Market Signal Briefing

In a striking development, nearly 30 million Shiba Inu tokens were burned in the last 24 hours, marking a staggering 88,250% increase in burn rate. This dramatic reduction in supply might be a key factor indicating a potential rally for the meme-based cryptocurrency, which has otherwise seen lackluster performance in recent months.

SHIB’s 0.0001 goal is dead due to massive circulating supply.Shibarium TVL remaining below 1M confirms critical lack of utility.Capital is shifting from meme coins to AI and DePIN utility tokens.The Shiba Inu (SHIB) token is struggling to recover its price, a failure analysts attribute to fundamental structural challenges rather than simple market volatility.

This assessment follows new analyses declaring that SHIB’s goal of reaching the $0.0001 price level is a “dead end road” given the token’s core deficiencies.

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The Structural Challenge: Supply Overhang vs. Delayed DeflationThis harsh outlook is underscored by cold on-chain data: the Total Value Locked (TVL) on its layer-2 solution, Shibarium, has fallen and remained consistently below $1 million since early October, exposing a critical lack of ecosystem utility and adoption.

Shibarium TVL Throughout 2025. Source: DeFiLlamaSHIB faces the core conflict: a mismatch between its massive circulating supply and the slow pace of its deflationary mechanism. SHIB’s ecosystem was designed to utilize its layer-2 network, Shibarium, to burn tokens and reduce the total supply of approximately 589 trillion tokens.

Let’s clear the smoke$SHIB is fully decentralized no one holds the “keys.” Nothing was “destroyed” because no one ever had control to begin with.

At launch, half the supply was sent to Vitalik. He burned 410T+ SHIB and donated the rest to charity. The other half was locked in… https://t.co/yV748ahYWl

— The Dark Shib (@TheDarkShib) October 26, 2025
However, the low TVL on Shibarium continues. This is a fraction of the network’s theoretical potential. Therefore, the token burn rate significantly lags market expectations. This stagnation suggests that development efforts have not translated into meaningful network activity or user adoption.

Given that SHIB’s market capitalization is still in the billions, a TVL below $1 million is a stark indicator that decentralized applications (dApps) and users are not embracing the chain at the scale required.

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Analysts interpret this technical failure as the primary structural reason. They increasingly view ambitious price targets like 0.0001 as unrealistic. The sheer scale of the token supply requires a massive, sustained deflationary pressure that the current ecosystem is failing to provide.

The Utility Deficit and Capital Flight to AI/DePINA secondary but critical factor that drives SHIB’s struggle is the ongoing rotation of capital within the crypto market. This capital is moving toward sectors that offer tangible utility. As the broader Web3 trend shifts decisively from “meme” to “utility,” SHIB is losing ground to projects that provide real-world value.

In the second half of 2025, capital has favored sectors like AI compute (e.g., Bitfarms’ pivot) and DePIN, projects that generate revenue from data, computation, and enterprise efficiency. These utility-driven tokens offer clear fundamentals beyond speculation.

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Conversely, SHIB struggles to shed its “meme coin” image. The lack of TVL confirms that Shibarium has not found a unique, compelling use case. It needs this to attract developers and users away from established Layer-2 networks.

The sustained utility deficit means that whales and savvy money investors opt to divest from SHIB and redirect capital to these higher-growth, utility-focused sectors.

Community Resilience and the Competitive LandscapeDespite the long-term structural issues, community efforts show resilience. Data released yesterday indicates that SHIB token burns surged by over 42,000% in the past 24 hours, leading to a modest price increase to $0.00001062.

HOURLY SHIB UPDATE$SHIB Price: $0.00001062 (1hr 0.13% ▲ | 24hr 4.63% ▲ )
Market Cap: $6,253,290,169 (4.61% ▲)
Total Supply: 589,247,248,145,084

TOKENS BURNT
Past 24Hrs: 29,404,116 (42124.85% ▲)
Past 7 Days: 54,846,173 (-76.05% ▼)

— Shibburn (@shibburn) October 27, 2025
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The capital flight is not limited to utility tokens; it also targets alternative meme projects that promise aggressive tokenomics. One prominent figure noted on X that “the smart ones are rotating to Shib on Base,” citing a 32.6% supply burn and “AI-driven utility” as key drivers.

This active competition highlights that investors now actively seek faster burn mechanisms and verifiable utility. This forces the original SHIB project to compete with AI tokens and newer, more aggressive meme coin models.

For SHIB to maintain relevance and pursue price recovery, its team must urgently demonstrate measurable and innovative utility. This requires more than just community hype. Instead, it demands attracting significant liquidity and developer engagement to Shibarium. This action ultimately proves that the token functions as a critical piece of Web3 infrastructure

The recovery of Shibarium’s TVL is the necessary first signal that SHIB can break free from its structural constraints.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

2 mins mins

In Brief

ETHZilla repurchases 600,000 shares using $12M from a $40M Ethereum treasury sale.

Stock surges 14.53% to $20.65, then rises another 12.11% in after-hours trading.

Company plans continued ETH sales to fund buybacks until NAV discount is reduced.

ETHZilla Corporation has sold $40 million worth of its Ethereum treasury to fund share repurchases under its buyback program. The company has already used $12 million of the proceeds to repurchase approximately 600,000 common shares.

The board-approved $250 million buyback plan aims to narrow the discount between ETHZilla’s share price and its net asset value. The company plans to continue selling ETH to fund additional share buybacks until the NAV gap is reduced.

0/ ETHZilla today announced share buyback of approximately $40 million as ETHZ trades at a significant discount to NAV. Since Friday, October 24, we have repurchased ~600,000 shares for roughly $12M under the $250M buyback authorization, and plan to continue to repurchase our…

— ETHZilla (@ETHZilla_ETHZ) October 27, 2025

Chairman McAndrew Rudisill said the firm will reduce share count while enhancing NAV per share. The strategy also seeks to limit the stock’s availability for borrowing and shorting activity.

ETHZilla’s ETH holdings remain substantial, with approximately $400 million in ether retained after the latest sale. The move follows increasing pressure on digital asset treasuries to align stock prices with underlying crypto asset values.

Market Reacts Strongly to Repurchase Announcement
ETHZilla shares surged 14.53% on October 27, closing at $20.65 amid strong investor response to the repurchase move. The stock rebounded from a session low of $19.56 and hit an intraday high of $22.88.

Ethzilla Corp | Source: Google Search
After-hours trading extended the rally with a 12.11% gain, bringing the share price to $23.15. The sharp rise reflects renewed confidence as investors responded positively to the company’s effort to normalize its NAV discount.

