $+18.60, Percent Change: +12.15%

$MOH

Wire109d ago

Teck Resources Keeps Quarterly Dividend at CA$0.125 a Share, Payable June 30 to Holders of Record as of June 15

$TECK

Wire109d ago

Barclays Adjusts Price Target on Union Pacific to $315 From $285, Maintains Overweight Rating

Union Pacific (UNP) has an average rating of overweight and mean price target of $275.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $268.37, Change: $+18.97, Percent Change: +7.61%

$UNP

Wire109d ago

JPMorgan Adjusts Price Target on Thermo Fisher Scientific to $600 From $710, Maintains Overweight Rating

Thermo Fisher Scientific (TMO) has an average rating of buy and mean price target of $651.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $460.58, Change: $-53.40, Percent Change: -10.39%

$TMO

Wire109d ago

Update: Infosys Shares Fall After Fiscal Q4 Results

(Updates with the latest stock move in the headline and the first paragraph.)Infosys (INFY) shares were down 4.9% in Thursday afternoon trading after the company posted its results for fiscal Q4.The company reported quarterly earnings of $0.23 per diluted share, up from $0.20 a year earlier.Analysts polled by FactSet expect $0.20.Revenue for the quarter ended March 31 was $5.04 billion, up from $4.73 billion a year earlier.Analysts polled by FactSet expect $4.99 billion.For full-year fiscal 2027, the company expects revenue growth of 1.5% to 3.5%.Price: $12.83, Change: $-0.66, Percent Change: -4.86%

$INFY

Wire109d ago

FBN Securities Cuts Price Target on ServiceNow to $120 From $160

ServiceNow (NOW) has an average rating of buy and mean price target of $147.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $85.09, Change: $-17.98, Percent Change: -17.44%

$NOW

Wire109d ago

Cantor Fitzgerald Raises Price Target on CrowdStrike to $550 From $520

CrowdStrike (CRWD) has an average rating of overweight and mean price target of $484.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $442.25, Change: $-24.43, Percent Change: -5.23%

$CRWD

Wire109d ago

Correction: Jefferies Raises Las Vegas Sands Price Target to $63 From $61, Hold Rating Maintained

(Corrected the headline with the rating reiteration and price target raise).Las Vegas Sands (LVS) has an average rating of overweight and mean price target of $69.87, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $51.37, Change: $-5.48, Percent Change: -9.64%

$LVS

Wire109d ago

MGIC Approves Additional Share Repurchase Program

MGIC Investment (MTG) said Thursday its board has approved an additional share repurchase program, with authorization to buy up to $750 million of its shares.MGIC also maintained its quarterly dividend at $0.15 per share, payable May 21 to shareholders of record May 6.Price: $28.59, Change: $+0.41, Percent Change: +1.47%

$MTG

Wire109d ago

Top Midday Decliners

Avis Budget Group's (CAR) stock plunged 48% as intraday volume topped 13.6 million shares versus the daily average of about 2.12 million.The shares slumped for the second straight day after short sellers pocketed $2.8 billion in Wednesday's rout, Bloomberg reported, citing data from S3 Partners.ASGN (ASGN) shares tumbled 46% a day after the company reported lower Q1 adjusted net income and issued weaker-than-expected Q2 guidance.Volume topped 5.63 million shares versus the daily average of 830,549.ServiceNow (NOW) faces softer organic revenue trends and a slightly weaker margin outlook even after strong Q1 results, Oppenheimer said.The stock fell 18% as volume topped 65 million shares versus the daily average of almost 21.9 million.Price: $230.94, Change: $-213.00, Percent Change: -47.98%

$ASGN$CAR$NOW

Wire109d ago

Venture Global Closes $750 Million Notes Offering

Venture Global (VG) said Thursday its subsidiary Venture Global Calcasieu Pass closed a $750 million offering of 6% senior secured notes due 2036.Net proceeds, together with cash on hand and hedge termination proceeds, will be used to prepay its outstanding term loans and cover offering-related fees and expenses, according to a statement.Shares of Venture Global were up more than 3% in Thursday trading.

$VG

Wire109d ago

Apple, Amazon Among Companies Asking GHGP to Make Some Proposed Scope 2 Updates Optional

Apple (AAPL), Amazon.com (AMZN) and over 60 other companies have requested the Greenhouse Gas Protocol, or GHGP, to make some proposed updates to Scope 2 emissions reporting rules optional, according to their joint statement on Wednesday.As the GHGP reviews feedback on its proposed updates, the companies asked that hourly- and strict-deliverability-matching in the market based method be made optional, rather than mandatory, the document showed.The companies are concerned that the proposed revisions could result in limited benefits to carbon accounting accuracy, slow down private sector's clean energy efforts, discourage voluntary clean energy procurement, and increase electricity prices for individuals and companies, according to the statement.Price: $272.76, Change: $-0.41, Percent Change: -0.15%

