Oceaneering Secures Vessel Services Agreement With Major Operator
ZACKS· 2025-06-13 12:41
Key Takeaways OII signed a vessel services deal to deploy the Harvey Deep Sea for subsea ops in the Gulf of Mexico. MPSV Harvey Deep Sea is chartered by Oceaneering through February 2027. The Harvey Deep Sea uses advanced remote operations tech to support IMR solutions in the region.Oceaneering International, Inc.’s (OII) Offshore Projects Group (“OPG”) segment has signed a vessel services agreement with a major operator to deploy the MPSV Harvey Deep Sea for performing subsea operations in the Gulf of Me ...
Top 2 Energy Stocks That May Fall Off A Cliff in June
Benzinga· 2025-06-13 12:40
As of June 13, 2025, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzin ...
Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent
Globenewswire· 2025-06-13 12:40
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö's hol ...
Philip Morris International Tech Ecosystem Company Profile 2025: Digital Transformation Strategies and Innovation Programs
GlobeNewswire News Room· 2025-06-13 12:36
Core Insights - Philip Morris International Inc. is transitioning towards becoming a 100% smoke-free products company, with smoke-free products currently accounting for 42% of its overall revenue as of March 31, 2025 [2]. Group 1: Company Overview - Philip Morris International Inc. is a US-based multinational tobacco company that produces cigarettes and a variety of smoke-free products, including e-vapor, heated tobacco, and oral smokeless products [2]. - The company is focusing on developing and commercializing oral and inhaled consumer health and wellness products, as well as inhaled prescription products for cardiovascular emergencies and pain management [3]. Group 2: Technology and Innovation - The report provides insights into Philip Morris' tech activities, including digital transformation strategies, innovation programs, and technology initiatives [1][4]. - Key technology initiatives include partnerships and product launches, with a focus on technology themes, objectives, and benefits [6]. - The company has established a venture arm, PM Equity Partner, to support its technology initiatives [6]. Group 3: Financial Insights - The report includes details of estimated ICT budgets and contracts, providing insights into Philip Morris' tech operations and strategies [6].
Adobe: This Was The Last Reset - Upgrading To A Strong Buy On AI
Seeking Alpha· 2025-06-13 12:35
Core Insights - The article discusses the author's previous coverage of Adobe, where a buy rating was initiated after a stock pullback due to weaker-than-expected guidance for the quarter [1] Group 1: Company Overview - Adobe's stock was initiated with a buy rating following a decline attributed to disappointing guidance [1] Group 2: Analyst Background - The author has over two decades of experience in the technology market, focusing on risk mitigation during various economic events, including the dot-com bubble and the AI boom [1]
Coffee Holding Co., Inc. Reports Second Quarter Results and New Dividend.
Globenewswire· 2025-06-13 12:35
Core Insights - Coffee Holding Co., Inc. reported strong operating results for the fiscal quarter ended April 30, 2025, with a 22% increase in sales and a maintained gross margin of 19% despite challenges with a major wholesale customer [1][3][10] - The company faced significant fluctuations in green coffee prices, with Arabica prices rising by 25% in early February, leading to necessary price increases for their products [4][5] - The acquisition of Empire Coffee Company showed promising results, with a reduction in losses and a return to previous sales levels, indicating a quicker-than-expected turnaround [6] Financial Performance - Earnings per share increased to $0.11 compared to a slight loss in the second quarter of 2024 [10] - Revenues increased by 22% compared to the same quarter in the previous year [10] Market Dynamics - The company navigated a challenging market environment, including a spike in coffee prices and potential tariffs on imports, which initially caused market volatility [4][5] - The company took advantage of lower market prices during a selloff to extend inventory positions, positioning itself favorably against competitors [5] Strategic Initiatives - The company announced the resumption of its annual dividend at 33% of net earnings, reflecting improved free cash flow and working capital [7] - Coffee Holding Co. offers a diverse range of coffee products and has a strong presence in the wholesale coffee market, catering to various consumer preferences [8]
