Jen Dodds stars alongside Bruce Mouat to get Team GB's Winter Olympics off to a winning start in the mixed doubles curling against Norway. READ MORE: Mouat and Dodds get Team GB off to winning start Available to UK users only.
Jen Dodds stars alongside Bruce Mouat to get Team GB's Winter Olympics off to a winning start in the mixed doubles curling against Norway. READ MORE: Mouat and Dodds get Team GB off to winning start Available to UK users only.
羅馬教堂壁畫小天使「撞樣」梅洛尼 梵蒂岡要求抹掉 文化部：重畫須先申請 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】意大利羅馬一間教堂的小天使壁畫，被指與總理梅洛尼「撞樣」後，梵蒂岡要求修復師抹掉小天使面孔，文...
羅馬教堂壁畫小天使「撞樣」梅洛尼 梵蒂岡要求抹掉 文化部：重畫須先申請 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】意大利羅馬一間教堂的小天使壁畫，被指與總理梅洛尼「撞樣」後，梵蒂岡要求修復師抹掉小天使面孔，文化部則指教堂必須重新申請，才可再次修復壁畫。 盧西納聖勞倫斯教堂的「撞樣」小天使壁畫，吸引不少遊客慕名而來。但教堂周三開放時，這個拿著意大利地圖的小天使臉部被相信是油漆或灰泥遮蓋，一夜之間變成「無樣天使」，遊客難免失望而回，只能「留倩影」。 《共和報》上周六報道，壁畫修復後，小天使與總理梅洛尼「撞樣」，文化部長朱利和羅馬教區下令調查。負責操刀的修復師瓦倫蒂內蒂最初否認畫中是梅洛尼，但之後承認是靈感源自梅洛尼，事件引起風波後，梵蒂岡要求他抹掉壁畫上的小天使。教堂神父亦直言無法接受民眾到教堂只是為了欣賞這幅畫，而非參與彌撒或祈禱。 文化部聲明提到，若教堂計劃重畫天使的面孔，須獲政府、羅馬教區及文化部轄下的特別監管機構批准，提交申請許可時亦必須附上草圖。
filo McKesson ( MCK ) boosted its fiscal 2026 non-GAAP EPS outlook as the drug wholesaler's Q3 financial results beat on both lines. The company now sees FY26 non-GAAP EPS of $38.80-$39.20, up from $38.35-$38.85 prior. Consensus is $38.68. In Q3, non-GAAP EPS rose to $9.34 from $8.03 in the year-ago period, a 16% increase. McKesson said Q3 results were helped by growth in the North American Pharma...
filo McKesson ( MCK ) boosted its fiscal 2026 non-GAAP EPS outlook as the drug wholesaler's Q3 financial results beat on both lines. The company now sees FY26 non-GAAP EPS of $38.80-$39.20, up from $38.35-$38.85 prior. Consensus is $38.68. In Q3, non-GAAP EPS rose to $9.34 from $8.03 in the year-ago period, a 16% increase. McKesson said Q3 results were helped by growth in the North American Pharmaceutical segment following increased prescription volumes from retail national account customers and distribution growth of oncology and multispecialty products. McKesson ended 2025 with ~$3B in cash and cash equivalents compared to ~$5.7B on March 31, 2025. More on McKesson 44th Annual J.P. Morgan Healthcare Conference McKesson Corporation (MCK) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript McKesson Corporation: FY26 Earnings Visibility Underpins Buy Case McKesson Non-GAAP EPS of $9.34 beats by $0.07, revenue of $106.2B beats by $290M McKesson Q3 2026 Earnings Preview
Wall Street came into Wednesday looking for earnings proof that Google $GOOGL can grow in the AI era without breaking its own margins. After the bell, Alphabet obliged — Search rose, Cloud surged, profits followed. And then — almost as if the company didn’t trust the market to stay focused — Google handed investors a number so large it hijacked the conversation within minutes: a 2026 capital spend...
