Market Signal Briefing

ToplinePeloton’s stock price stumbled 6% on Thursday shortly after the company announced it would voluntarily recall some 833,000 exercise bikes due to an issue that could cause seats to break during use.

A seat post issue could cause injuries or falls, the Consumer Product Safety Commission said.

Getty Images

Key FactsThe recall applies to Peloton Original Series Bike+ model PL02 sold between December 2019 and July 2022, according to the company, and impacted bikes will have a serial number beginning with the letter “T.”

These bikes come equipped with a seat post that can break while being ridden, causing “fall and injury hazards,” according to the Consumer Product Safety Commission.

Peloton has received three reports of seats breaking, leading to two injuries.

The recall also applies to about 44,800 bikes sold in Canada, Peloton said, but the company has so far received no reports of seats breaking in that country.

Key BackgroundPeloton, which went public with an IPO in 2019, grew rapidly during the COVID-19 pandemic as customers when gyms were forced to close or operate at a limited capacity. The company reported revenue of $915 million in 2019, which then doubled to $1.82 billion in 2020. The company kept growing through 2021, reporting $4.02 billion in revenue before sales began to decline the next year. Revenue in 2024 dropped to $2.7 billion. Peloton’s stock price reached record highs of $162 per share in December 2020, but has declined significantly over the last few years. Its stock was still down 24% year-to-date on Thursday.

TangentThis is the second time Peloton has recalled a large number of bikes due to a similar seat post issue. In 2023, the company recalled over 2.2 million bikes of an earlier model over an issue that caused similar hazards. Customers reported 35 instances of seats breaking before the recall, including 13 reports of injuries including “fractured wrist, lacerations and bruises,” according to the Consumer Product Safety Commission.

Further ReadingForbesWhat Is Happening With Peloton? And Other Pandemic LessonsBy Liz Elting

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To date, this initiative has provided a total of $525,000 in direct grants to neighborhood fixtures working to recover from devastating January wildfires

LOS ANGELES--(BUSINESS WIRE)--Steadfast LA, in partnership with Banc of California, distributed a second round of small business recovery grants through its Small Business Initiative, awarding a total of $400,000 to ten cornerstone businesses in Altadena, Malibu, Pasadena, and the Pacific Palisades to help them reopen, restore jobs, and bring a sense of normalcy back to their communities. When combined with the first round of grants, this initiative has now disbursed $525,000 in direct support to small businesses in these communities. In addition to the announcement, Steadfast LA released a video featuring these business owners receiving their grants and sharing how the funding will accelerate their recovery.

The latest round of funding supports a mix of small businesses ranging from restaurants and cafés to pharmacies, dental offices, and veterinary centers, helping them recover from losses and get back to the important work of serving their neighborhoods. Some of these establishments were burned to the ground during the wildfires or experienced severe damage, while others faced steep declines in business as residents relocated.

“This initiative is about standing shoulder to shoulder with small business owners who define the character and strength of our neighborhoods,” said Rick Caruso, Founder and Chairman of Steadfast LA. “They’ve been through an incredibly tough year, but their determination to rebuild is what makes Los Angeles extraordinary. By helping them recover from the wildfires, we know entire neighborhoods will come back stronger.”

“As the largest independent bank based in Los Angeles, with deep ties to local communities, we see firsthand how much small businesses mean to the neighborhoods we serve,” said Jared Wolff, Chairman and CEO of Banc of California. “By helping local entrepreneurs rebuild after these wildfires, we’re strengthening the foundation of the communities that make Los Angeles such a dynamic place to live and work.”

The ten businesses receiving grants are:

Altadena Beverage and Market – Pasadena

Beach Side Café / Upstage Catering – Pacific Palisades

Bulgarini Gelato Artigianale – Altadena

The Palisades Dentists – Pacific Palisades

Palisades Garden Café – Pacific Palisades

Juicy Ladies – Pacific Palisades

V’s Restaurant + Bar – Malibu

Pacific Palisades Veterinary Center – Pacific Palisades

Vittorio’s – Pacific Palisades

Knolls Pharmacy – Pacific Palisades

This round follows Steadfast LA’s first distribution of grants in September, when three Altadena businesses received funding to help recover from the wildfires.

Launched in August 2025, Steadfast LA’s Small Business Initiative provides direct grants of up to $50,000 to small businesses in wildfire-affected communities across Altadena, Malibu, Pasadena, and the Pacific Palisades. Banc of California seeded the program with a $1 million contribution through its Wildfire Relief & Recovery Fund, with Steadfast LA providing additional financial and operational support.

To learn more about this initiative and the small businesses it has supported, visit SteadfastLA.com or follow Steadfast LA on X and Instagram.

About Steadfast LA

Steadfast LA, founded and led by Rick Caruso, is a civic nonprofit organization dedicated to rebuilding Los Angeles after the devastating January 2025 fires. United by resilience and a shared vision for a stronger future, the organization comprises Angelenos committed to revitalizing the Altadena, Malibu, Pasadena, and Pacific Palisades communities. The group aims to accelerate the rebuilding process with efficiency and innovation by bringing together top leaders, bold ideas, and effective solutions to get things done right and fast. Visit https://www.steadfastla.com for more information about the organization and follow their efforts on X and Instagram.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 79 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at www.bancofcal.com.

More News From Banc of California, Inc.

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The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. Picture taken December 15, 2017. REUTERS/Chen Aizhu Purchase Licensing Rights, opens new tab

CompaniesNov 6 (Reuters) - EOG Resources

(EOG.N), opens new tab beat analysts' estimates for third-quarter profit on Thursday, as a rise in output helped the U.S. oil and gas producer offset a drop in crude prices.

The company received a production boost from its $5.6 billion deal for Encino Acquisition Partners, which helped expand EOG's presence in the Utica and Marcellus region, one of the most prolific natural gas basins in the world.

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Meanwhile, oil and gas production in the U.S. rose to record highs in August, data from the Energy Information Administration showed.

EOG said it produced 1.3 million barrels of oil equivalent per day, which rose from 1.08 million boepd a year earlier.

The Houston-based company posted an adjusted profit of $2.71 per share for the quarter ended September 30, compared with analysts' average estimate of $2.43, according to data compiled by LSEG.

