Cotton futures closed the Wednesday session with contracts down 31 to 75 points. The US dollar index was $0.420 lower at $97.890. Crude oil was down $6.06 on the day following the US and Iran closing in on reaching a memorandum of understanding that would, among other things, allow for...
Cotton futures closed the Wednesday session with contracts down 31 to 75 points. The US dollar index was $0.420 lower at $97.890. Crude oil was down $6.06 on the day following the US and Iran closing in on reaching a memorandum of understanding that would, among other things, allow for...
Corn futures posted losses of 10 ½ to 12 ¾ cents in most contracts on Wednesday, with a few deferred contracts down 4 to 7 cents. The CmdtyView national average Cash Corn price was 11 1/2 cents lower on the day to $4.26 1/4. Crude oil was down $6.06 on...
Corn futures posted losses of 10 ½ to 12 ¾ cents in most contracts on Wednesday, with a few deferred contracts down 4 to 7 cents. The CmdtyView national average Cash Corn price was 11 1/2 cents lower on the day to $4.26 1/4. Crude oil was down $6.06 on...
In recent days, Micron Technology began shipping its 245-terabyte Micron 6600 ION SSD for AI, cloud, enterprise, and hyperscale data centers, while reporting very large year-on-year net income growth and benefiting from AI-driven memory shortages. This combination of record-capacity SSDs, tight supply, and strong earnings is reinforcing Micron’s role as a core infrastructure supplier to the AI eco...
In recent days, Micron Technology began shipping its 245-terabyte Micron 6600 ION SSD for AI, cloud, enterprise, and hyperscale data centers, while reporting very large year-on-year net income growth and benefiting from AI-driven memory shortages. This combination of record-capacity SSDs, tight supply, and strong earnings is reinforcing Micron’s role as a core infrastructure supplier to the AI ecosystem. We’ll now examine how the launch of the 245-terabyte 6600 ION SSD may influence...
Expedia Group has appointed Derek Andersen, former Snap Inc. CFO and longtime Amazon finance leader, as its new Chief Financial Officer, succeeding Scott Schenkel, who is leaving after supporting margin expansion and strengthening the company’s financial foundation. Andersen’s background in finance leadership across social media, streaming, ecommerce, and digital media platforms introduces a tech-...
Expedia Group has appointed Derek Andersen, former Snap Inc. CFO and longtime Amazon finance leader, as its new Chief Financial Officer, succeeding Scott Schenkel, who is leaving after supporting margin expansion and strengthening the company’s financial foundation. Andersen’s background in finance leadership across social media, streaming, ecommerce, and digital media platforms introduces a tech-centric perspective to Expedia’s global finance organization under CEO Ariane Gorin. We’ll now...
NVIDIA (NasdaqGS:NVDA) and Corning have agreed a multi-billion-dollar partnership to expand U.S. optical connectivity manufacturing for AI infrastructure. The deal includes three new advanced manufacturing plants in North Carolina and Texas and is intended to increase Corning's domestic optical capacity tenfold. More than 3,000 jobs are expected to be created, with NVIDIA investing US$500 million ...
NVIDIA (NasdaqGS:NVDA) and Corning have agreed a multi-billion-dollar partnership to expand U.S. optical connectivity manufacturing for AI infrastructure. The deal includes three new advanced manufacturing plants in North Carolina and Texas and is intended to increase Corning's domestic optical capacity tenfold. More than 3,000 jobs are expected to be created, with NVIDIA investing US$500 million via rights and warrants for Corning shares as part of the multi-year agreement. The partnership...
Soybeans closed the Wednesday session with contracts falling 10 to 16 ¾ cents. The cmdtyView national average Cash Bean price was down 16 1/2 cents at $11.27 1/2. Soymeal futures were down 30 cents to $3.10 in the front months on the session, with Soy Oil futures down 139 to...
Soybeans closed the Wednesday session with contracts falling 10 to 16 ¾ cents. The cmdtyView national average Cash Bean price was down 16 1/2 cents at $11.27 1/2. Soymeal futures were down 30 cents to $3.10 in the front months on the session, with Soy Oil futures down 139 to...
