Live financial news intelligence

Track market-moving stories before they get noisy

Real-time pulse of financial headlines curated from 5 premium feeds.

Latest market signal English
Coverage 253,426 Raw stories ingested 39,361 rewritten in CS_CZ • 0 to rewrite (last 7 days).
Agents 7 waiting Pipeline agents
  • FMP Stock News Fetch every minute 58s ago
  • FMP Forex News Fetch every 5 min 2m ago
  • CoinGecko News Fetch every 5 min 2m ago
  • FIO Stock News Fetch every 10 min 3m ago
  • Patria Stock News Fetch every 10 min 3m ago
  • Editorial rewrite Rewrite every minute 58s ago
  • Asset sync Assets every 1 hour 19m ago

Latest coverage

Market News Feed

Scan headlines quickly, then expand any story for source context.

View
Details Date Content Source
2026-10-30 05:27 1d ago
2026-10-29 16:55 2d ago
Aptar Increases Quarterly Dividend to $0.50 Per Share
ATR AptarGroup
FMP Stock News
Original source text
CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Aptar Increases Quarterly Dividend to $0.50 Per Share.
2026-10-30 05:27 1d ago
2026-10-29 17:00 2d ago
Aptar Reports Third Quarter 2026 Results
ATR AptarGroup
FMP Stock News
Original source text
CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Aptar Reports Third Quarter 2026 Results.
2026-10-30 05:27 1d ago
2026-10-29 08:00 2d ago
Alnylam Pharmaceuticals Reports Third Quarter 2026 Financial Results and Highlights Recent Period Progress
ALNY Alnylam Pharmaceuticals
FMP Stock News
Original source text
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), the leading RNAi therapeutics company, today reported its consolidated financial results for the third quarter ended September 30, 2026, and reviewed recent business highlights. “Our third quarter results reflect the continued growth of our TTR franchise and advancement of key programs with the potential for transformative patient impact,” said Yvonne Greenstreet, M.D., Chief Executive Officer of Alnylam. “As we co.
2026-10-30 05:26 1d ago
2026-10-29 23:14 2d ago
What Ameriprise Financial (AMP) Said on Its Q3 Earnings Call
AMP Ameriprise Financial
FMP Stock News
Original source text
5 Stocks to Buy in November: Bargains Worth Giving Thanks ForAmeriprise Financial NYSE: AMP reported higher third-quarter adjusted operating revenue and earnings, supported by asset growth, client activity and advisor productivity, while management highlighted continued investment in technology, advisor support and capital returns.

Excluding the impact of its annual actuarial assumption update, Ameriprise said adjusted operating net revenue rose 10% year over year to $5.1 billion. Adjusted operating earnings increased 14%, while adjusted earnings per share rose 22%. Total assets under management, administration and advisement increased 8% to $1.8 trillion.

Get Ameriprise Financial alerts:

Amprius Technologies' Next Big Rally Could Be Taking ShapeChairman and CEO Jim Cracchiolo said the company was operating in a market environment marked by equity-market gains alongside inflation, higher interest rates and geopolitical uncertainty. He said client demand for financial advice remained an important driver of the company’s performance.

“Clients want to work with an advisor and a firm they can trust, with the advice, investment expertise, and solutions to fully serve their needs,” Cracchiolo said.

Wealth Management Growth and Advisor Productivity
The Bull Case for Amprius Technologies Just Got StrongerAmeriprise’s Wealth Management segment reported adjusted operating net revenue of $3.4 billion, up 13% from a year earlier. Fee-based and transaction-based revenue increased 15%, aided by higher client asset levels and increased activity. Transaction activity rose 6%, primarily due to annuity-product sales and brokerage transactions.

Pre-tax adjusted operating earnings in the segment increased 12% to $989 million, while the segment’s adjusted operating margin was 29%. Chief Financial Officer Walter Berman said the company expects wealth-management margins to remain around that range under normal market conditions.

Total wealth-management client assets rose 8% to $1.2 trillion, while wrap assets increased 12% to $729 billion. Excluding Comerica-related activity, client net inflows increased 56% year over year to $5.3 billion, and wrap net inflows increased 38% to $6.6 billion.

Revenue per advisor climbed 13% to a record $1.2 million. Cracchiolo said Ameriprise recruited 79 experienced advisors during the quarter and reported high retention across its advisor base, including high-90% retention among advisors who have been with the firm for more than 10 years.

Management addressed investor questions about industry recruiting competition and reports concerning retention arrangements. Cracchiolo said Ameriprise does not have a broad retention program, describing its approach as working individually with advisors on practice growth, succession, acquisitions, liquidity and complex-team needs.

Berman said the company’s strategy is centered on organic growth and sustainable profitability rather than broadly structured incentives. He added that some competing recruitment offers appear to have lengthy payback periods, particularly as firms may seek to use higher interest rates to support more aggressive packages.

Huntington Bank Partnership and Technology Investments
Ameriprise completed the transition of approximately 260 Huntington Bank advisors and $28 billion in client assets earlier in October, representing the company’s largest financial institutions group, or AFIG, relationship. Huntington Bank’s acquisition of Cadence Bank is expected to add another 29 advisors and $4 billion in assets to the program in mid-2027.

Cracchiolo said the Huntington relationship expands Ameriprise’s presence in the bank channel and may help demonstrate the company’s ability to support larger institutional partnerships. Management said it continues to engage with other potential partners.

The company also emphasized investments in artificial intelligence and integrated technology. Cracchiolo said advisor practices using current AI capabilities can generate more than 30 hours of additional weekly capacity. Ameriprise has delivered tens of millions of AI-generated insights, with nearly three-quarters of advisor practices using those insights, he said.

During the quarter, the company began an early release of an AI-powered meeting-preparation agent and service assistant. Ameriprise plans to expand those tools in 2027 with broader data integration and additional guided workflows.

Asset Management and Retirement & Protection
In Global Asset Management, assets under management and advisement rose 4% year over year to $743 billion. Segment revenue increased 9% to $990 million, while pre-tax adjusted operating earnings rose 18% to $308 million. The segment’s adjusted operating margin was 46%, and the underlying fee rate was approximately 48 basis points.

Cracchiolo said asset-management flows were affected by certain larger institutional mandates and client asset-allocation decisions. He said the company expects institutional activity to improve and cited opportunities in alternatives, real estate, active exchange-traded funds, separately managed accounts and model portfolios.

The company said 78% of its retail funds ranked above the median of peers over three years, 74% did so over five years, and 87% did so over 10 years. Ameriprise also announced a strategic collaboration with Hamilton Lane initially focused on launching a public-private growth equity interval fund in the coming months.

Retirement & Protection Solutions generated $198 million in pre-tax adjusted operating earnings excluding unlocking. Sales increased 24%, driven by demand for structured variable annuities, variable annuities without living-benefit riders and variable universal life insurance.

Ameriprise’s annual actuarial assumption update resulted in an unfavorable after-tax impact of $74 million. Berman said the company’s long-term care business was performing in line with expectations and that policyholder behavior remained within the company’s anticipated range.

Capital Returns and Balance Sheet
Ameriprise returned $1 billion of capital to shareholders during the quarter, representing 93% of operating earnings. The company repurchased 4.9 million shares at an average price of $491 and ended the quarter with $2 billion of excess capital and $2.3 billion of holding-company available liquidity.

The board authorized a new $5.5 billion share-repurchase program through Sept. 30, 2028. Berman said the higher repurchases during the quarter reflected what management viewed as an opportunistic use of its capital capacity.

Return on equity, excluding unlocking, rose to 56% from 52.8% a year earlier. Over the past 12 months, Ameriprise said revenue grew 11%, adjusted earnings per share increased 19%, and the company returned $3.9 billion of capital to shareholders.

About Ameriprise Financial (NYSE:AMP)Ameriprise Financial, Inc NYSE: AMP is a diversified financial services company that provides advice, wealth management, asset management, insurance and retirement solutions. Through its network of financial advisors and digital platforms, the company serves individuals, families, businesses and institutions with financial planning, investment management and related services.

Its products and services include brokerage and advisory accounts, mutual funds and exchange-traded funds, retirement plans, annuities, life and long-term care insurance, banking services and financial planning.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Ameriprise Financial Right Now?Before you consider Ameriprise Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameriprise Financial wasn't on the list.

While Ameriprise Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. Discover 10 stocks set to benefit from powerful trends in AI infrastructure, cloud computing, energy, capital returns, and consumer growth this fall.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 05:26 1d ago
2026-10-30 00:14 2d ago
California Water Service Group Q3 Earnings Call Highlights
CWT California Water Service Group
FMP Stock News
Original source text
Top 3 Utilities Stocks Powering Up as Recession Fears RiseCalifornia Water Service Group NYSE: CWT reported third-quarter net income of $65.4 million, or $1.05 per diluted share, compared with $61.2 million, or $1.03 per share, a year earlier, as higher authorized rates and customer additions outweighed lower water usage and increased costs.

Revenue rose 6.7% year over year to $332.2 million. Chief Financial Officer Jim Lynch said rate changes and new customers contributed $22.1 million of additional revenue, while changes in the Drought Response Memorandum Account added $3.9 million. Those gains were partly offset by a $4.4 million reduction associated with lower customer water usage.

Get CWT alerts:

Dividend Aristocrats or Dividend Kings: Which Is Best for You?For the first nine months of 2026, net income increased to $125.9 million, or $2.07 per diluted share, from $116.7 million, or $1.96 per share, in the comparable 2025 period. Year-to-date revenue increased 9.6% to $855.3 million.

Expenses Rise as Company Funds Conservation and Growth
Third-quarter operating expenses increased 3.7% to $249.5 million. Water production costs were largely unchanged, as higher wholesale water costs were offset by lower customer usage, Lynch said. Other operations expenses rose $4.1 million, primarily because of a $2.8 million increase in water-conservation program expenditures.

Year-to-date operating expenses rose 7.6% to $683.6 million. The increase included a 14.1% rise in water production costs, reflecting higher wholesale-water costs, as well as $19.9 million in higher other operating expenses. The company cited $8.1 million in deferred Water Revenue Adjustment Mechanism costs and $5.5 million in higher conservation-program spending.

The company also reported higher income taxes due to increased pretax operating income and a scheduled reduction in Tax Cuts and Jobs Act refunds. In addition, gains on investments supporting its non-qualified benefit plan declined, while business acquisition expenses increased by $4.1 million year over year through the first nine months.

Chairman and Chief Executive Officer Marty Kropelnicki said the company has been managing inflation within its operating budgets, though costs for fuel and materials have risen. He said the company is paying “essentially 20%-30% more for fuel year-over-year” while operating nearly 1,000 vehicles daily.

Lynch said the company strengthened its supply chain during the COVID-19 period by advancing purchases of hard-to-obtain inventory, leaving it relatively well positioned from an availability standpoint. “It’s really a cost issue,” he said.

Capital Spending Reaches $425 Million Through Nine Months
California Water Service spent $148 million on capital projects during the third quarter, bringing year-to-date infrastructure investment to $425 million. Lynch said the company’s 10-year compounded annual growth rate for capital investment is about 11%.

Kropelnicki said the company expects its 2026 capital spending to support its ability to seek a portion of an estimated $49 million in available step-rate increases for 2027. Under California’s regulatory framework, the increases are subject to an earnings test tied to the company’s ability to place preapproved capital into service.

The company expects to file for the step increase around Nov. 15. Kropelnicki said he anticipates the company will “do very well” in seeking the increase.

Management projected compounded annual rate-base growth of nearly 12%, reaching approximately $3.5 billion by the end of 2028, assuming planned capital investments are completed on schedule.

Capital spending can shift between years because of permitting, weather and other conditions, Kropelnicki said. The company plans to accelerate as much fourth-quarter work as possible ahead of potentially heavy El Niño-related rainfall, which could slow construction in the first quarter.

Financing, Dividend and Acquisitions
At quarter-end, the company had $45.1 million in cash and cash equivalents, $45.8 million in restricted cash, $200 million in available short-term borrowing capacity at the parent company and $225 million at its California Water Service subsidiary, subject to borrowing conditions.

During the quarter, California Water Service raised $49.8 million through its at-the-market equity program and entered forward-sale agreements expected to generate another $77.8 million in net proceeds when settled. It also signed agreements for $125 million in unsecured parent-level debt and $150 million in mortgage bonds at Cal Water, with maturities ranging from 2031 to 2056.

Lynch said the company believes it has funding sufficient to reduce short-term debt balances and finance initiatives into the first half of 2027, including planned acquisitions of Oregon and Nevada systems from Nexus Water Group. He added that the company was well positioned into the first half of 2027 and potentially through the third quarter before evaluating additional financing needs.

The company’s board declared its 327th consecutive quarterly dividend of $0.34 per share. That puts the indicated 2026 dividend at $1.34 per share, up 8.1% from 2025. Kropelnicki said management targets dividend growth of at least 7% and generally seeks a payout ratio between 50% and 60%, recognizing that the ratio may vary during a California rate-case cycle.

