OLD GREENWICH, Conn., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON) ("Hudson Global" or "the Company"), a leading global total talent solutions company, announced today financial results for the second quarter ended June 30, 2024. 2024 Second Quarter Summary Revenue of $35.7 million decreased 20.5% from the second quarter of 2023 and 19.9% in constant currency. Adjusted net revenue of $17.6 million decreased 22.0% from the second quarter of 2023 and 21.7% in constant currency. Net los ...

Group 1: Investment Opportunities - The article emphasizes that cheap stocks can present significant investment opportunities if the market has mispriced them due to temporary setbacks or unrecognized potential [1][2] - AT&T (T) is highlighted as a stock trading under $20, with a 13% increase in 2024 and a 34% rise over the past year, outperforming the S&P 500 [4][5] - Nu Holdings (NU), a Brazilian fintech, has seen a 66% increase in customers over two years, reaching over 100 million, but its stock has recently fallen 21% from its high [7][8][9] - Hudson Technologies (HDSN) is positioned to benefit from the American Innovation and Manufacturing (AIM) Act, which phases out virgin hydrofluorocarbons, giving it a 35% market share in the reclaimed refrigerant industry [10][11] - Kenvue (KVUE), spun off from Johnson & Johnson, reported $15.4 billion in sales in 2023, with a 2% growth in 2024, and is expected to provide more clarity post-spinoff [12][14] - Kinross Gold (KGC) has seen a 39% increase in 2024 and a 78% rise over the past year, benefiting from rising gold prices [15][16] - Teva Pharmaceuticals (TEVA) reported a 7% increase in total sales to $4.2 billion in Q2, driven by generics, and its stock is up 60% in 2024 [22][24] Group 2: Company Challenges and Market Dynamics - Warner Bros Discovery (WBD) has faced a 31% decline YTD and a 70% drop since its spinoff, primarily due to debt burdens [18][20] - The potential breakup of Warner Bros' movie studio and streaming service could create a more attractive investment opportunity [21] - Nu Holdings is experiencing a stock decline despite profitability, with net income more than doubling to $378.8 million in Q1 [9][8] - Hudson Technologies' stock is down 44% YTD, indicating market hesitance despite future growth potential [12] - Kenvue's adjusted earnings were impacted by an impairment charge, contributing to a 24% decline in stock over the last year [14]

Company Performance - Hudson Technologies reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.26 per share, and down from $0.41 per share a year ago, representing an earnings surprise of -23.08% [1] - The company posted revenues of $75.28 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.26%, and down from $90.47 million year-over-year [2] - Over the last four quarters, Hudson Technologies has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Hudson Tech shares have lost about 43.7% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The current Zacks Rank for Hudson Tech is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.19 on revenues of $70.79 million, and $0.69 on revenues of $257.5 million for the current fiscal year [7] - The estimate revisions trend for Hudson Tech is currently unfavorable, which may impact future stock performance [6] Industry Context - The Industrial Services industry, to which Hudson Technologies belongs, is currently in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8]

WOODCLIFF LAKE, N.J., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the second quarter and six months ended June 30, 2024. For the quarter ended June 30, 2024, Hudson reported revenues of $75.3 million, a decrease of 17% compared to revenues of $90.5 million in the comparable 2023 period. The decrease is primarily related to decreased selling prices for certain refrigerants, lower revenue from the Company's DLA contract and reduced carbon credit revenue in ...

Small-cap stocks have emerged in 2024 after many years in the wilderness. The Russell 2000 is up nearly 11% in the past month through July 31. While it's hard to know how small-cap stocks with low debt have performed over this period, investors are undoubtedly paying more attention to them. "'I think the narrative has changed,' said Eric Kuby, chief investment officer at North Star Investment Management Corp, which specializes in small-cap stocks. 'I'm hoping … this jump over the last week is really just th ...

Core Viewpoint - Hudson Global, Inc. is set to release its second quarter financial results for the period ending June 30, 2024, on August 8, 2024, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for August 8, 2024, at 10:00 am ET [1] - Dial-in information for the conference call includes a toll-free number and an international number [1] - A simultaneous webcast of the call will be available on the company's investor relations website, with an archived version accessible later [1] Group 2: Company Overview - Hudson Global, Inc. operates as a leading global total talent solutions provider under the brand name Hudson RPO [2] - The company offers customized recruitment outsourcing and total talent solutions to organizations worldwide [2] - Hudson Global employs a consultative approach to develop tailored talent solutions that align with clients' strategic growth initiatives [2]

Brian F. Coleman, President and Chief Executive Officer of Hudson commented, "We are pleased to welcome Brian to Hudson Technologies and believe that with his extensive experience and proven success as a senior level financial executive at both public and private entities, he brings a skillset and expertise ideally suited to his new role at our Company. I look forward to working closely with Brian as we focus on expanding Hudson's leadership role in the cooling and reclamation industry and driving sharehold ...

Brian Bertaux is a seasoned finance executive and previously spent 20 years at Trex, an NYSE-traded company that is the world's largest manufacturer of high performance, low maintenance composite decking and railing. During Mr. Bertaux's tenure at Trex, the company grew annual revenue from $100 million to $900 million, and achieved a market cap of $10 billion. At Trex he served in roles of increasing responsibility, eventually serving as interim President, Trex Commercial Products. Earlier in his time at Tr ...

NEW YORK, NY, July 26, 2024 (GLOBE NEWSWIRE) -- Hudson Acquisition I Corp. (the "Company" or "HUDA") (Nasdaq: HUDA) today announced that it received a delisting notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on July 23, 2024. The Notice informs the Company of its noncompliance with Nasdaq's continued listing requirements. Unless this determination is successfully appealed, the Company's securities will be delisted from the Nasdaq Globa ...

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