Everton harbour ambitions of bringing European football to Hill Dickinson Stadium next season and a first Premier League win at their new home in seven attempts will increase the optimism. The hosts were effective, rather than magnificent, against a woefully poor Burnley but the result is all that matters. Chelsea, Liverpool and Manchester City are the next three visitors to Everton, so goals from...
Everton harbour ambitions of bringing European football to Hill Dickinson Stadium next season and a first Premier League win at their new home in seven attempts will increase the optimism. The hosts were effective, rather than magnificent, against a woefully poor Burnley but the result is all that matters. Chelsea, Liverpool and Manchester City are the next three visitors to Everton, so goals from James Tarkowski and Kiernan Dewsbury-Hall were essential as they looked to build momentum. It was only Everton’s fifth win in 15 league games since leaving Goodison Park, helping solidify their position in eighth, which could be good enough for continental qualification come the end of the season. The most notable moment from the first quarter of the match was the Everton kick-off routine. Dewsbury-Hall produced an up and under to put pressure on the Burnley backline, one assumes to promote England’s rugby union match against Fiji at this stadium in July. Kicking for territory was a key part of the Everton plan as they sought to create danger by earning corners and free-kicks. There was zero entertainment value in the early exchanges, which mainly consisted of Everton contemplating ways of defeating the Burnley low block, only to realise they lacked any creative thought. There were a few corners thrown into the box without success and it was understandable why the atmosphere was completely flat. It was highly unlikely that a goal would come from open play. Finally there was a quality delivery from Everton, when James Garner swung a free-kick to the back post for the former Claret Tarkowski to head into the corner for his first goal in over a year, thanks to some inept marking. Whether it was deserved was debatable but at least the hosts had shown some intent to go forward, whereas Burnley had no ambition. View image in fullscreen Kiernan Dewsbury-Hall diinks the ball over Martin Dubravka for Everton’s second goal. Photograph: Phil Noble/Reuters Burnley are shackled by Scot...
On Holdings shares dipped Tuesday following a net sales outlook falling short of estimates. Despite the company having its worst trading day since August, On Holdings CEO Martin Hoffmann believes demand in the company ‘remains extremely strong,’ calling On the ‘hottest brand out there.’ He discusses sales growth, product innovation, and celebrity partnerships with Romaine Bostick on “The Close.” (...
On Holdings shares dipped Tuesday following a net sales outlook falling short of estimates. Despite the company having its worst trading day since August, On Holdings CEO Martin Hoffmann believes demand in the company ‘remains extremely strong,’ calling On the ‘hottest brand out there.’ He discusses sales growth, product innovation, and celebrity partnerships with Romaine Bostick on “The Close.” (Source: Bloomberg)
tiero/iStock via Getty Images The FBI's National Instant Criminal Background Check System reported on Tuesday that firearm background checks fell 7.7% year-over-year to 2,151,807 in February. Firearm background checks were down 9.9% from the level seen in January. The background checks have correlated closely to actual firearm sales in the past. The all-time high for firearm background checks was ...