California Water Service received Oregon regulatory approval for the Nexus change-in-control application, following Nevada approval in August. Kropelnicki said the company expects to close the Oregon and Nevada acquisitions before year-end. Estimated one-time integration costs are between $7 million and $9 million, with expenses spanning 2026 and 2027.

Regulatory Updates and PFAS Program
During the quarter, the Washington Utilities and Transportation Commission approved a $4.1 million revenue increase effective Oct. 1 for the company’s Washington subsidiary. Hawaii regulators approved a $1.94 million increase for its Kapalua systems.

In California, regulators authorized an advice-letter process for the company to seek approximately $113 million in PFAS-related capital costs and an additional $2.5 million in expenses for certain PFAS projects.

The company has approximately $228 million in gross planned PFAS investments across California, New Mexico and Washington, including treatment facilities and new wells. It invested $23.3 million through the third quarter, bringing total PFAS program investment to date to $47.5 million. The company has 65 projects planned, including 18 California sites under construction.

Kropelnicki said the company has recovered $59.4 million in net litigation proceeds from parties it said contributed to PFAS and PFOA contamination. Those proceeds are expected to offset the planned investment, resulting in an estimated net rate-base addition of roughly $169 million.

The company also said its median California customer bill represented about 0.88% of median household income, below the Environmental Protection Agency guideline that bills below 2% of average household income are generally considered affordable.

Separately, Kropelnicki said the Texas Commission had placed the company’s rate-case decision on its Nov. 5 agenda for approval. Its BVRT subsidiary’s consolidated rate case remains under review with interim rates in effect, while the company said BVRT added 12% more customers year to date during the third quarter.

About California Water Service Group (NYSE:CWT)California Water Service Group NYSE: CWT is a holding company that provides water utility services through its regulated operating subsidiaries. The company supplies clean water for residential, commercial, industrial and institutional customers, and its operations include the production, treatment, storage, distribution and delivery of water. Some of its subsidiaries also provide wastewater collection and treatment services.

The company's principal subsidiary, California Water Service Company, serves communities throughout California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in California Water Service Group Right Now?Before you consider California Water Service Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and California Water Service Group wasn't on the list.

While California Water Service Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 05:26 1d ago
2026-10-29 23:21 2d ago
Tyler Technologies: 3 Key Takeaways for Long-Term Investors
TYL Tyler Technologies
FMP Stock News
Original source text
On its third-quarter 2026 earnings call, held on Oct. 29, 2026, Tyler Technologies (TYL +3.61%) reported record quarterly free cash flow, which represents cash generated after operating expenses and capital investments, of $277 million. Steady expansion in recurring revenue strengthens balance-sheet liquidity for capital-allocation priorities. Three things management said stand out.

1. Cloud Migrations Accelerate Through Legacy DisincentivesTyler is shifting state and local government clients toward cloud platforms by setting end-of-life support timelines for legacy systems. This push creates a clear path to expanding software-as-a-service (SaaS) subscriptions.

What we have done in the last few years around version consolidation, and yes, now with our Cloud Living initiatives, I think we are at the point where now we can be much more proactive, and we are starting to take those steps.
-- Lynn Moore, Executive Chair, President, and Chief Executive Officer2. Transaction-Funded Agreements Provide Budget-Insulated GrowthSoftware contracts funded through transaction user fees allow government agencies to adopt applications without legislative budget appropriations. This structure insulates deal growth from local fiscal cycles.

While it is not the primary way our software model works, it is a model that is very attractive, especially to state government clients, because they do not have to budget funds. They are not appropriated funds, and they are not affected by budget pressures.
-- Brian Miller, Executive Vice President and Chief Financial Officer3. Integrated AI Capabilities Surpass Standalone Software ToolsPublic sector buyers prefer artificial intelligence features embedded directly within core workflows rather than third-party add-ons. Integrated automated tools give clients practical efficiency gains that drive faster contract wins.

They're looking to us to help make their jobs better and their citizens' lives better. But again, they're wanting it to come from inside our systems, not external bolt-ons.
-- Lynn Moore, Executive Chair, President, and Chief Executive OfficerLooking AheadMomentum across public sector accounts builds as agencies modernize essential public management software. Deep product integration and multi-tenant cloud architecture provide structural advantages that sustain execution discipline.

We enter the fourth quarter well-positioned to deliver a strong finish to 2026 and confident in the long-term growth initiatives that underpin our Tyler 2030 objectives.
-- Lynn Moore, Executive Chair, President, and Chief Executive OfficerShare repurchases and disciplined acquisitions further reinforce capital return goals while client cloud transitions compound recurring software revenue through 2030.

We have the right strategic initiatives, and we have the right people in place to execute on them.
-- Lynn Moore, Executive Chair, President, and Chief Executive OfficerThe Motley Fool has positions in and recommends Tyler Technologies. The Motley Fool has a disclosure policy.
2026-10-30 05:25 1d ago
2026-10-29 07:00 2d ago
Hilton Grand Vacations Reports Third Quarter 2026 Results
HGV Hilton Grand Vacations
FMP Stock News
Original source text
ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its third quarter 2026 results. Third Quarter 2026 Results1 Total contract sales were $807 million, a decrease of 11.0% compared to the third quarter of 2025. Total revenues were $1.961 billion. Total revenues were affected by a net construction recognition of $536 million. Net income attributable to stockholders was $291 million and diluted EPS was $3.70. Adjusted net income attributa.
2026-10-30 05:24 1d ago
2026-10-29 16:05 2d ago
The Bancorp Reports 3Q 2026 EPS of $1.53, ROA of 2.51%, and ROE of 36.0% Powered by Continuous and Sustained Growth in Fintech Fees
TBBK The Bancorp
FMP Stock News
Original source text
WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (NASDAQ: TBBK) (the "Company" or "we" or "our"), a financial holding company, today reported its financial results for the third quarter of 2026, reporting net income of $62.8 million and $1.53 per diluted share for the quarter, reflecting diluted EPS growth of 29.7% from the third quarter of 2025. “It was a very eventful quarter for The Bancorp,” said Damian Kozlowski, CEO of The Bancorp, Inc. “We continued with strong momentum in Fintech an.
2026-10-30 05:24 1d ago
2026-10-29 16:05 2d ago
Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
AUB Atlantic Union Bankshares Corp
FMP Stock News
Original source text
-

RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.40 per share of common stock, which is a $0.03, or an 8.1%, increase from the dividend in the third quarter of 2026 and the dividend in the fourth quarter of 2025. Based on the Company’s common stock closing price of $39.26 on October 28, 2026, the dividend yield is approximately 4.1%. The common stock dividend is payable on November 27, 2026 to common shareholders of record as of November 13, 2026.

The Board also declared a quarterly dividend on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A preferred stock”). The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on December 1, 2026 to holders of record as of November 16, 2026.

About Atlantic Union Bankshares Corporation

Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.

More News From Atlantic Union Bankshares Corporation

Back to Newsroom
2026-10-30 05:23 1d ago
2026-10-29 16:05 2d ago
Edison International Reports Third Quarter 2026 Results
EIX Edison International
FMP Stock News
Original source text
ROSEMEAD, Calif.--(BUSINESS WIRE)--Edison International (NYSE: EIX) today reported third-quarter net income of $724 million, or $1.88 per share, compared to net income of $832 million, or $2.16 per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $738 million, or $1.92 per share, compared to core earnings of $901 million, or $2.34 per share, in the third quarter of last year. Southern California Edison's third-quarter 2026 core earnings per share (EPS) dec.
2026-10-30 05:23 1d ago
2026-10-29 23:00 2d ago
Visteon: 3 Key Takeaways for Long-Term Investors
VC Visteon
FMP Stock News
Original source text
On its third-quarter 2026 earnings call, held on Oct. 22, 2026, Visteon (VC +1.12%) announced 6% year-over-year sales growth to $970 million despite lower customer vehicle production. The automotive technology supplier faces near-term cost pressures from component inflation and warranty charges. However, expanding high-performance compute (HPC) software installations and market share gains in Asia offer durable revenue drivers. Three key takeaways from management's presentation stand out for long-term investors.

1. Domestic Chinese Automakers Drive High-Performance Compute GrowthVisteon is shifting its regional business away from international vehicle manufacturers in China. The company is securing new software programs with domestic automakers that are expanding market share through cockpit artificial intelligence.

While our international OEM customers continue to face lower demand, we are successfully repositioning our China business toward domestic OEMs that are gaining share. Domestic OEMs now account for approximately half of our China sales, compared with just over one-third a year ago.
-- Sachin Lawande, President and Chief Executive Officer2. Strategic Supply Agreements Offset Rising Memory CostsA tight supply of memory and printed circuit board (PCB) components is raising manufacturing costs across the industry. Visteon is negotiating long-term vendor agreements and redesigning products to protect its inventory ahead of expected production needs.

For the 2027 anticipated demand, we believe that we have secured a substantial portion of that demand already through this combination with strategic supply agreements plus commitments that we have from new suppliers.
-- Sachin Lawande, President and Chief Executive Officer3. Commercial Recoveries Protect Core Operating PerformanceThe company absorbed $77 million in third-quarter warranty expenses tied to two instrument cluster programs. Even with component cost inflation, price adjustments negotiated with carmakers helped offset ongoing increases in operational costs.

Net customer recoveries for electronic cost inflation, including both legacy costs and 2026 inflation, contributed approximately $50 million to sales, a year-over-year increase of approximately $20 million, more than offsetting normal pricing reductions.
-- Jerome Rouquet, Senior Vice President and Chief Financial OfficerLooking AheadVehicle production schedules face persistent constraints from memory shortages, but new display product launches across Europe and Asia keep sales outperforming the broader market. Visteon relies on custom software integration and partnerships with semiconductor suppliers to maintain pricing discipline across its cockpit domain controller lines.

Demand for our advanced cockpit products remains healthy, supported by recent launches and increasing content per vehicle, even as industry vehicle production and component availability remain challenging.
-- Sachin Lawande, President and Chief Executive OfficerManagement plans to expand its high-performance compute platform into export markets as automobile manufacturers transition to next-generation software architectures.

The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2026-10-30 05:22 1d ago
2026-10-29 16:06 2d ago
Schneider and Norfolk Southern partner to expand domestic intermodal capacity across the eastern U.S.
NSC Norfolk Southern Corporation
FMP Stock News
Original source text
GREEN BAY, Wis. & ATLANTA--(BUSINESS WIRE)--Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, and Norfolk Southern Corporation (NYSE: NSC) today announced a strategic agreement that combines Schneider's 35 years of intermodal expertise, professional company drivers, company-owned assets and logistics capabilities with Norfolk Southern's extensive eastern U.S. intermodal network and ongoing infrastructure investments. The p.
2026-10-30 05:21 1d ago
2026-10-29 08:00 2d ago
Fifth Third Private Bank Wins Datos Insights 2026 Award for Portfolio Management Innovation
FITB Fifth Third Bancorp
FMP Stock News
Original source text
CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank, a division of Fifth Third Bancorp (NYSE: FITB), has received the 2026 Datos Insights Impact Award for Best Innovation in Portfolio Management. The recognition honors Fifth Third's implementation of a unified investment platform designed to help its professionals deliver more personalized portfolio strategies, enhance investment oversight and respond more efficiently as clients' financial needs evolve."To be recognized by Datos Insights is a.
2026-10-30 05:21 1d ago
2026-10-29 10:00 2d ago
Rosen Law Firm Urges Everest Group, Ltd. (NYSE: EG) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
EG Everest Group
FMP Stock News
Original source text
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces a class action on behalf of purchasers of common stock of Everest Group, Ltd. (NYSE: EG) between February 8, 2024 and October 27, 202, inclusive (the “Class Period”). Everest is a commercial property and casualty insurer and reinsurer. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Evere.
2026-10-30 05:21 1d ago
2026-10-29 16:25 2d ago
Lost Money on Everest Group, Ltd. Shares? The Law Offices of Frank R.
EG Everest Group
FMP Stock News
Original source text
-

Investigation centers on the October 27, 2025 news about Everest Group, Ltd.; investors with losses may have potential claims to recover them

LOS ANGELES--(BUSINESS WIRE)--Everest Group, Ltd. ("Everest" or the "Company") investors who lost money may have claims to recover their losses. The Law Offices of Frank R. Cruz today announced it is investigating potential securities fraud claims on behalf of investors in Everest Group, Ltd. (NYSE: EG), examining whether the Company may have violated the federal securities laws. The investigation centers on the disclosure about Everest Group, Ltd. on October 27, 2025.

If you lost money on Everest Group, Ltd. securities, share your Everest Group, Ltd. loss information with the firm to learn about potentially pursuing a claim to recover your losses.

Everest Group, Ltd. investigation at a glance

Date of disclosure: October 27, 2025Share price decline: $39.07 per share, or 11.4%Closing price: $304.91 on October 28, 2025What happened?

On October 30, 2024, Everest released its third quarter 2024 results and disclosed that that loss activity in its U.S. casualty business had “definitely spiked” and that rate increases had accelerated into the high teens. Everest further disclosed that its annual casualty reserve review was underway and would be completed during the fourth quarter.