Wall Street came into Wednesday looking for earnings proof that Google $GOOGL can grow in the AI era without breaking its own margins. After the bell, Alphabet obliged — Search rose, Cloud surged, profits followed. And then — almost as if the company didn’t trust the market to stay focused — Google handed investors a number so large it hijacked the conversation within minutes: a 2026 capital spending plan that reads like a geopolitical project. The market wasn’t sure what to do with that: Shares fell and then rose and then dipped and then leveled out and then rose 3% about 30 minutes after the print. But first, start with the part Wall Street claims to care about: results. Alphabet ’s fourth quarter brought in $113.8 billion in revenue, up 18% year over year, and $2.82 in earnings per share, up 31%. Before the print, investors had been modeling something closer to $111.3 billion in revenue and an adjusted EPS around $2.64, so Alphabet didn’t just clear the bar; it left it behind. Net income climbed to $34.5 billion. Google Services — the sprawling profit machine that includes Search, YouTube, Android, Chrome, and the rest of the consumer empire — grew 14% to $95.9 billion. Search and other revenue rose 17%, so for all of the noise about generative AI turning search boxes into nostalgia, Google ’s tollbooth is still collecting. Search looks like it has found a way to absorb the AI era without surrendering its cash register. The softer spot, as usual, was the more old-school ad plumbing: Google Network revenue slipped 2% to $7.8 billion, a reminder that not every ad surface ages gracefully. YouTube also did its job. Ads grew 9% to $11.4 billion — not a breakout, not a slump, just steady. But no one watching the print came in expecting YouTube to be spectacular. They just wanted to see whether the core machine was humming and whether the next machine was turning on. But even if the story ended here, the market’s reaction would be simple: This is what dominance looks li...
US equity indexes closed mixed on Wednesday as a sell-off in big tech coincided with gains in cyclic Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
US equity indexes closed mixed on Wednesday as a sell-off in big tech coincided with gains in cyclic Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Jay Goldberg, senior analyst at Seaport Research Partners, says it's time for things to change at Qualcomm. He explains on "Bloomberg The Close." (Source: Bloomberg)
Jay Goldberg, senior analyst at Seaport Research Partners, says it's time for things to change at Qualcomm. He explains on "Bloomberg The Close." (Source: Bloomberg)
Giant Phantom Jelly Sighting The deep ocean remains one of Earth’s least understood frontiers, a vast and shadowy realm where strange life forms drift far beyond human reach. Every so often, however, technology allows us a fleeting glimpse into this hidden world. Such was the case when marine researchers captured rare footage of a giant phantom jelly, a creature so elusive that fewer than 150 conf...
Giant Phantom Jelly Sighting The deep ocean remains one of Earth’s least understood frontiers, a vast and shadowy realm where strange life forms drift far beyond human reach. Every so often, however, technology allows us a fleeting glimpse into this hidden world. Such was the case when marine researchers captured rare footage of a giant phantom jelly, a creature so elusive that fewer than 150 confirmed sightings have been recorded worldwide. The encounter reignited public fascination and reminded scientists just how much remains unknown beneath the waves. The giant phantom jelly, scientifically known as Stygiomedusa gigantea, is among the largest jellyfish species ever documented. Unlike the translucent, bell-shaped jellyfish commonly seen near shorelines, this deep-sea dweller has a dark, almost velvety appearance. Its body can reach over three feet in diameter, while its four ribbon-like oral arms can stretch more than thirty feet, trailing through the water like living streamers. What makes recent sightings remarkable is not just the creature’s size, but its rarity. The deep ocean is vast, and the phantom jelly tends to inhabit depths between 3,000 and 6,500 feet, where sunlight never reaches. Traditional fishing equipment rarely encounters it, and even advanced research vessels equipped with remotely operated vehicles (ROVs) can go years without seeing one. In the latest documented sighting, researchers were conducting a routine deep-sea survey when the dark silhouette of the jellyfish drifted into view. Its slow, deliberate movements appeared almost hypnotic as its massive arms flowed gently in the surrounding water. For scientists observing from the surface, the moment was both thrilling and humbling. Encounters like these are unpredictable, and there is often no second chance to observe such a rare organism in its natural environment. Marine biologists believe the giant phantom jelly relies on stealth rather than speed. Instead of stinging prey aggressively l...
