Apple's third-quarter guidance beat analyst expectations on revenue and all the way down the income statement. Despite component shortages and high prices, gross margin guidance was for 48% at the midpoint, versus expectations of 47.
Apple's third-quarter guidance beat analyst expectations on revenue and all the way down the income statement. Despite component shortages and high prices, gross margin guidance was for 48% at the midpoint, versus expectations of 47.
BlakeDavidTaylor/iStock Unreleased via Getty Images About a month ago, the news surfaced that Brown-Forman ( BF.B ) and Pernod Ricard ( PRNDY ) had been engaged in talks about a potential business combination. That was a major development that was about to create a global brand powerhouse in the spirits sector that was going to be on an equal footing with Diageo ( DEO ). I discussed in detail why ...
BlakeDavidTaylor/iStock Unreleased via Getty Images About a month ago, the news surfaced that Brown-Forman ( BF.B ) and Pernod Ricard ( PRNDY ) had been engaged in talks about a potential business combination. That was a major development that was about to create a global brand powerhouse in the spirits sector that was going to be on an equal footing with Diageo ( DEO ). I discussed in detail why a potential deal was going to be a game changer for the industry and, most of all, for Brown-Forman. Earlier this week, however, a press release from Pernod Ricard announced that the talks have been terminated, and as a result, BF.B stock fell by 10% on the day. Pernod Ricard Website Despite the sharp daily drop of BF.B, it is still up by nearly 6% after the talks were announced, and long-term investors should not rule out a scenario where Brown-Forman is engaged in some form of a business combination in the future. Data by YCharts Why Brown-Forman Will Not Go Alone Family-owned businesses are rarely subject to M&A deals, up until the family and the large investors around it decide that a deal would be the best way forward. That is why, even though the talks with Pernod Ricard fell through, it seems highly likely that Brown-Forman would continue to look for a potential buy or some form of partnership. Although the deal was marketed as a "merger of equals" in reality it was more of a potential acquisition of Brown-Forman by Pernod Ricard. That is why the latter used the word "akin" in its initial press release. Following recent speculation in the press, Pernod Ricard confirms that it is in discussions regarding a potential business combination with Brown-Forman. If agreed and subject to customary approvals, this partnership would be akin to a merger of equals, drawing from the talent and expertise of both companies, and creating value for shareholders of both companies. Source: pernod-ricard.com If a deal between the two is indeed off the table, then to an extent this would ...
Joshua Westbrook Roku ( ROKU ) realized a 22% increase in revenue in the first quarter, powered by increased ad and subscription revenue, along with a 28% increase in platform revenue, resulting in $1.25B in total sales, beating estimates by $50M. “We delivered an outstanding first quarter,” said Roku CEO Anthony Wood, noting double-digit gains in platform growth, higher profits, and increased fre...
Joshua Westbrook Roku ( ROKU ) realized a 22% increase in revenue in the first quarter, powered by increased ad and subscription revenue, along with a 28% increase in platform revenue, resulting in $1.25B in total sales, beating estimates by $50M. “We delivered an outstanding first quarter,” said Roku CEO Anthony Wood, noting double-digit gains in platform growth, higher profits, and increased free cash flow. Roku ( ROKU ) also had its best quarter ever for new Premium subscriptions, contributing to a 23% increase in all new subscriptions during the quarter. Streaming hours increased 8% to 38.7B. Devices revenue, however, was down 16% year-over-year to $117.6M. On the bottom-line, total gross profit rose 27% to $565M, while adjusted EBITDA shot up 165% to $85.7M. On a per-share basis, Roku ( ROKU ) swung to a profit of $0.57 per share versus a loss of $0.19 in the same quarter last year and $0.24 better than expected. Looking ahead to Q2, Roku ( ROKU ) expects 20% growth in platform revenue and devices revenue to be down high-single digits, resulting in total net revenue of $1.3B, slightly better than $1.29B estimates. For the full fiscal year, the company raised its outlook for platform revenue to be up 21% (from +18% previously) to $5.0B and devices revenue of $535M for total net revenue of $5.5B, in-line with expectations. More on Roku Roku Has A Blast, AI Looks To Be A Tailwind Roku: Incremental Margins Are Foreshadowing Strong Returns Roku, Inc. (ROKU) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript Roku GAAP EPS of $0.57 beats by $0.24, revenue of $1.25B beats by $50M Roku Q1 2026 Earnings Preview: Bullish sentiment for the quarter and year ahead
CALGARY, Alberta, April 30, 2026 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. ("Badger", the "Company", "we", "our" or "us") (TSX:BDGI) reported first quarter results today. All results are presented in U.S. dollars unless otherwise stated.