tiero/iStock via Getty Images The FBI's National Instant Criminal Background Check System reported on Tuesday that firearm background checks fell 7.7% year-over-year to 2,151,807 in February. Firearm background checks were down 9.9% from the level seen in January. The background checks have correlated closely to actual firearm sales in the past. The all-time high for firearm background checks was March 2021, when 4,691,738 firearm background checks were done in a single month. FBI firearm background checks then fell progressively later in 2021, 2022, 2023, 2024, and 2025. Industry insiders expect firearm demand in 2026 to be broadly similar to 2025, with macro headwinds such as inflation from tariffs, interest rates, and consumer spending pressure as the main risk rather than a collapse in underlying interest. Stocks that have some connection to firearm demand developments to varying degrees include Smith & Wesson ( SWBI ), Sturm Ruger (NYSE:RGR), Vista Outdoor, Sportsman's Warehouse ( SPWH ), Ammo ( POWW ), ammunition manufacturer Olin Corporation ( OLN ), outdoors retailer American Outdoor Brands ( AOUT ), hunting gear seller Dick's Sporting Goods ( DKS ), gunfire locator firm SoundThinking ( SSTI ), ammunition provider National Presto Industries ( NPK ), taser maker Axon Enterprises ( AXON ), and retailer Academy Sports and Outdoors ( ASO ). More on Smith & Wesson Brands Smith & Wesson: The Relocation Is Over And The Cash Flow Is Back Smith & Wesson: A Soft 'Buy' After A Sharp Rally Smith & Wesson Brands, Inc. (SWBI) Q2 2026 Earnings Call Transcript Smith & Wesson rallies as new products, leaner inventory leads to FQ2 beat, upbeat outlook Smith & Wesson projects Q3 sales growth of 8%–10% amid inventory reduction and robust new product momentum
Earnings Call Insights: Tidewater Inc. (TDW) Q4 2025 Management View CEO Quintin Kneen opened by stating that "Tidewater nonetheless delivered its best year in recent memory by nearly every metric," with highlights including year-over-year revenue growth, gross margin expansion, and average day rate increases. He emphasized EBITDA of nearly $600 million and free cash flow of nearly $430 million, n...
Earnings Call Insights: Tidewater Inc. (TDW) Q4 2025 Management View CEO Quintin Kneen opened by stating that "Tidewater nonetheless delivered its best year in recent memory by nearly every metric," with highlights including year-over-year revenue growth, gross margin expansion, and average day rate increases. He emphasized EBITDA of nearly $600 million and free cash flow of nearly $430 million, noting this outpaced 2024, the previous high point. Kneen reported "Fourth quarter revenue and gross margin came in ahead of our expectations. Revenue came in at $336.8 million due primarily to higher-than-anticipated average day rate and slightly better-than-anticipated utilization. Gross margin came in at nearly 49% for the quarter, an improvement quarter-over-quarter and about 250 basis points better than we expected." Kneen announced the acquisition of Wilson Sons Offshore Ultratug for $500 million, to be funded with cash on hand and the retention of existing Wilsons' debt. He described it as "exactly the type of capital allocation opportunity we target," adding, "this acquisition has many merits as it relates to the strategic and operational capabilities it offers, but it also provides a compelling use of capital to realize an economic return well in excess of our cost of capital." Kneen noted, "We retain our $500 million share repurchase authorization and capacity, which represents 13% of our shares outstanding as of yesterday's close." No shares were repurchased in Q4 due to the pending acquisition. Kneen addressed regional risk, stating operations in the Middle East continue "business as usual," with only minor impacts expected from rising insurance and diesel costs, both described as immaterial. CFO Samuel Rubio reported, "We generated revenue of $1.35 billion for the year, an increase of approximately $7 million versus our 2024 amount. Gross margin for the year was $665.8 million compared to $649.2 million in 2024. Our net income was $334.7 million compared to $180...
Earnings Call Insights: Amylyx Pharmaceuticals (AMLX) Q4 2025 Management View Justin Klee, Co-Founder and Co-CEO, stated that "In 2025, we meaningfully advanced our pipeline, made important progress on our regulatory and commercial preparations for avexitide, strengthened our financial position, which extended our cash runway into 2028 and positioned the company for what will be a transformative y...
