Image source: The Motley Fool. Tuesday, March 10, 2026 at 9 p.m. ET Call participants Chairperson and CEO — Ting Li Vice President of Finance — Alex Liu Head of Investor Relations — Tingzhen Xie Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Total revenue -- $581.9 million, up 7.7% quarter over quarter and 5.9% year over year, reversing the prior declining trend. -- $58...
Image source: The Motley Fool. Tuesday, March 10, 2026 at 9 p.m. ET Call participants Chairperson and CEO — Ting Li Vice President of Finance — Alex Liu Head of Investor Relations — Tingzhen Xie Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Total revenue -- $581.9 million, up 7.7% quarter over quarter and 5.9% year over year, reversing the prior declining trend. -- $581.9 million, up 7.7% quarter over quarter and 5.9% year over year, reversing the prior declining trend. Live streaming revenue -- $394.4 million, up 1.5% quarter over quarter, marking a third straight sequential increase and a return to positive momentum. -- $394.4 million, up 1.5% quarter over quarter, marking a third straight sequential increase and a return to positive momentum. BIGO Ads revenue -- $128.1 million, up 61.5% year over year and 23.3% quarter over quarter, with third-party Audience Network revenue up 82.5% year over year and 27.3% quarter over quarter. -- $128.1 million, up 61.5% year over year and 23.3% quarter over quarter, with third-party Audience Network revenue up 82.5% year over year and 27.3% quarter over quarter. Non-live streaming revenue mix -- 32.2% share of group revenue, increasing from 23.1% in the comparable prior period. -- 32.2% share of group revenue, increasing from 23.1% in the comparable prior period. Non-GAAP operating profit -- $40.8 million for the period; full-year non-GAAP operating income reached $150.8 million, up 10.8% year over year. -- $40.8 million for the period; full-year non-GAAP operating income reached $150.8 million, up 10.8% year over year. Operating cash flow -- $116 million in the quarter and $305 million for the full year, supporting capital return activities. -- $116 million in the quarter and $305 million for the full year, supporting capital return activities. Net cash balance -- $3.26 billion as of December 31, 2025, underscoring JOYY's liquidity position. -- $3.26 billion as of December 31, 2025, underscoring J...
Arsenal might have ended their 22-year wait to the win the title, but is there any metric by which the Gunners wouldn't have been champions? Very few people would suggest Arsenal were not worthy champions, so is there some insight for us to gain by assessing the performances of all 20 teams in alternative ways? Just for fun, BBC Sport and Opta have crunched all the numbers to find out.
Arsenal might have ended their 22-year wait to the win the title, but is there any metric by which the Gunners wouldn't have been champions? Very few people would suggest Arsenal were not worthy champions, so is there some insight for us to gain by assessing the performances of all 20 teams in alternative ways? Just for fun, BBC Sport and Opta have crunched all the numbers to find out.
US natural gas futures increased as producers reduced output over the US holiday weekend and more domestic gas supplies flowed to liquefied natural gas export terminals on the Gulf Coast. Some of those facilities had previously lowered capacity to perform seasonal maintenance, pushing more gas into the domestic market. Price gains are likely limited by a cool shift in weather forecasts. Below-aver...
US natural gas futures increased as producers reduced output over the US holiday weekend and more domestic gas supplies flowed to liquefied natural gas export terminals on the Gulf Coast. Some of those facilities had previously lowered capacity to perform seasonal maintenance, pushing more gas into the domestic market. Price gains are likely limited by a cool shift in weather forecasts. Below-average temperatures are expected in Eastern US population centers at the beginning of the so-called summer cooling season, when consumers crank up air-conditioning and in turn drive up gas-fired electricity demand. Lower cooling demand could allow for more gas to be put into storage. Futures for June delivery +5.6c, or +1.9%, to $2.963/mmbtu on Nymex, as of 9:17am ET The more active July contract +5.3c, or 1.8%, to $3.074/mmbtu June futures expire on May 27 Weather: Forecasts shifted cooler, with below-average temperatures expected across California through May 30 and the Eastern US from May 31 to June 4: Commodity Weather Group See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Tuesday ~110.6 bcf/day, or +3.1% y/y Down by 0.4% from a week earlier Lower-48 total gas demand on Tuesday ~66.6 bcf/day, or +6.8% y/y Dry gas exports to Mexico on Tuesday ~7.8 bcf/day, or -3.9% w/w Estimated gas flows to LNG export terminals on Tuesday ~18.4 bcf/day, or +8.8% w/w Gas Market News: Europe Gas Prices Rise as Strikes in Hormuz Cloud Deal Outlook LNG WRAP: S. Asia Imports Increase as Supply Pulled From Europe China LNG Imports Hint at Recovery in May: BNEF Chart Natural Gas Deliveries to US LNG Export Terminals: BNEF
Palestinian shepherd Sameeha Rasheed was planning for the sacred ritual of sacrificing her family’s sheep for the Eid al-Adha holiday, one of the holiest occasions in Islam, but West Bank Jewish settlers stole them in a predawn raid, she said. Instead of celebrating, Rasheed has been left with nothing and has also been deprived of the income she would have received from selling the sheep not used ...
