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Stocks
Flutter Entertainment falls after lowering annual profit forecast for US market
** U.S.-listed shares of sports betting platform Flutter Entertainment FLUT.N FLTRF.L down 3% at $235.2** Flutter late on Wednesday said it expects U.S. core profit to be $180 million lower this year at $1.13 billion due to an unprecedented run of bettor-friendly results during the March Madness col...Reuters
Thu, May 8
Other
Rubio calls Pakistan PM Sharif, urges Islamabad and New Delhi to step back
ISLAMABAD, May 8 (Reuters) - U.S. Secretary of State Marco Rubio called Pakistan Prime Minister Shehbaz Sharif on Thursday and stressed on the need for India and Pakistan to work closely to de-escalate their conflict, Sharif's office said in a statement.Reuters
Thu, May 8
Stocks
Xeris Biopharma Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Xeris Biopharma Holdings Inc XERS.OQ reported a quarterly adjusted loss of 6 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of six analysts for the quarter was for a loss of 5 cents per share...Reuters
Thu, May 8
Other
Hikma Pharma to pay $50 million to settle narcolepsy drug antitrust case
By Mike Scarcella May 8 (Reuters) - Hikma Pharmaceuticals HIK.L has agreed to pay $50 million to settle a class action accusing the drugmaker of scheming to delay a generic version of Jazz’s blockbuster narcolepsy drug Xyrem, causing health plans to pay higher prices.The proposed settlement filed...Reuters
Thu, May 8
Economic Indicator
FACTBOX-What items are in the EU's new response measures to Trump tariffs?
By Julia Payne BRUSSELS, May 8 (Reuters) - The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures to U.S. tariffs should negotiations with Washington fail.The Commission has compiled a list of imported products worth 95 billion ...Reuters
Thu, May 8
Stocks
Axon Hits the Mark to Start 2025
Here's our initial take on Axon Enterprise's (NASDAQ: AXON) first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsTotal revenue$460 million$604 million 31%BeatAdjusted earnings per share$1.15$1.41 23%BeatAnnual recurring revenue$825 million$1.10 billion 34%n/aNet revenu...The Motley Fool
Thu, May 8
Stocks
Sphere Entertainment Co reports results for the quarter ended March 31 - Earnings Summary
Sphere Entertainment Co SPHR.N reported a quarterly adjusted loss of $2.26 per share for the quarter ended March 31. The mean expectation of six analysts for the quarter was for a loss of $2.31 per share. Wall Street expected results to range from $-2.94 to $-1.57 per share.Revenue was $280.57 mi...Reuters
Thu, May 8
Stocks
Acacia Research Corp reports results for the quarter ended March 31 - Earnings Summary
Acacia Research Corp ACTG.OQ reported quarterly adjusted earnings of 25 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 28 cents. The lone analyst forecast for the quarter was for a loss of 6 cents per share. Revenue rose 411...Reuters
Thu, May 8
Commodities
Copper producer Aurubis looks to boost US sales in absence of tariffs
By Bernadette Hogg May 8 (Reuters) - Europe's largest copper producer Aurubis NAFG.DE is looking to increase its sales to the U.S. while there are no import tariffs on the metal, CEO Toralf Haag told analysts on Thursday.Copper was not included in a list of reciprocal tariffs announced by the...Reuters
Thu, May 8
Stocks
Warner Bros Discovery rises on report company moving toward split-up
** Shares of Warner Bros Discovery WBD.O rise 6% to $9.10** WBD is moving towards splitting the company, according to a CNBC report ** Last year, co decided to separate its declining cable TV businesses such as CNN from its streaming and studio operations ** Warner Bros also missed first-quarter rev...Reuters
Thu, May 8
Other
Zurich reveals additional $100 million top layer on group cat reinsurance program
By Rebecca DelaneyMay 8 - (The Insurer) - Zurich has purchased an additional $100 million top layer on its group catastrophe reinsurance protection, as well as purchasing global aggregate protection for lower layers in April, group chief financial officer Claudia Cordioli said on Thursday.Cordioli c...Reuters
Thu, May 8
Other
Carlyle Group Reports Q1 Total Revenue Of $973.1 Million
May 8 (Reuters) - Carlyle Group Inc CG.O:CARLYLE GROUP Q1 TOTAL REVENUE $973.1 MILLION VERSUS IBES ESTIMATE $983.8 MILLIONCARLYLE GROUP TOTAL AUM AT MARCH 31 $453 BILLION VERSUS IBES ESTIMATE $366.61 BILLIONCARLYLE GROUP Q1 POST TAX DISTRIBUTABLE EPS $1.14CARLYLE GROUP Q1 DIVIDEND $0.35 PER SHARECAR...Reuters
Thu, May 8
Economic Indicator
US wholesale inventories revised slightly lower in March
WASHINGTON, May 8 (Reuters) - U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of electrical, lumber, apparel and farm products.Stocks at wholesalers rose 0.4%, revised down from the 0.5% gain estimated last month, the Commerce Departm...Reuters
Thu, May 8
Other
Vertical Aerospace And Honeywell Expand Partnership For Electric Vertical Take-Off And Landing Aircraft VX4
May 8 (Reuters) - Honeywell International Inc HON.O:VERTICAL AEROSPACE : CO AND HONEYWELL EXPAND PARTNERSHIP FOR ELECTRIC VERTICAL TAKE-OFF AND LANDING (EVTOL) AIRCRAFT VX4VERTICAL AEROSPACE : EXPANDED PARTNERSHIP HAS POTENTIAL $1 BILLION CONTRACT VALUE OVER NEXT DECADEVERTICAL AEROSPACE : INTENDS ...Reuters
Thu, May 8
Stocks
Lipocine Inc reports results for the quarter ended March 31 - Earnings Summary
Lipocine Inc LPCN.OQ reported a quarterly adjusted loss of 35 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 66 cents. The lone analyst forecast for the quarter was for a loss of 35 cents per share. Revenue rose 1,132.3% to ...Reuters
Thu, May 8
Stocks
ALX Oncology Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
ALX Oncology Holdings Inc ALXO.OQ reported a quarterly adjusted loss of 58 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -71 cents. The mean expectation of five analysts for the quarter was for a loss of 46 cents per share...Reuters
Thu, May 8
Stocks
Royalty Pharma PLC reports results for the quarter ended March 31 - Earnings Summary
Royalty Pharma PLC RPRX.OQ reported quarterly adjusted earnings of 65 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of five analysts for the quarter was for earnings of $1.59 per share. Wall S...Reuters
Thu, May 8
Stocks
Axon rises after lifting annual revenue forecast
** TASER maker Axon Enterprise's shares AXON.O up 11% at $670** On Wednesday, AXON raised its annual revenue forecast to between $2.60 bln and $2.70 bln, compared with prior range of $2.55 bln to $2.65 bln** J.P.Morgan says it continues to see AXON "well-positioned" despite a choppy macr...Reuters
Thu, May 8
Stocks
Peloton shares slide on bigger-than-expected Q3 loss
By Aishwarya Jain May 8 (Reuters) - Peloton Interactive PTON.O raised its 2025 revenue forecast on Thursday but reported a bigger third-quarter loss than expected as the fitness company struggles to recover from a post-pandemic slump, sending its shares down more than 14% in morning trading. ...Reuters
Thu, May 8
