Sliding sales, impairment charges push Hain Celestial to Q2 loss
Yahoo Finance· 2026-02-09 13:21
Hain Celestial today (9 February) booked widening second-quarter losses amid falling sales and the recording of impairment charges in the US and the UK. The Celestial Seasonings tea and Earth's Best baby food owner posted a net loss of $116m for the three months to the end of December. A year earlier, the US-based group ran up a quarterly loss of $104m. Second-quarter net sales dropped 7% to $384.1m amid a 7% decline in organic sales. In North America, Hain Celestial’s organic net sales fell 10%. The c ...
Edgewell Personal Care (EPC) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2026-02-09 13:20
Core Insights - Edgewell Personal Care (EPC) reported a quarterly loss of $0.16 per share, which was better than the Zacks Consensus Estimate of a loss of $0.18, representing an earnings surprise of +11.11% [1] - The company posted revenues of $422.8 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 12.15% and down from $478.4 million year-over-year [2] - The stock has increased by approximately 21.7% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $588.06 million, while for the current fiscal year, the estimate is $2.33 on revenues of $2.26 billion [7] - The estimate revisions trend for Edgewell Personal was unfavorable prior to the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Consumer Products - Staples industry, to which Edgewell belongs, is currently in the bottom 30% of the Zacks Industry Rank, suggesting that stocks in this category may underperform compared to those in the top 50% [8]
Here’s What Hurt Builders FirstSource (BLDR) in Q4
Yahoo Finance· 2026-02-09 13:20
Core Insights - Pelican Bay Capital Management (PBCM) reported a strong performance for its Concentrated Value Strategy, achieving an 8.5% return in Q4 2025, outperforming the Russell 1000 Value Index which returned 3.8% [1] - The full-year return for the Strategy was 20.6%, compared to 15.9% for the Index, driven by AI-related stocks and commodities exposure [1] Company Performance - Builders FirstSource, Inc. (NYSE:BLDR) was highlighted as an underperformer in PBCM's Q4 2025 investor letter, with a one-month return of 0.27% and a 52-week loss of 20.10% [2][3] - As of February 6, 2026, Builders FirstSource, Inc. had a stock price of $124.42 and a market capitalization of $13.758 billion [2] Market Sentiment - Elevated mortgage rates and a slowdown in new home sales negatively impacted investor sentiment towards homebuilding companies, including Builders FirstSource and Toll Brothers, which were among the bottom five detractors for PBCM [3] - Despite current challenges, PBCM remains bullish on the long-term prospects for the homebuilding sector, citing a housing shortage and significant discounts to intrinsic values as positive indicators [3] Hedge Fund Interest - Builders FirstSource, Inc. was held by 72 hedge fund portfolios at the end of Q3 2025, a slight decrease from 74 in the previous quarter, indicating a stable but cautious interest among hedge funds [4] - PBCM suggests that while Builders FirstSource has potential, certain AI stocks may offer greater upside potential with less downside risk [4]
Elon Musk Says You Don’t Need To Worry About Saving for Retirement
Yahoo Finance· 2026-02-09 13:20
Group 1: AI and Future Workforce - Elon Musk predicts that AI will become so advanced that saving for retirement will become irrelevant, suggesting a complete transformation of the workforce by 2030 [1] - Musk believes that by 2030, AI will exceed the intelligence of all humans combined, leading to significant changes in employment and economic structures [1] Group 2: Cost of Goods and Services - Musk claims that the future will see "tens of billions of robots" providing goods and services at nearly no cost, which he views as a revolutionary change [2] - However, finance experts express skepticism about the feasibility of this vision, arguing that while automation may lower costs in some areas, it will not necessarily make essential services like healthcare free [3][4] Group 3: Access and Economic Stability - Experts highlight that even if services become cheaper, access to these services will still depend on various factors, including technology control and distribution [3] - The notion that everything will be free overlooks critical issues such as access and the stability of government policies [3] Group 4: Importance of Retirement Planning - Financial advisors emphasize that despite advancements in technology, traditional retirement planning remains crucial, as technology alone will not resolve issues like housing and healthcare costs [4][5] - Saving for retirement is framed as a realistic approach to ensure financial security, rather than a pessimistic view against technological progress [5][6]
