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2026-10-22 21:41 7d ago
2026-10-22 16:02 7d ago
Credit Acceptance zveřejní hospodářské výsledky 29. října
CACC Credit Acceptance
FMP Stock News 72
Original source text
Southfield, Michigan, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our third quarter 2026 earnings on Thursday, October 29, 2026, after the market closes. A webcast is scheduled for Thursday, October 29, 2026, at 5:00 p.m. Eastern Time to discuss third quarter 2026 earnings.  

Conference Call and Webcast Information:
Date: Thursday, October 29, 2026
Time: 5:00 p.m. Eastern Time

Telephone Access: 

Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by telephone, you must pre-register using the following link:

https://register-conf.media-server.com/register/BIb09f4d3694a2478ba3f752ee48d8fc50

or through the link posted on the “Investor Relations” section of our website at ir.creditacceptance.com. Upon registering you will be provided with the dial-in number and a unique PIN to access the webcast by telephone.

Webcast Access:
The webcast can also be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com.

Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website.

Description of Credit Acceptance Corporation

We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.

Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com.
2026-10-22 21:37 7d ago
2026-10-22 16:05 7d ago
Wintrust schválil čtvrtletní dividendu ve výši 0,55 USD
WTFC Wintrust Financial Corporation
FMP Stock News 92
Original source text
 | Source: Wintrust Financial Corporation

ROSEMONT, Ill., Oct. 22, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) has approved a quarterly cash dividend of $0.55 per share of outstanding common stock. The dividend is payable on November 19, 2026, to shareholders of record as of November 5, 2026.

Additionally, the Company’s Board of Directors approved a cash dividend on outstanding shares of the Company’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. The dividend is payable on January 15, 2027, to shareholders of record as of January 1, 2027.

About Wintrust

Wintrust is a financial holding company with $76.0 billion in assets whose common stock is traded on the Nasdaq Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year and in Wintrust’s subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com
2026-10-22 21:36 7d ago
2026-10-22 16:30 7d ago
The J.M. Smucker Co. schválila čtvrtletní dividendu ve výši 1,12 USD
SJM JM Smucker Company
FMP Stock News 85
Original source text
, /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved a $1.12 per share dividend on the common shares of the Company. The dividend will be paid on Tuesday, December 1, 2026, to shareholders of record at the close of business on Friday, November 13, 2026.

About The J.M. Smucker Co.

At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers®, Dunkin'®, Café Bustelo®, Jif®, Uncrustables®, Smucker's®, Hostess®, Milk-Bone®, and Meow Mix®. Through our unwavering commitment to producing quality products, operating responsibly and ethically and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com.

The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin'®, which is a trademark of DD IP Holder LLC. The Dunkin'® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin'® restaurants.

SOURCE The J.M. Smucker Co.
2026-10-22 21:34 7d ago
2026-10-22 16:05 7d ago
Highwoods Properties vyplatí dividendu ve výši 0,50 USD na akcii
HIW Highwoods Properties
FMP Stock News 95
Original source text
 | Source: Highwoods Properties, Inc.

RALEIGH, N.C., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2026, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 8, 2026 to all holders of record as of November 16, 2026.

The Board also declared a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on November 30, 2026 which is the next regularly scheduled dividend payment date, to all holders of record as of November 16, 2026.

About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.

Contact:Brendan Maiorana Executive Vice President and Chief Financial Officer [email protected] 919-872-4924
2026-10-22 21:31 7d ago
2026-10-22 16:05 7d ago
Boyd Gaming ve třetím čtvrtletí zvýšila tržby na 990,5 milionu USD
BYD Boyd Gaming Corporation
FMP Stock News 98
Original source text
, /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the third quarter ended September 30, 2026.  

Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, "Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of our core customer and the appeal of our property investments nationwide. During the quarter, our results reflected continued growth in our Midwest & South segment, increased play from southern Nevada residents, and strong gains in both our Online and Managed operations. And while quarterly results were impacted by increased softness in destination business to Las Vegas, primarily affecting our Orleans property, we are encouraged by the continued strength of the remainder of our Las Vegas Locals portfolio and the performance of our Midwest & South segment. Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through share repurchases and dividends. With our robust free cash flow, strong balance sheet and efficient operating model, our Company is well-positioned to continue creating long-term value for our shareholders."

Boyd Gaming reported third-quarter 2026 revenues of $990.5 million, compared to $1.0 billion in the third quarter of 2025. The Company reported net income of $124.9 million, or $1.71 per share, for the third quarter of 2026, compared to $1.4 billion, or $17.81 per share, for the year-ago period. The Company's net income for the third quarter of 2025 benefited from a $1.4 billion after tax gain from the sale of the Company's equity interest in FanDuel, and was impacted by $65.1 million in non-cash, pretax long-lived asset impairment charges.

Total Adjusted EBITDAR(1) was $319.6 million in the third quarter of 2026 versus $321.8 million in the third quarter of 2025. Adjusted Earnings(1) for the third quarter of 2026 were $121.7 million, or $1.67 per share, compared to $139.1 million, or $1.72 per share, for the same period in 2025. 

(1) See footnotes at the end of the release for additional information relative to non-GAAP financial measures.

Operations Review
During the third quarter, results in the Midwest & South segment were impacted by the closure of Sam's Town Tunica in November 2025, the sale of Sam's Town Shreveport in August 2026, and higher property taxes at Kansas Star. Adjusting for these items, Midwest & South revenues increased nearly 3% and Adjusted EBITDAR grew approximately 2.5% during the third quarter. Continued growth in play from core and retail customers and benefits from recent capital investments drove increases in adjusted gaming revenue in the Midwest & South segment. In the Company's Las Vegas Locals segment, results reflected increased softness in Las Vegas destination business, primarily at the Orleans, as well as construction disruption at the Suncoast; however, the remainder of the properties in this segment achieved revenue and Adjusted EBITDAR growth of 3%, with gaming revenue gains of 3.5%, highlighted by increased play from southern Nevada residents. Downtown Las Vegas results were impacted by increased softness in Las Vegas destination business, declines in Hawaiian visitation due to several major storms in Hawaii and higher airfares during the quarter.

The Online segment and Managed & Other both continued to grow during the third quarter. Double-digit Adjusted EBITDAR growth in the Online segment was driven by continued strength in the Company's online casino gaming business.  Growth in Managed & Other reflected increased management fees from Sky River following its recently completed expansion.

Dividend and Share Repurchase Update
Boyd Gaming paid a quarterly cash dividend of $0.20 per share on October 15, 2026, as previously announced.

As part of its ongoing share repurchase program, the Company repurchased $164 million in shares of its common stock during the third quarter of 2026. The Company had $387 million remaining under its current share repurchase authorization as of September 30, 2026.

Balance Sheet Statistics
As of September 30, 2026, Boyd Gaming had cash on hand of $297.2 million, and total debt of $2.7 billion. 

Conference Call Information
Boyd Gaming will host a conference call to discuss its third-quarter 2026 results today, October 22, at 5:00 p.m. Eastern.  The conference call number is (866) 652-5200, passcode 629480.  Please call up to 15 minutes in advance to ensure you are connected prior to the start of the call. 

The conference call will also be available online at https://investors.boydgaming.com or https://app.webinar.net/7XDKZDdZVE2.

Following the call's completion, a replay will be available by dialing (855) 669-9658 today, October 22, and continuing through Thursday, October 29.  The passcode for the replay will be 8824606.  The replay will also be available at https://investors.boydgaming.com.

BOYD GAMING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

(In thousands, except per share data)

2026

2025

2026

2025

Revenues

Gaming

$             655,026

$             657,371

$          1,988,816

$          1,967,519

Food & beverage

73,744

75,570

227,216

227,895

Room

43,109

45,244

139,469

144,085

Online

33,240

26,893

91,313

106,000

Online reimbursements

121,226

138,704

383,030

402,221

Management fee

27,581

23,697

82,283

72,618

Other

36,529

36,882

110,069

109,586

Total revenues

990,455

1,004,361

3,022,196

3,029,924

Operating costs and expenses

Gaming

262,638

259,660

785,117

765,337

Food & beverage

65,635

67,468

197,530

196,438

Room

19,714

19,486

58,687

57,975

Online

22,044

17,784

60,706

50,392

Online reimbursements

121,226

138,704

383,030

402,221

Other

12,519

13,076

38,191

38,016

Selling, general and administrative

105,370

104,005

326,237

321,916

Master lease rent expense (a)

28,993

28,584

86,433

85,186

Maintenance and utilities

41,078

40,472

115,336

114,519

Depreciation and amortization

91,267

73,749

277,357

211,957

Corporate expense

29,386

30,622

99,413

95,938

Project development, preopening and writedowns

(5,356)

3,972

30,268

5,214

Impairment of assets

—

65,123

—

97,395

Other operating items, net

1,039

1,892

4,299

5,399

Total operating costs and expenses

795,553

864,597

2,462,604

2,447,903

Operating income

194,902

139,764

559,592

582,021

Other expense (income)

Interest income

(1,261)

(1,501)

(4,408)

(3,572)

Interest expense, net of amounts capitalized

33,785

33,262

93,659

132,268

Loss on early extinguishments and modifications of debt

—

1,446

391

1,446

Other, net (b)

89

(1,735,479)

93

(1,735,420)

Total other (income) expense, net

32,613

(1,702,272)

89,735

(1,605,278)

Income before income taxes

162,289

1,842,036

469,857

2,187,299

Income tax provision

(38,699)

(403,200)

(112,051)

(487,227)

Net income

123,590

1,438,836

357,806

1,700,072

Net loss attributable to noncontrolling interest

1,343

1,157

3,903

2,798

Net income attributable to Boyd Gaming 

$             124,933

$          1,439,993

$             361,709

$          1,702,870

Basic net income per common share

$                   1.71

$                 17.81

$                   4.83

$                 20.58

Weighted average basic shares outstanding

73,048

80,860

74,864

82,740

Diluted net income per common share

$                   1.71

$                 17.81

$                   4.83

$                 20.58

Weighted average diluted shares outstanding

73,048

80,875

74,867

82,756

(a) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

(b) Includes the gain recognized on the sale of the Company's equity interest in FanDuel during the three and nine months ended September 30, 2025.

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA to Net Income Attributable to Boyd Gaming

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

(In thousands)

2026

2025

2026

2025

Total Revenues by Segment

Las Vegas Locals

$             207,449

$             210,842

$             650,451

$             662,732

Downtown Las Vegas

47,423

53,224

154,473

165,764

Midwest & South

540,489

538,852

1,622,472

1,583,516

Online

154,466

165,597

474,343

508,221

Managed & Other

40,628

35,846

120,457

109,691

Total revenues

$             990,455

$          1,004,361

$          3,022,196

$          3,029,924

Adjusted EBITDAR by Segment

Las Vegas Locals

$               87,389

$               92,128

$             293,767

$             311,389

Downtown Las Vegas

12,853

16,118

48,658

56,446

Midwest & South

201,629

201,603

603,018

586,226

Online

10,925

9,424

29,871

54,974

Managed & Other

29,757

26,269

88,865

79,551

Corporate expense, net of share-based compensation expense (a)

(22,924)

(23,777)

(76,667)

(71,442)

Adjusted EBITDAR

319,629

321,765

987,512

1,017,144

Master lease rent expense (b)

(28,993)

(28,584)

(86,433)

(85,186)

Adjusted EBITDA

290,636

293,181

901,079

931,958

Other operating costs and expenses

Deferred rent

141

147

405

441

Depreciation and amortization

91,267

73,749

277,357

211,957

Share-based compensation expense

8,643

8,534

29,158

29,531

Project development, preopening and writedowns

(5,356)

3,972

30,268

5,214

Impairment of assets

—

65,123

—

97,395

Other operating items, net

1,039

1,892

4,299

5,399

Total other operating costs and expenses

95,734

153,417

341,487

349,937

Operating income

194,902

139,764

559,592

582,021

Other expense (income)

Interest income

(1,261)

(1,501)

(4,408)

(3,572)

Interest expense, net of amounts capitalized

33,785

33,262

93,659

132,268

Loss on early extinguishments and modifications of debt

—

1,446

391

1,446

Other, net (c)

89

(1,735,479)

93

(1,735,420)

Total other (income) expense, net

32,613

(1,702,272)

89,735

(1,605,278)

Income before income taxes

162,289

1,842,036

469,857

2,187,299

Income tax provision

(38,699)

(403,200)

(112,051)

(487,227)

Net income

123,590

1,438,836

357,806

1,700,072

Net loss attributable to noncontrolling interest

1,343

1,157

3,903

2,798

Net income attributable to Boyd Gaming 

$             124,933

$          1,439,993

$             361,709

$          1,702,870

(a) Reconciliation of corporate expense:

Three Months Ended

Nine Months Ended

September 30,

September 30,

(In thousands)

2026

2025

2026

2025

Corporate expense as reported on Condensed Consolidated Statements of Operations

$               29,386

$               30,622

$               99,413

$               95,938

Corporate share-based compensation expense

(6,462)

(6,845)

(22,746)

(24,496)

Corporate expense, net, as reported on the above table

$               22,924

$               23,777

$               76,667

$               71,442

(b) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

(c) Includes the gain recognized on the sale of the Company's equity interest in FanDuel during the three and nine months ended September 30, 2025.

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliations of Net Income attributable to Boyd Gaming to Adjusted Earnings

and Net Income Per Share to Adjusted Earnings Per Share

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

(In thousands, except per share data)

2026

2025

2026

2025

Net income attributable to Boyd Gaming

$             124,933

$          1,439,993

$             361,709

$          1,702,870

Pretax adjustments:

Project development, preopening and writedowns

(5,356)

3,972

30,268

5,214

Impairment of assets

—

65,123

—

97,395

Other operating items, net

1,039

1,892

4,299

5,399

Loss on early extinguishments and modifications of debt

—

1,446

391

1,446

Other, net (a)

89

(1,735,479)

93

(1,735,420)

Total adjustments

(4,228)

(1,663,046)

35,051

(1,625,966)

Income tax effect for above adjustments

953

362,197

(7,578)

354,125

Adjusted earnings

$             121,658

$             139,144

$             389,182

$             431,029

Net income per share, diluted

$                   1.71

$                 17.81

$                   4.83

$                 20.58

Pretax adjustments:

Project development, preopening and writedowns

(0.07)

0.05

0.40

0.06

Impairment of assets

—

0.80

—

1.18

Other operating items, net

0.02

0.02

0.06

0.06

Loss on early extinguishments and modifications of debt

—

0.02

0.01

0.02

Other, net (a)

—

(21.46)

—

(20.97)

Total adjustments

(0.05)

(20.57)

0.47

(19.65)

Income tax effect for above adjustments

0.01

4.48

(0.10)

4.28

Adjusted earnings per share, diluted

$                   1.67

$                   1.72

$                   5.20

$                   5.21

Weighted average diluted shares outstanding

73,048

80,875

74,867

82,756

(a) Includes the gain recognized on the sale of the Company's equity interest in FanDuel during the three and nine months ended September 30, 2025.

Non-GAAP Financial Measures
Our financial presentations include the following non-GAAP financial measures:

EBITDA: earnings before interest, taxes, depreciation and amortization, Adjusted EBITDA: EBITDA adjusted for deferred rent, share-based compensation expense, project development, preopening and writedowns expense, impairments of assets, other operating items, net, gain or loss on early extinguishments and modifications of debt, net income (loss) attributable to noncontrolling interest and other items, net, as applicable, EBITDAR: EBITDA further adjusted for rent expense associated with master leases with a real estate investment trust, Adjusted EBITDAR: Adjusted EBITDA further adjusted for rent expense associated with master leases with a real estate investment trust, Adjusted Earnings: net income before project development, preopening and writedowns expense, impairments of assets, other operating items, net, gain or loss on early extinguishments and modifications of debt, net income (loss) attributable to noncontrolling interest, and other non-recurring adjustments, net, as applicable, and, Adjusted Earnings Per Share (Adjusted EPS): Adjusted Earnings divided by weighted average diluted shares outstanding. Collectively, we refer to these and other non-GAAP financial measures as the "Non-GAAP Measures." 

The Non-GAAP Measures are commonly used measures of performance in our industry that we believe, when considered with measures calculated in accordance with accounting principles generally accepted in the United States (GAAP), provide our investors with a more complete understanding of our operating results and facilitates comparisons between us and our competitors. We provide this information to investors to enable them to perform comparisons of our past, present and future operating results and as a means to evaluate the results of core on-going operations. We have historically reported these measures to our investors and believe that the continued inclusion of the Non-GAAP Measures provides consistency in our financial reporting. We also believe this information is useful to investors in allowing greater transparency related to significant measures used by our management in their financial and operational decision-making, their evaluation of total company and individual property performance, in the evaluation of incentive compensation and in the annual budget process. Management also uses Non-GAAP Measures in the evaluation of potential acquisitions and dispositions. We believe these measures continue to be used by investors in their assessment of our operating performance and the valuation of our company.

The use of Non-GAAP Measures has certain limitations. Our presentation of the Non-GAAP Measures may be different from the presentation used by other companies and therefore comparability may be limited. While excluded from certain of the Non-GAAP Measures, depreciation and amortization expense, interest expense, income taxes and other items have been and will be incurred. Each of these items should also be considered in the overall evaluation of our results. Additionally, the Non-GAAP Measures do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the historical GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance. We do not provide a reconciliation of forward-looking Non-GAAP Measures to the corresponding forward-looking GAAP measure due to our inability to project special charges and certain expenses.

The Non-GAAP Measures are to be used in addition to and in conjunction with results presented in accordance with GAAP. The Non-GAAP Measures should not be considered as an alternative to net income, operating income, or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. The Non-GAAP Measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding historical GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.

Forward-looking Statements and Company Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "may," "will," "might," "expect," "believe," "anticipate," "could," "would," "estimate," "continue," "pursue," or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding future performance. These forward-looking statements are based on the current beliefs and expectations of management and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Boyd Gaming's ability to control or estimate precisely. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 26 gaming entertainment properties in 11 states. The Company also manages a tribal casino in northern California, and owns and operates Boyd Interactive, a B2B and B2C online casino gaming business. Boyd Gaming's nationwide portfolio is connected through Boyd Rewards, recognized as the nation's favorite casino loyalty program by readers of both USA Today and Newsweek.  Named by Forbes and Time magazines as one of "America's Best Companies," and led by one of the most experienced teams in the industry, Boyd Gaming is dedicated to delivering an outstanding entertainment experience and memorable guest service. For additional Company information and press releases, visit https://www.boydgaming.com.

SOURCE Boyd Gaming Corporation
2026-10-22 21:31 7d ago
2026-10-22 15:09 7d ago
Robbins prověřuje Six Flags po smrtelné nehodě
FUN Six Flags Entertainment
FMP Stock News 85
Original source text
, /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating Six Flags Entertainment Corporation (NYSE: FUN) to determine whether certain Six Flag's officers and directors violated securities laws and breached fiduciary duties to shareholders. Six Flags operates amusement parks and resort properties in North America.

Why Are We Investigating Six Flags?

On October 13, 2026, the Wall Street Journal published an article, 'Six Flags Closes Several Rides After Georgia Roller-Coaster Death," which stated that the Company "was shutting down similar attractions across its parks after several people were injured." Specifically, police found Hassan Jihad Ibn Kariem, 42 years old, under the Goliath roller coaster at Six Flags Over Georgia just before 4 p.m. Monday. He was unresponsive and not breathing, according to the Cobb County Police Department. Investigators believe Kariem was ejected from the ride and struck other passengers before falling to his death, based on interviews with witnesses and theme-park employees.

Six Flags has recently faced scrutiny over the safety record associated with another of its attractions: the X2 coaster at its Magic Mountain park in Southern California. Multiple lawsuits alleged that the coaster caused serious brain injuries. Six Flags permanently closed that ride last month.

Shares in Six Flags fell approximately 14.4% on October 13, 2026.

What Can FUN Shareholders Do Now?

If you lost money investing in Six Flags Entertainment Corporation, contact Robbins LLP for more information by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Why Robbins LLP?

A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.  Since our inception, we have obtained over $2 billion for shareholders.

To be notified if a class action against Six Flags Entertainment Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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

SOURCE Robbins LLP
2026-10-22 21:26 7d ago
2026-10-22 16:30 7d ago
Encompass Health otevřela rehabilitační nemocnici v San Antoniu
EHC Encompass Health Corp
FMP Stock News 78
Original source text
, /PRNewswire/ -- Today, Encompass Health, the nation's largest owner and operator of inpatient rehabilitation hospitals, announced the opening of Encompass Health Rehabilitation Hospital of Westover Hills in San Antonio, Texas. The 50-bed inpatient rehabilitation hospital is now accepting patients.

Encompass Health Rehabilitation Hospital of Westover Hills exterior The more than 54,000-square-foot hospital provides essential rehabilitation services to help patients recovering from strokes, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions regain functional ability, independence and quality of life. Patients receive a minimum of three hours of intensive therapy five days each week, including physical, occupational and speech therapy based on their individual needs. Patients also receive frequent physician visits and 24-hour nursing care.

"The opening of Encompass Health Westover Hills represents another important step in expanding access to high-quality inpatient rehabilitation across the state," said Craig Funk, Encompass Health group president. "We are proud to bring our rehabilitation expertise to more patients in the San Antonio area. The exceptional team at Westover Hills will provide the high-quality, compassionate care patients need to regain independence and return to the activities they love."
 

Hospital amenities include private patient rooms, a spacious therapy gym with advanced rehabilitation technologies, an activities of daily living suite that simulates real-world environments, an in-house dialysis suite, an outdoor therapy courtyard, a dining room, an in-house pharmacy and dayroom areas. An interdisciplinary team of highly specialized nurses, therapists and physicians creates customized treatment plans to meet each patient's unique recovery goals.

Encompass Health Westover Hills is the Company's 30th location in Texas and second location in the San Antonio area, in addition to Encompass Health Rehabilitation Hospital of San Antonio.

About Encompass Health
Encompass Health (NYSE: EHC) is the largest owner and operator of inpatient rehabilitation hospitals in the United States. With a national footprint that includes 179 hospitals in 39 states and Puerto Rico, the Company provides high-quality, compassionate rehabilitative care for patients recovering from major injuries or illnesses, using advanced technology and innovative treatments to maximize recovery. Encompass Health is recognized by Newsweek as America's Most Awarded Leader in Inpatient Rehabilitation and is ranked among Fortune's World's Most Admired Companies™ and Forbes' America's Best Companies. It is also recognized by Becker's Healthcare and Modern Healthcare as a top healthcare employer. For more information, visit encompasshealth.com and follow us on our newsroom, X, Instagram and Facebook.

From Fortune. © 2026 Fortune Media IP Limited. All rights reserved. Fortune® is a registered trademark and Fortune World's Most Admired Companies™ is a trademark of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of Encompass Health.

Media contact:
Polly Manuel | 205-970-5912
[email protected]

SOURCE Encompass Health Corp.
2026-10-22 21:20 7d ago
2026-10-22 15:19 7d ago
F.N.B. vyplatí dividendu 0,13 USD na akcii
FNB F.N.B.
FMP Stock News 85
Original source text
, /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced its Board of Directors declared a quarterly cash dividend of $0.13 per share on its common stock. The dividend is payable on December 15, 2026, to shareholders of record as of the close of business on December 1, 2026.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of $52 billion and more than 355 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and equipment financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management and advisory services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com. 

SOURCE F.N.B. Corporation
2026-10-22 21:13 7d ago
2026-10-22 15:00 7d ago
Zurn Elkay zvýšila dividendu o 18 %
ZWS Zurn Elkay Water Solutions
FMP Stock News 95
Original source text
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced today that its Board of Directors declared a quarterly common stock dividend of $0.13 per share, reflecting an 18% increase from the prior quarterly dividend of $0.11 per share. The dividend is payable in cash on December 7, 2026 to stockholders of record as of November 20, 2026.

About Zurn Elkay Water Solutions

Named one of America’s Greatest Companies and America’s Most Responsible Companies by Newsweek and one of America’s Best Companies and the World’s Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwaukee, Wisconsin, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, water heating and filtered drinking water products for public and private spaces. Learn more at zurnelkay.com.

Forward-Looking Statements

Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Zurn Elkay Water Solutions Corporation as of the date of the release, and Zurn Elkay Water Solutions Corporation assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements” in the Company’s Form 10-K for the period ended December 31, 2025 as well as the Company’s annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the SEC for a further discussion of the factors and risks associated with the business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261020954019/en/

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2026-10-22 21:11 7d ago
2026-10-22 16:30 7d ago
Charles River, FDA a Labcorp zlepší hodnocení potenciálu zneužívání léčiv
CRL Charles River Laboratories
FMP Stock News 78
Original source text
-

Joint research effort seeks to improve abuse potential assessment tools to support drug development and public health decision-making

WILMINGTON, Mass.--(BUSINESS WIRE)--Charles River Laboratories International, Inc. (NYSE: CRL) today announced a Research Collaboration Agreement (RCA) with the U.S. Food and Drug Administration (FDA) and Labcorp for developing sensitive screening tools to quantify and rank the abuse potential of new drugs, including abuse-deterrent formulations (ADFs) and emerging drugs of abuse. The agreement establishes a joint research framework to enhance objective, standardized metrics for quantifying abuse potential in preclinical models which may inform regulatory assessments of abuse potential under the Controlled Substances Act (CSA).

Abuse potential assessments are vital components of the safety evaluation of central nervous system-active compounds and are relied upon by FDA and the Drug Enforcement Administration for scheduling control measures.

Share “Assessing abuse potential is essential for identifying risks and ensuring the safety of new drugs,” said Dr. Namandjé N. Bumpus, Chief Science and Innovation Officer, Charles River. “This collaboration will improve public health safeguards and ultimately amplify our shared efforts to protect patients and communities.”

Evaluating Abuse Potential
Abuse potential assessments are vital components of the safety evaluation of central nervous system-active compounds and are relied upon by FDA and the Drug Enforcement Administration for scheduling control measures.

Enhancing objective, reproducible methods to assess abuse potential is important for advancing regulatory science and supporting evidence-based decision-making. This collaboration will help evaluate approaches that could improve the consistency and sensitivity of abuse potential assessments, ultimately contributing to efforts to protect public health.

Charles River has extensive expertise in assessing abuse potential, having conducted over 100 abuse potential studies and contributed to assessments of the abuse potential of 15 FDA-approved products. As part of its participation in the collaboration, Charles River will leverage behavioral economic models of supply and demand to analyze self-administration data. These models assess the relative reinforcing properties of substances, helping researchers evaluate abuse potential and compare it with that of known drugs of abuse. A recent behavioral economics pilot conducted at Charles River’s Mattawan site provided preliminary proof-of-concept data that demonstrated the promise of this approach.

The collaboration aims to improve sensitivity, accuracy, and consistency across laboratories, ultimately enhancing public health by more reliably and effectively assessing the abuse potential of new drugs.

About Charles River
Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Our dedicated employees are focused on providing clients with exactly what they need to improve and expedite the discovery, early-stage development and safe manufacture of new therapies for the patients who need them. To learn more about our unique portfolio and breadth of services, visit www.criver.com.

More News From Charles River Laboratories International, Inc.

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2026-10-22 21:10 7d ago
2026-10-22 16:08 7d ago
Mueller Water Products zvýšila dividendu a objem programu zpětného odkupu akcií
MWA Mueller Water Products
FMP Stock News 97
Original source text
 | Source: Mueller Water Products

ATLANTA, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced that its Board of Directors (the “Board”) has approved a $300 million increase to the existing common stock repurchase authorization. The Board also declared today a $0.08 per share quarterly dividend, a 14.3% increase compared with the prior quarterly dividend.

“Our decision to increase the quarterly dividend and expand our share repurchase authorization reflects our confidence in Mueller’s strategy supported by the disciplined execution of the Mueller Operating System. With our strong balance sheet and ability to generate cash, we can continue investing in the business while returning capital to shareholders. The expanded authorization gives us added flexibility to repurchase shares opportunistically when we believe they are undervalued,” said Paul McAndrew, President and Chief Executive Officer of Mueller Water Products.

$300 Million Stock Repurchase Authorization

The Board increased the common stock repurchase program authorization by $300.0 million, bringing the total existing common stock repurchase authorization to $334.5 million, including the existing stock repurchase authorization.

The Company repurchased $30.5 million of common stock in fiscal 2026, including $15.0 million in the fourth quarter ending September 30, 2026.

Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, accelerated share repurchase arrangements and tender offers, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, or at any specific time or intervals, and may be modified, suspended or terminated at any time at the Company’s discretion.

Quarterly Dividend Increase

The Board has declared a $0.08 per share quarterly dividend, representing a 14.3% increase from the $0.07 per share dividend paid in the fourth quarter of fiscal 2026. The dividend is payable on or about November 19, 2026, to stockholders of record as of the close of business on November 9, 2026.

Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. These include statements regarding the Company’s strategy, execution, financial position, ability to generate cash, capital allocation priorities, the anticipated timing, amount and manner of repurchases under the Company’s stock repurchase program, the payment of the quarterly dividend and the Company’s ability to return capital to shareholders. Forward-looking statements are based on certain assumptions and assessments made by the Company in light of the Company’s experience and perception of historical trends, current conditions, and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors. These factors include the Company’s ability to generate sufficient cash flow to fund its operations, investments in the business, dividends and share repurchases; changes in the market price of the Company’s common stock; general economic, market and business conditions; the availability of alternative uses of capital; contractual and legal limitations on the Company’s ability to pay dividends or repurchase shares; the Board’s discretion to modify, suspend or terminate the stock repurchase program or to change future dividend declarations; the Company’s ability to execute its strategy, including the Mueller Operating System, and the other factors described in the section entitled “RISK FACTORS” in Item 1A of the Company’s most recent Annual Report on Form 10-K and in later filings on Form 10-Q, as applicable. Forward-looking statements do not guarantee future performance and are only as of the date they are made. The Company undertakes no duty to update its forward-looking statements except as required by law.

About Mueller Water Products, Inc.

Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America. Our broad portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®. Visit us at www.muellerwaterproducts.com.

Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other.

Investor Relations Contact: Whit Kincaid
770-206-4116
[email protected]

Media Contact: Jenny Barabas
470-806-5771
[email protected]
2026-10-22 21:07 7d ago
2026-10-22 16:42 7d ago
HIMS čelí hromadné žalobě po žalobě ze strany FTC
HIMS Hims Hers Health
FMP Stock News 85
Original source text
San Francisco, California--(Newsfile Corp. - October 22, 2026) - Hims & Hers Health, Inc. (NYSE: HIMS) and certain company executives now face a securities class action lawsuit stemming from the FTC's sweeping federal complaint against the company in which the Commission accuses Hims of serious business misconduct.

Hagens Berman, which is actively investigating the alleged claims, encourages HIMS investors who suffered substantial losses to submit your losses now.

