Moment Capsule Photography Samsung Electronics ( SSNLF ) lost as much as 99.07T won ($66.18B) in market value on Wednesday after it failed to reach a wage agreement with its labor union. This represented an intraday drop of as much as 6.09% in its share price from yesterday’s close of 279,000 won, and comes as its labor union threatened an 18-day strike from May 21 if its demands were not met. Mor...
Moment Capsule Photography Samsung Electronics ( SSNLF ) lost as much as 99.07T won ($66.18B) in market value on Wednesday after it failed to reach a wage agreement with its labor union. This represented an intraday drop of as much as 6.09% in its share price from yesterday’s close of 279,000 won, and comes as its labor union threatened an 18-day strike from May 21 if its demands were not met. More than 41,000 workers are expected to take part in the walkout, which was first announced at a rally on April 23. “I would like to express some regret that none of the agenda items requested by the union have been addressed,” union representative Choi Seung-ho told reporters Wednesday, according to a report by Reuters. The demands center on Samsung’s ( SSNLF ) performance-based bonus system. The union is reportedly demanding that the company allocate 15% of its operating profit to workers as performance bonuses, scrap caps on bonus payouts, and formalize the bonus structure. Samsung’s management offered to allocate 10% of operating profit to bonuses and provide a one-time special compensation package, according to South Korean news agency Yonhap. The union said its rally on April 23, which drew 40,000 workers, caused a 58% drop in foundry production and an 18% fall in memory production for Samsung on that day, according to a CNBC report. It added that an 18-day strike could cost Samsung 30T won, or about $20B. In a post on X , South Korea’s Finance Minister Koo Yun Cheol said the government “deeply regrets” the failure to reach a resolution and warned that “strikes must never happen under any circumstances.” “Samsung Electronics is an important company that the world is watching,” Koo wrote. “Considering the current management situation and its impact on the national economy, both labor and management sides must continue to strive to achieve principled negotiations.” Shares of Samsung later reversed losses and turned positive after Koo’s post and remarks by Prime Ministe...
Pixelbizz/iStock Editorial via Getty Images Investment Thesis Avery Dennison could be trading for a discount right now based on my free cash flow valuation model; however, the most recent earnings release was mixed. Additionally, there are some pressures facing the business right now, and thus I am reiterating my HOLD rating. Previous Coverage In mid-July last year I covered Avery Dennison ( AVY )...
Pixelbizz/iStock Editorial via Getty Images Investment Thesis Avery Dennison could be trading for a discount right now based on my free cash flow valuation model; however, the most recent earnings release was mixed. Additionally, there are some pressures facing the business right now, and thus I am reiterating my HOLD rating. Previous Coverage In mid-July last year I covered Avery Dennison ( AVY ), and at the time I rated the stock a HOLD due to a mixed earnings history and slightly unfavorable valuation. Since my initial coverage, the stock has had its ups and downs, bottoming out at $156 in mid-October before surging to nearly $200 per share a few months ago. Over that same time period, while the stock has slid lower, the overall market has posted a solid return, approaching 16%. The stock was on a decent run until early March when Mitch Butier, Executive Chairman, sold a sizable amount of stock, which resulted in the price declining more than 10% in about a week's time. Nearly two weeks ago, the company reported their Q1 2026 earnings, so I thought now would be a good time to re-examine AVY. We'll review the most recent earnings report and take a look at an updated valuation based on refreshed free cash flow numbers. Data by YCharts Q1 2026 Earnings & Looking Ahead Approximately two weeks ago, on Tuesday, April 28th, Avery Dennison announced their Q1 2026 earnings with strong results. Non-GAAP earnings per share came in at $2.47, topping estimates by $0.04 on revenue of $2.3B, which also exceeded analyst expectations by $40M and was a year-over-year increase of 7.5%. Breaking down the Materials segment first, total revenue (excluding intersegment sales) reached almost $1.65B, an increase of about $170M relative to Q1 2025, when this segment posted sales of $1.48B. Digging a little deeper, we can see segment revenue was up more than 11% overall, with about 2% stemming from organic growth and 3.6% in total sales, while the remaining ~7.8% was the result of strong f...
