Karman Space & Defense (NYSE: KRMN) stock tumbled 6.8% through 10 a.m. ET Wednesday despite reporting decent earnings last night. Analysts expected the space stock to earn $0.11 per share on sales of $150.2 million. Karman did, in fact, earn $0.11 -- with $15 1 .2 million in sales. It didn't just "beat by a penny" -- Karman beat by a million dollars (albeit in revenue)! Image source: Getty Images....
Karman Space & Defense (NYSE: KRMN) stock tumbled 6.8% through 10 a.m. ET Wednesday despite reporting decent earnings last night. Analysts expected the space stock to earn $0.11 per share on sales of $150.2 million. Karman did, in fact, earn $0.11 -- with $15 1 .2 million in sales. It didn't just "beat by a penny" -- Karman beat by a million dollars (albeit in revenue)! Image source: Getty Images. Continue reading
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today
U.S. House lawmakers want to know how hackers broke into education tech giant Instructure twice, and stole reams of data from students who use the company's flagship student data software Canvas.
U.S. House lawmakers want to know how hackers broke into education tech giant Instructure twice, and stole reams of data from students who use the company's flagship student data software Canvas.
Delta Goodrem, rappers on scooters and a Lion spray-painted silver from head to toe … as Europe’s pop circus returns amid protests and pyrotechnics, we pick the songs set to dominate this year’s grand final. Bangaranga! Oh, Vienna. The buildup to Eurovision 2026 in Austria has been beset by controversy. Five nations – including Spain, the Netherlands and seven-time winners Ireland – have boycotted...
Delta Goodrem, rappers on scooters and a Lion spray-painted silver from head to toe … as Europe’s pop circus returns amid protests and pyrotechnics, we pick the songs set to dominate this year’s grand final. Bangaranga! Oh, Vienna. The buildup to Eurovision 2026 in Austria has been beset by controversy. Five nations – including Spain, the Netherlands and seven-time winners Ireland – have boycotted the event in protest at Israel’s participation. The first semi-final on Tuesday saw chants of “free Palestine” echoing around the Wiener Stadthalle venue. The song contest’s slogan, “United by music”, feels increasingly ironic. Hardly ideal preparation for the annual pop party’s 70th anniversary. Still, the cheesy Euro-pop show must go on and Saturday night’s grand final is primed to be as compelling as ever. In fact, surprises have already been sprung. Rather randomly, Boy George co-wrote San Marino’s entry and provided guest vocals, but failed to make it through Tuesday’s semi-final. Do you really want to hurt me? For voting viewers, it seemed the answer was yes. Nul points for you, former Culture Club frontman. Continue reading...
Sundry Photography Applied Materials ( AMAT ) is set to post quarterly results on Thursday, after markets close. Wall Street expects the semiconductor equipment maker to post EPS of $2.68, implying a rise of 8.1%, while revenue is expected to rise 5.3% to $7.69B during the quarter. Santa Clara, California-based Applied Materials is benefiting from the robust demand for AI chips amid increased inve...
Sundry Photography Applied Materials ( AMAT ) is set to post quarterly results on Thursday, after markets close. Wall Street expects the semiconductor equipment maker to post EPS of $2.68, implying a rise of 8.1%, while revenue is expected to rise 5.3% to $7.69B during the quarter. Santa Clara, California-based Applied Materials is benefiting from the robust demand for AI chips amid increased investment from companies to stay ahead in the race to build out AI infrastructure. The company’s fiscal first-quarter results and guidance in February topped Wall Street's forecast. Applied's chief executive Gary Dickerson said its “outlook for 2026 and beyond are fueled by the acceleration of investments in AI computing.” Last month, the company revealed a pair of new chipmaking tools designed to operate with atomic-level precision for the new wave of AI chips. It has also recently formed several partnerships with companies including TSMC and Micron Technologies to develop next-gen memory products to address the growing demands of AI. Over the last two years, Applied Material has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time. Seeking Alpha analysts and Wall Street are bullish and rated the stock a Buy and above. Meanwhile, Seeking Alpha’s Quant ratings consider it a Hold. “We look for AMAT to provide a beat and raise and for management to highlight a robust demand environment similar to commentary from SPE peers this earnings cycle,” said Cantor Fitzgerald analyst C.J. Muse. Seeking Alpha analyst Jack Bowman said , “recent trends in the semiconductor space, the ongoing memory boom, deals with Apple moving iPhone chip production to the U.S., and general chip demand rising faster than equipment can be produced have made the market very bullish on AMAT.” Over the last three months, EPS estimates have seen 27 upward revisions , compared to no downward revisions. Revenue estimates have seen 26 upward revisions versus no downward moves. The ...
