Omnicell (NASDAQ: OMCL) is off to a roaring start this year, at least as far as its quarterly performance is concerned. On Tuesday, it published its first earnings report of the year, and Mr. Market greeted this very positively. Investors couldn't get their hands on the healthcare tech stock fast enough, and they powered to a nearly 21% gain that day. Omnicell's revenue rose by almost 15% year-ove...
Omnicell (NASDAQ: OMCL) is off to a roaring start this year, at least as far as its quarterly performance is concerned. On Tuesday, it published its first earnings report of the year, and Mr. Market greeted this very positively. Investors couldn't get their hands on the healthcare tech stock fast enough, and they powered to a nearly 21% gain that day. Omnicell's revenue rose by almost 15% year-over-year to a shade under $310 million that quarter. That handily beat the consensus analyst estimate of barely over $304 million. Both product and service revenue grew during the period, with the former advancing a robust 20% to nearly $175 million, and the latter increasing 8% to $135 million. Image source: Getty Images. Continue reading
Wall Street loves a comeback story, but it does not always trust one. Intel has been a graveyard for investor patience for most of the past decade. The chipmaker missed the artificial intelligence (AI) boom, lost ground to Taiwan Semiconductor and Nvidia, and burned through billions trying to fix a ...
Wall Street loves a comeback story, but it does not always trust one. Intel has been a graveyard for investor patience for most of the past decade. The chipmaker missed the artificial intelligence (AI) boom, lost ground to Taiwan Semiconductor and Nvidia, and burned through billions trying to fix a ...
China’s imports of liquefied natural gas are expected to hit the lowest in eight years, according to ship-tracking data compiled by Kpler, as higher prices triggered by the Middle East war dampen demand. Deliveries to the world’s biggest LNG importer are expected to be around 3.5 million tons in April, about 30% lower from a year earlier, according to Kpler, which tracks shipping data. If confirme...
China’s imports of liquefied natural gas are expected to hit the lowest in eight years, according to ship-tracking data compiled by Kpler, as higher prices triggered by the Middle East war dampen demand. Deliveries to the world’s biggest LNG importer are expected to be around 3.5 million tons in April, about 30% lower from a year earlier, according to Kpler, which tracks shipping data. If confirmed by official Chinese numbers , that would mark the lowest monthly level since April 2018. Re-exports have also dropped. The country did not re-sell any cargo in April, according to ship-tracking data compiled by Bloomberg, a stark difference from just a month before when such sales reached an all-time high of more than 700,000 tons. That suggests the higher cost of spot LNG is outweighing profits from reselling shipments. Spot prices of the fuel in Asia are about 70% higher than pre-war levels. The war in the Middle East has shut the world’s largest export plant in Qatar and almost no LNG has passed through the Strait of Hormuz since the conflict broke out in late February. However, one shipment appears to have traversed the waterway to exit the Persian Gulf. Read More: First LNG Shipment Since War Began Appears to Exit Hormuz Chinese demand has remained soft over the past year as buyers shy away from expensive LNG to rely on cheaper piped gas. The trend could continue this year given skyrocketing prices due to the war, which has already led some importers to cut back purchases and rely on alternatives for power. Within the nation, the LNG market has also rallied sharply in recent weeks. Supply cuts from state-owned PetroChina’s gas fields, due to maintenance, have pushed plants to raise their offers to match higher pipeline gas auction prices. That has eroded LNG’s cost advantage over diesel, according to a post by China-based local industrial news publication LNG Industry Information on Monday.