On this news, Everest stock fell $24.39 or 6.42%, to close at $355.61 per share on October 31, 2024, thereby injuring investors.

Then, on January 27, 2025, Everest announced $1.7 billion in reserve strengthening, including approximately $1.3 billion related to U.S. casualty losses in Everest’s Insurance segment, principally from accident years 2020 through 2024. Its new Chief Executive Officer (CEO) acknowledged that Everest's underwriting choices contributed significantly to the losses.

On this news, Everest stock fell $21.49 or 5.8% over the following two consecutive trading days, to close at $351.51 per share on January 29, 2025, thereby further injuring investors.

Then, on October 27, 2025, Everest disclosed $478 million in unfavorable prior-year reserve development, driven principally by U.S. casualty losses. Everest also entered into an agreement providing $1.2 billion in protection against further adverse development on approximately $5.4 billion of North American Insurance and Other segment reserves for accident years 2024 and prior.

On this news, Everest stock fell $39.07 or 11.4%, to close at $304.91 per share on October 28, 2025, further injuring investors.

"Everest Group, Ltd. shares dropped 11.4% after it was disclosed on October 27, 2025 that Everest had recorded $478 million in unfavorable prior-year reserve development, driven principally by U.S. casualty losses, and had entered into an agreement providing $1.2 billion in protection against further adverse development on approximately $5.4 billion of reserves. Our investigation will look at whether investors had complete and accurate information before that disclosure," said Frank R. Cruz of The Law Offices of Frank R. Cruz.

What should Everest Group, Ltd. investors do now?

The Law Offices of Frank R. Cruz is investigating potential claims on behalf of Everest Group, Ltd. investors. Investors who lost money can visit the Everest Group, Ltd. investigation page, email [email protected], or call 310-914-5007.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

Questions and answers about the Everest Group, Ltd. investigation

Who is eligible? Investors who purchased Everest Group, Ltd. securities and suffered losses may have claims, and can contact the firm to find out whether the Everest Group, Ltd. investigation affects them.

What does a securities fraud investigation involve? In the Everest Group, Ltd. investigation, The Law Offices of Frank R. Cruz is examining whether the Company or its executives may have made false or misleading statements to investors in violation of the federal securities laws.

Is there a lawsuit? This release announces an investigation by The Law Offices of Frank R. Cruz, not a lawsuit. If a securities class action is later filed against Everest Group, Ltd., investors may be able to seek appointment as lead plaintiff.

How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so Everest Group, Ltd. investors pay no attorneys' fees up front. Any attorneys' fees and litigation expenses come only from a recovery, if there is one, and require court approval.

Information for whistleblowers

Anyone with non-public information about Everest Group, Ltd. should consider their options to assist the investigation or participate in the SEC Whistleblower Program. The program allows whistleblowers who provide original information leading to a successful SEC enforcement action to receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Frank R. Cruz at 310-914-5007 or email [email protected].

About The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.

Prior results do not guarantee a similar outcome.

Related links

Everest Group, Ltd. investigation page, The Law Offices of Frank R. CruzEverest Press ReleaseEverest Group, Ltd. SEC filings index, EDGARSEC Whistleblower ProgramThe Law Offices of Frank R. CruzThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

More News From The Law Offices of Frank R. Cruz

Back to Newsroom
2026-10-30 05:18 1d ago
2026-10-30 00:16 2d ago
CC Shareholders Have Rights – If You Lost Money Investing in The Chemours Company Contact Robbins LLP for Information About Recovering Your Losses
CC Chemours
FMP Stock News
Original source text
SAN DIEGO, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of persons or entities who purchased or otherwise acquired The Chemours Company (NYSE: CC) securities between February 20, 2026 and August 4, 2026, inclusive (the “Class Period”). Chemours offers a range of industrial and specialty chemical products for markets including, as relevant here, refrigeration and air conditioning.
2026-10-30 05:18 1d ago
2026-10-29 16:05 2d ago
Columbia Sportswear Company Reports Third Quarter 2026 Financial Results; Updates Full Year 2026 Financial Outlook
COLM Columbia Sportswear
FMP Stock News
Original source text
PORTLAND, Ore.--(BUSINESS WIRE)--Columbia Sportswear Company (NASDAQ: COLM, the “Company”), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, today announced third quarter 2026 financial results for the period ended September 30, 2026. Chairman and Chief Executive Officer Tim Boyle commented, “We're pleased to have delivered net sales and EPS growth exceeding our guidance for the third quarter. These results.
2026-10-30 05:17 1d ago
2026-10-29 16:05 2d ago
Hercules Capital Reports Third Quarter 2026 Financial Results
HTGC Hercules Capital
FMP Stock News
Original source text
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules,” “Hercules Capital,” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the third quarter ended September 30, 2026. The earnings release can be accessed at Hercules' Investor Relations website at ht.
2026-10-30 05:16 1d ago
2026-10-29 06:00 2d ago
L3Harris Delivers Record Backlog and Strong Third-Quarter Results
LHX L3Harris Technologies
FMP Stock News
Original source text
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) reported its third quarter 2026 results. “Our team's exceptional execution delivered solid financial performance in the third quarter. We grew backlog to record levels, underscoring the consistently strong demand for our mission-critical capabilities. Our priority now is to convert that demand into results. We will continue to invest in production capacity and differentiated capabilities across missiles and missile solutions, s.
2026-10-30 05:16 1d ago
2026-10-29 18:00 2d ago
Alliant Energy Announces Third Quarter 2026 Results and 2027 Guidance
LNT Alliant Energy
FMP Stock News
Original source text
MADISON, Wis.--(BUSINESS WIRE)--Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) of $1.52 for the third quarter of 2026, compared to $1.09 for the third quarter of 2025. For the first nine months of 2026, Alliant Energy reported EPS of $3.04, a 17% increase from $2.59 for the same period in 2025. Ongoing EPS for the first nine months of 2026 was $2.99, a 14% increase from $2.62 for the s.
2026-10-30 05:16 1d ago
2026-10-29 16:05 2d ago
Apartments.com Releases Multifamily Rent Growth Report for October 2026
CSGP CoStar Group
FMP Stock News
Original source text
-

National monthly rent growth slightly negative in October even as annual growth improves

ARLINGTON, Va.--(BUSINESS WIRE)--Today Apartments.com, an industry-leading online marketplace of CoStar Group, Inc. (NASDAQ: CSGP), published its latest report on multifamily rent trends for October 2026.

U.S. apartment rents were slightly negative in October, with the national average falling -0.15% to $1,749 from September's level of $1,752. This marked a second consecutive month of modest declines following nine months of positive to flat rent increases. On an annual basis, rent growth accelerated to +1.6% in October 2026 from +1.5% in September and was up from the +0.9% reading recorded one year earlier.

The September 2026 national average was initially reported as $1,752 and a -0.08% month-over-month decrease and has been revised upward to $1,753 and -0.06%.

While apartment rent growth typically slows in the fall leasing season, rents have held relatively steady this fall, suggesting the market is beginning to find its footing after more pronounced seasonal declines over the past two years. The -0.15% month-over-month decline in October was milder than the -0.25% decline recorded in October 2025 and similar to the -0.13% decline in October 2024. Annual rent growth also continues to trend higher, though elevated supply levels remain a constraint on pricing momentum nationally.

Regional monthly rent changes remained modest in October, while annual growth was positive across all five regions. Monthly declines were most pronounced in the Mountain region, down -0.4%, followed by the South at -0.3% and the Pacific at -0.2%. The Northeast and Midwest each recorded smaller -0.1% declines. On an annual basis, regional performance remained uneven. The Pacific, Northeast and Midwest recorded the strongest year-over-year rent growth, at +2.6%, +2.4% and +2.3%, respectively. Annual rent growth remained subdued in the South.

The Mountain region recorded the slowest annual rent growth at +0.2%, though it returned to positive territory after posting a decline in September. Performance across Western markets continues to diverge, with supply-heavy Mountain metropolitan areas facing greater pressure than more supply-constrained Pacific markets.

Monthly rent growth remained limited across the top 50 markets in October, though most changes were modest. Just 1 market posted a month-over-month increase, 7 had unchanged rents and 42 recorded declines when rounded to one decimal place. Norfolk led monthly rent growth with a +0.2% increase. The largest monthly declines were recorded in Louisville at -0.7%, followed by Denver, Austin and Seattle at -0.6% each. Las Vegas, Salt Lake City, San Antonio, Charlotte and Boston also posted declines of roughly -0.4% to -0.5%.

Annual rent growth continued to broaden in October, with the number of top 50 markets posting declines falling to just 11. Raleigh, Atlanta and Austin were among the markets that moved into positive territory. San Francisco continued to outperform, posting rent growth of +12.9%, followed by San Jose at +8.4%, East Bay at +6.3% and Norfolk at +5.5%. Markets experiencing the largest supply-demand imbalance remained under pressure, led by Las Vegas with a -1.9% annual decline and San Antonio at -1.8%. Houston and Orlando followed at -0.8%, while Charlotte declined -0.7%, reflecting that new supply continues to outpace demand in these markets.

Although monthly rents edged lower across all five regions in October, annual growth strengthened and remained positive in each region. Together with the relatively modest national decline, the results suggest the apartment market is holding up better this fall than during the past two years. Performance continues to vary widely and remains closely tied to local supply conditions, while a substantial, though gradually easing, inventory overhang continues to moderate rent growth nationally.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a leading global provider of online real estate marketplaces, information, analytics, and digital twins in the property markets. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces.

CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Zonda, a leading provider of data, analytics, software, and marketplace solutions for the residential construction industry; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 121 million average monthly unique visitors in the third quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

More News From CoStar Group

Back to Newsroom
2026-10-30 05:16 1d ago
2026-10-29 16:05 2d ago
Homes.com Shares Most Expensive Home Sales Across Major U.S. Markets in September
CSGP CoStar Group
FMP Stock News
Original source text
ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a leading online residential marketplace and part of CoStar Group (NASDAQ: CSGP), today published an analysis of the most expensive publicly marketed home sales across major U.S. metropolitan areas for the month of September. The full analysis is available here. The list highlights the top closed sales in leading markets nationwide, based on publicly marketed transactions recorded in Multiple Listing Service (MLS) data. September's most expensive publ.
2026-10-30 05:15 1d ago
2026-10-30 00:58 2d ago
EUR/USD Price Forecast: Holds gains to near 1.1200, while staying below key technical resistance
EURUSD EUR/USD
FMP Forex News
Original source text
The EUR/USD pair trades in positive territory around 1.1190 during the early European trading hours on Friday. A hawkish pause from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). Traders brace for the preliminary readings of Q3 Gross Domestic Product (GDP) from Germany and the Eurozone later on Friday.

The ECB decided to hold its deposit rate at 2.50%, as widely expected, after raising it by 25 basis points (bps) in September. According to a statement, the Governing Council said that rising energy prices posed upside risks to the inflation outlook and downside risks to growth, but that underlying inflation and wages were so far broadly stable.

Money markets were pricing in around a 67% chance of a rate hike in December following the announcement, according to LSEG data.

Euro holds steady as ECB faces energy shock and December hike debateStrategists at Scotiabank note that market pricing still leans toward additional tightening, with “markets expect a further 25bps hike in December, where many forecasters (including Scotia) think policymakers will halt.” They caution that “we likely won’t get insight into that prospect today,” but expect President Lagarde to “frame the outlook in a way that keeps the door open to a December move amid elevated energy prices whilst maintaining optionality in the face of uncertainties.”

The bank highlights the inflation challenge posed by the energy backdrop, pointing out that “benchmark European Natgas prices are roughly double the ECB’s September forecast and some 30% above the ‘adverse’ scenario amid tight supplies and low storage.” From a technical perspective, Scotiabank remains “neutral/bearish – The EUR remains technically soft but key support defined by the mid-October low at 1.1113 continues to hold.”

Lagarde flags upside inflation risks but sticks to measured Euro stanceThe FXS Speechtracker score of 6.2/10 is only marginally above the historic 6.1/10 baseline, signalling a broadly consistent tone with a slight tilt toward concern on inflation. Lagarde highlighted that the Euro area economy is expanding in Q3 and that near-term growth should be underpinned by AI investment, government spending and a pickup in exports, but also stressed that renewed energy price increases, tighter financial conditions and fiscal uncertainty are weighing on confidence and leave growth risks skewed to the downside.

On inflation, the emphasis on energy prices rising beyond the baseline, early-stage pricing chain pressures, wage growth around 2.5%-2.8% and headline inflation likely well above target in coming quarters marks a hawkish shift, reinforced by the statement that risks to inflation are to the upside. Yet the unanimous decision to hold rates, the focus on a “measured approach” and the importance of incoming data and underlying inflation in the next information-rich period suggest the ECB is not pre-committing to further tightening, which tempers the hawkish bias and keeps the Euro supported but capped pending new data.

Technical Analysis: EUR/USD retains a negative tone under the 100-day SMAIn the daily chart, EUR/USD retains a bearish tone as it holds below the 100-day simple moving average (SMA) and beneath the Bollinger Bands middle line. The pair is edging closer to the lower Bollinger band support, while the 14-period Relative Strength Index around 41 remains subdued, suggesting weak recovery momentum despite the recent stabilization.

