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Xylem Q1 Adjusted Earnings, Revenue Increase; 2026 Outlook Issued

Xylem (XYL) reported Q1 adjusted earnings Tuesday of $1.12 per diluted share, up from $1.03 a year earlier.Analysts polled by FactSet expected $1.08.Revenue for the quarter ended March 31 was $2.13 billion, up from $2.07 billion a year earlier.Analysts surveyed by FactSet expected $2.11 billion.For 2026, the company expects revenue of $9.20 billion to $9.30 billion. Analysts polled by FactSet expect $9.19 billion.Shares of the company were up 1.6% in recent premarket activity Tuesday.Price: $125.50, Change: $+1.99, Percent Change: +1.61%

$XYL

Wire147d ago

General Motors Q1 Adjusted Earnings Rise, Revenue Declines; 2026 Adjusted Earnings Outlook Raised

General Motors (GM) reported Q1 adjusted earnings Tuesday of $3.70 per diluted share, up from $2.78 a year earlier.Analysts surveyed by FactSet expected $2.60.Revenue for the quarter ended March 31 was $43.62 billion, down from $44.02 billion a year earlier.Analysts polled by FactSet expected $43.51 billion.The company now expects 2026 adjusted EPS to be between $11.50 and $13.50, up from the prior outlook of $11 to $13. Analysts polled by FactSet expect $12.20.The company's board declared a quarterly cash dividend of $0.18 per share, payable June 18 to shareholders of record as of June 5.Shares of the company were up over 5% in Tuesday premarket activity.Price: $82.00, Change: $+4.04, Percent Change: +5.18%

$GM

Wire147d ago

Armstrong World Industries Q1 Adjusted Earnings, Net Sales Rise; Raises 2026 Adjusted EPS Guidance

Armstrong World Industries (AWI) reported Q1 adjusted earnings Tuesday of $1.69 per diluted share, up from $1.66 a year earlier.Analysts polled by FactSet expected $1.81.Net sales for the quarter ended March 31 were $409.9 million, compared with $382.7 million a year earlier.Analysts surveyed by FactSet expected $409.5 million.For 2026, the company expects adjusted earnings of between $8.15 to $8.45 per diluted share, compared with its prior guidance of $8.05 to $8.35. Analysts polled by FactSet expect $8.30.Armstrong World Industries reiterated its full year net sales guidance of $1.75 billion to $1.79 billion. Analysts are looking for $1.77 billion.Shares of the company were down over 2% in Tuesday premarket activity.Price: $173.00, Change: $-4.75, Percent Change: -2.69%

$AWI

Wire147d ago

DoubleDown Interactive Receives Proposal to Get Fully Acquired by DoubleU Games

DoubleDown Interactive (DDI) has been sent a written proposal to be acquired by DoubleU Games in an all-cash deal valued at about $184 million, DoubleU said Monday.Under the terms of the proposed acquisition, DoubleU will buy the remaining publicly held shares of DoubleDown for $11.25 per American depositary share. Each ADS corresponds to one-twentieth of a DoubleDown share.DoubleU Games, which currently owns about 67% of DoubleDown, plans to take the company private using existing cash and committed financing, the company said.Shares of DoubleDown gained more than 12% in recent premarket activity Tuesday.Price: $10.36, Change: $+1.17, Percent Change: +12.73%

$DDI

Wire147d ago

BP's Q1 Underlying Profit, Sales Increase - Shares Up Pre-Bell

BP (BP) reported Q1 underlying replacement cost profit Tuesday of $1.24 per American depositary share, up from $0.53 a year earlier.Sales and other operating revenue for the quarter totaled $52.26 billion, up from $46.91 billion a year earlier.Analysts polled by FactSet expected $49.4 billion.The energy major maintained an interim dividend of $0.0832 per share to be paid on June 26 to shareholders of record as of May 15.Shares of the company were up 4% in Tuesday premarket activity.

$BP

Wire147d ago

Jade Gas Holdings Gets Mongolian Authority Approval for Coal Bed Methane Project Appraisal Report

Jade Gas Holdings (ASX:JGH) received approval from the Mineral Resources and Petroleum Authority of Mongolia for its appraisal report for the Tavantolgoi coal bed methane project, according to a Tuesday Australian bourse filing.The next stage in securing a long-term production license for the project is reserve booking, which will validate and register the company's maiden gas reserves under Mongolia's mineral and petroleum reporting standards, per the filing.The company's shares fell nearly 2% in recent trading on Tuesday but earlier hit their highest since May 2024.