Earnings Call Insights: Amylyx Pharmaceuticals (AMLX) Q4 2025 Management View Justin Klee, Co-Founder and Co-CEO, stated that "In 2025, we meaningfully advanced our pipeline, made important progress on our regulatory and commercial preparations for avexitide, strengthened our financial position, which extended our cash runway into 2028 and positioned the company for what will be a transformative year in 2026." He emphasized the initiation of the pivotal Phase III LUCIDITY trial for avexitide in post-bariatric hypoglycemia (PBH), the nomination of AMX0318 as a development candidate, and progress in ALS programs with AMX0114, which received fast track designation. The company has completed recruitment for the LUCIDITY trial and expects to randomize and dose the last eligible participants within the current quarter. Strategic priorities for 2026 include delivering top line data from LUCIDITY in Q3, advancing NDA readiness, and strengthening launch preparations for a potential 2027 commercialization of avexitide. Camille Bedrosian, Chief Medical Officer, noted, "Our pivotal Phase III LUCIDITY trial is evaluating avexitide 90 milligrams once daily in individuals with PBH following Roux-en-Y gastric bypass surgery, using the FDA agreed upon primary outcome, a reduction in the composite of Level 2 and Level 3 hypoglycemic events through week 16." She highlighted robust prior trial data, conservative modeling assumptions, and the completion of LUCIDITY recruitment. James Frates, Chief Financial Officer, stated, "We ended the fourth quarter with $317 million in cash and marketable securities compared to $344 million at the end of the third quarter. This capital provides us with an anticipated cash runway into 2028 to fund our operations through our expected milestones, including our key focus, the LUCIDITY top line readout expected in Q3 2026, potential FDA approval and the potential commercial launch of avexitide in 2027." Outlook Management reiterated that top line data fr...
Good morning . Trump says Iran’s next leaders may be just “as bad” after the war. Standout earnings point to “powerful” boost for Australian stocks. And Rolex fans can now use Kalshi contracts to bet on watch prices. Listen to the day’s top stories . Brent Futures 81.27 +4.54% WTI Futures 74.2 +4.17% S&P 500 6,816.63 -0.94% Donald Trump warned that strikes on Iran may usher in leadership just as t...
Good morning . Trump says Iran’s next leaders may be just “as bad” after the war. Standout earnings point to “powerful” boost for Australian stocks. And Rolex fans can now use Kalshi contracts to bet on watch prices. Listen to the day’s top stories . Brent Futures 81.27 +4.54% WTI Futures 74.2 +4.17% S&P 500 6,816.63 -0.94% Donald Trump warned that strikes on Iran may usher in leadership just as troubling to Washington as the regime the US and Israel are seeking to topple—comments that’ll probably raise fresh questions about the administration’s endgame. Israel launched a new wave of strikes on Tehran and hit a building in Qom where clerics were meeting to choose a successor to Supreme Leader Ayatollah Ali Khamenei, Kan News reported. Iran responded with missile attacks on countries hosting US bases , including Qatar, Bahrain and Oman. Oil pared gains after Trump said the US would insure maritime trade in the Gulf and deploy the Navy to escort tankers through the Strait of Hormuz if needed. Stocks and bonds trimmed losses, while gold slid as much as 6%. UAE markets reopen Wednesday with a temporary 5% limit-down threshold. Our Big Take looks at why oil traders are staying calm —for now—even as the war in Iran edges the world closer to an energy crisis. ‘OK, Time to Go’: Cabs, Cash and Twisted Routes to Escape Dubai Read the Story Apollo Global Management CEO Marc Rowan warned a shakeout is coming for private credit firms as defaults rise on loans to software companies. In an interview with Bloomberg News Editor-in-Chief John Micklethwait at Bloomberg Invest in New York, Rowan said he dealt with Jeffrey Epstein only in his role as tax adviser to co-founder Leon Black and reiterated that Apollo did no business with the convicted sex offender. Elliott Investment Management is set to make about $500 million from its months-long tussle with Japan's Toyota group. The US hedge fund agreed to tender its shares in Toyota Industries after a group led by Akio Toyoda—the grands...
In his inaugural letter to shareholders as CEO, Greg Abel signaled a potential shift in Berkshire Hathaway Inc.'s equity strategy by not mentioning two of the firm's largest holdings from his list of “core” investments. The ‘Core Four’ Vs. The Missing Giants Abel's letter emphasized a “concentrated approach” toward businesses Berkshire intends to hold for decades. While Apple Inc., American Expres...
