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Update: Seagate Technology Fiscal Q3 Earnings, Sales Jump; Q4 Outlook Beats; Shares Soar Premarket

(Updates with the stock move in the headline and the first paragraph)Seagate Technology (STX) shares rose over 18% in Wednesday's premarket activity after the company reported overnight stronger-than-expected fiscal Q3 earnings and revenue, as well as guidance for the next quarter that beat estimates.The company reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier.Analysts polled by FactSet expected $3.51.Revenue for the quarter that ended April 3 was $3.11 billion, up from $2.16 billion a year earlier.Analysts surveyed by FactSet expected $2.96 billion.The company said it expects fiscal Q4 non-GAAP EPS of $5.00, plus or minus $0.20. Analysts expect $3.99.Fiscal Q4 revenue is estimated to be $3.45 billion, plus or minus $100 million. Analysts expect $3.16 billion.Price: $683.94, Change: $+104.91, Percent Change: +18.12%

$STX

Wire147d ago

Brown-Forman, Pernod Ricard End Talks on Potential Combination

Brown-Forman (BF.A) and Pernod Ricard ended discussions over a potential business combination after failing to reach mutually agreeable terms."We intend to create long-term value for all stakeholders by focusing on our strategic and operational priorities," Brown-Forman said Tuesday in a statement. "This includes unlocking future growth by expanding our geographic footprint, continuing to build brands that resonate with consumers, and enhancing operational efficiency."In late March, the companies confirmed they were in talks, noting "there could be no assurance that any such agreement would be reached."Brown-Forman shares fell 2.9% in after-hours trading.

$BF.A$BF.B

Wire147d ago

Update: Visa Fiscal Q2 Adjusted Earnings, Revenue Rise

(Updates with share repurchase and dividend information in the last two paragraphs.)Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier.Analysts polled by FactSet expected $3.10.Revenue for the three months ended March 31 was $11.23 billion, up from $9.59 billion a year earlier.Analysts polled by FactSet expected $10.75 billion.In April, the company's board authorized a new $20 billion multi-year share repurchase program, it said.Visa also maintained its quarterly dividend at $0.67 per share, payable June 1 to holders on record as of May 12.

Wire147d ago

BXP Q1 FFO Falls, Revenue Rises; Shares Drop After Hours

BXP Inc (BXP) reported Q1 funds from operations late Tuesday of $1.59 per diluted share, down from $1.64 a year earlier.Analysts surveyed by FactSet expected $1.58.Revenue in the three months ended March 31 rose to $872.1 million from $865.2 million a year earlier.Analysts polled by FactSet expected $843.1 million.The company expects FFO of $1.69 to $1.71 a share in Q2 and $6.90 to $7.04 a share in the full year, compared with the prior forecast of $6.88 to $7.04.Analysts surveyed by FactSet expect $1.72 in Q2 and $6.95 in the full year.BXP shares fell 4.6% in after-hours trading.

$BXP

Wire147d ago

Element Solutions Q1 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

Element Solutions (ESI) reported Q1 adjusted earnings late Tuesday of $0.41 per diluted share, up from $0.34 a year earlier.Analysts polled by FactSet expected $0.38.Revenue in the three months ended March 31 rose to $840 million from $593.7 million a year earlier.Analysts surveyed by FactSet expected $710.5 million.Element Solutions shares rose 7% in after-hours trading.

$ESI

Wire147d ago

Fair Isaac Fiscal Q2 Adjusted Earnings, Revenue Climb; FY Outlook Raised; Shares Gain After Hours

Fair Isaac (FICO) reported fiscal Q2 adjusted earnings late Tuesday of $12.50 per diluted share, up from $7.81 a year earlier.Analysts polled by FactSet expected $10.89.Revenue in the quarter ended March 31 rose to $691.7 million from $498.7 million a year earlier.Analysts surveyed by FactSet expected $630.2 million.The company raised fiscal 2026 guidance to adjusted EPS of $40.45 on revenue of $2.45 billion, compared with its prior forecast of EPS of $38.17 on revenue of $2.35 billion.Fair Isaac shares rose 5.9% in after-hours trading.

$FICO

Wire147d ago

Seagate Technology Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Q4 Guidance Set

Seagate Technology (STX) reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier.Analysts polled by FactSet expected $3.51.Revenue for the quarter that ended April 3 was $3.11 billion, up from $2.16 billion a year earlier.Analysts surveyed by FactSet expected $2.96 billion.The company said it expects fiscal Q4 non-GAAP EPS of $5.00, plus or minus $0.20. Analysts expect $3.99.Fiscal Q4 revenue is estimated to be $3.45 billion, plus or minus $100 million. Analysts expect $3.16 billion.Shares of the company were up 12% in after-hours trading.