UBS Lifts Applied Materials, Inc. (AMAT) Target, Reiterates Buy
Yahoo Finance· 2026-02-09 13:20
Group 1 - UBS analyst Timothy Arcuri raised the price target for Applied Materials, Inc. (NASDAQ:AMAT) to $405 from $285, maintaining a Buy rating on the stock [2][8] - The shares of Applied Materials have increased nearly 80% over the past year, attributed to the company's steady growth profile and the long-term nature of chip fabrication projects [3] - Applied Materials is positioned to benefit from the growing semiconductor manufacturing industry, driven by demand from network-connected industrial equipment, electric vehicles, and artificial intelligence [4] Group 2 - The company provides materials engineering solutions across the semiconductor and display markets, offering a combination of equipment, services, and software to technology manufacturers globally [5] - Applied Materials consistently delivers strong operating margins and returns all free cash flow to shareholders through dividends and share buybacks, highlighting its profitability [4]
Public sector banks post 18% growth in profit to record ₹52,603 cr in Q3
The Hindu· 2026-02-09 13:20
Led by the country's biggest lender, State Bank of India (SBI), public sector banks logged a record cumulative profit of ₹52,603 crore in the third quarter of the current fiscal, reflecting an 18% year-on-year growth.All 12 public sector banks (PSBs) together made a profit of ₹44,473 crore in the December quarter of FY25. Thus, the increase in profit in absolute terms was ₹8,130 crore as compared to the same quarter of the previous financial year.Market leader SBI alone contributed 40% to the total earnings ...
SeaStar Medical Announces Publication in Pediatric Nephrology of Positive Real-World Experience for QUELIMMUNE™ (SCD-PED) Therapy in Pediatric Acute Kidney Injury (AKI)
Globenewswire· 2026-02-09 13:20
Core Insights - SeaStar Medical Holding Corporation announced the publication of early post-approval clinical experience of the QUELIMMUNE therapy in Pediatric Nephrology, demonstrating strong survival data and a favorable safety profile [2][3][4] Group 1: Clinical Data and Outcomes - The QUELIMMUNE therapy showed a 76% survival rate at Day 28 and Day 60, and a 71% survival rate at Day 90 among the first 21 pediatric patients with Acute Kidney Injury (AKI) and sepsis [4] - The therapy is associated with a 50% reduction in patient mortality at 60 days compared to historical data, consistent with results from prior clinical trials [4][10] - Among patients treated with QUELIMMUNE and extracorporeal membrane oxygenation (ECMO), a 60% survival rate was observed at Day 90 [5] Group 2: Safety Profile - No device-related adverse events or infections were reported in the initial patient cohort, indicating a favorable safety profile for the QUELIMMUNE therapy [4][6] - The absence of immunosuppressive effects further supports the therapy's safety in critically ill pediatric patients [4] Group 3: Regulatory and Research Framework - The SAVE Registry, a post-approval surveillance registry, is designed to collect additional safety and clinical effectiveness data for QUELIMMUNE therapy, initially requiring the enrollment of 300 patients, later reduced to 50 after discussions with the FDA [6][9] - The QUELIMMUNE therapy was approved under a Humanitarian Device Exemption, necessitating participation in the SAVE Registry for real-world data collection [9][14] Group 4: Broader Implications and Adoption - The QUELIMMUNE therapy has been adopted by several nationally recognized children's medical centers in the U.S., indicating growing acceptance and potential for broader application [7] - The therapy aims to address the urgent need for effective treatments for critically ill pediatric patients facing life-threatening conditions due to AKI and sepsis [13][14]
ParaZero to Showcase DefendAir Counter-Drone Systems at Enforce Tac 2026 – Germany's Leading Security & Defence Trade Fair
Globenewswire· 2026-02-09 13:20