Earnings Call Insights: TriSalus Life Sciences (TLSI) Q1 2026 Management View CEO Mary Szela framed Q1 as a deliberate build year, saying the company executed a “deliberate realignment and significant expansion of our commercial organization” to “capture the multiyear growth” expected as new clinical and health economic evidence emerges. On the commercial reset, CEO Szela said, “As of May, the new...
Earnings Call Insights: TriSalus Life Sciences (TLSI) Q1 2026 Management View CEO Mary Szela framed Q1 as a deliberate build year, saying the company executed a “deliberate realignment and significant expansion of our commercial organization” to “capture the multiyear growth” expected as new clinical and health economic evidence emerges. On the commercial reset, CEO Szela said, “As of May, the new significantly expanded sales organization is largely in place,” while emphasizing Q1 revenue reflected “territory realignment, representative onboarding, representative time out of the field for training and the rebuilding of account relationships” across “roughly 60% of our territories” that stayed intact and “the remaining 40%” where the company “deliberately modified 2 critical relationships at the same time.” CEO Szela disclosed a full-year guidance cut and tied it to two drivers, stating, “We are revising our full year 2026 revenue guidance to a range of $54 million to $57 million,” citing “lower Q1 revenues from the commercial expansion” and “the delayed FDA clearance timing for TriNav Advance.” On regulatory timing, CEO Szela said, “FDA review of TriNav Advance is now running approximately 5 months past the 30-day MDUFA review goal,” adding, “while we still expect clearance in the second half of the year, we are taking a prudent approach to forecasting the launch,” and that the timing shift “removes our Advance revenue expectations from the second half of the year due to the clearance delay.” CEO Szela highlighted new real-world evidence as the quarter’s key development, calling it “the publication of landmark real-world evidence on PEDD,” and said the study showed “roughly $7,700 per patient in cost avoidance,” with fewer complications and hospitalizations. CFO David Patience summarized Q1 results and spending, stating, “Revenue for the first quarter was $8.9 million,” “Gross margin for the quarter was 86%,” and the quarter ended with “cash and cash equivalents tot...
panida wijitpanya Employees at Meta Platforms ( META ) staged protests across multiple U.S. offices against newly installed mouse-tracking software, distributing flyers and petitions criticizing the technology as intrusive workplace surveillance, according to Reuters report that cites photos of the pamphlets. "Don't want to work at the Employee Data Extraction Factory?" the pamphlet read, accordi...
panida wijitpanya Employees at Meta Platforms ( META ) staged protests across multiple U.S. offices against newly installed mouse-tracking software, distributing flyers and petitions criticizing the technology as intrusive workplace surveillance, according to Reuters report that cites photos of the pamphlets. "Don't want to work at the Employee Data Extraction Factory?" the pamphlet read, according to the report . The pamphlets and petition distributed also cited the U.S. National Labor Relations Act, stating that "workers are legally protected when they choose to organize for the improvement of working conditions." These protests come ahead of Meta’s ( META ) planned 10% workforce reduction and reflect growing internal concerns that employee activity data is being used to train AI systems that could eventually automate jobs. Meta ( META ) spokesperson Andy Stone pointed to an earlier company statement defending the mouse-tracking technology. "If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people actually use them — things like mouse movements, clicking buttons, and navigating dropdown menus," the statement said. More on Meta Why Meta Is My Top Pick: Priced For A Recession With Massive Upside Meta: Reiterating Strong Buy After The Post-Earnings Drawdown Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Meta temporarily provides AI chatbots with WhatsApp access during EU investigation Meta Platforms sued by Santa Clara County over scam ads - update
panida wijitpanya Employees at Meta Platforms ( META ) staged protests across multiple U.S. offices against newly installed mouse-tracking software, distributing flyers and petitions criticizing the technology as intrusive workplace surveillance, according to Reuters report that cites photos of the pamphlets. "Don't want to work at the Employee Data Extraction Factory?" the pamphlet read, accordi...