Class Period: Aug. 4, 2025 - July 29, 2026
Lead Plaintiff Deadline: Nov. 2, 2026
Visit Hims Investigation Page: www.hbsslaw.com/hims
Direct Contact Email: [email protected]
Firm Telephone: 844-916-0895
Video:

Cannot view this video? Visit:
https://www.youtube.com/watch?v=DZQWREfFVIM

Hims & Hers Health ($HIMS) Securities Class Action

The lawsuit is focused on the propriety of Hims' repeated assurances that "[w]e have developed and maintain policies and procedures with respect to health information and personal information that we use or disclose in connection with our operations, including the adoption of administrative, physical, and technical safeguards to protect such information."

The complaint alleges that Hims: (1) shared consumers' health information with third-party advertising platforms; (2) charges consumers for prescriptions almost immediately after they submit intake forms, despite telling them that they will be able to consult with a medical provider to find a treatment that is "right for them[;]" and (3) as a result, would be subject to heightened regulatory scrutiny and likely to incur fees and penalties.

What Drove the $HIMS July 29, 2026 Stock Crash? The FTC and State Lawsuit Breakdown

The securities class action cites the July 29, 2026 federal complaint filed against Hims by the FTC-alongside co-plaintiffs the State of Utah and the County of Los Angeles (representing California).

After an extensive investigation by the Commission, it contends that Hims engaged in:

Deceptive Health Data Sharing: Despite extensive marketing campaigns emphasizing strict privacy, discreet telehealth consultations, and data protection, the complaint alleges that Hims surreptitiously shared sensitive user medical conditions and personal health data with third-party advertising giants, including Meta Platforms (Facebook) and Snap, via embedded tracking pixels and customer list matching. Subscription Billing & Cancellation Barriers (ROSCA Violations): The lawsuit accuses Hims of violating the Restore Online Shoppers' Confidence Act (ROSCA) by enrolling consumers in recurring subscription models without informed consent. According to regulators, consumers were billed for prescriptions almost immediately upon completing an intake form-long before receiving any consultation with a medical provider-while facing dark patterns and hidden cancellation options designed to prevent subscription termination.The market swiftly reacted, sending the price of Hims shares down $4.32 (-14.7%) and erasing over $970 million from the company's market capitalization in a single day.

"We're focused on whether Hims may have intentionally misled investors about its business practices, including the adequacy of its internal controls, and financial ramifications of the alleged misconduct," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

If you invested in HIMS and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now »

Whistleblowers: Persons with non-public information regarding HIMS 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.

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320488

Source: Hagens Berman Sobol Shapiro LLP

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2026-10-22 21:06 7d ago
2026-10-22 16:09 7d ago
SoundHound AI zveřejní výsledky 5. listopadu 2026
SOUN SoundHound AI
FMP Stock News 75
Original source text
SANTA CLARA, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) -- SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and agentic AI, today announced that it will release its third quarter 2026 financial results after market close on Thursday, November 5, 2026. The company will host a conference call and webcast to review the results on the same day.

Conference Call and Webcast Information
SoundHound AI will host its conference call at 2:00 p.m. PT / 5:00 p.m. ET. A live audio webcast will be available at investors.soundhound.com and a replay will be available at the same location.

If you wish to receive company email notifications, please register at https://investors.soundhound.com/ir-resources/email-alerts

About SoundHound AI
SoundHound AI (Nasdaq:SOUN) is a voice and agentic AI company that enables businesses to deliver natural, end-to-end conversational experiences across digital and physical channels, including phones, kiosks, chat, smart devices, drive-thrus, TVs, in-vehicle, and more. Its agentic platform, OASYS, is a self-learning, orchestrated AI system where organizations can build and deploy conversational AI agents to handle transactions, tasks, and workflows on behalf of customers and employees. Built on proprietary technology backed by 750+ patents and years of AI research, SoundHound serves leading brands across industries including automotive, financial services, healthcare, retail, telecommunications, and more. It powers millions of products and processes billions of interactions annually for enterprise customers worldwide. Learn more at: www.soundhound.com

Investors:
Jon Perachio
203-788-8576
[email protected]

Media:
Fiona McEvoy
415-610-6590
[email protected]
2026-10-22 20:44 7d ago
2026-10-22 16:16 7d ago
Sezzle žádá o federální bankovní licenci a pojištění vkladů
SEZL Sezzle
FMP Stock News 94
Original source text
Minneapolis, MN, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Sezzle Inc. (NASDAQ: SEZL) (Sezzle or Company) today announced that it has filed an application with the Office of the Comptroller of the Currency (OCC) to charter a national bank, Sezzle Bank, N.A. and applied to the Federal Deposit Insurance Corporation (FDIC) for deposit insurance.

If approved, Sezzle Bank would offer a broad range of banking products and services, including FDIC-insured deposit accounts, checking and savings accounts, and credit products. Sezzle Bank would focus on digitally native consumers, including those new to credit, and who tend to avoid using more traditional credit products such as credit cards, to provide a choice of lending options.

As a national bank, Sezzle Bank would be subject to ongoing supervision and examination by the OCC, including for safety and soundness, consumer compliance, Bank Secrecy Act/anti-money laundering, and fair lending. Sezzle will apply to become a bank holding company subject to consolidated supervision by the Board of Governors of the Federal Reserve System.

"Applying for a national bank charter reflects our commitment to operating under the highest standards of federal oversight," said Charlie Youakim, Chief Executive Officer and Executive Chairman of Sezzle. "A charter would allow us to offer a broader set of banking products to people who prefer BNPL and digitally native banking products, with the same federal supervision that applies to every national bank."

The filing begins Sezzle's formal charter application process. There is no change for Sezzle customers at this time, and Sezzle will continue working with its existing lending partners. Regulatory approvals are not guaranteed, and Sezzle will provide updates as appropriate.

To learn more about Sezzle, visit sezzle.com. 

About Sezzle Inc.

Sezzle is a forward-thinking fintech company committed to financially empowering the next generation. Designed to support users throughout every stage of their financial journey, Sezzle’s all-in-one app enables users to shop, earn, and learn in a seamless experience. By offering point-of-sale financing and digital payment services, Sezzle enhances purchasing power while connecting millions of consumers with its global network of merchants. Centered on transparency, inclusivity, and ease of use, Sezzle empowers consumers to manage spending responsibly and build lasting financial independence.

For additional assets and news on Sezzle please visit https://sezzle.com/news/.

Follow Sezzle on social media: LinkedIn | Instagram | X 

Sezzle Media Contact:

Erin Foran

Tel: (651) 403-2184

Email: [email protected]

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, are forward-looking statements, including statements regarding the timing and the ability of Sezzle to obtain approval for a national bank charter, Sezzle's plans and strategic initiatives, including planned business activities and target market of Sezzle Bank, Sezzle's intention to submit the applications discussed in this release and the timing and success thereof, and the ability of Sezzle to realize the anticipated benefits of these activities. 

Forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others: the possibility that the national bank charter application, or other expected applications discussed in the release may not be approved timely, if at all; the uncertain nature of the impact that a national bank charter may have on Sezzle's business; impact of the “buy-now, pay-later” (“BNPL”) industry becoming subject to increased regulatory scrutiny; impact of operating in a highly competitive industry; impact of macro-economic conditions on consumer spending; our ability to increase our merchant network, our base of consumers and underlying merchant sales (UMS); our ability to effectively manage growth, sustain our growth rate and maintain our market share; our ability to meet additional capital requirements; impact of exposure to consumer bad debts and insolvency of merchants; impact of the integration, support and prominent presentation of our platform by our merchants; impact of any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware, physical security breaches, natural disasters, or similar disruptions; impact of key vendors or merchants failing to comply with legal or regulatory requirements or to provide various services that are important to our operations; impact of the loss of key partners and merchant relationships; our ability to retain employees and recruit additional employees; and impact of the costs of complying with various laws and regulations applicable to the BNPL industry and financial institutions in the United States. The Company cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read the Company's filings with the Securities and Exchange Commission, available at www.sec.gov, for a discussion of these and other risks and uncertainties, including but not limited to those risks described in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 26, 2026. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The Company's business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
2026-10-22 20:43 7d ago
2026-10-22 15:33 7d ago
D-Wave čelí hromadné žalobě investorů kvůli zkresleným výhledům
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Did you buy QBTS securities between February 26, 2026 and August 25, 2026?

Affected QBTS Investor Summary

Who: D-Wave Quantum Inc. (NASDAQ: QBTS) What: Securities fraud class action lawsuit filed Class Period: February 26, 2026 through August 25, 2026 Deadline to Seek Lead Plaintiff Status: December 15, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's financial and operational prospects Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options , /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against D-Wave Quantum Inc. (D-Wave) (NASDAQ: QBTS) on behalf of those who purchased or acquired D-Wave securities between February 26, 2026 and August 25, 2026, inclusive. The lawsuit is filed in the United States District Court for the Northern District of California and is captioned Fessler v. D-Wave Quantum Inc., No. 5:26-cv-11953 (N.D. Cal.). Investors have until December 15, 2026, to file for lead plaintiff status.

CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired D-Wave securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/qbts-dwave-quantum-inc-class-action-lawsuit?utm_campaign=hc?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=qbts&mktm=PR

You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.

To view the D-Wave video on YouTube, click here: https://youtu.be/1-ab4w_SeA4?si=nQXXTpj3fahTFlFp

D-WAVE QUANTUM INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
D-Wave is in the business of developing and delivering quantum computing systems, software, and services.

The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Defendants materially overstated the company's operational and financial prospects; (2) as a result, it was reasonably likely that D-Wave would experience a negative impact to its business and reputation; and (3) as a result of the foregoing, Defendants' statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHY DID D-WAVE'S STOCK DROP?
On August 6, 2026, D-Wave reported disappointing financial results for the second quarter of 2026 including, among other items, missing analysts' revenue expectations. On this news, the price of D-Wave's stock fell by $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.

Then, on August 25, 2026, D-Wave issued a press release announcing the resignation of its CFO, effective September 2, 2026. On this news, the price of D-Wave's stock fell $1.84 per share, or 9.51%, closing at $17.52 per share on August 26, 2026.

WHAT D-WAVE QUANTUM INC. INVESTORS CAN DO NOW:

File to be lead plaintiff by December 15, 2026. Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you. Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR D-WAVE QUANTUM INC. INVESTORS:
D-Wave investors may, no later than December 15, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages D-Wave investors to contact the firm for more information.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500's Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.

CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

SOURCE Kessler Topaz Meltzer & Check, LLP
2026-10-22 20:23 7d ago
2026-10-22 14:07 8d ago
Bank of America zvýšila cílovou cenu SpaceX na 275 USD
SPCX SpaceX
FMP Stock News 95
Original source text
SpaceX Corp (NASDAQ:SPCX) is moving closer to its next major growth milestone, with an ambitious revenue outlook and a crucial Starship recovery test ahead prompting Bank of America to raise its price target to $275 following a third-quarter beat. 

The bank said management’s growth ambitions are becoming more achievable than previously expected, prompting it to bring forward revenue estimates for the coming years, including as early as 2027. 

Bank of America also drew a comparison with the 19th-century railroad industry, arguing that both businesses are built around dramatically reducing transportation costs. 

SpaceX remains on track to reach $100 billion in annualized revenue by the end of 2026, a target established last quarter. 

Management now expects first-quarter 2027 revenue of $33 billion to $37 billion, well above the roughly $22 billion anticipated by analysts. 

The company also forecast annual recurring revenue of $500 billion to $1 trillion by the end of 2027, bringing forward its previous target of $1 trillion from 2030. 

Compute spending set to accelerate  Capital spending on orbital and terrestrial computing infrastructure is expected to increase faster than analysts had anticipated. 

Bank of America expects capital expenditure to reach $35 billion to $40 billion in the fourth quarter, up from $19 billion in the third quarter. 

The bank said SpaceX has sufficient liquidity to fund its investment program for the next few quarters, but expects the company to tap debt markets as spending increases. 

It added that rising value per watt of computing capacity could support rapid payback periods, potentially beginning next year. 

Starship launches offer next catalyst  SpaceX completed 35 launches in the third quarter, while Starship continued to progress towards full reusability and expanded satellite deployment capacity. 

Flight 14 marked Starship’s first revenue-generating mission, demonstrating orbital insertion and deploying 26 operational Starlink V3 satellites. 

Flight 15 is expected next month and will target the recovery of both the booster and the spacecraft, a milestone Bank of America considers the program’s next major catalyst. 

Successful execution could pave the way for weekly Starship launches in the first half of 2027, with launch frequency expected to accelerate in the second half. 

Bank of America said progress towards that schedule would reduce execution risks and expand SpaceX’s capacity to deploy Starlink satellites. 
2026-10-22 20:23 7d ago
2026-10-22 16:05 7d ago
Rexford Industrial zvýšil výhled základního FFO pro rok 2026
REXR Rexford Industrial Realty
FMP Stock News 98
Original source text
Raises 2026 Core FFO per share guidance

Advances portfolio realignment with $1.5 billion of dispositions year to date

Executes 3.7 million square feet of leasing, including 600,000 square feet of repositioning and development

, /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR) today announced financial and operating results for the third quarter of 2026.

Third Quarter 2026 Financial and Operational Highlights (all comparisons to Third Quarter 2025)

Net income attributable to common stockholders of $14.6 million, or $0.07 per diluted share, as compared to net income of $87.1 million, or $0.37 per diluted share. Company share of Core FFO per diluted share of $0.60, consistent with the prior year quarter. Same Property Portfolio Cash NOI decreased 1.1% and Same Property Portfolio NOI decreased 2.6%. Same Property Portfolio ending occupancy of 96.9%, up 200 basis points from June 30, 2026. Executed 3.7 million square feet of new and renewal leases, including 599,369 square feet of repositioning and development leases. Comparable rental rates increased by 7.1%, compared to prior rents, on a net effective basis and decreased by 3.0% on a cash basis. Stabilized one repositioning project totaling 46,653 square feet. Sold 25 properties for a total sales price of $1.3 billion, including a 22-property portfolio transaction for a total sales price of $1.2 billion. Repurchased 10.9 million shares of common stock for $408.7 million at a weighted average price of $37.59 per share, including $100.0 million of repurchases completed subsequent to quarter end. Repaid $485.0 million of debt, including $60.0 million of 2026 maturities and $425.0 million of 2027 maturities. Reduced Net Debt to Adjusted EBITDAre to 3.8x, down from 4.5x as of June 30, 2026. "Our third quarter performance reflects strong execution across our strategic priorities," said Laura Clark, Chief Executive Officer. "Infill Southern California industrial market fundamentals continue to improve, with increasing tenant demand driving our strong leasing activity in the quarter. We've made significant progress on our portfolio realignment, sharpening our portfolio, strengthening our balance sheet and enhancing our financial flexibility. We remain focused on disciplined execution and capital allocation to drive sustainable cash flow growth and long-term shareholder value creation."

Financial

The Company reported net income attributable to common stockholders for the third quarter of $14.6 million, or $0.07 per diluted share, compared to net income of $87.1 million, or $0.37 per diluted share, in the prior year quarter. Net income in the third quarter includes $71.8 million of impairments and $23.2 million of gains on sale of real estate, as compared to $0 and $28.6 million, respectively, for the prior year quarter. For the nine months ended September 30, 2026, net loss attributable to common stockholders was $404.4 million, or $1.80 per diluted share, compared to net income of $268.9 million, or $1.16 per diluted share, in the prior year period. Net loss in the nine months ended September 30, 2026 includes $703.4 million of impairments and $71.4 million of gains on sale of real estate, as compared to $0 and $86.1 million, respectively, for the prior year period.

The Company reported its share of Core FFO for the third quarter of $0.60 per diluted share, consistent with the prior year quarter, driven by the favorable impact of capital recycling activities and lower general and administrative expense, offset by lower Same Property Portfolio NOI and lower interest income. For the nine months ended September 30, 2026, the Company reported Core FFO of $1.85 per diluted share, representing an increase of 1.6%, compared to $1.82 per diluted share for the prior year period.

In the third quarter of 2026, the Company's Same Property Portfolio NOI and Cash NOI decreased 2.6% and 1.1%, respectively, compared to the prior year quarter. Same Property Portfolio NOI decrease was primarily driven by effective rental rate compression, lower average occupancy and higher bad debt expense. Same Property Portfolio Cash NOI decrease was primarily driven by higher rent abatement, lower average occupancy and higher bad debt expense, partially offset by annual contractual rent increases. For the nine months ended September 30, 2026, the Company's Same Property Portfolio NOI and Cash NOI decreased 0.1% and increased 0.9%, respectively, compared to the prior year period.

Operations

Q3 2026 Leasing Activity

Releasing Spreads(1)

# of Leases
Executed

SF of

Leasing

Net

Effective

Cash

New Leases

60

2,157,994

2.3 %

(7.0) %

Renewal Leases

56

1,580,384

10.8 %

0.1 %

Total Leases

116

3,738,378

7.1 %

(3.0) %

(1)

Net effective and cash rent statistics include leases in which there is comparable lease data. Please see the Company's supplemental financial reporting package for additional detail related to leasing activity in Q3 2026.

As of September 30, 2026, the Company's Same Property Portfolio ending occupancy was 96.9%. Average Same Property Portfolio occupancy for the third quarter was 95.6%. The Company's total portfolio, excluding repositioning and development assets, was 96.1% occupied and 96.4% leased, and the Company's total portfolio, including repositioning and development assets, was 91.3% occupied and 92.2% leased. The Company's improved land and industrial outdoor storage (IOS) sites, totaling approximately 8.3 million square feet or 189.7 acres, were 94.5% leased as of September 30, 2026.

Repositionings and Developments

During the third quarter of 2026, the Company executed 599,369 square feet of repositioning and development leases. Year to date, leasing activity across the Company's repositioning and development projects totaled 783,643 square feet, representing $17.5 million of annualized Cash NOI.

During the third quarter of 2026, the Company stabilized one 46,653-square-foot repositioning project, representing a total investment of $14.5 million. This project achieved a weighted average unlevered stabilized return on cost of 13.8%.

Year to date, the Company stabilized five repositioning and development projects totaling 387,933 square feet, representing a total investment of $161.1 million. These projects achieved a weighted average unlevered stabilized return on cost of 7.7%.

Dispositions

During the third quarter of 2026, the Company disposed of 25 properties totaling 5.5 million square feet for an aggregate sales price of $1.3 billion. This included the previously announced sale of a 22-property portfolio totaling 5.2 million square feet for an aggregate price of $1.2 billion. In addition, the Company sold three properties to owner-users totaling 251,280 square feet for an aggregate price of $86.0 million, including one previously completed, vacant development property, 1500 Raymond Avenue, located in the North Orange County submarket.

Year to date, the Company disposed of 37 properties totaling 6.4 million square feet for an aggregate sales price of $1.5 billion.

Balance Sheet

The Company ended the third quarter of 2026 with approximately $1.7 billion of total liquidity, including $423.6 million in unrestricted cash on hand and $1.245 billion available under its unsecured revolving credit facility.

In the third quarter of 2026 and subsequent to quarter end, the Company repurchased 10.9 million shares of its common stock for $408.7 million at a weighted average price of $37.59 per share, bringing year-to-date repurchases as of October 22, 2026, to $708.7 million at a weighted average price of $36.90 per share. As of October 22, 2026, the Company has $591.3 million remaining available under its current stock repurchase program.

During the third quarter of 2026, the Company repaid $485.0 million of debt using cash on hand, including $60.0 million of 2026 maturities and $425.0 million of 2027 maturities. This included a $60.0 million term loan facility bearing interest at an effective rate of 5.06%, a $300.0 million term loan facility bearing interest at an effective rate of 3.58% and a $125.0 million unsecured senior note bearing interest at an effective rate of 3.93%.

As of September 30, 2026, the Company had $2.8 billion of outstanding debt, with a weighted average interest rate of 3.70%, and no floating-rate debt exposure. The weighted average term-to-maturity of the Company's outstanding debt is 2.9 years.

Dividends

On October 20, 2026, the Company's Board of Directors authorized a dividend in the amount of $0.435 per share for the fourth quarter of 2026, payable in cash on January 15, 2027, to common stockholders and common unit holders of record as of December 31, 2026.

On October 20, 2026, the Company's Board of Directors authorized a quarterly dividend of $0.367188 per share of its Series B Cumulative Redeemable Preferred Stock and a quarterly dividend of $0.351563 per share of its Series C Cumulative Redeemable Preferred Stock, payable in cash on December 31, 2026, to preferred stockholders of record as of December 15, 2026.

Guidance

The Company is updating its full year 2026 guidance as indicated below. Please refer to the Company's supplemental information package for a complete detail of guidance and the 2026 Guidance Rollforward.

2026 Outlook

Q3 2026

Updated Guidance

Q2 2026

Guidance

Earnings

Net Loss Attributable to Common Stockholders per diluted share(1)

($1.55) - ($1.52)

($1.32) - ($1.27)

Company share of Core FFO per diluted share(1)

$2.41 - $2.44

$2.38 - $2.43

Same Property Portfolio(2)

Same Property Portfolio NOI Growth - Net Effective

(0.25)% - 0.25%

(1.25)% - (0.25)%

Same Property Portfolio NOI Growth - Cash

0.25% - 0.75%

(0.75)% - 0.25%

Average Same Property Portfolio Occupancy (Full Year)

95.8% - 96.0%

95.3% - 95.7%

Capital Allocation

Dispositions

$1.7B - $2.0B

$1.5B - $2.0B

Repositioning/Development Annualized Stabilized Cash NOI(3)

$16M - $18M

$16M - $18M

Repositioning/Development Starts (SF)

0.8M

1.2M

Repositioning/Development Starts (Total Estimated Project Costs)

$125M - $130M

$160M - $170M

Other Assumptions

General and Administrative Expenses

+/-$57M

+/-$57M

Interest Expense(4)

+/-$105M

+/-$105M

(1)

2026 Net Loss and Core FFO Guidance reflects the Company's in-place portfolio as of October 22, 2026, as well as guidance expectations related to investment activity.

(2)

2026 Same Property Portfolio is a subset of our consolidated portfolio and includes properties that were wholly owned for the period from January 1, 2025 through October 22, 2026, and excludes properties that were or will be classified as repositioning or development (current and future) or lease-up during 2025 and 2026 (unless otherwise noted), select buildings in other repositioning and properties included in the 2026 disposition guidance.

(3)

Represents estimated annualized Cash NOI for repositioning and development projects expected to stabilize in 2026, including projects that stabilized in Q1 through Q3 2026.

(4)

Interest Expense excludes the $2.9 million gain on the termination of interest rate swaps associated with the repayment of the $300 million term loan due May 2027 recognized in Q3 2026.

A number of factors could impact the Company's ability to deliver results in line with its guidance, including, but not limited to, the potential impacts related to interest rates, inflation, the economy, tariffs, geopolitical risks including impacts from the war in the Middle East, the supply and demand of industrial real estate, the availability and terms of financing to the Company or to potential acquirers of real estate and the timing and yields for divestment and investment. There can be no assurance that the Company can achieve such results.

Supplemental Information and Earnings Presentation

The Company's supplemental information package as well as an earnings presentation are available on the Company's investor relations website at ir.rexfordindustrial.com.

Earnings Release, Investor Conference Webcast and Conference Call

A conference call with executive management will be held on Friday, October 23, 2026, at 11:00 a.m. Eastern Time.

To participate in the live telephone conference call, please access the following dial-in numbers at least five minutes prior to the start time using Meeting ID 238 759 897.

1 (585) 542-9983 (Local)
1 (833) 461-5787 (Toll-Free)

A live webcast and replay of the conference call will also be available at ir.rexfordindustrial.com.

About Rexford Industrial

Rexford Industrial (NYSE: REXR) transforms industrial real estate that powers the world's goods, fueling businesses, communities and everyday life. Focused exclusively on infill Southern California, the Company's portfolio of highly functional industrial properties serves the local consumption base of one of the world's largest and most economically diverse industrial markets. Through its operational expertise and disciplined execution, the Company drives value creation and long-term shareholder value. Rexford Industrial is a real estate investment trust and a member of the S&P MidCap 400 Index. For more information, please visit rexfordindustrial.com.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other filings with the Securities and Exchange Commission. Except as may otherwise be required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Definitions / Discussion of Non-GAAP Financial Measures

Funds from Operations (FFO): We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts ("NAREIT"). FFO represents net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of depreciable operating property, gains (or losses) from sales of assets incidental to our business, impairment losses of depreciable operating property or assets incidental to our business, real estate related depreciation and amortization (excluding amortization of deferred financing costs and amortization of above/below-market lease intangibles) and after adjustments for unconsolidated joint ventures. Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization, gains and losses from property dispositions, other than temporary impairments of unconsolidated real estate entities, and impairment on our investment in real estate, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that, as a widely recognized measure of performance used by other REITs, FFO may be used by investors as a basis to compare our operating performance with that of other REITs. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effects and could materially impact our results from operations, the utility of FFO as a measure of our performance is limited. Other equity REITs may not calculate or interpret FFO in accordance with the NAREIT definition as we do, and, accordingly, our FFO may not be comparable to such other REITs' FFO. FFO should not be used as a measure of our liquidity and is not indicative of funds available for our cash needs, including our ability to pay dividends. FFO should be considered only as a supplement to net income or loss computed in accordance with GAAP as a measure of our performance. A reconciliation of net income or loss, the nearest GAAP equivalent, to FFO is set forth below in the Financial Statements and Reconciliations section. "Company Share of FFO" reflects FFO attributable to common stockholders, which excludes amounts allocable to noncontrolling interests, participating securities and preferred stockholders.

Core Funds from Operations (Core FFO): We calculate Core FFO by adjusting FFO for non-comparable items outlined in the "Reconciliation of Net Income (Loss) to Funds From Operations and Core Funds From Operations" table, which is located in the Financial Statements and Reconciliations section below. We believe that Core FFO is a useful supplemental measure and that by adjusting for items that are not considered by the Company to be part of its on-going operating performance, provides a more meaningful and consistent comparison of the Company's operating and financial performance period-over-period. Because these adjustments have a real economic impact on our financial condition and results from operations, the utility of Core FFO as a measure of our performance is limited. Other REITs may not calculate Core FFO in a consistent manner. Accordingly, our Core FFO may not be comparable to other REITs' Core FFO. Core FFO should be considered only as a supplement to net income or loss computed in accordance with GAAP as a measure of our performance. "Company Share of Core FFO" reflects Core FFO attributable to common stockholders, which excludes amounts allocable to noncontrolling interests, participating securities and preferred stockholders.

Reconciliation of Net Loss Attributable to Common Stockholders per Diluted Share Guidance to Company Share of Core FFO per Diluted Share Guidance: The following is a reconciliation of the Company's 2026 guidance range of net loss attributable to common stockholders per diluted share, the most directly comparable forward-looking GAAP financial measure, to Company share of Core FFO per diluted share.

2026 Estimate

Low

High

Net loss attributable to common stockholders

$                 (1.55)

$                 (1.52)

Company share of depreciation and amortization

1.24

1.24

Company share of impairment of real estate

3.04

3.04

Company share of gains on sale of real estate

(0.31)

(0.31)

Company share of FFO

$                  2.42

$                  2.45

Core FFO adjustments(1)

(0.01)

(0.01)

Company share of Core FFO

$                  2.41

$                  2.44

(1)

Core FFO adjustments consist of (i) Co-CEO transition costs, (ii) severance costs, (iii) other nonrecurring expenses, (iv) write-offs of below-market lease intangibles related to unexercised renewal options, (v) debt extinguishment and modification expenses, (vi) gain on termination of interest rate swaps, and (vii) non-capitalizable demolition costs.

Net Operating Income (NOI): NOI is a non-GAAP measure, which includes the revenue and expense directly attributable to our real estate properties. NOI is calculated as rental income from real estate operations less property expenses (before interest expense, depreciation and amortization). We use NOI as a supplemental performance measure because, in excluding real estate depreciation and amortization expense, gains (or losses) from property dispositions, impairment losses of depreciable operating property and other non-operating items, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that NOI will be useful to investors as a basis to compare our operating performance with that of other REITs. However, because NOI excludes depreciation and amortization expense and captures neither the changes in the value of our properties that result from use or market conditions, nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties (all of which have a real economic effect and could materially impact our results from operations), the utility of NOI as a measure of our performance is limited. Other equity REITs may not calculate NOI in a similar manner and, accordingly, our NOI may not be comparable to such other REITs' NOI. Accordingly, NOI should be considered only as a supplement to net income or loss as a measure of our performance. NOI should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs.

NOI should not be used as a substitute for cash flow from operating activities in accordance with GAAP. We use NOI to help evaluate the performance of the Company as a whole, as well as the performance of our Same Property Portfolio. A calculation of NOI for our Same Property Portfolio, as well as a reconciliation of net income or loss to NOI for our Same Property Portfolio, is set forth below in the Financial Statements and Reconciliations section.

Cash NOI: Cash NOI is a non-GAAP measure, which we calculate by adding or subtracting from NOI: (i) amortization of above/(below) market lease intangibles and amortization of other deferred rent resulting from sale leaseback transactions with below market leaseback payments and (ii) straight-line rent adjustments. We use Cash NOI, together with NOI, as a supplemental performance measure. Cash NOI should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs. Cash NOI should not be used as a substitute for cash flow from operating activities computed in accordance with GAAP. We use Cash NOI to help evaluate the performance of the Company as a whole, as well as the performance of our Same Property Portfolio. A calculation of Cash NOI for our Same Property Portfolio, as well as a reconciliation of net income or loss to Cash NOI for our Same Property Portfolio, is set forth below in the Financial Statements and Reconciliations section.

Same Property Portfolio: Our 2026 Same Property Portfolio is a subset of our total portfolio and includes properties that were wholly owned by us for the period from January 1, 2025 through September 30, 2026, and excludes (i) properties that were acquired or sold during the period from January 1, 2025 through September 30, 2026, and (ii) properties acquired prior to January 1, 2025 that were classified as repositioning/development (current and future) or lease-up during 2025 and 2026 and select buildings in other repositioning, which we believe will significantly affect the properties' results during the comparative periods. As of September 30, 2026, our 2026 Same Property Portfolio consisted of buildings aggregating 36.8 million rentable square feet at 316 of our properties.

Properties and Space Under Repositioning: Typically defined as properties or units where a significant amount of space is held vacant in order to implement capital improvements that improve the functionality (not including basic refurbishments, i.e., paint and carpet), cash flow and value of that space. A repositioning is generally considered complete once the investment is fully or nearly fully deployed and the property is available for occupancy.

Properties Under Development: Typically defined as properties where we plan to fully or partially demolish an existing building(s) due to building obsolescence and/or a property with excess or vacant land where we plan to construct a ground-up building.

Stabilization Date — Repositioning/Development Properties: We consider a repositioning/development property to be stabilized at the earlier of the following: (i) upon rent commencement and achieving 90% occupancy or (ii) one year from the date of completion of repositioning/development construction work.

Net Debt to Enterprise Value: As of September 30, 2026, we had consolidated indebtedness of $2.8 billion, reflecting a net debt to enterprise value of approximately 22.2%. Our enterprise value is defined as the sum of the liquidation preference of our outstanding preferred stock and preferred units plus the market value of our common stock excluding shares of nonvested restricted stock, plus the aggregate value of common units not owned by us, plus the value of our net debt. Our Net Debt is defined as our consolidated indebtedness less cash and cash equivalents.