ETHZilla remains one of the largest Ethereum treasuries among U.S. public companies. Peter Thiel’s Founders Fund recently acquired a 7.5% stake, signaling institutional support.

SharpLink Gaming, which holds the second-largest ETH treasury, has also announced a $1.5 billion repurchase program, indicating a broader trend. Both firms aim to stabilize stock performance through targeted buybacks backed by digital assets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Zcash (ZEC) has exploded in value past $350, clearing its 2021 high and igniting a wave of renewed optimism across the digital assets ecosystem. A surge in demand tied to privacy, cross-chain integration and bold market calls are pushing ZEC into the spotlight.

Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot

Rally Driven by Privacy Narrative and Major Price Call
Zcash’s recent rally is nothing short of dramatic. In the past month, ZEC’s price surged roughly 380 % and smashed through its May 2021 closing level of around US$319.

This breakout has drawn fresh attention to the coin’s core value proposition, transaction anonymity, at a time when regulatory scrutiny and surveillance concerns are rising globally.

Adding fuel to the fire, Arthur Hayes, co-founder and former CEO of BitMEX, publicly predicted that ZEC could ultimately reach US$10,000. Markets responded swiftly; within 24 hours of Hayes’s “vibe check” post on X, ZEC jumped over 30 %. The privacy-coin resurgence appears well underway.

Meanwhile, technical analysts argue the rise is more than hype. ZEC’s chart now showcases breakout patterns, rising volumes, and a shift in smart-money positioning. However, caution remains. Many analysts note that although the price is reflecting a strong narrative, actual usage of shielded transactions remains limited.

ZEC's price trends to the upside on the daily chart. Source: ZECUSD on Tradingview
Zcash (ZEC) Ecosystem Integrations Add Strength
Behind the price action lies concrete ecosystem development. Zcash integration into other chains, such as its wrapped version on Solana, is reviving interest, while new solutions seek to restore ZEC’s full privacy features across cross-chain networks.

For example, the project Encifher is enabling encrypted versions of ZEC (eZEC) using fully homomorphic encryption on Solana so that users can transact privately while still engaging with DeFi.

Other catalysts include the anticipated halving event, which is due to cut miner rewards in mid-November, tightening supply. Added to that, institutional frameworks such as the debut of a trust vehicle for ZEC are reportedly expanding exposure. All told, these structural shifts support the narrative.

Related Reading: Forget Inflation: Bitcoin Rallies When The Dollar Falls, Study Finds

Nevertheless, even with infrastructure rising, the risk remains that price is racing ahead of real adoption. Analysts warn of a “sell the news” scenario if new integrations or usage metrics fail to materialize.

Cover image from ChatGPT, ZECUSD chart from Tradingview

, /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Oct. 27, 2025. The dividend will be payable on Nov. 12, 2025, to stockholders of record on Nov. 6, 2025.

Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri. The Company's primary business is providing financial protection through the sale of life insurance and annuities. The Company operates in 49 states and the District of Columbia. For more information, please visit www.kclife.com.

SOURCE Kansas City Life Insurance Company

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October 27, 2025 7:00 PM EDT | Source: Deveron Corp.
Toronto, Ontario--(Newsfile Corp. - October 27, 2025) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company") announces that Messrs. Roger Dent, Greg Patterson and Ron Patterson, have resigned as directors of the Company, effective immediately. The Company wishes to thank Messrs. Dent, Patterson and Patterson for their valuable contributions to the Company and wishes them every success in their future endeavors.

The Company is also pleased to announce the appointment of Chris Irwin as a director of the Company. Mr. Irwin practices securities and corporate/commercial law and has been the managing partner of Irwin Lowy LLP since January 2010; the President of Irwin Professional Corporation from August 2006 to December 2009; and prior thereto he was an associate at Wildeboer Dellelce LLP from January 2004 to July 2006. Mr. Irwin advises a number of public companies, board of directors and independent committees on a variety of issues. Mr. Irwin is a director and/or officer of a number of public companies.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use.

This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward-looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272127

Vital Farms (VITL - Free Report) closed at $36.64 in the latest trading session, marking a -4.53% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.23%. On the other hand, the Dow registered a gain of 0.72%, and the technology-centric Nasdaq increased by 1.86%.

Shares of the company have depreciated by 9.27% over the course of the past month, underperforming the Consumer Staples sector's gain of 0.26%, and the S&P 500's gain of 2.45%.

The upcoming earnings release of Vital Farms will be of great interest to investors. The company's earnings report is expected on November 4, 2025. The company is forecasted to report an EPS of $0.29, showcasing a 81.25% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $190.98 million, indicating a 31.71% growth compared to the corresponding quarter of the prior year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.37 per share and a revenue of $771.13 million, indicating changes of +16.1% and +27.18%, respectively, from the former year.

Investors should also take note of any recent adjustments to analyst estimates for Vital Farms. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.78% higher. Vital Farms is holding a Zacks Rank of #1 (Strong Buy) right now.

Valuation is also important, so investors should note that Vital Farms has a Forward P/E ratio of 27.93 right now. This signifies a premium in comparison to the average Forward P/E of 16.09 for its industry.

The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 196, placing it within the bottom 21% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

For the quarter ended September 2025, Welltower (WELL - Free Report) reported revenue of $2.69 billion, up 30.7% over the same period last year. EPS came in at $1.34, compared to $0.73 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.65 billion, representing a surprise of +1.36%. The company delivered an EPS surprise of +3.08%, with the consensus EPS estimate being $1.30.

