With a net debt position of around $254 million, the company is selling up to $200 million worth of shares to help lessen its cash burden.
Shares of defense industry giant Lockheed Martin (NYSE: LMT) tanked Tuesday morning, trading down by 12.1% as of 12:32 p.m. EDT even though the company reported a sizable earnings beat. Lockheed Martin's earnings plunged by 65% year over year to $2.21 per share in the third quarter -- a result that easily surpassed analysts' consensus projection for earnings of $1.97 per share. Without that charge, it would have earned nearly $7 a share and grown its earnings nearly 11% when calculated according to generally accepted accounting principles (GAAP).
What happened Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 22.1% higher as of 11:28 a.m. EDT on Tuesday. The big jump came as investors anxiously awaited a meeting today of the World Health Organization's technical advisory committee.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Yahoo Finance’s Rick Newman breaks down Trump's remarks on his planned social media comapny.
It's been an amazing 10-year ride for Tesla investors — literally better than any other stock. The wealth created is hard to fathom.
Cathie Wood responded to Elon Musk flagging the surge in price pressures. Yahoo Finance's Brian Cheung, Julie Hyman and Brian Sozzi share the details.
As the world pushes toward a clean energy future, these companies could generate big returns for their shareholders.
Shares of AEye (NASDAQ: LIDR) surged sharply higher Wednesday, skyrocketing as much as 106.5%. The catalyst that sent the maker of light detection and ranging (LiDAR) systems and advanced driver-assist systems exploding higher was bullish commentary issued by a Wall Street analyst who began covering the stock. Roth Capital analyst Suji Desilva initiated coverage on AEye with a buy rating, while also issuing a price target of $15.
An FDA panel convened Tuesday to discuss Pfizer and BioNTech's Covid vaccine in children — leading the vaccine stocks to diverge.
The Dow Jones gained as Disney stock rose. Tesla stock joined the $1 trillion club, while the Donald Trump SPAC took a plummeted.
General Electric (NYSE: GE) stock soared Tuesday morning, jumping 5.4% as of 9:55 a.m. EDT after the industrials giant didn't just beat analysts' estimates with its third-quarter numbers but also raised its full-year guidance. Continuing generally accepted accounting principles (GAAP) earnings per share (EPS) were $0.54 versus a loss of $1.04 per share in the year-ago quarter. Delving deeper, General Electric reported a strong order flow across all its segments.
Facebook reported mixed third quarter earnings that missed on revenue. Jefferies Analyst Brent Thill joins Yahoo Finance Live to discuss.
The Nio customer experience is working in China, and investors hope that will be the case in European markets, too.
Tesla's CEO and crypto proponent Elon Musk said he has no investment in Shiba Inu.
Micron Technology's (NASDAQ: MU) consistently solid results have failed to appease Wall Street and investors alike, the stock fell more than 20% over the past six months in anticipation of a crash in memory prices. What's more, the anticipated decline in memory prices that has led investors to sell Micron stock won't be arriving any time soon, as the company is on track to deliver terrific growth in revenue and earnings once again this quarter. This is a huge vote of confidence in the memory market's prospects from Micron, which also indicates that the company's impressive growth is here to stay for the long run.
When it comes to investing success, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is in a class of his own. Buffett may not be infallible, but he's helped create more than $600 billion in shareholder value for the company's shareholders since taking the helm in 1965. As a whole, Berkshire Hathaway's shares have averaged an annual gain of 20% over the past 56 years, leading to an aggregate gain of better than 3,300,000%.
KPMG, one of the Big Four accounting firms, is changing the benefits and compensation for its employees in a move the chief executive characterized as a way to “make the complicated simple” and give its workers “the flexibility they need.” Employers are working to attract and retain employees with generous benefits and enhanced flexibility. “I believe part of my job is to build support systems that help our people when they need it most,” KPMG Chairman and CEO Paul Knopp said in a statement highlighting the changes.
Shares of endpoint security leader CrowdStrike Holdings (NASDAQ: CRWD) were up as much as 5% today, but were up 2.2% as of 12:55 p.m. EDT. As for the reason for today's big jump, CrowdStrike announced a deepened relationship with Amazon (NASDAQ: AMZN) Web Services (AWS). Specifically, CrowdStrike's Cloud Security Assessment now works with CloudEndure Disaster Recovery on AWS to help prevent and mitigate ransomware attacks (when data is held hostage).
Alger, an investment management firm, published its “Alger Mid Cap Focus Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. During the third quarter, the largest portfolio sector weightings were Information Technology and Health Care. The largest sector overweight was Industrials. The portfolio had no exposure to the Utilities or […]
On Monday, Vertex Energy announced plans to make a private offering worth $155 million in debt in the form of convertible senior notes due 2027. $33.7 million to fund its impending acquisition of Royal Dutch Shell's subsidiary's refinery in Mobile, Alabama. $13 million on a hydrocracking unit at the Mobile refinery to produce renewable diesel.