Key Takeaways Chevron plans to cut up to 9,000 jobs globally by 2026, with 200 layoffs set for Texas in July 2025. The cuts aim to streamline operations, speed up execution and improve long-term competitiveness. CVX also faces challenges, including exit from Venezuela and asset disputes tied to its Hess acquisition.Chevron Corporation (CVX) , the U.S. oil and gas giant, has announced that it will let go of nearly 200 workers in Texas as part of the broader plan to reduce the global workforce by up to 20% ...

Key Takeaways UNH missed earnings for the first time in nearly 20 years due to surging Medicare Advantage costs. The new CEO plans operational reforms, cost-control measures and pricing adjustments to regain trust. UNH shares have dropped 39.8% YTD; 2025 earnings are projected to fall 17.3% from the prior year.UnitedHealth Group Incorporated’s (UNH) new CEO, Steve Hemsley, began his return to leadership by issuing a rare apology to investors following the company’s first earnings miss in almost two decade ...

Core Insights - Credo Technology Group Holding Ltd (CRDO) reported strong financial results for fiscal 2025, with adjusted earnings per share (EPS) of 70 cents, a significant increase from 9 cents in fiscal 2024, and revenues of $436.8 million, up 126% year over year [2][11] - The company's fourth-quarter fiscal 2025 adjusted EPS was 35 cents, exceeding the Zacks Consensus Estimate by 29.6%, while revenues surged 179.7% year over year to $170 million, surpassing estimates by 6.27% [1][3] - The stock price jumped approximately 15% in pre-market trading following the announcement of these results [3] Financial Performance - For fiscal 2025, CRDO's revenues were driven by strong demand for high-performance connectivity solutions, particularly from hyperscaler customers supporting advanced AI services [2][11] - In the fourth quarter, product sales increased 303.3% year over year to $164.5 million, while product engineering services fell 60% to $1.3 million, and IP license sales dropped 75% to $4.2 million [3][4] - Non-GAAP gross profit for Q4 was $114.5 million, up from $40.2 million, with a gross margin expansion of 130 basis points to 67.4% [5][8] Expense and Cash Flow - Total non-GAAP operating expenses rose 58.9% year over year to $52 million, with research and development expenses increasing 76.7% to $47.6 million [5][6] - As of May 3, 2025, CRDO had $431.3 million in cash and cash equivalents, with a fourth-quarter cash flow from operating activities of $57.8 million, resulting in a free cash flow of $54.2 million [9] Future Outlook - For Q1 fiscal 2026, CRDO expects revenues between $185 million and $195 million, with a projected non-GAAP gross margin of 64–66% [10] - The company anticipates revenues to exceed $800 million for fiscal 2026, implying over 85% year-over-year growth, driven by strong AI demand [11]

Core Insights - Visa Inc. continues to demonstrate strong financial performance, benefiting from rising cross-border volumes and increased digital payment adoption, supported by resilient consumer spending [1][5] - Year-to-date, Visa's stock has increased by 15.7%, outperforming the broader industry and key competitors [2][8] - Visa's fundamentals remain solid, characterized by stable revenue growth, strong cash flows, and high profitability [5][9] Financial Performance - In fiscal 2024, processed transactions increased by 10%, with a further 10.2% growth in the first half of fiscal 2025 [6] - Payments volume rose by 6.7% in fiscal 2024 and 6.3% in the first half of fiscal 2025, contributing significantly to revenue [6] - Strong operating cash flow increased by 26.4% in the first half of fiscal 2025, allowing for reinvestment in technology and strategic partnerships [9] Growth Opportunities - Emerging markets present significant expansion potential, with payments volume growing by 6.1% in Latin America and 14.2% in CEMEA during the first half of fiscal 2025 [7] - Visa's initiatives in contactless payments, AI integration, and crypto solutions are expected to diversify revenue sources [10] Earnings Outlook - The Zacks Consensus Estimate projects Visa's EPS to rise by 12.9% in fiscal 2025 and 12.6% in fiscal 2026 [8][12] - Revenue growth is anticipated in the high single-digit to low double-digit range for fiscal 2025 [11] Valuation Metrics - Visa's forward P/E ratio stands at 29.67X, higher than its five-year median of 26.92X and the industry average of 23.38X [13] - Compared to competitors, Visa's valuation places it in the middle, with Mastercard at 33.98X and American Express at 18.36X [13] Regulatory Environment - Visa faces potential challenges from rising expenses and regulatory scrutiny, particularly in the U.S. and Europe, which could impact future growth [15][17] - Legal challenges regarding market dominance and fee structures may pose risks to Visa's business model [16][17]