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 Welltower performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Interest income: $67.22 million versus the three-analyst average estimate of $66.07 million. The reported number represents a year-over-year change of -2.7%.Revenues- Other income: $57.63 million versus the three-analyst average estimate of $39.93 million. The reported number represents a year-over-year change of +29.2%.Revenues- Rental income: $499.48 million versus the two-analyst average estimate of $473.42 million. The reported number represents a year-over-year change of +16%.Revenues- Resident fees and services: $2.06 billion versus the two-analyst average estimate of $2.05 billion. The reported number represents a year-over-year change of +36.4%.Net Earnings Per Share (Diluted): $0.41 compared to the $0.53 average estimate based on three analysts.View all Key Company Metrics for Welltower here>>>

Shares of Welltower have returned +1.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

BioMarin Pharmaceutical (BMRN - Free Report) reported $776.13 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.1%. EPS of $0.12 for the same period compares to $0.91 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $784.4 million, representing a surprise of -1.05%. The company delivered an EPS surprise of +180%, with the consensus EPS estimate being -$0.15.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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

Revenues- Net Product Revenues- ALDURAZYME: $54 million versus the 11-analyst average estimate of $45.06 million.Revenues- Net Product Revenues- KUVAN: $24 million compared to the $21.1 million average estimate based on 11 analysts. The reported number represents a change of -14.3% year over year.Revenues- Net Product Revenues- NAGLAZYME: $122 million versus $123.14 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a -7.6% change.Revenues- Net Product Revenues- VIMIZIM: $183 million compared to the $192.42 million average estimate based on 11 analysts. The reported number represents a change of +2.8% year over year.Revenues- Royalty and other revenues: $15.32 million compared to the $11.31 million average estimate based on 11 analysts. The reported number represents a change of +29% year over year.Revenues- Net Product Revenues- PALYNZIQ: $109 million compared to the $103.1 million average estimate based on 11 analysts. The reported number represents a change of +19.8% year over year.Revenues- Net Product Revenues- VOXZOGO: $218 million versus the 11-analyst average estimate of $233.96 million. The reported number represents a year-over-year change of +14.7%.Revenues- Net Product Revenues- ROCTAVIAN: $3 million versus $9.39 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a -57.1% change.Revenues- Net product revenues: $760.81 million versus the 11-analyst average estimate of $778.49 million. The reported number represents a year-over-year change of +3.7%.Revenues- Net Product Revenues- BRINEURA: $48 million compared to the $43.28 million average estimate based on 11 analysts. The reported number represents a change of +29.7% year over year.View all Key Company Metrics for BioMarin here>>>

Shares of BioMarin have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

In the latest trading session, Kyndryl Holdings, Inc. (KD - Free Report) closed at $28.90, marking a +1.44% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.23% for the day. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 1.86%.

Heading into today, shares of the company had lost 3.26% over the past month, outpacing the Business Services sector's loss of 5.43% and lagging the S&P 500's gain of 2.45%.

The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2025. The company's earnings per share (EPS) are projected to be $0.35, reflecting a 3400% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.82 billion, up 1.11% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.18 per share and a revenue of $15.65 billion, indicating changes of +83.19% and +3.97%, respectively, from the former year.

Investors should also pay attention to any latest changes in analyst estimates for Kyndryl Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.65% lower. Kyndryl Holdings, Inc. currently has a Zacks Rank of #4 (Sell).

In terms of valuation, Kyndryl Holdings, Inc. is currently trading at a Forward P/E ratio of 13.05. This denotes a discount relative to the industry average Forward P/E of 22.55.

Investors should also note that KD has a PEG ratio of 2.61 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.83.

The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Fiverr International (FVRR - Free Report) ended the recent trading session at $23.20, demonstrating a +1.05% change from the preceding day's closing price. This change lagged the S&P 500's 1.23% gain on the day. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 1.86%.

Shares of the online marketplace for freelance services have depreciated by 9.18% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 1.39%, and the S&P 500's gain of 2.45%.

The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. The company is slated to reveal its earnings on November 5, 2025. The company's earnings per share (EPS) are projected to be $0.7, reflecting a 9.38% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $108.04 million, indicating a 8.44% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.8 per share and revenue of $432.78 million. These totals would mark changes of +17.65% and +10.55%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Fiverr International is currently a Zacks Rank #1 (Strong Buy).

In the context of valuation, Fiverr International is at present trading with a Forward P/E ratio of 8.21. This expresses a discount compared to the average Forward P/E of 23.26 of its industry.

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 36% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest close session, CyberArk (CYBR - Free Report) was up +1.54% at $519.81. This change outpaced the S&P 500's 1.23% gain on the day. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 1.86%.

Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 6.55% outpaced the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.45%.

The upcoming earnings release of CyberArk will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.92, reflecting a 2.13% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $327.05 million, up 36.21% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.86 per share and a revenue of $1.33 billion, representing changes of +27.39% and +32.53%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for CyberArk. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.9% increase. Currently, CyberArk is carrying a Zacks Rank of #5 (Strong Sell).

Valuation is also important, so investors should note that CyberArk has a Forward P/E ratio of 132.77 right now. This indicates a premium in contrast to its industry's Forward P/E of 72.76.

We can additionally observe that CYBR currently boasts a PEG ratio of 5.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Security industry was having an average PEG ratio of 2.87.

The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 209, this industry ranks in the bottom 16% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CYBR in the coming trading sessions, be sure to utilize Zacks.com.

Core & Main (CNM - Free Report) closed at $53.98 in the latest trading session, marking a -1.19% move from the prior day. This change lagged the S&P 500's 1.23% gain on the day. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 1.86%.

The distributor of water and fire protection products's stock has climbed by 3.43% in the past month, exceeding the Industrial Products sector's gain of 2.99% and the S&P 500's gain of 2.45%.

The investment community will be paying close attention to the earnings performance of Core & Main in its upcoming release. In that report, analysts expect Core & Main to post earnings of $0.72 per share. This would mark year-over-year growth of 4.35%. Our most recent consensus estimate is calling for quarterly revenue of $2.08 billion, up 2.03% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.24 per share and revenue of $7.67 billion, indicating changes of +5.16% and +3.02%, respectively, compared to the previous year.

It is also important to note the recent changes to analyst estimates for Core & Main. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Core & Main possesses a Zacks Rank of #5 (Strong Sell).

Digging into valuation, Core & Main currently has a Forward P/E ratio of 24.35. This valuation marks a premium compared to its industry average Forward P/E of 22.52.

Meanwhile, CNM's PEG ratio is currently 2.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Manufacturing - Tools & Related Products stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.

The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

B2Gold (BTG - Free Report) closed at $4.96 in the latest trading session, marking a -4.8% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 1.86%.

Prior to today's trading, shares of the gold, silver and copper miner had gained 5.89% outpaced the Basic Materials sector's loss of 1.98% and the S&P 500's gain of 2.45%.

Market participants will be closely following the financial results of B2Gold in its upcoming release. The company plans to announce its earnings on November 5, 2025. On that day, B2Gold is projected to report earnings of $0.16 per share, which would represent year-over-year growth of 700%.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.59 per share and a revenue of $3.21 billion, indicating changes of +268.75% and +68.68%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for B2Gold. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% lower. B2Gold is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, B2Gold is presently trading at a Forward P/E ratio of 8.86. This valuation marks a discount compared to its industry average Forward P/E of 15.18.