On the topside, immediate resistance level is clustered near the Bollinger Bands middle line at 1.1200, en route to the upper boundary of Bollinger band 1.1265 and the June 24 low of 1.1325. The next hurdle to watch is the 100-day SMA at 1.1432. 

On the downside, the lower limit of Bollinger band at 1.1135 offers initial support level. A clear break below this level would likely open the door to the 1.1100 psychological level, followed by the May 12, 2025 low of 1.0951.  

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
2026-10-30 05:15 1d ago
2026-10-29 08:30 2d ago
Bruster's Real Ice Cream Adopts Aloha Next by NCR Voyix to Modernize Technology Across Its 230 Stores
VYX NCR Voyix
FMP Stock News
Original source text
ATLANTA--(BUSINESS WIRE)--NCR Voyix (NYSE: VYX), a platform-powered leader in unified commerce for shopping and dining, today announced a multi-year Voyix Commerce Platform agreement with Bruster's Real Ice Cream (“Bruster's”), a leading ice cream franchise and long-standing customer of NCR Voyix. Under the new agreement, Bruster's will deploy Aloha Next point-of-sale and Voyix Kitchen on nearly 700 devices across its network of 230 stores, including both corporate-owned restaurants and franchi.
2026-10-30 05:14 1d ago
2026-10-29 10:00 2d ago
Comcast Breaks Ground to Bring Xfinity Reliable, Fiber-Powered Internet and Comcast Business Advanced Solutions to Barrington, New Hampshire
CCZ Comcast
FMP Stock News
Original source text
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Construction underway to bring Xfinity and Comcast Business high-speed, reliable Internet to over 4,000 homes and businesses in Barrington, NH.
2026-10-30 05:14 1d ago
2026-10-29 09:00 2d ago
Cadence Joins the Genesis Mission Consortium to Advance AI-Driven Scientific Discovery and Microelectronics Innovation
CDNS Cadence Design Systems
FMP Stock News
Original source text
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced it has joined the Genesis Mission™ Consortium, the U.S. Department of Energy (DOE) public-private partnership using artificial intelligence (AI) to accelerate scientific discovery, strengthen national security and advance energy innovation. Cadence will contribute AI-enabled design and simulation technology and technical expertise to collaborate with DOE National Laboratories to support Genesis Mission priorities in advan.
2026-10-30 05:12 1d ago
2026-10-29 16:22 2d ago
Voya Financial increases common dividend and declares preferred stock dividend
VOYA Voya Financial
FMP Stock News
Original source text
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) announced today that its board of directors has declared a 21% increase in the company's common stock dividend to $0.57 per share from $0.47 per share for the fourth quarter of 2026. The common stock dividend is payable on December 29, 2026, to shareholders of record as of November 24, 2026. Additionally, Voya's board declared a quarterly dividend of $13.3750 per share on the company's Series B 5.35% fixed-rate reset non-cumulative pr.
2026-10-30 05:11 1d ago
2026-10-29 23:14 2d ago
Builders FirstSource Q3 Earnings Call Highlights
BLDR Builders FirstSource
FMP Stock News
Original source text
Industrial Buybacks: Top Homebuilding Supplier Leads Buyback IncreasesBuilders FirstSource NYSE: BLDR reported third-quarter 2026 results that management said met its expectations despite continued softness in single-family housing activity, as cost actions, productivity measures and value-added offerings helped mitigate lower volumes.

Net sales fell approximately 2% year over year to $3.9 billion. Core organic sales declined 6% in single-family, increased 2% in multifamily and were roughly flat in repair and remodel. Adjusted EBITDA declined 28% to $311 million, while adjusted EBITDA margin decreased 290 basis points to 8.1%.

Get Builders FirstSource alerts:

Potential Rate Cuts Could Benefit These FirmsCEO Peter Jackson said mortgage rates moving back above 7% during the quarter and weak consumer confidence continued to constrain new-home demand. Still, the company maintained the midpoints of its full-year sales and adjusted EBITDA outlook, saying single-family starts were tracking with assumptions established in the prior quarter.

Margins pressured by volumes and operating leverage
Gross profit declined 11% to $1.1 billion, and gross margin fell 260 basis points to 27.8%. CFO Pete Beckmann attributed the decline primarily to lower housing starts and related market headwinds. He said adjusted selling, general and administrative expense declined by $5 million as lower variable compensation, reduced headcount and cost actions more than offset higher insurance, fuel and delivery costs as well as acquired operations.

Insiders Spent Millions on These 3 Stocks Over the Past 2 MonthsAdjusted earnings per share were $1.51, down 25% from the prior year, as lower adjusted net income was partly offset by share repurchases. Beginning in the third quarter, Builders FirstSource changed its adjusted EPS and adjusted net income definitions to align them with adjusted EBITDA, including the exclusion of stock compensation expense, severance and other management-identified adjustments. Prior periods were recast under the revised definition.

Jackson said competitive conditions had stabilized following aggressive pricing earlier in the year, though the company remains watchful for changes if housing starts weaken further. Beckmann said the implied fourth-quarter gross margin would be slightly below the third-quarter level, reflecting seasonal factors, fixed-cost deleveraging and customers moderating activity to balance inventory with sales.

Cost actions and market-share efforts
The company said it remains on track to deliver $115 million of cost actions in 2026, or $140 million on a full-run-rate basis, with $25 million of the savings expected to benefit next year. The actions include facility consolidations, changes to incentive compensation, tighter discretionary spending controls and lower merit and overhead spending.

Builders FirstSource consolidated 45 facilities year to date and 100 over the past three years, while maintaining an on-time and in-full delivery rate above 90%, Jackson said. The company also generated $23 million of productivity savings during the quarter through supply-chain initiatives and manufacturing efficiencies.

Management said the company gained roughly 1 to 2 percentage points of single-family market share during the quarter. Jackson said share gains are pursued market by market, using the company’s product offerings, capacity, customer service and supplier relationships rather than relying solely on price competition. He said the company has seen somewhat greater share gains in lumber, while product bundling has also supported value-added offerings.

Regional performance was uneven. Texas and Colorado remained soft, while California, Florida and the Northeast showed relative strength, according to Jackson. Multifamily sales rose modestly, but developers remained cautious about new starts as the sector works through existing projects and occupancy remains below desired levels in many markets.

Cash flow, leverage and acquisitions
Third-quarter operating cash flow was $147 million, compared with $548 million a year earlier, reflecting lower net income and the absence of the prior year’s working-capital release. Free cash flow totaled $76 million. Builders FirstSource ended the quarter with net debt to adjusted EBITDA of about 4.1 times and approximately $1.5 billion in liquidity.

Beckmann said leverage remains above the company’s long-term target, but management is comfortable with its financial position and expects leverage to return to its target range as EBITDA improves. During the quarter, the company invested $71 million in capital expenditures and $91 million in acquisitions, while making no share repurchases.

The company acquired ICG and Gleckler and Sons during the quarter, expanding its ability to serve customers in the Southeast. Jackson said the Gleckler acquisition strengthens Builders FirstSource’s Florida business and product portfolio. Since the 2021 BMC merger, the company has completed 44 acquisitions representing approximately $2.5 billion in annual sales.

Jackson said acquisitions remain a long-term growth lever, though he described the current transaction environment as slower, with fewer owners seeking to sell. He said the company sees opportunities to acquire businesses at more modest valuations and believes its balance sheet supports smaller, strategically attractive transactions.

2026 outlook retained; 2027 scenarios not guidance
Builders FirstSource narrowed its 2026 outlook while retaining the midpoints of its prior ranges. The company expects:

Net sales of $14.2 billion to $14.6 billion.
Adjusted EBITDA of $1.075 billion to $1.125 billion.
Adjusted EBITDA margin of 7.4% to 7.9%.
Gross margin of 27.5% to 28.5%.
Free cash flow of approximately $400 million to $450 million.

The outlook assumes single-family starts in the company’s markets will decline nearly 7%, multifamily starts will decline about 4%, and repair-and-remodel activity will be down 1%. It also assumes average commodity prices of $390 to $410 per thousand board feet.

Management also presented 2027 scenarios based on differing housing-start and commodity-price conditions, emphasizing repeatedly that the scenarios are not formal guidance. The analysis does not include cost actions beyond those already announced. Jackson said higher mortgage rates could cause some builders to slow starts, though the timing of any effect on Builders FirstSource is delayed because the company’s sales generally follow housing starts by roughly three months.

Looking longer term, Jackson said labor shortages and immigration enforcement-related disruptions in certain markets could support demand for off-site manufacturing and installed solutions. The company plans to provide additional details on its financial framework, technology investments and long-term targets at its Investor Day on Nov. 17.

About Builders FirstSource (NYSE:BLDR)Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Builders FirstSource Right Now?Before you consider Builders FirstSource, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Builders FirstSource wasn't on the list.

While Builders FirstSource currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. Discover 10 stocks set to benefit from powerful trends in AI infrastructure, cloud computing, energy, capital returns, and consumer growth this fall.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 05:07 1d ago
2026-10-30 00:15 2d ago
What CRH (CRH) Said on Its Q3 Earnings Call
CRH CRH PLC
FMP Stock News
Original source text
3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&P 500CRH NYSE: CRH reported third-quarter revenue growth but said higher energy, haulage and raw-material costs, along with weaker residential activity, pressured margins and led the company to update its full-year outlook.

Chief Executive Officer Jim Mintern said third-quarter revenue rose 3% from a year earlier to $11.4 billion, supported by pricing, demand in key infrastructure-related markets and acquisitions. Adjusted EBITDA was unchanged at $2.7 billion, resulting in an approximately 24% margin. The margin was 80 basis points below the prior-year quarter, although Mintern said it was in line excluding certain one-time gains recorded a year earlier.

Get CRH alerts:

Should You Bring The Luck Of The Irish To Your Investmets?CRH reported diluted earnings per share before impairment of $2.09, including transformation-related costs tied to its recently launched Velocity initiative.

Updated 2026 Outlook
The company now expects full-year 2026 adjusted EBITDA of $7.8 billion to $8.0 billion, net income of $3.1 billion to $3.3 billion and adjusted diluted earnings per share of $5.37 to $5.59. The forecast assumes normal weather through the remainder of the year and no further major geopolitical or macroeconomic disruptions.

Mintern said the revised outlook reflects a strong first half followed by a sharp rise in diesel and other costs beginning in July, as well as further weakening in U.S. residential demand. He said diesel prices had risen 40% from their low point in early to mid-July, affecting freight, distribution and other operating costs.

“For us, at this time of the year, it’s difficult to recover that kind of cost inflation late in the year,” Mintern said, noting that the impact was most pronounced in the company’s Americas Materials Solutions business.

Chief Operating Officer Randy Lake said Americas Materials Solutions revenue rose 6% and adjusted EBITDA increased 1% from the prior year. In essential materials, revenue increased 19%, with aggregates volumes up 2% and pricing up 5%, or 6% on a mix-adjusted basis. Cement volumes were flat while cement pricing declined 2% on average. Lake said Eco Material continued to perform well, with both volume and pricing up by mid-single digits.

Americas Building Solutions posted a 3% decline in revenue and an 18% decline in adjusted EBITDA, reflecting divestitures, softer residential markets and the absence of a prior-year gain from land sales. Excluding the land-sale impact, third-quarter adjusted EBITDA and margin improved from a year earlier, Lake said.

International Solutions delivered 1% revenue growth, a 6% increase in adjusted EBITDA and 110 basis points of margin expansion. The company cited higher activity in certain markets, pricing momentum and cost control, including continued infrastructure and reindustrialization demand in Europe and Australia.

Arcosa Acquisition and Capital Returns
CRH completed its $8.5 billion acquisition of Arcosa ahead of schedule and said it has invested an additional $1.9 billion in 27 acquisitions year to date. The company also completed three divestitures totaling $1.9 billion and invested $1.2 billion in growth capital expenditures through the third quarter.

Arcosa adds construction-products and engineered-structures businesses. Mintern said the construction-products business strengthens CRH’s aggregates presence in high-growth U.S. markets, while the engineered-structures operation expands its position in energy transmission infrastructure.

Lake said CRH expects about $175 million in run-rate cost synergies from Arcosa by the third year of ownership, including $60 million in the first year. Opportunities include production efficiencies, logistics optimization, increased material self-supply and streamlined support functions.

Mintern said engineered structures is expected to be the fastest-growing platform within CRH, with anticipated double-digit revenue growth for the next three to four years. He said order backlogs in that business have lead times of up to 12 months, supported by power-grid expansion and data-center development.

The company also announced a new $6 billion share-repurchase program running through the end of 2030. Chief Financial Officer Aylwyn Bryan said the program aligns with CRH’s previously outlined $40 billion capital-allocation framework through 2030. The board also declared a quarterly dividend of $0.39 per share, up 5% from the prior year.