In his inaugural letter to shareholders as CEO, Greg Abel signaled a potential shift in Berkshire Hathaway Inc.'s equity strategy by not mentioning two of the firm's largest holdings from his list of “core” investments. The ‘Core Four’ Vs. The Missing Giants Abel's letter emphasized a “concentrated approach” toward businesses Berkshire intends to hold for decades. While Apple Inc., American Express Co., Coca-Cola Co., and Moody's Corp. were solidified as forever stocks. Don't Miss: Bank of America Corp. and Chevron Corp. were notably absent from this designation despite being top-five holdings by market value, as per its fourth-quarter 13F filing. This omission also aligns with a 9% reduction in the Bank of America stake during the final quarter of 2025. While the Chevron position was increased by 7% in that same period. Stewardship And Performance Gaps The transition to Abel's leadership also brought a blunt assessment of underperforming assets. Abel described the investment in Kraft Heinz Co. as “disappointing,” noting that returns have been “well short of adequate.” Trending: Disney Was Built on Character IP — This Pre-IPO Company Is Using the Same Playbook Despite this, Berkshire has supported a pivot toward operational recovery rather than a previously discussed breakup of the food giant. New Era Of Leadership As Berkshire moves past the Warren Buffett era, Abel is reinforcing a culture of “stewardship” and decentralized autonomy. While his compensation has jumped to a $25 million base salary—a sharp contrast to Buffett's long-standing $100,000—his focus remains on “fortress-like” financial strength, with cash holdings now exceeding $370 billion. Read Next: This Under-$1 Pre-IPO AI Company Is Still Open to Retail Investors — Learn More It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started. Photo courtes...
Ross Stores Inc. forecast same-store sales growth for its upcoming fiscal year that topped analyst estimates as the off-price retailer continues to capitalize on affordability woes by selling luxury items for less. The Dublin, California-based company forecast in a Tuesday statement that its same-store sales growth will be 3% to 4% for the year ending early 2027, the midpoint of which is ahead of ...
Ross Stores Inc. forecast same-store sales growth for its upcoming fiscal year that topped analyst estimates as the off-price retailer continues to capitalize on affordability woes by selling luxury items for less. The Dublin, California-based company forecast in a Tuesday statement that its same-store sales growth will be 3% to 4% for the year ending early 2027, the midpoint of which is ahead of analyst estimates of 3%. The company also reported record fourth-quarter sales of $6.64 billion, above expectations of $6.4 billion. “We are encouraged by the strength of our business and confident in the strategic priorities we have set for the year,” Chief Executive Officer Jim Conroy said in the statement. “With a healthy balance sheet, disciplined execution, and a clear focus on delivering compelling value to our customers, we believe we are well-positioned to capture additional market share and drive sustainable, profitable growth in the year ahead and beyond.” The consumer sector has been pummeled as shoppers spend less in stores and tariff uncertainty underscores affordability issues. Nevertheless companies like Ross and TJX Cos. have capitalized by selling discounted apparel and home goods to shoppers who want to avoid higher prices while still buying the things they love. Both companies’ shares gained in February, and TJX reported earnings on Feb. 25 that beat expectations. Ross shares gained as much as 7% in postmarket trading. The stock had risen 9.7% this year through Tuesday’s close. The report follows Target Corp. ’s results earlier Tuesday, in which the retail giant forecast better-than-expected profit for the full year.
Solid holiday sales and increased marketing investment mitigated tariff-related pressures and softer consumer sentiment, enabling Ross Stores ( ROST ) to deliver better-than-expected fourth- quarter results. “As the year progressed, underlying trends steadily improved, reflecting the strength of our merchandising efforts, enhanced marketing programs, and improved shopping experience. This momentum...