ASX:JGH

Wire148d ago

Brown & Brown Q1 Adjusted Earnings, Revenue Rise

Brown & Brown (BRO) reported Q1 adjusted earnings late Monday of $1.39 per diluted share, up from $1.29 a year earlier.Analysts polled by FactSet expected $1.36.Revenue for the three months ended March 31 was $1.9 billion, up from $1.4 billion a year earlier.Analysts surveyed by FactSet expected $1.89 billion.The company's shares rose 2.8% in after-hours trading.

$BRO

Wire148d ago

Ranger Energy Services Q1 Earnings, Revenue Rise; Shares Fall After Hours

Ranger Energy Services (RNGR) reported Q1 earnings Monday of $0.12 per diluted share, up from $0.03 a year earlier.One analyst polled by FactSet expected $0.13.Revenue in the three months ended March 31 rose to $159.1 million from $135.2 million a year earlier.Three analysts surveyed by FactSet expected $156.2 million.Ranger Energy shares fell 10% in after-hours trading.

$RNGR

Wire148d ago

Kforce Q1 Earnings, Revenue Rise; Shares Gain After Hours

Kforce (KFRC) reported Q1 earnings late Monday of $0.46 per diluted share, up from $0.45 a year earlier.Analysts polled by FactSet expected $0.40.Revenue for the three months ended March 31 was $330.4 million, compared with $330 million a year earlier.Analysts surveyed by FactSet expected $329.3 million.The company expects Q2 EPS of $0.67 to $0.75 on revenue of $344 million to $352 million. Analysts expect $0.60 and $335.6 million, respectively.The company maintained its quarterly dividend of $0.40 a share, payable June 26 to stockholders of record June 12.Kforce shares rose over 16% in after-hours trading.

$KFRC

Wire148d ago

Nucor Q1 Earnings, Revenue Rise

Nucor (NUE) reported fiscal Q1 earnings late Monday of $3.23 per diluted share, up from $0.67 a year earlier.Analysts polled by FactSet expected $2.82.Revenue for the 13 weeks ended April 4 was $9.5 billion, up from $7.83 billion a year earlier.Analyst surveyed by FactSet expected $8.88 billion.For Q2, the company said it expects higher consolidated earnings compared with its Q1.

$NUE

Wire148d ago

Solaris Energy Infrastructure Q1 Adjusted Earnings, Revenue Rise

Solaris Energy Infrastructure (SEI) reported Q1 adjusted pro forma earnings Monday of $0.44 per diluted share, up from $0.20 a year earlier.Analysts polled by FactSet expected $0.26 a share.Revenue for the quarter ended March 31 was $196.2 million, up from $126.3 million a year earlier.Analysts surveyed by FactSet expected $183.4 million.

$SEI

Wire148d ago

Celestica Q1 Adjusted Earnings, Revenue Rise; Q2 Guidance Set

Celestica (CLS) reported Q1 adjusted earnings late Monday of $2.16 per diluted share, up from $1.20 a year earlier.Analysts polled by FactSet expected $2.07.Revenue for the three months ended March 31 was $4.05 billion, up from $2.65 billion a year earlier.Analysts surveyed by FactSet expected $4.04 billion.For Q2, the company expects adjusted EPS of $2.14 to $2.34 on revenue of $4.15 billion to $4.45 billion. Analysts expect EPS of $2.13 on revenue of $4.17 billion.The company now expects 2026 adjusted EPS of $10.15 on revenue of $19 billion, revised from $8.75 and $17 billion, respectively, expected earlier. Analysts expect EPS of $8.93 on revenue of $17.34 billion.