Earnings Call Insights: Verra Mobility (VRRM) Q1 2026 Management View “Total revenue of $224 million for the quarter was aligned with our internal expectations,” and “Adjusted EBITDA and margins came in ahead of our internal expectations,” driven by “better-than-expected New York City camera installations” and “reduced bad
Earnings Call Insights: Verra Mobility (VRRM) Q1 2026 Management View “Total revenue of $224 million for the quarter was aligned with our internal expectations,” and “Adjusted EBITDA and margins came in ahead of our internal expectations,” driven by “better-than-expected New York City camera installations” and “reduced bad
Earnings Call Insights: NiSource (NI) Q1 2026 Management View "Today, we reported first quarter 2026 consolidated adjusted EPS of $1.06, which accounts for 52% of our projected midpoint earnings guidance." (President, CEO & Director Lloyd Yates) "We are reaffirming our 2026 consolidated adjusted EPS guidance of $2.02 to $2.07 per share, and we are increasing our consolidated adjusted EPS CAGR 100 ...
Earnings Call Insights: NiSource (NI) Q1 2026 Management View "Today, we reported first quarter 2026 consolidated adjusted EPS of $1.06, which accounts for 52% of our projected midpoint earnings guidance." (President, CEO & Director Lloyd Yates) "We are reaffirming our 2026 consolidated adjusted EPS guidance of $2.02 to $2.07 per share, and we are increasing our consolidated adjusted EPS CAGR 100 basis points for 2023 to 2033 to 9% to 10% towards the high end of that range through 2030, driven by the robust portfolio of investment opportunities supporting data centers." (President, CEO & Director Yates) "In addition to the announcements made a few weeks ago, I am pleased to share another expansion, an incremental 400 megawatts of capacity serving Amazon." (President, CEO & Director Yates) "Given the present inflationary climate, the value of these partnerships is tremendous, unlocking cost savings totaling approximately $1.4 billion for our existing customers over the next 15 years." (President, CEO & Director Yates) "First quarter consolidated adjusted EPS was $1.06, an $0.08 per share increase versus the $0.98 reported in the same period last year." (Executive VP & CFO Shawn Anderson) "We have recently made several advances on this initiative that now support $1.4 billion in customer savings, a new energy infrastructure agreement with Alphabet, 2 expansions on the Amazon agreement to accelerate and increase our service and the creation of the pooled resources approach." (Executive VP of Technology & Customer and Chief Commercial Officer Michael Luhrs) Outlook "We are reaffirming NiSource's consolidated adjusted EPS guidance range for 2026 of $2.02 to $2.07 per share." (Executive VP & CFO Anderson) "We have increased our long-term guidance by 100 basis points and expect to deliver 9% to 10% consolidated adjusted EPS compound annual growth through 2033 and with performance tracking towards the high end of that range through 2030." (Executive VP & CFO Anderson) "We h...
Earnings Call Insights: Coherent Corp. (COHR) Q3 FY2026 Management View "We delivered another quarter of strong financial performance with accelerating growth, expanding margins and improving profitability" (CEO, President & Employee Director James Anderson), while highlighting that "we experienced another step function increase in our order book, driving our backlog to a record level" and that "o...
Earnings Call Insights: Coherent Corp. (COHR) Q3 FY2026 Management View "We delivered another quarter of strong financial performance with accelerating growth, expanding margins and improving profitability" (CEO, President & Employee Director James Anderson), while highlighting that "we experienced another step function increase in our order book, driving our backlog to a record level" and that "orders now [reach] into calendar 2028 and customer LTAs extending to the end of the decade" (CEO Anderson). "Our Datacenter & Communications segment continues to be the primary driver of our growth and accounted for 75% of total company revenue in Q3" (CEO Anderson), and he tied near-term growth to "both transceivers and OCS systems," adding, "we expect growth to be driven by both 800 gig and 1.6T" (CEO Anderson). "We remain on track to achieve our goal of doubling internal indium phosphide output capacity by the end of this calendar year" and "we now expect to reach that milestone 1 quarter earlier than originally planned" (CEO Anderson), alongside "plans to begin 6-inch indium phosphide production at a third site in Zurich" (CEO Anderson). "In March, we announced a strategic partnership with NVIDIA focused on multiple CPO-related products and solutions" including "NVIDIA's $2 billion equity investment in Coherent and a multiyear supply agreement extending through the end of the decade" (CEO Anderson), with expected timing that "initial scale-out CPO revenue" begins "in the second half of this calendar year" and "scale-up CPO revenue" begins "in the second half of calendar 2027" (CEO Anderson). "Third quarter revenue was a record $1.8 billion" and "third quarter non-GAAP earnings per diluted share was $1.41" (CFO & Treasurer Sherri Luther), and she added that the company "strategically increased our capital investments to expand internal capacity" and "reduc[ed] our debt leverage ratio to below 1x" (CFO Luther). Outlook "We expect revenue to be between $1.91 billion and $2....