AST SpaceMobile (NASDAQ:ASTS) has been continuously surging. A satellite unfolds in orbit, a regulator signs off, a carrier signs a contract, and investors keep going back to the buy button. The stock has handed a 161% gain over the last year and the position still feels early, which is evidence that the market has not ... Easy 5X? AST Spacemobile Could Be Bigger Than Verizon and ATT
AST SpaceMobile (NASDAQ:ASTS) has been continuously surging. A satellite unfolds in orbit, a regulator signs off, a carrier signs a contract, and investors keep going back to the buy button. The stock has handed a 161% gain over the last year and the position still feels early, which is evidence that the market has not ... Easy 5X? AST Spacemobile Could Be Bigger Than Verizon and ATT
Earnings Call Insights: Reed's, Inc. (REED) Q1 2026 Management View "I first would like to say the company's operating performance in Q1 should not be viewed as indicative of our expanded performance for the balance of the year." (Interim CEO & Director Neal Cohane) "The company incurred significant charges related to liquidation of underperforming discontinued and aged SKUs as well as write-offs ...
Earnings Call Insights: Reed's, Inc. (REED) Q1 2026 Management View "I first would like to say the company's operating performance in Q1 should not be viewed as indicative of our expanded performance for the balance of the year." (Interim CEO & Director Neal Cohane) "The company incurred significant charges related to liquidation of underperforming discontinued and aged SKUs as well as write-offs associated with excess raw material inventory." (Interim CEO & Director Cohane) "We have since completed comprehensive physical inventory counts and implemented enhanced inventory controls designed to minimize the likelihood of similar charges recurring." (Interim CEO & Director Cohane) "Q1 sales performance was negatively impacted by several operational commercial factors, including the discontinuation of our heritage glass bottle packaging" and "the execution challenges associated with the transition from sleek cans to standard cans" and "limited promotional trade activity" as well as "underperformance and evolving strategic focus behind Virgil's Zero platform" and "missed category review windows that resulted in reduced shelf placement." (Interim CEO & Director Cohane) "We canceled the planned elimination of the Reed's and Virgil's heritage glass bottles and Virgil's Zero Sugar cans." (Interim CEO & Director Cohane) "Consumer and retail partner demand contributed to our decision to reverse course on those discontinuations." (Interim CEO & Director Cohane) "We retained one of the nation's largest commission-based sales agencies" and "This partnership immediately expanded our retail coverage and field presence with more than 80 sales professionals working alongside Reed's sales management." (Interim CEO & Director Cohane) "We exited a third-party Amazon fulfillment warehouse arrangement that had been generating approximately $1 million in annual losses and simultaneously partnered with a leading Amazon marketplace operator focused on driving profitable growth." (Interim CE...
Earnings Call Insights: The Eastern Company (EML) Q1 2026 Management View "This was a quarter with positives and negatives," Ryan Schroeder said, adding, "net sales of $59.7 million improved sequentially from the fourth quarter by 4%" and the improvement "reflects improved order execution and an improving demand environment." (President, CEO & Director Ryan Schroeder) Schroeder highlighted order a...