How did Google earnings perform in Q4? What drove revenue growth across Google businesses? Live Events Why did Alphabet stock react cautiously after earnings? What does this mean for Google stock going forward? FAQs as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Alph...
How did Google earnings perform in Q4? What drove revenue growth across Google businesses? Live Events Why did Alphabet stock react cautiously after earnings? What does this mean for Google stock going forward? FAQs as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Alphabet delivered a stronger-than-expected fourth-quarter earnings report, driven by solid growth across Search, advertising and Google Cloud. The numbers beat Wall Street forecasts and highlighted the resilience of Google’s core businesses. Still, investor enthusiasm was tempered by eye-catching capital spending plans for 2026 that raised fresh questions about margins and near-term stock performance.Alphabet reported quarterly revenue of $113.8 billion and earnings of $2.82 per share, representing year-over-year growth of 17% and 31%, respectively. The results comfortably beat FactSet estimates of $111.3 billion in revenue and $2.63 EPS. For the full year 2025, Alphabet generated $402.8 billion in revenue with earnings of $10.81 per share, also exceeding expectations, as per several reports by IBD, InvestingLive, Forbes etc.The strong performance was led by Google Services and Google Cloud, both of which showed accelerating momentum. Alphabet said its results reflected “strong momentum” across its businesses, reinforcing confidence in its core revenue engines despite a competitive digital advertising environment.Google Services revenue rose 14% to $95.8 billion, supported by broad strength in advertising. Search and Other revenue came in ahead of forecasts, underscoring the durability of Google’s search advertising model. While advertising was broadly solid, YouTube Ads revenue fell slightly short of expectations, pointing to more cautious advertiser spending in video formats.Google Cloud stood out as the clear growth leader. Cloud revenue surged 48% year over year to $17.7 b...
adamkaz Crown Castle ( CCI ) stock slid 7.1% in Wednesday after-hours trading after the REIT's outlook for 2026 adjusted EBITDA disappointed. It also announced that it's cutting about a fifth of its tower and corporate workforce. The telecom infrastructure REIT expects 2026 AFFO per share of $4.38-$4.49 (midpoint of $4.43 vs. $4.42 consensus), compared with $4.36 reported for 2025. Adjusted EBITDA...
adamkaz Crown Castle ( CCI ) stock slid 7.1% in Wednesday after-hours trading after the REIT's outlook for 2026 adjusted EBITDA disappointed. It also announced that it's cutting about a fifth of its tower and corporate workforce. The telecom infrastructure REIT expects 2026 AFFO per share of $4.38-$4.49 (midpoint of $4.43 vs. $4.42 consensus), compared with $4.36 reported for 2025. Adjusted EBITDA is anticipated to be $2.665B-$2.715B (midpoint of $2.69B vs. the Visible Alpha consensus of $2.84B) vs. $2.86B reported in 2025. "When excluding DISH revenues and the impact of Sprint Cancellations, our full year 2026 outlook includes organic growth of 3.5%, which compares to 3.8% in full year 2025 on a comparable basis," said President and CEO Chris Hillabrant. As the company works to close its fiber business sale in the first half of 2026, it's reducing its tower and corporate workforce by ~20%, which, when combined with other cost cuts, will result in ~$65M in annualized cost savings. "We are also reaffirming our capital allocation framework and remain committed to our dividend, which we expect to maintain at $4.25 per share on an annualized basis," the CEO added. Q4 AFFO per share of $1.12, topping the average analyst estimate of $0.96, was unchanged from $1.12 in Q3 and declined from $1.20 in Q4 2024. Q4 site rental revenue of $1.02B, vs. the Visible Alpha estimate of $1.01B, edged up from $1.01B in the previous quarter and fell from $1.07B in the year-ago period. Adjusted EBITDA of $718M, vs. the $702M Visible Alpha consensus, unchanged from $718M in Q3 and down from $777M in Q4 2024. Crown Castle ( CCI ) expects to buy back ~$1B of shares and repay ~$7B of debt after its fiber business sale closes, which is assumed to occur on June 30, 2026. More on Crown Castle Crown Castle Inc. (CCI) Presents at UBS Global Media and Communications Conference 2025 Transcript Why This Quarter May Be Better Than You Think By Crown Castle Crown Castle FFO of $1.01 beats by $0.05, reve...