Velocity Targets Higher Margins
CRH launched Velocity, a two-year transformation program intended to simplify organizational structures, use technology and data more extensively, and accelerate decision-making. The company expects the initiative to generate approximately $400 million in annual adjusted EBITDA run-rate benefits by the end of 2028.

Bryan said roughly 40% of those benefits are expected in 2027, with the remainder arriving by the end of 2028. CRH expects one-time transformation costs of about $400 million, with approximately two-thirds incurred during the second half of 2026 and 2027.

The program includes fuel-management and mix-analysis initiatives across CRH’s asphalt network that are expected to reduce natural-gas fuel consumption by 10% to 15%. The company is also deploying a connected-quarry platform at 42 large quarries, targeting a 7% to 10% reduction in variable costs.

Reflecting the expected contribution from Velocity, CRH raised its 2030 adjusted EBITDA margin ambition to approximately 24%, the upper end of its prior range.

2027 Market Expectations
Management said it expects positive momentum entering 2027 despite continued near-term weakness in residential construction. Mintern said U.S. transportation activity remains supported by federal and state funding, with approximately 40% of Infrastructure Investment and Jobs Act funding yet to be deployed.

Lake said CRH’s infrastructure bidding activity and backlogs are in line with the prior year. He added that the company expects high-single-digit aggregates pricing in 2027, while U.S. cementitious volumes are expected to rise by low single digits and pricing is projected to increase by low single digits.

Management also expects a full-year contribution from Arcosa, acquisition synergies and commercial actions intended to restore a positive price-cost spread in 2027. Mintern said CRH expects residential activity to remain subdued because of affordability pressures, while infrastructure, reindustrialization, energy and data-center investments continue to support demand.

About CRH (NYSE:CRH)CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in CRH Right Now?Before you consider CRH, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CRH wasn't on the list.

While CRH currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 05:05 1d ago
2026-10-29 23:08 2d ago
PTC Therapeutics, Inc. (PTCT) Q3 2026 Earnings Call Transcript
PTCT PTC Therapeutics
FMP Stock News
Original source text
PTC Therapeutics, Inc. (PTCT) Q3 2026 Earnings Call October 29, 2026 4:30 PM EDT

Company Participants

Ellen Cavaleri - Head of Investor Relations
Matthew Klein - CEO & Director
Eric Pauwels - Chief Business Officer
Pierre Gravier - Chief Financial Officer

Conference Call Participants

Kristen Kluska - Cantor Fitzgerald & Co., Research Division
Tazeen Ahmad - BofA Securities, Research Division
Benjamin Burnett - Wells Fargo Securities, LLC, Research Division
Lut Ming Cheng - JPMorgan Chase & Co, Research Division
Eric Joseph - Citigroup Inc., Research Division
Faisal Khurshid - Jefferies LLC, Research Division
Joseph Thome - TD Cowen, Research Division
Maxwell Skor - Morgan Stanley, Research Division
Asim Rana
Kevin Meli - RBC Capital Markets, Research Division
Basma Radwan Ibrahim - Leerink Partners LLC, Research Division
Luke Herrmann - Robert W. Baird & Co. Incorporated, Research Division
Alexander Nackenoff - Truist Securities, Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the PTC Therapeutics Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded.

I would now like to turn the conference over to Ellen Cavaleri, Head of Investor Relations. Please go ahead.

Ellen Cavaleri
Head of Investor Relations

Good afternoon, and thank you for joining us to discuss PTC Therapeutics' Third Quarter 2026 Corporate Update and Financial Results.

I am joined today by our Chief Executive Officer, Dr. Matthew Klein; our Chief Business Officer, Eric Pauwels; and our Chief Financial Officer, Pierre Gravier.

Today's call will include forward-looking statements based on our current expectations. These statements are subject to certain risks and uncertainties, and actual results may differ materially. Please review the slide posted on our Investor Relations website in conjunction with the call, which contains information about our forward-looking statements and our most recent quarterly report on Form 10-Q and annual report on Form 10-K filed with the SEC as well as our other SEC filings
2026-10-30 05:01 1d ago
2026-10-29 23:31 2d ago
Axalta Coating Systems (AXTA) Reports Q3 Earnings: What Key Metrics Have to Say
AXTA Axalta Coating Systems
FMP Stock News
Original source text
For the quarter ended September 2026, Axalta Coating Systems (AXTA - Free Report) reported revenue of $1.31 billion, up 1.8% over the same period last year. EPS came in at $0.63, compared to $0.67 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.33 billion, representing a surprise of -1.4%. The company delivered an EPS surprise of -11.27%, with the consensus EPS estimate being $0.71.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Axalta Coating Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Sales- Performance Coatings- Total: $818 million versus $857.15 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.Sales- Mobility Coatings- Total: $493 million compared to the $473.59 million average estimate based on four analysts. The reported number represents a change of +7.2% year over year.Sales- Mobility Coatings- Commercial vehicle: $119 million compared to the $106.86 million average estimate based on three analysts. The reported number represents a change of +24% year over year.Sales- Performance Coatings- Industrial: $314 million compared to the $316.12 million average estimate based on three analysts. The reported number represents a change of +1% year over year.Sales- Performance Coatings- Refinish: $504 million versus $537.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.5% change.Sales- Mobility Coatings- Light vehicle: $374 million compared to the $367.6 million average estimate based on three analysts. The reported number represents a change of +2.8% year over year.Adjusted EBITDA- Mobility Coatings: $94 million versus $83.53 million estimated by four analysts on average.Adjusted EBITDA- Performance Coatings: $188 million versus the four-analyst average estimate of $217.25 million.View all Key Company Metrics for Axalta Coating Systems here>>>

Shares of Axalta Coating Systems have returned +7.7% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
2026-10-30 05:01 1d ago
2026-10-29 23:14 2d ago
What Antero Midstream (AM) Said on Its Q3 Earnings Call
AM Antero Midstream Partners
FMP Stock News
Original source text
5 Stocks to Buy in November: Bargains Worth Giving Thanks ForAntero Midstream NYSE: AM said its third-quarter adjusted EBITDA rose 3% from a year earlier to $291 million, as the company continued expanding its Marcellus Shale gathering, water and pipeline infrastructure while reducing debt and advancing regional natural-gas transportation projects.

CEO and President Michael Kennedy said the company is pursuing growth through the integration of its HG acquisition, organic gathering and water projects, and its newly formed regional pipeline business unit. He said Antero Midstream expects high-single-digit EBITDA growth sequentially in the fourth quarter and double-digit year-over-year EBITDA growth in 2027.

Get Antero Midstream alerts:

Third-Quarter Volumes and Cash Flow
Amprius Technologies' Next Big Rally Could Be Taking ShapeGathering volumes increased 19% during the third quarter, while compression volumes rose 17%, according to CFO Justin Agnew. Throughput was affected by approximately 10 billion cubic feet of curtailments during the period.

Antero Midstream invested $51 million of capital during the quarter. Free cash flow after dividends totaled $449 million, including $377 million in proceeds from Clearwater litigation. The company used that cash flow to reduce debt by more than $400 million and to accelerate share repurchases after reaching its leverage target.

3 REITs That May Win in a Higher Interest Rate EnvironmentAs of Sept. 30, Antero Midstream's leverage ratio was 2.8 times, below its target of 3 times. Agnew said leverage has declined by one full turn from its peak at the end of 2022, following the company's first dry-gas gathering acquisition.

Since then, the company has integrated five acquisitions totaling $1.4 billion, invested more than $1 billion in organic growth capital, increased throughput by more than 1 billion cubic feet per day and reduced its share count by more than 6 million shares, Agnew said.

Water Operations and 2027 Growth Outlook
Kennedy said two completion crews are currently operating on acreage dedicated to Antero Midstream and supporting two drilled-but-uncompleted growth pads. Higher freshwater delivery volumes in the fourth quarter, along with modest throughput growth net of expected curtailments, are expected to support high-single-digit sequential EBITDA growth.

The company also expects to complete integration of the HG water system by year-end and capture all water-related synergies assumed in the acquisition. Both the legacy and HG water systems recorded 100% uptime during the third quarter, Kennedy said.

For 2027, management expects the growth pads, expanded completion activity and water-system integration to drive double-digit EBITDA growth from 2026. Kennedy said Antero Resources' guidance for approximately 4.5 billion cubic feet equivalent per day of production next year is expected to translate into greater throughput for Antero Midstream.

He also said that operating two completion crews throughout the year should increase freshwater deliveries. “You put that all together, and you get the double-digit EBITDA growth year-over-year 2027 over 2026,” Kennedy said.

Regional Pipeline Projects
Antero Midstream is continuing construction of the East Side Express project, which management described as a regional pipeline intended to connect Antero Resources' natural gas supply with downstream demand. Kennedy said multiple downstream counterparties have expressed interest in accessing Antero Resources' gas through the pipeline.

Agnew said the project's scope remains unchanged, with expected capital spending of roughly $200 million to $300 million. The project is expected to include about seven interconnects with downstream pipelines and remains on track for a late-2028 to 2029 timeframe.

Management said the company sees current Appalachian infrastructure opportunities as being driven by demand from liquefied natural gas facilities, utilities and growing electrification needs, rather than the producer-led expansion projects of earlier periods.

Antero Midstream said it is also assessing a potential north-south pipeline project into the Clarington market. Kennedy said the company is conducting early scoping work and could make a final investment decision in 2027.

Capital Plans and Infrastructure Strategy
Looking ahead, Agnew said Antero Midstream expects a step-up in capital spending in 2027, including more than $100 million of incremental capital beyond its organic program for East Side Express and other regional natural-gas demand projects.

Kennedy said the company is pursuing several billion dollars in potential infrastructure projects, including a north-south regional pipeline, laterals serving natural-gas demand centers and integrated power opportunities.

As existing third-party agreements expire, Antero Midstream plans to use its infrastructure to own a larger share of the value chain previously provided by outside operators, management said. The company said its balance sheet capacity and cash-flow generation provide flexibility to pursue those projects while maintaining its leverage and debt objectives.

About Antero Midstream (NYSE:AM)Antero Midstream Corporation NYSE: AM owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company's services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources' operations in the Appalachian Basin, particularly in West Virginia and Ohio.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Antero Midstream Right Now?Before you consider Antero Midstream, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Antero Midstream wasn't on the list.

While Antero Midstream currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.

Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 05:00 1d ago
2026-10-30 00:46 2d ago
Gold slides below $4,000 as Fed rate hike bets offset falling bond yields and weak USD FMP Forex News
Original source text
Gold (XAU/USD) attracts some follow-through selling for the second straight day and slides below the $4,000 psychological mark during the Asian session on Friday amid hawkish US Federal Reserve (Fed) expectations.
2026-10-30 04:58 1d ago
2026-10-29 23:15 2d ago
What Arthur J. Gallagher & Co. (AJG) Said on Its Q3 Earnings Call
AJG Arthur J Gallagher & Co
FMP Stock News
Original source text
Arthur J. Gallagher & Co. NYSE: AJG reported third-quarter 2026 growth across its brokerage and risk management operations, with management citing new business, client retention, acquisitions and productivity initiatives as key drivers despite a more competitive property insurance market.

Chairman and CEO J. Patrick Gallagher Jr. said combined brokerage and risk management revenue increased 18% from a year earlier, while organic growth was 5%. Net earnings and adjusted EBITDAC each increased 25%, extending the company’s streak of double-digit adjusted EBITDAC growth to 26 consecutive quarters.

Get AJG alerts:

“Our team delivered strong revenue growth and excellent profitability,” Gallagher said. “Our strategy is working, our team is executing, and the opportunities ahead of Gallagher have never been greater.”

Segment Performance and Insurance Market Conditions Brokerage revenue rose 19%, including 5% organic growth, supported by retail property and casualty, wholesale, reinsurance and other businesses. Gallagher Bassett, the company’s risk management unit, posted 14% revenue growth and 10% organic growth, driven by new business and retention.

Chief Financial Officer Doug Howell said brokerage adjusted EBITDA margin reached 35.3% during the quarter, an increase of 200 basis points from a year earlier. Risk management adjusted EBITDA increased 17%, with margin rising 90 basis points to 22.8%.

Management said insurance pricing remains mixed. Property insurance renewal premiums declined 6% in the third quarter, compared with a 10% decline in the prior quarter, though Gallagher said the sequential change principally reflected renewal mix and seasonality rather than a broad market shift.

Other commercial insurance lines remained firmer. Casualty renewal premiums increased 4%, professional lines increased 2%, workers’ compensation rose 1%, personal lines increased 3%, and package business also rose 3%. Excluding property, renewal premium changes increased 3% overall, according to the company.

Gallagher said rates account for about one percentage point of current brokerage organic growth, while new business, retention, client exposure growth and the breadth of the company’s offerings are larger contributors. The company expects that approximate one-point contribution from rates to persist in 2027, assuming broadly similar market conditions.

Management emphasized that premium changes do not directly translate into revenue changes. As property pricing eases, clients may use savings to add coverage, raise limits, improve program structures or reduce deductibles, Gallagher said.

“Property pricing is moderating, and that is well understood,” Gallagher said. “But property is only one part of our very large and very diverse business.”

