Financial News · Live Terminal

Page 477 of 3664

CLSA Downgrades Dentsu Soken to Hold from Accumulate; Price Target is 2,800 Yen

Porch Swings to Earnings in Q2 as Sales Jump; Sets FY2026 Revenue Outlook; Shares Surge Premarket

Porch Group (PRCH) reported Q2 earnings late Wednesday of $0.05 per diluted share, compared with no earnings a year earlier.Analysts polled by FactSet expected a loss of $0.03.Revenue for the quarter that ended June 30 was $140.9 million, up from $126.1 million a year earlier.Analysts expected $122.3 million.Setting the Porch-owned segments' full-year 2026 financial outlook, the company said it expects revenue of $506 million to $517 million. Analysts expect $504.4 million.Shares of the company traded over 18% higher in premarket activity Thursday.Price: $14.60, Change: $+2.24, Percent Change: +18.12%

$PRCH

Asia15d ago

KGI Securities Upgrades AP Thailand to Outperform from Neutral; Price Target is THB9.40

AP Thailand (BKK:AP) has an average rating of buy and mean price target of 9.82 baht, 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)

BKK:AP

Research15d ago

William O'Neil Initiates Ross Stores at Buy

Ross Stores (ROST) has an average rating of overweight and mean price target of $261, 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)

$ROST

Research15d ago

Yuanta Securities Downgrades CK Power to Hold from Buy; Price Target is THB2.90

CK Power (BKK:CKP) has an average rating of overweight and mean price target of 2.94 baht, 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)

BKK:CKP

Research15d ago

Yuanta Securities Downgrades Bangkok Chain Hospital to Hold from Buy; Price Target is THB11.10

Bangkok Chain Hospital (BKK:BCH) has an average rating of overweight and mean price target of 11.32 baht, 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)

BKK:BCH

Asia15d ago

Baotou Tianhe Magnetics Technology to Invest in New Magnetic Materials Subsidiary

Baotou Tianhe Magnetics Technology (SHA:603072) will invest 10.8 million yuan in the establishment of a new magnetic materials subsidiary, Tianhe Magnetic Materials (Guangdong), according to a Thursday filing with the Shanghai bourse.The investment is equivalent to 90% of the 12 millionyuan in registered capital of the subsidiary. Shenzhen Liantuo Intelligent Machinery Partnership (Limited Partnership) will contribute 1.2 million yuan or 10% of the entire capital of the unit.Guangdong Tianhe will develop and sell magnetic materials and components such as humanoid robots, low-altitude economy equipment, and 3C consumer electronics.

SHA:603072

Mining & Metals15d ago

Canfor Narrows Q2 Net Loss YoY

Canfor (CFP.TO) reported second-quarter net loss of C$18.5 million, or a loss of C$0.16 per share, narrowing from a loss of C$72.1 million, or a loss of C$0.62, in the year-ago quarter.Sales were C$1.53 billion, up from C$1.36 billion in the prior-year period.Analysts polled by FactSet expected C$1.44 billion, with four analysts reporting.

$CFP.TO

Commodities15d ago

Eni Eyes Rapid Development for Venezuelan Assets

Italy-based Eni (E) is finalizing new contracts for its Venezuelan oil and gas projects, with plans for rapid production growth at the Junin-5 field, company chief said during earnings call on Wednesday.Eni is at the final stage of negotiations for oil assets like Junin-5 and Corocoro, and has finalized a gas export agreement for the giant Perla field."So, up to now, Venezuela is responding very well," Chief Executive Officer Claudio Descalzi said. "Clearly, we are going to negotiate a contract that allows us to make investments."Collective Venezuelan operations unlock a growth potential of over 5.5 billion barrels of recoverable resources, according to the transcript available on FactSet.On the gas side, PDVSA is honoring sustainability agreements regarding Cardon IV cargo payments, and the plan of development for Perla gas exports is imminent, it stated.On the oil side, Descalzi noted that Eni aims to sign a production sharing contract rather than a joint venture for Junin-5, leveraging existing spare facility capacity to mobilize rigs quickly and ramp up production from its current 12,000 barrels per day to a plateau level of 200,000 bbl/d.

Asia15d ago

Nomura Research Institute Profit Rises 12% in Fiscal Q1

Nomura Research Institute (TYO:4307) posted a 12.4% year-over-year increase in profit attributable to owners of the parent to 29.21 billion yen for the three months ended June 30 from 26 billion yen.The Japan-based think tank's basic earnings per share increased to 51.42 yen from 45.43 yen a year ago, according to a Tokyo Stock Exchange filing on Thursday.Revenues jumped 7.5% to 210.46 billion yen from 195.8 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 119 billion yen, EPS of 209.46 yen, and revenue of 850 billion yen.The company plans to pay a second quarter-end dividend of 42 yen per share for the current fiscal year.