$CLS

Wire148d ago

Cadence Design Systems Q1 Adjusted Earnings, Revenue Rise; 2026 Guidance Revised

Cadence Design Systems (CDNS) reported Q1 adjusted earnings late Monday of $1.96 per diluted share, up from $1.57 a year earlier.Analysts polled by FactSet expected $1.88.Revenue for the three months ended March 31 was $1.47 billion, up from $1.24 billion a year earlier.Analysts surveyed by FactSet expected $1.45 billion.The company now expects full-year 2026 adjusted EPS of $7.85 to $7.95 on revenue of $6.13 billion to $6.23 billion. It earlier expected adjusted EPS of $8.05 to $8.15 on revenue of $5.9 billion to $6 billion.Analysts expect EPS of $7.87 on revenue of $6.13 billion.

$CDNS

Wire148d ago

GUIDANCE: (CDNS) Cadence Design Systems Expects Fiscal 2026 Revenue Range $6.125B-$6.225B, vs. FactSet Est of $6.13B

$CDNS

Wire148d ago

Top Cryptocurrencies Fall; Bitcoin Falls Below $77,000 Level

Top cryptocurrencies fell Monday, with Bitcoin (BTC-USD) dropping below the $77,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.7% in the past 24 hours. The Nasdaq 100 was up 0.2%, the S&P 500 added 0.1% and the Dow Jones Industrial Average was down 0.1% .Bitcoin dropped 1.8% to $76,841, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 124.3% to $39.63 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dipped 3.5% to $2,287.XRP (XRP-USD) fell 2.8%, BNB (BNB-USD) declined 2%, and Solana (SOL-USD) shed 3.1%. Dogecoin (DOGE-USD) was down 1.5%, and Cardano (ADA-USD) lost 3%.The US 10-year Treasury yield stood at 4.335% at 3 p.m. ET Monday, up from 4.308% Friday, while the five-year yield rose to 3.947% from 3.918%.The total market value of the cryptocurrency industry fell 2% in the past 24 hours to $2.56 trillion, with trading volume declining 2.1% to $155.95 billion.Price: $76846.16, Change: $-1824.69, Percent Change: -2.32%

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

Wire148d ago

Transat Adds Aruba, Barbados, Cabo to Winter 2026-27 Schedule From Montreal

Transat A.T (TRZ.TO) said Monday it is expanding its winter 2026-2027 schedule by adding three new sun destinations from Montreal.The new routes include Oranjestad in Aruba, Bridgetown in Barbados, and San Jose del Cabo in Mexico. Flights to San Jose del Cabo will begin on Dec. 10, with one flight per week. Service to Oranjestad will start on Dec. 12, with one weekly flight, while Bridgetown will have two flights per week starting Dec. 13, the company said."Demand for sun destinations remains strong, and these three new routes from Montreal allow us to meet that demand by expanding our offering. By adding Aruba, Barbados and Los Cabos, we are continuing to execute a strategy focused on diversifying and optimizing our network to the South, for the benefit of our clients," Chief Revenue Officer Sebastian Ponce said.These flights are now open for booking, though schedules may change depending on approvals and airport availability. Air Transat will continue to roll out more details about its full winter program in the coming weeks, the company added.Transat shares closed up $0.02 to $2.63 on the Toronto Stock Exchange.Price: $2.60, Change: $-0.01, Percent Change: -0.38%

$TRZ.TO

Wire148d ago

S&P 500 Companies' Quarterly Profit Growth Eases, But Remains Well Above Expectations, Oppenheimer Says

S&P 500 companies' quarterly earnings growth decelerated compared with figures from a week ago, but remained well ahead of expectations, Oppenheimer Asset Management's data showed Monday.Some 28% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up about 25% from a year earlier and revenue growing 10%. Last week's report by the brokerage showed profit growth of 32% and sales increase of 13%, based on financials reported by 9% of the index constituents.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer."The quarter appears to be off to a strong start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, noting that earnings growth reported by 79% of the firms that have released their quarterly results exceeded analyst estimates.Among sectors, materials and technology outperformed in terms of earnings, with profit roughly doubling year over year. Tech led the chart for revenue growth, with a nearly 30% increase, followed by real estate's 14% jump.This week, a busier earnings calendar has 179 S&P companies releasing their quarterly financials, according to Oppenheimer. Among the big-cap companies reporting this week are five of the so-called Magnificent 7 stocks; Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META).Visa (V), Coca-Cola (KO), T-Mobile US (TMUS), and Eli Lilly (LLY) also report this week.On Friday, the S&P 500 and the Nasdaq Composite hit all-time peaks as tech stocks rallied, ahead of a second round of US-Iran peace talks. The two sides, however, didn't have direct negotiations in Pakistan over the weekend."Resolution to the conflict in our view persists as a potential negative overhang to market performance on a day-to-day basis tied to news flows from the front, developments in negotiations taking place and supply chain disruptions that carry inflation risks," Stoltzfus said. "That said, stocks are showing thus far an appreciation for fundamentals that matter to revenue and profit growth."Price: $349.73, Change: $+7.41, Percent Change: +2.16%