Net Debt to Adjusted EBITDAre: Calculated as Net Debt divided by annualized Adjusted EBITDAre. We calculate Adjusted EBITDAre as net income or loss (computed in accordance with GAAP), before interest expense, tax expense, depreciation and amortization, gains (or losses) from sales of depreciable operating property, impairment losses of depreciable property, non-cash stock-based compensation expense, write-offs of below market lease intangibles related to unexercised renewal options, gains (or losses) on debt extinguishment and debt modification expenses, acquisition expenses, non-capitalizable demolition costs and the pro-forma effects of dispositions and other nonrecurring expenses. We believe that Adjusted EBITDAre is helpful to investors as a supplemental measure of our operating performance as a real estate company because it is a direct measure of the actual operating results of our industrial properties. We also use this measure in ratios to compare our performance to that of our industry peers. In addition, we believe Adjusted EBITDAre is frequently used by securities analysts, investors and other interested parties in the evaluation of Equity REITs. However, because Adjusted EBITDAre is calculated before recurring cash charges including interest expense and income taxes, and is not adjusted for capital expenditures or other recurring cash requirements of our business, its utility as a measure of our liquidity is limited. Accordingly, Adjusted EBITDAre should not be considered an alternative to cash flow from operating activities (as computed in accordance with GAAP) as a measure of our liquidity. Adjusted EBITDAre should not be considered as an alternative to net income or loss as an indicator of our operating performance. Other Equity REITs may calculate Adjusted EBITDAre differently than we do; accordingly, our Adjusted EBITDAre may not be comparable to such other Equity REITs' Adjusted EBITDAre. Adjusted EBITDAre should be considered only as a supplement to net income or loss (as computed in accordance with GAAP) as a measure of our performance. A reconciliation of net income or loss, the nearest GAAP equivalent, to Adjusted EBITDAre is set forth below in the Financial Statements and Reconciliations section.

Contact

Doug Bettisworth
SVP, Investor Relations and Capital Markets
(310) 943-7157
[email protected]

Financial Statements and Reconciliations

Rexford Industrial Realty, Inc.

Consolidated Balance Sheets

(In thousands except share data)

September 30, 2026

December 31, 2025

(unaudited)

ASSETS

Land

$              6,326,663

$              7,689,921

Buildings and improvements

4,109,826

4,677,318

Tenant improvements

211,910

198,161

Furniture, fixtures, and equipment

132

132

Construction in progress

312,737

451,109

Total real estate held for investment

10,961,268

13,016,641

Accumulated depreciation

(1,197,110)

(1,165,792)

Investments in real estate, net

9,764,158

11,850,849

Cash and cash equivalents

423,590

165,778

Loan receivable, net

124,049

123,704

Rents and other receivables, net

15,540

13,958

Deferred rent receivable, net

206,632

190,376

Deferred leasing costs, net

98,587

87,745

Deferred loan costs, net

5,372

6,886

Acquired lease intangible assets, net

94,937

140,627

Acquired indefinite-lived intangible asset

5,156

5,156

Interest rate swap assets

16,985

2,025

Other assets

31,841

25,609

Total Assets

$            10,786,847

$            12,612,713

LIABILITIES & EQUITY

Liabilities

Notes payable

$              2,767,195

$              3,251,909

Interest rate swap liability

—

829

Accounts payable, accrued expenses and other liabilities

137,943

120,849

Dividends and distributions payable

97,407

103,399

Acquired lease intangible liabilities, net

101,565

116,487

Tenant security deposits

89,204

92,444

Tenant prepaid rents

78,248

88,777

Total Liabilities

3,271,562

3,774,694

Equity

Rexford Industrial Realty, Inc. stockholders' equity

Preferred stock, $0.01 par value per share, 10,050,000 shares authorized:

5.875% series B cumulative redeemable preferred stock, 3,000,000 shares
outstanding at September 30, 2026 and December 31, 2025 ($75,000
liquidation preference)

72,443

72,443

5.625% series C cumulative redeemable preferred stock, 3,450,000 shares
outstanding at September 30, 2026 and December 31, 2025 ($86,250
liquidation preference)

83,233

83,233

Common Stock,$0.01 par value per share, 489,950,000 authorized and
214,864,041 and 231,580,135 shares outstanding at September 30, 2026
and December 31, 2025, respectively

2,149

2,316

Additional paid in capital

8,326,486

8,945,123

Cumulative distributions in excess of earnings

(1,333,548)

(642,130)

Accumulated other comprehensive income (loss)

14,978

(422)

Total stockholders' equity

7,165,741

8,460,563

Noncontrolling interests

349,544

377,456

Total Equity

7,515,285

8,838,019

Total Liabilities and Equity

$            10,786,847

$            12,612,713

Rexford Industrial Realty, Inc.

Consolidated Statements of Operations

(Unaudited and in thousands, except per share data)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

REVENUES

Rental income

$       235,837

$       246,757

$       720,974

$       737,146

Management and leasing services

—

118

—

392

Interest income

3,266

6,367

8,713

17,498

TOTAL REVENUES

239,103

253,242

729,687

755,036

OPERATING EXPENSES

Property expenses

56,996

57,879

169,973

168,438

General and administrative

13,431

20,037

42,049

59,657

Depreciation and amortization

74,440

81,172

220,852

239,100

TOTAL OPERATING EXPENSES

144,867

159,088

432,874

467,195

OTHER (EXPENSES) INCOME

Other income

—

—

4,850

—

Other expenses, net

(2,561)

(4,218)

(662)

(6,701)

Interest expense

(24,785)

(25,463)

(79,956)

(79,452)

Impairment of real estate

(71,834)

—

(703,412)

—

Debt extinguishment and modification expenses

(194)

—

(194)

(291)

Gains on sale of real estate

23,208

28,583

71,382

86,101

TOTAL OTHER (EXPENSES) INCOME

(76,166)

(1,098)

(707,992)

(343)

NET INCOME (LOSS)

18,070

93,056

(411,179)

287,498

Less: net (income) loss attributable to noncontrolling interests

(685)

(3,137)

15,605

(10,046)

NET INCOME (LOSS) ATTRIBUTABLE TO REXFORD INDUSTRIAL
REALTY, INC.

17,385

89,919

(395,574)

277,452

Less: preferred stock dividends

(2,314)

(2,314)

(6,943)

(6,943)

Less: earnings attributable to participating securities

(430)

(519)

(1,879)

(1,650)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS

$         14,641

$         87,086

$      (404,396)

$       268,859

Net income (loss) attributable to common stockholders per share – 
basic and diluted

$             0.07

$             0.37

$            (1.80)

$             1.16

Weighted-average shares of common stock outstanding –
basic and diluted

220,510

234,587

224,183

232,720

Rexford Industrial Realty, Inc.

Same Property Portfolio Occupancy and NOI and Cash NOI

(Unaudited, dollars in thousands)

Same Property Portfolio Occupancy

September 30,

2026

2025

Change (basis points)

Quarterly Weighted Average Occupancy:(1)

Los Angeles County

96.4 %

95.4 %

100 bps

Orange County

96.3 %

97.5 %

(120) bps

Riverside / San Bernardino County

92.3 %

96.7 %

(440) bps

San Diego County

97.9 %

98.3 %

(40) bps

Ventura County

94.6 %

94.2 %

40 bps

Same Property Portfolio Weighted Average Occupancy

95.6 %

96.0 %

(40) bps

Ending Occupancy:

96.9 %

97.1 %

(20) bps

(1)

Calculated by averaging the occupancy rate at the end of each month in 3Q-2026 and June 2026 (for 3Q-2026) and the end of each month in 3Q-2025 and June 2025 (for 3Q-2025).

Same Property Portfolio NOI and Cash NOI

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

$ Change

% Change

2026

2025

$ Change

% Change

Rental income(1)

$ 186,367

$ 189,391

$  (3,024)

(1.6) %

$ 559,076

$ 556,112

$  2,964

0.5 %

Property expenses

42,189

41,348

841

2.0 %

122,823

119,594

3,229

2.7 %

Same Property Portfolio NOI

$ 144,178

$ 148,043

$  (3,865)

(2.6) %

$ 436,253

$ 436,518

$   (265)

(0.1) %

Straight line rental revenue adjustment

(3,976)

(5,462)

1,486

(27.2) %

(17,476)

(18,834)

1,358

(7.2) %

Above/(below) market lease revenue adjustments(1)

(3,607)

(4,440)

833

(18.8) %

(11,586)

(14,266)

2,680

(18.8) %

Same Property Portfolio Cash NOI

$ 136,595

$ 138,141

$  (1,546)

(1.1) %

$ 407,191

$ 403,418

$  3,773

0.9 %

(1)

Same Property Portfolio rental income and above/(below) market lease revenue adjustments for the nine months ended September 30, 2026 exclude $497 of income recognized from the write-off of a below-market lease intangibles attributable to below-market fixed rate renewal options that were not exercised upon expiration of the initial lease term.

Rexford Industrial Realty, Inc.

Reconciliation of Net Income (Loss) to NOI, Cash NOI, Same Property Portfolio NOI and

Same Property Portfolio Cash NOI

(Unaudited and in thousands)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Net income (loss)

$        18,070

$        93,056

$     (411,179)

$       287,498

General and administrative

13,431

20,037

42,049

59,657

Depreciation and amortization

74,440

81,172

220,852

239,100

Other expenses, net

2,561

4,218

662

6,701

Interest expense

24,785

25,463

79,956

79,452

Debt extinguishment and modification expenses

194

—

194

291

Management and leasing services

—

(118)

—

(392)

Other income

—

—

(4,850)

—

Interest income

(3,266)

(6,367)

(8,713)

(17,498)

Impairment of real estate

71,834

—

703,412

—

Gains on sale of real estate

(23,208)

(28,583)

(71,382)

(86,101)

Net operating income (NOI)

$       178,841

$       188,878

$       551,001

$       568,708

Straight line rental revenue adjustment

(6,000)

(8,164)

(31,103)

(20,599)

Above/(below) market lease revenue adjustments

(3,438)

(5,254)

(11,890)

(20,228)

Cash NOI

$       169,403

$       175,460

$       508,008

$       527,881

NOI

$       178,841

$       188,878

$       551,001

$       568,708

Non-Same Property Portfolio rental income

(49,470)

(57,366)

(161,898)

(181,034)

Non-Same Property Portfolio property expenses

14,807

16,531

47,150

48,844

Same Property Portfolio NOI

$       144,178

$       148,043

$       436,253

$       436,518

Straight line rental revenue adjustment

(3,976)

(5,462)

(17,476)

(18,834)

Above/(below) market lease revenue adjustments

(3,607)

(4,440)

(11,586)

(14,266)

Same Property Portfolio Cash NOI

$       136,595

$       138,141

$       407,191

$       403,418

Rexford Industrial Realty, Inc.

Reconciliation of Net Income (Loss) to Funds From Operations and Core Funds From Operations

(Unaudited and in thousands, except per share data)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2026

2025

2026

2025

Net income (loss)

$       18,070

$       93,056

$    (411,179)

$     287,498

Adjustments:

Depreciation and amortization

74,440

81,172

220,852

239,100

Impairment of real estate(1)

71,834

—

703,412

—

Gains on sale of real estate

(23,208)

(28,583)

(71,382)

(86,101)

Funds From Operations (FFO)

$     141,136

$     145,645

$     441,703

$     440,497

Less: preferred stock dividends

(2,314)

(2,314)

(6,943)

(6,943)

Less: FFO attributable to noncontrolling interests(2)

(5,358)

(4,906)

(16,366)

(15,262)

Less: FFO attributable to participating securities(3)

(610)

(713)

(2,724)

(2,191)

Company share of FFO

$     132,854

$     137,712

$     415,670

$     416,101

Company Share of FFO per common share – basic

$           0.60

$           0.59

$           1.85

$           1.79

Company Share of FFO per common share – diluted

$           0.60

$           0.59

$           1.85

$           1.79

FFO

$     141,136

$     145,645

$     441,703

$     440,497

Adjustments:

Acquisition expenses(4)

—

161

—

263

Debt extinguishment and modification expenses

194

—

194

291

Gain on termination of interest rate swaps

(2,874)

—

(2,874)

—

Non-capitalizable demolition costs(4)

1,309

—

1,309

365

Co-CEO transition costs(4)(5)

528

—

(1,802)

—

Severance costs(4)(6)

680

2,728

949

4,410

Other nonrecurring expenses(4)(7)

—

1,259

107

1,259

Write-offs of below-market lease intangibles related to
unexercised renewal options(8)

—

—

(497)

—

Core FFO

$     140,973

$     149,793

$     439,089

$     447,085

Less: preferred stock dividends

(2,314)

(2,314)

(6,943)

(6,943)

Less: Core FFO attributable to noncontrolling interest(2)

(5,351)

(5,045)

(16,266)

(15,485)

Less: Core FFO attributable to participating securities(3)

(610)

(734)

(2,022)

(2,225)

Company share of Core FFO

$     132,698

$     141,700

$     413,858

$     422,432

Company share of Core FFO per common share – basic and diluted

$           0.60

$           0.60

$           1.85

$           1.82

Weighted-average shares of common stock outstanding – basic and diluted

220,510

234,587

224,183

232,720

(1)

Primarily reflects non-cash impairment charges on certain properties due to shortened expected holding periods associated with increased disposition guidance.

(2)

Noncontrolling interests relate to interests in the Company's operating partnership ("OP"), represented by common & preferred units of partnership interests in the OP that are owned by unit holders other than the Company.

(3)

Participating securities include unvested shares of restricted stock, unvested LTIP units and unvested performance units.

(4)

Amounts are included in the line item "Other expenses, net" in the consolidated statements of operations.

(5)

For the three months and nine months ended September 30, 2026, reflects an increase and a decrease, respectively, in share-based compensation expenses related to updated estimates of Core FFO growth achievement for certain performance awards held by former Co-CEOs. The nine-month decrease was partially offset by $557 of employer payroll taxes associated with the vesting of transition-related restricted stock awards.

(6)

Includes costs associated with workforce reduction and workforce reorganization.

(7)

Reflects nonrecurring advisory service costs.

(8)

Reflects the write-off of the portion of a below-market lease intangible attributable to below-market fixed rate renewal options that were not exercised upon expiration of the initial lease term.

Rexford Industrial Realty, Inc.

Reconciliation of Net Income to Adjusted EBITDAre

(Unaudited and in thousands)

Three Months Ended
September 30, 2026

Net Income

$                        18,070

Interest expense

24,785

Depreciation and amortization

74,440

Impairment of real estate

71,834

Gains on sale of real estate

(23,208)

EBITDAre

$                      165,921

Stock-based compensation amortization

4,106

Debt extinguishment and modification expenses

194

Co-CEO transition costs

528

Non-capitalizable demolition costs

1,309

Pro forma effect of dispositions(1)

(15,234)

Adjusted EBITDAre

$                      156,824

(1)

Represents the impact on third quarter 2026 EBITDAre of properties disposed of during the quarter as if such dispositions had occurred on July 1, 2026.

SOURCE Rexford Industrial Realty, Inc.
2026-10-22 20:22 7d ago
2026-10-22 16:03 7d ago
Apple zahajuje prodej skládacího iPhonu Duo
AAPL Apple
FMP Stock News 95
Original source text
For nearly two decades Apple (AAPL.O) has made only small changes to the iPhone, its money machine. That changes ​on Friday when Apple starts selling its first folding phone, iPhone Duo, betting that the device can do for the small ‌foldables market what the iPhone did for smartphones.

Its reception could prove an early test for new Apple CEO John Ternus, the former hardware chief who unveiled iPhone Duo barely a week after taking charge in September.

It could also have large implications for a niche category in which rivals such as Samsung Electronics (005930.KS) and Huawei Technologies have sold premium offerings ​for years.

Within minutes of pre-orders opening last Friday, Apple's estimated delivery dates for the Duo had slipped to late January as demand outpaced ​supply. The company called the response from customers "nothing short of extraordinary."

MIXED REVIEWS
Early reviews have praised the $1,999 Duo's premium design ⁠as well as its sturdy and barely visible hinge, a major feat for the phones whose prominent creased screen has long been a major drawback ​and potential deterrent to buyers.

But reviewers have also said that camera compromises including the absence of a telephoto lens and third-party apps that still need to ​be reworked for the new display size could disappoint some buyers. They have noted that iPhone Duo in its smaller, folded state is less handy for the litany of quick tasks that most users carry out each day on standard iPhones, leading several prominent reviewers to recommend against the Duo for many Apple customers.

"It's been a lot of fun ​trying the Duo out for a week, but it feels like I've gotten to use an extraordinarily polished prototype — not a finished product that I'd want ​to buy and carry," longtime Apple commentator John Gruber, the author of the blog Daring Fireball, wrote in a review.

Tech commentator Marques Brownlee, popularly known as MKBHD, said ‌in a ⁠YouTube review that "if you're just a regular person who doesn't do much more than texting, social media and browsing here and there, then it is probably a no. But if the $2,000 doesn't mean much to you, and you like the idea, after the learning curve and getting used to not having facial identification, it is a really fun phone."

TOUGH TO FIND
The limited supplies could disappoint Apple fans lining up in front of stores to buy the Duo. Apple ​told Reuters that walk-in availability would vary ​by country, with limited stocks ⁠in the US, Australia, Canada, Mexico and much of Britain and Europe. In China, France, Hong Kong, India and Japan, units would be available only for customers who had ordered online.

In the China-governed territory of Macau, where the iPhone ​Duo will be available for walk-in customers only, fans already started lining up hours in advance, social media ​posts and media reports ⁠showed.

"Foldables have been an established category for years, but adoption has remained relatively limited compared with conventional smartphones. Apple's entry could bring the format to a much broader audience," said Francisco Jeronimo, vice president at market research firm IDC.

IDC expects Apple will take 44% of the foldable value in 2026 on 31% of foldable ⁠units. By ​2027, it will become the market leader in the category both in value and units ​shipped, according to the firm.

"Apple has made a convincing case for this form factor," Jeronimo said after spending a week with the Duo.

"Now comes the next test: turning excitement into availability, adoption ​and a lasting new chapter for the smartphone market," Jeronimo added.
2026-10-22 20:21 7d ago
2026-10-22 14:30 7d ago
Pětileté CDS společnosti Meta vzrostly na rekordní úroveň
FB Meta Platforms
FMP Stock News 94
Original source text
The cost of insuring Meta Platforms Inc. (NASDAQ:META) debt against default rose to a record Thursday as investors weighed the Facebook parent’s growing AI spending plans.

Meta’s five-year credit default swaps rose 7.6 basis points to a record 114.79 basis points, according to Markit data cited by Reuters. 

The swaps work much like insurance on corporate debt, and a higher price means investors are paying more to protect against a default.

META stock is tanking. See the real-time price action here. 55 Billion in BondsMeta has sold $55 billion of bonds in the past year. It raised $30 billion in October 2025, its largest bond offering, and $25 billion more in April 2026.

On Wednesday, the company raised the low end of its 2026 capital spending forecast to $135 billion and kept the high end at $145 billion. 

Free cash flow was negative $2.12 billion in the third quarter, marking Meta’s first quarterly shortfall since 2012.

Meta also announced a new class of nonvoting Class C stock. According to Reuters, the company’s long-range forecasts call for raising hundreds of billions of dollars over several years to pay for its AI plans.

Cash CushionMeta is not close to default. It had $82.45 billion in cash and marketable securities as of Sept. 30, and third-quarter revenue rose 26% to $64.60 billion. 

Investors still want proof the spending will pay off.

"The market has been questioning whether all the spending on AI is having the type of returns that the market originally expected," Steve Sosnick, chief market analyst at Interactive Brokers, told Reuters. 

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang told CNBC on Thursday that capital is tight across the AI industry. "The demand [for] the capital is much greater than the availability of the capital," he said.

Swaps on Oracle Corp. (NYSE:ORCL) also traded near a record, and those tied to Amazon.com Inc. (NASDAQ:AMZN) held near their highest level since March 2020, according to S&P Global Market Intelligence data cited by Reuters.

META Stock Price Activity: Meta Platforms shares are trading lower by 7.40% at $645.92 at the time of publication on Thursday, according to Benzinga Pro data.

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2026-10-22 20:21 7d ago
2026-10-22 15:01 7d ago
Tržby divize Family of Apps společnosti Meta vzrostly o 28 %
FB Meta Platforms
FMP Stock News 82
Original source text
Key Takeaways Rapid Muse growth proves premium monetizable engagement.Post-earnings test of the 10-week MA offers an attractive entry.With a 23x P/E, Meta is fundamentally undervalued. Early Meta Muse Data is Extremely Bullish“Muse,” Meta Platform’s ((META - Free Report) ) agentic AI offering, debuted in early September. In just over a month, Muse shot to the top of the Apple App Store rankings and became the fastest-growing consumer app in history outside OpenAI’s ChatGPT. Beyond the rapid user growth, the latest data from Meta’s earnings call revealed that each customer is more valuable than a typical AI customer. CEO Mark Zuckerberg explained:

"The most common use case for Muse is shopping. With more than a quarter of people who are using Muse engaging in this with an average purchase size of over $200, Plaid told us that they hadn't seen activity like they're seeing with their connector on any other service before. And in the first week, we had to work with Stripe to raise credit limits since the volumes were above what any of us expected. Beyond shopping, the most common connectors are for personal productivity and connecting Muse to your other services like email and calendar."

In other words, Muse users are premium, making it easier for Meta to monetize in the future.

Meta Retreats to the 10-week Moving AverageMost amateur investors focus too much on short term time frames and suffer from recency bias from the latest price movements. Conversely, seasoned investors understand the value of analyzing higher time-frame charts (like weekly charts) to filter out the noise and size up the overall trend.

Although Meta dropped ~5% Thursday after its earnings, the overall price trend remains firmly higher. From late July to late September, Meta shares ripped from ~$524 to $780 in a straight line. Before earnings, shares digested the move and traded sideways. However, after earnings, Meta shares tagged the 10-week moving average for the first time since the breakout. Historically, such pullbacks are high-probability buy-the-dip opportunities for investors.

Image Source: TradingView

Meta is Extremely CheapWith a P/E ratio of just 23x, Meta is the cheapest “Mag 7” name.

Image Source: Zacks Investment Research

Meta’s Top-Line Growth is Robust Zacks Consensus Estimates suggest that Meta’s revenues will grow at 20% or more through next year. Considering the robust double-digit growth and reasonable valuation, Meta is sure to attract growth-at-a-reasonable price (GARP) investors.

Image Source: Zacks Investment Research

AI Impact on Ad RevenuesWhile Muse garners the most attention for Meta’s AI efforts, its in-house AI optimization efforts are bearing fruit. In Q2, Family of Apps revenue rose 28% year over year to $60.4 billion as ad impressions increased 14% and average price per ad increased 12%.

Bottom Line

Early data confirms rapid adoption and strong monetization potential for its Muse AI platform. Meta Platforms continues to prove its leadership in agentic AI. Combined with robust top-line growth, double-digit gains in digital advertising revenue, and a highly attractive GARP valuation of just 23x earnings, the recent post-earnings dip to the 10-week moving average presents a compelling, high-probability entry point for long-term investors.
2026-10-22 20:21 7d ago
2026-10-22 15:50 7d ago
Google zaplatí SpaceX 11 miliard USD ročně za GPU
GOOGL Alphabet
FMP Stock News 85
Original source text
Alphabet's (GOOG -3.08%) (GOOGL -3.15%) Google is one of the world's largest cloud infrastructure companies, yet it just started paying SpaceX (SPCX -9.14%) $920 million per month -- or $11 billion per year -- to lease xAI's cloud infrastructure through 2029. Let's see why Google is renting that cloud compute from SpaceX rather than building more data centers -- and how that unusual deal could expose it to some unpredictable concentration risks in the future.

Why does Google need SpaceX's data centers? Google controlled 15% of the global cloud infrastructure market in the second quarter of 2026, according to Synergy Research Group, putting it in third place after Amazon (AMZN -4.57%) Web Services (AWS) (28%) and Microsoft (MSFT -2.23%) Azure (20%).

Image source: Getty Images.

From 2021 to 2025, Google Cloud's annual revenue more than tripled from $19.2 billion to $58.7 billion as the cloud and AI markets expanded, and Google seems like a great vertically integrated play on those secular trends. The tech titan builds its own data centers, produces its own custom AI chips, and hosts a broad range of market-leading cloud-based services and apps. It also ties all of those pieces together with Gemini and its other AI models.

But over the past few years, Google couldn't expand that infrastructure fast enough to keep pace with the AI market's explosive growth. It produced enough of its custom tensor processing units (TPUs) for its own first-party cloud services, but most of its customers needed access to Nvidia's (NVDA -4.40%) graphics processing units (GPUs), which are better suited for training other AI models. Most of the top AI companies -- including OpenAI, Anthropic, and Meta Platforms -- use Nvidia's data center GPUs to process their AI tasks.

Nvidia controls over 80% of the data center AI chip market, and it locks in those customers with its proprietary software and services. A large portion of Google's servers already run on Nvidia's GPUs, but it doesn't have nearly enough chips to satisfy the market's demand for Nvidia-powered cloud computing services. To fill that gap, Google is willing to pay SpaceX $11 billion per year for continuous access to a cluster of roughly 110,000 GPUs.

GOOGL Alphabet$324.22-$10.54 (-3.15%)

NASDAQ · As of 4:00 PM ET 10/22/26

Is that a smart long-term decision? Google's deal with SpaceX instantly resolves a major bottleneck for its cloud infrastructure business. But if it had simply bought those 110,000 chips from Nvidia at $30,000-$40,000 apiece, it would have spent only $3.3 billion to $4.4 billion.

However, it would also have had to secure enough power to run those GPUs -- and it can take three to five years to set up new grid connections for data centers. Google would also need to pay massive energy and labor expenses to continuously operate those centers, and the value of its existing GPUs would depreciate as soon as Nvidia launches newer chips.

Moreover, it could take a long time for Nvidia -- which is still selling chips faster than it can produce them -- to actually fulfill that massive order. Instead of dealing with all of that, it makes more sense for Google to just pay $11 billion (less than 2% of its projected 2027 revenue) to instantly increase its cloud computing power and keep pace with Amazon and Microsoft. Paying SpaceX, in which Alphabet owns a 4%-5% stake, also makes more sense than paying a direct competitor in which the company doesn't own any equity.

But over the long term, this deal could expose Google to some major concentration risks. By paying SpaceX billions of dollars per year, it's essentially funding xAI's transformation into a future cloud infrastructure competitor in the generative AI market.

Google's deal with SpaceX further reinforces Nvidia's dominance of the data center market, rather than challenging it with its own TPUs. Moreover, that massive cluster is located at xAI's centralized facilities -- including its Colossus mega-clusters in Tennessee -- so any power failures or disruptions could impact a large portion of its cloud-based tenants.

For now, investors shouldn't fret too much over Google's deal with SpaceX, since it's a win-win situation for both companies. But it also exposes the limitations of Google's cloud infrastructure, as well as some future catalysts for xAI's growing cloud computing business.
2026-10-22 20:21 7d ago
2026-10-22 13:30 8d ago
Amazon usnadňuje provoz modelů PyTorch na Trainium
AMZN Amazon
FMP Stock News 88
Original source text
E-commerce and cloud giant Amazon AMZN released new software to simplify adoption of its Trainium AI chips, while shares traded at $252.31, down 3.83%, at 11:55 a.m. ET Thursday. The pitch is straightforward: make switching easier, then turn that convenience into paying workloads. The valuation chart puts the stock just 0.11% above its $252.04 GF Value estimate, suggesting little discount against that benchmark despite the decline.

AWS Neuron 2.33 brings TorchNeuron into public beta, letting developers run standard PyTorch models on Trainium2 and Trainium3. It also introduces Neuron Observer, designed to flag chip health problems in under a second. According to Reuters, an Amazon chip executive said more than 30 early customers were already using TorchNeuron. That gives Amazon an initial adoption base. Sustained commercial use is the next test.

The financial opportunity goes beyond selling more computing capacity. Easier migration could help Amazon steer more AI spending toward its own chips and capture more of the economics. Reuters reported that AWS second-quarter revenue climbed 37% to $42.2 billion, giving the software push a substantial business to build on. Now Amazon needs those easier first steps to translate into recurring workloads, stronger utilization and profitable growth.
2026-10-22 20:20 7d ago
2026-10-22 14:43 7d ago
Microsoft MAI-DxO překonal lékaře v diagnostice složitých případů
MSFT Microsoft
FMP Stock News 94
Original source text
Microsoft’s AI diagnostic system correctly diagnosed complex medical cases in a simulation more than twice as often as generalist physicians, according to a study published Thursday in Science. Mustafa Suleyman, Microsoft AI’s CEO, called the result a step toward “medical superintelligence.”

The system, dubbed MAI-DxO (DxO for short), coordinates several AI agents that act like a panel of doctors. They question a patient, order tests, and debate a diagnosis.

In a simulation using complex cases from the New England Journal of Medicine, it was correct 83% of the time. Primary care doctors and general internists, working individually with reference materials, were correct 36% of the time. One note: Cases this complex are usually handled by specialists or physician teams, who weren’t part of the comparison.

“There is something very substantial and exciting here,” Dominic King, vice president of Health at Microsoft AI, told TechCrunch. “The biggest challenge in healthcare delivery at the moment is the growing mismatch between demand and supply of medical expertise.”

In publishing these results, Microsoft joins Google and OpenAI in claiming that its AI can match or outperform doctors.

The study’s own data suggests that much of the improvement comes from more powerful underlying AI models, with Microsoft’s orchestration system adding gains on top.

Microsoft tested MAI-DxO with models from several companies, including OpenAI, Google, Anthropic, Meta, and DeepSeek, but its best results came with OpenAI’s GPT-5 and GPT-5.5. 

Accuracy improvements delivered by DxO (no budget constraints) on CPC over models
prompted with baseline prompt across different large language models.Image Credits:Microsoft AI
Microsoft measured DxO on cost as well as accuracy, meaning the estimated cost of running the AI on each case. On its own with a short, basic prompt, GPT-5 scored 78.9% on complex cases at about $8,400 per case. DxO cut that cost by about $3,000 but raised accuracy by only about four points. On emergency department cases, there was little improvement in either accuracy or cost improvement between GPT-5 on its own and with the assist from DxO.

With GPT-5.5, a newer model released in April 2026, the results split. On complex cases, DxO increased GPT-5.5’s accuracy score from 72% to nearly 87% at a slightly cheaper cost. However, the gains once again didn’t show up on emergency department cases. Both (with and without DxO) scored about 85% at a similar cost. 

DxO helps most on complex cases and with less capable AI models. Gemini 2.5 Flash, for example, scored 46.4% on its own but nearly 69% with DxO. Even so, the gap between the weaker and stronger models was larger than the boost DxO provided.