Solid holiday sales and increased marketing investment mitigated tariff-related pressures and softer consumer sentiment, enabling Ross Stores ( ROST ) to deliver better-than-expected fourth- quarter results. “As the year progressed, underlying trends steadily improved, reflecting the strength of our merchandising efforts, enhanced marketing programs, and improved shopping experience. This momentum built throughout the back half of the year and culminated in a strong finish, positioning us well as we move into the year ahead,” said Ross Stores CEO Jim Conroy. Mirroring similar Q4 results from rival TJX Companies ( TJX ), Ross Stores saw a 9% increase in comparable store sales, more than double expectations, helping the company generate $6.6B in sales, an increase of 12% year-over-year and $200M above estimates. The company also earned a better-than-expected profit of $646M, or $2.00 per share, up 12% from the same quarter last year and ten cents above estimates. An operating margin of 12.3% exceeded the company’s 11.5%-11.8% estimate and was 30 basis points better than the consensus estimate. Additionally, merchandise inventory increased 7.6% to $2.63B versus $2.61B. For the fiscal first quarter, the company expects comparable store sales to increase by 7% to 8% versus the +3.71% estimates, contributing to a profit of $1.60 to $1.67 per share, up 11% from the same quarter last year and straddling the $1.63 estimate. For FY27, Ross Stores ( ROST ) expects same store sales to increase 3% to 4% versus 3.01% estimates and earnings within a range of $7.01 and $7.36 per share versus $7.21 estimates. Shares are up more than 5% in after-hours trading. More on Ross Stores Ross Stores: Riding The Trade-Down Wave, But What Happens When The Tide Flips? Ross Stores: Demand Inflected, Growth Outlook Is Great, And Margins Are Holding (Upgrade) Ross Stores GAAP EPS of $2.00 beats by $0.09, revenue of $6.64B beats by $200M Ross Stores Q4 2026 Earnings Preview Seeking Alpha’s Quant Ra...
The major indexes came off lows and crude oil prices pared gains as President Trump said the Navy would escort tankers through the Strait of Hormuz if necessary.
The major indexes came off lows and crude oil prices pared gains as President Trump said the Navy would escort tankers through the Strait of Hormuz if necessary.
Seeking Alpha More on CrowdStrike CrowdStrike: Better Bargains Elsewhere In Cybersecurity (Downgrade) Buy CrowdStrike As Trust Is Key In The Age Of AI Agents CrowdStrike: A Ridiculous Overreaction To AI Fears (Upgrade) CrowdStrike's Q4 financial results demonstrate ARR surpassing $5B CrowdStrike Non-GAAP EPS of $1.12 beats by $0.02, revenue of $1.31B beats by $10M
Seeking Alpha More on CrowdStrike CrowdStrike: Better Bargains Elsewhere In Cybersecurity (Downgrade) Buy CrowdStrike As Trust Is Key In The Age Of AI Agents CrowdStrike: A Ridiculous Overreaction To AI Fears (Upgrade) CrowdStrike's Q4 financial results demonstrate ARR surpassing $5B CrowdStrike Non-GAAP EPS of $1.12 beats by $0.02, revenue of $1.31B beats by $10M
$NDWT Clean Republic is Green Seal-Certified and can be used as a Hospital-Grade Disinfectant to Deliver Safety, Sustainability and Efficacy. Advancing Innovative Consumer Health and Wellness Solutions by Investing in Sustainable, Science-Driven Brands That Protect People, Pets and The Planet. Designing, Manufacturing and Deploying Infection-Control and Hygiene Ecosystems, Including The Clean Repu...
$NDWT Clean Republic is Green Seal-Certified and can be used as a Hospital-Grade Disinfectant to Deliver Safety, Sustainability and Efficacy. Advancing Innovative Consumer Health and Wellness Solutions by Investing in Sustainable, Science-Driven Brands That Protect People, Pets and The Planet. Designing, Manufacturing and Deploying Infection-Control and Hygiene Ecosystems, Including The Clean Republic® Brand. Received Official Green Seal® Certification for Flagship Clean Republic Multipurpose Disinfectant. Enhanced Omni-Channel Positioning for 2026 Growth with Strategic Marketing Expansion. Actively Scaling Marketing and Digital Growth Division to Maximize Brand Reach Across Expanding Retail Footprint. Currently Leveraging Brand Presence Across Some of the World’s Largest Digital Marketplaces Including Amazon, Chewy.com and Walmart. Launched Dog Gone Odor®, Expanding Rapidly Growing Biosafety Catalog. Advancements Into AI-Robotics for Unmanned Hospital Disinfection. NDT Pharmaceuticals, Inc. (Stock Symbol: NDTP) isdedicated to advancing innovative consumer health and wellness solutions. Through its wholly owned subsidiary, Good Salt Life Inc., NDTP is committed to creating value by investing in sustainable, science-driven brands that protect people, pets, and the planet. NDTP owned Good Salt Life is a vertically integrated biosafety company focused on designing, manufacturing, and deploying infection-control and hygiene ecosystems, including the Clean Republic® brand and proprietary dispensing hardware. The company is committed to promoting vitality through eco-friendly, nature-derived products that foster healthier living environments. Official Green Seal® Certification for Clean Republic Multipurpose Disinfectant On February 5th NDTP announced that its flagship product Clean Republic Multipurpose Disinfectant received Green Seal® certification. This official certification is a milestone that solidifies the NDTP position in the rapidly evolving landscape of sustain...