$AAPL$AMZN$GOOG$GOOL$KO$LLY$META$MSFT$TMUS$V

Wire148d ago

Update: EU Proposes Measures to Open Google's Android to Rival AI Services

(Updates with Google's comment in 5th, 6th and 7th paragraph.)The European Commission on Monday proposed measures that would require Alphabet's (GOOG, GOOGL) Google to open its Android ecosystem to rival AI services and launched a public consultation under the Digital Markets Act.The commission said its preliminary findings outline steps Google should take to ensure third-party AI services can access key Android capabilities and interact with applications on users' devices.The measures would allow competing AI tools to perform tasks such as sending emails, ordering services or sharing photos, which are functions currently largely reserved for Google's own AI offerings, the commission said in a statement."Today's proposed measures will give more choice to Android users about the AI services they use and integrate in their phone," Teresa Ribera, an EU executive vice president, said in the statement.Clare Kelly, Senior Competition Counsel at Google, said Android's ecosystem allows AI assistants to grow, as device makers can freely integrate and tailor AI experiences for their users."This unwarranted intervention would strip away that autonomy, mandate access to sensitive hardware and device permissions; unnecessarily driving up costs while undermining critical privacy and security protections for European users." Kelly added in an emailed statement to.Kelly also said the EC's proposals and the current memory crisis will drive up device prices by 50 euros to 100 euros this year.The commission invited interested parties to submit feedback by May 13.Price: $349.84, Change: $+7.52, Percent Change: +2.20%

$GOOG$GOOGL

Wire148d ago

Real Brokerage Agrees to Acquire RE/MAX in $880 Million Deal

Real Brokerage (REAX) said Monday it agreed to acquire RE/MAX (RMAX) in a deal with an enterprise value of approximately $880 million.The agreement values each RE/MAX share at $13.80, giving shareholders the option to receive either $13.80 in cash or 5.15 shares of the newly formed Real REMAX Group, the company said.Real Brokerage's CEO Tamir Poleg will serve as chairman and CEO of the combined entity following the deal's expected closing in H2, the company said.Real Brokerage's shares were down roughly 27% while RE/MAX's stock was up nearly 21% in Monday trading.Price: $1.92, Change: $-0.76, Percent Change: -28.25%

$REAX$RMAX

Wire148d ago

US Energy Signs 5-Year Helium Deal for Montana Hub

US Energy (USEG) said Monday it has signed a five-year helium sales agreement with an unnamed investment-grade global industrial gas company, securing long-term contracted cash flow for its Big Sky Carbon Hub project in Montana ahead of targeted Q1 2027 operations.The agreement is a 100% take-or-pay contract requiring the industrial gas company to purchase all phase 1 helium output over a five-year initial term, with volumes of up to 1.2 million cubic feet per month priced at $285 per thousand standard cubic feet and subject to annual inflation-linked increases starting March 1, 2028, the company said.Either party can seek a price revision in the third year, and if US Energy receives third-party bids, the industrial gas company can match the best offer with a 5% premium to retain the contract, with the new price taking effect at the start of year four, US Energy said.US Energy said the agreement, alongside recently completed financing, supports the execution of phase 1, with additional capacity expansion planned in phase 2, expected to come online in 2029.Shares of US Energy were up more than 21% in Monday afternoon trading.Price: $1.13, Change: $+0.20, Percent Change: +21.35%

$USEG

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Wire148d ago

S&P 500 Companies' Quarterly Profit Growth Eases, But Remains Well Above Expectations, Oppenheimer Says

$AAPL$AMZN$GOOG$GOOL$KO$LLY$META$MSFT$TMUS$V