$STX

Wire147d ago

Omnicom Group Q1 Non-GAAP Net Income, Revenue Rise

Omnicom Group (OMC) reported Q1 non-GAAP net income late Tuesday of $1.90 per diluted share, up from $1.70 a year earlier.Analysts polled by FactSet expected $1.82.Revenue for the quarter ended March 31 rose to $6.24 billion from $3.69 billion a year earlier.Analysts surveyed by FactSet expected $5.85 billion.Omnicom shares fell 1.7% in after-hours trading.

$OMC

Wire147d ago

Visa Fiscal Q2 Adjusted Earnings, Revenue Rise

Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier.Analysts polled by FactSet expected $3.10.Revenue for the three months ended March 31 was $11.23 billion, up from $9.59 billion a year earlier.Analysts polled by FactSet expected $10.75 billion.

Wire147d ago

Booking Q1 Adjusted Earnings, Revenue Rise

Booking (BKNG) reported Q1 adjusted earnings late Tuesday of $1.14 per diluted share, up from $0.99 a year earlier.Analysts polled by FactSet expected $1.08.Revenue for the three months ended March 31 was $5.53 billion, up from $4.76 billion a year earlier.Analysts surveyed by FactSet expected $5.52 billion.For Q2, the company expects revenue growth rate of 4% to 6%. For the full year 2026, the company expects low-to mid-teens adjusted EPS growth on high-single digit revenue growth.

$BKNG

Wire147d ago

Earnings Flash (V) Visa Posts Fiscal Q2 Revenue $11.2B, vs. FactSet Est of $10.75B

Wire147d ago

Top Cryptocurrencies Mixed; Bitcoin Holds Above $76,000 Level

Major digital assets were mixed Tuesday, with Bitcoin (BTC-USD) lower but holding above the $76,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.3% in the past 24 hours. The Nasdaq 100 decreased 1%, the S&P 500 fell 0.5%, and the Dow Jones Industrial Average was down 0.1%.Bitcoin fell 0.7% to $76,316, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume declined 18.3% to $32.51 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 0.7% to $2,302.XRP (XRP-USD) dropped 0.5%, BNB (BNB-USD) rose 0.1%, and Solana (SOL-USD) fell 0.3%. Dogecoin (DOGE-USD) gained 2%, while Cardano (ADA-USD) added 0.8%.The US 10-year Treasury yield stood at 4.351% at 3 p.m. ET Tuesday, up from 4.335% Monday, while the five-year yield rose to 3.981% from 3.947%.The total market value of the cryptocurrency industry dropped 0.4% in the past 24 hours to $2.55 trillion, with trading volume dropping 0.5% to $155.16 billion.Price: $76342.31, Change: $-1025.97, Percent Change: -1.33%

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

Wire147d ago

Market Chatter: US Closes Probe Into Claims Meta Can Access WhatsApp Messages

Meta Platforms (META) saw a US Commerce Department agency close an investigation into allegations it can access encrypted WhatsApp messages, Bloomberg News reported Tuesday, citing two people familiar with the matter.A department investigator told other federal officials earlier this year that, after a 10-month probe, he had concluded Meta stores and can view WhatsApp messages, the report said.Meta has strongly denied the allegations, saying WhatsApp's architecture secures encrypted conversations, the report said.Meta and the Commerce Department did not immediately respond to requests 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: $671.45, Change: $-7.17, Percent Change: -1.06%

$META

Wire147d ago

Erasca Shares Fall After Preliminary Phase 1 Dose Escalation Data

Erasca (ERAS) shares fell 48% Tuesday after the company reported preliminary phase 1 dose-escalation data for its experimental ERAS-0015 in patients with RAS-mutant solid tumors, including colorectal cancer, non-small-cell lung cancer and pancreatic adenocarcinoma.The preliminary data, from ongoing trials in the US and China, suggest ERAS-0015 may be combined with standard-of-care doses of panitumumab, positioning it as a potential backbone therapy for future combination regimens, the company said.The therapy was generally "well tolerated," with no dose-limiting toxicities or treatment discontinuations due to adverse events, according to a statement.Erasca said it selected 24 mg and 32 mg once daily as recommended doses for further study and said the drug showed "promising clinical potential" for combination use with panitumumab.In a regulatory filing, the company said a patient, who was a 66 year-old male with heavily pretreated metastatic pancreatic adenocarcinoma, had died. The company said grade 3 treatment-related adverse events of pneumonitis progressed to grade 5 following withdrawal of supportive care per patient decision.Price: $9.96, Change: $-9.20, Percent Change: -48.02%