The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Air Industries (AIRI - Free Report) ended the recent trading session at $3.28, demonstrating a -1.8% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.23%. Meanwhile, the Dow experienced a rise of 0.72%, and the technology-dominated Nasdaq saw an increase of 1.86%.

Shares of the maker of parts for the aerospace industry and defense contractors have appreciated by 7.05% over the course of the past month, outperforming the Aerospace sector's gain of 3.51%, and the S&P 500's gain of 2.45%.

Analysts and investors alike will be keeping a close eye on the performance of Air Industries in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.22, reflecting a 83.33% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10 million, indicating a 20.38% decline compared to the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.61 per share and a revenue of $48.29 million, signifying shifts of -48.78% and -12.37%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Air Industries. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Air Industries is holding a Zacks Rank of #4 (Sell) right now.

The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 29% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

AudioEye (AEYE - Free Report) closed the most recent trading day at $14.27, moving +1.13% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.23%. On the other hand, the Dow registered a gain of 0.72%, and the technology-centric Nasdaq increased by 1.86%.

Shares of the company have depreciated by 0.74% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.49%, and the S&P 500's gain of 2.45%.

The upcoming earnings release of AudioEye will be of great interest to investors. The company's earnings report is expected on November 4, 2025. On that day, AudioEye is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 12.5%. In the meantime, our current consensus estimate forecasts the revenue to be $10.25 million, indicating a 14.78% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.7 per share and a revenue of $40.47 million, representing changes of +27.27% and +14.96%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for AudioEye. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AudioEye is currently sporting a Zacks Rank of #3 (Hold).

Looking at valuation, AudioEye is presently trading at a Forward P/E ratio of 20.15. This represents a discount compared to its industry average Forward P/E of 30.18.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 32% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Archer Daniels Midland (ADM - Free Report) closed the most recent trading day at $61.94, moving -2.19% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 1.86%.

The agribusiness giant's stock has climbed by 4.51% in the past month, exceeding the Consumer Staples sector's gain of 0.26% and the S&P 500's gain of 2.45%.

The upcoming earnings release of Archer Daniels Midland will be of great interest to investors. The company's earnings report is expected on November 4, 2025. The company's upcoming EPS is projected at $0.88, signifying a 19.27% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $20.65 billion, showing a 3.59% escalation compared to the year-ago quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.73 per share and a revenue of $84.54 billion, indicating changes of -21.31% and -1.15%, respectively, from the former year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Archer Daniels Midland. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.68% lower. Archer Daniels Midland is holding a Zacks Rank of #4 (Sell) right now.

Investors should also note Archer Daniels Midland's current valuation metrics, including its Forward P/E ratio of 16.99. This signifies no noticeable deviation in comparison to the average Forward P/E of 16.99 for its industry.

Also, we should mention that ADM has a PEG ratio of 5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Agriculture - Operations industry had an average PEG ratio of 1.75 as trading concluded yesterday.

The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 18% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Bookings of $951 million, representing a book-to-bill of 141%Revenues of $2.18 billionNet Income of $42 million, or $0.11 per shareAdjusted EBITDA* of $258 millionCash flow from operations of $352 million and free cash flow* of $245 millionReturned $108 million of capital to shareholders through share repurchases and dividends *Free Cash Flow, Excess Free Cash Flow and Adjusted EBITDA are non-GAAP measures, see “Non-GAAP Financial Measures,” “Reconciliation of Cash Flows from Operating Activities to Free Cash Flow and Excess Free Cash Flow” and “Reconciliation of Net Income to Adjusted EBITDA” below.

HOUSTON, Oct. 27, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) today reported third quarter 2025 revenues of $2.18 billion, a decrease of one percent compared to the third quarter of 2024. Net income decreased 68 percent to $42 million, or $0.11 per share, and operating profit decreased 45 percent to $107 million, or 4.9 percent of sales. The Company recorded $65 million within Other Items during the third quarter of 2025 (see Corporate Information for additional details). Adjusted EBITDA decreased 10 percent year-over-year to $258 million, or 11.9 percent of sales. Sequentially, revenue declined less than one percent, net income declined 61 percent, and Adjusted EBITDA increased two percent.

“NOV's operational performance improved sequentially in the third quarter,” stated Clay Williams, Chairman and CEO. “Strong execution on our offshore production backlog, disciplined cost control efforts, and continued efficiency improvements helped NOV maintain steady revenue and margins sequentially despite lower activity in energy and industrial markets. These efforts, combined with improved working capital management, drove robust free cash flow of $245 million during the quarter.

“Demand for NOV’s production equipment remains strong as the offshore upcycle gains momentum and global natural gas development expands. Bookings more than doubled sequentially, resulting in a book-to-bill ratio of 141%.

“While near-term industry fundamentals remain challenged, and inflationary pressures are prompting reassessments of both energy and industrial projects, the breadth and resilience of NOV’s portfolio continue to underpin our performance. We are encouraged by the resurgence in offshore investment and the emergence of unconventional development in new regions as these trends will rely on NOV’s differentiated tools and technologies.

“Our longstanding commitment to technology leadership and our diverse portfolio provide strength through cycles and opportunities for growth. Along with ongoing actions to improve our cost structure and better leverage our global platform, NOV is positioned to increase profitability, generate strong cash flow, and unlock long-term shareholder value.”

As part of its long-term succession plan, the Company also announced that its board of directors (the “Board”) had increased its size by one and appointed Jose Bayardo, President and Chief Operating Officer, to the Board. Mr. Bayardo served as Senior Vice President and Chief Financial Officer since joining the Company in 2015, until his promotion to his current position earlier this year. Mr. Bayardo holds a Bachelor of Science in Chemical Engineering from the University of Texas at Austin, a Master of Engineering Management and Master of Business Administration from Northwestern University.

Energy Products and Services
Energy Products and Services generated revenues of $971 million in the third quarter of 2025, a decrease of three percent from the third quarter of 2024. Operating profit decreased $76 million from the prior year to $38 million, or 3.9 percent of sales, and included $41 million in Other Items. Adjusted EBITDA decreased $37 million from the prior year to $135 million, or 13.9 percent of sales. Revenue declined due to lower global drilling activity levels and delays in infrastructure projects affecting the timing of capital equipment orders. Profitability was negatively impacted by a less favorable sales mix, as well as tariffs and other inflationary pressures.