Earnings Call Insights: The Eastern Company (EML) Q1 2026 Management View "This was a quarter with positives and negatives," Ryan Schroeder said, adding, "net sales of $59.7 million improved sequentially from the fourth quarter by 4%" and the improvement "reflects improved order execution and an improving demand environment." (President, CEO & Director Ryan Schroeder) Schroeder highlighted order activity and visibility, saying, "Strengthening order conversion drove sequential backlog growth to $82.2 million for the second consecutive quarter" and "we also are seeing customers commit to orders for the second half of 2026, which gives us better visibility than we had at this point a year ago." (President, CEO & Director Schroeder) Management’s central operational issue was at Big 3’s racks business: "our racks team quoted orders in the fourth quarter, which were discovered to be below our margin thresholds," and the company said it "tightened the quoting processes, adjusted the delegation of authority and installed a cross-functional review process that improves accountability." (President, CEO & Director Schroeder) Nicholas Vlahos attributed the year-over-year sales decline largely to returnable transport packaging, stating, "net sales decreased approximately 6% to $59.7 million from $63.3 million in the first quarter of 2025, due primarily to decreased shipments resulting from lower order volume of returnable transport packaging products." (VP & CFO Nicholas Vlahos) Outlook Schroeder framed the demand setup as improving but cautious: "Taken together, the demand environment heading into the remainder of 2026 is more constructive than it was in the second half of 2025," while adding, "the macro backdrop continues to require active monitoring, and we are managing the business with appropriate caution as the recovery solidifies." (President, CEO & Director Schroeder) On the expected duration of the Big 3 profitability headwind, Schroeder said, "We have determined that t...
JHVEPhoto/iStock Editorial via Getty Images Akamai ( AKAM ) was upgraded to Buy from Neutral by Bank of America Securities due in part to its shift from a legacy delivery network provider to an artificial intelligence infrastructure platform. BofA also increased its price target on the stock to $175 from $130. Akamai shares climbed 6% during Wednesday morning market action. "Cloud Infrastructure S...
JHVEPhoto/iStock Editorial via Getty Images Akamai ( AKAM ) was upgraded to Buy from Neutral by Bank of America Securities due in part to its shift from a legacy delivery network provider to an artificial intelligence infrastructure platform. BofA also increased its price target on the stock to $175 from $130. Akamai shares climbed 6% during Wednesday morning market action. "Cloud Infrastructure Services is inflecting, growing 40% YoY, with momentum supported by AI workloads and edge inference use cases," said BofA analysts Tal Liani and Trevor Dodds in a Wednesday investor note. "Management is winning on latency and distributed architecture versus centralized cloud peers. We expect the new deal to add $20–25 million per quarter starting in 4Q, creating more recurring, capacity-based revenue." The 40% growth in CIS more than offsets the 7% decline in delivery services. Security services also increased by 11% in the company's latest earnings report . "Debates center on the durability of CIS growth and competitive positioning versus hyperscalers," Liani added. "Risks include slower AI adoption, continued pricing pressure in delivery, and heavier investment dampening margins." More on Akamai Akamai Technologies Cements Itself As An AI Beneficiary Akamai Technologies, Inc. (AKAM) Q1 2026 Earnings Call Transcript Akamai Collapse: Did Anthropic Just Kill Its Prospects? I Think Not Akamai surges as analysts praise 'landmark' cloud AI infrastructure deal 19 of 20 S&P 500 tech companies beat EPS estimates: Earnings scorecard
imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended May 8: 452.9 M barrels . Crude inventory change: -4.3M barrels vs. -2.3M barrels for the week ended May 1. Consensus estimate: -2.000M. Gasoline inventory change: -4.1M barrels vs. -2.5M barrels for the week ended May 1. Distillates inventory change: +0.2M barrels vs. -1.3M...
imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended May 8: 452.9 M barrels . Crude inventory change: -4.3M barrels vs. -2.3M barrels for the week ended May 1. Consensus estimate: -2.000M. Gasoline inventory change: -4.1M barrels vs. -2.5M barrels for the week ended May 1. Distillates inventory change: +0.2M barrels vs. -1.3M barrels for the week ended May 1. Strategic Petroleum Reserve: 384.1M barrels , down -8.6M barrels from 392.7M barrels in the prior week. Oil inventories are falling around the world at a record pace and will continue to drop for months as the disruption to Middle East supplies from the Iran war intensifies, according to the International Energy Agency's latest monthly report. Global observed oil inventories declined at a rate of about 4M barrels a day in March and April, the report said. Crude oil futures ( CL1:COM ) +1.27 % to $103.47/barrel. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( XLE ). More on Crude Oil Futures Silver To Oil Ratio Completely Out Of Whack: Trading Angles WTI Crude Is Poised For A Potential Volatility Bullish Breakout Above $102.54/Bbl Upside Chasing In Tech Stocks Surges To Covid Extremes Global oil inventories seen declining faster than expected as Iran war continues - EIA U.S. crude stockpiles fell 2.2M barrels last week, API says
Crude oil is back in the headlines for the same reason it usually is: geopolitics. West Texas Intermediate prices are volatile on Iran-related risk premiums, creating opportunities. For retail investors, small-cap exploration and production names trading under $10 offer some of the most direct operating leverage to that move, without paying mega-cap multiples. With that ... One Yields 8.8%. One Is...
Crude oil is back in the headlines for the same reason it usually is: geopolitics. West Texas Intermediate prices are volatile on Iran-related risk premiums, creating opportunities. For retail investors, small-cap exploration and production names trading under $10 offer some of the most direct operating leverage to that move, without paying mega-cap multiples. With that ... One Yields 8.8%. One Is Up 83% in a Year. One Could Be Sold to a Bigger Rival. All Three Are Under $10
Getty Images Last month, we argued that the time had come to dump shares of Tesla, Inc. ( TSLA ). Although the stock has appreciated since that article came out, thanks to the release of a fairly decent earnings report for Q1 , we still believe that the further upside is limited while the downside to the company’s shares remains significant. The fact that Tesla is about to experience a major bump ...
Getty Images Last month, we argued that the time had come to dump shares of Tesla, Inc. ( TSLA ). Although the stock has appreciated since that article came out, thanks to the release of a fairly decent earnings report for Q1 , we still believe that the further upside is limited while the downside to the company’s shares remains significant. The fact that Tesla is about to experience a major bump in capital expenditures and is now expected to become free cash flow negative is a red flag for us. Also, the Q1 report indicated that Tesla has benefited from some currency FX tailwinds and automotive one-time benefits that might not be present in the upcoming earnings reports later this year. As such, there’s a decent chance that the upcoming earnings reports won’t be as successful as the one we saw last month. This is why we are maintaining our Sell rating on Tesla and don’t think that it’s worth buying the company’s shares right now. Tesla’s Core Business Faces Major Issues The Q1 report was fairly decent, considering that the revenues exceeded expectations. However, after going through the full report , it seems that the results were not as great as the headline numbers show. Yes, the revenues increased by 15.8% Y/Y to $22.39 billion and beat the expectations by $190 million. However, the company would’ve missed the expectations if it was not for the $900 million positive FX impact that Tesla experienced during the quarter. The 21.1% headline GAAP gross margin also looks impressive as it was up 478 bps Y/Y. However, Tesla also pointed out that it had received automotive one-time benefits related to warranty and tariffs. This shows that some positive developments that occurred in Q1 were thanks to the non-recurrent things that might not materialize in the following quarters. If that’s the case, then it will become harder for Tesla to exceed expectations in the future. In addition, the operating margin actually compressed Q/Q in Q1 to 4.2%, down from 5.7% in Q4. This is ...
rarrarorro/iStock via Getty Images Introduction In an update earlier this year, I mentioned ACNB Corp. ( ACNB ), the Pennsylvania-based bank, was hit by nonrecurring items . The bank has now reported on its financial performance in the first quarter of 2026, and I'm glad to see a substantially stronger financial performance. ACNB Investor Relations The loan book remains in a very strong position, ...