Palestinian shepherd Sameeha Rasheed was planning for the sacred ritual of sacrificing her family’s sheep for the Eid al-Adha holiday, one of the holiest occasions in Islam, but West Bank Jewish settlers stole them in a predawn raid, she said. Instead of celebrating, Rasheed has been left with nothing and has also been deprived of the income she would have received from selling the sheep not used by her family. The settlers stole around 45 sheep from her home in Masafer Yatta, a collection of Palestinian hamlets near Hebron, she said. Before the theft, they stole the family’s guard dogs, so no one was alerted when the men broke in before dawn on Thursday and herded the animals away. Advertisement “This is our livelihood, my husband and I live from the income from these sheep. I don’t have anything to get treatment for my husband or spend on myself,” said Rasheed, whose husband has cancer. A vendor displays stuffed sheep toys outside his shop on the eve of the Eid al-Adha in the Israeli-occupied West Bank city of Nablus on Tuesday. Photo: AFP Eid al-Adha, one of Islam’s two main festivals, marks the climax of the annual haj pilgrimage, when Muslims slaughter animals to commemorate the willingness of Ibrahim, or Abraham, to sacrifice his son on God’s command, often distributing meat to the poor.
Strive ( ASST ) purchased 1,109 bitcoins at an average price of roughly $76,989 per coin during the period from May 19, 2026 through May 22, 2026. The latest acquisition increased the company’s bitcoin holdings to 16,500 BTC, making Strive the seventh-largest publicly traded corporate holder of bitcoin. Strive also reported cash and cash equivalents of $93.3M, up from $87.3M, while the fair value ...
Strive ( ASST ) purchased 1,109 bitcoins at an average price of roughly $76,989 per coin during the period from May 19, 2026 through May 22, 2026. The latest acquisition increased the company’s bitcoin holdings to 16,500 BTC, making Strive the seventh-largest publicly traded corporate holder of bitcoin. Strive also reported cash and cash equivalents of $93.3M, up from $87.3M, while the fair value of its holdings in Strategy Inc.’s ( MSTR ) STRC preferred stock edged above $50M. The company said it is evaluating a near-term refresh of the at-the-market programs on its Class A common stock and SATA Stock. ASST shares rose nearly 3% premarket. Meanwhile, Bitcoin ( BTC-USD ) was trading at $76.7K. More on Asset Entities Strive Asset Management: Sustained Dip Reflects Flawed Bitcoin As A Treasury Push BitFuFu sees lowest short interest in April among small and microcap firms Strive initiated with Buy at TD Cowen Historical earnings data for Asset Entities Financial information for Asset Entities
bauhaus1000/E+ via Getty Images Bain Capital Specialty Finance ( BCSF ) is trading at a deep discount with a large double-digit dividend yield that's seen its coverage from net investment income ("NII") remain at 100% even as NII dipped on both on a sequential and year-over-year basis. BCSF generated fiscal 2026 first quarter NII of $0.42 per share , down around $0.04 per share sequentially and fr...