Reporting by Vallari Srivastava in Bengaluru; Editing by Sriraj Kalluvila

Our Standards: The Thomson Reuters Trust Principles., opens new tab

AUSTIN, Texas, Nov. 06, 2025 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC: GTVH) today outlined a comprehensive plan designed to position the Company and its shareholders for continued growth and long-term value creation. As part of this plan, the Company is in discussions regarding the potential asset sale of its operating divisions, GoldenEra Development and Deep South Electrical Contractors, while GoFast Sports is being discussed to remain under Golden Triangle Ventures as a core brand as additional initiatives are developed within its manufacturing division.

A Shareholder-First Approach

Golden Triangle Ventures emphasized that shareholders remain the top priority throughout this process. The Company is developing a FINRA-compliant shareholder alignment and compensation plan to ensure all existing shareholders benefit from any future structure. This will include defined record dates and participation requirements to ensure fairness and compliance for all eligible holders.

“Our mission is to protect shareholders while positioning our operating assets to perform at a higher level,” said Javier Leal, Chief Executive Officer of Golden Triangle Ventures. “GoldenEra and Deep South have scaled rapidly, but our current framework limits how quickly we can take the next step. These actions are about ensuring our progress continues without losing momentum.”

Why the Company is Taking Action

Over the past few months, Golden Triangle Ventures has rebuilt its foundation — transforming from a dormant entity into an active, revenue-producing company operating across multiple sectors. However, legacy legal, vendor, and corporate structure issues have arisen, limiting how quickly the Company can take the next step without risking the progress achieved to date. These challenges have created inefficiencies that must be resolved immediately to support continued growth and long-term stability as a whole.

The proposed asset sale will provide shareholders with value in the success of the operating divisions, while enabling Golden Triangle Ventures to enter a structured phase focused on growth, organization, and operational execution. This approach ensures that both the Company and its shareholders benefit — the operating businesses can continue to expand under a cleaner framework, and GTVH can rebuild from a position of strength and integrity.

The proposed framework is designed to allow the Company’s operating divisions to continue expanding under a leaner, growth-oriented structure capable of pursuing future opportunities, including an eventual uplisting to OTCQB. Meanwhile, Golden Triangle Ventures will focus on corporate cleanup, addressing legacy obligations, and refining its internal structure to ensure long-term stability and integrity — while making sure shareholders retain the most value throughout this process.

Looking Ahead

Golden Triangle Ventures is now working closely with its legal, financial, and regulatory advisors to:

Advancement in Asset Sale of Subsidiaries Address legacy legal, vendor debts and preferred equity matters Position the Company for consistent, long-term growth driven by its core consumer brand and manufacturing initiatives The Company confirmed that no definitive agreements have been signed, and any corporate action will follow board approval, legal review, and full regulatory compliance. Formal updates will be provided as progress continues.

About Golden Triangle Ventures

Golden Triangle Ventures, Inc. (OTC: GTVH) is a diversified holding company focused on consumer and manufacturing brands, led by GoFast Sports, while exploring the potential acquisition of its operating divisions GoldenEra Development and Deep South Electrical Contractors. The Company’s mission is to build high-performance businesses that generate sustainable growth and long-term shareholder value through operational excellence and transparency.

For more information, visit www.GoldenTriangleInc.com.

Safe Harbor Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. These risks and uncertainties include, among others, market conditions, execution risks, regulatory requirements, and other factors described in the Company’s public filings. The Company undertakes no obligation to update or revise forward-looking statements except as required by law.

CONTACT INFORMATION:

GoldenEra Development (@GoldenEraNews) on X

Golden Triangle Ventures (GTV_Inc) on X

Website: GoldenTriangleInc.com

Contact:
IBN Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
[email protected]

During open enrollment, starting Nov. 1, residents can access affordable Ambetter from Arizona Complete Health plans in nine counties.  

, /PRNewswire/ -- Ambetter from Arizona Complete Health, a product offered by a Centene Corporation (NYSE: CNC) company, a leading healthcare enterprise that provides insurance to under-insured and uninsured populations through the Health Insurance Marketplace®, will offer a variety of affordable health insurance plans to Arizonans in nine counties for plan year 2026. The open enrollment period for the Health Insurance Marketplace runs from Nov. 1, 2025, through Jan. 15, 2026. Enroll by Dec. 15, 2025, for coverage starting Jan. 1, 2026.

"We are proud to offer affordable, comprehensive health care coverage at a four-star quality rating to thousands of hard-working Arizonans," said Plan President and Chief Executive Officer of Arizona Complete Health James Stover. "With several different options to choose from, Ambetter from Arizona Complete Health has customized its offerings to meet the needs of individuals and families, as well as employees with our new business offering through ICHRA. We look forward to continuing our mission of transforming the health of the communities we serve, one person at a time."

Ambetter from Arizona Complete Health offers its members access to quality care and convenient services. 2026 benefits and offerings include: 

Affordable and Reliable Coverage:
Ambetter from Arizona Complete Health provides coverage for all essential health benefits, including preventive and wellness services, maternity and newborn care, pediatric services, mental health services, hospitalizations and prescription drug coverage. Some plans also include dental and vision coverage.
Ambetter Health Solutions:
Ambetter Health Solutions, Centene Corporation's off-exchange marketplace business offerings, delivers individual health insurance plans that are compatible with Individual Coverage Health Reimbursement Arrangements (ICHRAs). While not an ICHRA itself, Ambetter Health Solutions supports employers who choose to adopt this reimbursement model by providing employees with access to affordable, customizable and dependable coverage options. Available in select states, including Arizona, these plans empower individuals to choose the coverage that best fits their needs, helping employers control costs while offering greater choice and flexibility to their workforce.
Ambetter Perks:
Ambetter from Arizona Complete Health offers additional services to support your health and financial well-being through the Ambetter Perks program for members in Arizona. This program gives members access to discounts on a variety of products and services, including wellness activities, financial tools, memberships, out-of-pocket prescription costs and over-the-counter (OTC) health items. It also includes services that promote healthy lifestyles and address social factors that impact health. The Ambetter Perks program is open to all members.
Convenient Online Enrollment:
Through the Ambetter from Arizona Complete Health website, people can browse and compare coverage options, determine their eligibility for financial subsidies and directly enroll in coverage — all in one place. The platform is accessible through mobile devices, so people can enroll using smartphones. If a person is unable to complete enrollment all at once, the system will save progress and provide reminders to finish enrollment.
My Health Pays*:
Members have access to the My Health Pays® program, where they can earn points for practicing healthy eating habits, staying active and leading a healthy lifestyle. Through the program, members can complete health-related activities and challenges to earn up to $500 in rewards in 2026. These rewards can be used for health-related expenses such as copays and deductibles (pharmacy copays are excluded). My Health Pays also allows members to set and reach health goals at their own pace by providing seasonal suggestions for activities and guidance to help stay on track.
Virtual 24/7 Care**:
Virtual 24/7 Care offers members a licensed provider via telehealth for members to access care for illnesses such as flu, skin conditions, ear infections, fever and respiratory infections — all from the comfort of their home.