Energy Equipment
Energy Equipment generated revenues of $1,247 million in the third quarter of 2025, an increase of two percent from the third quarter of 2024. Operating profit increased $1 million from the prior year to $130 million, or 10.4 percent of sales, and included $21 million in Other Items. Adjusted EBITDA increased $21 million from the prior year to $180 million, or 14.4 percent of sales, representing thirteen consecutive quarters of year-over-year Adjusted EBITDA margin growth. Higher revenue from the segment’s growing backlog of offshore production-related equipment more than offset reduced demand for aftermarket spare parts and services. Improved profitability was the result of solid execution on the segment’s backlog, cost controls and increased operational efficiencies.

New orders booked during the quarter totaled $951 million, representing a book-to-bill of 141 percent when compared to $674 million of orders shipped from backlog. As of September 30, 2025, backlog for capital equipment orders for Energy Equipment totaled $4.56 billion, an increase of $77 million from the third quarter of 2024.

Q4 2025 Outlook
The Company is providing financial guidance for the fourth quarter of 2025, which constitutes “forward-looking statements” as described further below under “Cautionary Note Regarding Forward-Looking Statements.”

For the fourth quarter of 2025 management expects year-over-year consolidated revenues to decline between five to seven percent with Adjusted EBITDA expected to be between $230 million and $260 million.

Corporate Information
NOV repurchased approximately 6.2 million shares of common stock for $80 million and paid $28 million in dividends during the third quarter, resulting in a total of $108 million in capital returned to shareholders.

During the third quarter of 2025, NOV recorded $65 million in Other Items, primarily related to the write-down of certain long-lived assets and inventory, and severance charges associated with facility consolidations and other restructuring activities (see Reconciliation of Net Income to Adjusted EBITDA).

As of September 30, 2025, the Company had total debt of $1.73 billion, with $1.50 billion available on its primary revolving credit facility, and $1.21 billion in cash and cash equivalents.

Significant Achievements
NOV secured a contract to supply a monoethylene glycol (MEG) reclamation system for operation in the Black Sea with a national oil and gas company. The system will be integrated into the production facilities of a newbuild FPSO under construction in Asia by a leading EPC contractor. This award follows a series of recent project wins supporting natural gas developments across the Middle East, Eastern Mediterranean, and Black Sea regions.

NOV’s success with offshore drilling automation continues to expand. A deepwater floater operating offshore Guyana with NOV’s latest NOVOS™ and Multi Machine Control (MMC) automation systems achieved more than 17% improvement in connection time compared to the rig’s prior campaign. Additionally, NOV secured contracts to upgrade three ultra-deepwater floaters with advanced rig automation and safety systems. The projects include NOVOS, MMC, Pipe Interlock Management systems, and Red Zone Manager™ (RZM) safety technology, and an active Crown Mounted Compensator system.

NOV’s ATOM™ RTX robotic technology was deployed on a land rig in the Permian Basin, marking the first installation of this system in the U.S. land market. Building on proven results from offshore operations as well as more than a year of operations onshore Canada, the system enhances safety by reducing manual work in the red zone while maintaining high levels of consistency and drilling performance. Results show improved connection and tripping efficiency, supporting faster and more predictable well delivery.

NOV secured several orders for flexible riser and flowline systems supporting deepwater production projects in the Black Sea, Guyana, and Brazil. The awards include a second contract for NOV’s Active Heated flexible riser system, which combines flexible pipe and heating technology to address flow assurance challenges in deepwater environments.

NOV secured a second order for its APL™ Submerged Swivel and Yoke (SSY) system to support a floating LNG (FLNG) project in the San Matías Gulf, Argentina. The project will allow LNG exports from a consortium of regional gas producers. An innovative offshore system, the APL SSY system enables safe mooring of an FLNG vessel and continuous gas transfer through a subsea pipeline while reducing topside infrastructure and project complexity.

NOV was selected to supply double-wall fiberglass-reinforced plastic fuel storage tanks for a major financial institution’s data center expansion in the Northeast United States. The project includes two 40,000-gallon tanks that will provide additional backup fuel capacity to support growing data storage and power resiliency requirements.

NOV supported drilling and completion of the first tight gas unconventional well drilled by an international operator in Bahrain with a suite of downhole drilling and completions technologies. Vector™ drilling motors with ERT™ power sections were used to drill multiple hole sections while a 7-inch by 9⅝-inch GSP liner hanger with a 7-inch PureFlow™ stage cementing tool was used to install and cement the intermediate liner string.

NOV secured an award to deploy its Max™ Platform technology stack in support of a next-generation remote operating center for a major U.S. operator. The implementation advances a “managed-by-exception” model designed to increase efficiency and performance across drilling operations. Powered by Max Platform Services and Max Drilling technology, the edge-to-cloud system leverages real-time data, smart alarms, and AI-driven insights to streamline oversight and focus expertise where it creates the most value.

NOV secured two major wireline intervention package orders in the Middle East. The awards include projects for an international service company operating offshore Qatar and a project supporting Abu Dhabi onshore development, and encompass crane winch trucks, masts, wireline pressure control equipment, and control modules, among other intervention equipment.

NOV achieved record drilling performance in Weld County, Colorado, where an integrated downhole assembly reached total depth in a single 19,000-ft run in the Wattenberg Field. The system combined a ReedHycalog™ TKC59 Tektonic™ drill bit, a DAYTONA 25 motor, and the new Agitator™ Rage tool, NOV’s most powerful friction reduction tool to date. Designed to harness higher downhole pressures, the Agitator Rage tool leverages high-specification rig capabilities to produce greater friction reduction energy for drilling longer, more consistent laterals in the most demanding environments.

NOV ReedHycalog’s 8½-inch RH63-A1 Pegasus™ drill bit delivered record performance for an operator drilling in Devonian-age formations in the Central Basin Platform of the Permian Basin. These deep, hard formations are known for challenging drilling conditions, where bit durability and efficiency are critical. The dual-diameter bit design eliminated multiple trips and achieved a 110% increase in rate of penetration and 31% longer intervals compared to prior wells drilled in the region. These gains reduced days on well and delivered the lowest well construction costs the operator has recorded in the area.

Third Quarter Earnings Conference Call
NOV will hold a conference call to discuss its third quarter 2025 results on October 28, 2025 at 10:00 AM Central Time (11:00 AM Eastern Time). The call will be broadcast simultaneously at www.nov.com/investors. A replay will be available on the website for 30 days.

About NOV
NOV (NYSE: NOV) delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world.
Visit www.nov.com for more information.