Microsoft’s researchers said that accuracy gains naturally shrink as models approach the theoretical maximum. “The DxO orchestration helps with the broader challenge of optimization both accuracy and cost,” a spokesperson added.

Suleyman, who leads Microsoft’s effort to build its own frontier AI, told TechCrunch that the company is working with the Mayo Clinic to train a foundation model for healthcare, with release planned for next year. He believes this model will enable the company to “make really enormous leaps here,” and says DxO is part of the foundational infrastructure Microsoft is building to see real breakthroughs in healthcare. 

“I really believe that in 2027, we will be on the verge of a coding style breakthrough for medical records,” Suleyman said. “I think we’re going to be able to stream highly accurate predictions about how a medical record might unfold, and obviously that kind of foresight for a clinician is gold dust.”

Suleyman has spent his career trying to use AI to solve medical issues. He was previously a co-founder of DeepMind, which was acquired by Google in 2014. The following year, Google DeepMind acquired King’s startup Hark, a clinical task management app, and the two of them launched DeepMind Health together. Suleyman joined Microsoft to lead its AI unit in 2024, and King followed a few months later.

“We’re just true believers,” Suleyman said.

He said while the use of generative AI in healthcare is still early, he expects healthcare models to get “an order of magnitude better in capability within the next 24 to 36 months.” 

“As we’ve seen multiple times in the last five or six years, the progress happens very quickly once you have a flywheel,” Suleyman said. “A flywheel means we have a model in production which we are iterating with real-world usage in order to identify gaps in the model and then patch them and improve them. That’s what’s happened in coding. It’s what happened in chat before that. And I think next year it’s going to start to happen for medical records and for clinical decision support.”

Through a new partnership with Beth Israel Deaconess Medical Center in Boston, Microsoft will evaluate the clinical reasoning capabilities of DxO across different hospital settings.

“This technology is ready for real-world evaluations, and you can imagine the complexity and diversity of issues that come from a Boston emergency department on a Friday evening,” King said.

He explained how the study will work: Patients will get standard treatment, including triage, time with a specialist, treatments, investigations, and decision on whether it’s safe to discharge. In parallel, those who consent will also engage with DxO. Microsoft and its partners will compare DxO’s recommendations against the human doctors’. 

Google published a clinical study alongside Beth Israel in The Lancet this month to evaluate Google’s AMIE conversational diagnostic AI in real-world urgent care visits, while human physicians monitored the interactions in real time. 

“We think this will be the biggest study of its kind,” King said. “It will be across not just emergency settings but urgent care environments, and will give us very compelling evidence by the end of the study period around the ability for these systems to be deployed at greater scale in the future.”

Microsoft’s study in Science coincides with a manifesto of sorts around what it will take to build medical superintelligence, defined as “the capacity to surpass the strongest contemporary human-led health systems in medical reasoning and coordination across the full arc of care.” Microsoft hopes to move beyond benchmarking individual tasks — like answering medical exam questions and generating diagnoses — into integrating with clinicians and healthcare systems for better outcomes. 

“This is the kind of technology that everybody in the world wants, and that’s why we’re committed to doing everything we can to accelerate its introduction to the world,” Suleyman said, adding that this focus could be a differentiator for Microsoft compared to the other frontier labs. 

Microsoft already sells dictation and radiology tools to clinicians and sees DxO as an expansion to those efforts. 

“We have to have the absolute number one state-of-the-art medical clinical decision support products over the next few years,” Suleyman said. 

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2026-10-22 20:20 7d ago
2026-10-22 15:18 7d ago
Analytik potvrzuje doporučení Strong Buy pro Nvidia s cílovou cenou 447 USD
NVDA Nvidia
FMP Stock News 85
Original source text
SummaryNvidia Corporation remains a Strong Buy, with a $447 price target (~101% upside), driven by its transformation into the AI economy’s central infrastructure and governance provider.NVDA’s strategic moves—Hugging Face acquisition, BlueField-4 agentic governance, NVLink Fusion, and DSX energy orchestration—solidify its moat and recurring-token-yield economics.By financializing AI GPUs and forming insurance-backed asset classes, NVDA mitigates CapEx risk and secures liquidity from neocloud investments and a $150B buyback.Key NVDA forward risks include insurance market shifts, architectural disruption from competitors, and potential geopolitical fragmentation of AI tech standards. imaginima/E+ via Getty Images

In my last article, I marked a Strong Buy rating on Nvidia Corporation (NVDA) stock. At that time, my point was that Nvidia’s business is shifting into being an "almost" financial AI utility provider. On a forward basis, through

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-10-22 20:20 7d ago
2026-10-22 15:54 7d ago
Nvidia propojuje kvantové počítače s GPU servery
NVDA Nvidia
FMP Stock News 85
Original source text
Nvidia (NVDA -4.61%) isn't the first stock that comes to mind when discussing quantum computing. That's probably because it isn't building a quantum computer or quantum computing chip, nor does it plan to. Given that, you might wonder why it could even be considered a quantum computing investment.

The answer to that is that there's more to quantum computing than the actual computing units, and Nvidia is leaning heavily into the support side, which makes it a pretty good offshoot investment. Combine that with the massive AI build-out tailwind ongoing right now, and you have a recipe for a stock that could have several years' worth of strong growth ahead.

Image source: Getty Images.

Nvidia predicts a hybrid quantum computing environment
Quantum computers perform computations in ways that are fundamentally different from traditional machines. While they have the potential to be incredibly useful in some unusual situations where the math gets so complex that it would take a standard supercomputer years to deliver an answer, quantum computers will never be appropriate tools for most of the tasks we use computers for today. Furthermore, Nvidia and others are betting that quantum computers won't be able to function in isolation; they'll need close support from traditional accelerated computing hardware, such as its GPUs.

To ensure that server clusters built around its processor architectures are used in the hybrid computing approach, Nvidia has launched several supporting products. First, it developed the NVQLink, a high-speed connector that allows quantum computers to interface with classical servers powered by Nvidia's GPUs.

It has also adapted its industry-leading CUDA software platform to include quantum computing functions, which differ significantly from traditional computing functions. This version of the software is appropriately named CUDA-Q, and it's another reason why quantum computing firms may choose Nvidia's hardware to support their quantum computers. Nvidia also developed an AI model called Ising that helps with quantum computing error correction.

NVDA Nvidia$211.74-$10.24 (-4.61%)

NASDAQ · As of 3:55 PM ET 10/22/26

All these new technologies ensure that Nvidia's platform will be used alongside quantum computing hardware when that technology eventually reaches commercial viability. If quantum computing takes longer than expected to get to that point (or even if it never reaches mainstream status), Nvidia's position at the top of the accelerated computing field will remain, and it will continue to make money from the massive AI build-out.

Nvidia expects huge growth on the AI front through 2030, projecting that global annual data center capital expenditures will reach $3 trillion to $4 trillion that year. For reference, Nvidia believes the big five AI hyperscalers will spend nearly $800 billion on data centers in 2026 and $1.3 trillion in 2027.

So, whether it's traditional computing for AI or looking to the future of quantum computing, Nvidia has clearly positioned itself as a major partner for whichever new technologies need significant computing power. As a result, I think it's a top investment pick, even in a quantum computing-focused basket.
2026-10-22 20:19 7d ago
2026-10-22 13:29 8d ago
Netflix zvýšil tržby o 11,8 % a provozní zisk o 37 %
NFLX Netflix
FMP Stock News 92
Original source text
Netflix Subscribers Keep Paying Despite Weaker Viewing. Deutsche Bank Sees a Buying Opportunity

Summary

Despite weaker U.S. viewing trends and advertising delays, Netflix continues to grow revenue and retain subscribers, supporting a top analyst's $93 price target

Netflix NFLX continues to retain subscribers despite weaker U.S. viewing trends, giving Deutsche Bank a reason to stay positive after the streaming company's latest earnings report.

Analyst Bryan Kraft maintained a Buy rating and $93 price target, even as Netflix shares fell 5.3% in Wednesday trading after the company reduced its 2026 advertising revenue forecast to $2.7 billion from about $3 billion. Netflix attributed the reduction to delays in rolling out advertising features and integrating systems with advertisers.

Netflix's third-quarter revenue increased 11.8% year over year to $12.87 billion, while operating income rose 37% to $4.46 billion. The company said cancellations improved from a year earlier in every region, including the United States, despite subscription price increases.

International engagement offered another positive signal. Viewing hours in India climbed 24% during the quarter, with local revenue increasing about 18% after currency adjustments. Kraft believes softer U.S. viewing may reflect a weaker content lineup compared with last year rather than a lasting problem.

Netflix expects 2026 revenue of $51.1 billion, up about 13%, and plans to expand its advertising-supported subscription tier into 15 additional countries in 2027.

Netflix stock rose 3% Thursday morning.

Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure
2026-10-22 20:19 7d ago
2026-10-22 15:03 7d ago
Netflix ve třetím čtvrtletí odkoupil akcie za 4,8 miliardy USD
NFLX Netflix
FMP Stock News 90
Original source text
Tuesday evening, Netflix delivered a solid third-quarter financial report for fiscal 2026, posting $12.87 billion in revenue -- an 11.9% year-over-year increase. Operating income rose by 34.6% and net income jumped 43.9%. Free cash flow ticked 8.4% higher, amounting to 86% of earnings and 25% of revenue.

Despite these strong operating metrics, Wall Street kind of hated the release. Major financial institutions such as Barclays and Goldman Sachs lowered their price targets, while Needham downgraded the stock from Buy to Hold. Netflix's stock price also dropped as much as 6.7% on Wednesday morning.

Image source: Netflix.

A solid quarter that Wall Street hatedThe negative sentiment was driven mostly by weaker-than-expected full-year advertising revenue guidance plus lingering concerns over U.S. content comparisons. Every year can't match 2025's game-changing home runs like 2025's K-Pop Demon Hunters, after all.

When a stock pulls back and massive share repurchases surge in tandem, conventional wisdom whispers that management must be backing up the wagon to load up on deeply discounted equity. Both of those components are certainly in play right now.

The buyback illusion: Are insiders signaling incredible value?During the third quarter, Netflix executed its largest quarter of share buybacks in company history, repurchasing 63.9 million shares for $4.8 billion and bringing its year-to-date buybacks to $10.8 billion. However, that doesn't necessarily mean that Netflix's management sees exceptional value in its own stock today.

A massive capital return program alongside a depressed share price might traditionally be interpreted as an aggressive, valuation-driven signal from management. Still, historical execution patterns suggest a different reality for Netflix. Rather than acting as nimble, valuation-conscious tacticians swooping in during sell-offs, Netflix's capital return program behaves more like a systematic machine.

Netflix's massive free cash flow generation simply hits pre-set programmatic targets, meaning heavy buying often coincides with cyclical peaks just as easily as troughs.

NFLX Netflix$67.05+$2.01 (+3.09%)

NASDAQ · As of 4:00 PM ET 10/22/26

For example, take a look at the historical timeline: when Netflix shares crashed through the floorboards in 2022, buybacks practically dried up into a tiny puddle just when the stock was actually cheap. Then they surged to record highs in mid-2026 as the stock pulled back from prior peaks.

The buyback policy has $22.3 billion of unused authorization, and there's no telling how much Netflix will use in Q4 or 2027. But it seems like a safe bet that stock price trends won't dictate the strategy. The top priority for incoming cash is to run the business as efficiently as possible.

Looking past the buyback hypeThat said, you don't have to follow Netflix's example. As of Oct. 21, the stock is trading 48% below yearly highs at a bargain-bin valuation of 19 times trailing earnings. If you've been looking for a lower entry price before reaching for the "buy" button, Netflix is delivering it right now.
2026-10-22 20:19 7d ago
2026-10-22 15:09 7d ago
Tokenizace podpoří růst čistých výnosů společností Visa a Mastercard
V Visa
FMP Stock News 82
Original source text
Visa Inc (NYSE:V, XETRA:3V64) and Mastercard Inc (NYSE:MA) could generate a growing stream of revenue from payment tokenization as digital transactions expand and card networks charge for technology that helps secure payments and reduce fraud, according to UBS. 

Analysts estimated that tokenization-related revenue could contribute a low-single-digit percentage to total net revenue growth at both companies over the medium term, with a low-to-mid-single-digit percentage contribution to growth in their value-added services businesses. 

The analysts estimated Visa's contribution is currently moderately higher than Mastercard's, partly reflecting pricing changes Visa has recently introduced or announced. 

Tokenization replaces sensitive card details with unique digital identifiers, allowing payments to be processed without exposing the underlying card number. The technology is used across eCommerce, mobile wallets and stored payment credentials, with potential applications in emerging areas such as agentic commerce, where artificial intelligence systems initiate transactions on behalf of consumers. 

UBS said the card networks are increasingly monetizing tokenization through dedicated fees, pricing structures that favor tokenized transactions and broader digital services that incorporate token-related capabilities. 

The resulting revenue growth reflects a combination of rising card-not-present transaction volumes, greater token adoption within those transactions and pricing for the services provided. 

Many tokenization-related fees are reported within Visa's value-added services business and Mastercard's value-added services and solutions segment, although some revenue may be recognized within their core payments network businesses. 

Pricing opportunities ahead 

UBS sees scope for Visa and Mastercard to increase tokenization-related pricing as their product offerings develop and become more valuable in preventing fraud and enabling new forms of digital commerce. 

The bank's analysis includes fees already implemented or announced by the companies, as well as publicly disclosed future pricing changes. It therefore views its estimates as a conservative starting point, with additional fees or pricing increases representing potential upside. 

Visa has introduced or announced several tokenization-related fees that Mastercard has not, including fees for tokenized card-present transactions in the US and plans to expand its Digital Commerce Service Fee into Europe in 2027. 

Visa has also announced a 2027 increase to its Digital Commerce Service Fee, according to UBS. 

The analysts cautioned that rebates and incentives offered to business partners could reduce the net revenue ultimately generated from tokenization compared with the amounts implied by their framework. 

UBS described its estimates as an initial framework that may be refined as the companies provide more disclosure or pricing details. The analysis focuses specifically on the monetization of tokenization and related services, rather than attempting to capture all pricing changes or transaction-mix effects across the two payment networks. 

The findings suggest tokenization could become a more meaningful contributor to growth for both companies as digital payments expand, while providing an additional avenue for monetization beyond transaction volumes alone. 

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2026-10-22 20:17 7d ago
2026-10-22 13:42 8d ago
Tržby HPE z cloudu a AI vzrostly o 25,4 %
HPE Hewlett Packard Enterprise
FMP Stock News 90
Original source text
Hewlett Packard Enterprise, a hybrid-cloud infrastructure vendor HPE , unveiled plans to support Nvidia OpenShell and introduce Vera CPU rack infrastructure, while shares traded at $54.60, down 6.14% at 11.20am EST on Thursday. The push targets businesses that need tighter control over autonomous AI systems, sensitive data and computing resources. More AI hardware gets HPE through the door. Security and governance could help it capture more spending once inside.

The earnings test is already taking shape. HPE's fiscal-third-quarter results showed Cloud and AI revenue of $9.0 billion, up 25.4% from a year earlier, while the segment's operating margin reached 17%, versus 7%. That 10-percentage-point improvement matters: growth delivered a much stronger profit contribution. The question now is whether new AI deployments can sustain that profitability as customers demand more complex systems and support.

The valuation leaves little room for sloppy execution. The chart places the shares 90.98% above the $28.59 GF Value estimate, suggesting substantial growth expectations remain priced in despite the selloff. That estimate is a valuation reference, not a guaranteed destination. HPE's next hurdle is turning its broader AI offering into revenue and cash flow while defending the margin gains it has already delivered.
2026-10-22 20:15 7d ago
2026-10-22 15:00 7d ago
Intismeran s přípravkem KEYTRUDA snížil riziko recidivy melanomu o 42 %
MRNA Moderna
FMP Stock News 82
Original source text
Merck (NYSE: MRK), known as MSD outside of the United States and Canada, and Moderna, Inc. (NASDAQ: MRNA) today announced detailed positive recurrence-free survival (RFS) and distant metastasis-free survival (DMFS) results from the Phase 3 INTerpath-001 trial evaluating intismeran autogene (intismeran; V940 or mRNA-4157), a novel investigational mRNA-based individualized neoantigen therapy (INT) being jointly developed by Merck and Moderna, in combination with KEYTRUDA® (pembrolizumab), Merck's anti-PD-1 therapy, as adjuvant treatment for patients with completely resected stage IIB-IV melanoma. These late-breaking results will be presented for the first time during Presidential Symposium I at the European Society for Medical Oncology (ESMO) Congress 2026 (Presentation #LBA1), were selected for an official ESMO Press Briefing and have been accepted for publication in The New England Journal of Medicine.

At the primary pre-specified analysis (intention-to-treat), after a median follow-up of 24.6 months, intismeran in combination with KEYTRUDA significantly reduced the risk of recurrence or death by 42% (HR=0.58 [95% CI, 0.45–0.75]; two-sided p<0.001). Intismeran plus KEYTRUDA also significantly reduced the risk of distant metastasis or death by 38% (HR=0.62 [95% CI, 0.45–0.85]; two-sided p=0.002) compared to KEYTRUDA alone. The improvements observed in RFS and DMFS were generally consistent across pre-specified patient subgroups. Overall survival (OS) data are not yet mature, but a favorable trend in OS with intismeran plus KEYTRUDA has been observed. The study remains ongoing to further evaluate OS and other key endpoints. The safety profile of intismeran plus KEYTRUDA was generally consistent with previously reported studies of the combination, and no new safety signals were observed. Based on these data, we are engaging with regulatory authorities.

The efficacy of the intismeran immunization plus KEYTRUDA in the first six months was comparable with KEYTRUDA alone for risk of recurrence or death (HR=0.99 [95% CI, 0.66–1.49]) and risk of distant metastasis or death (HR=1.01 [95% CI, 0.58–1.79]). At six months, following the intismeran immunization regimen, a pre-specified sensitivity analysis of the primary endpoint showed the addition of intismeran plus KEYTRUDA reduced the risk of recurrence or death by 58% (HR=0.42 [95% CI, 0.30–0.58]) and reduced the risk of distant metastasis or death by half (HR=0.50 [95% CI, 0.34–0.73]) compared to KEYTRUDA alone.

In a pre-specified sensitivity analysis of the modified intent-to-treat (mITT) population, which excluded participants who did not receive at least one dose of intismeran or placebo as planned, intismeran plus KEYTRUDA reduced the risk of recurrence or death by 49% (HR=0.51 [95% CI, 0.39–0.67]) and the risk of distant metastasis or death by 45% (HR=0.55 [95% CI, 0.40–0.77]) compared to KEYTRUDA alone.

“The transformative INTerpath-001 results have the potential to make a foundational shift in how we treat patients with earlier-stage melanoma in the adjuvant setting,” said Professor Georgina Long, the study’s principal investigator and medical director of Melanoma Institute Australia, Chair of Melanoma Medical Oncology and Translational Research at the University of Sydney. “For decades, cancer treatment has largely been defined by where a tumor originates in the body. The INTerpath-001 findings support a fundamentally new and individualized approach to treating resected melanoma in the adjuvant setting, one that tailors treatment to the unique mutational signature of a patient’s tumor to enhance an anti-tumor immune response. While these results are in patients with completely resected stage IIB-IV melanoma, they provide valuable insights and will help inform our understanding of intismeran as clinical research continues into other tumor types and across settings.”

“INTerpath-001 is the first Phase 3 study to demonstrate a clinically meaningful improvement in RFS and DMFS over standard-of-care KEYTRUDA in patients with resected melanoma, setting a new benchmark in the adjuvant setting and representing one of the most significant advances in melanoma treatment since the advent of immunotherapy,” said Dr. Dean Y. Li, president, Merck Research Laboratories. “These results, building on the body of evidence from the Phase 2b study, strengthen our confidence in the curative potential of intismeran autogene when given in combination with KEYTRUDA. Importantly, these data suggest that, by intervening earlier, this approach may offer a tangible opportunity to change the trajectory of a patient's cancer.”

“From the beginning, we believed mRNA technology could make it possible to develop cancer treatments uniquely matched to each patient’s tumor. The INTerpath-001 results mark a defining moment for that vision and show what’s possible when we rethink how medicines are made,” said Stéphane Bancel, Chief Executive Officer of Moderna. “These results reinforce our conviction that mRNA has the potential to fundamentally change how we treat cancer.”

Merck and Moderna are advancing the robust INTerpath clinical development program evaluating the safety and efficacy of intismeran in combination with KEYTRUDA and other anti-cancer therapies, and as a monotherapy. The INTerpath program currently consists of nine total Phase 2 and Phase 3 clinical trials across multiple tumor types and stages of disease, including three ongoing Phase 3 trials in non-small cell lung cancer (NSCLC). Additional clinical studies include the Phase 2b KEYNOTE-942/mRNA-4157-P201 trial in adjuvant melanoma and a Phase 1 study exploring adjuvant pancreatic ductal adenocarcinoma (Abstract #3151P), perioperative gastric carcinoma and perioperative NSCLC.

The results from INTerpath-001 build on previously reported Phase 2b results for intismeran in combination with KEYTRUDA from the KEYNOTE-942/mRNA-4157-P201 trial, including the five-year follow-up data presented at the 2026 ASCO Annual Meeting.

Study design and additional data from INTerpath-001

INTerpath-001 is a randomized, double-blind, placebo- and active-comparator-controlled global Phase 3 trial (ClinicalTrials.gov, NCT05933577) evaluating the safety and efficacy of intismeran in combination with KEYTRUDA compared to KEYTRUDA alone in patients with high-risk (stage IIB-IV) resected cutaneous melanoma. The trial enrolled 1,137 patients who, following complete surgical resection, were randomized 2:1 to receive intismeran (1 mg every three weeks for up to nine doses) and KEYTRUDA (400 mg every six weeks up to nine cycles [for approximately one year]) compared to placebo plus KEYTRUDA for approximately one year until disease recurrence or unacceptable toxicity, or for a total treatment duration of up to approximately 56 weeks, whichever was sooner.

The primary endpoint is RFS, defined as the time from randomization to any disease recurrence (local, locoregional, regional or distant) as assessed by the investigator, or death due to any cause. Key secondary endpoints include DMFS, OS, safety, tolerability and quality of life.

In the ITT population, the two-year RFS rate was 82.2% (95% CI, 79.3%–84.8%) for intismeran plus KEYTRUDA compared to 70.0% (95% CI, 65.0%–74.5%) for KEYTRUDA alone. Median RFS was not reached (NR) (95% CI, not estimable [NE]–NE) for either arm. Additionally, the two-year DMFS rate was 88.5% (95% CI, 86.0%–90.6%) for intismeran plus KEYTRUDA compared to 80.2% (95% CI, 75.6%–84.0%) for KEYTRUDA alone. Median DMFS was NR (95% CI, NE–NE) for either arm.

Treatment-related adverse events (TRAEs) occurred in 95.8% (723 of 755 patients) receiving intismeran plus KEYTRUDA and 90.0% (342 of 380 patients) receiving KEYTRUDA alone. Grade 3–5 TRAEs occurred in 14.2% (n=107) versus 13.4% (n=51) of patients, respectively. The most common adverse events in the intismeran plus KEYTRUDA arm were pyrexia (52.2%), injection site pain (51.0%) and fatigue (38.5%).

About intismeran autogene

Intismeran autogene (intismeran; V940 or mRNA-4157) is a novel, potential first-in-class investigational messenger RNA (mRNA)-based individualized neoantigen therapy (INT) jointly developed by Merck and Moderna. Intismeran is designed and produced using a patient’s tumor sample to identify the unique mutational signature of their cancer and generate an anti-tumor immune response. Information derived from the patient’s tumor and normal DNA is used to create an individualized treatment design, or “blueprint,” informed by selected neoantigens unique to that patient’s cancer. Each therapy consists of a synthetic mRNA coding for up to 34 neoantigens. Upon administration, the RNA-encoded neoantigen sequences are translated in the body and presented to the immune system, a key step in generating specific T-cell responses against cancer cells. Individualized neoantigen therapies are designed to train and activate an anti-tumor immune response based on the unique mutational signature of a patient’s tumor.

About melanoma

Melanoma, one of the deadliest forms of skin cancer, is characterized by the uncontrolled growth of pigment-producing cells. The rates of melanoma have been rising over the past few decades, with more than 338,000 new cases diagnosed worldwide in 2024. In the U.S., skin cancer is one of the most common types of cancer diagnosed, and melanoma accounts for a large majority of skin cancer deaths. It is estimated there will be about 112,000 new cases of melanoma diagnosed and over 8,500 deaths resulting from the disease in the U.S. in 2026 alone. Despite advances in treatment, patients with resected melanoma remain at risk of disease recurrence, which most often occurs within the first two years following surgery. Disease recurrence can be metastatic as well as localized, with more than half of patients who experience recurrence developing one or more distant metastases. Distant metastases can spread to critical organs, including the lung, liver and brain, and are associated with substantially worse outcomes, underscoring the continued need for treatment approaches that can help reduce the risk of recurrence and the risk of local and distant metastasis.

About Merck’s research in melanoma

Merck is committed to delivering meaningful advances for patients with melanoma and to continuing research in skin cancers through a broad clinical development program across investigational and approved medicines. KEYTRUDA has been established as an important treatment option for the adjuvant treatment of patients with resected Stage IIB, IIC, or III melanoma based on results of KEYNOTE-054 and KEYNOTE-716. KEYTRUDA is also approved worldwide for the treatment of patients with unresectable or metastatic melanoma. Leveraging a decade of melanoma clinical trials, Merck continues to explore both innovative treatment approaches, including investigational individualized neoantigen therapies, and novel KEYTRUDA combinations with the goal of further improving long‑term outcomes for people living with melanoma.

About Merck’s early-stage cancer clinical program

Finding cancer at an earlier stage may give patients a greater chance of long-term survival. Many cancers are considered most treatable and potentially curable in their earliest stage of disease. Building on the strong understanding of the role of KEYTRUDA in later-stage cancers, Merck is evaluating our portfolio of medicines and pipeline candidates in earlier disease states, with more than 30 ongoing registrational studies across multiple types of cancer.

About KEYTRUDA® (pembrolizumab) injection for intravenous use, 100 mg

KEYTRUDA is an anti-programmed death receptor-1 (PD-1) therapy that works by increasing the ability of the body’s immune system to help detect and fight tumor cells. KEYTRUDA is a humanized monoclonal antibody that blocks the interaction between PD-1 and its ligands, PD-L1 and PD-L2, thereby activating T lymphocytes which may affect both tumor cells and healthy cells.

Merck has the industry’s largest immuno-oncology clinical research program. There are currently more than 2,800 trials studying KEYTRUDA across a wide variety of cancers and treatment settings. The KEYTRUDA clinical program seeks to understand the role of KEYTRUDA across cancers and the factors that may predict a patient’s likelihood of benefitting from treatment with KEYTRUDA, including exploring several different biomarkers.

Selected Indications in the U.S. for KEYTRUDA® (pembrolizumab)

Melanoma

KEYTRUDA is indicated for the treatment of patients with unresectable or metastatic melanoma.

KEYTRUDA is indicated for the adjuvant treatment of adult and pediatric (12 years and older) patients with Stage IIB, IIC, or III melanoma following complete resection.

See additional selected KEYTRUDA indications in the U.S. after the Selected Important Safety Information.

Selected Safety Information for KEYTRUDA

Severe and Fatal Immune-Mediated Adverse Reactions

KEYTRUDA is a monoclonal antibody that belongs to a class of drugs that bind to either the programmed death receptor-1 (PD-1) or the programmed death ligand 1 (PD-L1), blocking the PD-1/PD-L1 pathway, thereby removing inhibition of the immune response, potentially breaking peripheral tolerance and inducing immune-mediated adverse reactions. Immune-mediated adverse reactions, which may be severe or fatal, can occur in any organ system or tissue, can affect more than one body system simultaneously, and can occur at any time after starting treatment or after discontinuation of treatment. Important immune-mediated adverse reactions listed here may not include all possible severe and fatal immune-mediated adverse reactions.

Monitor patients closely for symptoms and signs that may be clinical manifestations of underlying immune-mediated adverse reactions. Early identification and management are essential to ensure safe use of anti–PD-1/PD-L1 treatments. Evaluate liver enzymes, creatinine, and thyroid function at baseline and periodically during treatment. For patients with TNBC treated with KEYTRUDA in the neoadjuvant setting, monitor blood cortisol at baseline, prior to surgery, and as clinically indicated. In cases of suspected immune-mediated adverse reactions, initiate appropriate workup to exclude alternative etiologies, including infection. Institute medical management promptly, including specialty consultation as appropriate.

Withhold or permanently discontinue KEYTRUDA depending on severity of the immune-mediated adverse reaction. In general, if KEYTRUDA requires interruption or discontinuation, administer systemic corticosteroid therapy (1 to 2 mg/kg/day prednisone or equivalent) until improvement to Grade 1 or less. Upon improvement to Grade 1 or less, initiate corticosteroid taper and continue to taper over at least 1 month. Consider administration of other systemic immunosuppressants in patients whose adverse reactions are not controlled with corticosteroid therapy.

Immune-Mediated Pneumonitis

KEYTRUDA can cause immune-mediated pneumonitis. The incidence is higher in patients who have received prior thoracic radiation. Immune-mediated pneumonitis occurred in 3.4% (94/2799) of patients receiving KEYTRUDA, including fatal (0.1%), Grade 4 (0.3%), Grade 3 (0.9%), and Grade 2 (1.3%) reactions. Systemic corticosteroids were required in 67% (63/94) of patients. Pneumonitis led to permanent discontinuation of KEYTRUDA in 1.3% (36) and withholding in 0.9% (26) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, 23% had recurrence. Pneumonitis resolved in 59% of the 94 patients.

Pneumonitis occurred in 8% (31/389) of adult patients with cHL receiving KEYTRUDA as a single agent, including Grades 3-4 in 2.3% of patients. Patients received high-dose corticosteroids for a median duration of 10 days (range: 2 days to 53 months). Pneumonitis rates were similar in patients with and without prior thoracic radiation. Pneumonitis led to discontinuation of KEYTRUDA in 5.4% (21) of patients. Of the patients who developed pneumonitis, 42% interrupted KEYTRUDA, 68% discontinued KEYTRUDA, and 77% had resolution.

Pneumonitis occurred in 7% (41/580) of adult patients with resected NSCLC who received KEYTRUDA as a single agent for adjuvant treatment of NSCLC, including fatal (0.2%), Grade 4 (0.3%), and Grade 3 (1%) adverse reactions. Patients received high-dose corticosteroids for a median duration of 10 days (range: 1 day to 2.3 months). Pneumonitis led to discontinuation of KEYTRUDA in 26 (4.5%) of patients. Of the patients who developed pneumonitis, 54% interrupted KEYTRUDA, 63% discontinued KEYTRUDA, and 71% had resolution.