The full list of nine counties in which Ambetter from Arizona Complete Health will be offered can be found at ambetterhealth.com/en/az/health-plans/coverage-map.

Arizona residents interested in learning more about Ambetter from Arizona Complete Health or enrolling in a health plan during the open enrollment period may visit ambetterhealth.com/en/az.

About Ambetter from Arizona Complete Health
Ambetter from Arizona Complete Health serves under-insured and uninsured populations through the federal Health Insurance Marketplace®. Ambetter from Arizona Complete Health is underwritten by Health Net of Arizona, Inc. (dba Arizona Complete Health), which is a Qualified Health Plan issuer in Arizona. Ambetter Health, offering the Ambetter Health Solutions product, is underwritten by Health Net Community Solutions of Arizona, Inc. For more information, please visit ambetterhealth.com/en/az/. This is a solicitation for insurance. For information on your right to receive an Ambetter from Arizona Complete Health plan free of discrimination, or your right to receive language, auditory and/or visual assistance services, please visit ambetterhealth.com/en/ and scroll to the bottom of the page.

*Healthcare-related costs will vary by member and the plan in which you are enrolled. Funds expire immediately upon termination of insurance coverage. My Health Pays® rewards cannot be used for pharmacy copays. Restrictions apply. Members must qualify for and complete all activities to receive $500 or more. Visit Member.AmbetterHealth.com for more details. Your health plan is committed to helping you achieve your best health. Rewards for participating in a wellness program are available to all members. If you think you might be unable to meet a standard for a reward under this wellness program, you might qualify for an opportunity to earn the same reward by different means.

**Cost sharing may apply when using Virtual 24/7 Care or Virtual Primary Care. Virtual 24/7 Care cost share does not apply to HSA plans until the deductible is met and is only applicable when used through the Virtual 24/7 Care program. Ambetter Health does not provide medical care. Medical care is provided by individual providers, which are independent contractors and not agents of Ambetter Health.

SOURCE Ambetter from Arizona Complete Health

NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fly-E Group, Inc. ("Fly-E" or the "Company") (NASDAQ: FLYE) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/fly-e-group-inc-lawsuit-submission-form?prid=175637&wire=3

FLYE investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the safety of Fly-E’s lithium battery which in turn took a material toll on its E-vehicle sales revenue, despite making lofty long-term projections, Fly-E’s forecasting processes fell short as sales continued to decline and operating expenses increased, ultimately, derailing the Company’s revenue projections. On August 14, 2025, the truth emerged when Fly-E filed a form NT 10-Q: Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026 revealing a substantial decrease of 32% in net revenues “primarily driven by a decrease in total units sold.” In pertinent part, the Company attributed the decline to “recent lithium-battery accidents involving E-Bikes and E-Scooters.” Following this news, the price of Fly E’s common stock declined dramatically. From a closing market price of $7.76 per share on August 14, 2025, Fly-E’s stock price fell to $1.00 per share on August 15, 2025, a decline of about 87% in the span of just a single day.

WHAT'S NEXT? If you suffered a loss in Fly-E during the relevant time frame, you have until November 10, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

HOCHTIEF Aktiengesellschaft (OTCPK:HOCFF) Q3 2025 Earnings Call November 6, 2025 10:30 AM EST

Company Participants

Mike Pinkney - Head of Corporate Strategy
Juan Cases - Chairman of the Executive Board

Conference Call Participants

Luis Prieto - Kepler Cheuvreux, Research Division
Marcin Wojtal - BofA Securities, Research Division
Dario Maglione - BNP Paribas, Research Division
Filipe Leite - Banco BPI, S.A., Research Division
Nicolas Mora - Morgan Stanley, Research Division
Alvaro Lenze Julia - Alantra Equities Sociedad de Valores, S.A., Research Division

Presentation

Operator

Ladies and gentlemen, welcome to the HOCHTIEF 9 Months 2025 Results Conference Call. I'm Serge, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mike Pinkney. Please go ahead.

Mike Pinkney
Head of Corporate Strategy

Thanks very much, operator. Good afternoon, everyone, and thank you for joining this HOCHTIEF 9 Months 2025 Results Call. I'm Mike Pinkney, Head of Capital Markets Strategy. I'm here with our CEO, Juan Santamaria; and our CFO, Christa Andresky; as well as our Head of IR, Tobias Loskamp; and other colleagues from our senior management team. We're looking forward to taking your questions. But to start with, our CEO is going to run us through the details of another strong set of HOCHTIEF numbers, our guidance increase and provide you with an update on the group's strategy. Juan, all yours.

Juan Cases
Chairman of the Executive Board

Thank you, Mike, and thank you, everyone, and welcome to everyone joining us for this results call. HOCHTIEF has achieved an outstanding performance during the first 9 months of 2025. The successful implementation of our growth strategy is reflected in the group's strong and sustainable financial performance. We are delivering significant sales growth, rising margins and a positive evolution of the group's derisked

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Ford executives are considering scrapping the electric version of the F-150 pickup truck, the Wall Street Journal reported Thursday, citing people familiar with the matter.