Non-GAAP Financial Measures
This press release contains certain non-GAAP financial measures that management believes are useful tools for internal use and the investment community in evaluating NOV’s overall financial performance. These non-GAAP financial measures are broadly used to value and compare companies in the oilfield services and equipment industry. Not all companies define these measures in the same way. In addition, these non-GAAP financial measures are not a substitute for financial measures prepared in accordance with GAAP and should therefore be considered only as supplemental to such GAAP financial measures. Additionally, Free Cash Flow and Excess Free Cash Flow do not represent the Company’s residual cash flow available for discretionary expenditures, as the calculation of these measures does not account for certain debt service requirements or other non-discretionary expenditures. Please see the attached schedules for reconciliations of the differences between the non-GAAP financial measures used in this press release and the most directly comparable GAAP financial measures.

This press release contains certain forward-looking non-GAAP financial measures, including Adjusted EBITDA. The Company has not provided a reconciliation of projected Adjusted EBITDA. Management cannot predict with a reasonable degree of accuracy certain of the necessary components of net income, such as other income (expense), which includes fluctuations in foreign currencies. As such, a reconciliation of projected net income to projected Adjusted EBITDA is not available without unreasonable effort. The actual amount of other income (expense), provision (benefit) for income taxes, equity income (loss) in unconsolidated affiliates, depreciation and amortization, and other amounts excluded from Adjusted EBITDA could have a significant impact on net income.

Cautionary Note Regarding Forward-Looking Statements
This document contains, or has incorporated by reference, statements that are not historical facts, including estimates, projections, and statements relating to our business plans, objectives, and expected operating results that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often contain words such as “may,” “can,” “likely,” “believe,” “plan,” “predict,” “potential,” “will,” “intend,” “think,” “should,” “expect,” “anticipate,” “estimate,” “forecast,” “expectation,” “goal,” “outlook,” “projected,” “projections,” “target,” and other similar words, although some such statements are expressed differently. Other oral or written statements we release to the public may also contain forward-looking statements. Forward-looking statements involve risk and uncertainties and reflect our best judgment based on current information. You should be aware that our actual results could differ materially from results anticipated in such forward-looking statements due to a number of factors, including but not limited to changes in oil and gas prices, customer demand for our products, potential catastrophic events related to our operations, protection of intellectual property rights, compliance with laws, and worldwide economic activity, including matters related to recent Russian sanctions and changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs and their related impacts on the economy. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements. We undertake no obligation to update any such factors or forward-looking statements to reflect future events or developments. You should also consider carefully the statements under “Risk Factors,” as disclosed in our most recent Annual Report on Form 10-K, as updated in Part II, Item 1A of our most recent Quarterly Report on Form 10-Q, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our most recent Annual Report on Form 10-K, which address additional factors that could cause our actual results to differ from those set forth in such forward-looking statements, as well as additional disclosures we make in our press releases and other securities filings. We also suggest that you listen to our quarterly earnings release conference calls with financial analysts.

Certain prior period amounts have been reclassified in this press release to be consistent with current period presentation.

CONTACT:
Amie D'Ambrosio
Director, Investor Relations
(713) 375-3826
[email protected] 

