The financial advisory firm's quarterly results significantly surpassed expectations.Houlihan Lokey (HLI -2.31%), an independent financial advisory services firm, announced its fiscal 2025 third-quarter results after the close of trading on Jan. 28. The firm exceeded expectations with an adjusted EPS of $1.64, topping the $1.52 forecast and well above the prior-year period's $1.22. Revenues rose 24% year over year to $634 million, outpacing the $604 million expected. Overall, Houlihan Lokey delivered a stro ...

The fourth-quarter earnings season is underway, and the so-called “Magnificent 7" companies are in focus. The “Mag 7,” the stock market darlings, have soared on the AI craze. The seven stocks are Apple (AAPL) , Microsoft (MSFT) , Alphabet (GOOGL) , Amazon (AMZN) , NVIDIA (NVDA) , Tesla (TSLA) and Meta Platforms (META) . Among the seven, Tesla, Microsoft and Meta Platform will be the first to report, with their releases scheduled after market close today. Apple is scheduled to report on Jan. 30, followed by ...

Nuclear energy is emerging as a critical solution due to a surge in global energy demand and the push for cleaner alternatives. While solar, wind and hydrogen have merits, they struggle to fully replace fossil fuels due to scalability challenges. Nuclear power, on the other hand, offers a reliable, high-capacity solution that could bridge the supply-demand gap and drive the transition to a greener future.This growing importance of nuclear energy has also made it an attractive theme for investors seeking lon ...

Progressive (PGR) came out with quarterly earnings of $4.08 per share, beating the Zacks Consensus Estimate of $3.43 per share. This compares to earnings of $2.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.95%. A quarter ago, it was expected that this insurer would post earnings of $3.40 per share when it actually produced earnings of $3.58, delivering a surprise of 5.29%.Over the last four quarters, the company has su ...

Corning reported better-than-expected results driven by its Optical Communications segment, but challenges remain in its Environmental Technologies business.Corning (GLW -2.10%), a leader in specialty glass and ceramics, announced its fourth-quarter results for 2024 on Jan. 29. Highlights included earnings per share (EPS) of $0.57, beating expectations by $0.01, and revenue of $3.87 billion, surpassing estimates of $3.76 billion. While it exceeded both management and analysts' expectations, challenges exist ...

MSCI exceeded earnings expectations but fell slightly short on revenue in its latest quarterly release.MSCI (MSCI -4.79%), a leader in investment decision support tools, released mixed fourth-quarter earnings on Wednesday, Jan. 29. Adjusted EPS of $4.18 came in ahead of analysts' consensus projections of $3.96. However, revenue for the quarter came in slightly under the anticipated $745 million at $743.5 million, revealing variability in its revenue streams. The quarter showed solid earnings amidst lower ne ...

Corning Incorporated (GLW) reported solid fourth-quarter 2024 results, wherein adjusted earnings and revenues surpassed the respective Zacks Consensus Estimate. The advanced glass substrates producer witnessed revenue expansion year over year, driven by healthy sales across all segments except Environmental Technologies.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The growing adoption of new optical connectivity products for GenAI (generative artificial intelligence) is a tailwind. ...

Shares of Akero Therapeutics (AKRO) skyrocketed 105.7% in a week after the company announced initial positive top line 96-week data from a mid-stage study of its lead product candidate, efruxifermin (EFX), for liver disease. The phase IIb SYMMETRY study evaluated two doses of EFX (28mg and 50mg) compared with a placebo in patients with biopsy-confirmed compensated cirrhosis (F4), Child-Pugh Class A, due to metabolic dysfunction-associated steatohepatitis (MASH).Per the data readout, in patients with both ba ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Novo Nordisk To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Novo Nordisk between November 2, 2022 and December 19, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIR ...

Forget the hype behind AI stocks like Nvidia ( NVDA ) and Palantir ( PLTR ): One of the fiercest rallies over the past year has been that in Reddit, Inc. (NYSE: RDDT ), the social media company. RDDTWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He ...