Ford declined to comment on the matter, but said that it was focused on producing gas and hybrid powered variants of its F-150 as it recovers from the fire at Novelis.

Ford is reportedly considering scrapping the electric F-150 Lightning truck, above. REUTERS
Last month, a union official told Reuters that Ford was pausing production at the Dearborn, Michigan, plant that makes its F-150 Lightning electric pickup due to a fire at a supplier’s aluminum factory.

“We have good inventories of the F-150 Lightning and will bring Rouge Electric Vehicle Center back up at the right time, but don’t have an exact date at this time,” Ford said in a statement on Thursday.

The WSJ report added that General Motors executives have discussed discontinuing some electric trucks, citing people familiar with the matter.

Ford CEO Jim Farley and rivals GM and Chrysler-parent Stellantis have rolled back their ambitious plans for EVs in the US. Getty Images
The Detroit three, which includes Ford, GM and Chrysler-parent Stellantis, have rolled back their ambitious plans for EVs in the United States, pivoting to their gasoline-powered models.

November 06, 2025 3:13 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 6, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. (NYSE: FCX) resulting from allegations that Freeport may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Freeport securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On September 24, 2025, Freeport issued a press release entitled "Freeport Provides Update on PT Freeport Indonesia Operations." It stated that Freeport "announced today an update on the status of the previously reported mud rush incident at the Grasberg Block Cave mine (GBC) in Indonesia. On September 20, 2025, PT Freeport Indonesia (PTFI) located two team members who were regrettably fatally injured in the September 8th incident."

On this news, Freeport's stock fell by 16.95% on September 24, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273484

UWM Holdings Corporation (UWMC) Q3 2025 Earnings Call November 6, 2025 10:00 AM EST

Company Participants

Blake Kolo - Chief Business Officer & Head of Investor Relations
Mathew Ishbia - Chairman, President & CEO
Rami Hasani - Executive VP & CFO

Conference Call Participants

Terry Ma - Barclays Bank PLC, Research Division
Eric Hagen - BTIG, LLC, Research Division
Bose George - Keefe, Bruyette, & Woods, Inc., Research Division
Douglas Harter - UBS Investment Bank, Research Division
Jeffrey Adelson - Morgan Stanley, Research Division
Mikhail Goberman - Citizens JMP Securities, LLC, Research Division

Presentation

Operator

Good morning. My name is Aaron, and I'll be your conference operator for today. At this time, I'd like to welcome everyone to the UWM Holdings Corporation Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Blake Kolo, you may begin your conference. Thank you.

Blake Kolo
Chief Business Officer & Head of Investor Relations

Good morning. This is Blake Kolo, Chief Business Officer and Head of Investor Relations. Thank you for joining us, and welcome to the Third Quarter 2025 UWM Holdings Corporation's Earnings Call. Before we start, I would like to remind everyone that this conference call includes forward-looking statements. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the earnings release that we issued this morning. Our commentary today will also include non-GAAP financial measures. For information on our non-GAAP metrics and the reconciliation between the GAAP and non-GAAP metrics for the reported results, please refer to the earnings release issued earlier today as well as our filings with the SEC. I will now turn the call over to Mat Ishbia, Chairman, President and CEO of UWM Holdings Corporation and United Wholesale Mortgage.

Mathew Ishbia
Chairman, President & CEO

Thanks, Blake, and thank you, everyone, for joining. Over the past 3-plus years, we've successfully

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Alec Harmon
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Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the MasterCraft Boat Holdings, Inc. Fiscal First Quarter 2026 Earnings Conference Call. Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Alec Harmon, Director, Strategy and Investor Relations. Please go ahead, sir.

Alec Harmon

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Iovance Biotherapeutics, Inc. (IOVA) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST

Company Participants

Sara Pellegrino - Senior Vice President of Investor Relations & Corporate Communications
Frederick Vogt - Interim CEO, President, General Counsel, Corporate Secretary & Director
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Conference Call Participants

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Operator

Welcome to the Iovance Biotherapeutics Third Quarter and Year-to-Date 2025 Conference Call. My name is Daniel, and I will be your operator for today's call. [Operator Instructions] Please note that this conference call is being recorded.

I will now turn the call over to Sara Pellegrino, Senior Vice President, Investor Relations and Corporate Communications at Iovance. Sara, you may begin.

Sara Pellegrino
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During the question-and-answer session, we will also welcome Dr. Raj Puri and Mark Theoret from our Regulatory Affairs executive leadership team; and Dr. Brian Gastman, Executive Vice President of Translational Medicine and Research.

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Jessica Fye - JPMorgan Chase & Co, Research Division
Yuxi Dong - Jefferies LLC, Research Division
Michael Schmidt - Guggenheim Securities, LLC, Research Division

Presentation

Operator

Good day, everyone. Welcome to BeOne Medicine's Q3 2025 Earnings Call Webcast. [Operator Instructions] After the speakers' remarks, there will be a question-and-answer session.

At this time, I would like to turn the call over to the company.

Daniel Maller

Hello and welcome. Thanks for joining us today. I'm Dan Maller, Head of Investor Relations at BeOne Medicines. Before we begin, please note that you can find additional materials, including a replay of today's webcast and presentation on the Investor Relations section of our website, ir.beonemedicines.com.

I would like to remind all participants that during this call, we may make forward-looking statements regarding, among other things, the company's future prospects and business strategy. Actual results may differ materially from those indicated in the forward-looking statements as a result of various factors, including those risks discussed in our most recent periodic report filed with the SEC.

Please also carefully review the forward-looking statements disclaimer in the slide deck that accompanies this presentation.

Reconciliations between GAAP and non-GAAP financial measures discussed on this call

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Acorn Energy, Inc. (ACFN) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST

Company Participants

Tracy Clifford - Chief Financial Officer
Jan Loeb - President, CEO & Director

Conference Call Participants

Kris Tuttle
Joe Stein

Presentation

Operator

Good morning, and welcome to Acorn Energy's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, today's call is being recorded.

I'll now turn the call over to Tracy Clifford, CFO of Acorn Energy and CEO of its OmniMetrix subsidiary.

Tracy Clifford
Chief Financial Officer

Thank you, operator, and thank you all for joining our call today.

