(RTTNews) - Century Communities, Inc. (CCS) revealed earnings for fourth quarter that Drops, from the same period last year The company's bottom line came in at $35.96 million, or $1.21 per share. This compares with $102.74 million, or $3.20 per share, last year. Excluding items, Century Communities, Inc. reported adjusted earnings of $47.10 million or $1.59 per share for the period. The company's...
(RTTNews) - Century Communities, Inc. (CCS) revealed earnings for fourth quarter that Drops, from the same period last year The company's bottom line came in at $35.96 million, or $1.21 per share. This compares with $102.74 million, or $3.20 per share, last year. Excluding items, Century Communities, Inc. reported adjusted earnings of $47.10 million or $1.59 per share for the period. The company's revenue for the period fell 3.1% to $1.233 billion from $1.273 billion last year. Century Communities, Inc. earnings at a glance (GAAP) : -Earnings: $35.96 Mln. vs. $102.74 Mln. last year. -EPS: $1.21 vs. $3.20 last year. -Revenue: $1.233 Bln vs. $1.273 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
As Asean tourism leaders met this week to discuss regional matters, observers say a common visitor visa for the bloc and aligned digital connectivity will even out tourism growth and help lagging countries like the Philippines catch up. The 63rd Asean National Tourism Organisation Meeting, held in Cebu in the Philippines on Monday, was also attended by tourism chiefs from Japan , China and South K...
As Asean tourism leaders met this week to discuss regional matters, observers say a common visitor visa for the bloc and aligned digital connectivity will even out tourism growth and help lagging countries like the Philippines catch up. The 63rd Asean National Tourism Organisation Meeting, held in Cebu in the Philippines on Monday, was also attended by tourism chiefs from Japan , China and South Korea – countries that were instrumental in boosting tourism in the region. In 2024, 20 million Chinese, 9 million South Koreans and 3 million Japanese visited the region. Further growth from these markets is expected this year. Advertisement “What we decide and coordinate in meetings like this translates into the visitor journey, competitiveness of our destinations, resilience of our enterprises and livelihoods of our communities,” Verna Buensuceso, undersecretary for the Philippines’ Department of Tourism, said in her opening remarks. Buencuseso called for interconnected tourism corridors by 2030, which she said would help showcase nature-based destinations and strengthen the Association of Southeast Asian Nations’ competitiveness as a single tourism destination. Tourists dressed in traditional Thai attire pose for souvenir photos at the Temple of Dawn in Bangkok on January 19. Photo: EPA Analysts argue inherent competition among member states would make it challenging to sell the region as a unified travel destination, but an integrated visa arrangement may help promote multi-country itineraries.
Japanese flash memory maker Kioxia Holdings Corp. said it will promote Executive Vice President Hiroo Oota to the roles of chief executive officer and president, changing leadership at a time it’s working to expand its presence in the booming memory chip market. Oota, 63, will succeed Nobuo Hayasaka , 70, who will become a senior executive adviser. The leadership change will take effect following ...
Japanese flash memory maker Kioxia Holdings Corp. said it will promote Executive Vice President Hiroo Oota to the roles of chief executive officer and president, changing leadership at a time it’s working to expand its presence in the booming memory chip market. Oota, 63, will succeed Nobuo Hayasaka , 70, who will become a senior executive adviser. The leadership change will take effect following shareholder approval at the company’s annual meeting scheduled for June. Oota has spent most of his career in the semiconductor business, having joined Toshiba Corp. in 1985. He previously served in engineering roles at Toshiba Memory Corp. , which was later renamed Kioxia. Tokyo-based Kioxia said that its board determined the time is appropriate for a transition, as the company marks the one-year anniversary of its initial public offering and looks to accelerate growth amid a surge in demand for memory chips driven by artificial intelligence.
A record wave of AI spending has boosted hardware providers like Samsung Electronics SK Hynix. Counterpoint Research Principal AI Analyst Wei Sun breaks down some of the forces propelling market moves. (Source: Bloomberg)
A record wave of AI spending has boosted hardware providers like Samsung Electronics SK Hynix. Counterpoint Research Principal AI Analyst Wei Sun breaks down some of the forces propelling market moves. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images In late October, I upgraded General Mills, Inc. ( GIS ) to a buy rating. I expressed my belief that better days were ahead, as there were some signs of stabilization and the valuation was near multiyear lows. Since then, the stock has continued to slump, as it's now down around 9% since the publication of my update. The company reported their most recent...
JHVEPhoto/iStock Editorial via Getty Images In late October, I upgraded General Mills, Inc. ( GIS ) to a buy rating. I expressed my belief that better days were ahead, as there were some signs of stabilization and the valuation was near multiyear lows. Since then, the stock has continued to slump, as it's now down around 9% since the publication of my update. The company reported their most recent results mid last month, and so today, we'll see if I have indeed jumped the gun with my upgrade. Seeking Alpha Below, it is shown that Q2 was painful but a decent quarter for the company. Organic sales declines have slowed, and they were able to beat top and bottom line expectations. The company also laid out their priorities for FY2026 that make sense, and if they are able to execute, it seems the long term outlook is solid. General Mills failed to deliver a beat and raise, but full-year guidance still shows that the worst is likely over. Especially when considering that the valuation remains at rock-bottom levels, I still see brighter days ahead for the company and for the stock. Therefore, I'm reiterating my buy rating. Q2 Sales Analysis Data by YCharts For FY2026 Q2, General Mills posted rather worrying top-line results. They had net sales of $4.861 billion, which represents a decline of 7% YoY. As you can see in the chart above, the overall downtrend in growth doesn't seem to have ended, and in fact, Q2 represented the worst sales decline in the past few years. Therefore, it seems that their business is seeing a worsening trajectory. Still, General Mills beat analyst expectations by $78.14 million, and so results were better than feared. General Mills Q2 Presentation While reported declines worsened, as a potentially encouraging sign, their organic net sales actually only decreased by 1% YoY. That is an improvement from the previous quarter's 3% decline. Since organic sales are usually a better reflection of a company's core business activity, I would say that there a...