AssuredPartners Integration and Margin Outlook Gallagher said the AssuredPartners acquisition, completed more than a year ago, continues to meet its expectations. The acquired business produced $285 million of adjusted EBITDAC during the third quarter, in line with the company’s earlier estimate.

All AssuredPartners back-office systems are now integrated and operating, Howell said. By year-end, close to half of the acquired company’s revenue is expected to be operating on its designated agency management system.

The company reiterated its expectation for $160 million of annualized run-rate synergies by the end of 2026, rising to $325 million by early 2028. Howell said the larger synergy figure remains principally expense-related rather than a revised revenue synergy target.

AssuredPartners contributed 310 basis points of brokerage margin expansion during the quarter, including 220 basis points from pre-synergy effects and 90 basis points from realized synergies, according to Howell. The company expects additional margin improvement from further AssuredPartners synergies, expanded use of its Centers of Excellence, technology, automation and artificial intelligence initiatives.

For 2027, management said AssuredPartners’ lower organic growth rate could reduce reported companywide organic growth by roughly 40 to 50 basis points. However, Gallagher and Howell said they expect the acquired producers to benefit over time from Gallagher’s tools, capabilities and specialized offerings.

2026 Outlook, M&A Activity and Capital Deployment Gallagher reaffirmed its outlook for approximately 6% full-year 2026 organic growth in its combined brokerage and risk management segments. Brokerage organic growth is expected to be around 5% in the fourth quarter and for the full year, while Gallagher Bassett is expected to deliver roughly 9% organic growth for the year.

Management said early planning suggests 2027 organic growth for legacy brokerage could resemble 2026 levels, while Gallagher Bassett’s momentum could also continue into next year.

The company completed five tuck-in acquisitions during the third quarter, representing about $100 million of estimated annualized revenue. Through the first nine months of 2026, it completed 21 acquisitions representing approximately $225 million of estimated annualized revenue.

Its acquisition pipeline included more than 30 signed or pending term sheets representing about $300 million of annualized revenue. Gallagher said it remains disciplined on strategic fit, culture, valuation and expected returns, while acknowledging that broader insurance brokerage M&A activity has slowed as valuation multiples have declined.

Howell said the company estimates it has more than $12 billion of acquisition capacity over the next two years, based on cash on hand, expected free cash flow, tax benefits and future investment-grade borrowings. The company also repurchased approximately 400,000 shares for about $100 million during the third quarter, bringing year-to-date share repurchases through Sept. 30 to approximately $580 million.

Productivity, Client Demand and 2027 Milestone Gallagher said its 20,000-person Centers of Excellence and ongoing investments in standardized workflows, data, digital systems, automation and AI are intended to reduce repetitive work, improve service quality and support margins.

Management also pointed to positive daily indicators from client insurance activity, including audits, endorsements and cancellations, as evidence of steady underlying business activity and exposure growth. Howell said the company has seen a positive trend in those measures over recent quarters, particularly among middle-market clients.

Gallagher said the excess and surplus insurance market remains an important channel for clients and has not seen meaningful movement of its renewal business back to admitted carriers. The company also cited continued opportunities in complex risks including construction, infrastructure, energy, data centers, artificial intelligence, aviation, marine and political violence.

Looking ahead, Gallagher noted that 2027 will mark the company’s 100th anniversary. “We got here because our colleagues, year after year, did the right thing for clients and for each other,” he said.

About Arthur J. Gallagher & Co. (NYSE:AJG)Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Arthur J. Gallagher & Co. Right Now?Before you consider Arthur J. Gallagher & Co., you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arthur J. Gallagher & Co. wasn't on the list.

While Arthur J. Gallagher & Co. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 04:58 1d ago
2026-10-29 22:28 2d ago
Service Corporation International (SCI) Q3 2026 Earnings Call Transcript
SCI Service Corporation International
FMP Stock News
Original source text
Service Corporation International ( SCI ) Q3 2026 Earnings Call October 29, 2026 9:00 AM EDT Company Participants Trey Bocage - Assistant Vice President of Treasury & Investor Relations Thomas Ryan - CEO & Chairman Eric Tanzberger - Executive VP & CFO Conference Call Participants Parker Snure - Raymond James & Associates, Inc., Research Division Joanna Gajuk - BofA Securities, Research Division Tomohiko Sano - JPMorgan Chase & Co, Research Division Tyler Barishaw - Truist Securities, Inc., Research Division Albert Rice - UBS Investment Bank, Research Division Scott Schneeberger - Oppenheimer & Co. Inc., Research Division Tobey Sommer - Truist Securities, Inc., Research Division Presentation Operator Good day, and welcome to the SCI Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
2026-10-30 04:55 1d ago
2026-10-30 00:50 2d ago
BitGo Clients Can Now Stake SOL From Custody Through a Jupiter-Run Validator
JUP Jupiter
CoinGecko News
Original source text
BitGo and Jupiter said on October 28 that eligible institutional clients of BitGo Bank & Trust can now stake SOL directly from their existing custody accounts through a "Jupiter x BitGo validator." Jupiter, the Solana-based decentralized finance platform, operates the validator independently, and BitGo says it does not control the validator's performance.

Under the arrangement, clients delegate SOL to the validator from their BitGo accounts rather than sending it to an outside staking provider. The companies say the staked SOL stays delegated and is not transferred to Jupiter's custody. Rewards come from Solana's native staking mechanism, vary with network conditions and validator performance, and are not guaranteed. Unstaking is subject to Solana's protocol-level deactivation period.

BitGo describes the custody side as cold storage with access to up to $250 million of insurance, subject to the policy's terms, conditions and exclusions, plus bankruptcy-remote protections. It also says the BitGo entity serving a client depends on the client's jurisdiction and eligibility.

Abel Seow, BitGo's managing director and head of APAC sales, said staking "needs to fit into their existing custody and approval processes."

Kash Dhanda, Jupiter's chief operating officer, said running a validator is how Jupiter invests in the base layer beneath its swaps, perpetuals and lending products.

For scale, Solana Compass data for the validator it tracks under Jupiter's name showed about 9.72 million SOL of activated stake on October 28, roughly 2.24% of the network and fifth among 661 validators. The announcement does not say whether that is the validator BitGo clients will use.

BitGo already offered SOL staking, so Jupiter adds a validator option rather than a new product. This announcement follows BitGo's October 7 launch of Lido ETH staking for eligible US clients and its custody role for Grayscale's Hyperliquid staking ETF. In June, we reported that BitGo was turning its bank charter into a DeFi yield gateway through vault partnerships with Morpho and Concrete, and in August that it moved $7.7 billion of WBTC to Chainlink's cross-chain protocol.

Custodians are increasingly bundling complementary services like staking into their platforms. Blockhead covered BNY adding staking to its custody platform through Galaxy in August, and Interactive Brokers added Ethereum staking through Zerohash this month. On the product side, the staked Solana ETFs have put the feature in front of allocators: Blockhead reported that Bitwise's Solana staking ETF launched with $72 million in second-day volume, and that Morgan Stanley entered staking ETPs in July with a fee-focused pitch.
2026-10-30 04:55 1d ago
2026-10-30 00:35 2d ago
India Gold price today: Gold falls, according to FXStreet data FMP Forex News
Original source text
Gold prices fell in India on Friday, according to data compiled by FXStreet.
2026-10-30 04:52 1d ago
2026-10-30 00:15 2d ago
Broadstone Net Lease Q3 Earnings Call Highlights
BNL Broadstone Net Lease
FMP Stock News
Original source text
3 Stocks to Ride the Manufacturing Sector's Big ComebackBroadstone Net Lease NYSE: BNL reported third-quarter adjusted funds from operations of $77.8 million, or $0.39 per diluted share, up 5.4% from the same period of 2025, as same-store rent growth, recent investments and newly stabilized build-to-suit projects supported results.

Chief Executive Officer John Moragne said the company continued to execute its strategy amid a more volatile capital-markets environment, emphasizing disciplined investment selection, balance-sheet management and its build-to-suit development platform. Broadstone reaffirmed its 2026 AFFO guidance of $1.55 to $1.57 per diluted share.

Get Broadstone Net Lease alerts:

Investment activity and development pipeline
During the third quarter, Broadstone invested $236.6 million, including $63.8 million for a single industrial acquisition, $137.1 million in build-to-suit developments, $35.1 million of transitional capital and $0.6 million in redevelopments.

The industrial acquisition was a roughly 544,000-square-foot property purchased at a 7.7% initial cash capitalization rate. The asset has a 15-year lease, 2% annual rent increases and an 8.8% straight-line yield, according to the company.

Broadstone began three new build-to-suit projects totaling $325.8 million of estimated project costs during the quarter. The projects carry a weighted-average initial cash capitalization rate of 8.4% and a weighted-average straight-line yield of 11.3%. The developments include a Colorado project as well as retail properties in Manor, Texas, for Hobby Lobby and Academy Sports.

The company also stabilized six build-to-suit projects, representing $95.3 million of estimated total investment and a weighted-average cash capitalization rate of 7.3%. Subsequent to quarter-end, Broadstone’s $115 million Southwire facility in Bremen, Georgia, reached stabilization with a first-year cash capitalization rate of 7.8%.

Broadstone’s in-process build-to-suit pipeline stood at about $456 million across seven projects, approximately 83% of which are industrial. About $150 million had been invested as of the call, leaving roughly $306 million of expected remaining investment. The pipeline has a weighted-average estimated cash yield of 8%, a 10.4% straight-line yield, a 14.8-year weighted-average lease term and 2.7% annual rent escalations.

Management expects projects in the pipeline to add approximately $36 million in annualized base rent from the fourth quarter through the end of 2027. About $2 million is expected in the fourth quarter, roughly $31 million during the first half of 2027 and the remainder during the second half of 2027. Moragne said this represents more than 8% growth relative to the company’s current annualized base rent of $449.5 million.

Portfolio performance and redevelopment
The company ended the quarter approximately 100% occupied on a square-footage basis, with all but one of its 767 properties subject to a lease. Broadstone had collected 99.9% of base rent due for the quarter as of the earnings release date.

Third-quarter same-store rental revenue rose 0.7% year over year. Contractual rent increases contributed 1.9% of same-store growth, including 2.1% for industrial properties. President and Chief Operating Officer Ryan Albano said the reported same-store figure was reduced by about $1.2 million of prior-year rent from two industrial properties that have entered redevelopment. Excluding those properties, same-store growth would have been approximately 1.9%.

Broadstone reported a 111% recapture rate on 2026 and 2027 lease renewals completed so far. Moragne cautioned that the company’s historical low- to mid-100% range may be a more reasonable expectation for future recapture rates.

In redevelopment, Broadstone is converting a functionally obsolete Chicago-area office property into roughly 156,000 square feet of industrial space. The project is expected to require $17.9 million of total investment, with $3.7 million invested to date. Management expects stabilized annualized base rent of about $2.7 million, compared with original annualized base rent of approximately $1.4 million, with substantial completion targeted in the second quarter of 2027.

A second redevelopment project in Hoffman Estates, Illinois, is expected to require about $28.4 million, including the property’s remaining basis. Stabilization is anticipated in the third quarter of 2028, with expected annualized base rent of approximately $3.3 million.

Capital, dispositions and guidance
Broadstone completed its first public equity offering in four years during the quarter, selling 12.65 million shares at $20.50 each through forward sale agreements for estimated gross proceeds of about $259 million. Together with forward sales under its at-the-market program, the company had approximately $409 million in expected net proceeds from unsettled forward equity agreements as of Sept. 30.

Chief Financial Officer Kevin Fennell said Broadstone ended the quarter with $2.9 billion of total debt and pro forma net leverage of 5.4 times, down from 5.9 times in the prior quarter. The company had drawn $100 million on a new $300 million delayed-draw term loan and had $428.8 million available under its revolving credit facility, resulting in more than $1 billion of in-place liquidity.

The company raised its 2026 investment guidance to $700 million to $800 million from $600 million to $800 million. It also increased projected dispositions to $150 million to $200 million from $100 million to $150 million. Broadstone sold three properties in the quarter for $12.5 million at a 6.6% capitalization rate, bringing year-to-date dispositions to 13 properties for $86.7 million at a weighted-average 6.3% capitalization rate on tenanted properties.

Broadstone reduced its bad-debt assumption to 25 basis points and maintained core general and administrative expense guidance of $30 million to $31 million. Its board also raised the quarterly dividend by 1% to $0.295 per share, payable on or before Jan. 15, 2027, to shareholders of record as of Dec. 31, 2026.

Project Triboro remains a priority
Management said Project Triboro, a more than 550-acre site in northeastern Pennsylvania with a committed one-gigawatt power supply, remains a priority. Broadstone had approximately $154 million invested in the project as of Sept. 30.

The company is evaluating three potential paths: monetizing the land, developing a hyperscale data-center campus, or constructing four large industrial buildings. Albano said the first of four building pads is nearly ready for vertical construction and initial power delivery remains anticipated in the first half of 2028.