Before we begin, I'd like to remind everyone that today's remarks, including responses to questions contain forward-looking statements. Such statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Factors that may impact our future operating results and financial performance include general risks such as potential disruptions to business operations or changes in consumer or customer demand as well as specific risks related to our ability to execute our operating plan, maintain strong customer renewal rates and expand our customer base.

Additional risks may arise from changes in technology, competition or shifts in the macroeconomic and financial environment. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's current beliefs, assumptions and information available as of today. There can be no assurances that the company will meet its growth targets or other strategic goals or objectives. The company undertakes no obligation to update or revise forward-looking statements to reflect future events or circumstances that occur after today's call.

For a more detailed discussion of the risks and uncertainties that may affect our business, please refer to the Risk Factors section

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AMC Entertainment Holdings (NYSE:AMC) delivered better-than-expected financial results for the third quarter, driven by market share gains and strong per-customer spending, though profitability declined compared with a year earlier.

The company posted revenue of $1.3 billion, down from $1.35 billion in the year-ago quarter but topping analyst estimates of $1.23 billion.

Adjusted EBITDA came in at $122.2 million, above estimates of about $96 million but down from $161.8 million in the prior-year quarter, reflecting a softer industry box office, which fell 11% year-over-year.

AMC reported an adjusted loss of $0.21 per share, in line with expectations of a $0.22 loss per share. 

Net loss widened sharply to $298.2 million from $20.7 million a year earlier, largely due to non-cash charges linked to a July 2025 refinancing that retired all of the company’s 2026 debt maturities.

AMC highlighted continued strength in per-patron spending, with record admissions revenue per customer of $12.25 and food and beverage revenue of $7.74. The company’s domestic market share also increased to roughly 24%. 

AMC CEO Adam Aron noted that, as expected, the third quarter was softer industrywide.

“The third quarter industrywide softness should not be a cause for alarm nor a harbinger of some negative trend about which to worry. To the contrary, we expect the fourth quarter industrywide box office will turn out to be the highest grossing fourth quarter in six years,” Aron said.

“We also continue to believe that the size of the 2026 box office will be dramatically larger than that achieved in 2025.”

Wedbush maintained its ‘Outperform’ rating and $4.50 price target on AMC, citing continued market share gains, improved per-screen productivity, and a stronger balance sheet following the refinancing.

The analysts wrote that AMC “reported a strong quarter driven by market share gains and strong per-caps,” noting domestic revenue of $1.01 billion beat its estimate and that domestic attendance outperformed expectations.

“We remain positive on AMC as it continues to demonstrate share gains in 2025 and is positioned to gain market share in 2026 with the most premium screens in North America,” Wedbush wrote.

They added that the company is benefiting from a more consistent release slate, has alleviated near-term debt concerns, and is likely to see improving free cash flow as attendance and spending per patron stabilize.

Shares of AMC added 5% at about $2.60 post-earnings.

Retailer drops price on zero-compromise holiday shopping guide for the fourth year

, /PRNewswire/ -- The Kroger Co. (NYSE: KR), America's grocer today shared the launch of its 2025 Freshgiving meal bundle, offering customers a complete holiday dinner for ten at an industry-leading price of less than $4.75 per person, delivering an exceptional combination of quality, convenience and value. Packed with classic Thanksgiving staples and fresh ingredients, the zero-compromise guide reflects Kroger's commitment to provide fresh, affordable food while supporting families during the holiday season. 

This season, Kroger is once again offering customers an affordable meal with zero-compromise on value, convenience or quality. Shop these long-held holiday favorites that will feed ten people all under $4.75 per person.

"At Kroger, we believe families deserve a Thanksgiving meal that is affordable and delicious," said Mary Ellen Adcock, Executive Vice President and Chief Merchant and Marketing Officer. "Especially this year, we are giving our customers the quality they expect and the value they love, ensuring everyone has a memorable holiday." 

Freshgiving Meal Bundle
This season, Kroger is once again offering customers an affordable meal with zero-compromise on value, convenience or quality. Shop these long-held holiday favorites that will feed ten people all under $4.75 per person: 

Kroger® Whole Frozen Turkey (14-16 pounds)
Kroger® Turkey Stuffing
Kroger® Chicken Broth
Kroger® Super Sweet Corn
Kroger® Baby Carrots
Kroger® Whole Berry Cranberry Sauce
Sweet Jewel Yams
Kroger® Idaho Potatoes
Campbell's® Turkey Gravy
Kroger® French Sliced Green Beans
Kroger® Cream of Mushroom Soup
Kroger® Crispy French-Fried Onions
Kroger® Brown and Serve Rolls
Kroger ® Traditional Ready-to-Bake Pie Crusts
Kroger® 100% Pure Canned Pumpkin Puree
Kroger® Original Whipped Topping
At Kroger, customers do not have to choose between a good meal and a good deal. That means customers can get the products they need, want and love for their families with clear savings right at the shelf. With Kroger's Fresh & Quality Guarantees, customers never have to compromise high-quality for low prices. In addition to its Freshgiving meal bundle, the retailer is offering unmatched savings on key seasonal items including: 

Stove Top Stuffing—$1.77
Kroger® Broth 32 oz.—99 cents
Heinz Gravy—two for $4
Cool Whip—two for $4
Kroger® Cut Sweet Jewel Yams in Syrup 29 oz.—two for $6
Ocean Spray Cranberries—$1.99
Bakery Fresh Pumpkin Pie—$5.49
Give Back
The Kroger Family of Companies invites customers to join in their mission to fight food insecurity. From now until January 1, customers in participating divisions will have the opportunity to round up their purchases to the nearest dollar with donations going directly to local hunger relief organizations. Donations can be made at checkout with Kroger associates, self-checkout or online. 

Kroger continues to provide year-round support through charitable giving and donating surplus fresh food. Since launching Kroger's Zero Hunger | Zero Waste impact plan, it has directed more than 3.9 billion meals to nourish communities. To learn more about Zero Hunger | Zero Waste, visit here. 

Prices valid beginning November 12. Prices and products may vary by geography. 

Media assets are available for download here.

SOURCE The Kroger Co.