Key Takeaways Trade tensions and modest market gains highlight the growing appeal of value investing strategies. STNE, CNC, CVS and PFE pass key metrics like low P/CF, PEG under 1 and strong Value Scores. Each stock shows earnings resilience, with positive surprises and varied performance over the past year.The second half of 2025 has kicked off on a cautious note. While U.S. stocks opened June in positive territory, geopolitical tensions, particularly between the United States and China, continue to cast ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Overview diagram representing the exchange of identifiers between the web trackers running on the browser context and native android apps controlling and generating persistent IDs using localhost sockets Credit: IMDEA Networks Institute An international research collaboration has recently uncovered a potential privacy abuse invo ...

Core Viewpoint - Victoria's Secret is postponing its quarterly earnings release due to a security breach that disrupted corporate operations and led to the temporary shutdown of its US shopping site for several days [1][6]. Group 1: Security Incident Details - The security incident was first detected on May 24, prompting the company to activate response protocols to contain unauthorized network access [2]. - Corporate systems and the retail website were temporarily shut down on May 26 as a precautionary measure, leading to frustration among shoppers due to the prolonged downtime [2][3]. - The website was restored late Thursday, but the incident is suspected to involve a ransomware cyberattack, reflecting a growing trend of such attacks on retailers [3]. Group 2: Financial Impact and Earnings - Victoria's Secret expects to report $1.35 billion in net sales and an adjusted operating income of $32 million for the first quarter of 2025, exceeding previous guidance [5]. - Analysts had anticipated sales of approximately $1.33 billion, indicating a positive outlook despite the security breach [5]. - The company clarified that the breach did not impact first-quarter results, as the period ended before the disruptions occurred [8][12]. Group 3: Ongoing Assessment and Industry Context - Victoria's Secret is continuing to assess the full scope of the incident, including potential expenses that may affect future finances [9]. - The incident is part of a broader trend, with several retailers, including Marks & Spencer and Adidas, reporting similar cyberattacks that disrupt operations and expose customer data [9][10].

Key Takeaways RTX secured major new missile contracts, including AIM-9X and SM-3 orders in May and June. Raytheon unit posted 2% organic sales growth in Q1 2025 and 10% in Q4 2024. RTX shares rose 27.4% in a year and trade at a forward P/E of 21.86X versus the industry average of 26.51X.Defense contractor, RTX Corporation (RTX) is a prominent forerunner in the missile systems space, with a robust portfolio including the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Toma ...

Limited-edition release crafted for the ultimate medium-bodied cigar pairing is the first in a series of releases to enhance the complexity and enjoyment of cigar occasionsST. LOUIS, June 3, 2025 /PRNewswire/ -- Whiskey and cigars have always been savored together, but never quite like this – Penelope Bourbon elevates the timeless pairing of whiskey and cigars with the debut of Cigar Sessions Chapter 1. Always innovating, the Penelope team struck a match for cigar lovers by crafting the first-of-its-kind ci ...

Core Points - A shareholder class action lawsuit has been filed against Fortrea Holdings, Inc. alleging that the company made materially false and misleading statements regarding its business and financial prospects [1] - The lawsuit claims that Fortrea overestimated revenue contributions from Pre-Spin Projects and overstated cost savings from exiting transition services agreements [1] - As a result of these allegations, Fortrea's previously announced EBITDA targets for 2025 are said to be inflated, raising concerns about the viability of its post-Spin-Off business model [1] Legal Context - Shareholders who purchased Fortrea shares between July 3, 2023, and February 28, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline for shareholders to request to be appointed as lead plaintiff in the case is August 1, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]