$ERAS

Wire147d ago

Boeing Gets Order for Up to 60 737 MAX Jets From Copa Airlines

Boeing (BA) said Tuesday it has secured an order for 40 of its 737 MAX airplanes from Copa Airlines, with options for up to 20 more aircraft.Financial details weren't provided.The Panamanian carrier aims to expand its fleet by more than 100 737 MAX aircraft to grow and modernize its network across the Americas and Caribbean, Boeing said.Price: $230.03, Change: $-1.30, Percent Change: -0.56%

$BA

Wire147d ago

Market Chatter: Oaktree Sues BJ's Over Alleged Tariff Refund Deal Backout

Oaktree Capital Management has sued BJ's Wholesale Club Holdings (BJ), alleging the company backed out of a deal to sell its rights to about $29 million in tariff refunds, Bloomberg reported on Tuesday.Oaktree alleged BJ's agreed to sell the claims for roughly $20 million, but later walked away as the value of tariff refund claims rose. The firm described the move as "unlawful and bad-faith seller's remorse."The dispute comes as refund claims have surged in value following a U.S. Supreme Court ruling that struck down several of President Donald Trump's former tariffs.Oaktree said the agreement had been fully negotiated, with only final execution remaining, before BJ's invoked a Walk Away provision, the report said.Oaktree and BJ's 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: $91.65, Change: $-1.24, Percent Change: -1.33%

$BJ

Wire147d ago

Market Chatter: Ametek in Talks to Acquire Indicor's Testing, Measurement Businesses

Ametek (AME) is in exclusive talks to acquire the testing and measurement businesses of Indicor, owned by private-equity firm Clayton Dubilier & Rice, the Wall Street Journal reported Tuesday, citing people familiar with the matter.A deal, valued at around $5 billion, may be announced in the coming weeks, though talks might still fall apart, the report said.Ametek 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: $229.45, Change: $-3.53, Percent Change: -1.51%

$AME

Wire147d ago

Capitol Federal Financial Maintains Quarterly Dividend

Capitol Federal Financial (CFFN) said Tuesday it maintained its quarterly dividend at $0.085 per share, payable May 15 to stockholders of record May 1.The company repurchased nearly 3.1 million common shares at an average cost of $7.27 apiece from Jan. 1 to April 22, 2026, according to a statement.The company said it will release financial results for the quarter ended March 31 on April 29.Price: $7.86, Change: $-0.02, Percent Change: -0.32%

$CFFN

Wire147d ago

NeuroSense Therapeutics Prices $600,000 Private Placement of Shares

NeuroSense Therapeutics (NRSN) said Tuesday it will sell 750,000 shares at $0.80 apiece in a private placement for gross proceeds of $600,000.The private placement, expected to close next week, was led by Chief Executive Alon Ben-Noon, Chief Financial Officer Or Eisenberg, and an existing shareholder, each committing $200,000, the company said.NeuroSense said it plans to use the proceeds from the offering for general corporate purposes as it approaches clinical and regulatory milestones.Price: $0.80, Change: $+0.05, Percent Change: +6.60%

$NRSN

Wire147d ago

Brown & Brown's Q1 Report Shows Organic Revenue Growth Under Continued Pressure, UBS Says

Brown & Brown's (BRO) Q1 report shows that the company's organic revenue growth continues to remain under pressure despite better than expected quarterly earnings per share and adjusted margins, UBS said in a note.The company's flat Q1 organic revenue growth was below UBS expectations of a 2% growth and consensus of 1.3%, UBS said on Monday. The metric further excluded $10 million in litigation related lost revenue, which was in-line with expectations, according to UBS.Looking ahead, Brown & Brown expects catastrophe property rates to continue to experience downward pressure in Q2, while economic growth should remain relatively stable, UBS said. The company's capital allocation will have a bias toward buybacks and paying down debt, while remaining active for specialty and smaller deals, UBS added.UBS maintained its neutral rating on the company's stock with an $81 price target.Shares of Brown & Brown were down over 6% in Tuesday trading.Price: $62.07, Change: $-4.06, Percent Change: -6.13%

$BRO

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