Moragne said zoning is the primary near-term consideration, followed by power agreements and tenant commitments. Broadstone expects clarity on zoning, power and tenant demand this year and continues to target a decision on the project’s direction by year-end. If Triboro advances as a data-center project, Moragne said Broadstone would likely either sell the project or pursue a private-capital financing solution rather than rely on public equity markets to fund a multibillion-dollar development.

About Broadstone Net Lease (NYSE:BNL)Broadstone Net Lease, Inc NYSE: BNL is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone's portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Broadstone Net Lease Right Now?Before you consider Broadstone Net Lease, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadstone Net Lease wasn't on the list.

While Broadstone Net Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 04:51 1d ago
2026-10-30 00:14 2d ago
BorgWarner Q3 Earnings Call Highlights
BWA BorgWarner
FMP Stock News
Original source text
This ETF Weeds Out Small-Cap UnderperformersBorgWarner NYSE: BWA reported third-quarter sales of just under $3.5 billion, with adjusted operating margin expanding 20 basis points year over year to 10.9% and adjusted earnings per share rising 12%. The automotive supplier said its performance reflected cost-control efforts amid declining vehicle production and a sales headwind from its Battery Energy Systems business.

Light-vehicle eProduct sales increased 33% from a year earlier to $630 million, driven primarily by European demand. President and CEO Joe Fadool said the growth demonstrated that previously awarded electrification business was beginning to contribute to results, particularly as hybrid and electric-vehicle penetration rises in Europe.

Get BorgWarner alerts:

3 Must-Buy Stocks Boosting Value with Buybacks—Act Now“Our adjusted operating margin and adjusted earnings per share performance was strong in the quarter,” Fadool said, citing margin expansion and earnings growth despite a declining production environment.

Third-Quarter Results and Capital Returns
Chief Financial Officer Craig Aaron said foreign exchange provided an $8 million year-over-year sales benefit in the quarter, while the battery business reduced sales by $54 million. The remaining organic sales decline was $58 million, or 1.6%, roughly in line with the decline in BorgWarner’s weighted light-vehicle production market.

Is Adient’s guidance cut a positive sign for the auto suppliers?Adjusted operating income was $381 million, compared with $385 million a year earlier. On an organic basis, adjusted operating income declined $6 million on $112 million of lower sales, with cost reductions helping offset volume pressure, Aaron said.

Free cash flow totaled $195 million in the quarter. BorgWarner used $175 million for share repurchases and paid $35 million in dividends, returning about $210 million to shareholders. The company said it expects to return more than $700 million to shareholders during 2026, including planned fourth-quarter buybacks.

Third-quarter adjusted operating margin: 10.9%, versus 10.7% a year earlier.
Third-quarter adjusted EPS: Up $0.15, or 12%, year over year.
Third-quarter light-vehicle eProduct sales: $630 million, up 33%.
Third-quarter free cash flow: $195 million.

Updated 2026 Outlook
BorgWarner narrowed the high end of its full-year revenue outlook, citing a refined view of industry production, while maintaining its adjusted operating-margin forecast and increasing adjusted EPS guidance.

The company now expects 2026 sales of $14.0 billion to $14.2 billion, compared with prior guidance of $14.0 billion to $14.3 billion. It expects weighted end markets to decline 1% to 2% for the year, compared with its prior expectation of flat to down 3%.

The company maintained its full-year adjusted operating margin outlook of 10.7% to 10.9%. Its organic sales outlook calls for a decline of 4% to 2.5%, including an estimated 170-basis-point headwind from lower battery-business sales related to the lack of North American incentives and weaker European demand.

Adjusted EPS guidance was raised to $5.20 to $5.35 per diluted share from $5.05 to $5.30. Aaron said the increase reflected third-quarter and planned fourth-quarter share repurchases, along with a lower expected full-year effective tax rate. The company maintained projected free cash flow of $900 million to $1.1 billion.

For the fourth quarter, Aaron said revenue is expected to be about $3.43 billion, down roughly $123 million from the average quarterly sales level in the first nine months, primarily reflecting production conditions. BorgWarner also expects about $10 million of industrial research and development spending in the quarter.

Automotive Awards and 2027 Expectations
BorgWarner announced nine business awards during the quarter across its foundational and eProduct portfolios. The awards included engine control modules for a new internal-combustion pickup-truck platform, turbocharger contracts for gasoline vehicles in South America and Europe, aluminum-wire e-motor technology for a Chinese OEM’s hybrid applications, three additional e-motor awards in China, and a next-generation high-voltage inverter award for battery-electric vehicles.

Fadool said the aluminum-wire e-motor technology reduces wire weight by more than 60% and wire cost by more than 80% compared with a conventional copper-wire motor while maintaining peak torque and power.

Looking toward 2027, Aaron said BorgWarner expects modest growth above the automotive market as recent business awards begin contributing to revenue. The company also expects $300 million of turbine-generator revenue next year.

The company expects its PowerDrive Systems business to grow about 20% in 2026 after approximately 30% growth in 2025. Aaron said the company’s objective for the business unit remains mid-teens year-over-year conversion on sales growth.

Data Center and Industrial Expansion
BorgWarner highlighted progress in products designed for data center and industrial applications, including turbine generators, battery energy storage systems and microgrid inverters.

The company said its partner plans to expand external turbine-generator demonstrations during the fourth quarter because of customer interest. Subsystem UL compliance is largely complete, and system certification is underway. BorgWarner has completed construction of its final assembly plant in North Carolina and expects manufacturing-floor and capital installation in December, followed by production trials by year-end.

Fadool said customer discussions with hyperscalers have centered on meeting specifications, manufacturing tolerances, quality, reliability, efficiency and emissions. He said speed to market is important and that BorgWarner’s automotive manufacturing experience could enable it to bring products to market in 18 to 24 months, roughly half the time of some industrial competitors.

For microgrid inverters, BorgWarner has shipped samples to seven customers and has begun initial quoting with its first major customer. The company expects UL certification in early 2027. It also developed an 800-volt power supply unit for data centers and displayed it at the Data Center World Power Industry event in Dallas.

BorgWarner expects to be production-ready for its battery energy-storage offerings in 2027. Fadool said customer validation and UL processes are advancing, with engagement across both NMC and LFP cell applications.

While the company said current political conditions may slow the completion of some data-center program agreements in the near term, Fadool said quoting activity remains high and that BorgWarner sees no long-term change in demand for its products.

About BorgWarner (NYSE:BWA)BorgWarner Inc NYSE: BWA is a global automotive technology company that develops and manufactures propulsion and mobility systems for vehicle manufacturers and commercial vehicle customers. The company serves both internal-combustion and electrified vehicle markets, with a portfolio focused on improving vehicle efficiency, performance, emissions, and electrification.

Its products and technologies include turbochargers, emissions and thermal-management systems, transmission components, friction products, battery systems, battery charging equipment, power electronics, electric motors, and other electric-drive components.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in BorgWarner Right Now?Before you consider BorgWarner, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BorgWarner wasn't on the list.

While BorgWarner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 04:50 1d ago
2026-10-29 23:48 2d ago
Portland General Electric Company (POR) Q3 2026 Earnings Call Transcript
POR Portland General Electric
FMP Stock News
Original source text
Portland General Electric Company (POR) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT

Company Participants

Erin Schwartz - Senior Manager of Investor Relations
Maria Pope - President, CEO & Director
Joseph Trpik - Senior VP of Finance & CFO

Conference Call Participants

Julien Dumoulin-Smith - Jefferies LLC, Research Division
Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division
Steven Fleishman - Wolfe Research, LLC
Christopher Ellinghaus - Siebert Williams Shank & Co., L.L.C., Research Division
Aidan Kelly - JPMorgan Chase & Co, Research Division
Anthony Crowdell - Mizuho Securities USA LLC, Research Division
Gregg Orrill - UBS Investment Bank, Research Division
Matthew David Rold - BofA Securities, Research Division
Juan Vidales - Ladenburg Thalmann & Co. Inc.
Travis Miller - Morningstar Inc., Research Division
Paul Fremont - Ladenburg Thalmann & Co. Inc., Research Division

Presentation

Operator

Good morning, everyone, and welcome to today's Conference Call with Portland General Electric. Today is Thursday, October 29, 2026. This call is being recorded. [Operator Instructions]

For opening remarks, I will turn the conference call over to Portland General Electric's Senior Manager of Investor Relations, Erin Schwartz. Please go ahead.

Erin Schwartz
Senior Manager of Investor Relations

Thank you, Steven. Good morning, everyone, and thank you for joining us today.

Before we begin, I would like to remind you that we issued a press release this morning and have prepared a presentation to supplement our discussion, which we will be referencing throughout the call. The press release and slides are available on our website at investors.portlandgeneral.com.

Referring to Slide 2, some of our remarks this morning will constitute forward-looking statements. We caution you that such statements involve inherent risks and uncertainties, and actual results may differ materially from our expectations. For a description of some of the factors that could cause actual results to differ materially, please refer to our press release and our most recent forms, 10-K
2026-10-30 04:46 1d ago
2026-10-29 22:15 2d ago
The UAE Just Inspected Archer's and Joby's Aircraft in Person. Here's Why Dubai, Not the FAA, Could Deliver the First Paying Passenger.
ACHR Archer Aviation
FMP Stock News
Original source text
The regulations around aircraft in the United States are very strict. That makes complete sense, given that accidents can cause material loss of life. But it often means that things take longer to get done in the United States than in other countries. That's not unusual, since that same thing holds true in the healthcare sector. And that's why the UAE is likely to be the first place where Joby Aviation (JOBY +0.00%) and Archer Aviation (ACHR +0.92%) operate their air taxi services. And it could happen as early as this year. Here's what you need to know.

You can't fly commercially without approval
Even in the UAE, you can't fly a plane commercially without getting a host of approvals. So there are no shortcuts being taken. Both Joby and Archer have spent years developing their electric vertical take-off and landing (eVTOL) vehicles. They have been testing them, as well, attempting to prove to regulators that they are safe and reliable.

Image source: Getty Images.

Part of the issue, however, is that eVTOLs are a new technology and there's no clear path to regulatory approval. These two industrials and regulators aren't exactly "making it up as they go," but they are working together to create guidelines that didn't exist before. Nobody wants to see an accident occur that could have easily been avoided. Which means that the approval process has been, well, a slow one.

The United States isn't exactly dragging its feet, noting that the federal government is backing eVTOL technology. Archer even has plans to provide eVTOL services at the 2028 Olympics, to be held in California. There is a path toward U.S. approval clearly shaping up. But, just like with many medical devices, the first step is likely to be approval in a non-U.S. market.

JOBY Joby Aviation$5.08+$0.00 (+0.00%)

NYSE · As of 4:00 PM ET 10/29/26

This was the plan all along
For investors watching Joby and Archer, this isn't shocking news. In fact, both companies have long planned to start commercial operations in the UAE. And that process appears to have taken a giant leap forward, with the UAE recently holding meetings with both companies. There's no guarantee of a commercial start date for either business, but before the end of 2026 is a very real possibility.

First commercial flight would be a huge step for either company, even if it slips into early 2027. However, it is important to remember that the first commercial flight will just be the first step. It won't be clear if there is enough demand to support what amounts to air taxis until the aircraft are approved. Even then, there's still a lot of work to be done.

ACHR Archer Aviation$4.38+$0.04 (+0.92%)

NYSE · As of 4:00 PM ET 10/29/26

Running a large air taxi service is only possible if Joby and Archer can successfully ramp up production of their respective aircraft (the S4 and Midnight, respectively). Building aircraft at scale is expensive and complex, so investors should expect both companies to continue bleeding red ink for the foreseeable future. That will remain true even if investors get excited and bid up the stocks after each company's first commercial flight.

You should think long-term with Joby and Archer
There's no way to know exactly when Joby and Archer will have their first commercial flights. However, it looks highly likely that they will take place in the UAE, sooner rather than later, perhaps even in 2026. Even if the date slips into 2027, that's hardly a terrible outcome. But investors need to understand that this will only represent the starting point for the next phase of each company's development. There's likely still a long way to go before either one is sustainably profitable, making them most appropriate for more aggressive investors.
2026-10-30 04:45 1d ago
2026-10-29 21:07 2d ago
Ethena flags potential security incident involving Binance, says collateral sits off-exchange
ENA Ethena
CoinGecko News
Original source text
The USDe issuer says exchange-exposed collateral is held with off-exchange custodians rather than on Binance itself

Ethena Labs, the team behind the synthetic dollar USDe, said it is aware of a potential security incident involving Binance. The alert came on October 29, 2026.

Ethena said its exchange-exposed collateral is kept with off-exchange custodians, not parked on the exchange itself.

Neither the nature nor the scope of the possible incident at Binance has been disclosed. Ethena’s message focused on where its money is.

What Ethena said, and what it means for USDe
Ethena indicated that USDe’s core functions remain unaffected. That covers minting, redemption and the collateral backing the token.

The company works with Off-Exchange Settlement providers, known as OES, including Copper and Ceffu.

These custodians hold and manage USDe’s backing assets without handing ownership over to the exchange. The exchange gets to see the collateral and extend trading credit against it. It does not get to hold the keys.