bauhaus1000/E+ via Getty Images Bain Capital Specialty Finance ( BCSF ) is trading at a deep discount with a large double-digit dividend yield that's seen its coverage from net investment income ("NII") remain at 100% even as NII dipped on both on a sequential and year-over-year basis. BCSF generated fiscal 2026 first quarter NII of $0.42 per share , down around $0.04 per share sequentially and from $0.50 per share in the year-ago comp. The BDC last declared a quarterly cash dividend of $0.42 per share , maintained from its prior distribution, and $1.68 per share annualized for a 12.72% dividend yield. Hence, there has been a dip in BCSF's coverage of the base dividend, with coverage of 100% in the first quarter, down from 109.5% in the fourth quarter. It's also down from 119% in the year-ago period. The risk is that the dip is maintained through 2026, pushing coverage into a negative zone that portends a cut. I last covered the ticker with a Hold rating in December. Bain Capital Specialty Finance Fiscal 2026 First Quarter Presentation Bain Capital Specialty Finance Fiscal 2026 First Quarter Earnings Call BCSF's management indicated during the first quarter earnings call that it could see the ongoing dividend being maintained, but that they will evaluate the distribution every quarter. Why has NII been dropping? A compression of the yield BCSF earns on its broadly floating rate investment portfolio on the back of falling prime rates. BCSF's weighted average yield at fair value was 10.9% during the first quarter, a dip of 60 basis points from 11.5% in the year-ago comp. The BDC's total investment portfolio was $2.47 billion at fair value as of the end of the first quarter, only 0.2% higher than the year-ago period. The portfolio was down around 1.5% from $2.51 billion in the fourth quarter. This dynamic has defined the dip in NAV, with BCSF's originations essentially being kept at a modest cadence. To be clear, BCSF is originating enough volume to maintain but not gr...
sefa ozel/E+ via Getty Images Everpure ( P ), formerly Pure Storage, is expected to surpass estimates and increase its guidance, due in part to NAND pricing, when it releases its first quarter fiscal 2027 financial results post-market on Wednesday, May 27, according to Wedbush. Shares were edging higher during early trading on Tuesday. "Again, in the intermediate term, we believe rising NAND prici...
sefa ozel/E+ via Getty Images Everpure ( P ), formerly Pure Storage, is expected to surpass estimates and increase its guidance, due in part to NAND pricing, when it releases its first quarter fiscal 2027 financial results post-market on Wednesday, May 27, according to Wedbush. Shares were edging higher during early trading on Tuesday. "Again, in the intermediate term, we believe rising NAND pricing plays to Pure's NAND/memory cost advantage," Wedbush analysts said in a Tuesday investor report. "Specifically, P's architecture allows the company to use lower-cost (often consumer grade) bits, avoid over-provisioning, and, in some configurations, minimize DRAM consumption. We believe together these advantages explain much of Pure's sustainable product GM advantage vs. the rest of the industry." Wedbush reiterated its Outperform rating and $100 price target. "Regardless of how management chooses to deal with guidance, we believe Pure's strong sourcing setup and structural cost advantages position the company to substantially exceed the prior outlook, particularly in the 2H, given Pure's original guidance suggests sales momentum should slow considerably (our model has product growth slowing to the mid-teens), whereas even stable bit shipments (and we believe typically P's bits grow by at least around mid-double digits) would suggest revenue growth of 70%+," Wedbush noted. "And we see increased probability of another hyperscale win as just another potential positive for the story moving forward." A consensus estimate expects Everpure to report adjusted earnings per share of $0.40 and GAAP EPS of $0.05. Revenue is expected to be $1B. During the same quarter in fiscal 2026, Everpure reported adjusted EPS of $0.29 on revenue of $778.5M. More on Everpure Everpure Q1 Preview: Will Keep Riding The AI Hype, But Priced For Perfection Everpure Q1 Earnings Preview: Further Price Increases And Hyperscale Capex Boost Everpure (PSTG) Pure Storage, Inc. Presents at Morgan Stanley Techn...
Kenneth Cheung Dropbox ( DBX ) has shuffled its executive ranks, as the cloud storage company announced on Tuesday that co-founder Drew Houston will eventually step down as CEO. Dropbox General Manager Ashraf Alkarmi will be co-CEO, along with Houston, effective today. Houston will remain as co-CEO for a period of time to help Alkarmi with the transition, and then he will become Dropbox's Executiv...