Immune-Mediated Colitis

KEYTRUDA can cause immune-mediated colitis, which may present with diarrhea. Cytomegalovirus infection/reactivation has been reported in patients with corticosteroid-refractory immune-mediated colitis. In cases of corticosteroid-refractory colitis, consider repeating infectious workup to exclude alternative etiologies. Immune-mediated colitis occurred in 1.7% (48/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (1.1%), and Grade 2 (0.4%) reactions. Systemic corticosteroids were required in 69% (33/48); additional immunosuppressant therapy was required in 4.2% of patients. Colitis led to permanent discontinuation of KEYTRUDA in 0.5% (15) and withholding in 0.5% (13) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, 23% had recurrence. Colitis resolved in 85% of the 48 patients.

Hepatotoxicity and Immune-Mediated Hepatitis

KEYTRUDA as a Single Agent

KEYTRUDA can cause immune-mediated hepatitis. Immune-mediated hepatitis occurred in 0.7% (19/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.4%), and Grade 2 (0.1%) reactions. Systemic corticosteroids were required in 68% (13/19) of patients; additional immunosuppressant therapy was required in 11% of patients. Hepatitis led to permanent discontinuation of KEYTRUDA in 0.2% (6) and withholding in 0.3% (9) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, none had recurrence. Hepatitis resolved in 79% of the 19 patients.

KEYTRUDA With Axitinib

KEYTRUDA in combination with axitinib can cause hepatic toxicity. Monitor liver enzymes before initiation of and periodically throughout treatment. Consider monitoring more frequently as compared to when the drugs are administered as single agents. For elevated liver enzymes, interrupt KEYTRUDA and axitinib, and consider administering corticosteroids as needed. With the combination of KEYTRUDA and axitinib, Grades 3 and 4 increased alanine aminotransferase (ALT) (20%) and increased aspartate aminotransferase (AST) (13%) were seen at a higher frequency compared to KEYTRUDA alone. Fifty-nine percent of the patients with increased ALT received systemic corticosteroids. In patients with ALT ≥3 times upper limit of normal (ULN) (Grades 2-4, n=116), ALT resolved to Grades 0-1 in 94%. Among the 92 patients who were rechallenged with either KEYTRUDA (n=3) or axitinib (n=34) administered as a single agent or with both (n=55), recurrence of ALT ≥3 times ULN was observed in 1 patient receiving KEYTRUDA, 16 patients receiving axitinib, and 24 patients receiving both. All patients with a recurrence of ALT ≥3 ULN subsequently recovered from the event.

Immune-Mediated Endocrinopathies

Adrenal Insufficiency

KEYTRUDA can cause primary or secondary adrenal insufficiency. For Grade 2 or higher, initiate symptomatic treatment, including hormone replacement as clinically indicated. Withhold KEYTRUDA depending on severity. Adrenal insufficiency occurred in 0.8% (22/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.3%), and Grade 2 (0.3%) reactions. Systemic corticosteroids were required in 77% (17/22) of patients; of these, the majority remained on systemic corticosteroids. Adrenal insufficiency led to permanent discontinuation of KEYTRUDA in <0.1% (1) and withholding in 0.3% (8) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement.

Hypophysitis

KEYTRUDA can cause immune-mediated hypophysitis. Hypophysitis can present with acute symptoms associated with mass effect such as headache, photophobia, or visual field defects. Hypophysitis can cause hypopituitarism. Initiate hormone replacement as indicated. Withhold or permanently discontinue KEYTRUDA depending on severity. Hypophysitis occurred in 0.6% (17/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.3%), and Grade 2 (0.2%) reactions. Systemic corticosteroids were required in 94% (16/17) of patients; of these, the majority remained on systemic corticosteroids. Hypophysitis led to permanent discontinuation of KEYTRUDA in 0.1% (4) and withholding in 0.3% (7) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement.

Thyroid Disorders

KEYTRUDA can cause immune-mediated thyroid disorders. Thyroiditis can present with or without endocrinopathy. Hypothyroidism can follow hyperthyroidism. Initiate hormone replacement for hypothyroidism or institute medical management of hyperthyroidism as clinically indicated. Withhold or permanently discontinue KEYTRUDA depending on severity. Thyroiditis occurred in 0.6% (16/2799) of patients receiving KEYTRUDA, including Grade 2 (0.3%). None discontinued, but KEYTRUDA was withheld in <0.1% (1) of patients.

Hyperthyroidism occurred in 3.4% (96/2799) of patients receiving KEYTRUDA, including Grade 3 (0.1%) and Grade 2 (0.8%). It led to permanent discontinuation of KEYTRUDA in <0.1% (2) and withholding in 0.3% (7) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement. Hypothyroidism occurred in 8% (237/2799) of patients receiving KEYTRUDA, including Grade 3 (0.1%) and Grade 2 (6.2%). It led to permanent discontinuation of KEYTRUDA in <0.1% (1) and withholding in 0.5% (14) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement. The majority of patients with hypothyroidism required long-term thyroid hormone replacement. The incidence of new or worsening hypothyroidism was higher in 1185 patients with HNSCC, occurring in 16% of patients receiving KEYTRUDA as a single agent or in combination with platinum and FU, including Grade 3 (0.3%) hypothyroidism. The incidence of new or worsening hypothyroidism was higher in 389 adult patients with cHL (17%) receiving KEYTRUDA as a single agent, including Grade 1 (6.2%) and Grade 2 (10.8%) hypothyroidism. The incidence of new or worsening hyperthyroidism was higher in 580 patients with resected NSCLC, occurring in 11% of patients receiving KEYTRUDA as a single agent as adjuvant treatment, including Grade 3 (0.2%) hyperthyroidism. The incidence of new or worsening hypothyroidism was higher in 580 patients with resected NSCLC, occurring in 22% of patients receiving KEYTRUDA as a single agent as adjuvant treatment (KEYNOTE-091), including Grade 3 (0.3%) hypothyroidism.

Type 1 Diabetes Mellitus (DM), Which Can Present With Diabetic Ketoacidosis

Monitor patients for hyperglycemia or other signs and symptoms of diabetes. Initiate treatment with insulin as clinically indicated. Withhold KEYTRUDA depending on severity. Type 1 DM occurred in 0.2% (6/2799) of patients receiving KEYTRUDA. It led to permanent discontinuation in <0.1% (1) and withholding of KEYTRUDA in <0.1% (1) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement.

Immune-Mediated Nephritis With Renal Dysfunction

KEYTRUDA can cause immune-mediated nephritis. Immune-mediated nephritis occurred in 0.3% (9/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.1%), and Grade 2 (0.1%) reactions. Systemic corticosteroids were required in 89% (8/9) of patients. Nephritis led to permanent discontinuation of KEYTRUDA in 0.1% (3) and withholding in 0.1% (3) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, none had recurrence. Nephritis resolved in 56% of the 9 patients.

Immune-Mediated Dermatologic Adverse Reactions

KEYTRUDA can cause immune-mediated rash or dermatitis. Exfoliative dermatitis, including Stevens-Johnson syndrome, drug rash with eosinophilia and systemic symptoms, and toxic epidermal necrolysis, has occurred with anti–PD-1/PD-L1 treatments. Topical emollients and/or topical corticosteroids may be adequate to treat mild to moderate nonexfoliative rashes. Withhold or permanently discontinue KEYTRUDA depending on severity. Immune-mediated dermatologic adverse reactions occurred in 1.4% (38/2799) of patients receiving KEYTRUDA, including Grade 3 (1%) and Grade 2 (0.1%) reactions. Systemic corticosteroids were required in 40% (15/38) of patients. These reactions led to permanent discontinuation in 0.1% (2) and withholding of KEYTRUDA in 0.6% (16) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, 6% had recurrence. The reactions resolved in 79% of the 38 patients.

Other Immune-Mediated Adverse Reactions

The following clinically significant immune-mediated adverse reactions occurred at an incidence of <1% (unless otherwise noted) in patients who received KEYTRUDA or were reported with the use of other anti–PD-1/PD-L1 treatments. Severe or fatal cases have been reported for some of these adverse reactions. Cardiac/Vascular: Myocarditis, pericarditis, vasculitis; Nervous System: Meningitis, encephalitis, myelitis and demyelination, myasthenic syndrome/myasthenia gravis (including exacerbation), Guillain-Barré syndrome, nerve paresis, autoimmune neuropathy; Ocular: Uveitis, iritis and other ocular inflammatory toxicities can occur. Some cases can be associated with retinal detachment. Various grades of visual impairment, including blindness, can occur. If uveitis occurs in combination with other immune-mediated adverse reactions, consider a Vogt-Koyanagi-Harada-like syndrome, as this may require treatment with systemic steroids to reduce the risk of permanent vision loss; Gastrointestinal: Pancreatitis, to include increases in serum amylase and lipase levels, gastritis, duodenitis; Musculoskeletal and Connective Tissue: Myositis/polymyositis, rhabdomyolysis (and associated sequelae, including renal failure), arthritis (1.5%), polymyalgia rheumatica; Endocrine: Hypoparathyroidism; Hematologic/Immune: Hemolytic anemia, aplastic anemia, hemophagocytic lymphohistiocytosis, systemic inflammatory response syndrome, histiocytic necrotizing lymphadenitis (Kikuchi lymphadenitis), sarcoidosis, immune thrombocytopenic purpura, solid organ transplant rejection, other transplant (including corneal graft) rejection; Other: Myocarditis-Myositis-Myasthenia Gravis (or Myasthenia-Like) Overlap syndrome, reported as the co-occurrence of either two or all three adverse reactions.

Infusion-Related Reactions

KEYTRUDA can cause severe or life-threatening infusion-related reactions, including hypersensitivity and anaphylaxis, which have been reported in 0.2% of 2799 patients receiving KEYTRUDA. Monitor for signs and symptoms of infusion-related reactions. Interrupt or slow the rate of infusion for Grade 1 or Grade 2 reactions. For Grade 3 or Grade 4 reactions, stop infusion and permanently discontinue KEYTRUDA.

Complications of Allogeneic Hematopoietic Stem Cell Transplantation (HSCT)

Fatal and other serious complications can occur in patients who receive allogeneic HSCT before or after anti–PD-1/PD-L1 treatments. Transplant-related complications include hyperacute graft-versus-host disease (GVHD), acute and chronic GVHD, hepatic veno-occlusive disease after reduced intensity conditioning, and steroid-requiring febrile syndrome (without an identified infectious cause). These complications may occur despite intervening therapy between anti–PD-1/PD-L1 treatments and allogeneic HSCT. Follow patients closely for evidence of these complications and intervene promptly. Consider the benefit vs risks of using anti–PD-1/PD-L1 treatments prior to or after an allogeneic HSCT.

Increased Mortality in Patients With Multiple Myeloma

In trials in patients with multiple myeloma, the addition of KEYTRUDA to a thalidomide analogue plus dexamethasone resulted in increased mortality. Treatment of these patients with an anti–PD-1/PD-L1 treatment in this combination is not recommended outside of controlled trials.

Embryofetal Toxicity

Based on its mechanism of action, KEYTRUDA can cause fetal harm when administered to a pregnant woman. Advise women of this potential risk. In females of reproductive potential, verify pregnancy status prior to initiating KEYTRUDA and advise them to use effective contraception during treatment and for 4 months after the last dose.

Adverse Reactions

In KEYNOTE-006, KEYTRUDA was discontinued due to adverse reactions in 9% of 555 patients with advanced melanoma; adverse reactions leading to permanent discontinuation in more than one patient were colitis (1.4%), autoimmune hepatitis (0.7%), allergic reaction (0.4%), polyneuropathy (0.4%), and cardiac failure (0.4%). The most common adverse reactions (≥20%) with KEYTRUDA were fatigue (28%), diarrhea (26%), rash (24%), and nausea (21%).

In KEYNOTE-054, when KEYTRUDA was administered as a single agent to patients with stage III melanoma, KEYTRUDA was permanently discontinued due to adverse reactions in 14% of 509 patients; the most common (≥1%) were pneumonitis (1.4%), colitis (1.2%), and diarrhea (1%). Serious adverse reactions occurred in 25% of patients receiving KEYTRUDA. The most common adverse reaction (≥20%) with KEYTRUDA was diarrhea (28%). In KEYNOTE-716, when KEYTRUDA was administered as a single agent to patients with stage IIB or IIC melanoma, adverse reactions occurring in patients with stage IIB or IIC melanoma were similar to those occurring in 1011 patients with stage III melanoma from KEYNOTE-054.

In KEYNOTE-189, when KEYTRUDA was administered with pemetrexed and platinum chemotherapy in metastatic nonsquamous NSCLC, KEYTRUDA was discontinued due to adverse reactions in 20% of 405 patients. The most common adverse reactions resulting in permanent discontinuation of KEYTRUDA were pneumonitis (3%) and acute kidney injury (2%). The most common adverse reactions (≥20%) with KEYTRUDA were nausea (56%), fatigue (56%), constipation (35%), diarrhea (31%), decreased appetite (28%), rash (25%), vomiting (24%), cough (21%), dyspnea (21%), and pyrexia (20%).

In KEYNOTE-407, when KEYTRUDA was administered with carboplatin and either paclitaxel or paclitaxel protein-bound in metastatic squamous NSCLC, KEYTRUDA was discontinued due to adverse reactions in 15% of 101 patients. The most frequent serious adverse reactions reported in at least 2% of patients were febrile neutropenia, pneumonia, and urinary tract infection. Adverse reactions observed in KEYNOTE-407 were similar to those observed in KEYNOTE-189 with the exception that increased incidences of alopecia (47% vs 36%) and peripheral neuropathy (31% vs 25%) were observed in the KEYTRUDA and chemotherapy arm compared to the placebo and chemotherapy arm in KEYNOTE-407.

In KEYNOTE-042, KEYTRUDA was discontinued due to adverse reactions in 19% of 636 patients with advanced NSCLC; the most common were pneumonitis (3%), death due to unknown cause (1.6%), and pneumonia (1.4%). The most frequent serious adverse reactions reported in at least 2% of patients were pneumonia (7%), pneumonitis (3.9%), pulmonary embolism (2.4%), and pleural effusion (2.2%). The most common adverse reaction (≥20%) was fatigue (25%).

In KEYNOTE-010, KEYTRUDA monotherapy was discontinued due to adverse reactions in 8% of 682 patients with metastatic NSCLC; the most common was pneumonitis (1.8%). The most common adverse reactions (≥20%) were decreased appetite (25%), fatigue (25%), dyspnea (23%), and nausea (20%).

In KEYNOTE-671, adverse reactions occurring in patients with resectable NSCLC receiving KEYTRUDA in combination with platinum-containing chemotherapy, given as neoadjuvant treatment and continued as single-agent adjuvant treatment, were generally similar to those occurring in patients in other clinical trials across tumor types receiving KEYTRUDA in combination with chemotherapy.

The most common adverse reactions (reported in ≥20%) in patients receiving KEYTRUDA in combination with chemotherapy or chemoradiotherapy were fatigue/asthenia, nausea, constipation, diarrhea, decreased appetite, rash, vomiting, cough, dyspnea, pyrexia, alopecia, peripheral neuropathy, mucosal inflammation, stomatitis, headache, weight loss, abdominal pain, arthralgia, myalgia, insomnia, palmar-plantar erythrodysesthesia, urinary tract infection, hypothyroidism, radiation skin injury, dysphagia, dry mouth, and musculoskeletal pain.

In the neoadjuvant phase of KEYNOTE-671, when KEYTRUDA was administered in combination with platinum-containing chemotherapy as neoadjuvant treatment, serious adverse reactions occurred in 34% of 396 patients. The most frequent (≥2%) serious adverse reactions were pneumonia (4.8%), venous thromboembolism (3.3%), and anemia (2%). Fatal adverse reactions occurred in 1.3% of patients, including death due to unknown cause (0.8%), sepsis (0.3%), and immune-mediated lung disease (0.3%). Permanent discontinuation of any study drug due to an adverse reaction occurred in 18% of patients who received KEYTRUDA in combination with platinum-containing chemotherapy; the most frequent adverse reactions (≥1%) that led to permanent discontinuation of any study drug were acute kidney injury (1.8%), interstitial lung disease (1.8%), anemia (1.5%), neutropenia (1.5%), and pneumonia (1.3%).

Of the KEYTRUDA-treated patients who received neoadjuvant treatment, 6% of 396 patients did not receive surgery due to adverse reactions. The most frequent (≥1%) adverse reaction that led to cancellation of surgery in the KEYTRUDA arm was interstitial lung disease (1%).

In the adjuvant phase of KEYNOTE-671, when KEYTRUDA was administered as a single agent as adjuvant treatment, serious adverse reactions occurred in 14% of 290 patients. The most frequent serious adverse reaction was pneumonia (3.4%). One fatal adverse reaction of pulmonary hemorrhage occurred. Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 12% of patients who received KEYTRUDA as a single agent, given as adjuvant treatment; the most frequent adverse reactions (≥1%) that led to permanent discontinuation of KEYTRUDA were diarrhea (1.7%), interstitial lung disease (1.4%), increased aspartate aminotransferase (1%), and musculoskeletal pain (1%).

Adverse reactions observed in KEYNOTE-091 were generally similar to those occurring in other patients with NSCLC receiving KEYTRUDA as a single agent, with the exception of hypothyroidism (22%), hyperthyroidism (11%), and pneumonitis (7%). Two fatal adverse reactions of myocarditis occurred.

Adverse reactions observed in KEYNOTE-483 were generally similar to those occurring in other patients receiving KEYTRUDA in combination with pemetrexed and platinum chemotherapy.

In KEYNOTE-689, the most common adverse reactions (≥20%) in patients receiving KEYTRUDA were stomatitis (48%), radiation skin injury (40%), weight loss (36%), fatigue (33%), dysphagia (29%), constipation (27%), hypothyroidism (26%), nausea (24%), rash (22%), dry mouth (22%), diarrhea (22%), and musculoskeletal pain (22%).

In the neoadjuvant phase of KEYNOTE-689, of the 361 patients who received at least one dose of single agent KEYTRUDA, 11% experienced serious adverse reactions. Serious adverse reactions that occurred in more than one patient were pneumonia (1.4%), tumor hemorrhage (0.8%), dysphagia (0.6%), immune-mediated hepatitis (0.6%), cellulitis (0.6%), and dyspnea (0.6%). Fatal adverse reactions occurred in 1.1% of patients, including respiratory failure, clostridium infection, septic shock, and myocardial infarction (one patient each). Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 2.8% of patients who received KEYTRUDA as neoadjuvant treatment. The most frequent adverse reaction which resulted in permanent discontinuation of neoadjuvant KEYTRUDA in more than one patient was arthralgia (0.6%).

Of the 361 patients who received KEYTRUDA as neoadjuvant treatment, 11% did not receive surgery. Surgical cancellation on the KEYTRUDA arm was due to disease progression in 4%, patient decision in 3%, adverse reactions in 1.4%, physician’s decision in 1.1%, unresectable tumor in 0.6%, loss of follow-up in 0.3%, and use of non-study anti-cancer therapy in 0.3%.

Of the 323 KEYTRUDA-treated patients who received surgery following the neoadjuvant phase, 1.2% experienced delay of surgery (defined as on-study surgery occurring ≥9 weeks after initiation of neoadjuvant KEYTRUDA) due to adverse reactions, and 2.8% did not receive adjuvant treatment due to adverse reactions.

In the adjuvant phase of KEYNOTE-689, of the 255 patients who received at least one dose of KEYTRUDA, 38% experienced serious adverse reactions. The most frequent serious adverse reactions reported in ≥1% of KEYTRUDA-treated patients were pneumonia (2.7%), pyrexia (2.4%), stomatitis (2.4%), acute kidney injury (2.0%), pneumonitis (1.6%), COVID-19 (1.2%), death not otherwise specified (1.2%), diarrhea (1.2%), dysphagia (1.2%), gastrostomy tube site complication (1.2%), and immune-mediated hepatitis (1.2%). Fatal adverse reactions occurred in 5% of patients, including death not otherwise specified (1.2%), acute renal failure (0.4%), hypercalcemia (0.4%), pulmonary hemorrhage (0.4%), dysphagia/malnutrition (0.4%), mesenteric thrombosis (0.4%), sepsis (0.4%), pneumonia (0.4%), COVID-19 (0.4%), respiratory failure (0.4%), cardiovascular disorder (0.4%), and gastrointestinal hemorrhage (0.4%). Permanent discontinuation of adjuvant KEYTRUDA due to an adverse reaction occurred in 17% of patients. The most frequent (≥1%) adverse reactions that led to permanent discontinuation of adjuvant KEYTRUDA were pneumonitis, colitis, immune-mediated hepatitis, and death not otherwise specified.

In KEYNOTE-048, KEYTRUDA monotherapy was discontinued due to adverse events in 12% of 300 patients with HNSCC; the most common adverse reactions leading to permanent discontinuation were sepsis (1.7%) and pneumonia (1.3%). The most common adverse reactions (≥20%) were fatigue (33%), constipation (20%), and rash (20%).

In KEYNOTE-048, when KEYTRUDA was administered in combination with platinum (cisplatin or carboplatin) and FU chemotherapy, KEYTRUDA was discontinued due to adverse reactions in 16% of 276 patients with HNSCC. The most common adverse reactions resulting in permanent discontinuation of KEYTRUDA were pneumonia (2.5%), pneumonitis (1.8%), and septic shock (1.4%). The most common adverse reactions (≥20%) were nausea (51%), fatigue (49%), constipation (37%), vomiting (32%), mucosal inflammation (31%), diarrhea (29%), decreased appetite (29%), stomatitis (26%), and cough (22%).

In KEYNOTE-012, KEYTRUDA was discontinued due to adverse reactions in 17% of 192 patients with HNSCC. Serious adverse reactions occurred in 45% of patients. The most frequent serious adverse reactions reported in at least 2% of patients were pneumonia, dyspnea, confusional state, vomiting, pleural effusion, and respiratory failure. The most common adverse reactions (≥20%) were fatigue, decreased appetite, and dyspnea. Adverse reactions occurring in patients with HNSCC were generally similar to those occurring in patients with melanoma or NSCLC who received KEYTRUDA as a monotherapy, with the exception of increased incidences of facial edema and new or worsening hypothyroidism.

In KEYNOTE-204, KEYTRUDA was discontinued due to adverse reactions in 14% of 148 patients with cHL. Serious adverse reactions occurred in 30% of patients receiving KEYTRUDA; those ≥1% were pneumonitis, pneumonia, pyrexia, myocarditis, acute kidney injury, febrile neutropenia, and sepsis. Three patients died from causes other than disease progression: 2 from complications after allogeneic HSCT and 1 from unknown cause. The most common adverse reactions (≥20%) were upper respiratory tract infection (41%), musculoskeletal pain (32%), diarrhea (22%), and pyrexia, fatigue, rash, and cough (20% each).

In KEYNOTE-087, KEYTRUDA was discontinued due to adverse reactions in 5% of 210 patients with cHL. Serious adverse reactions occurred in 16% of patients; those ≥1% were pneumonia, pneumonitis, pyrexia, dyspnea, GVHD, and herpes zoster. Two patients died from causes other than disease progression: 1 from GVHD after subsequent allogeneic HSCT and 1 from septic shock. The most common adverse reactions (≥20%) were fatigue (26%), pyrexia (24%), cough (24%), musculoskeletal pain (21%), diarrhea (20%), and rash (20%).

In KEYNOTE-170, KEYTRUDA was discontinued due to adverse reactions in 8% of 53 patients with PMBCL. Serious adverse reactions occurred in 26% of patients and included arrhythmia (4%), cardiac tamponade (2%), myocardial infarction (2%), pericardial effusion (2%), and pericarditis (2%). Six (11%) patients died within 30 days of start of treatment. The most common adverse reactions (≥20%) were musculoskeletal pain (30%), upper respiratory tract infection and pyrexia (28% each), cough (26%), fatigue (23%), and dyspnea (21%).

In KEYNOTE-A39, when KEYTRUDA was administered in combination with enfortumab vedotin-ejfv to patients with locally advanced or metastatic urothelial cancer (n=440), fatal adverse reactions occurred in 3.9% of patients, including acute respiratory failure (0.7%), pneumonia (0.5%), and pneumonitis/ILD (0.2%). Serious adverse reactions occurred in 50% of patients receiving KEYTRUDA in combination with enfortumab vedotin-ejfv; the serious adverse reactions in ≥2% of patients were rash (6%), acute kidney injury (5%), pneumonitis/ILD (4.5%), urinary tract infection (3.6%), diarrhea (3.2%), pneumonia (2.3%), pyrexia (2%), and hyperglycemia (2%). Permanent discontinuation of KEYTRUDA occurred in 27% of patients. The most common adverse reactions (≥2%) resulting in permanent discontinuation of KEYTRUDA were pneumonitis/ILD (4.8%) and rash (3.4%). The most common adverse reactions (≥20%) occurring in patients treated with KEYTRUDA in combination with enfortumab vedotin-ejfv were rash (68%), peripheral neuropathy (67%), fatigue (51%), pruritus (41%), diarrhea (38%), alopecia (35%), weight loss (33%), decreased appetite (33%), nausea (26%), constipation (26%), dry eye (24%), dysgeusia (21%), and urinary tract infection (21%).

In KEYNOTE-052, KEYTRUDA was discontinued due to adverse reactions in 11% of 370 patients with locally advanced or metastatic urothelial carcinoma. Serious adverse reactions occurred in 42% of patients; those ≥2% were urinary tract infection, hematuria, acute kidney injury, pneumonia, and urosepsis. The most common adverse reactions (≥20%) were fatigue (38%), musculoskeletal pain (24%), decreased appetite (22%), constipation (21%), rash (21%), and diarrhea (20%).

In KEYNOTE-045, KEYTRUDA was discontinued due to adverse reactions in 8% of 266 patients with locally advanced or metastatic urothelial carcinoma. The most common adverse reaction resulting in permanent discontinuation of KEYTRUDA was pneumonitis (1.9%). Serious adverse reactions occurred in 39% of KEYTRUDA-treated patients; those ≥2% were urinary tract infection, pneumonia, anemia, and pneumonitis. The most common adverse reactions (≥20%) in patients who received KEYTRUDA were fatigue (38%), musculoskeletal pain (32%), pruritus (23%), decreased appetite (21%), nausea (21%), and rash (20%).

In KEYNOTE-B15, the most common adverse reactions (≥20%) occurring in cisplatin-eligible patients with MIBC treated with KEYTRUDA in combination with enfortumab vedotin-ejfv (n=403) were rash (63%), fatigue (48%), pruritus (46%), peripheral neuropathy (43%), diarrhea (36%), alopecia (32%), decreased appetite (29%), nausea and dysgeusia (28% each), constipation (27%), urinary tract infection (UTI) and dry eye (25% each), weight loss (22%), and hyperglycemia (20%).

In the neoadjuvant phase of KEYNOTE-B15, serious adverse reactions occurred in 27% (n=403) of patients; the most frequent (≥1.5%) were rash (3.2%), pneumonitis/interstitial lung disease (ILD) (2.2%), and diarrhea (1.7%). Fatal adverse reactions occurred in 1.7% of patients, including multiple organ dysfunction syndrome (0.5%) and COVID-19 pneumonia, cardiac arrest, pneumonia, septic shock, and urosepsis (0.2% each). Additional fatal adverse reactions were reported in 2 patients in the post-surgery phase before adjuvant treatment started, including pneumonia and sepsis (1 patient each). Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 17% of patients. The most frequent (>1%) adverse reactions resulting in permanent discontinuation of KEYTRUDA were rash (2.2%), increased alanine aminotransferase (ALT) and pneumonitis/ILD (1.7% each), and hepatitis (1.2%).

Of the 403 patients in the KEYTRUDA in combination with enfortumab vedotin-ejfv arm who received neoadjuvant treatment, 13 patients (3.2%) did not receive surgery due to adverse reactions. The adverse reactions that led to cancellation of surgery were multiple organ dysfunction syndrome (0.5%) and adenocarcinoma of colon, COVID-19 pneumonia, cardiac arrest, chronic obstructive pulmonary disease, coronary artery disease, glomerulonephritis, immune-mediated lung disease, myocarditis, pneumonia, pneumonitis, and urosepsis (0.2% each).

Of the 351 patients who received neoadjuvant treatment with KEYTRUDA in combination with enfortumab vedotin-ejfv and underwent radical cystectomy, 26 patients (7%) experienced delay of surgery (defined as time from last neoadjuvant treatment to surgery exceeding 8 weeks) due to adverse reactions.

In the adjuvant phase of KEYNOTE-B15, serious adverse reactions occurred in 35% (n=249) of patients; the most frequent (≥1.5%) were UTI (8%), sepsis (2.8%), and diarrhea, hyperglycemia, and pneumonitis/ILD (1.6% each). Fatal adverse reactions occurred in 3.2% of patients, including death (0.8%) and cardiac arrest, duodenal ulcer perforation, acute pancreatitis, renal failure, small cell lung cancer, and toxic shock syndrome (0.4% each). Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 23% of patients; the most frequent (>1%) were diarrhea and pneumonitis/ILD (2.4% each), rash (2%), and hyperglycemia and sepsis (1.2% each).

In KEYNOTE-905, the most common adverse reactions (≥20%) occurring in cisplatin-ineligible patients with MIBC treated with KEYTRUDA in combination with enfortumab vedotin-ejfv (n=167) were rash (54%), pruritus (47%), fatigue (47%), peripheral neuropathy (39%), alopecia (35%), dysgeusia (35%), diarrhea (34%), constipation (28%), decreased appetite (28%), nausea (26%), UTI (24%), dry eye (21%), and weight loss (20%).

In the neoadjuvant phase of KEYNOTE-905, serious adverse reactions occurred in 27% (n=167) of patients; the most frequent (≥2%) were UTI (3.6%) and hematuria (2.4%). Fatal adverse reactions occurred in 1.2% of patients, including myasthenia gravis and toxic epidermal necrolysis (0.6% each). Additional fatal adverse reactions were reported in 2.7% of patients in the post-surgery phase before adjuvant treatment started, including sepsis and intestinal obstruction (1.4% each). Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 15% of patients; the most frequent (>1%) were rash (2.4%, including generalized exfoliative dermatitis) and increased ALT, increased aspartate aminotransferase, diarrhea, dysgeusia, and toxic epidermal necrolysis (1.2% each). Of the 167 patients in the KEYTRUDA in combination with enfortumab vedotin-ejfv arm who received neoadjuvant treatment, 7 patients (4.2%) did not receive surgery due to adverse reactions. The adverse reactions that led to cancellation of surgery were acute myocardial infarction, bile duct cancer, colon cancer, respiratory distress, UTI, and two deaths due to myasthenia gravis and toxic epidermal necrolysis (0.6% each).

Of the 146 patients who received neoadjuvant treatment with KEYTRUDA in combination with enfortumab vedotin-ejfv and underwent radical cystectomy, 6 patients (4.1%) experienced delay of surgery (defined as time from last neoadjuvant treatment to surgery exceeding 8 weeks) due to adverse reactions.