VERSES Announces Conversion of Analog to Genius Enterprise after successful UAE Pilot
Globenewswire· 2025-06-13 12:34
Core Insights - VERSES AI Inc. and Analog are expanding their collaboration on Smart City projects, focusing on energy management, urban robotics, and edge-AI applications following a successful pilot program [1][4] - The Genius platform demonstrated a 32% increase in completed rides during the pilot, indicating significant potential for revenue growth for fleet operators [2][3] - The collaboration aims to integrate Genius into Analog's secure edge infrastructure, enabling real-time decision-making and data control for Smart City applications [4][5] Company Overview - VERSES AI Inc. specializes in cognitive computing and next-generation agentic software systems, with its flagship product, Genius, designed for reliable predictions and decisions under uncertainty [6] - Analog, founded in 2024, focuses on adaptive intelligence and edge computing, aiming to create intelligent systems that enhance human connection and experience [7] Future Prospects - The partnership will explore higher-value Smart City projects, including logistics, autonomous inspection robots, and city-scale sensor fusion, leveraging Genius' capabilities [4][5] - Significant investments are being made in Smart City initiatives, particularly in the Middle East, with expectations for growth in autonomous vehicles, sensors, and energy management systems [5]
Airbus Digital Transformation Strategy Profile 2025: Accelerators, Incubators, and Other Innovation Programs
GlobeNewswire News Room· 2025-06-13 12:33
Dublin, June 13, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Airbus SE - 2025" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into Airbus's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, investments and acquisitions. Airbus SE (Airbus) is one of the world's leading manufacturers of large commercial aircraft, helicopters, drones, manned and unmanned military air syst ...
Why Shares in This Nuclear Power Company Surged Higher This Week
The Motley Fool· 2025-06-13 12:32
Shares in nuclear power company Oklo (OKLO -5.32%) rose by a whopping 28% in the week to Friday morning. The move comes in a busy week for the company, whereby events helped encapsulate the investment case for the stock.What does Oklo doThe company is developing what it describes as "next-generation fast fission power plants," known as Aurora. Its Aurora powerhouse has a few interesting qualities. First, it's based on a fast fission plant (Experimental Breeder Reactor-II) that the U.S. government operated f ...
AEM's Solid FCF Places It on Firm Footing: Can It Fuel Future Growth?
ZACKS· 2025-06-13 12:31
Core Insights - Agnico Eagle Mines Limited (AEM) reported a first-quarter free cash flow of $594 million, a 50% increase from $396 million a year ago, driven by strong gold prices, disciplined capital spending, and robust operational results [2][8] - The company aims to invest in growth initiatives, including underground expansion at Canadian Malartic, Hope Bay, and Detour Lake, while also focusing on debt repayments and shareholder returns [3][4] - AEM returned approximately $920 million to shareholders through dividends and repurchases last year, with $251 million returned in the first quarter of this year [4][8] Financial Performance - AEM's free cash flow before working capital adjustments reached $759 million, nearly double the prior year's amount [2] - The company reduced its net debt by $212 million sequentially, ending the first quarter with a net debt of just $5 million [3][8] - AEM's shares have increased by 56.1% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 49.7% [7] Comparison with Peers - Newmont Corporation (NEM) achieved a record first-quarter free cash flow of $1.2 billion, a significant turnaround from a negative $74 million in the same period last year, although it faces headwinds for the second quarter [5] - Barrick Mining Corporation (B) reported a free cash flow of $375 million for the first quarter, a nearly 12-fold increase year-over-year, driven by higher operating cash flows [6] Valuation and Earnings Estimates - AEM is currently trading at a forward 12-month earnings multiple of 20.18, approximately 50% higher than the industry average of 13.46 [10] - The Zacks Consensus Estimate for AEM's earnings in 2025 and 2026 indicates a year-over-year rise of 42.6% and 0.8%, respectively, with EPS estimates trending higher over the past 60 days [11]