NOV INC.CONSOLIDATED STATEMENTS OF INCOME (Unaudited)(In millions, except per share data)       Three Months Ended
 Nine Months Ended
 September 30,
 June 30,
 September 30,
 2025
 2024
 2025
 2025
 2024
Revenue:              Energy Products and Services$971  $1,003  $1,025  $2,988  $3,070 Energy Equipment 1,247   1,219   1,207   3,600   3,601 Eliminations (42)  (31)  (44)  (121)  (109)Total revenue 2,176   2,191   2,188   6,467   6,562 Gross profit 412   469   446   1,305   1,517 Gross profit % 18.9%  21.4%  20.4%  20.2%  23.1%               Selling, general, and administrative 305   275   303   903   848 Operating profit 107   194   143   402   669 Interest expense, net (11)  (10)  (12)  (34)  (40)Equity income (loss) in unconsolidated affiliates (11)  —   1   (10)  37 Other expense, net (12)  (10)  (17)  (49)  (34)Income before income taxes 73   174   115   309   632 Provision for income taxes 29   44   1   77   158 Net income 44   130   114   232   474 Net income (loss) attributable to noncontrolling interests 2   —   6   9   (1)Net income attributable to Company$42  $130  $108  $223  $475 Per share data:              Basic$0.11  $0.33  $0.29  $0.59  $1.21 Diluted$0.11  $0.33  $0.29  $0.59  $1.20 Weighted average shares outstanding:              Basic 370   392   375   375   394 Diluted 371   395   376   377   397                      NOV INC.CONSOLIDATED BALANCE SHEETS(In millions)      September 30,  December 31, 2025  2024ASSETS(Unaudited)   Current assets:    Cash and cash equivalents$1,207  $1,230Receivables, net 1,871   1,819Inventories, net 1,886   1,932Contract assets 576   577Prepaid and other current assets 222   212Total current assets 5,762   5,770     Property, plant and equipment, net 2,025   1,922Lease right-of-use assets 532   549Goodwill and intangibles, net 2,089   2,138Other assets 930   982Total assets$11,338  $11,361     LIABILITIES AND STOCKHOLDERS’ EQUITY    Current liabilities:    Accounts payable$798  $837Accrued liabilities 760   861Contract liabilities 564   492Current portion of lease liabilities 101   102Current portion of long-term debt 34   37Accrued income taxes 7   18Total current liabilities 2,264   2,347     Long-term debt 1,692   1,703Lease liabilities 528   544Other liabilities 342   339Total liabilities 4,826   4,933     Total stockholders’ equity 6,512   6,428Total liabilities and stockholders’ equity$11,338  $11,361        NOV INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)
       Three Months Ended  Nine Months Ended  September 30,  September 30,  2025  2025  2024 Cash flows from operating activities:        Net income$44  $232  $474 Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation and amortization 89   265   255 Working capital, net 120   (15)  (89)Other operating items, net 99   196   73 Net cash provided by operating activities 352   678   713          Cash flows from investing activities:        Purchases of property, plant and equipment (107)  (274)  (233)Business acquisitions, net of cash acquired —   —   (252)Business divestitures, net of cash disposed —   —   176 Other 3   8   1 Net cash used in investing activities (104)  (266)  (308)         Cash flows from financing activities:        Borrowings against lines of credit and other debt 2   2   419 Payments against lines of credit and other debt (4)  (17)  (422)Cash dividends paid (28)  (163)  (79)Share repurchases (80)  (230)  (117)Other (8)  (43)  (36)Net cash used in financing activities (118)  (451)  (235)Effect of exchange rates on cash (3)  16   (1)Increase (decrease) in cash and cash equivalents 127   (23)  169 Cash and cash equivalents, beginning of period 1,080   1,230   816 Cash and cash equivalents, end of period$1,207  $1,207  $985              NOV INC.RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO FREE CASH FLOW AND EXCESS FREE CASH FLOW (Unaudited)(In millions)Presented below is a reconciliation of cash flow from operating activities to “Free Cash Flow”. The Company defines Free Cash Flow as cash flow from operating activities less purchases of property, plant and equipment, or “capital expenditures” and Excess Free Cash Flow as cash flows from operations less capital expenditures and other investments, including acquisitions and divestitures. Management believes this is important information to provide because it is used by management to evaluate the Company’s operational performance and trends between periods and manage the business. Management also believes this information may be useful to investors and analysts to gain a better understanding of the Company’s results of ongoing operations. Free Cash Flow and Excess Free Cash Flow are not intended to replace GAAP financial measures.  Three Months Ended  Nine Months Ended  September 30,  September 30,  2025  2025  2024          Total cash flows provided by operating activities$352  $678  $713 Capital expenditures (107)  (274)  (233)Free Cash Flow$245  $404  $480 Business acquisitions, net of cash acquired —   —   (252)Business divestitures, net of cash disposed —   —   176 Excess Free Cash Flow$245  $404  $404              NOV INC.RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (Unaudited)(In millions)Presented below is a reconciliation of Net Income to Adjusted EBITDA. The Company defines Adjusted EBITDA as Operating Profit excluding Depreciation, Amortization, Gains and Losses on Sales of Fixed Assets, and, when applicable, Other Items. Adjusted EBITDA % is a ratio showing Adjusted EBITDA as a percentage of sales. Management believes this is important information to provide because it is used by management to evaluate the Company’s operational performance and trends between periods and manage the business. Management also believes this information may be useful to investors and analysts to gain a better understanding of the Company’s results of ongoing operations. Adjusted EBITDA and Adjusted EBITDA % are not intended to replace GAAP financial measures, such as Net Income and Operating Profit %. Other Items include gain on business divestiture, impairment, restructure, severance, facility closure costs and inventory charges and credits.  Three Months Ended  Nine Months Ended  September 30,  June 30,  September 30,  2025  2024  2025  2025  2024 Operating profit:              Energy Products and Services$38  $114  $83  $204  $363 Energy Equipment 130   129   122   386   456 Eliminations and corporate costs (61)  (49)  (62)  (188)  (150)Total operating profit$107  $194  $143  $402  $669                Operating profit %:              Energy Products and Services 3.9%  11.4%  8.1%  6.8%  11.8%Energy Equipment 10.4%  10.6%  10.1%  10.7%  12.7%Eliminations and corporate costs —   —   —   —   — Total operating profit % 4.9%  8.9%  6.5%  6.2%  10.2%               Other items, net:              Energy Products and Services$41  $3  $6  $52  $4 Energy Equipment 21   1   9   33   (122)Corporate 3   1   4   12   2 Total other items$65  $5  $19  $97  $(116)               (Gain) loss on sales of fixed assets:              Energy Products and Services$(2) $1  $—  $(4) $— Energy Equipment (1)  —   (1)  (2)  — Corporate —   —   4   4   — Total (gain) loss on sales of fixed assets$(3) $1  $3  $(2) $—                Depreciation & amortization:              Energy Products and Services$58  $54  $57  $174  $163 Energy Equipment 30   29   28   86   86 Corporate 1   3   2   5   6 Total depreciation & amortization$89  $86  $87  $265  $255                Adjusted EBITDA:              Energy Products and Services$135  $172  $146  $426  $530 Energy Equipment 180   159   158   503   420 Eliminations and corporate costs (57)  (45)  (52)  (167)  (142)Total Adjusted EBITDA$258  $286  $252  $762  $808                Adjusted EBITDA %:              Energy Products and Services 13.9%  17.1%  14.2%  14.3%  17.3%Energy Equipment 14.4%  13.0%  13.1%  14.0%  11.7%Eliminations and corporate costs —   —   —   —   — Total Adjusted EBITDA % 11.9%  13.1%  11.5%  11.8%  12.3%               Reconciliation of Adjusted EBITDA:              GAAP net income attributable to Company$42  $130  $108  $223  $475 Noncontrolling interests 2   —   6   9   (1)Provision for income taxes 29   44   1   77   158 Interest and financial costs 22   21   22   66   67 Interest income (11)  (11)  (10)  (32)  (27)Equity (income) loss in unconsolidated affiliates 11   —   (1)  10   (37)Other expense, net 12   10   17   49   34 (Gain) loss on sales of fixed assets (3)  1   3   (2)  — Depreciation and amortization 89   86   87   265   255 Other items, net 65   5   19   97   (116)Total Adjusted EBITDA$258  $286  $252  $762  $808 

Stocks jumped to new records on Monday after U.S. and China officials cooled tensions over the weekend, laying the groundwork for President Donald Trump and China President Xi Jinping to clinch a trade deal this week.

While 2025 has seen a plethora of stocks post explosive gains, several high-flyers just got a bit of a wake-up call. Below, we'll detail three stocks that have been among the most impressive in the market that have just taken big haircuts.

Veteran Financial Leader and Accomplished Corporate Lawyer to Lead Next Phase of Company Growth

October 27, 2025 17:53 ET

 | Source:

Vestand Inc.

BREA, Calif., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Vestand Incorporated (NASDAQ: VSTD) (“Vestand”, or the “Company”), a global investment platform that integrates traditional real-world assets with next-generation crypto treasury strategies, today announced the appointment of Jaeho Yoon as Chief Financial Officer, succeeding Ju Hwan Oh who has stepped down from the role, and appointed Andrew Yun as its new Chief Compliance Officer, who currently serves on the Board of Directors, both effective immediately.

Jaeho Yoon is a veteran financial leader who most recently served as a senior manager in the corporate planning team of BGF EcoMaterials where he oversaw company-wide management reporting and managed subsidiaries in the U.S., China, and India. He also served as a manager in the new business development team of BGF Holdings. Mr. Yoon has also served as a senior consultant at Rolan Berger Strategic Consultants (Seoul) and as a consultant at Deloitte Consulting Southeast Asia. He obtained his Master of Business Administration from Keio Business School and his Bachelor of Business Administration from Yonsei University.