CALGARY, Alberta, April 30, 2026 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. ("Badger", the "Company", "we", "our" or "us") (TSX:BDGI) reported first quarter results today. All results are presented in U.S. dollars unless otherwise stated.
M. Suhail/iStock Editorial via Getty Images I last covered Snap-on Incorporated ( SNA ) over 6 years ago. It was, at the time, one of my "corona discounts," and the investment has done very well since then, significantly outperforming the SPY. I, unfortunately, only bought a small position in the company, and I sold it about 2 years ago at what I viewed as a "peak" in the valuation. The company tu...
M. Suhail/iStock Editorial via Getty Images I last covered Snap-on Incorporated ( SNA ) over 6 years ago. It was, at the time, one of my "corona discounts," and the investment has done very well since then, significantly outperforming the SPY. I, unfortunately, only bought a small position in the company, and I sold it about 2 years ago at what I viewed as a "peak" in the valuation. The company turned out to grow much more than that. Today, I'm giving you an update on the company and its potential appeal as an investment for 2026 and beyond. A growth like the one we've been seeing is likely to make a company like that relatively unattractive, all things considered. It's not that Snap-on is in any way a bad company - it's an excellent business. It has superb fundamentals, mentioning only briefly its A-rating as well as its very low debt ratio, including a sub-14% long-term debt to capital. Again, very superb in terms of fundamentals. The challenges we have in the company are mostly related to the business valuation. Usually, the company has been trading at 16-18x P/E at most. As of right now, it's significantly above that, without really providing what I believe to be an AEPS growth rate justifying that multiple, since the recent few years and prospective forward few years are either low growth, no growth, or even, as in 2025, a negative AEPS growth rate. So this update is about the potential appeal of a great stock at a value that is not so great. The thing is, the company also has the forecasts on its side. It either hits or beats, and it hasn't missed estimates for 10 years or more at this point. But a high valuation does not automatically mean that the company grows - that's what many investors misunderstand. We can't really use previous results as a 100% secure basis for future estimates. That means that this premiumization, compared to my corona discount, is at a level that's mostly unheard of. Snap-on - Upside In 2026 And Forward Snap-on's primary challenge is...
I can't tell you how many times over the last few years that I've publicly advocated for Palantir Technologies (NASDAQ: PLTR) . The data analytics company that has growing influence in both the private sector and in government work has been a huge winner for investors over the years. In fact, a $10,000 investment five years ago would be worth nearly $58,000 today. Palantir has plenty of detractors...
I can't tell you how many times over the last few years that I've publicly advocated for Palantir Technologies (NASDAQ: PLTR) . The data analytics company that has growing influence in both the private sector and in government work has been a huge winner for investors over the years. In fact, a $10,000 investment five years ago would be worth nearly $58,000 today. Palantir has plenty of detractors, primarily because of its valuation. A forward price-to-earnings ratio of 104 and a forward price-to-sales ratio of 45 is way too rich for many -- and that number has dropped dramatically in the last six months. And now that the Trump administration has proposed a mammoth $1.5 trillion budget for the Department of Defense in 2027, Palantir appears even more attractive to any investor seeking long-term returns. Continue reading
Max Verstappen says the changes to F1's rules amount to "a tickle" in terms of addressing his and other drivers' concerns about the new style of racing.
Max Verstappen says the changes to F1's rules amount to "a tickle" in terms of addressing his and other drivers' concerns about the new style of racing.
Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down. Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineu...
Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down. Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”. Continue reading...
monsitj/iStock via Getty Images Gold futures rose Thursday after falling for three straight days, as the dollar dropped and oil prices eased, with traders weighing the potential for renewed military action between the U.S. and Iran. The dollar fell as Japan intervened in the foreign exchange market to prop up the yen, its first official intervention in nearly two years; a weaker dollar makes green...