TYO:4307

Mining & Metals15d ago

Athabasca Oil Posts Increase in Q2 Net Income YoY

Athabasca Oil (ATH.TO) reported second-quarter net income and comprehensive income of C$66.2 million, or C$0.13 per share, up from C$56.9 million, or C$0.11 per share, in the year-ago quarter.Analysts polled by FactSet expected C$0.15, with three analysts reporting.Petroleum, natural gas and midstream sales were C$372.4 million, up from C$368.7 million in the year-ago quarter.Analysts expected C$403.2 million, with two analysts reporting.Petroleum and natural gas production was 32,110 barrels of oil equivalent per day, down from 39,088 boe/d.

$ATH.TO

Asia15d ago

Sansure Biotech Gets Device Registration Certificate for COVID-19, Flu, RSV Detection Kits

Sansure Biotech (SHA:688289) received a medical device registration certificate from China's National Medical Products Administration for its nucleic acid detection kits for COVID-19, influenza A and B, and respiratory syncytial virus, according to a Thursday disclosure to the Shanghai bourse.The kit is the company's first approved lyophilized nucleic acid detection reagent for respiratory infections, Sansure said in its filing.

SHA:688289

Oil & Energy15d ago

Market Chatter: QatarEnergy Buys US LNG Cargoes for Asian Buyers Amid Supply Disruption

QatarEnergy has secured 33 spot cargoes of US liquefied natural gas this year for Asian buyers, following its own force majeure declarations due to infrastructure damage and shipping disruption from the US-Iran war, Reuters reported Thursday, citing sources.The company reportedly bought the cargoes from Venture Global (VG) and other customers of the US LNG exporter. The total volume is equivalent to a third of QatarEnergy's monthly exports pre-war and valued at around $1 billion, according to Reuters calculations.The shipments to South Korea, Taiwan, Bangladesh, India, and Japan aim to show that the company seeks to remain a reliable gas supplier despite recent disruptions, sources told Reuters. Five of the 33 cargoes have yet to reach customers.QatarEnergy 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.)

$VG

Oil & Energy15d ago

Adnoc Drilling Q2 Revenue Rises 3% YOY

Middle East's Integrated Drilling Services provider Adnoc Drilling posted Thursday 8% year-over-year rise in Q2 offshore revenue to $554 million, from $513 million, boosted by the consolidation of SLDC and MBPS land rigs.Offshore revenue for jack-ups and islands rose 6% in the quarter ended June 30 to $358 million from $337 million in the same period a year ago, supported by new jack-ups and an early-deployed artificial intelligence-enabled island rig.Meanwhile, oilfield services revenue stood at $320 million, down 8% year over year from $347 million due to lower unconventional activity phasing. However, integrated drilling services activity expanded with the number of IDS rigs increasing to 61.The company stated that the growth was primarily driven by addition of 30 land rigs in Oman and Kuwait, following the acquisitions of stakes in SLDC and MBPS, alongside the integration of new jack-up rigs.The company's total rig fleet reached 171 units by the end of June which includes 141 rigs in Abu Dhabi and 30 regional rigs outside the UAE.Looking forward, Adnoc Drilling remains on track to deploy about 70 IDS rigs by the end of 2026, backed by ongoing investments in UAE production capacity, gas development, and technology-driven productivity.

Asia15d ago

Easyhold Group Plans HK$69 Million One-for-One Rights Issue

Easyhold Group (HKG:1703) plans to raise up to HK$69 million through a one-for-one rights issue of up to 138 million new shares at HK$0.50 each.The company will offer one rights share for every one existing share held by qualifying shareholders, with the record date expected on Sept. 24, according to a Hong Kong bourse filing.The proceeds will be used mainly to repay a shareholder loan, fund the expansion of its catering network in China, and support general working capital.

HKG:1703

Asia15d ago

Sumitomo Mitsui Trust to Convert Leasing Unit into Joint Venture

Sumitomo Mitsui Trust (TYO:8309) has signed a definitive agreement to convert Sumitomo Mitsui Trust Panasonic Finance (SMTPFC) into a joint venture with Fuyo General Lease (TYO:8424) and Yokohama Financial (TYO:7186), effective Oct. 1.Following the transaction, SMTPFC will be renamed SMTB Leasing and will become an equity-method affiliate of Sumitomo Mitsui Trust Bank, which will hold 45% while Fuyo Lease and Yokohama will own 40% and 15%, respectively.Sumitomo Mitsui Trust Bank will transfer shares worth approximately 53.3 billion yen, reducing its stake from 84.9% to 45%, while Panasonic (TYO:6752) will exit entirely.The company expects to record a loss on the share transfer of roughly 14 billion yen for the fiscal year ending March 31, 2027, though its full-year earnings forecast remains unchanged.