Andrew Yun is a highly regarded attorney with extensive experience in corporate law, real estate, mergers and acquisitions, and corporate governance. He joined Vestand as a Director in October 2025. Mr. Yun is the managing partner of Yun Law Group, and his practice is focused on all matters related to business including business transactions, corporate governance, and mergers and acquisitions. Prior to founding Yun Law Group, Mr. Yun was senior legal counsel to the largest energy and electronics conglomerates in the world. He holds a B.A. from Claremont McKenna College and a J.D. from Loyola Law School.

“We welcome Jaeho and Andrew to their positions and are honored to have the CFO and CCO roles held by these two respected leaders,” said Ji-Won Kim, CEO of Vestand. “I would like to thank Ju Hwan for his contribution in leading us to this inflection point, and welcome Jaeho’s capabilities in managing global teams, financial reporting and new business development. His achievements as well as expertise in financial management will make a significant addition to the strategic operation and development of our company going forward. With Andrew’s extensive knowledge of compliance, he will ensure that our actions and decisions comply with all applicable laws and regulations. We look forward to their contributions as we continue to execute on our key growth initiatives to become a leading global investment platform that integrates traditional real-world assets (RWA) with next-generation crypto treasury strategies.”

About Vestand Incorporated (NASDAQ: VSTD)

Vestand (NASDAQ: VSTD) is a U.S. Nasdaq-listed company and a global investment platform that integrates traditional real-world assets (RWA) with next-generation crypto treasury strategies. Through its U.S. and Korean subsidiaries, it connects the global capital markets and is creating a new growth model that combines real estate, security technology, and blockchain innovation. For more information, please visit https://vestand.com/.

Forward Looking Statements

This press release includes certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding our ability to execute on our growth strategy and expand our leadership position. These forward-looking statements include, but are not limited to, the Company’s beliefs, plans, goals, objectives, expectations, assumptions, estimates, intentions, future performance, other statements that are not historical facts, and statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies, and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies, and prospects as reflected in, or suggested by, these forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations, or strategies will be attained or achieved. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our filings with the SEC including our Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent reports we file with the SEC from time to time, which can be found on the SEC’s website at www.sec.gov. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Relations Contact:
Larry W Holub
Director
MZ North America
[email protected]  
312-261-6412

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Tronox (TROX) To Contact Him Directly To Discuss Their Options.

If you purchased or acquired common stock in Tronox between February 12, 2025, to July 30, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Tronox Holdings plc (“Tronox” or the “Company”) (NYSE:TROX) in the United States District Court for the District of Connecticut on behalf of all persons and entities who purchased or otherwise acquired Tronox common stock between February 12, 2025, to July 30, 2025, both dates inclusive (the “Class Period”).Investors have until November 3, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Allegation Details:

According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Tronox’s ability to forecast the demand for its pigment and zircon products or otherwise the true state of its commercial division, despite making lofty long-term projections, Tronox’s forecasting processes fell short as sales continued to decline and costs increased, ultimately, derailing the Company’s revenue projections.On July 30, 2025, Tronox announced its financial results for the second quarter of fiscal 2025, revealing a significant reduction in TiO2 sales for the quarter. The Company attributed the decline to “softer than anticipated coatings season and heightened competitive dynamics.” As a result of the setback in sales, defendants revised the Company’s 2025 financial outlook lowering its full-year revenue guidance and reducing its dividend by 60%.Following this news, Tronox’s common stock declined dramatically. From a closing market price of $5.14 per share on July 30, 2025, Tronox’s stock price fell to $3.19 per share on July 31, 2025, a decline of about 38% in the span of just a single day.
Next Steps:

If you purchased or otherwise acquired Tronox shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.

Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Pernod Ricard SA (OTCPK:PRNDY) Shareholder/Analyst Call October 27, 2025 9:00 AM EDT

Company Participants

Alexandre Ricard - CEO, MD & Chairman
Noemie Bauer - Sustainable Business Director
Hélène de Tissot - Executive Vice President of Finance & Tech
Patricia Marie Barbizet
Kory Sorenson
Marc De Villartay
Anne-Marie Poliquin - Executive Vice President of Legal & Compliance
Albert Baladi
Jean Lemierre

Presentation

Alexandre Ricard
CEO, MD & Chairman

Ladies and gentlemen, dear shareholders, hello, to everyone. Great pleasure to welcome you once again here in the Salle Pleyel for our Annual General Assembly. So you're loyal, many of you as ever. This shows the interest that you have for our group and your group, and I really thank you for that. I would like to thank those of you who are with us for the first time here today. You are welcome, of course. The current general assembly was conveyed in line with the legal and regulatory dispositions, which exist. No request for a description of a resolution project or point for the minutes for the agenda not was formulated after the publication of the meeting on the BALO on the 19th of September.

There is a present sheet, which was made available with the mentions prescribed by the legislation. So I declare this Annual General Assembly open. As Chair of the General Assembly, I suggest that we make up the bureau of the assembly. So I will therefore request that Madam Patricia Ricard Giron, representing the company Pernod Ricard and Mr. Jonathan Rubinstein, representing the group Bruxelles Lambert to act as scrutineers. I designate Mrs. Anne-Marie Poliquin as Secretary of the General Assembly.

Also present in the Central Bureau, Mrs. Patricia Barbizet, Senior member and Mrs. Hélène de Tissot, Vice President, Executive Finance and Tech. The statutory auditors are represented by Mr. Marc De Villartay from the Deloitte from Deloitte & Associates. We are now going to be sharing

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DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the “Company") announced today that Mr. Simon Fish has resigned from the Company's Board of Directors, effective immediately, to pursue his new role as Senior Executive Vice President and General Counsel of TD Bank Group. Mr. Fish was appointed to SSR Mining’s Board of Directors in 2018 and served as Chair of the Corporate Governance and Nominating Committee and a member of the Compensation and Leadership Development Committee.

Rod Antal, Executive Chairman of SSR Mining, stated, "We would like to thank Simon for his dedication and valuable guidance to the Board of Directors during his tenure. Simon has been a key contributor to the success of SSR Mining for many years and I would like to personally extend my gratitude for his contribution. On behalf of the Board and our employees, we wish him the very best in his new endeavor."

Following the resignation, SSR Mining's Board of Directors will be comprised of eight Directors.

About SSR Mining

SSR Mining is listed under the ticker symbol SSRM on the Nasdaq and the TSX.

For more information, please visit www.ssrmining.com.

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