panida wijitpanya Employees at Meta Platforms ( META ) staged protests across multiple U.S. offices against newly installed mouse-tracking software, distributing flyers and petitions criticizing the technology as intrusive workplace surveillance, according to Reuters report that cites photos of the pamphlets. "Don't want to work at the Employee Data Extraction Factory?" the pamphlet read, according to the report . The pamphlets and petition distributed also cited the U.S. National Labor Relations Act, stating that "workers are legally protected when they choose to organize for the improvement of working conditions." These protests come ahead of Meta’s ( META ) planned 10% workforce reduction and reflect growing internal concerns that employee activity data is being used to train AI systems that could eventually automate jobs. Meta ( META ) spokesperson Andy Stone pointed to an earlier company statement defending the mouse-tracking technology. "If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people actually use them — things like mouse movements, clicking buttons, and navigating dropdown menus," the statement said. More on Meta Why Meta Is My Top Pick: Priced For A Recession With Massive Upside Meta: Reiterating Strong Buy After The Post-Earnings Drawdown Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Meta temporarily provides AI chatbots with WhatsApp access during EU investigation Meta Platforms sued by Santa Clara County over scam ads - update
Channel 4 takes an unvarnished, extraordinary delve into a troubling case. Plus, could butterflies be the secret to a longer life? Here’s watch to watch this evening 10pm, Channel 4 Continue reading...
Channel 4 takes an unvarnished, extraordinary delve into a troubling case. Plus, could butterflies be the secret to a longer life? Here’s watch to watch this evening 10pm, Channel 4 Continue reading...
(RTTNews) - Adecco Group (ADEN.SW) reported that its first quarter net income attributable to shareholders increased to 69 million euros from 60 million euros, prior year. Earnings per share was 0.41 euros compared to 0.36 euros. Adjusted net income attributable to shareholders i
(RTTNews) - Adecco Group (ADEN.SW) reported that its first quarter net income attributable to shareholders increased to 69 million euros from 60 million euros, prior year. Earnings per share was 0.41 euros compared to 0.36 euros. Adjusted net income attributable to shareholders i
ABN Amro Bank NV reported quarterly profit that beat analysts’ estimates as fee income surged and lending income also rose. Net income for the three months through March amounted to €692 million ($812 million), the Amsterdam-headquartered lender said in a statement on Wednesday. That compared with analyst expectations of €597.2 million in a Bloomberg survey. Chief Executive Officer Marguerite Bera...
ABN Amro Bank NV reported quarterly profit that beat analysts’ estimates as fee income surged and lending income also rose. Net income for the three months through March amounted to €692 million ($812 million), the Amsterdam-headquartered lender said in a statement on Wednesday. That compared with analyst expectations of €597.2 million in a Bloomberg survey. Chief Executive Officer Marguerite Berard , who’s been at the helm for a year, has sought to cut costs and pull back from less profitable businesses. She’s cutting a net 5,200 staff by 2028, offloading a personal loan unit and bolstering ABN Amro’s retail banking presence with a €960-million acquisition of Dutch competitor. ABN Amro eliminated 528 jobs in the first quarter, while saying it expects a “moderation in the pace of reductions” for the rest of the year. The bank also improved its guidance for costs in the full year to about €5.5 billion. Net interest income —the difference between what the bank earns on loans and pays on deposits— beat estimates in the first quarter. Fees rose 20%, buoyed by its purchase of German wealth manager Hauck Aufhäuser Lampe AG and the clearing business, which has benefited from elevated market volatility, it said. Dutch banks, which still largely depend on interest-linked income, are set to benefit from potential rate increases by the European Central Bank as it assesses fallout from the Iran war. “The Dutch economy has remained resilient so far, although the war in the Middle East has increased uncertainty,” Berard said in the statement. “We maintain a conservative outlook for Dutch house price growth and expect fewer transactions this year.” ABN Amro still targets a return on equity of more than 12% and a cost-to-income ratio of below 55% in 2028. The Dutch state, which is ABN Amro’s largest shareholder, has been steadily paring its stake in the lender with a goal of reaching about 20%. Its holding stood at 24.9%, according to a regulatory filing in April. Net interest inco...