男子涉企圖行刺特朗普判囚終身 官：精心策劃 特朗普發文讚揚裁決 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】2024年美國總統大選前，在佛羅里達州高爾夫球場企圖行刺共和黨候選人特朗普的男子勞斯被判終身監禁，法官...
男子涉企圖行刺特朗普判囚終身 官：精心策劃 特朗普發文讚揚裁決 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】2024年美國總統大選前，在佛羅里達州高爾夫球場企圖行刺共和黨候選人特朗普的男子勞斯被判終身監禁，法官指他精心策劃犯案，特朗普發文讚揚裁決。 被告勞斯去年9月被陪審團裁定合共五項罪名全部成立，包括企圖暗殺重要總統候選人，以及兩項與槍械相關控罪等，宣判後他在庭上試圖以利器自殘，一度引發混亂。聯邦法官坎農在判詞指，勞斯曾多次在案發地點和特朗普的住所附近出現，更在球場埋伏近10小時，證明勞斯是有預謀，精心策劃要奪取他人生命，漠視法律，強調勞斯不惜一切代價，要殺害任何與自己理念不同的人，被捕後亦毫無悔意。 又指勞斯犯案累累，至少有36項，包括非法持有槍械和盜竊等記錄，不認同辯方律師指勞斯本性善良，非常關心他人福祉的說法，形容勞斯長期無視社會規範。 勞斯在庭上發言，形容自己失敗，又說判刑已經不重要，因為死刑不是選項，他原先預備了20頁的筆記發言，但被法官認為與案件無關而中止。最終坎農採納控方要求，判處勞斯終身監禁、不得假釋，代表律師則稱計劃就定罪和刑期提出上訴。 59歲的勞斯前年9月、即是美國總統大選前不足兩個月，在佛羅里達州的高爾夫球場企圖用半自動步槍行刺特朗普被捕。
Digi International press release ( DGII ): Q3 Non-GAAP EPS of $0.56 beats by $0.01 . Revenue of $122M (+13.0% Y/Y) beats by $6.37M . Shares -13.10% . Second Fiscal Quarter & Full Year Fiscal 2026 Guidance The expansion of software applications and AI adoption continues to drive demand for hardware-enabled software solutions that address our customers’ most critical business needs. Our focus remain...
Digi International press release ( DGII ): Q3 Non-GAAP EPS of $0.56 beats by $0.01 . Revenue of $122M (+13.0% Y/Y) beats by $6.37M . Shares -13.10% . Second Fiscal Quarter & Full Year Fiscal 2026 Guidance The expansion of software applications and AI adoption continues to drive demand for hardware-enabled software solutions that address our customers’ most critical business needs. Our focus remains on delivering solutions that generate recurring revenue streams and create sustained value for customers well beyond the initial device purchase. We see continued growth and evolution in the Industrial Internet of Things market, reinforcing our confidence in achieving $200 million in both ARR and Adjusted EBITDA over the next three years. Strategic acquisitions aligned with these objectives could accelerate our path to these targets. The market dynamics favor Digi’s solutions as customers increasingly recognize that legacy 'set it and forget it' approaches no longer meet their operational requirements. Organizations are prioritizing connectivity and software capabilities as fundamental enablers of their strategic initiatives. For fiscal 2026, our guidance reflects both our operational outlook and the January 2026 acquisition of Particle. We anticipate ARR growth of 23%, revenue growth of 14%-18%, and Adjusted EBITDA growth of 17-21%. The impact of Particle and its expected synergies to this guide is approximately $20 million to $22 million in ARR, $13 million to $14 million in Revenue, and $1 million to $2 million in Adjusted EBITDA. After capturing synergies, we expect Particle to contribute $5M to our FY27 Adjusted EBITDA. Particle will be integrated into our IoT P&S Segment and will not be reported on a stand-alone basis. For the second fiscal quarter, revenues are estimated to be $124 million to $128 million. Adjusted EBITDA is estimated to be between $31.5 million and $33.0 million. New for fiscal 2026, we are including interest expense in our Adjusted net income per...