$AAPL$AMZN

Wire109d ago

Market Chatter: Meta Plans to Cut 10% of Workforce

Meta Platforms (META) intends to eliminate roughly 8,000 jobs, or 10% of its workforce, in an attempt to boost efficiency and offset significant spending on artificial intelligence, Bloomberg reported Thursday, citing a memo the company sent to employees.The layoffs will take place May 20, and the tech giant also said it won't hire workers to fill 6,000 roles it had intended to fill, the report said, citing the memo.Meta didn't immediately reply 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: $655.94, Change: $-18.78, Percent Change: -2.78%

$META

Wire109d ago

Top Midday Gainers

Texas Instruments (TXN) reported higher Q1 earnings and revenue late Wednesday and also set out Q2 guidance above consensus.Shares advanced 19% as intraday trading volume soared to over 17 million from a daily average of roughly 7.4 million.United Rentals (URI) reported overnight higher Q1 adjusted earnings and revenue and lifted its 2026 sales guidance.Shares soared 21%, with intraday trading volume climbing over 925,500 from a daily average of about 656,000.West Pharmaceutical Services (WST) reported higher Q1 non-GAAP earnings and net sales on Thursday. The company also issued a Q2 outlook above analysts' expectations and raised its 2026 guidance.Shares climbed 12% as intraday trading volume jumped to over 1.47 million from a daily average of about 944,000.Price: $281.28, Change: $+44.97, Percent Change: +19.03%

$TXN$URI$WST

Wire109d ago

Grace Therapeutics Gets FDA Complete Response Letter for GTx-104

Grace Therapeutics (GRCE) said the US Food and Drug Administration issued a complete response letter for its new drug application for GTx-104, an intravenous formulation of nimodipine for aneurysmal subarachnoid hemorrhage.The FDA cited outstanding items in the chemistry, manufacturing and controls and nonclinical sections of the filing, which can be addressed in a resubmission, Grace said Thursday in a statement. The agency did not request additional clinical data, the company said.Grace plans to request a Type A meeting with the FDA to determine the next steps, the company said.Price: $4.29, Change: $-0.02, Percent Change: -0.46%

$GRCE

Wire109d ago

Meta Plans to Cut 10% of Workforce, Bloomberg Reports

$META

Wire109d ago

Norfolk Southern Keeps Quarterly Dividend at $1.35 per Share, Payable May 20 to Holders of Record May 8

$NSC

Wire109d ago

Regeneron Says FDA Granted Accelerated Approval for Genetic Hearing Loss Therapy

Regeneron (REGN) said Thursday that the US Food and Drug Administration has granted accelerated approval for Otarmeni therapy indicated for the treatment of pediatric and adult patients with OTOF gene-related hearing loss.FDA's approval was based on the ongoing Chord trial that showed 16 of 20 participants experienced hearing improvements per pure tone audiometry assessments, while 14 out of 20 demonstrated an auditory brainstem response, according to a statement.Otarmeni's continued approval may be contingent upon verification and description of clinical benefit in the confirmatory portion of the Chord trial, Regeneron said.The company said it will provide Otarmeni at no cost to clinically eligible individuals in the US.Shares of the company were up 2% in Thursday trading.Price: $761.47, Change: $+14.89, Percent Change: +1.99%

$REGN

Wire109d ago

Alphabet's Gemini Progress Seen Boosting Search and Cloud in Q1, BofA Says

Alphabet's (GOOG/GOOGL) progress integrating its Gemini AI models could lift Q1 results, with potential gains in both search and cloud as advertisers benefit from better targeting and efficiency, BofA Securities said Wednesday in a report.BofA expects Q1 EPS of $2.69 on revenue of $92 billion and sees Q2 EPS of $2.80 on revenue of $98.3 billion. The firm said search growth picked up during the quarter, while cloud revenue is expected to rise 49% from a year earlier.Alphabet is positioned for strong growth and improving cloud margins as it rolls out new AI models, custom silicon, and broader consumer and enterprise distribution, BofA said.E-commerce spending likely accelerated in Q1, and BofA's checks suggest no major disruptions to ad budgets despite geopolitical uncertainty, the report said.BofA reiterated its buy rating on Alphabet stock with a price target of $370.Q1 results are due Wednesday.Price: $337.46, Change: $-0.27, Percent Change: -0.08%

$GOOG$GOOGL

Wire109d ago

CSX Raises Growth, Margin Targets Under CEO Angel, BofA Says

CSX (CSX) CEO Steve Angel has accelerated service improvements, raised financial targets, and streamlined the cost structure since taking over in September 2025, which is benefiting the company, BofA Securities said Thursday.The company now targets mid-single-digit revenue growth, up from low-single digits, and sees its operating margin gains at the high end of its 200-300 basis points improvement target range. BofA also raised its revenue growth estimate to 4.2% from 1.6%, according to the note.BofA said CSX sees fuel surcharges supporting revenue growth into the mid-single-digit range. Cost controls, particularly in Purchased Services & Other, highlight Angel's strategy of building sustainable long-term productivity gains.The investment firm raised its 2026 EPS estimate to $1.90 from $1.80 and its 2027 EPS estimate to $2.15 from $2.10.BofA maintained a buy rating on CSX and lifted the price objective to $49 from $46.Shares of CSX were up 7.6% in Thursday trading.Price: $46.47, Change: $+3.29, Percent Change: +7.61%

$CSX

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