U.S. Steel Projects Strong Q3 Despite Tubular and European Headwinds
ZACKS· 2024-09-21 04:06
United States Steel Corporation (X) issued its guidance for third-quarter 2024. The company expects adjusted net earnings per share to be in the range of 44-48 cents and adjusted EBITDA to be $300 million.X’s Performance Outlook for Q3For the third quarter, the Flat-Rolled segment's adjusted EBITDA is expected to be down sequentially due to lower selling prices. However, U.S. Steel’s diverse commercial portfolio and operational efficiency are expected to help offset some of this impact.The Mini Mill segment ...
Post-Fed Rate Cut: Buy, Hold, or Sell NVIDIA Stock?
ZACKS· 2024-09-21 04:06
NVIDIA Corporation (NVDA) has crushed bubble fears and has seen a meteoric rise in the past few years amid the advent of artificial intelligence (AI). CEO Jensen Huang, however, believes NVIDIA’s growth story is just beginning, while the Federal Reserve’s recent jumbo interest rate cuts should help the company access cheaper capital. So, is this the most opportune moment to place bets on the stock? Let’s take a closer look. Why a Rate Cut Will Boost NVIDIA StockIn Wednesday’s concluded policy meeting, the F ...
iBio Reports Fiscal Year 2024 Financial Results and Provides Corporate Update
GlobeNewswire News Room· 2024-09-21 04:05
SAN DIEGO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- iBio, Inc. (NYSEA:IBIO), an AI-driven innovator of precision antibody immunotherapies, today announced its financial results for the fiscal year ended June 30, 2024, and provided a corporate update. “Our fiscal year 2024 was a transformational year for iBio, as we’ve solidified our business and financial position as a next-generation antibody company with a machine-learning-enabled platform for designing and developing difficult-to-drug therapeutics,” said CEO a ...
Middlesex Water Vice President G. Christian Andreasen to Participate in Upcoming Gabelli Funds PFAS Symposium
GlobeNewswire News Room· 2024-09-21 04:05
ISELIN, N.J., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Vice President of Enterprise Engineering, G. Christian Andreasen, Jr. P.E. will be speaking at the Second Annual Gabelli Funds PFAS Symposium on Thursday, September 26 at 2:30 pm (ET) at the Harvard Club in New York City. The event will bring together leading experts, policy makers and industry executives to discuss critical issues related to PFAS (Per- and Polyfluoroalkyl substances) a group of che ...
Mondelēz International to Acquire Evirth, a China Leader in Fast-Growing Cakes and Pastries
GlobeNewswire News Room· 2024-09-21 04:05
Significantly expands Mondelēz investment in a China category leader for frozen-to-chilled cakes and pastriesMeets rising demand for fresh, premium offerings – especially among younger consumers in top-tier citiesBuilds upon existing strategic partnership to launch new Oreo and Philadelphia branded product innovations and expand distribution CHICAGO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that it has signed an agreement to acquire a significant majorit ...
Cracker Barrel Q4 Earnings & Revenues Lag, Stock Down
ZACKS· 2024-09-21 04:01
Cracker Barrel Old Country Store, Inc. (CBRL) posted fourth-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The company’s earnings also declined year over year. Following the results, the company’s shares lost 1.1% on Thursday.Cracker Barrel is facing several challenges due to broader economic conditions. Persistent inflation, weak consumer confidence and rising interest rates are likely to adversely impact customer spending habits.Earnings & Revenues of CBRLIn ...
Don't Overlook These 3 Energy Stocks With Stellar EPS Growth
ZACKS· 2024-09-21 04:01
We know that Oil – Energy stocks can take a sudden turn for the good (or bad), making stock picking a risky game. Let’s look at three stocks — TechipFMC plc (FTI) , Murphy USA (MUSA) and Sunoco LP (SUN) — with substantial EPS growth over the last few years, which investors may want to consider at the current levels.TechipFMC: While many energy companies are struggling with volatility in energy prices in the current market environment, TechipFMC is at the top of the list of stocks to have reached “Buy” terri ...
GM recalling 450,000 trucks, SUVs over brake warning
Fox Business· 2024-09-21 04:01
General Motors issued a recall that includes nearly 450,000 trucks and SUVs with a potentially faulty brake fluid warning light.  The recall includes some 2023 Chevrolet Silverado 1500, GMC Sierra 1500, 2023 and 2024 Chevrolet Tahoe, Suburban, GMC Yukon, Yukon XL, Cadillac Escalade and Escalade ESV models.Recalled Vehicles  Some 2023 Chevrolet Silverado 1500GMC Sierra 1500, 2023 and 2024 Chevrolet Tahoe, Suburban GMC Yukon, Yukon XL Cadillac Escalade and Escalade ESV modelsThe electronic brake control modul ...
Sutro Biopharma Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
GlobeNewswire News Room· 2024-09-21 04:01
SOUTH SAN FRANCISCO, Calif., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Sutro Biopharma, Inc. (Sutro or the Company) (NASDAQ: STRO), a clinical-stage oncology company pioneering site-specific and novel-format antibody-drug conjugates (ADCs), today announced that on September 16, 2024, the Compensation Committee of Sutro’s Board of Directors granted 60,000 restricted stock units (RSUs) of Sutro common stock to a new employee. The grant was made as an inducement material to the employee’s acceptance of employment wit ...
Churchill Downs Incorporated 2024 Third Quarter Financial Results Conference Call Invitation
GlobeNewswire News Room· 2024-09-21 04:01
LOUISVILLE, Ky., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024, and host a related conference call to discuss the quarter on Thursday, October 24, 2024, at 9 a.m. ET. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or b ...