Key Takeaways
WEX's Q3 EPS of $4.59 beat estimates by 3.2% and rose 5.5% y/y.
Revenues of $692 million topped estimates but declined 4% from the prior year.
The mid-points of the company's Q4 and 2025 outlook are slightly below analyst estimates.
WEX Inc. (WEX - Free Report) reported impressive third-quarter 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate.

However, the weak fourth-quarter guidance failed to impress the market, as the company’s shares have declined 3.6% since the earnings release.

For the fourth quarter of 2025, revenues are expected between $646 million and $666 million. The mid-point ($656 million) of the guided range is below the Zacks Consensus Estimate of $662.52 million. Adjusted net income per share is expected between $3.76 and $3.96. The mid-point of the guided range ($3.86) is below the Zacks Consensus Estimate of $3.89.

Quarterly adjusted earnings of $4.59 per share surpassed the Zacks Consensus Estimate by 3.2% and increased 5.52% from the year-ago quarter. Revenues of $692 million beat the consensus estimate by 1.4% but declined 4% on a year-over-year basis.

The stock gained 22.5% over the last six months, outperforming the 12.9% decline of the industry and the 23.4% rise of the Zacks S&P 500 composite.

Segmental Revenues of WEXThe Mobility segment’s revenues increased 1% from the year-ago quarter to $360.8 million, beating our estimate of $346.4 million. The Corporate Payments segment’s revenues were $132.8 million, rising 4.7% from the third quarter of 2024 and missing our estimate of $134.2 million.

The Benefits segment’s revenues increased 9.2% year over year to $198.1 million, beating our estimate of $197.4 million.

WEX’s Operating ResultsAdjusted operating income declined 6.7% to $273.5 million from the year-ago quarter but beat our estimate of $256.8 million. The adjusted operating margin of 39.5% outpaced our estimate of 37.9% but declined 450 basis points year over year.

Balance Sheet & Cash Flow of WEXWEX exited the quarter with cash and cash equivalents of $812.9 million compared with $595.8 million in the December-end quarter of 2024. The long-term debt was $3.72 billion compared with $3.08 million in the December-end quarter of 2024.

The company used $159.6 million in cash from operating activities in the quarter. The adjusted free cash flow was $166.2 million. Capital expenditure totaled $35 million.

WEX’s 2025 GuidanceFor 2025, revenues are expected between $2.63 billion and $2.65 billion compared with the prior mentioned $669-$689 million. The Zacks Consensus Estimate for the same is pegged at $2.65 billion. Adjusted net income per share is expected between $15.76 and $15.96 compared with the previously stated $15.37-$15.77. The mid-point of the guided range ($15.86) is below the Zacks Consensus Estimate of $15.89.

Currently, WEX carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings SnapshotOmnicom Group Inc. (OMC - Free Report) reported impressive third-quarter 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate.

Earnings of $2.15 per share beat the consensus estimate by 4.2% and increased 10.3% year over year. Total revenues of $4.04 billion surpassed the consensus estimate by 0.4% and rose 4% year over year. The increase in the top line was led by a 2.6% jump in revenues from organic growth.

ManpowerGroup, Inc. (MAN - Free Report) posted impressive third-quarter 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate.

Quarterly adjusted earnings per share came in at 83 cents, which beat the Zacks Consensus Estimate by 1.2% but decreased 35.7% year over year. Total revenues of $4.63 billion surpassed the consensus estimate by 0.6% and rose 2.3% year over year.

SAN FRANCISCO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Prominent shareholder rights law firm Hagens Berman is investigating Stride, Inc. (NYSE: LRN), the online education platform, for potential violations of the U.S. securities laws following a series of negative market events and serious fraud allegations that have seen the company's stock price plummet.

The firm urges investors in Stride who suffered significant losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.

Visit: www.hbsslaw.com/investor-fraud/lrn
Contact the Firm Now: [email protected]
                                             844-916-0895

Platform Issues and Weak Guidance Trigger Sell-Off

Yesterday, Stride, a learning technology company, reported Q1 earnings. The company’s quarterly results were overshadowed by a significant operational issue and cautious guidance.

Platform Disruption: Stride disclosed that it experienced major issues implementing an upgraded platform over the summer. Management estimates these disruptions caused the company to miss between 10,000 and 15,000 enrollments—a substantial number given the company's total enrollment is currently 247,700.CEO's Comments: CEO James Rhyu addressed the problem directly, stating: “The implementations did not go as smoothly as we anticipated... This poor customer experience has resulted in some higher withdrawal and lower conversion rates than we expected.” Management has stated the company will fix the upgrade within a year.Weakened Forecast: The most significant concern for investors was Stride’s guidance for 2026, forecasting sales growth of only 5%. This is a stark slowdown from the company's annualized sales growth of 19% over the last five years and has prompted the market to take a sharply cautious stance. Prior Fraud Allegations and Lawsuit

The investigation by Hagens Berman also follows an earlier news event that impacted the stock. On September 14, 2025, a report revealed that Gallup-McKinley had filed a complaint against Stride, alleging fraud, deceptive practices, and systemic legal violations that prioritized profits over student welfare.

The allegations in the complaint reportedly include:

Student Enrollment Inflation: Artificially boosting reported student enrollment figures by including "ghost students" who never officially started or had been absent for at least ten consecutive days.Teacher Ratios and Licensing: Intentionally increasing student-to-teacher ratios to inflate profit margins and employing a significant number of insufficiently licensed teachers.Market Manipulation: Allegedly utilizing unlawful business practices to deliberately lower overhead costs for the sole purpose of inflating the company’s stock values. On this news, Stride’s stock price plunged $18.60, or 11%, in heavy trading.

Hagens Berman’s Investigation

Hagens Berman's investigation focuses on whether Stride may have intentionally misled investors about operational challenges and its business practices.

“A major platform disruption on top of existing fraud allegations regarding enrollment figures and teacher quality raises potential red flags for investors and are areas we are closely scrutinizing,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Stride and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Stride investigation, read more »

Whistleblowers: Persons with non-public information regarding Stride should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

Investors in Carrier Global Corporation (CARR - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 16, 2026 $35.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Carrier Global, but what is the fundamental picture for the company? Currently, Carrier Global is a Zacks Rank #5 (Strong Sell) in the Building Products - Air Conditioner and Heating Industry that ranks in the Bottom 21% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased his estimate for the current quarter, while four have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from 63 cents per share to 40 cents in the same time period.