A suspected CIA-funded publication in Asia recently asked where all the Chinese wolf warriors have gone. It was referring to those supposedly rude envoys who harangued the governments of their host countries and foreign ministry spokespeople who confronted foreign reporters at news conferences. Well, Beijing reined them in long ago. But US President Donald Trump has unleashed his own. Open hostili...
A suspected CIA-funded publication in Asia recently asked where all the Chinese wolf warriors have gone. It was referring to those supposedly rude envoys who harangued the governments of their host countries and foreign ministry spokespeople who confronted foreign reporters at news conferences. Well, Beijing reined them in long ago. But US President Donald Trump has unleashed his own. Open hostility towards host countries and their peoples seems to be a job requirement in Washington for a US ambassador, as well as not having any diplomatic experience. February was a very good or very bad month – depending on your political stance – for the US’ new breed of wolf warriors. Advertisement Charles Kushner is the perfect example. The US ambassador to France was cut off from contact with the country’s officials for a while after he failed to show up when summoned over the US State Department’s comments about the death of a 23-year-old far-right activist in Lyon. The French foreign ministry blasted Kushner for his “apparent misunderstanding of the basic expectations of an ambassador who has the honour of representing his country” and announced that he would “no longer be allowed direct access to members of the French government”. Advertisement It’s not the first time he has refused to attend a summons. In August last year, he snubbed the ministry by sending someone else in his place for a dressing-down after he wrote an op-ed in The Wall Street Journal blasting French President Emmanuel Macron for failing to curb antisemitism in his country. That was a particularly tense time as Macron was pushing Britain, Canada and Australia to formally recognise the Palestinian state at the United Nations during Israel’s genocidal war in Gaza.
Traders in the futures markets are sharply reducing expectations for interest rate cuts from the Federal Reserve , as the war with Iran drives fears of an inflationary resurgence. The view is being expressed in interest-rate futures spreads, which are tightening on bets that a war-fueled spike in oil prices could aggravate inflation and make it harder for policymakers to reduce borrowing costs thi...
Traders in the futures markets are sharply reducing expectations for interest rate cuts from the Federal Reserve , as the war with Iran drives fears of an inflationary resurgence. The view is being expressed in interest-rate futures spreads, which are tightening on bets that a war-fueled spike in oil prices could aggravate inflation and make it harder for policymakers to reduce borrowing costs this year. In the US, the spread between December 2026 to December 2027 contracts tracking the Secured Overnight Financing Rate dropped to negative 15 basis points on Tuesday, a fresh low in the current cycle, after flipping negative last week . That’s a dramatic shift from just a few weeks ago, when investors focused on the deflationary impact of artificial intelligence and a cooling jobs market had priced in several US rate cuts for the year. Read more: ‘Everything Lit Up’: Trump’s War on Iran Rattles Energy Traders “This is a story about oil markets and US Treasuries markets, which priced in a lot of cuts by the Fed,” said Brij Khurana , portfolio manager at Wellington Management. “We’re in an environment where inflation is still above target. So the market’s going to have to potentially reprice more or take out more Fed cuts than they were thinking last week.” Monday’s volumes in the December 2026 to December 2027 spread were a record 180,000 futures. Spreads tracking both the European Central Bank and Bank of England reflected a similar outlook: Futures linked to ECB policy were pricing in a more than 60% chance of an interest-rate increase this year at one point on Tuesday. Inflation concerns were also prevalent in the US Treasury market, where government bonds fell for a second day as investors curbed bets that the Fed will cut rates more than once in 2026. Yields on the two-year note, more sensitive than longer maturities to monetary policy shifts, approached their highest level of the year before pulling back later in the day. Meanwhile, the popular dollar swap spread...