Core Insights - ParaZero Technologies Ltd. is participating in Enforce Tac 2026, a leading trade fair for security and defense in Germany, showcasing its counter-drone technology [1][2] - The company's DefendAir system has achieved 100% interception success in field trials, making it a reliable solution for neutralizing hostile drones [3] - ParaZero aims to strengthen its presence in the European market amid rising drone threats, leveraging strategic partnerships and showcasing its technology to key decision-makers [4][5] Company Overview - ParaZero is an aerospace defense company focused on smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, founded in 2014 [7][8] - The product portfolio includes SafeAir, an autonomous parachute recovery system, DefendAir, a counter-UAS platform, and DropAir, a precision aerial delivery system [8] Market Context - Europe is facing increasing hybrid threats, including drone incursions over critical infrastructure, prompting a need for advanced counter-drone solutions [4] - ParaZero has secured strategic reseller agreements and initial orders for DefendAir from key NATO countries in Western Europe, indicating strong market interest [5]
SeaStar Medical Announces Publication in Pediatric Nephrology of Positive Real-World Experience for QUELIMMUNE™ (SCD-PED) Therapy in Pediatric Acute Kidney Injury (AKI)
Globenewswire· 2026-02-09 13:20
Core Insights - SeaStar Medical Holding Corporation announced positive early post-approval clinical experience for QUELIMMUNE therapy, showing strong survival rates in pediatric patients with Acute Kidney Injury (AKI) and sepsis [1][2][3] Group 1: Clinical Data and Outcomes - The SAVE Registry reported a 76% survival rate at Day 28 and Day 60, and a 71% survival rate at Day 90 for pediatric patients treated with QUELIMMUNE therapy [3] - No device-related adverse events or infections were observed in the first 21 patients, indicating a favorable safety profile [3][5] - Among patients treated with QUELIMMUNE and requiring extracorporeal membrane oxygenation (ECMO), a 60% survival rate was noted at Day 90 [4] Group 2: Regulatory and Adoption Insights - The FDA initially required 300 patients for the SAVE Registry but reduced the target to 50 after reviewing data from the first 21 patients [5] - QUELIMMUNE therapy has been adopted by several top-rated children's medical centers across the United States [6] Group 3: Company Background and Product Information - SeaStar Medical focuses on transforming treatments for critically ill patients facing organ failure, with QUELIMMUNE being its first commercial product approved in 2024 [12][13] - The Selective Cytopheretic Device (SCD) therapy aims to neutralize overactive immune cells and mitigate destructive hyperinflammation, with potential applications in various acute and chronic conditions [11]
Falcon Energy Materials Plc Announces Private Placement of C$25 Million to Accelerate Project Development
Thenewswire· 2026-02-09 13:20
Core Viewpoint - Falcon Energy Materials plc has announced a non-brokered private placement to raise gross proceeds of C$25,000,000, indicating strong shareholder confidence and support for the company's strategic direction and future projects [1][3]. Private Placement Details - The company will issue up to 41,666,667 units at a price of C$0.60 per unit, with each unit consisting of one ordinary share and one non-transferable share purchase warrant [2]. - Each warrant allows the holder to purchase an additional share at a price of C$0.75 for a period of 36 months from the closing date [2]. - Proceeds from the private placement will be allocated to the development of the Morocco Anode Plant and general working capital [3]. Shareholder Support - The private placement is backed by the company's largest shareholders, reflecting confidence in Falcon's strategy and long-term prospects [3]. - The company is also welcoming new high-profile shareholders with strong business relationships globally, which may enhance its market position [3]. Regulatory and Insider Participation - The private placement is subject to standard regulatory approvals, including those from the TSX Venture Exchange [3]. - Insider participation in the private placement is expected, although the extent has not yet been determined [4]. Company Overview - Falcon Energy Materials aims to be a leading provider of natural Coated Spheronized Purified Graphite, essential for energy storage solutions [6]. - The company is developing a state-of-the-art production facility in Morocco with a capacity of 25,000 tons per annum [6]. - Falcon has strategic partnerships with leading Chinese technology firms and Tier One Moroccan partners, enhancing its technological capabilities and access to quality raw materials [7].