Getty Images Relative to many semiconductor companies, I wouldn’t call Texas Instruments ( TXN ) particularly acquisitive, but management has been willing to pay up to acquire strategically valuable assets. I believe they’re doing the same again with the acquisition of Silicon Labs ( SLAB ), and as was the case with the acquisitions of Burr-Brown and National Semiconductor, I think the initial ang...
Getty Images Relative to many semiconductor companies, I wouldn’t call Texas Instruments ( TXN ) particularly acquisitive, but management has been willing to pay up to acquire strategically valuable assets. I believe they’re doing the same again with the acquisition of Silicon Labs ( SLAB ), and as was the case with the acquisitions of Burr-Brown and National Semiconductor, I think the initial angst over the price paid will eventually prove overheated relative to what TI ultimately does with the assets. While I see the logic of the SLAB deal, and I was positive on the shares before this announcement, TI didn’t appear attractively valued before this deal and isn’t now. At best, I can say that TI’s price today is reasonable and that there is still worthwhile leverage here to the expected semiconductor upturn in 2026-2028. For SLAB shareholders, this is full value and then some, so I wouldn’t be all that upset about having to figure out the next destination for the cash that will be coming in from TI. The Deal While SLAB has been considered a buyout candidate from time to time, I don’t think anybody had a TI-SLAB tie-up on their bingo card, but that’s what the two companies announced on the morning of February 4. TI agreed to purchase SLAB for $231/share in cash, a 69% premium to the prior day’s close and a $7.5B enterprise value for a company that I expect to generate around $1.3B in revenue in 2028 with a high-teens to low-20%s operating margin. The purchase price also works out to around 59x ’27 EPS estimates, a substantial premium over the 41x average valuation of the last five years. A CNBC report claimed this was a competitive bidding process, and given the steep price that TI is paying, a rival bid seems unlikely. The deal should also require Chinese approval; while there isn’t anything about the deal that should trigger regulatory concerns, the reality of geopolitics today is that deals like this can get held up if there is another round of political squabbling...
ithinksky/E+ via Getty Images U.S. soybean futures rallied Wednesday after President Trump said China agreed to increase soybean purchases from the U.S. to 20M tons in the current season, up from 12M tons previously. CBOT soybeans ( S_1:COM ) for March delivery settled +2.5% to $10.92 per bushel, the highest level in nearly two months, while March corn ( C_1:COM ) ended +0.1% at $4.29 per bushel a...
ithinksky/E+ via Getty Images U.S. soybean futures rallied Wednesday after President Trump said China agreed to increase soybean purchases from the U.S. to 20M tons in the current season, up from 12M tons previously. CBOT soybeans ( S_1:COM ) for March delivery settled +2.5% to $10.92 per bushel, the highest level in nearly two months, while March corn ( C_1:COM ) ended +0.1% at $4.29 per bushel and wheat ( W_1:COM ) for March delivery finished -0.4% at $5.26 3/4 per bushel. During a call with China's President Xi, the two countries discussed "lifting the Soybean count to 20 Million Tons for the current season," Trump said in a Truth Social post. The purchase of an additional 8M tons of soybeans by China would equate to ~294M bushels, or nearly all the soybeans the U.S. Department of Agriculture expects to be left over from last year's harvest, which the USDA pegged at 350M bushels in its world supply and demand report last month. It is not clear how soon the increase would materialize, as the current marketing year for soybeans does not end until September. ETFs: ( SOYB ), ( CORN ), ( WEAT ), ( DBA ), ( MOO ) More on U.S. grain futures Commodities: Markets Poised For A Risk-Off Day Commodities: Iranian Supply Risks Ease, But Have Not Disappeared Commodities: Lingering Supply Risks Provide Tailwinds To Oil
Qualcomm (QCOM) issues Q2 FY26 earnings forecast due to memory chip supply constraints Qualcomm is anticipating a reduction in handset manufacturing due to the increasing demand for memory in AI data centers. The ongoing RAM shortage that some consumers may have noticed over the past few months does not appear like it will be ending anytime soon. While Qualcomm (QCOM) does not anticipate problems ...