Kenneth Cheung Dropbox ( DBX ) has shuffled its executive ranks, as the cloud storage company announced on Tuesday that co-founder Drew Houston will eventually step down as CEO. Dropbox General Manager Ashraf Alkarmi will be co-CEO, along with Houston, effective today. Houston will remain as co-CEO for a period of time to help Alkarmi with the transition, and then he will become Dropbox's Executive Chairman. Shares fell 1.5% in premarket trading. “I’m grateful for the opportunity to lead Dropbox,” said Alkarmi in a filing . “Since joining, I’ve been energized by the trust customers place in us as a home for their most important work, and by how much further we can take that. AI is changing what’s possible, and our customers are going to see a very different Dropbox – faster, smarter, and built around the way they actually work. I couldn’t be more excited about what’s ahead.” “Ashraf has transformed our core business,” Houston added. “He’s made courageous calls, placed smart bets, and the business continues to get stronger every quarter. He’s the leader I trust most to guide Dropbox through our next chapter, and I look forward to working alongside him as co-CEO.” In connection with his new role, Alkarmi entered into a new agreement with Dropbox. Effective June 1, he will receive an annual base salary of $825,000 per year and will continue to be eligible to participate in Dropbox's cash bonus plan, at an annual performance-based target of 100% of his base salary. He will also receive restricted stock units covering shares of Dropbox's Class A common stock with a value of $12.65M. The RSUs will vest over four years, with vesting dates on February 15, May 15, August 15, and November 15. In addition, Dropbox announced that Michael Torres will be its new Chief Product Officer, effective July 7. He formerly worked at Alphabet ( GOOG ) ( GOOGL ) and Amazon ( AMZN ). Dropbox also reiterated that it expects its second quarter 2026 and fiscal year 2026 financial results to be ...
Source: seekingalpha 1D 5D 1M 3M 6M YTD 1Y 5Y Custom 1D Time Range Selector Custom Line Candle Analyst Views on MU Wall Street analysts forecast MU stock price to fall 26 Analyst Rating Wall Street analysts forecast MU stock price to fall 24 Buy 2 Hold 0 Sell Strong Buy Current : 751.000 Low 235.00 Averages 336.12 High 500.00 Current : 751.000 Low 235.00 Averages 336.12 High 500.00 Mizuho Outperfo...
Source: seekingalpha 1D 5D 1M 3M 6M YTD 1Y 5Y Custom 1D Time Range Selector Custom Line Candle Analyst Views on MU Wall Street analysts forecast MU stock price to fall 26 Analyst Rating Wall Street analysts forecast MU stock price to fall 24 Buy 2 Hold 0 Sell Strong Buy Current : 751.000 Low 235.00 Averages 336.12 High 500.00 Current : 751.000 Low 235.00 Averages 336.12 High 500.00 Mizuho Outperform maintain $740 -> $800 2026-05-19 Reason Mizuho Price Target $740 -> $800 AI Analysis 2026-05-19 maintain Outperform Reason Mizuho raised the firm's price target on Micron to $800 from $740 and keeps an Outperform rating on the shares. The firm upped price targets in the semiconductor space after analyzing the impact of AI data centers on the analog and memory markets. Channel checks show analog continues to see tailwinds from AI server ramps while memory continues to see tailwinds across NAND and DRAM from AI server demand, the analyst tells investors in a research note. Mizuho expects supply to remain tight into the first half of 2027 and highlights that a potential Samsung strike is looming. Melius Research Buy maintain $700 2026-05-18 Reason Melius Research Price Target $700 2026-05-18 maintain Buy Reason Melius Research raised the firm's price target on Micron (MU) to $1,100 from $700 and keeps a Buy rating on the shares. While stating that "nothing really emerged as incrementally good from Trump going to China," the analyst feels "incrementally good" about memory and AI semiconductor makers, raising long-term estimates and targets for all of the firm's Buy-rated "bottleneck stocks, including Micron, Sandisk (SNDK), AMD (AMD), Intel (INTC), and Marvell (MRVL), as well as Hold-rated Qualcomm (QCOM). The firm continues to believe that semis take market cap, or at least upside, from traditional software companies and non-semis in the Mag 7 long-term, the analyst added. Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for MU Unlock Now See All Rati...
NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price lifted by investment analysts at Rothschild & Co Redburn from $280.00 to $300.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a "buy" rating on the computer hardware maker's stock. Rothschild & Co Redburn's target price indicates a potential upside of 39.32% from the company's previous close. Other res...
NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price lifted by investment analysts at Rothschild & Co Redburn from $280.00 to $300.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a "buy" rating on the computer hardware maker's stock. Rothschild & Co Redburn's target price indicates a potential upside of 39.32% from the company's previous close. Other research analysts have also issued reports about the stock. Benchmark reissued a "buy" rating and set a $335.00 price target (up from $250.00) on shares of NVIDIA in a research report on Thursday. Daiwa Securities Group upped their price objective on shares of NVIDIA from $215.00 to $255.00 and gave the stock an "outperform" rating in a research report on Friday. Wells Fargo & Company reiterated an "overweight" rating and issued a $315.00 price objective (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Wolfe Research reissued an "outperform" rating and set a $275.00 target price on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Barclays restated an "overweight" rating on shares of NVIDIA in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $303.96. Get NVIDIA alerts: Sign Up Check Out Our Latest Analysis on NVDA NVIDIA Price Performance Shares of NASDAQ:NVDA opened at $215.33 on Tuesday. The business's 50 day moving average is $196.74 and its 200 day moving average is $189.05. NVIDIA has a 12-month low of $129.16 and a 12-month high of $236.54. The stock has a market cap of $5.21 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 0.67 and a beta of 2.25. The company has a quick ratio of 3.24, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. NVIDIA (NASDAQ:...
This article first appeared on GuruFocus. Taiwan Semiconductor Manufacturing (NYSE:TSM) Vice President Tzu-Sou Chuang sold 200,000 shares of the company on the open market at $69.83 each. The transaction was valued at roughly $13.96 million and reduced his direct stake by about 7.4% to 2.49 million shares. In a separate filing, Taiwan Semiconductor Vice President Bor-Zen Tien reported purchasing 2...
This article first appeared on GuruFocus. Taiwan Semiconductor Manufacturing (NYSE:TSM) Vice President Tzu-Sou Chuang sold 200,000 shares of the company on the open market at $69.83 each. The transaction was valued at roughly $13.96 million and reduced his direct stake by about 7.4% to 2.49 million shares. In a separate filing, Taiwan Semiconductor Vice President Bor-Zen Tien reported purchasing 2,000 shares at $69.91 apiece for a total investment of about $139,810. Following the purchase, Tien directly held 11,346 shares of the chipmaker. The filings, submitted to the U.S. Securities and Exchange Commission, did not provide reasons for the transactions. Both executives remain senior leaders at Taiwan Semiconductor, and the trades appeared to be routine portfolio adjustments. Taiwan Semiconductor, the world's largest contract chip manufacturer, regularly records insider transactions that are closely monitored by investors for potential signals on management sentiment. Based on the latest filing prices, Chuang's remaining holdings are valued at about $174 million, while Tien's stake is worth roughly $793,000.
Taiwan Semiconductor Manufacturing TSM Vice President Tzu-Sou Chuang sold 200,000 shares of the company on the open market at $69.83 each. The transaction was valued at roughly $13.96 million and reduced his direct stake by about 7.4% to 2.49 million shares. In a separate filing, Taiwan Semiconductor Vice President Bor-Zen Tien reported purchasing 2,000 shares at $69.91 apiece for a total investme...
Taiwan Semiconductor Manufacturing TSM Vice President Tzu-Sou Chuang sold 200,000 shares of the company on the open market at $69.83 each. The transaction was valued at roughly $13.96 million and reduced his direct stake by about 7.4% to 2.49 million shares. In a separate filing, Taiwan Semiconductor Vice President Bor-Zen Tien reported purchasing 2,000 shares at $69.91 apiece for a total investment of about $139,810. Following the purchase, Tien directly held 11,346 shares of the chipmaker. The filings, submitted to the U.S. Securities and Exchange Commission, did not provide reasons for the transactions. Both executives remain senior leaders at Taiwan Semiconductor, and the trades appeared to be routine portfolio adjustments. Taiwan Semiconductor, the world's largest contract chip manufacturer, regularly records insider transactions that are closely monitored by investors for potential signals on management sentiment. Based on the latest filing prices, Chuang's remaining holdings are valued at about $174 million, while Tien's stake is worth roughly $793,000.
Peloton Interactive, Inc. announced on Tuesday that it appointed Sid Thacker as its new Chief Financial Officer, effective June 22, 2026. Thacker will oversee the company’s global finance operations and corporate strategy as Peloton focuses on returning to sustainable and profitable revenue growth. Sid Thacker will replace interim CFO Saqib Baig , who will continue serving as the company’s chief a...