rarrarorro/iStock via Getty Images Introduction In an update earlier this year, I mentioned ACNB Corp. ( ACNB ), the Pennsylvania-based bank, was hit by nonrecurring items . The bank has now reported on its financial performance in the first quarter of 2026, and I'm glad to see a substantially stronger financial performance. ACNB Investor Relations The loan book remains in a very strong position, as the bank was actually able to revert some of its previously recorded provisions. And the majority of the loans that are classified as "past due" are backed by (residential) real estate, which usually indicates losses on these soured loans should be manageable as there is collateral that could be monetized. Data by YCharts The Q1 results: A robust set In the first quarter of 2026, ACNB reported total interest and dividend income of approximately $42.2M. That's approximately one-sixth higher than the same quarter one year ago. At the same time, the total amount of interest expenses increased by just over 5%, and this, of course, provided a very major boost to the net interest income, which jumped by approximately 15% to $32.5M . ACNB Investor Relations It goes without saying that a robust net interest income is important for the company, as it needs to cover the net non-interest expenses as well, and those came in at just over $15M. That's a very nice decrease compared to the first quarter of last year, but keep in mind the same period last year included some non-recurring items related to the merger with Traditions Bancorp . One key element to highlight here in the income statement is, of course, the reversal of loan loss provisions. Whereas most banks see a small uptick in their provisions compared to last year, ACNB is able to do the opposite. This resulted in a pre-tax income of approximately $17.3M. The bottom line result was a very strong $13.7M in net income, which translated into an EPS of $1.32. The quarterly dividend was now increased to $0.42 per share , which m...
Getty Images Last month, we argued that the time had come to dump shares of Tesla, Inc. ( TSLA ). Although the stock has appreciated since that article came out, thanks to the release of a fairly decent earnings report for Q1 , we still believe that the further upside is limited while the downside to the company’s shares remains significant. The fact that Tesla is about to experience a major bump ...
Getty Images Last month, we argued that the time had come to dump shares of Tesla, Inc. ( TSLA ). Although the stock has appreciated since that article came out, thanks to the release of a fairly decent earnings report for Q1 , we still believe that the further upside is limited while the downside to the company’s shares remains significant. The fact that Tesla is about to experience a major bump in capital expenditures and is now expected to become free cash flow negative is a red flag for us. Also, the Q1 report indicated that Tesla has benefited from some currency FX tailwinds and automotive one-time benefits that might not be present in the upcoming earnings reports later this year. As such, there’s a decent chance that the upcoming earnings reports won’t be as successful as the one we saw last month. This is why we are maintaining our Sell rating on Tesla and don’t think that it’s worth buying the company’s shares right now. Tesla’s Core Business Faces Major Issues The Q1 report was fairly decent, considering that the revenues exceeded expectations. However, after going through the full report , it seems that the results were not as great as the headline numbers show. Yes, the revenues increased by 15.8% Y/Y to $22.39 billion and beat the expectations by $190 million. However, the company would’ve missed the expectations if it was not for the $900 million positive FX impact that Tesla experienced during the quarter. The 21.1% headline GAAP gross margin also looks impressive as it was up 478 bps Y/Y. However, Tesla also pointed out that it had received automotive one-time benefits related to warranty and tariffs. This shows that some positive developments that occurred in Q1 were thanks to the non-recurrent things that might not materialize in the following quarters. If that’s the case, then it will become harder for Tesla to exceed expectations in the future. In addition, the operating margin actually compressed Q/Q in Q1 to 4.2%, down from 5.7% in Q4. This is ...
SEATTLE, May 13, 2026 (GLOBE NEWSWIRE) -- Envorso, a technology consulting firm serving leading tech, automotive, and mobility companies such as Nvidia, Qualcomm, Bosch, Stellantis, Microsoft, and Rivian, today named Stuart Taylor as Chief Executive Officer. In this role, Taylor will have full responsibility for the company’s strategic direction, operations, and financial performance. He was previ...
SEATTLE, May 13, 2026 (GLOBE NEWSWIRE) -- Envorso, a technology consulting firm serving leading tech, automotive, and mobility companies such as Nvidia, Qualcomm, Bosch, Stellantis, Microsoft, and Rivian, today named Stuart Taylor as Chief Executive Officer. In this role, Taylor will have full responsibility for the company’s strategic direction, operations, and financial performance. He was previously the company’s Chief Product Officer. "Stuart combines deep technical expertise with hands-on f