Given the way analysts feel about Carrier Global now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.

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Lexicon Pharmaceuticals, Inc. (LXRX) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST

Company Participants

Lisa DeFrancesco - Senior Vice President of Investor Relations & Corporate Communications
Michael Exton - CEO & Director
Craig Granowitz - Senior VP & Chief Medical Officer
Scott Coiante - Senior VP & CFO

Conference Call Participants

Joseph Pantginis - H.C. Wainwright & Co, LLC, Research Division

Presentation

Operator

Welcome to the Lexicon Pharmaceuticals Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] As a reminder, this call is being recorded today, November 6, 2025.

I will now turn the call over to Lisa DeFrancesco, Senior Vice President for Investor Relations and Corporate Communications for Lexicon. Please go ahead, Lisa.

Lisa DeFrancesco
Senior Vice President of Investor Relations & Corporate Communications

Thank you, Mila. Good morning, and welcome to our third quarter 2025 conference call. Joining me today are Dr. Mike Exton, Lexicon's Chief Executive Officer and Director; Dr. Craig Granowitz, Senior Vice President and Chief Medical Officer; and Scott Coiante, Senior Vice President and Chief Financial Officer.

This morning, Lexicon issued a press release announcing our financial results for the third quarter of 2025, which is available on our website at www.lexpharma.com and through our SEC filings. A webcast of this call, along with the slide presentation is also available on our website. During the call, we will also review the information provided in the press release, provide a corporate update and then use the remainder of our time to answer your questions.

Before we begin, let me remind you that we will be making forward-looking statements, including statements related to the safety, efficacy, clinical development, regulatory status and therapeutic and commercial potential of pilavapadin, LX9851, sotagliflozin and our other drug programs as well as our business generally. These statements may include characterizations and projections relating to the clinical development, regulatory status and

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EchoStar Corporation (SATS) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST

Company Participants

Dean Manson - Chief Legal Officer & Secretary
Hamid Akhavan - CEO, President & Director
Charles Ergen - Co-Founder & Executive Chairman of the Board

Conference Call Participants

John Hodulik - UBS Investment Bank, Research Division
Brent Penter - Raymond James & Associates, Inc., Research Division
David Barden - New Street Research LLP
Walter Piecyk - LightShed Partners, LLC
Michael Rollins - Citigroup Inc., Research Division
Benjamin Swinburne - Morgan Stanley, Research Division
Bryan Kraft - Deutsche Bank AG, Research Division
Christopher Quilty - Quilty Space Inc., Research Division

Presentation

Operator

Greetings, and welcome to the EchoStar Corporation Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Dean Manson, Chief Legal Officer.

Dean Manson
Chief Legal Officer & Secretary

Thank you, Joe. Welcome, everyone, to EchoStar's Third Quarter 2025 Earnings Call. We will begin with opening remarks from Hamid Akhavan, President and CEO of EchoStar Capital, followed by Charles Ergen, CEO and Chairman of EchoStar. We are also joined by other members of the leadership team.

We request that any participant producing a report not identify other participants or their firms in such reports. We also do not allow audio recording, which we ask that you respect.

All statements we make during this call other than statements of historical fact, constitute forward-looking statements made pursuant to the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to be materially different from historical results and from any future results expressed or implied by the forward-looking statements. For a list of those factors and risks, please refer to our annual report on Form 10-K

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AMG Critical Materials N.V. (OTCPK:AMVMF) Q3 2025 Earnings Call November 6, 2025 9:00 AM EST

Company Participants

Thomas Swoboda
Heinz Schimmelbusch - Chairman of the Management Board & CEO
Michael Connor - Chief Corporate Development Off, SVP, Corp. Controller, CFO-AMG Mineracao BV & Member of Mgmt. Board
Jackson Dunckel - CFO & Member of Management Board

Conference Call Participants

Stijn Demeester - ING Groep N.V., Research Division
Michael Kuhn - Deutsche Bank AG, Research Division
Martijn den Drijver - ABN AMRO Bank N.V., Research Division

Presentation

Operator

Good day, everyone, and welcome to today's AMG Q3 2025 Earnings Conference Call. [Operator Instructions] Please note, this call is being recorded. [Operator Instructions] It is now my pleasure to turn the conference over to Thomas Swoboda. Please go ahead, sir.

Thomas Swoboda

Yes. Thank you, Jen, and good afternoon, everyone. Welcome to AMG's Third Quarter 2025 Earnings Call. Joining me on this call are Dr. Heinz Schimmelbusch, the Chairman of the Management Board and Chief Executive Officer; Mr. Jackson Dunckel, the CFO; and Mike Connor, the Chief Corporate Development Officer.

We published our third quarter 2025 earnings press release yesterday, along with the presentation for investors, both of which you can find on our website. They include our disclaimers about forward-looking statements.

Today's call will begin with a review of the third quarter 2025 business highlights by Dr. Schimmelbusch. Mr. Connor will comment on strategy and Mr. Dunckel will comment on AMG's financial results. At the completion of Mr. Dunckel's remarks, Dr. Schimmelbusch will comment on outlook.

We will then open the line to take your questions. I now pass the floor to Dr. Schimmelbusch, AMG's Chairman of the Management Board and Chief Executive Officer.

Heinz Schimmelbusch
Chairman of the Management Board & CEO

Thank you, Thomas. Our Q3 adjusted EBITDA of $64 million represents a 58% increase

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Key Takeaways Fair Isaac posted Q4 EPS of $7.74, up 18.3% year over year and topping estimates by 5.45%.
Revenues rose 13.6% to $515.8M, led by a 25% jump in Scores and solid B2B performance.
FICO expects fiscal 2026 revenues of $2.35B and non-GAAP earnings of $38.17 per share.

Fair Isaac (FICO - Free Report) reported fourth-quarter fiscal 2025 non-GAAP earnings of $7.74 per share, which surpassed the Zacks Consensus Estimate by 5.45% and jumped 18.3% year over year.