Earnings Call Insights: Mayville Engineering Company (MEC) Q1 2026 Management view "Our first quarter results exceeded our expectations, driven by strong top line momentum in our Datacenter and Critical Power end market" (President, CEO & Director Jagadeesh Reddy), while "margins remained pressured" because the company continues to "incur and retain variable costs as we position the business for s...
Earnings Call Insights: Mayville Engineering Company (MEC) Q1 2026 Management view "Our first quarter results exceeded our expectations, driven by strong top line momentum in our Datacenter and Critical Power end market" (President, CEO & Director Jagadeesh Reddy), while "margins remained pressured" because the company continues to "incur and retain variable costs as we position the business for successful program execution." "Within Datacenter and Critical Power, we delivered organic growth of approximately 71% year-over-year" and "our qualified opportunity pipeline exceeds $125 million" with "projects scheduled to launch in 2026" valued at "approximately $50 million to $60 million" (President, CEO & Director Reddy); he also reiterated, "we continue to expect Datacenter and Critical Power to represent more than 20% of our revenue in 2026." Legacy end markets were described as mixed, with CEO Reddy saying, "we have not yet seen clear indications of a broad-based or material recovery in legacy customer demand," while detailing that commercial vehicle "net sales declined approximately 24% year-over-year" and noting near-term caution given "elevated fuel costs and recent tariff policy changes." "Total sales for the first quarter increased 6.8% on a year-over-year basis to $144.8 million" and "excluding the impact of the Accu-Fab acquisition, organic net sales declined by 8.2%" (Chief Financial Officer Rachele Lehr). Outlook "For the second quarter of 2026, we currently expect net sales for the quarter of between $145 million and $155 million and adjusted EBITDA of between $10 million to $13 million" (CFO Lehr), adding that the outlook "reflects continued launch-related costs and margin pressure early in the quarter with improvement expected as the quarter progresses." "For the full year, we refined our financial guidance by raising the low end of our previously announced guidance while maintaining the high end of the range" (CFO Lehr), and "we now expect net sales of b...
Earnings Call Insights: Comstock Resources (CRK) Q1 2026 Management View "Lower production, partially driven by production impacts from significant winter weather in the first quarter drove the lower financial results" (Chairman and CEO Miles Allison). "On March 19, the United States Department of Commerce selected our Western Haynesville site to host a new 5.2 gigawatt natural gas-fired power gen...
Earnings Call Insights: Comstock Resources (CRK) Q1 2026 Management View "Lower production, partially driven by production impacts from significant winter weather in the first quarter drove the lower financial results" (Chairman and CEO Miles Allison). "On March 19, the United States Department of Commerce selected our Western Haynesville site to host a new 5.2 gigawatt natural gas-fired power generation hub" and "Comstock will provide the natural gas supply for the facility, which could reach almost 1 billion cubic feet per day by 2031" (CEO Allison). "Our production in the first quarter averaged 1.1 Bcfe per day" and "Oil and gas sales after hedging in the quarter were $339 million" (President and CFO Roland Burns). "We spent a total of $343 million on our drilling program" and "We turned 13 wells to sales" (CFO Burns). "On average, we realize 35% savings in our drilling cost when we drill a 10k horseshoe well compared to 2 5,000 foot sectional lateral wells" (Chief Operating Officer Daniel Harrison). Outlook "During the quarter, we had very strong drilling results, which will drive production back up for the remainder of the year" (CEO Allison). "Our production should be up 13%, 14%, 15% for the second quarter" (CEO Allison). "NextEra is actively developing the project, advancing site development, procurement, permitting and commercial structuring as they work toward definitive agreements with the U.S. and Japan" (CEO Allison). Compared with last quarter’s framing around 2026 activity and commercialization, management emphasized the March 19 selection of the Anderson County project and argued the current approach prioritizes not "drilling too fast" in the Western Haynesville (CEO Allison: "The mistakes that were made were drilling too fast because leases were expiring, and you destroyed value."). Financial Results "Our natural gas and oil sales were $339 million" and "Adjusted EBITDAX for the quarter was $251 million" (CEO Allison). "We generated $192 million of ...
Earnings Call Insights: Zillow Group (ZG) Q1 2026 Management View "Q1 was another quarter of consistent execution and continued momentum across our business." (CEO & Director Jeremy Wacksman) "We delivered revenue near the high end of our outlook range and EBITDA above our outlook, putting us on track toward achieving our full year goals." (CEO & Director Wacksman) "Yesterday, we announced a new P...