In the adjuvant phase of KEYNOTE-905, serious adverse reactions occurred in 45% (n=96) of patients; the most frequent (≥2%) were UTI (8%); acute kidney injury and pyelonephritis (5% each); urosepsis (4.2%); and hypokalemia, intestinal obstruction, and sepsis (2.1% each). Fatal adverse reactions occurred in 7% of patients, including urosepsis, intracranial hemorrhage, death, myocardial infarction, multiple organ dysfunction syndrome, and pseudomonal pneumonia (1% each). Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 29% of patients; the most frequent (>2%) were diarrhea (5%), peripheral neuropathy, acute kidney injury, and pneumonitis (2% each).

In KEYNOTE-057, KEYTRUDA was discontinued due to adverse reactions in 11% of 148 patients with high-risk NMIBC. The most common adverse reaction resulting in permanent discontinuation of KEYTRUDA was pneumonitis (1.4%). Serious adverse reactions occurred in 28% of patients; those ≥2% were pneumonia (3%), cardiac ischemia (2%), colitis (2%), pulmonary embolism (2%), sepsis (2%), and urinary tract infection (2%). The most common adverse reactions (≥20%) were fatigue (29%), diarrhea (24%), and rash (24%).

Adverse reactions occurring in patients with MSI-H or dMMR CRC were similar to those occurring in patients with melanoma or NSCLC who received KEYTRUDA as a monotherapy.

In KEYNOTE-158 and KEYNOTE-164, adverse reactions occurring in patients with MSI-H or dMMR cancer were similar to those occurring in patients with other solid tumors who received KEYTRUDA as a single agent.

In KEYNOTE-811, fatal adverse reactions occurred in 3 patients who received KEYTRUDA in combination with trastuzumab and CAPOX (capecitabine plus oxaliplatin) or FP (5-FU plus cisplatin) and included pneumonitis in 2 patients and hepatitis in 1 patient. KEYTRUDA was discontinued due to adverse reactions in 13% of 350 patients with locally advanced unresectable or metastatic HER2-positive gastric or GEJ adenocarcinoma. Adverse reactions resulting in permanent discontinuation of KEYTRUDA in ≥1% of patients were pneumonitis (2.0%) and pneumonia (1.1%). In the KEYTRUDA arm vs placebo, there was a difference of ≥5% incidence between patients treated with KEYTRUDA vs standard of care for diarrhea (53% vs 47%), rash (35% vs 28%), hypothyroidism (11% vs 5%), and pneumonia (11% vs 5%).

In KEYNOTE-859, when KEYTRUDA was administered in combination with fluoropyrimidine- and platinum-containing chemotherapy, serious adverse reactions occurred in 45% of 785 patients. Serious adverse reactions in >2% of patients included pneumonia (4.1%), diarrhea (3.9%), hemorrhage (3.9%), and vomiting (2.4%). Fatal adverse reactions occurred in 8% of patients who received KEYTRUDA, including infection (2.3%) and thromboembolism (1.3%). KEYTRUDA was permanently discontinued due to adverse reactions in 15% of patients. The most common adverse reactions resulting in permanent discontinuation of KEYTRUDA (≥1%) were infections (1.8%) and diarrhea (1.0%). The most common adverse reactions (reported in ≥20%) in patients receiving KEYTRUDA in combination with chemotherapy were peripheral neuropathy (47%), nausea (46%), fatigue (40%), diarrhea (36%), vomiting (34%), decreased appetite (29%), abdominal pain (26%), palmar-plantar erythrodysesthesia syndrome (25%), constipation (22%), and weight loss (20%).

In KEYNOTE-590, when KEYTRUDA was administered with cisplatin and fluorouracil to patients with metastatic or locally advanced esophageal or GEJ (tumors with epicenter 1 to 5 centimeters above the GEJ) carcinoma who were not candidates for surgical resection or definitive chemoradiation, KEYTRUDA was discontinued due to adverse reactions in 15% of 370 patients. The most common adverse reactions resulting in permanent discontinuation of KEYTRUDA (≥1%) were pneumonitis (1.6%), acute kidney injury (1.1%), and pneumonia (1.1%). The most common adverse reactions (≥20%) with KEYTRUDA in combination with chemotherapy were nausea (67%), fatigue (57%), decreased appetite (44%), constipation (40%), diarrhea (36%), vomiting (34%), stomatitis (27%), and weight loss (24%).

Adverse reactions occurring in patients with esophageal cancer who received KEYTRUDA as a monotherapy were similar to those occurring in patients with melanoma or NSCLC who received KEYTRUDA as a monotherapy.

In KEYNOTE-A18, when KEYTRUDA was administered with CRT (cisplatin plus external beam radiation therapy [EBRT] followed by brachytherapy [BT]) to patients with FIGO 2014 Stage III-IVA cervical cancer, fatal adverse reactions occurred in 1.4% of 294 patients, including 1 case each (0.3%) of large intestinal perforation, urosepsis, sepsis, and vaginal hemorrhage. Serious adverse reactions occurred in 34% of patients; those ≥1% included urinary tract infection (3.1%), urosepsis (1.4%), and sepsis (1%). KEYTRUDA was discontinued for adverse reactions in 9% of patients. The most common adverse reaction (≥1%) resulting in permanent discontinuation was diarrhea (1%). For patients treated with KEYTRUDA in combination with CRT, the most common adverse reactions (≥10%) were nausea (56%), diarrhea (51%), urinary tract infection (35%), vomiting (34%), fatigue (28%), hypothyroidism (23%), constipation (20%), weight loss (19%), decreased appetite (18%), pyrexia (14%), abdominal pain and hyperthyroidism (13% each), dysuria and rash (12% each), back and pelvic pain (11% each), and COVID-19 (10%).

In KEYNOTE-826, when KEYTRUDA was administered in combination with paclitaxel and cisplatin or paclitaxel and carboplatin, with or without bevacizumab (n=307), to patients with persistent, recurrent, or first-line metastatic cervical cancer regardless of tumor PD-L1 expression who had not been treated with chemotherapy except when used concurrently as a radio-sensitizing agent, fatal adverse reactions occurred in 4.6% of patients, including 3 cases of hemorrhage, 2 cases each of sepsis and due to unknown causes, and 1 case each of acute myocardial infarction, autoimmune encephalitis, cardiac arrest, cerebrovascular accident, femur fracture with perioperative pulmonary embolus, intestinal perforation, and pelvic infection. Serious adverse reactions occurred in 50% of patients receiving KEYTRUDA in combination with chemotherapy with or without bevacizumab; those ≥3% were febrile neutropenia (6.8%), urinary tract infection (5.2%), anemia (4.6%), and acute kidney injury and sepsis (3.3% each).

KEYTRUDA was discontinued in 15% of patients due to adverse reactions. The most common adverse reaction resulting in permanent discontinuation (≥1%) was colitis (1%).

For patients treated with KEYTRUDA, chemotherapy, and bevacizumab (n=196), the most common adverse reactions (≥20%) were peripheral neuropathy (62%), alopecia (58%), anemia (55%), fatigue/asthenia (53%), nausea and neutropenia (41% each), diarrhea (39%), hypertension and thrombocytopenia (35% each), constipation and arthralgia (31% each), vomiting (30%), urinary tract infection (27%), rash (26%), leukopenia (24%), hypothyroidism (22%), and decreased appetite (21%).

For patients treated with KEYTRUDA in combination with chemotherapy with or without bevacizumab, the most common adverse reactions (≥20%) were peripheral neuropathy (58%), alopecia (56%), fatigue (47%), nausea (40%), diarrhea (36%), constipation (28%), arthralgia (27%), vomiting (26%), hypertension and urinary tract infection (24% each), and rash (22%).

In KEYNOTE-158, KEYTRUDA was discontinued due to adverse reactions in 8% of 98 patients with previously treated recurrent or metastatic cervical cancer. Serious adverse reactions occurred in 39% of patients receiving KEYTRUDA; the most frequent included anemia (7%), fistula, hemorrhage, and infections [except urinary tract infections] (4.1% each). The most common adverse reactions (≥20%) were fatigue (43%), musculoskeletal pain (27%), diarrhea (23%), pain and abdominal pain (22% each), and decreased appetite (21%).

In KEYNOTE-394, KEYTRUDA was discontinued due to adverse reactions in 13% of 299 patients with previously treated hepatocellular carcinoma. The most common adverse reaction resulting in permanent discontinuation of KEYTRUDA was ascites (2.3%). The most common adverse reactions in patients receiving KEYTRUDA (≥10%) were pyrexia (18%), rash (18%), diarrhea (16%), decreased appetite (15%), pruritus (12%), upper respiratory tract infection (11%), cough (11%), and hypothyroidism (10%).

In KEYNOTE-966, when KEYTRUDA was administered in combination with gemcitabine and cisplatin, KEYTRUDA was discontinued for adverse reactions in 15% of 529 patients with locally advanced unresectable or metastatic biliary tract cancer. The most common adverse reaction resulting in permanent discontinuation of KEYTRUDA (≥1%) was pneumonitis (1.3%). Adverse reactions leading to the interruption of KEYTRUDA occurred in 55% of patients. The most common adverse reactions or laboratory abnormalities leading to interruption of KEYTRUDA (≥2%) were decreased neutrophil count (18%), decreased platelet count (10%), anemia (6%), decreased white blood cell count (4%), pyrexia (3.8%), fatigue (3.0%), cholangitis (2.8%), increased ALT (2.6%), increased AST (2.5%), and biliary obstruction (2.3%).

In KEYNOTE-017 and KEYNOTE-913, adverse reactions occurring in patients with MCC (n=105) were generally similar to those occurring in patients with melanoma or NSCLC who received KEYTRUDA as a single agent.

In KEYNOTE-426, when KEYTRUDA was administered in combination with axitinib, fatal adverse reactions occurred in 3.3% of 429 patients. Serious adverse reactions occurred in 40% of patients, the most frequent (≥1%) were hepatotoxicity (7%), diarrhea (4.2%), acute kidney injury (2.3%), dehydration (1%), and pneumonitis (1%). Permanent discontinuation due to an adverse reaction occurred in 31% of patients; KEYTRUDA only (13%), axitinib only (13%), and the combination (8%); the most common were hepatotoxicity (13%), diarrhea/colitis (1.9%), acute kidney injury (1.6%), and cerebrovascular accident (1.2%). The most common adverse reactions (≥20%) were diarrhea (56%), fatigue/asthenia (52%), hypertension (48%), hepatotoxicity (39%), hypothyroidism (35%), decreased appetite (30%), palmar-plantar erythrodysesthesia (28%), nausea (28%), stomatitis/mucosal inflammation (27%), dysphonia (25%), rash (25%), cough (21%), and constipation (21%).

In KEYNOTE-564, when KEYTRUDA was administered as a single agent for the adjuvant treatment of renal cell carcinoma, serious adverse reactions occurred in 20% of patients receiving KEYTRUDA; the serious adverse reactions (≥1%) were acute kidney injury, adrenal insufficiency, pneumonia, colitis, and diabetic ketoacidosis (1% each). Fatal adverse reactions occurred in 0.2% including 1 case of pneumonia. Discontinuation of KEYTRUDA due to adverse reactions occurred in 21% of 488 patients; the most common (≥1%) were increased ALT (1.6%), colitis (1%), and adrenal insufficiency (1%). The most common adverse reactions (≥20%) were musculoskeletal pain (41%), fatigue (40%), rash (30%), diarrhea (27%), pruritus (23%), and hypothyroidism (21%).

In KEYNOTE-868, when KEYTRUDA was administered in combination with chemotherapy (paclitaxel and carboplatin) to patients with advanced or recurrent endometrial carcinoma (n=382), serious adverse reactions occurred in 35% of patients receiving KEYTRUDA in combination with chemotherapy, compared to 19% of patients receiving placebo in combination with chemotherapy (n=377). Fatal adverse reactions occurred in 1.6% of patients receiving KEYTRUDA in combination with chemotherapy, including COVID-19 (0.5%) and cardiac arrest (0.3%). KEYTRUDA was discontinued for an adverse reaction in 14% of patients. Adverse reactions occurring in patients treated with KEYTRUDA and chemotherapy were generally similar to those observed with KEYTRUDA alone or chemotherapy alone, with the exception of rash (33% all Grades; 2.9% Grades 3-4).

Adverse reactions occurring in patients with MSI-H or dMMR endometrial carcinoma who received KEYTRUDA as a single agent were similar to those occurring in patients with melanoma or NSCLC who received KEYTRUDA as a single agent.

Adverse reactions occurring in patients with recurrent or metastatic cSCC or locally advanced cSCC were similar to those occurring in patients with melanoma or NSCLC who received KEYTRUDA as a monotherapy.

In KEYNOTE-522, when KEYTRUDA was administered with neoadjuvant chemotherapy (carboplatin and paclitaxel followed by doxorubicin or epirubicin and cyclophosphamide) followed by surgery and continued adjuvant treatment with KEYTRUDA as a single agent (n=778) to patients with newly diagnosed, previously untreated, high-risk early-stage TNBC, fatal adverse reactions occurred in 0.9% of patients, including 1 each of adrenal crisis, autoimmune encephalitis, hepatitis, pneumonia, pneumonitis, pulmonary embolism, and sepsis in association with multiple organ dysfunction syndrome and myocardial infarction. Serious adverse reactions occurred in 44% of patients receiving KEYTRUDA; those ≥2% were febrile neutropenia (15%), pyrexia (3.7%), anemia (2.6%), and neutropenia (2.2%). KEYTRUDA was discontinued in 20% of patients due to adverse reactions. The most common reactions (≥1%) resulting in permanent discontinuation were increased ALT (2.7%), increased AST (1.5%), and rash (1%). The most common adverse reactions (≥20%) in patients receiving KEYTRUDA with chemotherapy followed by KEYTRUDA alone were fatigue (70%), nausea (67%), alopecia (61%), rash (52%), constipation (42%), diarrhea and peripheral neuropathy (41% each), stomatitis (34%), vomiting (31%), headache (30%), arthralgia (29%), pyrexia (28%), cough (26%), abdominal pain (24%), decreased appetite (23%), insomnia (21%), and myalgia (20%).

In KEYNOTE-D19, when KEYTRUDA was administered in combination with sacituzumab govitecan-hziy to patients with unresectable locally advanced or metastatic TNBC who had not been previously treated with systemic therapy for advanced disease and whose tumors express PD-L1 (n=221), fatal adverse reactions occurred in 3.2% of patients, including death due to unknown cause (0.9%), completed suicide, neutropenic sepsis, sepsis, pneumonia, and pulmonary embolism (0.5% each).

Serious adverse reactions occurred in 38% of patients receiving KEYTRUDA in combination with sacituzumab govitecan-hziy. Serious adverse reactions in ≥2% of patients were febrile neutropenia (7%), neutropenia (6%), diarrhea (5%), fatigue and pneumonia (2.3% each).

Permanent discontinuation of KEYTRUDA due to an adverse reaction occurred in 9% of patients. The adverse reactions which resulted in permanent discontinuation of KEYTRUDA most commonly (≥1%) were pneumonitis and rash (1.4% each).

Dosage interruptions of KEYTRUDA due to adverse reactions occurred in 67% of patients. Adverse reactions which required dosage interruption in ≥2% of patients included neutropenia (36%), diarrhea (7%), upper respiratory tract infection (4.5%), anemia (4.1%), fatigue (4.1%), increased alanine aminotransferase (ALT) (3.2%), cough, leukopenia, nausea, pyrexia, rash, vomiting (2.7% each), and COVID-19 (2.3%).

The most common (≥25%) adverse reactions, including laboratory abnormalities, occurring in patients treated with KEYTRUDA in combination with sacituzumab govitecan-hziy were decreased neutrophil count and decreased hemoglobin (86% each), decreased leukocyte count (84%), diarrhea (72%), nausea (68%), decreased lymphocyte count (61%), fatigue (58%), alopecia (52%), increased alkaline phosphatase and increased glucose (50% each), increased ALT (47%), constipation (41%), increased aspartate aminotransferase (40%), rash (37%), decreased potassium (35%), increased lactate dehydrogenase (34%), vomiting (29%), abdominal pain, headache, increased eosinophils (26% each), and decreased albumin (25%).

In KEYNOTE-355, when KEYTRUDA and chemotherapy (paclitaxel, paclitaxel protein-bound, or gemcitabine and carboplatin) were administered to patients with locally recurrent unresectable or metastatic TNBC who had not been previously treated with chemotherapy in the metastatic setting (n=596), fatal adverse reactions occurred in 2.5% of patients, including cardio-respiratory arrest (0.7%) and septic shock (0.3%). Serious adverse reactions occurred in 30% of patients receiving KEYTRUDA in combination with chemotherapy; the serious reactions in ≥2% were pneumonia (2.9%), anemia (2.2%), and thrombocytopenia (2%). KEYTRUDA was discontinued in 11% of patients due to adverse reactions. The most common reactions resulting in permanent discontinuation (≥1%) were increased ALT (2.2%), increased AST (1.5%), and pneumonitis (1.2%). The most common adverse reactions (≥20%) in patients receiving KEYTRUDA in combination with chemotherapy were fatigue (48%), nausea (44%), alopecia (34%), diarrhea and constipation (28% each), vomiting and rash (26% each), cough (23%), decreased appetite (21%), and headache (20%).

In KEYNOTE-B96, when KEYTRUDA was administered in combination with paclitaxel, with or without bevacizumab, serious adverse reactions occurred in 54% of patients. Serious adverse reactions in ≥2% of patients were pneumonia (4.3%), urinary tract infection (3.9%), adrenal insufficiency (3%), hyponatremia (3%), COVID-19, decreased neutrophil count, pulmonary embolism (2.6% each), abdominal pain, anemia, colitis, diarrhea, febrile neutropenia, pyrexia, and vomiting (2.1% each).

Fatal adverse reactions occurred in 3.9% of patients receiving KEYTRUDA and paclitaxel, with or without bevacizumab, including assisted suicide (0.9%), death, intestinal perforation, sepsis, COVID-19, cardio-respiratory arrest, colitis, and embolic stroke (0.4% each).

KEYTRUDA was permanently discontinued for adverse reactions in 16% of patients. The most common adverse reactions resulting in permanent discontinuation of KEYTRUDA (≥1%) were colitis and increased alanine aminotransferase (1.3% each). Adverse reactions leading to the interruption of KEYTRUDA occurred in 44% of patients. The most common adverse reactions leading to interruption of KEYTRUDA in ≥2% were urinary tract infection (3.9%), adrenal insufficiency, pyrexia, pneumonitis, upper respiratory tract infection (2.6% each), neutropenia, diarrhea, and COVID-19 (2.1% each).

The most common adverse reactions (≥20%) for patients treated with KEYTRUDA in combination with paclitaxel, with or without bevacizumab, were diarrhea (45%), fatigue (43%), nausea (41%), alopecia, peripheral neuropathy (38% each), epistaxis (31%), urinary tract infection (27%), constipation (25%), abdominal pain, decreased appetite, vomiting (24% each), hypothyroidism (21%), cough, hypertension, and rash (20% each).

For patients treated with KEYTRUDA in combination with paclitaxel and bevacizumab (N=169), decreased white blood cell count (27%), stomatitis (22%), and pyrexia (21%) were also reported as adverse reactions.

Lactation

Because of the potential for serious adverse reactions in breastfed children, advise women not to breastfeed during treatment and for 4 months after the last dose.

Pediatric Use

In KEYNOTE-051, 173 pediatric patients (65 pediatric patients aged 6 months to younger than 12 years and 108 pediatric patients aged 12 years to 17 years) were administered KEYTRUDA 2 mg/kg every 3 weeks. The median duration of exposure was 2.1 months (range: 1 day to 25 months).

Adverse reactions that occurred at a ≥10% higher rate in pediatric patients when compared to adults were pyrexia (33%), leukopenia (30%), vomiting (29%), neutropenia (28%), headache (25%), abdominal pain (23%), thrombocytopenia (22%), Grade 3 anemia (17%), decreased lymphocyte count (13%), and decreased white blood cell count (11%).

Geriatric Use

Of the 564 patients with locally advanced or metastatic urothelial cancer treated with KEYTRUDA in combination with enfortumab vedotin-ejfv, 44% (n=247) were 65-74 years and 26% (n=144) were 75 years or older. No overall differences in effectiveness were observed between patients 65 years of age or older and younger patients. Patients 75 years of age or older treated with KEYTRUDA in combination with enfortumab vedotin-ejfv experienced a higher incidence of fatal adverse reactions than younger patients. The incidence of fatal adverse reactions was 4% in patients younger than 75 and 7% in patients 75 years or older.

Of the 570 patients with MIBC treated with KEYTRUDA in combination with enfortumab vedotin-ejfv, 45% (n=259) were 65-74 years and 22% (n=125) were 75 years or older. No overall differences in effectiveness were observed between patients 65 years of age or older and younger patients. Patients 75 years of age or older treated with KEYTRUDA in combination with enfortumab vedotin-ejfv experienced a higher incidence of fatal adverse reactions than younger patients. The incidence of fatal adverse reactions was 3.6% in patients younger than 75 and 11% in patients 75 years or older.

Of 221 adult patients with TNBC who were treated with KEYTRUDA in combination with sacituzumab govitecan-hziy in KEYNOTE-D19, 26% of patients were 65 years and over and 5% were 75 years and older. No overall differences in effectiveness were observed between elderly patients and younger patients. There was a higher rate of serious adverse reactions in patients aged 65 years or older (48%) compared with younger adult patients (34%).

Additional Selected Indications in the U.S. for KEYTRUDA

Non-Small Cell Lung Cancer

KEYTRUDA, in combination with pemetrexed and platinum chemotherapy, is indicated for the first-line treatment of patients with metastatic nonsquamous non-small cell lung cancer (NSCLC), with no EGFR or ALK genomic tumor aberrations.

KEYTRUDA, in combination with carboplatin and either paclitaxel or paclitaxel protein-bound, is indicated for the first-line treatment of patients with metastatic squamous NSCLC.

KEYTRUDA, as a single agent, is indicated for the first-line treatment of patients with NSCLC expressing PD-L1 [Tumor Proportion Score (TPS) ≥1%] as determined by an FDA-authorized test, with no EGFR or ALK genomic tumor aberrations, and is:

Stage III where patients are not candidates for surgical resection or definitive chemoradiation, ormetastatic.KEYTRUDA, as a single agent, is indicated for the treatment of patients with metastatic NSCLC whose tumors express PD-L1 (TPS ≥1%) as determined by an FDA-authorized test, with disease progression on or after platinum-containing chemotherapy. Patients with EGFR or ALK genomic tumor aberrations should have disease progression on FDA-approved therapy for these aberrations prior to receiving KEYTRUDA.

KEYTRUDA is indicated for the treatment of patients with resectable (tumors ≥4 cm or node positive) NSCLC in combination with platinum-containing chemotherapy as neoadjuvant treatment, and then continued as a single agent as adjuvant treatment after surgery.

KEYTRUDA, as a single agent, is indicated as adjuvant treatment following resection and platinum-based chemotherapy for adult patients with Stage IB (T2a ≥4 cm), II, or IIIA NSCLC.

Malignant Pleural Mesothelioma

KEYTRUDA, in combination with pemetrexed and platinum chemotherapy, is indicated for the first-line treatment of adult patients with unresectable advanced or metastatic malignant pleural mesothelioma (MPM).

Head and Neck Squamous Cell Cancer

KEYTRUDA is indicated for the treatment of adult patients with resectable locally advanced head and neck squamous cell carcinoma (HNSCC) whose tumors express PD-L1 [Combined Positive Score (CPS) ≥1] as determined by an FDA-authorized test, as a single agent as neoadjuvant treatment, continued as adjuvant treatment in combination with radiotherapy (RT) with or without cisplatin and then as a single agent.

KEYTRUDA, in combination with platinum and fluorouracil (FU), is indicated for the first-line treatment of patients with metastatic or with unresectable, recurrent HNSCC.

KEYTRUDA, as a single agent, is indicated for the first-line treatment of patients with metastatic or with unresectable, recurrent HNSCC whose tumors express PD-L1 (CPS ≥1) as determined by an FDA-authorized test.

KEYTRUDA, as a single agent, is indicated for the treatment of patients with recurrent or metastatic HNSCC with disease progression on or after platinum-containing chemotherapy.

Classical Hodgkin Lymphoma

KEYTRUDA is indicated for the treatment of adult patients with relapsed or refractory classical Hodgkin lymphoma (cHL).

KEYTRUDA is indicated for the treatment of pediatric patients with refractory cHL, or cHL that has relapsed after 2 or more lines of therapy.

Primary Mediastinal Large B-Cell Lymphoma

KEYTRUDA is indicated for the treatment of adult and pediatric patients with refractory primary mediastinal large B-cell lymphoma (PMBCL), or who have relapsed after 2 or more prior lines of therapy. KEYTRUDA is not recommended for treatment of patients with PMBCL who require urgent cytoreductive therapy.

Urothelial Cancer

KEYTRUDA, in combination with enfortumab vedotin-ejfv, is indicated for the treatment of adult patients with locally advanced or metastatic urothelial cancer.

KEYTRUDA, as a single agent, is indicated for the treatment of patients with locally advanced or metastatic urothelial carcinoma:

who are not eligible for any platinum-containing chemotherapy, orwho have disease progression during or following platinum-containing chemotherapy or within 12 months of neoadjuvant or adjuvant treatment with platinum-containing chemotherapy.KEYTRUDA, in combination with enfortumab vedotin-ejfv, as neoadjuvant treatment and then continued after cystectomy as adjuvant treatment, is indicated for the treatment of adult patients with muscle invasive bladder cancer (MIBC).

KEYTRUDA, as a single agent, is indicated for the treatment of patients with Bacillus Calmette-Guerin (BCG)-unresponsive, high-risk, non-muscle invasive bladder cancer (NMIBC) with carcinoma in situ (CIS) with or without papillary tumors who are ineligible for or have elected not to undergo cystectomy.

Microsatellite Instability-High or Mismatch Repair Deficient Cancer

KEYTRUDA is indicated for the treatment of adult and pediatric patients with unresectable or metastatic microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) solid tumors, as determined by an FDA-authorized test, that have progressed following prior treatment and who have no satisfactory alternative treatment options.

Microsatellite Instability-High or Mismatch Repair Deficient Colorectal Cancer

KEYTRUDA is indicated for the treatment of patients with unresectable or metastatic MSI-H or dMMR colorectal cancer (CRC) as determined by an FDA-authorized test.

Gastric Cancer

KEYTRUDA, in combination with trastuzumab, fluoropyrimidine- and platinum-containing chemotherapy, is indicated for the first-line treatment of adults with locally advanced unresectable or metastatic HER2-positive gastric or gastroesophageal junction (GEJ) adenocarcinoma whose tumors express PD-L1 (CPS ≥1) as determined by an FDA-authorized test.

KEYTRUDA, in combination with fluoropyrimidine- and platinum-containing chemotherapy, is indicated for the first-line treatment of adults with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma whose tumors express PD-L1 (CPS ≥ 1) as determined by an FDA-authorized test.

Esophageal Cancer

KEYTRUDA is indicated for the treatment of patients with locally advanced or metastatic esophageal or gastroesophageal junction (GEJ) (tumors with epicenter 1 to 5 centimeters above the GEJ) carcinoma that is not amenable to surgical resection or definitive chemoradiation either:

in combination with platinum- and fluoropyrimidine-based chemotherapy for patients with tumors that express PD-L1 (CPS ≥1) as determined by an FDA-authorized test, oras a single agent after one or more prior lines of systemic therapy for patients with tumors of squamous cell histology that express PD-L1 (CPS ≥10) as determined by an FDA-authorized test.Cervical Cancer

KEYTRUDA, in combination with chemoradiotherapy (CRT), is indicated for the treatment of patients with locally advanced cervical cancer involving the lower third of the vagina, with or without extension to pelvic sidewall, or hydronephrosis/non-functioning kidney, or spread to adjacent pelvic organs (FIGO 2014 Stage III-IVA).

KEYTRUDA, in combination with chemotherapy, with or without bevacizumab, is indicated for the treatment of patients with persistent, recurrent, or metastatic cervical cancer whose tumors express PD-L1 (CPS ≥1) as determined by an FDA-authorized test.

KEYTRUDA, as a single agent, is indicated for the treatment of patients with recurrent or metastatic cervical cancer with disease progression on or after chemotherapy whose tumors express PD-L1 (CPS ≥1) as determined by an FDA-authorized test.

Hepatocellular Carcinoma

KEYTRUDA is indicated for the treatment of patients with hepatocellular carcinoma (HCC) secondary to hepatitis B who have received prior systemic therapy other than a PD-1/PD-L1-containing regimen.

Biliary Tract Cancer

KEYTRUDA, in combination with gemcitabine and cisplatin, is indicated for the treatment of patients with locally advanced unresectable or metastatic biliary tract cancer (BTC).

Merkel Cell Carcinoma

KEYTRUDA is indicated for the treatment of adult and pediatric patients with recurrent locally advanced or metastatic Merkel cell carcinoma (MCC).

Renal Cell Carcinoma

KEYTRUDA, in combination with axitinib, is indicated for the first-line treatment of adult patients with advanced renal cell carcinoma (RCC).

KEYTRUDA is indicated for the adjuvant treatment of patients with RCC at intermediate-high or high risk of recurrence following nephrectomy, or following nephrectomy and resection of metastatic lesions.

Endometrial Carcinoma

KEYTRUDA, in combination with carboplatin and paclitaxel, followed by KEYTRUDA as a single agent, is indicated for the treatment of adult patients with primary advanced or recurrent endometrial carcinoma.

KEYTRUDA, as a single agent, is indicated for the treatment of adult patients with advanced endometrial carcinoma that is MSI-H or dMMR, as determined by an FDA-authorized test, who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation.

Cutaneous Squamous Cell Carcinoma

KEYTRUDA is indicated for the treatment of patients with recurrent or metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC that is not curable by surgery or radiation.

Triple-Negative Breast Cancer

KEYTRUDA is indicated for the treatment of patients with high-risk early-stage triple-negative breast cancer (TNBC) in combination with chemotherapy as neoadjuvant treatment, and then continued as a single agent as adjuvant treatment after surgery.

KEYTRUDA, in combination with sacituzumab govitecan-hziy, is indicated for the first-line treatment of adult patients with unresectable locally advanced or metastatic TNBC whose tumors express PD-L1 (CPS ≥10) as determined by an FDA-authorized test.

KEYTRUDA, in combination with chemotherapy, is indicated for the treatment of patients with locally recurrent unresectable or metastatic TNBC whose tumors express PD-L1 (CPS ≥10) as determined by an FDA-authorized test.

Ovarian Cancer

KEYTRUDA, in combination with paclitaxel, with or without bevacizumab, is indicated for the treatment of adult patients with platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal carcinoma whose tumors express PD-L1 (CPS ≥1) as determined by an FDA-authorized test, and who have received one or two prior systemic treatment regimens.