Five years ago, shares of Canopy Growth (CGC 0.47%), a leading cannabis company, were worth over $300 apiece. Now the stock is changing hands for under $2. Can the stock bounce back, or will investors be left with worthless shares in a few years? Let's find out. Looking at Canopy Growth's financial results Canopy Growth's financial results continue to be mediocre at best, even with some improvemen...
Five years ago, shares of Canopy Growth (CGC 0.47%), a leading cannabis company, were worth over $300 apiece. Now the stock is changing hands for under $2. Can the stock bounce back, or will investors be left with worthless shares in a few years? Let's find out. Looking at Canopy Growth's financial results Canopy Growth's financial results continue to be mediocre at best, even with some improvement on the bottom line. During the third quarter of its fiscal year 2026, ending on Dec. 31, the company's net revenue remained pretty much flat year over year at 74.5 million Canadian dollars ($54.5 million). True, the company's net loss per share of CA$0.18 ($0.13) was much better than the CA$1.11 ($0.81) loss per share reported in the year-ago period. It's worth pointing out, though, that this improvement was largely due to a decline in share-based compensation, a non-cash expense. This change hardly reflects stronger day-to-day operations for the company. In fact, Canopy Growth's free cash flow during this period was about CA$19 million ($13.9 million), lower than the CA$28.2 million ($20.6 million) reported in the prior-year quarter. So it's fair to say that Canopy Growth continues to post subpar financial results. Can the company improve soon? Can regulatory progress save Canopy? Canopy Growth has a subsidiary in the U.S., through which it hopes to eventually enter this large market upon federal cannabis legalization. That hasn't happened yet, but last year President Donald Trump signed an executive order to reclassify cannabis into a Schedule III substance from a Schedule I, which means it is now recognized as having some medical benefits and as being less prone to abuse and dependence. This change could make it easier for marijuana companies in the country to access banking services while allowing them to deduct normal business expenses, thereby boosting their bottom lines. Could this be the catalyst that will help Canopy Growth turn things around? Hardly. It's import...
(RTTNews) - After recovering from early weakness to end the previous session mostly higher, Canadian stocks showed a substantial move back to the downside during trading on Tuesday. The benchmark S&P/TSX Composite Index regained some ground after an early nosedive but still ended the day down 756.33 points or 2.2 percent at 33,784.94. The index had ended Monday's trading at a record closing high. ...
(RTTNews) - After recovering from early weakness to end the previous session mostly higher, Canadian stocks showed a substantial move back to the downside during trading on Tuesday. The benchmark S&P/TSX Composite Index regained some ground after an early nosedive but still ended the day down 756.33 points or 2.2 percent at 33,784.94. The index had ended Monday's trading at a record closing high. The sell-off on Bay Street was led by substantial weakness in the gold sector, with the S&P/TSX Global Gold Index plummeting by 8.3 percent. Gold stocks came under pressure along with the price of the precious metal, which continued to give back ground following the surge initially seen in reaction to the U.S. and Israeli attacks on Iran over the weekend. The steep drop by the price of gold came as the value of U.S. dollar is seeing further upside following yesterday's surge, driving the U.S. dollar index up by 0.7 percent to its highest level in over a month. Considerable weakness was also visible among financial stocks, as reflected by the 1.3 percent loss posted by the S&P/TSX Capped Financial Index. Consumer, healthcare and industrial stocks also saw some weakness on the day, while technology stocks bucked the downtrend. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Shares of Southeast Asian "super-app" Sea Limited (SE 16.35%) fell as much as 26.8% on Tuesday, before recovering to a 16.4% decline by the end of trading. Sea reported fourth-quarter earnings today that beat both revenue and earnings expectations; however, a rise in certain costs related to its fintech arm Monee appears to have investors nervous. Furthermore, its high-profit Garena gaming divisio...