Peloton Interactive, Inc. announced on Tuesday that it appointed Sid Thacker as its new Chief Financial Officer, effective June 22, 2026. Thacker will oversee the company’s global finance operations and corporate strategy as Peloton focuses on returning to sustainable and profitable revenue growth. Sid Thacker will replace interim CFO Saqib Baig , who will continue serving as the company’s chief accounting officer. Source: Press Release More on Peloton Peloton: Compelling Return To Growth Peloton Interactive, Inc. 2026 Q3 - Results - Earnings Call Presentation Peloton: Stability Is Here S&P SmallCap 600 to add Peloton, Universal Technical David Einhorn’s DME Capital boosts Peloton, trims DHT, among Q1 trades
The US government has joined the line of creditors impacted by alleged fraud at bankrupt autoparts maker First Brands , in this instance for accusations the company cheated on how much it should have paid on tariffs. First Brands was hit with a formal claim for $285.5 million related to allegations that it underpaid levies on parts imported from China. The figure includes a demand for penalties as...
The US government has joined the line of creditors impacted by alleged fraud at bankrupt autoparts maker First Brands , in this instance for accusations the company cheated on how much it should have paid on tariffs. First Brands was hit with a formal claim for $285.5 million related to allegations that it underpaid levies on parts imported from China. The figure includes a demand for penalties as well as the unpaid tariffs. That claim, which has not been previously reported, adds to the $11.8 billion in debts the company cannot fully repay. To pay creditors at least some of their money back, managers have proposed suing former company insiders and lenders along with founder Patrick James, who was indicted for allegedly defrauding First Brands’ financing partners. James has denied wrongdoing. The US claim is based on a whistleblower complaint filed in March 2022 in federal court in New York and made public earlier this year. That complaint was filed by Alder Wood LLC, which argues that the company imported automotive brake parts from its subsidiary in China without paying the proper amount of tariffs. As required for federal whistleblower cases filed under the US False Claims Act, the lawsuit was sealed and only the initial complaint has been made public. A representative of the US Department of Justice did not respond to a request for comment. Alder Wood claims to have detailed knowledge of the fraud, but did not disclose how it obtained the information. That lawsuit came years before First Brands collapsed into bankruptcy and lenders accused the company of widespread fraud. “The wrongdoing we alleged turns out to be the tip of the fraud iceberg,” said Mark Strauss, a lawyer representing Alder Wood. About $2.3 billion of First Brands debt is related to the company’s sale of invoices to third party so-called factors, who believed they were purchasing invoices owed by company customers, like autoparts stores, according to court records. But only $400 million of those...
ATHENS, Greece, May 26, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $10.2 million for the first quarter of 2026, compared to a net income of $29.4 million for the same period in 2025. Earnings per share, basic and diluted, for the first quarter of 2...
ATHENS, Greece, May 26, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $10.2 million for the first quarter of 2026, compared to a net income of $29.4 million for the same period in 2025. Earnings per share, basic and diluted, for the first quarter of 2026 were $0.79 and $0.26, respectively. The net income for the first quarter of 2025 included a gain of $19.5 million resulting from the sale of the vessel P. Yanbu. Revenue was $33.8 million ($31.8 million net of voyage expenses) for the first quarter of 2026, compared to $21.3 million ($19.2 million net of voyage expenses) for the same period in 2025. This increase was mainly attributable to the increase in ownership days following the delivery of the newbuilding vessels P. Massport, P. Tokyo and P. Marseille in July 2025, September 2025, and January 2026, respectively, and also of the secondhand Suezmax vessels P. Bel Air and P. Beverly Hills in December 2025, partly offset by the sale of the P. Yanbu in March 2025. Fleetwide, the average TCE rate for the first quarter of 2026 was $32,520, compared with an average rate of $30,843 for the same period in 2025. During the first quarter of 2026, net cash provided by operating activities was $23.0 million, compared with net cash provided by operating activities of $15.5 million for the first quarter of 2025. Commenting on the results of the first quarter of 2026, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “The Company had a strong start to 2026, generating revenues of $33.8 million and net income of $10.2 million during the first quarter. Revenue increased by 59% period-over-period, driven by the expansion in the average fleet to approximately eleven high-specification tankers from seven vessels in the prior-year period, reflecting a more modern fleet profile and enhanced earnings capacity. The aver...