Merck’s focus on cancer

Every day, we follow the science as we work to discover innovations that can help patients, no matter what stage of cancer they have. As a leading oncology company, we are pursuing research where scientific opportunity and medical need converge, underpinned by our diverse pipeline of more than 20 novel mechanisms. With one of the largest clinical development programs across more than 25 tumor types, we strive to advance breakthrough science that will shape the future of oncology. By addressing barriers to clinical trial participation, screening and treatment, we work with urgency to reduce disparities and help ensure patients have access to high-quality cancer care. Our unwavering commitment is what will bring us closer to our goal of bringing life to more patients with cancer. For more information, visit https://www.merck.com/research/oncology/.

About Merck

At Merck, known as MSD outside of the United States and Canada, we are unified around our purpose: We use the power of leading-edge science to save and improve lives around the world. For more than 130 years, we have brought hope to humanity through the development of important medicines and vaccines. We aspire to be the premier research-intensive biopharmaceutical company in the world – and today, we are at the forefront of research to deliver innovative health solutions that advance the prevention and treatment of diseases in people and animals. We foster a diverse and inclusive global workforce and operate responsibly every day to enable a safe, sustainable and healthy future for all people and communities. For more information, visit www.merck.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.

About Moderna

Moderna is a pioneer and leader in the field of mRNA medicine. Through the advancement of its technology platform, Moderna is reimagining how medicines are made to transform how we treat and prevent diseases. Since its founding, Moderna’s mRNA platform has enabled the development of vaccines and therapeutics across infectious diseases, cancer, rare diseases and more.

With a global team and a unique culture, driven by the company’s values and mindsets, Moderna’s mission is to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X, Facebook, Instagram, YouTube and LinkedIn.

Moderna's focus on cancer

At Moderna, we are delivering on the promise of mRNA science to create a new generation of transformative medicines for patients. We are relentlessly working to grow our cancer therapeutic modality by discovering mRNA medicines that harness the body's immune system to identify and kill cancer cells in the same way the immune system identifies and targets infections. One example of a promising oncology candidate is the creation of individualized, mRNA-based cancer therapies. We also continue to strengthen our portfolio through strategic collaborations that increase our potential to improve treatment options for patients with cancer.

Forward-Looking Statement of Merck & Co., Inc., Rahway, N.J., USA

This news release of Merck & Co., Inc., Rahway, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. There can be no guarantees with respect to pipeline candidates that the candidates will receive the necessary regulatory approvals or that they will prove to be commercially successful. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

Moderna Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: engagement with regulatory authorities; the favorable trend in overall survival data; further evaluation of overall survival and other key endpoints; the potential for treating patients with earlier-stage melanoma in the adjuvant setting; the potential of intismeran in other tumor types and across settings; the curative potential of intismeran in combination with KEYTRUDA; the potential of mRNA for the treatment of cancer and other serious diseases; efficacy and safety; and the advancement of the INTerpath clinical development plan, including nine current Phase 2 and Phase 3 clinical trials. In some cases, forward-looking statements can be identified by terminology such as "will," "may," "should," "could," "expects," "intends," "plans," "aims," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna's current expectations and speak only as of the date of this press release.

Please see Prescribing Information for KEYTRUDA at https://www.merck.com/product/usa/pi_circulars/k/keytruda/keytruda_pi.pdf and Patient Information/Medication Guide for KEYTRUDA at https://www.merck.com/product/usa/pi_circulars/k/keytruda/keytruda_mg.pdf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261022568161/en/
2026-10-22 20:15 7d ago
2026-10-22 13:31 8d ago
Cisco a NVIDIA chystají modul pro datacentra s AI
CSCO Cisco
FMP Stock News 88
Original source text
Cisco and NVIDIA's planned USFP module aims to quadruple bandwidth density within an OSFP-sized footprint. Summary

Cisco’s optics roadmap targets bandwidth density, but standardization and shipment timing remain open.

Cisco, a networking and security vendor CSCO, outlined plans with Nvidia for faster optical connections in AI data centers; shares traded at $103.885, down approximately 3.15%, around 11:40 a.m. ET Thursday. The pitch is straightforward: move more data through the same equipment footprint while using less energy per bit. For AI operators wrestling with power limits, that could matter as much as adding more chips.

The proposed USFP module targets 400 gigabits per second per lane and capacity of up to 12.8 terabits per second. According to Cisco's announcement, the design promises four times the bandwidth density and approximately 1.3 times the power efficiency of 200-gigabit-per-lane alternatives. TE Connectivity and Amphenol are helping develop the hardware ecosystem. The potential payoff: connect more computing equipment without piling on extra network layers, electricity demand and complexity.

The valuation leaves little room for a slow rollout. The GF Value comparison puts Cisco 37.45% above its $75.58 estimated fair value, suggesting investors already expect substantial growth. An open specification and multiple suppliers could help adoption, but plans still need to become products customers deploy. Watch production availability, customer uptake and revenue conversion. Better specifications strengthen the AI story. Commercial execution determines how much that story is worth.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure
2026-10-22 20:13 7d ago
2026-10-22 13:47 8d ago
Genuine Parts zvýšila tržby, čistý zisk klesl
GPC Genuine Parts Company
FMP Stock News 88
Original source text
Since 2020, around 1 million prospective new car buyers have left the market and aren't expected to return any time soon, according to The Wall Street Journal.

Before 2020, Americans were buying roughly 17 million cars and trucks per year, but that number is expected to be 16 million or fewer this year; analysts don't foresee those totals reaching 17 million again until the end of the decade or later. Stubborn inflation, high interest rates, and fuel costs have joined forces to keep more buyers on the sidelines, a concern for automakers.

That said, that dynamic can also be a boon for certain companies as more people hold on to their vehicles longer and pay for repairs rather than opting for a new vehicle. One company in particular that can benefit from that dynamic is Genuine Parts (GPC +2.52%).

Image source: Getty Images.

The beneficiary of sluggish new car sales
Genuine Parts is a global provider of automotive accessories, replacement parts, and solutions. The name may not sound familiar to some, but what's more familiar is its NAPA Auto Parts brand, which includes just under 6,000 company-owned and independently owned NAPA stores in the United States.

Those stores offer everything from batteries to brakes to motor oil. Through its auto care centers, NAPA also provides brake services, oil changes, transmission repairs, and more. Essentially, it genuinely helps keep cars and trucks on the roads longer as new car purchases are being delayed.

GPC Genuine Parts$127.93+$3.15 (+2.52%)

NYSE · As of 3:56 PM ET 10/22/26

Earnings results and a spinoff
On Oct. 20, Genuine reported its 2026 third-quarter earnings results, which the market did not care for. Revenue was $6.5 billion, a 4.2% increase from the prior-year period, while net income was $224 million, a decline of 0.9%. The stock price dropped 6.6% on the day, but there's a reason this may have created an opportunity for more aggressive investors.

In addition to its automotive division, Genuine has an industrial division that provides replacement parts and original equipment components under the Motion brand. To focus each segment of the company on what it does best, however, Genuine will separate its automotive and industrial divisions; the spinoff is expected to be finalized in the first quarter of 2027.

Focusing solely on the automotive sector can enable the automotive group to maintain a stronger focus, make faster decisions, and redeploy earnings directly back into its business.

The long-term plan
A $2,500 investment today could turn into meaningfully more, but there's no near-term forecast to offer, as current one-year price targets are still based on the company as a whole. This would be an investment for those considering holding the shares for years, as it will take time for the automotive division to show what it can do on its own, and markets will need some time to digest how to value the company after its split.

That said, as Genuine can benefit from fewer new cars being sold and from a renewed strategic focus through the upcoming spinoff, the catalysts are in place to make an investment today more valuable in the years ahead. As a bonus, the spinoff could also benefit the industrial division, and shareholders will receive a stake in it when the auto and industrial segments separate.
2026-10-22 20:11 7d ago
2026-10-22 15:26 7d ago
BDX zvýšila výhled upraveného EPS pro rok 2026
BDX Becton Dickinson
FMP Stock News 88
Original source text
Key Takeaways BD shares have surged 25.5% in six months, fueled by portfolio reshaping and growth across platforms.BDX raised its fiscal 2026 EPS outlook as strong free cash flow supported $3.1 billion in shareholder returns.BD's product launches, clinical milestones and U.S. investment plan bolster growth despite tariff pressures.
Shares of Becton, Dickinson and Company (BDX - Free Report) , popularly known as BD, have gained 25.5% over the past six months, while its industry has advanced 17.6%. The stock's upward momentum is supported by improved execution after BD’s portfolio realignment, strength in high-growth businesses, and continued product innovation and clinical progress. Stronger shareholder returns and a new U.S. manufacturing agreement have further reinforced the investment case.

BDX is also scheduled to report fourth-quarter fiscal 2026 results on Nov. 5. The company is expected to beat on earnings with an Earnings ESP of 0.21%. Its earnings per share (EPS) estimate suggests 2.5% year-over-year growth despite a projected 13% decline in sales.

Image Source: Zacks Investment Research

Factors Supporting BDX’s RallyA Focused Portfolio and Improving Earnings Visibility: BD’s third-quarter fiscal 2026 results provided fundamental support for the stock’s upward momentum.In its first full quarter of operations as “New BD” following the separation of its Life Sciences business, the company reported revenues of $5 billion, up 4.4%, while adjusted EPS of $3.23 surpassed expectations.

More than 90% of its portfolio delivered high-single-digit growth, while biologic drug delivery, advanced patient monitoring, PureWick and advanced tissue regeneration recorded double-digit growth.

The diversified portfolio matters because the company is increasingly relying on platforms operating in faster-growing markets rather than depending solely on mature medical supplies. Management raised its full-year adjusted EPS guidance to $12.62-$12.72, increasing the midpoint, while anticipating revenue growth near the upper end of its low-single-digit projection.

Year-to-date free cash flow reached $1.7 billion, up 45%, enabling BD to return approximately $3.1 billion to shareholders through repurchases and dividends. Improving execution, stronger earnings visibility and capital returns likely supported investor confidence.

Product Innovation Expands Commercial Opportunities: BD’s commercial initiatives have broadened the potential growth contribution from its portfolio. In May, the Wellstar Health System partnership linked Pyxis Pro dispensing technology with Alaris infusion systems, advancing connected medication management. Later that month, BD introduced the Elyra Thulium Fiber Laser System, expanding its urology portfolio.

In June, the CentroVena One insertion system received a Vizient Innovative Technology contract, potentially improving access to hospitals through a major purchasing network. In July, BD and EMS launched a semaglutide therapy in Brazil using BD’s Vystra injection pen, linking BD’s drug-delivery technology with expanding GLP-1 demand.

In September, BD reached a commercialization milestone when Fairview Health Services became the first U.S. health system to deploy its Vmax 160 pharmacy automation robot. Together, these developments support a more diversified growth narrative across drug delivery, procedural care and automation.

Clinical Progress and U.S. Manufacturing Strengthen the Outlook: BD also advanced its longer-term innovation pipeline. In August, enrollment was completed in the PREVENT trial, which evaluates Phasix Mesh for incisional hernia prevention. Later that month, the STANCE trial reached its first enrollment milestone for the GalaFLEX LITE scaffold, triggering an interim analysis. These milestones expand the evidence base for advanced tissue regeneration, although clinical and commercial outcomes are yet to be established.

In October, BD announced a major partnership with the U.S. government, outlining $19 billion in planned domestic investments over several years, including $3 billion toward manufacturing expansion. The agreement also offers potential relief from certain future Section 232 tariffs, contingent on implementation and the achievement of specified milestones. The following day, positive nine-month results from the AGILITY trial of the Revello vascular covered stent provided further clinical support for BD’s peripheral vascular pipeline. Together, these manufacturing and clinical developments could strengthen the company’s long-term growth prospects.

Concerns for BDXDespite the positive momentum, BD continues to face execution risks and macroeconomic challenges. Management noted that tariff-related costs weighed on third-quarter adjusted operating margin by approximately 130 basis points, while expenses associated with resin, plastics and freight could remain volatile. Alaris remediation remains a defined drag, with a roughly 200-basis-point revenue headwind expected in fiscal 2027. Vaccine weakness in China persists, and several tissue-regeneration or vascular opportunities still depend on trial follow-up, regulatory pathways and commercial adoption.

ConclusionBD’s rally reflects a more focused portfolio, improving execution and growing commercial validation across drug delivery, automation and interventional care. The U.S. manufacturing agreement and clinical milestones extend that growth narrative. Sustaining the advance, however, will require BD to scale its growth platforms while productivity, pricing and favorable product mix help offset legacy business pressures and tariffs.

Zacks Rank & Other Key PicksBD currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks from the broader medical space are Glaukos (GKOS - Free Report) , Edward Lifesciences (EW - Free Report) and Globus Medical (GMED - 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.

Glaukos reported second-quarter 2026 earnings per share of 14 cents, which beat the Zacks Consensus Estimate by 50.00%. Revenues of $186 million surpassed the Zacks Consensus Estimate by 24.1%.

Glaukos has an estimated earnings growth rate of 268.8% for 2027. GKOS’ earnings surpassed estimates in three of the trailing four quarters and missed once, the average surprise being 25.87%.

Edward Lifesciences reported second-quarter 2026 adjusted EPS of 78 cents, which beat the Zacks Consensus Estimate by 6.85%. Revenues of $1.74 billion surpassed the Zacks Consensus Estimate by 2.45%.

Edward Lifesciences has an estimated long-term earnings growth rate of 12.7%. EW’s earnings surpassed estimates in three of the trailing four quarters and missed once, the average surprise being 4.49%.

Globus Medical reported a second-quarter fiscal 2026 adjusted EPS of $1.34, which beat the Zacks Consensus Estimate by 19.6%. Revenues of $790 million missed the Zacks Consensus Estimate by 0.35%.

Globus Medical has an estimated long-term earnings growth rate of 12.4%. GMED’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 27.88%.
2026-10-22 20:10 7d ago
2026-10-22 14:10 8d ago
Hyliion čelí hromadné žalobě po propadu akcií
HYLN Hyliion
FMP Stock News 72
Original source text
Complaint alleges Hyliion Holdings Corp. misled investors between May 12, 2026 and June 23, 2026; investors may seek lead plaintiff role by October 27, 2026

, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought Hyliion Holdings Corp. ("Hyliion" or the "Company") (NYSE: HYLN) securities between May 12, 2026 and June 23, 2026. The Hyliion Holdings Corp. case, Olmeta v. Hyliion Holdings Corp., et al., was filed on August 28, 2026 in the U.S. District Court for the Western District of Texas (Case No. 1:26-cv-02375).

Investors who suffered losses on Hyliion Holdings Corp. investments can submit their Hyliion Holdings Corp. loss information here before the October 27, 2026 lead plaintiff deadline.

Key dates in the Hyliion Holdings Corp. case

Class period: May 12, 2026 to June 23, 2026
Complaint filed: August 28, 2026
Lead plaintiff deadline: October 27, 2026

What happened?

On June 23, 2026, Pelican Way Research issued a report entitled "Hyliion: A Glorified Science Project Who Has Continuously Failed to Meet Expectations And Is Now Throwing Around A Meaningless Deal." The report alleged that a recent letter of intent the Company announced with VFG Holdings, LLC ("VFG") for a major deal "is a sham" because VFG "does not appear to have any substance," has a website that "contains just two pages" and appears to only have four employees. The report called into question whether VFG is an "AI data center integrator" capable of the deal previously announced by the Company.

On this news, the price of Hyliion stock fell $1.27 per share, or 17.2%, to close at $6.10 on June 23, 2026, thereby injuring investors. The following day, Hyliion stock fell another $1.18 per share, or 19.3%, to close at $4.92 on June 24, 2026, thereby injuring investors further.

What is the Hyliion Holdings Corp. lawsuit about?

The Hyliion Holdings Corp. securities lawsuit alleges that, between May 12, 2026 and June 23, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Hyliion Holdings Corp.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) in order to cause rapid price appreciation in Hyliion stock, Defendants announced a deal with an entity that was very recently formed and does not appear to have any actual business operations; (2) the Individual Defendants timed the announcement and foregoing price appreciation to insider trade; and (3) as a result, defendants' positive statements about Hyliion Holdings Corp.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"The complaint filed against Hyliion Holdings Corp. alleges that, among other things, the Company failed to disclose that in order to cause rapid price appreciation in Hyliion stock, Defendants announced a deal with an entity that was very recently formed and does not appear to have any actual business operations. For investors who bought during the class period, the October 27, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What's the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Hyliion Holdings Corp. investors in potentially pursuing claims to recover their losses.

If you wish to serve as lead plaintiff in the Hyliion Holdings Corp. class action, you must move the Court no later than October 27, 2026. To learn more about your rights, visit the Hyliion Holdings Corp. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).

You may retain counsel of your choice. If you bought Hyliion Holdings Corp. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Hyliion Holdings Corp. case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired Hyliion Holdings Corp. securities between May 12, 2026 and June 23, 2026 and suffered losses may be members of the proposed class in the Hyliion Holdings Corp. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by October 27, 2026.

What is a lead plaintiff? In the Hyliion Holdings Corp. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Do I have to be lead plaintiff to recover? No. A Hyliion Holdings Corp. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. Hyliion Holdings Corp. investors may take no action and remain absent class members.

What is the deadline? Motions to serve as lead plaintiff in the Hyliion Holdings Corp. class action must be filed by October 27, 2026.

Does it cost anything to contact Glancy or participate in this action? Glancy represents Hyliion Holdings Corp. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.

Can I choose my own lawyer? Yes. Hyliion Holdings Corp. investors may retain counsel of their choice.

Why work with Glancy on the Hyliion Holdings Corp. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Hyliion Holdings Corp. lawsuit. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

Related links

Hyliion Holdings Corp. case page, Glancy Prongay Wolke & Rotter LLP
Complaint: Olmeta v. Hyliion Holdings Corp., et al., U.S. District Court for the Western District of Texas
Pelican Way Research report
Hyliion Holdings Corp. SEC filings index, EDGAR
Glancy Prongay Wolke & Rotter LLP

Contact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com
Follow Glancy on LinkedIn, X, or Facebook.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Glancy Prongay Wolke & Rotter LLP
2026-10-22 20:10 7d ago
2026-10-22 15:45 7d ago
Costco proměnilo 1 000 USD na 8 018 USD
COST Costco Wholesale
FMP Stock News 92
Original source text
Costco's membership model looks deceptively simple, yet patient shareholders who held through years of premium valuations and wild price swings discovered something the broader market consistently failed to match. The numbers tell a story worth understanding before the next decade…

How a Membership Card Became a Compounding Machine
Ten years ago, Costco (NASDAQ:COST | COST Price Prediction) was already an established warehouse club. Over the decade, investors rewarded its predictability. The model itself stayed simple. Costco charges an annual fee, sells bulk goods and Kirkland Signature products on thin margins, and relies on renewals to drive profits.

That formula scaled. Costco now runs 939 warehouses across 14 countries and territories, with 150.4 million cardholders and a worldwide renewal rate of 89.8%. Executive members pay a higher fee and drive 75.6% of sales. The latest fee hike helped lift fee income 14% earlier in fiscal 2026.

Special Dividends Sweetened a Decade of Steady Growth
On top of the regular payout, shareholders collected special dividends of $7 in 2017, $10 in 2020, and $15 in 2023. The regular quarterly dividend rose from $0.45 in 2016 to $1.47. Digital also expanded, with digitally enabled sales topping $33 billion in fiscal 2026 as Uber Technologies (NYSE:UBER) and DoorDash (NASDAQ:DASH) delivery went nationwide.

Your $1,000 Became $8,018 and Left the Market Far Behind
1-Year Return

Initial Investment: $1,000
Current Value: $1,083.50
Total Return: 8.35%
S&P 500 (same period): $1,136.10 (13.61%)

5-Year Return

Initial Investment: $1,000
Current Value: $2,210.10
Total Return: 121.01%
Annualized Return: 17.19%
S&P 500 (same period): $1,683 (68.3%)

10-Year Return

Initial Investment: $1,000
Current Value: $8,018
Total Return: 701.8%
Annualized Return: 23.14%
S&P 500 (same period): $3,564 (256.4%)

Costco figures are dividend-adjusted. The S&P 500 figures track the price change of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) only.

Costco beat the index by a wide margin over five and ten years, then trailed it over the past year. Holding still took patience: shares swung between $840.35 and $1,094.76 over the last 52 weeks. The business delivered throughout. Fiscal 2026 revenue rose 10.14% to $303.15 billion, and EPS came in at $20.76.

At 48x Earnings, Costco’s Premium Leaves Little Room for Error
Costco’s case today rests on membership growth and per-member spending continuing to stack up. The key risk is earnings growth slowing while the stock still carries a premium multiple. Costco is the kind of long-term compounder most investors watched from the sidelines, and we studied that pattern in a free report on the winners you already missed.

Bull case: Costco plans to open 33 warehouses in fiscal 2027, and comparable sales excluding gas and currency have held near 6% to 7%. The CFO summed up the plan: “For sustained top line growth, we see a balance between continued membership base growth and continued growth in spend per member.”

Bear case: The stock trades at 48 times trailing earnings and 40 times forward earnings, with a PEG ratio of 4.434. Fourth-quarter EPS also included a $0.15 one-time tariff refund benefit. Over the next ten years, the multiple has little room to expand so that returns will come from earnings growth.

Shares sit at $1,009.89, well above the 52-week low.

Contact [email protected] for any questions or corrections.
2026-10-22 20:08 7d ago
2026-10-22 14:15 8d ago
Palantir očekává tržby ve výši 2,16 mld. USD
PLTR Palantir Technologies
FMP Stock News 92
Original source text
Palantir (PLTR -2.84%) has a major event coming in a few weeks: third-quarter earnings. Investors are always looking forward to these reports from Palantir because it's one of the few companies that reports on a Monday, so all eyes will be on it. Additionally, Palantir has a tremendous track record of beating expectations, and investors will be expecting another beat this quarter.

However, if it doesn't announce a beat, I would expect the stock to tumble, as that is what's currently priced in. Palantir has had an incredible run, but I think it must project continued revenue growth acceleration to maintain its run.

Image source: The Motley Fool.

Palantir's growth has been impressive
Palantir's AI-powered data analytics software has become more popular over the past two decades. It started as a government-focused company, providing software to various government entities. This eventually expanded into the commercial sector, where it's seeing the fastest growth today. Still, government revenue accounts for more than half of Palantir's total revenue.

Palantir's strength lies in its ability to work within existing systems and deliver actionable insights quickly. This can work in a fully automated environment or with human intervention as the final approval before an action is performed. Palantir has become a popular way for businesses across industries to integrate AI into their existing systems, and this shows up in its financials.

PLTR Palantir Technologies$196.00-$5.72 (-2.84%)

NASDAQ · As of 3:51 PM ET 10/22/26

During the second quarter, its U.S. commercial revenue grew at a breathtaking 149% pace, while U.S. government revenue increased 90%. Overall, Palantir's revenue rose 93% year over year to $1.94 billion. That overall figure is important to note because Palantir only guided for about $1.8 billion in Q2 revenue. That's a significant beat, but Palantir has been underguiding and overdelivering for some time.

For Q3, management expects revenue of $2.16 billion. That projects an 83% revenue growth rate, which would be a deceleration from Q2's level. However, if Palantir beats revenue expectations by a similar amount to Q2 (about $150 million), that would boost Palantir's growth rate to 96%, allowing it to continue reporting accelerating revenue growth.

It's important that Palantir does this because its valuation suggests that it needs to continue doubling each year.

Palantir is very expensive
There is a ton of future growth priced into Palantir stock, and if the company starts reporting slowing growth, then the stock could sell off as a result. Palantir currently trades at 120 times forward earnings.

PLTR PE Ratio (Forward) data by YCharts

Most big tech stocks average about a 30x trailing earnings valuation, so for Palantir to reach that level, it would need to quadruple its earnings. Most rapidly growing tech companies don't have their profitability optimized, so earnings can grow through a combination of revenue growth and margin expansion. However, in Q2, Palantir's profit margin reached 55%. That's about as good as it gets, so for Palantir to expand its earnings total, it must grow its revenue base.

If Palantir's earnings and revenue grow at a 1-to-1 ratio, then Palantir's earnings must quadruple after accounting for 2026's results. That's huge growth, and if Palantir starts to report slowing revenue growth, that figure will be hard to achieve. So, all eyes will be on Palantir on Nov. 2, because if its revenue growth starts to slip, the stock may have a rough day on Nov. 3. However, if it reports accelerating revenue growth, I wouldn't be surprised to see Palantir's run continue, although a significant rise may be off the table due to how much growth is already priced into the stock.
2026-10-22 20:07 7d ago
2026-10-22 13:45 8d ago
Akcie Micron klesly o 5,2 % kvůli obavám ohledně AI
MU Micron Technology
FMP Stock News 78
Original source text
Shares of Micron Technology (MU -6.93%), a leading semiconductor company, were tumbling today as investors continued to worry that a slowdown in artificial intelligence spending could be imminent.

Recent comments made by Nvidia's CEO added to their concerns, as he said that available capital is scarce for more growth in the AI cloud market.

Shares of Micron stock were down by 5.2% as of 1:33 p.m. ET.

Image source: Getty Images.

AI spending continues to draw the ire of investorsInvestors are growing increasingly concerned that the leading technology companies are spending too much money on artificial intelligence and not delivering sufficient sales and earnings.

For example, Meta stock is sliding today even though its top- and bottom-line results beat Wall Street's consensus estimates. Shareholders, instead, latched onto the fact that Meta will spend $135 billion to $145 billion in capital expenditures this year.

The skeptical sentiment Meta shareholders have is spilling over to the broader market and sending Micron's shares falling. Micron is a leading memory and storage provider for AI data centers, so any worry that companies are overspending means investors think a slowdown could be around the corner.

Making matters worse for Micron stock today was that CNBC reported that Nvidia CEO Jensen Huang said today that while there's lots of demand for AI data center infrastructure, capital is scarce.

That wasn't reassuring for Micron shareholders, considering the company relies on AI leaders to make significant investments in hardware and data centers.

MU Micron Technology$850.36-$63.32 (-6.93%)

NASDAQ · As of 3:46 PM ET 10/22/26

Broader economic concerns are also affecting AI stocksIn addition to the questions surrounding AI spending, investors are concerned about rising economic pressures. The Federal Reserve recently raised interest rates and has hinted they may do so again soon.

Rising rates could put pressure on tech companies' spending as it makes borrowing more expensive. That's coming on top of rising oil prices from the U.S. war with Iran, and recent reports of inflation rising faster than expected.

When added altogether, AI stocks took the brunt of the sell-off sentiment and took Micron down with them.

Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.
2026-10-22 20:03 7d ago
2026-10-22 13:50 8d ago
Air Products vyplatí dividendu 1,81 USD na akcii
APD Air Products
FMP Stock News 92
Original source text
, /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.81 per share of common stock.

The dividend is payable on February 8, 2027 to shareholders of record at the close of business on January 4, 2027.

About Air Products 

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world's largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12.0 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

SOURCE Air Products
2026-10-22 20:00 7d ago
2026-10-22 15:45 7d ago
Kroger investuje 5 mld. USD do snížení cen
KR Kroger Company
FMP Stock News 95
Original source text
Kroger's new CEO just admitted the grocery giant lost market share to Walmart and Costco, and the plan to win it back carries a hidden tension that Wall Street has not fully priced in.

Kroger (NYSE:KR | KR Price Prediction) is spending $5 billion through 2029 to lower prices, and part of the cost will come from its own headquarters. At an investor update in New York on October 20, 2026, CEO Greg Foran presented Kroger’s first multi-year plan. CFO David Kennerley said: “A $5 billion investment in customer value is the largest single driver in this plan, and it is entirely self-funded.” New everyday shelf prices will reach about 250 stores by year-end.

The $5 billion covers simpler promotions, better merchandising, updated store formats, larger loyalty programs and lower everyday prices, with corporate job cuts, first laid out in an October 12 memo, as one source of the savings.

For shareholders, the tension is that Kroger is promising lower prices and faster earnings growth at once. It is doing so right after a quarter in which identical sales, excluding fuel, rose just 0.2%.

The stock rose as much as 2.6% during the October 20 session and then closed down 0.11% at $62.98. On October 21, it gained 1.83% to close at $64.13, a market value of $37.87 billion.

What Kroger Committed To on October 20
The plan has three components. They are customer value, growth in e-commerce and retail media, and “Modernize How We Operate.” Kroger also set a target of about $4 billion in annualized cost savings by 2029 and expects about half of it to come from cost of goods.

The company discussed the savings. It said the savings “will fuel greater customer value and fund growth across the business.” It did not say the job-cut savings specifically pay for the $5 billion. After the first stores, the new pricing reaches roughly 450 more locations in 2027.

Why the Headquarters Cuts Matter More Than Their Size
Kroger will cut about a third of its corporate roles over three years. The cuts affect about 37% of its roughly 8,200 corporate employees, and some non-store work is moving to a capability center in Bengaluru, India.

Foran acknowledged the problem in the memo. “Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue,” he wrote, adding that “Technology is reshaping what’s possible.” Kroger says AI will improve execution and cut duplicated work. It has not said AI will replace specific roles.

Kroger employs more than 400,000 associates, and the announced cuts apply to corporate roles. The risk is that work sent offshore adds new handoffs just as pricing is being rebuilt.

Can Lower Everyday Prices Win Shoppers Back From Walmart and Costco?
Chief merchant Mary Ellen Adcock said stores that ran the new pricing for a full year grew sales about 230 basis points faster than the rest of the chain. Foran was blunt about the starting point: “The result is, we lost share. We own that.”

Foran ran Walmart’s (NYSE:WMT) U.S. business from 2014 to 2019, and Kroger is trying to close its price gap with Walmart and Aldi. He said the plan “is not about being the cheapest.”

Costco (NASDAQ:COST) is on the list too. When Foran first laid out the price cuts in May, Kroger was described as working to “reclaim ground lost to rivals including Walmart, Costco, and Aldi.” Foran said then: “The reality is, the basket has to come down.”

Shoppers are slow to notice lower shelf prices, and rivals can match them. Gross margin was already 22.4% in the latest quarter, down 10 basis points.

What Shareholders Are Promised Through 2029
Kroger is targeting adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) growth of 3% to 6% a year and adjusted EPS growth of 7% to 11%. The EPS target replaces the old 8% to 11% total-shareholder-return goal. The targets leave out the pending Giant Eagle acquisition, and 2026 guidance of $5.10 to $5.30 in adjusted EPS still stands.

EPS can grow faster than EBITDA because of buybacks. About $800 million remains to be bought back, which makes the targets look reachable.

Deutsche Bank raised its target to $70 from $68. Guggenheim moved to $68 from $66, and UBS moved to $66 from $63. Wells Fargo’s new $60 target, up from $58, is still below the share price.

What Could Make or Break Kroger’s Plan
Kroger pays for the $5 billion itself and has pilot results to point to, and the earnings targets depend on cost and buyback tools the company controls. Sales are the weak spot, because a business growing identical sales at 0.2% has to show that $5 billion of lower prices brings in enough new customers to offset smaller margins.