Qualcomm (QCOM) issues Q2 FY26 earnings forecast due to memory chip supply constraints Qualcomm is anticipating a reduction in handset manufacturing due to the increasing demand for memory in AI data centers. The ongoing RAM shortage that some consumers may have noticed over the past few months does not appear like it will be ending anytime soon. While Qualcomm (QCOM) does not anticipate problems in the long-term, the company is acknowledging that it will feel an impact in the near future. As part of Wednesday's Q1 2026 earnings report, Qualcomm issued cautionary guidance for the next quarter as a result of this continuing memory shortage. "While our near-term handsets outlook is impacted by industry-wide memory supply constraints, we are encouraged by end-consumer demand for premium and high tier smartphones, and remain on track to achieve our fiscal 2029 revenue goals," Qualcomm President/CEO Cristiano Amon said in the Qualcomm Q1 2026 earnings report. While Qualcomm recorded a quarterly revenue figure of $12.252 billion USD for Q1 2026, the guidance number for the next quarter is significantly lower. The company is estimating Q2 2026 revenue in the range of $10.2 to $11.0 billion, which takes memory supply constraints and continuing demand for new handsets into consideration. Qualcomm notes that the demand for memory is being driven by the AI sector. Qualcomm previously announced plans to AI chips to compete with AMD and NVIDIA. We'll have more on Wednesday's earnings from Qualcomm, along with several other companies, throughout the day here at Shacknews. Shacknews staff does not use generative artificial intelligence (AI) in their content. Shacknews strictly prohibits the use of its content for AI training or to generate text, including text in the style or format used for this publication. Shacknews reserves all rights to this work.
Victory Capital press release ( VCTR ): Q4 Non-GAAP EPS of $1.78 beats by $0.12 . Revenue of $374.1M (+61.0% Y/Y) beats by $0.89M . Shares -0.10% . More on Victory Capital Victory Capital Holdings, Inc. (VCTR) Q3 2025 Earnings Call Transcript Victory Capital Holdings, Inc. 2025 Q3 - Results - Earnings Call Presentation Victory Capital Q4 2025 Earnings Preview Victory Capital reports November 2025 ...
Victory Capital press release ( VCTR ): Q4 Non-GAAP EPS of $1.78 beats by $0.12 . Revenue of $374.1M (+61.0% Y/Y) beats by $0.89M . Shares -0.10% . More on Victory Capital Victory Capital Holdings, Inc. (VCTR) Q3 2025 Earnings Call Transcript Victory Capital Holdings, Inc. 2025 Q3 - Results - Earnings Call Presentation Victory Capital Q4 2025 Earnings Preview Victory Capital reports November 2025 total client assets Seeking Alpha’s Quant Rating on Victory Capital
In trading on Wednesday, shares of Formula Systems (1985) Ltd (Symbol: FORTY) crossed below their 200 day moving average of $135.01, changing hands as low as $132.38 per share. Formula Systems (1985) Ltd shares are currently trading down about 20.1% on the day. The chart below shows the one year performance of FORTY shares, versus its 200 day moving average: Looking at the chart above, FORTY's low...