Revenues of $515.8 million beat the consensus mark by 0.78% and increased 13.6% year over year. The Americas, EMEA, and Asia Pacific contributed 87%, 8% and 5% to total revenues, respectively. Scores (60.4% of revenues) increased 25% year over year to $311.6 million.

FICO’s Top-Line DetailsSoftware revenues, which include Fair Isaac’s analytics and digital decisioning technology, as well as associated professional services, declined 0.2% year over year to $204.2 million.

Software Annual Recurring Revenues (ARR) increased 4% year over year, consisting of 16% platform ARR growth but a 2% decline in non-platform ARR. Software Dollar-Based Net Retention Rate was 102% in the fiscal fourth quarter, with platform software at 112% and non-platform software at 97%. On-premises and SaaS Software (35.4% of revenues) increased 0.4% year over year to $182.4 million. Professional services (4.2% of revenues) were $21.8 million, down 4.8% year over year.

Scores include FICO’s business-to-business (B2B) scoring solutions and business-to-consumer (B2C) scoring solutions. B2B revenues increased 29% year over year, driven primarily by higher unit prices and an increase in volume of mortgage originations. B2C revenues rose 8% year over year due to increased revenues from myFICO.com business and indirect channel partners.

Mortgage originations revenues rose 55% year over year. Auto originations revenues increased 24% year over year. Credit card, personal loan, and other origination revenues are up 7% year over year.

FICO’s Operating DetailsResearch and development expenses, as a percentage of revenues, expanded 10 basis points (bps) on a year-over-year basis to 9.9%.

Selling, general, and administrative expenses, as a percentage of revenues, decreased 270 bps year over year to 24.3%.

Non-GAAP Operating margin was 54% in the fiscal fourth quarter of 2025 compared with 52% in the year-ago quarter.

Adjusted EBITDA increased 18.3% year over year to $286.6 million in the reported quarter. The adjusted EBITDA margin in the fiscal fourth quarter of 2025 was 55.6% compared with 53.4% in the fiscal fourth quarter of 2024.

FICO’s Balance Sheet & Cash FlowAs of Sept. 30, 2025, FICO had $134 million in cash and cash equivalents, and total debt was $3.06 billion.

Cash flow from operations was $223.6 million in the fiscal fourth quarter compared with $286.2 million in the prior quarter. Free cash flow was $210.8 million for the reported quarter compared with $276.2 million reported in the prior quarter.

In the fiscal fourth quarter, FICO repurchased 358K shares.

FICO Reiterates Fiscal 2026 GuidanceFor fiscal 2026, FICO anticipates revenues of $2.35 billion.

Non-GAAP earnings are projected to be $38.17 per share.

FICO’s Zacks Rank & Other Stocks to ConsiderCurrently, FICO sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices (ADI - Free Report) , Constellation Software (CNSWF - Free Report) , and Ceragon Networks (CRNT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1  Rank stocks here.

Shares of Analog Devices have gained 11.1% year to date. Analog Devices is set to report fourth-quarter fiscal 2025 results on Nov. 25.

Shares of Constellation Software have lost 18.3% year to date. Constellation Software is slated to report third-quarter 2025 results on Nov. 11.

Shares of Ceragon Networks have lost 46.9% year to date. Ceragon Networks is set to report third-quarter 2025 results on Nov. 11.

Teads Holding Co. (TEAD) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST

Company Participants

David Kostman - CEO & Director
Jason Kiviat - Chief Financial Officer

Conference Call Participants

Matthew Condon - Citizens JMP Securities, LLC, Research Division
Ygal Arounian - Citigroup Inc., Research Division
Laura Martin - Needham & Company, LLC, Research Division
Ethan Widell - B. Riley Securities, Inc., Research Division
James Heaney - Jefferies LLC, Research Division

Presentation

Operator

Good day. Welcome to Teads Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Teads Investor Relations. Please go ahead.

Unknown Executive

Good morning, and thank you for joining us on today's conference call to discuss Teads Third Quarter 2025 Results.

Joining me on the call today, we have David Kostman and Jason Kiviat, the CEO and CFO of Teads.

During this conference call, management will make forward-looking statements based on current expectations and assumptions, including statements regarding our business outlook and prospects. These statements are subject to risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. These risk factors are discussed in detail in our Form 10-K filed for the year December 31, 2024, as updated in our subsequent reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the call's original date, and we do not undertake any duty to update any such statements.

Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's third quarter earnings release for additional information and reconciliations of non-GAAP measures to the comparable GAAP financial measures.

Our earnings release can be found on the IR website, investors.teads.com, under News and Events.

With that, let me

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Q3: 2025-11-05 Earnings SummaryEPS of -$0.25 misses by $0.01

 |

Revenue of

$478.77M

(-2.52% Y/Y)

misses by $2.33M

Service Properties Trust (SVC) Q3 2025 Earnings Call November 6, 2025 10:00 AM EST

Company Participants

Kevin Barry
Christopher Bilotto - President, CEO & Managing Trustee
Jesse Abair
Brian Donley - CFO & Treasurer

Conference Call Participants

Jackson Armstrong - Wells Fargo Securities, LLC, Research Division
Tyler Batory - Oppenheimer & Co. Inc., Research Division
John Massocca - B. Riley Securities, Inc., Research Division

Presentation

Operator

Good morning, and welcome to the Service Properties Trust Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the call over to Kevin Barry, Senior Director of Investor Relations. Please go ahead.

Kevin Barry

Thank you for joining us today. With me on the call are Chris Bilotto, President and Chief Executive Officer; Jesse Abair, Vice President; and Brian Donley, Treasurer and Chief Financial Officer. In just a moment, they will provide details about our business and our performance for the third quarter of 2025, followed by a question-and-answer session with sell-side analysts.

I would like to note that the recording and retransmission of today's conference call is prohibited without the prior written consent of the company.

Also note that today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on SEC's beliefs and expectations as of today, November 6, 2025, and actual results may differ materially from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's conference call. Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission, which can be accessed from our website at svcreit.com or the SEC's website. Investors are cautioned not to place

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