Ireland’s cabinet agreed to put a bill to parliament that proposes a ban on the trade of goods with Israeli settlements in the occupied Palestinian territory. The Irish government has been one of the most outspoken states in the European Union on the Gaza conflict. In May 2024, Ireland was among a group of countries to recognize a Palestinian state and has tried to work with countries like Spain t...
Ireland’s cabinet agreed to put a bill to parliament that proposes a ban on the trade of goods with Israeli settlements in the occupied Palestinian territory. The Irish government has been one of the most outspoken states in the European Union on the Gaza conflict. In May 2024, Ireland was among a group of countries to recognize a Palestinian state and has tried to work with countries like Spain to raise the issue at EU level. The Israeli Settlements bill, if passed, would prohibit the import of goods from Israeli settlements in the occupied Palestinian territory. Its not clear what goods will be included in the legislation, although the government previously suggested it would exclude services. Despite domestic support for a bill, Ireland’s stance on the conflict is considered problematic by some of its allies, including the US. In a letter last year, a group of members of the US Congress raising concerns with Prime Minister Micheal Martin over the proposed ban. Several major US companies, like Apple Inc. and Eli Lilly & Co , have international bases in the small European country. Martin told reporters Tuesday that including services in the bill was “not implementable” and that it could damage Ireland given the “potential impacts on US multinationals based here back in America.” The Israeli Foreign Ministry did not immediately respond to a request for comment. While the government is moving ahead nationally, its preference is for collective EU-wide action, Foreign Minister Helen McEntee said in a statement Tuesday. Goods impacted would mostly be agricultural such as dates, citrus fruits, wine and olives along with a few other products such as textiles and cosmetics. Diplomatic relations between Ireland and Israel reached a low point when the Israeli government closed its Dublin embassy in 2024 over Ireland’s stance on the conflict. “I will seek to enact the Bill before the summer recess,” McEntee said.
alexsl Shares of BridgeBio Pharma ( BBIO ) slipped in the premarket on Tuesday after Raymond James downgraded the stock, citing the impact from the loss of exclusivity for Pfizer’s ( PFE ) heart drug Vyndamax, which rivals the company’s lead asset, Attruby. Raymond James downgraded BridgeBio ( BBIO ) to Market Perform from Outperform, arguing that the stock is unlikely to sustain upside amid incre...
alexsl Shares of BridgeBio Pharma ( BBIO ) slipped in the premarket on Tuesday after Raymond James downgraded the stock, citing the impact from the loss of exclusivity for Pfizer’s ( PFE ) heart drug Vyndamax, which rivals the company’s lead asset, Attruby. Raymond James downgraded BridgeBio ( BBIO ) to Market Perform from Outperform, arguing that the stock is unlikely to sustain upside amid increasing payor-driven risks attributed to Vyndamax LOE, even as the company diversified its revenue with multiple launches. Stabilizers of a carrier protein known as transthyretin, Attruby and Vyndamax, are indicated in the U.S. for the treatment of adults with a rare heart disorder called transthyretin amyloid cardiomyopathy (ATTR-CM). “We predict that new patient starts will become difficult beyond 2031 as we see Vyndamax generic use likely to be positioned ahead of Attruby, independent of clinician preference," analyst Martin Auster added as he removed his $89 price target on the stock. While projecting an increasingly formulary-driven market for ATTR-CM therapies over time, Auster expects formulary pressures to impact TTR stabilizers more as Vyndamax LoE nears in 2031 and beyond. “Although BBIO has effectively developed a differentiated clinical profile for Attruby among some prescribers, ongoing practices and our payer discussions suggest substantial efforts are likely to be incorporated to encourage use of the lowest-cost options,” Auster wrote. More on Pfizer, BridgeBio Pharma Pfizer: Reduced TrumpRx/Patent Risks Meet Accretive M&A Efforts - Reiterate Buy FQ1 Healthcare Dividend Roundup: Johnson & Johnson Keeps Outshining Pfizer Why Pfizer Stock Still Looks Deeply Undervalued In 2026 Pfizer begins late-stage trial for new pneumococcal shot in infants after strong Phase 2 data HHS rescinds vaccine panel charter citing 'administrative error'
Nine tech stocks are powering the enthusiasm for corporate earnings this year. The analysis: Upward earnings revisions for the tech sector this year have mostly come from memory chip names in Sandisk (SNDK), Micron (MU), Lumentum Holdings (LITE), Intel (INTC), Western Digital (WDC), and Seagate Technology (STX), according to new research from Evercore ISI strategist Julian Emanuel. These six names...