Earnings Call Insights: Zillow Group (ZG) Q1 2026 Management View "Q1 was another quarter of consistent execution and continued momentum across our business." (CEO & Director Jeremy Wacksman) "We delivered revenue near the high end of our outlook range and EBITDA above our outlook, putting us on track toward achieving our full year goals." (CEO & Director Wacksman) "Yesterday, we announced a new Preview collaboration with realtor.com, extending the visibility of Preview listings across the 2 most visited real estate platforms in the country." (CEO & Director Wacksman) "We announced Preview just 7 weeks ago with 5 initial brokerage partners, and we have since added more than 60 brokerages." (CEO & Director Wacksman) "At our AI Summit last month, we also debuted Zillow's new consumer-facing AI mode experience." (CEO & Director Wacksman) "This new way of engaging throughout our site is live for about 5% of our audience so far." (CEO & Director Wacksman) "Early signals are encouraging." (CEO & Director Wacksman) "We delivered excellent results in Q1 and are well positioned to continue delivering strong performance as we execute on our strategy in 2026 and beyond." (Chief Financial Officer Jeremy Hofmann) "We generated revenue of $708 million, up 18% year-over-year and near the high end of our outlook range." (CFO Hofmann) Outlook "We expect total revenue of $750 million to $765 million." (CFO Hofmann) "We expect For Sale revenue growth to be similar to Q1." (CFO Hofmann) "In rentals, we expect revenue growth of approximately 30% year-over-year for the quarter." (CFO Hofmann) "In Q2, we expect EBITDA expenses of $600 million and EBITDA of $150 million to $165 million." (CFO Hofmann) "Our expectations include approximately $20 million of incremental legal expenses and approximately $16 million of incremental advertising spend compared to a year ago." (CFO Hofmann) "Turning to our full year outlook for 2026. We continue to expect to deliver mid-teens total revenue growth, ...
Earnings Call Insights: Snap Inc. (SNAP) Q1 2026 Management view Evan Spiegel (Co-Founder, CEO & Director) said Q1 was “a return to growth in daily active users reaching $483 million,” and added that “net loss improved to $89 million,” alongside “free cash flow…$286 million” and “adjusted EBITDA…$233 million.” Spiegel framed priorities as: “grow our community and deepen engagement…accelerate and d...
Earnings Call Insights: Snap Inc. (SNAP) Q1 2026 Management view Evan Spiegel (Co-Founder, CEO & Director) said Q1 was “a return to growth in daily active users reaching $483 million,” and added that “net loss improved to $89 million,” alongside “free cash flow…$286 million” and “adjusted EBITDA…$233 million.” Spiegel framed priorities as: “grow our community and deepen engagement…accelerate and diversify revenue growth…[and] build a more profitable and cash generative core business while investing with discipline…in intelligent eyewear.” Spiegel highlighted engagement and product surfaces, including Topic Chats momentum, games “reaching 255 million monthly active users,” Spotlight time spent “increasing 11% year-over-year,” AR usage where “more than 75% of Snapchatters are engaging with augmented reality every day,” and Snap Map at “more than 450 million global monthly active users in Q1.” Spiegel described advertising progress and mix: “Advertising execution improved in Q1…Large advertisers in North America remained a headwind,” while citing lower-funnel strength including “Dynamic Product Ads revenue grew more than 30% year-over-year” and “App Purchases revenue grew 87% year-over-year,” plus scaling new inventory such as Sponsored Snaps and “AI Sponsored Snaps.” Derek Andersen (Chief Financial Officer) said Q1 revenue was “at the top end of our guidance range,” with “adjusted gross margin improving…to reach 57%…on track for achieving our goal of 60% or better for fiscal 2026,” and added, “This will be Derek’s last earnings call at Snap,” per Spiegel. Outlook Andersen guided Q2 revenue to “$1.52 billion to $1.55 billion,” and said the range “assumes no contribution from Perplexity as we amicably ended the relationship in Q1,” and assumes Middle East conditions “remain consistent” with March and April impacts while cautioning “the trajectory…is uncertain.” Andersen guided Q2 adjusted EBITDA to “between $175 million and $200 million,” and added the restructuring wil...
(RTTNews) - The Taiwan stock market has moved higher in three straight sessions, advancing almost 2,220 points or 5 percent to a fresh record closing high. The Taiwan Stock Exchange now sits just beneath the 41,140-point plateau and it may add to its winnings again on Thursday.
(RTTNews) - The Taiwan stock market has moved higher in three straight sessions, advancing almost 2,220 points or 5 percent to a fresh record closing high. The Taiwan Stock Exchange now sits just beneath the 41,140-point plateau and it may add to its winnings again on Thursday.