With a partial US government shutdown looming, Senate Democrats laid out a list of demands on Wednesday for the Department of Homeland Security, including an enforceable code of conduct for federal agents conducting immigration arrests and a requirement that officers show identification as the country reels from the deaths of two protesters at the hands of federal agents in Minneapolis. It remaine...
With a partial US government shutdown looming, Senate Democrats laid out a list of demands on Wednesday for the Department of Homeland Security, including an enforceable code of conduct for federal agents conducting immigration arrests and a requirement that officers show identification as the country reels from the deaths of two protesters at the hands of federal agents in Minneapolis. It remained unclear if US President Donald Trump and Republicans would be willing to meet those demands, even as funding for DHS and a swathe of other government agencies was at risk of expiring on Saturday. Irate Democrats have pledged to block a spending bill unless their demands for reforms are met. Senate Democratic leader Chuck Schumer said on Wednesday that the legislation won’t pass until US Immigration and Customs Enforcement is “reined in and overhauled”. Advertisement “The American people support law enforcement, they support border security, they do not support ICE terrorising our streets and killing American citizens,” Schumer said. ICE agents look for someone at a home in Circle Pines, Minnesota. Photo: AFP With an uncertain path ahead, the stand-off threatened to plunge the country into another shutdown just two months after Democrats blocked a spending bill over expiring federal healthcare subsidies, a dispute that closed the government for 43 days as Republicans refused to negotiate.
By Aditya Soni and Deborah Mary Sophia Jan 29 (Reuters) - Investors responded to Big Tech earnings this week with a stark warning: they will forgive record spending that brings solid growth, but punish companies if not, showing how much the stakes have changed since ChatGPT's launch more than three years ago. Revenue at Facebook owner Meta Platforms surged 24% in the December quarter, benefiting ...
By Aditya Soni and Deborah Mary Sophia Jan 29 (Reuters) - Investors responded to Big Tech earnings this week with a stark warning: they will forgive record spending that brings solid growth, but punish companies if not, showing how much the stakes have changed since ChatGPT's launch more than three years ago. Revenue at Facebook owner Meta Platforms surged 24% in the December quarter, benefiting from online ad targeting bolstered by artificial intelligence. AI also powered a first-quarter revenue forecast that trounced estimates, showing that Meta's growing sales could fund data-center spending expected to surge as much as 87% this year to $135 billion. "Meta's headline numbers are a really interesting reflection of the market’s attitude toward spending in AI space," said John Belton, portfolio manager at Gabelli Funds. "All else equal, the market would typically be concerned, but they have a big revenue guide for the first quarter." Microsoft reported growth in its Azure cloud-computing business that was only slightly above expectations, also far lagging record quarterly spending. The disclosure that prized holding OpenAI accounts for 45% of the backlog was worrying, as some $280 billion may be at risk as the unprofitable startup loses momentum in the AI race. "Microsoft's deep ties to OpenAI underpin its leadership in enterprise AI, but they also introduce concentration risk," said Zavier Wong, market analyst at eToro. The ChatGPT creator had issued an internal "code-red" in December after Google's Gemini 3 launched to positive reviews and is playing catch-up in AI coding to Anthropic's Claude Code, which has hit an annualized run rate of more than $1 billion. Microsoft's shares fell 6.5% in after-hours trading on Wednesday, while Meta's spiked 10%. After riding its first-mover advantage with OpenAI to secure the crown of the world's most valuable firm in 2024, Microsoft is now under growing investor pressure to justify its soaring capital outlay. It predict...
Key Points Remitly is growing quickly in the overlooked remittance market. The company has rolled out new products, including a subscription that should drive growth and strengthen its competitive advantage. The stock is trading at just 5 times its 2028 EBITDA forecast. 10 stocks we like better than Remitly Global › Remittances don't get much attention from investors, but hundreds of billions of d...
Key Points Remitly is growing quickly in the overlooked remittance market. The company has rolled out new products, including a subscription that should drive growth and strengthen its competitive advantage. The stock is trading at just 5 times its 2028 EBITDA forecast. 10 stocks we like better than Remitly Global › Remittances don't get much attention from investors, but hundreds of billions of dollars are sent across borders every year from immigrants and temporary workers providing for their families and others in their home countries. Traditional players in the space include Western Union and MoneyGram, but no company is growing faster in the remittance space than Remitly Global (NASDAQ: RELY), a digital-first fintech company that has grown quickly by expanding its addressable market within remittances and adding a premium, subscription-based tier. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Remitly went public in 2021, and the stock has mostly struggled since then despite delivering consistently strong growth. The stock is down by roughly two-thirds since it listed its shares for $43. Why is Remitly down? A combination of slowing revenue growth, concerns about stricter immigration policy in the U.S., and minimal profits has weighed on the stock, even though management seems to be executing on its goals. For example, revenue rose 25% to $419.5 million on a 35% increase in send volume to $19.5 million with a lower take rate reflecting a strategic shift to expand its market. The company is now profitable on a generally accepted accounting principles (GAAP) with net income of $8.8 million in the third quarter, showing its margins are still minimal. At its Investor Day conference in December, the company gave guidance through 2028, saying it forecast revenue growth in the high teens in 2026, and sees revenue of $2.6 billion-$3 billion in 2028, implying a compound annual growth...