monsitj/iStock via Getty Images Gold futures rose Thursday after falling for three straight days, as the dollar dropped and oil prices eased, with traders weighing the potential for renewed military action between the U.S. and Iran. The dollar fell as Japan intervened in the foreign exchange market to prop up the yen, its first official intervention in nearly two years; a weaker dollar makes greenback-priced metals more affordable for holders of other currencies. Oil prices turned lower after hitting four-year highs earlier in the session amid r eports that President Trump was being briefed by military commanders about options after saying this week that he would maintain a naval blockade of Iranian ports, heightening concerns that the Strait of Hormuz would not reopen anytime soon. However, gold's gain likely will be capped by ongoing concerns over higher inflation stemming from higher oil prices caused by the war, and Fed Chair Powell warned this week that inflation may rise in the months to come. "Dip-buying emerged after a three-day decline," MUFG's Soojin Kim said in a note, but "rising Treasury yields further pressured gold, while the ongoing Middle East conflict, now in its ninth week, continues to fuel inflation risks through elevated energy prices and the near-total shutdown of the Strait of Hormuz." Analysts at Citi said pressure to sell gold could remain in the near term because of Middle East uncertainty, but the metal should eventually regain its appeal as a safe-haven asset, reiterating their price targets at $4,300/oz for the next three months and $5K for the 6-12 month window. Front-month Comex gold ( XAUUSD:CUR ) for May delivery gained 1.5% to $4,614.70/oz, and front-month Comex May silver ( XAGUSD:CUR ) jumped 2.7% to $73.534/oz. Gold and silver fell 0.7% and 1.5%, respectively, during April, the second consecutive monthly decline for both metals; for silver, the two-month slide was the largest in dollars since 1980, while in percentage it wa...
ablokhin/iStock Editorial via Getty Images The stock market thrives on disagreements. But if there's one thing that most investors can agree on, it's that Warren Buffett has earned the title of greatest investor of all time. Berkshire Hathaway ( BRK.A ) ( BRK.B ) has performed extremely well over the past 50 years, outperforming the S&P 500 for decades. The returns have been phenomenal over time, ...
ablokhin/iStock Editorial via Getty Images The stock market thrives on disagreements. But if there's one thing that most investors can agree on, it's that Warren Buffett has earned the title of greatest investor of all time. Berkshire Hathaway ( BRK.A ) ( BRK.B ) has performed extremely well over the past 50 years, outperforming the S&P 500 for decades. The returns have been phenomenal over time, but there’s no income stream. Owning BRK.B means selling shares if you need cash, which introduces timing risk and tax problems. The VistaShares Target 15 Berkshire Select Income ETF ( OMAH ) addresses this problem. It wraps Berkshire’s publicly disclosed equity portfolio into an ETF and overlays a covered call strategy targeting a 15% annual yield, paid monthly. Heavily outperforming the underlying in the past year, this fund is worth taking a look at for investors who like Berkshire’s holdings. OMAH Fund Overview Name: VistaShares Target 15 Berkshire Select Income ETF Ticker: OMAH Inception: March 5, 2025 AUM: ~$715 million Expense Ratio: 0.95% Distribution: Monthly (15% targeted annual yield; recent payout $0.25/share) Underlying Strategy: Replicates Berkshire Hathaway’s largest holdings with a covered-call overlay Top Holdings: Apple (10%), Berkshire Hathaway (9%), American Express, Coca-Cola, Chevron Issuer: VistaShares Strategy and Holdings OMAH’s options strategy is built around selling out-of-the-money call options on its holdings, but as an actively managed fund, it's a little bit more complicated than that. The fund managers dynamically adjust the percent of coverage, strike prices, and timing of the trades depending on different market conditions. This allows the fund to capture more premiums when volatility is higher and take advantage of price appreciation when the markets are trending up. The fund also has the ability to roll-call positions, meaning that if the underlying stock rallies past the strike price and the managers believe the move has further to run,...
Meta Platforms (NASDAQ:META) , a social media and virtual reality company, closed Thursday at $611.91, down 8.55%. Shares dropped after Q1 results paired strong revenue and EPS beats with sharply higher AI and infrastructure capex guidance, and investors are watching how rising spending and softer user trends affect future AI monetization. The company’s trading volume reached 52.6 million shares, ...
Meta Platforms (NASDAQ:META) , a social media and virtual reality company, closed Thursday at $611.91, down 8.55%. Shares dropped after Q1 results paired strong revenue and EPS beats with sharply higher AI and infrastructure capex guidance, and investors are watching how rising spending and softer user trends affect future AI monetization. The company’s trading volume reached 52.6 million shares, which is about 218% above compared with its three-month average of 16.2 million shares. The S&P 500 (SNPINDEX:^GSPC) added 1.08% to finish at 7,209.1, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.89% to close at 24,892. Within social media and advertising, industry peers Alphabet (NASDAQ:GOOGL) closed at $381.4, up 9.97%, and Snap (NYSE:SNAP) ended at $6.07, rising 1.51%, highlighting mixed reactions across platform stocks. Continue reading
Apple gave a better-than-expected sales forecast for its current quarter during the conference call Thursday, sending shares higher. Apple said it expects fiscal third-quarter revenue to grow between 14% to 17% from the prior year, which is better than analyst estimates for 9% growth.