Shares of Southeast Asian "super-app" Sea Limited (SE 16.35%) fell as much as 26.8% on Tuesday, before recovering to a 16.4% decline by the end of trading. Sea reported fourth-quarter earnings today that beat both revenue and earnings expectations; however, a rise in certain costs related to its fintech arm Monee appears to have investors nervous. Furthermore, its high-profit Garena gaming division saw a quarter-over-quarter decline in bookings, even as bookings were up strongly year over year. All in all, these were imperfections in an otherwise strong earnings report, which may open up an opportunity in this market leader, given that Sea's stock has been more than cut in half from its 52-week high. Expand NYSE : SE Sea Limited Today's Change ( -16.35 %) $ -17.20 Current Price $ 88.01 Key Data Points Market Cap $57B Day's Range $ 77.58 - $ 89.63 52wk Range $ 77.58 - $ 199.30 Volume 1.7M Avg Vol 5.2M Gross Margin 44.92 % Sea delivers sterling growth, but not enough for a jittery market In the fourth quarter, Sea Limited grew revenue 38.4% to $6.85 billion, with earnings per share up 61.5% to $0.63. Both figures beat analysts' expectations. These figures seem really good, so what's the problem? For the answer, one has to delve into the details of each of Sea's three divisions: Shopee e-commerce, Monee fintech and lending, and Garena mobile gaming. In the Shopee e-commerce segment, Sea grew revenue by 35.8%. Still, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by only 33%, suggesting limited operating leverage, even as Sea increased seller take rates. Second, in the Monee segment, Sea stepped on the gas to issue loans, with its loan book growing by over 80% to $9.2 billion and revenue surging 54.3%. However, that segment's adjusted EBITDA only grew 24.7%. This was due to a 66.7% increase in provisions for credit losses. So, investors may have been nervous about the company expanding its loan book so quickly, given that lending ...
Key Points Sea Limited fell after fourth quarter earnings results this morning. The company beat on both the top and bottom lines. However, Sea's high-growth segments posted margin declines, while its high-margin segment delivered muted quarterly growth. 10 stocks we like better than Sea Limited › Shares of Southeast Asian "super-app" Sea Limited (NYSE: SE) fell as much as 26.8% on Tuesday, before...
Key Points Sea Limited fell after fourth quarter earnings results this morning. The company beat on both the top and bottom lines. However, Sea's high-growth segments posted margin declines, while its high-margin segment delivered muted quarterly growth. 10 stocks we like better than Sea Limited › Shares of Southeast Asian "super-app" Sea Limited (NYSE: SE) fell as much as 26.8% on Tuesday, before recovering to a 16.4% decline by the end of trading. Sea reported fourth-quarter earnings today that beat both revenue and earnings expectations; however, a rise in certain costs related to its fintech arm Monee appears to have investors nervous. Furthermore, its high-profit Garena gaming division saw a quarter-over-quarter decline in bookings, even as bookings were up strongly year over year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » All in all, these were imperfections in an otherwise strong earnings report, which may open up an opportunity in this market leader, given that Sea's stock has been more than cut in half from its 52-week high. Sea delivers sterling growth, but not enough for a jittery market In the fourth quarter, Sea Limited grew revenue 38.4% to $6.85 billion, with earnings per share up 61.5% to $0.63. Both figures beat analysts' expectations. These figures seem really good, so what's the problem? For the answer, one has to delve into the details of each of Sea's three divisions: Shopee e-commerce, Monee fintech and lending, and Garena mobile gaming. In the Shopee e-commerce segment, Sea grew revenue by 35.8%. Still, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by only 33%, suggesting limited operating leverage, even as Sea increased seller take rates. Second, in the Monee segment, Sea stepped on the gas to issue loans, with its loan book gr...