TYO:6752TYO:7186TYO:8309TYO:8424

Research15d ago

President Capital Downgrades Meta Platforms to Neutral From Buy, Adjusts PT to $660 From $827

Meta Platforms (META) has an average rating of buy and mean price target of $793.89, 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)

$META

International15d ago

Eurozone Unemployment Rate Stable at 6.3% in June

The seasonally adjusted unemployment rate in the euro area stood at 6.3% in June, unchanged from the revised May figure, according to Eurostat data published Thursday.The latest reading is above the consensus estimate of 6.2%.

^SXXP

International15d ago

Eurozone's Quarterly GDP Up 0.4% in Q2, Flash Data Shows

The euro area's quarterly gross domestic product rose 0.4% in the second quarter, after a revised zero growth in the prior three-month period, flash data from Eurostat showed Thursday.Analysts expected a 0.2% rise.On a yearly basis, the eurozone economy grew 1% during the quarter, against the revised 0.5% gain in the previous three months and the consensus estimate of 0.5% growth.

^SXXP

Commodities15d ago

NWS Forecasts Dangerous Heat in Southern US Until Weekend.

The US National Weather Service on Thursday forecast persistent dangerous and extreme heat in southern US until the weekend.Meanwhile, a heatwave is expected to intensify in Southwest US this week, before peaking and spreading to the Intermountain West and northern High Plains over the weekend.Heavy to excessive rainfall and significant flash flooding is forecast in parts of southern New England amid multiple thunderstorms.The NWS issued an extreme heat warning early Thursday for Oklahoma's Bartlesville, Tulsa, Muskogee, Hugo, McAlester, and Oklahoma City. OGE Energy (OGE) subsidiary Oklahoma Gas & Electric and American Electric Power's (AEP) Public Service Co. of Oklahoma are the major service providers in Oklahoma.A similar warning was raised for Arizona's Yuma, Parker, Lake Havasu City, Bullhead City, Kingman, Ajo, Gila Bend, Phoenix, Wickenburg, Dateland, Prescott, Payson, Globe, Casa Grande, Tucson, Globe, San Carlos, Oracle, Oro Valley, Green Valley, Nogales, Sierra Vista, Bisbee, Sells, Willcox, Benson, Safford, Bisbee, Page, and Grand Canyon Village.Arizona is The state is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.Affected areas in California include Blythe, El Centro Imperial, Palm Springs, Twentynine Palms, Campo, El Cajon, Mount Laguna, Julian, Borrego Springs, Indio, Escondido, Temecula, San Clemente, San Bernardino, Hemet, Beaumont, Victorville, Barstow, Baker, Death Valley, Tehachapi, Bishop, Anaheim, Ontario, Chino, Los Angeles, Anaheim, Santa Ana, Burbank, Palmdale, Santa Clarita, Long Beach, Oxnard, Malibu, San Luis Obispo, Ridgecrest, Santa Maria, Paso Robles, Edwards AFB, and Riverside.PG&E (PCG) subsidiary Pacific Gas and Electric, Edison International's (EIX) Southern California Edison, and Sempra Energy (SRE) unit San Diego Gas & Electric are the major electricity service providers in these places.Also placed under an extreme heat warning watch were Tonopah, Beatty, Las Vegas, and Caliente in Nevada, which falls under the service area of Berkshire Hathaway Energy unit NV Energy.The NWS also issued an extreme heat warning for Utah's St. George, Zion National Park, Escalante, Capitol Reef National Park, and Hanksville. Meanwhile, a flash flood warning was issued for Ogden, Salt Lake City, Tooele, Provo, Duchesne, and parts of Zion National Park. PacifiCorp's Rocky Mountain Power is the major service provider in the state.Flood warnings were raised for Cotulla and George West in Texas, served by AEP's Texas unit; and New York's Saratoga Springs, Albany, Hunter, served by National Grid (NGG) and Fortis (FTS) subsidiary Central Hudson Gas & Electric.

$AEP$EIX$FTS$NGG$OGE$PCG$PNW$SRE

Showing 9521-9540 of 73280

Commodities15d ago

NWS Forecasts Dangerous Heat in Southern US Until Weekend.

$AEP$EIX$FTS$NGG$OGE$PCG$PNW$SRE