Apple gave a better-than-expected sales forecast for its current quarter during the conference call Thursday, sending shares higher. Apple said it expects fiscal third-quarter revenue to grow between 14% to 17% from the prior year, which is better than analyst estimates for 9% growth.
Oleksandr Lanevskyi/iStock via Getty Images Since the Buy call issued in December last year, a lot of things have changed for the Cohen & Steers Infrastructure Fund ( UTF ). The earlier accumulation call was based on a healthy discount, NAV upside potential of the underlying holdings, and income durability. The discount still persists—it has not normalized nor widened further, either. The lack of ...
Oleksandr Lanevskyi/iStock via Getty Images Since the Buy call issued in December last year, a lot of things have changed for the Cohen & Steers Infrastructure Fund ( UTF ). The earlier accumulation call was based on a healthy discount, NAV upside potential of the underlying holdings, and income durability. The discount still persists—it has not normalized nor widened further, either. The lack of discount normalization is expected given the macro environment has become more uncertain since December as a global energy crisis and US stagflation possibilities have grown. Importantly, despite this backdrop, the discount has not widened further, suggesting that a large part of the macro risk was already priced in during the sharp repricing seen late last year, with current levels reflecting a more balanced risk-reward. While most of the discount is still at the same level, the NAV has grown strongly over the past ~4 months. A look at some of the top holdings shows that this NAV growth is not merely an earnings-led rally—there has been a degree of multiple normalization from the lows of late last year. The net result has been that UTF has delivered strong total returns of ~15% in just over 4 months. Data by YCharts My forward view is that while the macro situation is still uncertain and rates could indeed stay high for far longer than expected (despite rapid geopolitical developments in today's world), the current discount appears to compensate for much of the macro and leverage-related risks. Even if there is a further discount widening or a NAV drop in the underlying stocks (if multiples come under stress), several supportive factors, such as UTF's healthy yields, thematic purity and hence lack of narrative-driven or speculative exposures, slightly lower leverage, and diversified portfolio construction with stable cash flow visibility, make UTF still a Buy today. The expectations should only change from one that had a bigger rerating trigger for the underlying to one wh...
Apple continues to bring iPhone users into the larger family of Apple products. On the company's earnings call Thursday, chief financial officer Kevan Parekh said that Apple set a March quarter record for customers new to the Mac, with over half of iPad and Watch sales to customers who were new to the product.
Apple continues to bring iPhone users into the larger family of Apple products. On the company's earnings call Thursday, chief financial officer Kevan Parekh said that Apple set a March quarter record for customers new to the Mac, with over half of iPad and Watch sales to customers who were new to the product.
Earnings Snapshot (Seeking Alpha) JasonDoiy *Other Operating Data and Guidance Consensus Source: Bloomberg More on Roblox Roblox's Set-Up For Long Term Success Roblox: The Growth Is There, Now Show Us The Margins Roblox: 2025 Was A Good Year, But Bans In Several Countries Weigh On The Outlook Roblox Q1 preview: Booking strength, ad growth, safety challenges in spotlight ClearBridge Select Strategy...
Earnings Snapshot (Seeking Alpha) JasonDoiy *Other Operating Data and Guidance Consensus Source: Bloomberg More on Roblox Roblox's Set-Up For Long Term Success Roblox: The Growth Is There, Now Show Us The Margins Roblox: 2025 Was A Good Year, But Bans In Several Countries Weigh On The Outlook Roblox Q1 preview: Booking strength, ad growth, safety challenges in spotlight ClearBridge Select Strategy repositions portfolio with new entries and exits
If you believe official Russian reports, the country's northern spaceport has come under attack from drones on multiple occasions in the last few months. The drones did not succeed in striking the spaceport, but the attempted attacks come as Russia ramps up activity at Plesetsk Cosmodrome to deploy a new constellation of Internet and data relay satellites akin to SpaceX's Starlink, a space-based n...
If you believe official Russian reports, the country's northern spaceport has come under attack from drones on multiple occasions in the last few months. The drones did not succeed in striking the spaceport, but the attempted attacks come as Russia ramps up activity at Plesetsk Cosmodrome to deploy a new constellation of Internet and data relay satellites akin to SpaceX's Starlink, a space-based network underpinning much of Ukraine's military communications infrastructure. Plesetsk is a military base located in Russia's Arkhangelsk region, some 500 miles north of Moscow. The Russian space agency's first acknowledgment of an attempted drone attack at Plesetsk came a few weeks ago, when the head of Roscosmos, the Russian state corporation for civilian spaceflight, met with Russian President Vladimir Putin in the Kremlin. Read full article Comments