In trading on Wednesday, shares of Formula Systems (1985) Ltd (Symbol: FORTY) crossed below their 200 day moving average of $135.01, changing hands as low as $132.38 per share. Formula Systems (1985) Ltd shares are currently trading down about 20.1% on the day. The chart below shows the one year performance of FORTY shares, versus its 200 day moving average: Looking at the chart above, FORTY's low point in its 52 week range is $82.52 per share, with $190.5599 as the 52 week high point — that compares with a last trade of $132.38. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
homeworks255/iStock via Getty Images Flexsteel Industries, Inc. ( FLXS ) has reported fiscal Q2 2026 (calendar Q4 2025) results. On the surface, the results show a continuation of previous positive trends, growing 9%, the 9th consecutive quarter of YoY top line growth, combined with gross margin and operating margin expansion. However, analyzing in more detail, the totality of the increment in rev...
homeworks255/iStock via Getty Images Flexsteel Industries, Inc. ( FLXS ) has reported fiscal Q2 2026 (calendar Q4 2025) results. On the surface, the results show a continuation of previous positive trends, growing 9%, the 9th consecutive quarter of YoY top line growth, combined with gross margin and operating margin expansion. However, analyzing in more detail, the totality of the increment in revenues, a big part of the increment in gross margins, and potentially of operating income, was caused by tariff surcharges and FIFO accounting. The company recognized challenges in margins in H2 2026 and has not provided guidance. Flexsteel is not expensive, trading at a ~7x earnings multiple when removing net cash from its market cap. The forward multiple is potentially lower on margin and top line pressure from tariffs, but the economy might also turn more positive on lower rates. I believe the name is fairly valued, but not a screaming buy. I maintain a constructive Hold. Positive headline results Read from the income statement alone, the company's results for FQ2 2026 remain very positive, even excellent. Revenues grew 9% at a time when all industries related to housing are having challenges. This is the 9th quarter of positive comps for the company, already a "trend" and no longer a bounce from previous post-pandemic declines. Furthermore, gross margins expanded almost 1.7pp, and operating income expanded by almost $2.3 million YoY (35% YoY) when adjusting for a non-recurring property sale line last year. Underlying stagnation and headwinds As commented on in my previous article on FLXS, the company had already warned that part of the revenue and margin gains in H1 2026 came from tariff surcharges applied to new sales, which were compared to "undervalued" CoGS because of FIFO accounting. The company also commented that because of higher tariffs starting in 2026 (calendar), visibility was complex, and therefore, providing revenue or margin guidance was not possible. Thos...
Tricolor Holdings founder Daniel Chu , who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge Michelle V. Larson agreed during a Dallas court hearing to free $5 million in so-called directors and officers insurance to pay legal bills for C...
Tricolor Holdings founder Daniel Chu , who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge Michelle V. Larson agreed during a Dallas court hearing to free $5 million in so-called directors and officers insurance to pay legal bills for Chu and others, including Tricolor itself, related to federal investigations of the company and its former managers. Prosecutors in New York have accused Chu of conspiring to defraud lenders and investors through various schemes, including “double-pledging” auto-loan collateral and manipulating descriptions of the loans. Chu has pleaded not guilty to the charges. Texas-based Tricolor filed for bankruptcy in September after shutting more than 60 locations across Texas and the US Southwest. Larson sided with Chu over the insurance proceeds, rejecting a request from the trustee overseeing Tricolor’s liquidation to cap how much he could receive. The trustee had argued that no single party should be be able to use up more than 10% of the policy. The judge declined to release two other policies that would cover $10 million in similar claims. Any Tricolor former manager who wants access to those policies must file a new request to free up the additional insurance, she said. Criminal and regulatory investigations of Tricolor’s collapse are likely to eat up all of the company’s $15 million in director and officer insurance, Larson said in court. To control distribution of the proceeds, Tricolor and others who are covered by the insurance will have a chance to object to any payout. Those objections would first be considered by the insurance company. If the dispute cannot be resolved, Larson said she would decide whether the claim was legitimate. The bankruptcy case is Tricolor Holdings, LLC, 25-33487, US Bankruptcy Court, Northern District of Texas (Dallas). The criminal case is US v ...
Paying tribute, a statement from the BBC soap said: "Those that worked with Elizabeth at EastEnders will remember her fondly for her warmth and kindness, and our love and thoughts are with Elizabeth's family and friends."
Paying tribute, a statement from the BBC soap said: "Those that worked with Elizabeth at EastEnders will remember her fondly for her warmth and kindness, and our love and thoughts are with Elizabeth's family and friends."