Nine tech stocks are powering the enthusiasm for corporate earnings this year. The analysis: Upward earnings revisions for the tech sector this year have mostly come from memory chip names in Sandisk (SNDK), Micron (MU), Lumentum Holdings (LITE), Intel (INTC), Western Digital (WDC), and Seagate Technology (STX), according to new research from Evercore ISI strategist Julian Emanuel. These six names have seen analyst earnings estimates increase by 50% or more for 2026. The bullish profit vibe is also evident in the consumer discretionary sector. Amazon’s (AMZN) earnings estimates have been revised higher by 10% year to date, the third-highest in its sector. However, more than 50% of the discretionary names in the sector have seen downward estimate revisions to their 2026 numbers since the start of the year. Alphabet (GOOG, GOOGL) and Meta’s (META) latest earnings reports have fueled 25% and 10% upward 2026 EPS revisions, respectively, since the start of the year. AI’s impact on profit estimates: Wall Street’s earnings optimism is clearly running hot on AI, which makes sense. The five hyperscalers alone — Alphabet, Amazon, Meta, Microsoft (MSFT), and Oracle (ORCL) — are expected to unleash $520 billion in AI capital expenditures in 2026, a roughly 30% jump from the prior year. This kind of spending doesn’t happen without a serious conviction that the returns on investment are coming. Morgan Stanley’s research team recently noted that 21% of S&P 500 (^GSPC) companies are now flagging concrete AI benefits on earnings calls — up from just 10% in 2024. This signals AI is moving fast from hype to tangible margin benefits. Companies applying AI broadly to their products and customer experience are banking profit margins that are nearly 4 percentage points higher than non-adopters, per PwC. That gap is only going to widen as the technology matures. With $2.9 trillion in global data center construction expected through 2028, the Street has every reason to keep lifting its prof...
The long-term money continues to hate software stocks, even at far cheaper valuations. That says a lot. By the numbers: Mutual funds have entered the second quarter carrying their lowest exposure to software stocks since at least 2012, according to new research from Goldman Sachs. Excluding the megacaps, the mutual fund tilt in semiconductors versus software stocks is the largest since 2012. Simil...
The long-term money continues to hate software stocks, even at far cheaper valuations. That says a lot. By the numbers: Mutual funds have entered the second quarter carrying their lowest exposure to software stocks since at least 2012, according to new research from Goldman Sachs. Excluding the megacaps, the mutual fund tilt in semiconductors versus software stocks is the largest since 2012. Similarly, hedge funds entered the quarter with software registering its smallest weight in the hedge fund long portfolio since 2019, while the weight of semis is at a record high. Within semis, hedge funds have added to positions in Lam Research (LRCX), Applied Materials (AMAT), and ASML (ASML), while mutual funds have added to Intel (INTC) and SiTime (SITM). Why software stocks remain out of favor: The S&P Software & Services Index (XSW) is down 12% year to date. Names like Salesforce (CRM), Adobe (ADBE), and ServiceNow (NOW) have each shed 25% to 30% of their value — a gut-punch for investors who piled into these former Wall Street darlings in recent years. The concern driving the sell-off is straightforward: Wall Street is terrified that artificial intelligence is on the verge of making traditional enterprise software obsolete. When fear like this grips the market, it doesn't discriminate — software stocks of all kinds are being sold indiscriminately. Making matters worse, revenue growth for software firms genuinely slowed through 2025, as enterprise clients began delaying purchases, essentially taking a wait-and-see approach to figure out whether AI tools could do the job their expensive SaaS subscriptions once handled. The valuation hangover is real too: Between 2016 and 2025, the S&P Software & Service Index soared from under 4,000 to over 17,000, which means even after this year's wipeout, these stocks still have room to reprice further if AI disruption fears deepen. Keep an eye on Salesforce earnings on Wednesday to get a sense of AI disruption fears. The bottom line: T...