Check the next quarterly report for two things: identical sales without fuel rising above the 0.2% pace, and the 250-store expansion still on schedule. If the stock closes below Wells Fargo’s $60 target, that would suggest the market doubts the plan.

Contact [email protected] for any questions or corrections.
2026-10-22 19:54 7d ago
2026-10-22 13:42 8d ago
Akcie Dell klesly o 7,04 % navzdory růstu AI Factory
DELL Dell
FMP Stock News 88
Original source text
Dell added governed AI software, deskside templates and modular infrastructure as its AI Factory customer base reached 6,500.

Summary

Dell’s customer count is rising, but the stock now demands cleaner backlog conversion.

Enterprise-computing supplier Dell Technologies DELL expanded its Nvidia-backed AI Factory offerings, but shares fell approximately 7.04% to $451.70 as of 11:20 a.m. ET Thursday. The rollout spans desktop AI systems, servers and modular data centers. More products mean more opportunities to win business. They also raise the bar for execution.

Dell says AI Factory adoption topped 6,500 customers, versus 5,000 last quarter—roughly 30% growth. Its fiscal-second-quarter results also showed $60.9 billion in AI-server orders, $16.4 billion in AI-server revenue and a $95 billion ending backlog. Demand looks substantial. The next test is turning those commitments into shipments, profits and cash.

The valuation snapshot puts Dell 87.19% above its $241.31 GF Value estimate, suggesting hefty growth expectations remain baked into the price despite the decline. That estimate is a valuation reference, not a guaranteed destination. Investors should watch AI-server margins, cash generation and backlog conversion: a huge order book matters most when fulfilling it produces attractive returns.

Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure
2026-10-22 19:51 7d ago
2026-10-22 15:05 7d ago
Rivian čeká na úvěr od ministerstva energetiky USA ve výši 4,5 mld. USD
RIVN Rivian Automotive
FMP Stock News 92
Original source text
We all get it -- headlines love to throw around massive billion-dollar figures as if everything is secure and concrete. Investors know that's not the world we live in. While Rivian's (RIVN -2.97%) Department of Energy (DoE) loan is old news, it's about to become far more important. Conditions need to be met, construction needs to be funded, and investors need to better understand how it affects the grand scheme of things for Rivian.

Starting from the top Let's make one thing clear: Rivian's DoE loan isn't free money, but it is cheaper financing with favorable terms and repayment dates. This helps the young electric vehicle (EV) maker to avoid potential capital raises to fund the construction of its Georgia facility out of its own pocket. Here's the catch, though: There are stipulations and conditions to meet before it can draw on this loan. That said, Rivian is likely to save a couple hundred million dollars annually using this favorable loan. That matters to a young company still burning mountains of cash.

This spring, Rivian renegotiated its original $6.57 billion loan from the U.S. DoE down to $4.5 billion. At first glance, one could forgive investors for thinking fewer dollars are a bad thing. Since it's a loan and not simply free money, the lower obligation (again, yes, a future obligation to repay debt) isn't necessarily a bad thing.

The important thing to understand is that the overall dollar figure needs to be accurate. Rivian doesn't need future obligations and repayments on billions in loans it isn't using to generate growth, and it doesn't need a loan that fails to meet what it needs to construct its upcoming Georgia factory. Dollars matter less, accuracy matters more.

RIVN Rivian Automotive$12.09-$0.37 (-2.97%)

NASDAQ · As of 3:32 PM ET 10/22/26

Break it down The $4.5 billion loan is just over $4 billion in loan principal, with just under $500 million in capitalized interest, meaning Rivian has $4 billion to use. It's also important for investors to understand that the capitalized interest is added to the outstanding balance and isn't an immediate up-front cash drain.

Again, this isn't free money, and it comes with conditions. Before Rivian can put its hands on the first loan draw, it has to meet conditions -- including positive gross margins, vehicle sale milestones, and the commitment of equity, to name a few -- and with the admission that specific figures aren't publicly known. Not to brush these somewhat mysterious conditions off as insignificant, but Rivian is expecting to complete these conditions and take the first loan draw in early 2027.

Image source: Rivian.

Show me the money! One intriguing condition involves Rivian's currently ramping R2. The DoE wants evidence that the time and cost required to "rework" R2 vehicles at its Illinois factory remain within specified limits, or an acceptable audit addressing those manufacturing issues. What this essentially means is that the DoE wants to see the time and money Rivian spends correcting manufacturing problems before expanding into its Georgia factory.

Thankfully, Rivian has shown encouraging operational progress, including raising its annual delivery guidance in July and recording a 57% jump in vehicle production from the second to third quarter. While that doesn't confirm it has met the DoE's specific R2 manufacturing requirements, it's an encouraging sign as Rivian works toward its first loan draw.

For investors, that makes Rivian's manufacturing execution worth watching just as closely as its sales growth. After all, securing favorable financing is one thing, but satisfying the conditions to actually access that capital is another. This DoE loan is very beneficial to Rivian and its growth through the rest of the decade.
2026-10-22 19:33 7d ago
2026-10-22 13:11 8d ago
Flowserve překonala odhad zisku o 10,47 %
FLS Flowserve
FMP Stock News 78
Original source text
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Flowserve (FLS - Free Report) , which belongs to the Zacks Manufacturing - General Industrial industry, could be a great candidate to consider.

When looking at the last two reports, this company that makes pumps, valves and other parts for the oil and gas industries has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.06%, on average, in the last two quarters.

For the last reported quarter, Flowserve came out with earnings of $0.95 per share versus the Zacks Consensus Estimate of $0.86 per share, representing a surprise of 10.47%. For the previous quarter, the company was expected to post earnings of $0.82 per share and it actually produced earnings of $0.85 per share, delivering a surprise of 3.66%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Flowserve. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Flowserve currently has an Earnings ESP of +0.34%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on October 28, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
2026-10-22 19:27 7d ago
2026-10-22 15:22 7d ago
PENNVEST poskytl společnosti Pennsylvania American Water 42,65 milionu USD
AWK American Water Works
FMP Stock News 88
Original source text
Low-interest funding helps keep customer costs down while advancing water quality

, /PRNewswire/ -- The Shapiro administration yesterday announced that Pennsylvania American Water was awarded grants and low-interest loans from the Pennsylvania Infrastructure Investment Authority (PENNVEST) totaling $42,650,000. The funding will support water and wastewater infrastructure improvement projects in Lackawanna and Montgomery counties.

"At Pennsylvania American Water, we strive to provide our customers with high-quality, reliable water and wastewater services while also meeting environmental standards and state and federal regulations. We're thankful to PENNVEST for approving our funding requests and supporting us in that mission," said the company's vice president of engineering, Tony Nokovich. "These projects will have a positive impact on the service provided for our customers by enabling us to continue our efforts to improve water and wastewater infrastructure across the state."

A PENNVEST grant of $3,020,943 and a loan of $1,629,057 will fund the replacement of approximately 240 identified lead and galvanized water service lines in Norristown Borough, Montgomery County. The removal of all leaded components will provide direct water quality improvements to customers and is consistent with regulatory and Pennsylvania American Water initiatives to eliminate lead-containing lines from the public water supply system. Learn more at pennsylvaniaamwater.com/leadfacts. The loan interest rate is 1.00% for the full 20-year loan term. Federal funds are being used to finance the project.

"Lead exposure can be harmful to our health, even at low exposure levels," said State Rep. Greg Scott. "Children are especially at risk of lead poisoning and ongoing developmental issues if they're exposed to too much. Replacing the existing lead pipes that carry our drinking water into our homes is a significant means of stopping lead exposure in our community."

A PENNVEST loan of $38,000,000 will fund the reduction of combined sewer overflows (CSOs) in the City of Scranton, Lackawanna County. The company will construct 0.4-million- and 2.0-million-gallon storage facilities to capture stormwater and sewage before untreated flows reach the Lackawanna River. The storage facilities will advance the region's efforts to reduce CSOs, protect water quality in the Lackawanna River and modernize the community's critical wastewater infrastructure. They will also help safeguard nearby neighborhoods and downstream communities by reducing the frequency of untreated discharges during wet weather. The loan interest rate is 1.00% for the full 20-year loan term.

"This $38 million investment will address critical wastewater infrastructure needs in Scranton and help protect the Lackawanna River," said State Sen. Marty Flynn. "I want to thank Governor Shapiro and his administration for recognizing the importance of these improvements and making this funding possible. Through PENNVEST, Pennsylvania American Water can move forward with this project while benefiting from low-interest financing that reduces the overall cost of the improvements. Maintaining and improving the infrastructure we already rely on is a responsibility we cannot afford to overlook, and this investment will help ensure our wastewater systems remain reliable for years to come."

"Every Pennsylvanian has a constitutional right to clean water, and my Administration is committed to protecting that right by investing in the infrastructure our communities need," said Governor Josh Shapiro in the Commonwealth's official announcement. "We're helping communities modernize aging water and wastewater systems, replace lead service lines, and address emerging contaminants to protect public health and ensure our residents have access to clean, safe drinking water for generations to come."

Since July 2024, PENNVEST has awarded Pennsylvania American Water more than $304.2 million in funding, including $32.7 million in grants and $271.5 million in low-interest loans to support statewide water and wastewater infrastructure projects.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.5 million people.

SOURCE American Water
2026-10-22 19:24 7d ago
2026-10-22 12:38 8d ago
Akcie Super Micro klesly kvůli obavám z dodávek hardwaru pro AI
SMCI Super Micro Computer
FMP Stock News 82
Original source text
Super Micro Computer, Inc. (NASDAQ:SMCI) stock traded lower Thursday as investors weighed renewed supply-chain concerns across AI hardware, profit-taking after the prior session’s rally and lingering scrutiny around the company’s supply chain.

The decline came during a broader risk-off session, with the S&P 500 down 1.3% and the Technology sector falling 3.1%, making it the weakest of the 11 sectors.

ˆ Super Micro Computer shares are sliding. Why is SMCI stock dropping?

Supply Bottlenecks Pressure AI Hardware SentimentAI infrastructure peer Lam Research Corp. (NASDAQ:LRCX) highlighted near-term supply-chain constraints that could push some December-quarter shipments into March.

Lam still posted a record 40.2% operating margin and guided December-quarter revenue to $8.2 billion-$9 billion, compared with the $8.53 billion estimate. Its warning that shipment timing could shift revenue into a later quarter added pressure to sentiment around hardware suppliers tied to data center expansion.

Super Micro Pulls Back After Revenue-Guide RallySuper Micro shares fell more than 6% as investors took profits following a gain of more than 10% in the previous session.

The earlier rally followed Super Micro’s decision to raise its preliminary fiscal first-quarter 2027 revenue outlook to $18.5 billion-$19.5 billion.

The stock also continued to face concerns tied to a federal export-control investigation involving its supply chain.

Super Micro Expands Nvidia PartnershipSuper Micro also expanded its partnership with NVIDIA Corp. (NASDAQ:NVDA) by introducing a new Vera CPU rack designed to support more AI workloads while using less data center space and power.

The company said customers can deploy the system on its own or alongside Nvidia’s Vera Rubin platform, giving them another option to expand AI infrastructure while potentially reducing deployment and operating costs.

Analysts Remain MixedSuper Micro carries a Buy consensus rating with an average price target of $38, with forecasts ranging from $31 to $57 across 26 analysts.

Rosenblatt maintained a Buy rating and raised its forecast to $57 on Oct. 21, after maintaining a $51 target on Oct. 16. Citigroup maintained Neutral and raised its forecast to $45 on Oct. 8.

Top ETF ExposureThe YieldMax SMCI Option Income Strategy ETF (NYSE:SMCY) carries a 37.67% weighting in SMCI, while the ERShares Entrepreneurs ETF (NASDAQ:ENTR) holds 3.74% and the Inspire Capital Appreciation ETF (NYSE:RISN) holds 3.84%.

Because Super Micro carries meaningful weight in these funds, significant ETF inflows or outflows can translate into corresponding buying or selling of the stock.

SMCI Price ActionSuper Micro Computer shares were down 5.62% at $33.57 at the time of publication on Thursday, according to Benzinga Pro data.

Photo: Shutterstock

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2026-10-22 19:23 7d ago
2026-10-22 14:31 7d ago
Bloom Energy zveřejní hospodářské výsledky po desetiprocentním propadu akcií
BE Bloom Energy
FMP Stock News 96
Original source text
Live 1 update · Last at 2:28pm ET Updates appear automatically.

By Thomas Richmond · Updated Oct 22, 2:28pm ET · Published Oct 22, 2:31pm ET

Live UpdatesNewest first

Bloom Energy is expected to report Q3 earnings at 4:05 PM ET tonight after a brutal selloff for the AI power infrastructure company.

Analysts expect $1.07 billion in revenue and earnings of approximately $0.67 per share, putting significant pressure on Bloom to deliver strong results.

Shares plunged 10.04% today and have fallen 21.37% over the past month. With Bloom trading at roughly 314 times trailing earnings, expectations for future growth remain enormous. Analysts currently project earnings of approximately $4.94 per share in 2027.

Investors will be watching whether Bloom can maintain gross margins near its 34% full-year target and how quickly its financing partnership with Brookfield Asset Management can translate into actual deployments and revenue.

Tonight, strong margins and faster deployments could help restore confidence, while execution delays could extend the stock’s recent slide.

This article is updated throughout the trading day. Check back for more.

Full CoverageThe story so far

Bloom Energy (NYSE:BE) is expected to report third-quarter results today at 4:05 PM ET, after the market closes. The stock fell 10.04% ahead of the release, and tonight’s results will show whether it can recover by the end of the week.

Billion-Dollar Quarter Meets a Sharp Pullback Last quarter, Bloom Energy reported its first quarter with over $1 billion in revenue. Q2 revenue came in at $1.065 billion, up 166% year-over-year, and non-GAAP EPS of $0.78 beat the $0.4066 estimate. The stock gained 43.1% in the seven days after that report. It has since pulled back, though it remains up 146.96% year to date. Operating cash flow reached $226 million and free cash flow hit $175 million.

Management raised 2026 guidance to $3.9-$4.2 billion in revenue and $2.55-$2.85 in non-GAAP EPS. The company also said all major U.S. hyperscalers have approved its systems.

Bloom Energy Consensus Estimates Metric Q3 2026 Estimate YoY Change FY 2026 Estimate FY 2027 Estimate Revenue $1.07B +106.4% $4.12B $6.82B EPS (Normalized) $0.6724 +348.3% $2.7079 $4.9384 The revenue consensus is about flat with Q2, so analysts are modeling a pause in sequential growth after an uneven delivery quarter. The Q3 EPS estimate has risen from $0.5216 90 days ago. Full-year consensus already falls inside management’s guided ranges.

What I’m Watching Tonight: Margins, Financing and Delivery Timing One of the top numbers I’m watching tonight is the gross margin. Q2 gross margin hit 34.3%, and services margin reached 22%. However, management said it will prioritize fast delivery over protecting margin in any one quarter.

Another focus is how much of Brookfield’s recently expanded $25 billion financing framework gets used. A second group led by Industrial Development Funding has committed $2.6 billion. The more of these commitments become funded installations, the clearer the revenue path through 2027.

Analysts will also be watching revenue concentration among customers. Management warned that “one or two customers may lead revenue in a given quarter” because large campus deliveries are uneven. Any comments on project delays matter, along with the claim that its equipment can be moved from one site to another.

Investors are going to be watching operating leverage too. In Q2, revenue grew 166% while operating expenses rose 48%, and management called $375 million plus a new baseline for cash flow from operations. Analysts will also be listening for updates on manufacturing capacity and scandium supply, which management said is secured for 25 gigawatts of deployments.

Earnings History Quarter EPS Surprise 1-Day Move 7-Day Move 30-Day Move Q2 2026 +91.83% +26.49% +43.1% +28.71% Q1 2026 +242.41% -1.6% -0.87% -5.02% Q4 2025 +50.35% +8.49% -2.3% +11.31% Q3 2025 +50.15% -4.38% +5.76% -26.01% On average, shares have swung 11.4% in the week following earnings over the past year.

Contact [email protected] for any questions or corrections.

Thomas Richmond

Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 500 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.

Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.

Outside of work, Thomas enjoys weight lifting and soccer.

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2026-10-22 19:20 7d ago
2026-10-22 13:21 8d ago
Tržby IonQ vzrostly, provozní ztráta dosáhla 337 milionů USD
IONQ IONQ
FMP Stock News 88
Original source text
IonQ (IONQ -4.38%) is a leader among the pure-play quantum computing cohort -- and for good reason. It looks much more like a real business than some of its peers, and if it can successfully deliver on its promise, its upside could be significant.

But an exciting young technology doesn't automatically make for a good investment, especially when so much of its promise remains unproven.

So, what might a $1,000 investment in IonQ stock made today be worth five years from now? Let's take a look.

Image source: Getty Images.

Quantum computing's promise faces serious engineering challenges The smartphone or laptop you're reading this on stores and processes information using bits -- 0s and 1s. Quantum computers process data with "qubits" -- quantum bits that are governed by deeper and more counter-intuitive physical laws than we deal with in our everyday lives.

Qubits can temporarily exist in "superposition," holding states that are neither 1 nor 0, but complex probability amplitudes. I won't try to explain that further -- but suffice it to say that this means that quantum computers perform calculations in a fundamentally different way from traditional ones. That difference will allow them to solve problems that are either extremely difficult or impossible for a classical supercomputer to handle in any useful amount of time. 

The expectation is that this could lead to breakthroughs in materials science, drug development, and logistics, among many other fields.

In short, the ability of qubits to behave in ways that ordinary bits don't could be a very big deal.

But this technology is mostly still unproven, at least on any scale that matters. Qubits are hard to get a handle on, and they are extremely sensitive to any outside interference, which makes quantum computers prone to errors. Every player in the space is highly focused on the problems of error mitigation and error prevention. 

There's also a question of scale: Building a system with enough qubits operating together to be useful, and also getting them to perform reliably, is a serious engineering challenge. 

Of course, the potential payoff is huge -- much bigger than just "a faster computer" -- which is a common misconception. Real, practical quantum computing could help us solve currently unsolvable problems and would represent a massive leap forward in human technology.

$30.87-$1.42 (-4.38%)

NYSE · As of 2:56 PM ET 10/22/26

How IonQ's trapped-ion quantum computers work There are numerous ways to make a qubit, and it's far from clear at this point which versions of the technology will deliver most effectively.

IonQ builds its systems around trapped-ion qubits. It uses electromagnetic fields to "trap" individual electrically charged atoms (ions) in place in a vacuum, and then uses lasers to cool and manipulate them. This approach has the major advantage of making the qubits highly stable -- at least relatively. The downside is that it is generally harder to scale than some other approaches.

IonQ's revenue is growing, but losses remain steep Though the technology is still a long way from maturity or real commercial viability, IonQ already has a business. Sales reached $80.1 million in the second quarter, up 287% from a year earlier.

The company sells its early quantum computers and rents access to them via the cloud, but they have real limitations and are largely only useful for research at this point. After a string of acquisitions, the company now also sells quantum networking, security, and sensing equipment, along with space-grade hardware.

Its largest acquisition just closed in July: chip manufacturer SkyWater Technology. That deal helped boost its full-year revenue forecast by about $170 million to between $450 million and $460 million.

Of course, the top line is only half the picture. IonQ's operating loss reached $337 million in Q2, far exceeding its sales. It does have a strong balance sheet, however, with about $2 billion in cash and investments left over after the SkyWater acquisition.

What could IonQ stock be worth in 2031? So what could IonQ look like five years from now?

A bullish scenario IonQ makes real progress, and its systems are starting to be used in real-world work. Demand grows across its product lines. Sales grow at 50% annually, reaching $3.5 billion in 2031. The company is closer to profitability but continues to operate in the red as it scales. A bearish scenario Its quantum computers are still mostly relegated to research and experimentation. Sales of its other product lines grow, but at a much slower pace. Revenues grow at 15% annually, reaching $915 million in 2031. The company is still operating deep in the red, and management uses dilutive stock sales to cover the funding gap. I suspect that practical quantum computing is still much further off than the bullish scenario assumes, and I see IonQ looking more like the latter case five years from now. And in this scenario, I think investors won't be willing to pay the same sort of multiple they are now. 

And that multiple is already an issue. Even after a stock price decline of more than 50% from the 52-week peak it hit early this summer, IonQ is trading at a lofty price-to-sales (P/S) ratio of more than 45.

Assuming a more bearish case prevails, I'd expect that to contract to maybe 10 times sales.

In that case, accounting for further dilution from likely stock sales, I think IonQ shares will be worth about $15 five years from now, which means a $1,000 investment made today would be worth just $487.

Of course, I could be very wrong. Quantum computing tech could progress much faster than I believe. But people have been claiming that useful quantum computers would be here in just a few years for the past decade or two. 
2026-10-22 19:13 7d ago
2026-10-22 15:06 7d ago
Comcast zaúčtuje restrukturalizační náklad ve výši více než 1 mld. USD
CCZ Comcast
FMP Stock News 95
Original source text
On its third quarter of 2026 earnings call, held on Oct. 22, 2026, Comcast (CMCSA +3.13%) announced that it is embarking on a structural cost transformation that includes a fourth-quarter charge of over $1 billion, as it separates its media and technology businesses into two public companies. This operational overhaul comes as the company faces aggressive price competition in broadband while building out its mobile and streaming platforms to retain subscribers.

Understanding how management intends to navigate these shifting market dynamics is critical for evaluating its long-term earnings potential. Three things management said on the earnings call stand out.

1. A Billion Dollar Restructuring Aims to Drive Long-Term GrowthManagement is overhauling its corporate structure to simplify operations and speed up execution, preparing for a charge exceeding $1 billion in the fourth quarter. The company aims to reinvest the resulting savings into higher-growth segments like mobile convergence and enterprise networking.

We've embarked on the most significant operating and cost transformation in our company's history, with an opportunity we believe will ultimately amount to billions of dollars over time.
-- Mike Cavanagh, President2. Free Wireless Promotions Are Successfully Converting Into Paying CustomersTo protect its core broadband subscriber base from low-cost fiber and fixed wireless competitors, Comcast relies on a capital-light mobile virtual network operator model. That partner framework lets it offer free lines that convert into full-priced subscriptions over time, deepening customer retention without massive infrastructure spending.

Approximately half of our residential postpaid phone connects continued to come from customers taking a free line, and we're now converting 70% of those free lines into paying relationships.
-- Jason Armstrong, Executive Vice President and Chief Financial Officer3. Bundling Partners Drives Growth and Scale for Peacock StreamingPeacock delivered its second consecutive quarter of profitability, earning $261 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Rather than locking content inside a closed ecosystem, management is expanding its reach through external distribution bundles, including a new partnership with Alphabet-owned YouTube.

Our core strategy is to combine our exceptional content and distribution with select partners and third-party IP to reach audiences wherever they choose to engage.
-- Mike Cavanagh, PresidentLooking AheadCompetitive fiber builds and theme park softness create near-term pressure, yet streaming profits and wireless expansion demonstrate clear operational momentum. Management is keeping its focus squarely on its long-term strategy.

In Orlando, attendance, guest spending, and overall financial performance remain materially above where they were two years ago, and guest satisfaction continues to rise. Looking ahead, we expect performance to strengthen as we move through 2027, with a return to growth in the second half of the year.
-- Mike Cavanagh, PresidentStructural advantages in network infrastructure, enterprise telecom services, and iconic entertainment content provide a durable foundation for future value. As Comcast navigates market shifts and prepares to spin off its media assets, management is watching pricing discipline in broadband, customer retention across bundled tiers, and execution on its major operating transformation.

We spent years building these businesses, and as the industry transforms itself, we are meeting the moment.
-- Brian Roberts, Chairman and Chief Executive OfficerThe Motley Fool has positions in and recommends Alphabet. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy.
2026-10-22 19:13 7d ago
2026-10-22 13:14 8d ago
Cadence zvýšila celoroční výhled tržeb po silném růstu
CDNS Cadence Design Systems
FMP Stock News 92
Original source text
Cadence just posted five straight earnings beats and a record backlog while its stock sits 5% below where it was a year ago. Something has to give before Monday's report, and the answer depends on a margin squeeze and an…

Cadence Design Systems (NASDAQ:CDNS | CDNS Price Prediction) is expected to report third-quarter results Monday, October 26, after the close. The stock is up only 0.61% year to date, so this report needs to justify a premium multiple.

Record Backlog Meets a Stalled Stock Last quarter, revenue rose 24.2% to $1.584B, and non-GAAP EPS of $2.11 beat the $2.06 estimate. Non-GAAP operating margin expanded to 45.5% from 42.8%, and backlog reached a record $8.10B. Management raised full-year revenue guidance to $6.26B to $6.34B.

Growth was broad. Core EDA grew 18%, Semiconductor IP 40%, and System Design and Analysis 37% with help from the Hexagon D&E deal.

Shares have fell behind anyway. At $314.48, the stock is down 5.69% over the past year and well below its $416.69 52-week high. It still trades at 64 times trailing earnings and 32 times forward earnings.

Consensus Calls for 20% Revenue Growth Metric Estimate Prior Year YoY Growth Q3 2026 Normalized EPS $2.046 $1.93 6.0% Q3 2026 Revenue $1.61B $1.339B 20.4% FY 2026 Normalized EPS (guidance midpoint) $8.10 $7.14 13.4% FY 2026 Revenue $6.32B $5.297B 19.3% Margins and Agentic AI Revenue Will Set the Tone Management guided third-quarter non-GAAP operating margin to 43.5% to 44.5%, citing investments in Intel (NASDAQ:INTC) opportunities and the Hexagon integration. CFO John Wall highlighted $20 to 25 million in second-half spending and called it “not a deterioration in the underlying model.” Last year’s quarter ran at a 47.6% margin, which explains the modest EPS growth in consensus. I’ll be watching where margin lands within that range.

Agentic AI is the bigger long-term question. ChipStack has more than 20 customer engagements and ViraStack more than 25, yet Wall said, “We’re still not assuming a sudden step function in our guidance.” You should look for agent licenses or greater engine usage lifting recurring revenue, which grew about 24% in the second quarter.

I also want updates on the Intel 14A agreement, which CEO Anirudh Devgan called 100% additional. Hardware remains supply-constrained, and guidance assumes export controls stay “substantially similar.”

Five Straight Beats Haven’t Fixed the Multiple Cadence has exceeded EPS estimates for five consecutive quarters, yet the stock’s average one-day change after those reports was -0.69%. Options suggest a move of about 6.2%. Analysts remain constructive, with 18 Buy and five Strong Buy ratings and a $406.24 average target. Another beat is already expected. A third guidance raise, plus a credible path to margin recovery in 2027, is what could reset sentiment around the valuation.

Contact [email protected] for any questions or corrections.
2026-10-22 19:07 7d ago
2026-10-22 14:15 8d ago
Enterprise Products Partners dosáhla rekordního distributable cash flow z provozní činnosti
EPD Enterprise Products Partners
FMP Stock News 88
Original source text
Enterprise Products Partners carries one of the biggest yields in large-cap energy, but the dividend yield alone tells you almost nothing about whether that payout is safe. The number that actually matters is one most investors never check first.

Enterprise Products Partners (NYSE:EPD | EPD Price Prediction) pays one of the larger yields among large-cap energy names, so income investors usually start with the size of the check. A better first question is how much cash the business brings in for every dollar it pays out. That figure is the distribution coverage ratio, and Enterprise’s is unusually high.

Distribution Coverage Ratio: How Many Times the Payout Is Covered
Coverage compares distributable cash flow (DCF), which is the cash left after running the business and maintaining the assets, with the cash Enterprise sends to unitholders. A 1.0x ratio means every dollar earned goes out the door. Anything above that is a buffer. Revenue and earnings don’t show this. Enterprise’s revenue rose 60.8% year over year in Q2 2026, but much of that reflects commodity prices passing through its books. Coverage shows whether the payout is funded by the business itself or by borrowing and asset sales.

A 1.9x Cushion Sits Under Every Payment.
In Q2 2026, operational DCF reached a record $2.3B, up 21% from a year earlier. In management’s words, that “provided 1.9 times coverage of the partnership’s cash distribution.” Of that cash, $1.2B went to unitholders, and $1.1B stayed in-house to fund growth projects and buybacks.

The cash comes from volume fees. Pipeline volumes hit a record 14.7 MMBPD, up 8%, and marine terminal volumes rose 33% to a record 2.8 MMBPD. Fees tied to barrels moved hold up better through commodity price swings than profits that depend on the price of those barrels.

That buffer has funded steady increases. The quarterly distribution is now $0.56 per unit, up from $0.545 a year ago, and 2025 marked the 27th consecutive year of distribution growth. The $2.24 annualized payout works out to a yield of about 6.1% at the recent price of $36.76. Units bought before the October 30, 2026 ex-distribution date qualify for the November 13, 2026 payment.

K-1 Paperwork Comes With the Units
Enterprise is a partnership, so unitholders get a Schedule K-1 at tax time instead of a 1099. The K-1 reports “your share of income, deductions, credits, and tax preference items of the partnership,” and partners must report that share “whether or not they are actually distributed to you.” In practice, that means extra filing work, K-1s that are sometimes due late, and a tax picture that is more complicated than a typical dividend stock’s. A tax professional can help, especially if you hold units in a retirement account.

What Would Shrink the Cushion
The main risk is leverage combined with heavy spending. Total debt principal was about $34.2B as of Q1 2026, and the partnership has a $6.5B backlog of growth projects. If new LPG export capacity or the planned Permian gas plants start up late or bring in less volume than expected, DCF could grow more slowly while interest costs keep running. Also note that Q1’s $2.7B DCF included a roughly $600M one-time payment from the Bahia pipeline sale, which won’t repeat.

A bullish sign would be coverage holding above 1.7x as the new projects come online. Coverage moving toward 1.2x to 1.3x would suggest distribution growth may slow. Management has called 2026 a free cash flow turning point, with growth capex stepping down to $2.9B to $3.4B. That should leave more of the retained cash for buybacks under the $5.0B authorization.

Verdict
The 6% yield draws investors in, but the 1.9x coverage ratio shows Enterprise funds its payout from fee income, with nearly a dollar to spare for every dollar it pays out. For income investors sizing up what a mid six-figure balance can actually throw off each month, we outlined the full plan in a free income guide here.

Contact [email protected] for any questions or corrections.
2026-10-22 19:06 7d ago
2026-10-22 13:11 8d ago
MarketAxess má šanci překonat odhady zisku
MKTX MarketAxess Holdings
FMP Stock News 78
Original source text
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering MarketAxess (MKTX - Free Report) , which belongs to the Zacks Financial - Investment Bank industry.

This operator of bond trading platforms has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 4.19%.

For the last reported quarter, MarketAxess came out with earnings of $1.95 per share versus the Zacks Consensus Estimate of $1.88 per share, representing a surprise of 3.72%. For the previous quarter, the company was expected to post earnings of $2.15 per share and it actually produced earnings of $2.25 per share, delivering a surprise of 4.65%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for MarketAxess lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

MarketAxess currently has an Earnings ESP of +8.08%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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