Why Ethena touches exchanges at all
USDe is not backed by dollars in a bank account. It maintains its value through delta-neutral hedging, mostly using perpetual futures on centralized trading venues.

Perpetual futures are derivatives contracts with no expiry date, and centralized exchanges like Binance are where much of that trading happens.

So Ethena needs exchanges for hedging, but it does not need to leave its collateral sitting on them. The OES setup is designed to let the company do the first without the second.

The custody model gets a real-world test
The design goal is that if an exchange fails, the collateral stays protected and can be accessed independently of whatever is going wrong at the venue.

Monthly custodian attestations and on-chain dashboards have consistently shown backing assets held in institutional custody, away from exchanges.

The timing of the alert adds some texture. It arrives as Binance has been broadening its product menu, including equity perpetuals and tokenized stocks. There is no indication in the available material that the potential incident is linked to those new offerings.

What this means for holders and the broader market
For USDe holders, the immediate takeaway is that Ethena is pointing to its custody structure as a buffer. If the company’s account of its setup holds, a problem at Binance should not directly touch the assets backing the token.

Ethena still relies on exchanges like Binance for hedging. Even with collateral held elsewhere, disruption at a major venue could complicate the hedging side of the operation, which is the part that keeps the peg steady. The source material does not say this has happened.

Ethena’s response acknowledges the possible problem, names the safeguard, and points to ongoing transparency. Whether that confidence is fully warranted depends on facts about the Binance situation that have not yet been made public.

For now, Ethena has made its position clear. The collateral is off-exchange, the token is operating, and the incident remains, in the company’s own framing, potential.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
2026-10-30 04:45 1d ago
2026-10-29 21:26 2d ago
Ethena: Unrealized PNL exposure to Binance about $8.8 million, far below reserve fund
ENA Ethena
CoinGecko News
Original source text
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

This site is protected by reCAPTCHA.
2026-10-30 04:45 1d ago
2026-10-30 04:42 1d ago
Ethena: USDe reserves remain overcollateralized, with no supporting funds held directly on Binance.
ENA Ethena LINK Chainlink
CoinGecko News
Original source text
5 minutes ago

Ethena announced on social media that USDe’s reserve proofs are typically provided weekly by independent third-party verification institutions, including leading firms such as Chainlink and Llama Risk. In light of events over the past few hours, the protocol has released an updated reserve proof. Each of the aforementioned independent third-party institutions has confirmed that USDe remains overcollateralized, with excess collateral exceeding $60 million and a collateralization rate of over 101.0%. No funds backing USDe are directly held on Binance or any centralized exchange.

Scan the QR code

Download APP
2026-10-30 04:45 1d ago
2026-10-29 22:28 2d ago
PennyMac Financial Services, Inc. (PFSI) Q3 2026 Earnings Call Transcript
PFSI PennyMac Finl Svcs
FMP Stock News
Original source text
PennyMac Financial Services, Inc. (PFSI) Q3 2026 Earnings Call Transcript
2026-10-30 04:42 1d ago
2026-10-29 22:14 2d ago
SkyWest Q3 Earnings Call Highlights
SKYW SkyWest
FMP Stock News
Original source text
Does Delta's Descent To Its 50-Day Line Offer A Buy Opportunity? SkyWest NASDAQ: SKYW reported third-quarter 2026 net income of $120 million, or $3.08 per diluted share, as higher block-hour demand from airline partners lifted revenue while elevated fuel costs continued to weigh on its prorate business.

Total revenue rose 6% from a year earlier to $1.1 billion and increased 1% sequentially. The company reported pretax income of $159 million, up 15% from the second quarter. Chief Executive Officer Chip Childs said the quarter included increased block hours but was affected by higher fuel costs in prorate operations.

Get SkyWest alerts:

SkyWest said its employees operated more than 230,000 flights during the quarter with a 99.9% adjusted completion rate. Childs said the airline was consistently among the top three on-time carriers in the Department of Transportation’s consumer reports.

Fuel Costs Pressure Prorate Operations Prorate fuel expense was $66 million in the third quarter, compared with $34 million a year earlier and $61 million in the second quarter. The year-over-year increase reflected a $22 million impact from higher fuel prices and a $10 million impact from increased prorate production, according to Chief Financial Officer Robert Simmons.

The average fuel price for SkyWest’s prorate flying was $4.56 per gallon, up from $3.04 per gallon in the third quarter of 2025 and $4.45 per gallon in the prior quarter.

Management said demand in the prorate business remains strong. SkyWest added 16 aircraft to its prorate agreements during the first nine months of 2026, and President and Chief Operating Officer Wade Steel said the company continues to see demand from communities seeking service. However, he said SkyWest will be “extremely patient and disciplined” in adding markets and will only pursue routes that are accretive to the company.

Childs said SkyWest was not concerned about the prorate model despite higher energy costs, adding that the company is seeing “extremely full flights,” substantial activity and continued volume. He attributed some lower load-factor trends to pricing strategies used by partners in response to fuel costs rather than a weakening in demand.

2026 and 2027 Outlook SkyWest expects full-year 2026 block-hour production to increase approximately 5% from 2025. The company now anticipates 2026 GAAP earnings per share in the “$10.60 area,” compared with $10.35 in 2025. Its prior outlook had indicated earnings around $11 per share, assuming a lower fuel-price environment.

The updated 2026 outlook assumes prorate fuel costs of $4.90 per gallon on 14 million gallons in the fourth quarter. SkyWest said its third-quarter fuel expense created an approximately $13 million, or $0.26-per-share, headwind relative to its prior assumption of $3.65 per gallon.

For 2027, SkyWest expects block-hour production to rise modestly, in the 1% to 2% range, with earnings per share similar to 2026. The company expects to recognize approximately $70 million of previously deferred revenue in 2027, down from roughly $100 million expected in 2026. Simmons said the expected $30 million decline represents an estimated non-cash headwind of about $0.60 per share.

SkyWest’s 2027 assumptions include prorate fuel costs averaging $4.30 per gallon on 60 million gallons. Simmons said a hypothetical $1 per gallon reduction from that assumption would translate to about $1.20 of incremental earnings per share.

The company expects 2027 capital expenditures of about $825 million, including approximately $525 million for 18 new E175 aircraft, around $200 million for recurring maintenance-related spending, and about $100 million for CRJ fleet initiatives and spare-engine opportunities.

Fleet Investment and Conversion Plans SkyWest took delivery of four E175 aircraft for United Airlines during the third quarter and expects seven more deliveries in the fourth quarter. Steel said the company has 63 E175 aircraft on firm order with Embraer, including 16 for Delta Air Lines, 11 for American Airlines and two for United.

Of the 63 aircraft, 30 have been allocated to major partners and 33 remain unassigned. Those unallocated delivery positions begin in late 2028 and extend into 2029 and 2030, Steel said. The order includes flexibility to defer or terminate aircraft if SkyWest does not arrange a partner assignment.

SkyWest expects its E175 fleet to reach 300 aircraft by the end of 2027. The company is scheduled to receive 18 E175s in 2027, although management said the majority of Delta deliveries are weighted toward the latter part of the year, meaning the full production benefit is not expected until 2028.

The company also plans to begin operating its first CRJ450 for United before the end of 2026. SkyWest expects to operate 40 CRJ450s under contract with United and said the opportunity could potentially reach 100 aircraft. It plans to retrofit CRJ200s used in its prorate business into the new configuration.

Steel said CRJ450 conversions, like CRJ550 conversions, are expected to take roughly two to three weeks per aircraft. SkyWest expects three or four aircraft lines to be out of service during the conversion process in 2027. The company also expects to place the remaining eight CRJ550s in its 50-aircraft United agreement into service by the middle of 2027.

Balance Sheet, Depreciation and Capital Allocation SkyWest ended the quarter with $569 million in cash, down from $601 million in the second quarter. During the period, the company repaid $119 million of debt, issued $187 million of new debt financing, invested $163 million in capital expenditures and repurchased shares. It had $238 million remaining under its share-repurchase authorization as of Sept. 30.

The company said it generated more than $700 million of EBITDA during the first nine months of 2026 and invested more than $400 million in fleet and related assets since the end of 2025. Childs said SkyWest’s debt is now $1 billion lower than it was at the end of 2022.

During the quarter, SkyWest revised the estimated useful life of its E175 fleet to 30 years from 22 years, citing demand for the aircraft, contract extensions, industry practices and the lack of an alternative regional aircraft. The accounting change reduced third-quarter depreciation expense by $16 million. SkyWest expects total depreciation expense of about $338 million in 2026 and $350 million in 2027.

Childs said the company’s preferred capital deployment priority remains investments in fleet flexibility and cash-flow-generating aircraft, while management expects capital spending to begin declining somewhat after 2027.

About SkyWest (NASDAQ:SKYW)SkyWest, Inc NASDAQ: SKYW is an airline holding company that operates regional passenger air service in the United States. Its primary subsidiary, SkyWest Airlines, connects smaller and midsized communities with larger airline hubs and provides scheduled flights under capacity-purchase agreements with major airline partners.

SkyWest Airlines operates flights under the United Express, Delta Connection and Alaska Airlines brands, serving destinations throughout the United States and select locations in Canada, Mexico and the Bahamas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in SkyWest Right Now?Before you consider SkyWest, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SkyWest wasn't on the list.

While SkyWest currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Oil still powers the global economy, but AI is reshaping the energy opportunity. Discover seven stocks spanning traditional energy, infrastructure, and next-generation power.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
2026-10-30 04:42 1d ago
2026-10-30 00:28 2d ago
SkyWest, Inc. (SKYW) Q3 2026 Earnings Call Transcript
SKYW SkyWest
FMP Stock News
Original source text
SkyWest, Inc. (SKYW) Q3 2026 Earnings Call Transcript
2026-10-30 04:40 1d ago
2026-10-30 00:25 2d ago
Gold Price Forecast: XAU/USD falls below $4,000 as strong US data strengthen case for Fed rate hike FMP Forex News
Original source text
Gold extends its decline below the psychological level of $4,000 while entering into the weekend.
2026-10-30 04:39 1d ago
2026-10-29 23:00 2d ago
Bronstein, Gewirtz & Grossman LLC Urges Hims & Hers Health, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
HIMS Hims Hers Health
FMP Stock News
Original source text
NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Hims & Hers Health, Inc. (NYSE: HIMS) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Hims securities between August 4, 2025 and July 29, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/hims-hers-health-inc-hims-class_action_lawsuit.

Hims Case Details

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

Hims shared consumers’ health information with third-party advertising platforms; Hims charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is “right for them;” the foregoing conduct subjected Hims to regulatory scrutiny; as a result of the foregoing, Hims was reasonably likely to incur fees and penalties; and as a result of the foregoing, defendants’ positive statements about Hims' business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
What's Next for Hims Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/hims-hers-health-inc-hims-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Hims you have until November 1, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Hims Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Hims Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.
2026-10-30 04:37 1d ago
2026-10-29 22:28 2d ago
Reddit, Inc. (RDDT) Q3 2026 Earnings Call Transcript
RDDT Reddit
FMP Stock News
Original source text
Reddit, Inc. (RDDT) Q3 2026 Earnings Call October 29, 2026 4:30 PM EDT

Company Participants

Jesse Rose - Head of Investor Relations
Steven Huffman - Co-Founder, CEO, President & Director
Jennifer Wong - Chief Operating Officer
Andrew Vollero - Chief Financial Officer

Conference Call Participants

Benjamin Black - Deutsche Bank AG, Research Division
Josh Beck - Raymond James & Associates, Inc., Research Division
John Colantuoni - Jefferies LLC, Research Division
Naved Khan - B. Riley Securities, Inc., Research Division
Thomas Champion - Piper Sandler & Co., Research Division
Ronald Josey - Citigroup Inc., Research Division
Andrew Boone - Citizens JMP Securities, LLC, Research Division
Vasily Karasyov - Cannonball Research, LLC
Jason Helfstein - Oppenheimer & Co. Inc., Research Division
Ygal Arounian - Wedbush Securities Inc., Research Division
Douglas Anmuth - JPMorgan Chase & Co, Research Division

Presentation

Operator

Good afternoon. My name is Jonathan, and I will be your conference operator today. At this time, I would like to welcome everyone to Reddit's Q3 2026 Earnings Call. [Operator Instructions] I would now like to turn the call over to Jesse Rose, Head of Investor Relations. You may begin your conference.

Jesse Rose
Head of Investor Relations

Thanks, Jonathan. Hi, everyone. Welcome to Reddit's Third Quarter 2026 Earnings Call. Joining me are Steve Huffman, Reddit's Co-Founder and CEO; Jen Wong, Reddit's COO; and Drew Vollero, Reddit's CFO. I'd like to remind you that our remarks today will include forward-looking statements and actual results may vary.

Information concerning risks and other factors that could cause these results to vary is included in our SEC filings. These forward-looking statements represent our outlook only as of the date of this call, and we undertake no obligation to update any forward-looking statements.

During this call, we will discuss both GAAP and non-GAAP financials. Reconciliation of GAAP to non-GAAP financials can be found in our letter to shareholders. Our third