Cava Group Analysts Boost Their Forecasts After Upbeat Results
Benzinga· 2025-05-16 15:37
CAVA Group Inc CAVA reported better-than-expected first-quarter financial results on Thursday.Cava’s first-quarter revenue increased 28.2% year-over-year to $331.83 million, beating the consensus estimate of $326.88 million, according to Benzinga Pro. The Mediterranean fast-casual restaurant chain company reported first-quarter adjusted earnings of 22 cents per share, beating analyst estimates of 14 cents per share."In spite of economic uncertainty and challenging weather, CAVA's first quarter results demon ...
Alibaba Has Everything: Growth, Profits, And Value
Seeking Alpha· 2025-05-16 15:37
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BABA, PDD, JD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whet ...
Amazon delivery drones crashed during test flight after removal of rain-proof safety sensor: report
New York Post· 2025-05-16 15:35
Core Insights - Amazon's MK30 delivery drones experienced crashes during a test flight due to a software update that made them susceptible to rain, compounded by the removal of a critical safety sensor [1][3][4] - The National Transportation Safety Board (NTSB) attributed the crashes to faulty lidar readings and an erroneous altitude reading caused by the new software installation [2][3] - Amazon's drone initiative, first introduced in 2013, has faced numerous challenges, including technical issues and regulatory hurdles, delaying the realization of its original vision for rapid package delivery [6][9] Group 1: Incident Details - Two MK30 drones crashed in Oregon on December 16, 2022, after shutting off mid-air at over 200 feet [1][9] - The drones mistakenly believed they had landed, leading to an automatic shutdown of their propellers [2] - The absence of backup "squat switches" contributed to the crashes, as the drones relied solely on sensor input [3][4] Group 2: Company Response and Future Plans - Amazon refuted claims regarding the crashes, stating that the MK30 drone incorporates multiple sensor inputs to prevent future incidents [5][12] - The MK30 drone is designed to be safer and more reliable than its predecessor, the MK27, and complies with Federal Aviation Administration (FAA) standards [5][10] - Despite the setbacks, Amazon plans to expand its drone delivery operations to additional markets, including Kansas City, Dallas, San Antonio, and international locations like the UK and Italy [10][14] Group 3: Technological Changes - The MK30 relies on camera-based computer vision and software redundancy instead of physical fail-safes, reflecting a trend in the industry towards software solutions [13] - The operational method of the MK30 has changed, as it now hovers and drops packages from about 13 feet, reducing the risk of human contact with its propellers [13][14]
Spotify responds to creator backlash at public podcast play counts
TechCrunch· 2025-05-16 15:31
Spotify announced last week that it would roll out public play counts on all podcasts as a way of “helping attract new fans.” But podcasters swiftly responded with criticism of the new feature — mainly, that it would further promote podcasts that already have large audiences while making smaller shows less appealing to new listeners.On Friday, Spotify changed course on its plans, but did not completely eschew the idea. Now, play counts will only appear on shows with at least 50,000 plays each. Instead of sh ...
Nexa Resources Inks Deal to Sell Otavi Project to Midnab Resources
ZACKS· 2025-05-16 15:31
Group 1: Core Transaction Details - Nexa Resources S.A. has signed a deal to sell ten Exclusive Prospecting Licenses (EPL) in Namibia to Midnab Resources, a subsidiary of Midas Minerals Ltd, as part of its portfolio optimization strategy [1][2] - The company will receive $3 million at closing, with an additional contingent payment of up to $7 million based on the achievement of certain development milestones [2] - Nexa will retain royalties on the project's future progress, and the deal is expected to close by December 31, 2025, subject to customary conditions [2][3] Group 2: Financial Performance - In Q1 2025, Nexa Resources reported earnings of 16 cents per share, surpassing the Zacks Consensus Estimate of 9 cents, compared to a loss of 15 cents per share a year ago [4] - The company posted revenues of $627 million for the quarter, missing the Zacks Consensus Estimate of $679 million, but showing a year-over-year improvement of 15.9% [4] Group 3: Stock Performance - Nexa Resources' shares have declined by 27.4% over the past year, while the industry has seen an 8.6% decline [5] Group 4: Strategic Focus - Nexa Resources is prioritizing profitable assets and boosting free cash flow while adhering to a disciplined capital allocation strategy, with a focus on expanding copper exploration in Namibia beyond Latin America [3]
BigBear.ai Stock 65% Below Its 52-Week High: Buy the Dip or Stay Away?
ZACKS· 2025-05-16 15:31
BigBear.ai Holdings, Inc. (BBAI) stock has had a rough ride in 2025, declining 18.2% year to date, underperforming both the Zacks Computers - IT Services industry, which is down 5.2%, and the broader Zacks Computer & Technology sector, which has dipped 1.3%. As a result, BBAI now trades nearly 65% below its 52-week high of $10.36 and hovers close to its 52-week low of $1.17.BBAI YTD Share Price PerformanceImage Source: Zacks Investment ResearchAs a focused artificial intelligence (AI) company, BigBear.ai of ...
Kraft Heinz & Uber Eats Team Up to Roll Out HEINZ Verified Program
ZACKS· 2025-05-16 15:31
The Kraft Heinz Company (KHC) is partnering with Uber Eats to spotlight restaurants that serve HEINZ products through a newly launched program, HEINZ Verified. Debuting in Chicago, Dallas, Denver, Los Angeles, Miami and Pittsburgh, the program helps consumers easily find restaurants offering the unmistakable taste of HEINZ Ketchup, favored by more than 84% of diners.KHC’s Exclusive Offers for Uber Eats UsersFor a limited time, Uber Eats users can get $5 off on orders of $30 or more from HEINZ Verified resta ...
Carlisle to Acquire Bonded Logic & Strengthen Product Portfolio
ZACKS· 2025-05-16 15:31
Carlisle Companies Incorporated (CSL) recently announced that it has signed a definitive deal to acquire certain assets of Bonded Logic, Inc. and Phoenix Fibers, LLC (Bonded Logic). The latest deal is a testimony to CSL’s intention of becoming a pure-play building products company. The financial terms of the agreement have been kept under wraps.Based in Chandler, AZ, Bonded Logic is primarily engaged in manufacturing sustainable thermal and acoustical insulation products.Acquisition RationaleThe acquisition ...
AMD Rises 31% in One Month: Should You Buy, Hold or Sell the Stock?
ZACKS· 2025-05-16 15:31
Advanced Micro Devices (AMD) shares have soared 31.4% in the past month, outperforming the Zacks Computer and Technology sector’s increase of 19.4% and the Zacks Computer – Integrated Systems industry’s growth of 22.5%.The outperformance can be attributed to AMD’s expanding portfolio, accretive acquisitions and rich partner base. The strong adoption of fifth-gen EPYC Turin processors and expanding Instinct AI accelerator deployments across hyperscalers and enterprises have also been major growth drivers for ...
Nu Holdings Q1: Bullish On The Business, Cautious On The Stock (Rating Downgrade)
Seeking Alpha· 2025-05-16 15:30
For the past few years, I had been defending the bullish thesis on Nu Holdings ( NU ) that it was a stock to own rather than trade, based on its rapid expansion of clients, veryAs a researcher and operations manager at DM Martins Research, I leverage my deep understanding of global markets to provide valuable and actionable insights. Previously, I contributed to TheStreet and currently write for platforms such as TipRanks and GuruFocus. At Seeking Alpha, my focus is on delivering in-depth analysis of foreig ...