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JBL Set to Report Q3 Results: Will Revenue Growth Boost Earnings?
ZACKS· 2025-06-16 14:25
Core Viewpoint - Jabil Inc. (JBL) is expected to report year-over-year revenue growth in Q3 FY25, driven by strong demand in various sectors, including cloud and data center infrastructure, capital equipment, and digital commerce [2][11] Group 1: Financial Performance - Jabil is set to release its third-quarter fiscal 2025 results on June 17, with a consensus revenue estimate of $6.98 billion, indicating an increase from $6.77 billion in the same quarter last year [7] - The consensus estimate for earnings is $2.28, up from $1.89 reported in the prior-year quarter [7] - The company achieved an earnings surprise of 7.18% in the last reported quarter and has a trailing four-quarter earnings surprise average of 4.86% [1] Group 2: Strategic Initiatives - Jabil formed a strategic collaboration with AVL to enhance its capabilities in developing next-generation vehicle technology, which is expected to improve its commercial prospects in the automotive and transportation industry [3] - The company expanded its photonics product portfolio by launching new transceivers capable of transferring data at speeds of up to 1.6 Terabits per second, targeting the demands of AI/machine learning workloads and high-performance computing [4] - Jabil's Badger Technologies division introduced the Digital Teammate solution platform, utilizing AI and robotics to enhance employee productivity and inventory management [5] Group 3: Segment Performance - The Zacks Consensus Estimate for the Regulated Industries segment is $2.98 billion, while revenues from the Intelligent Infrastructure segment are estimated at $2.79 billion, and net sales from Connected Living and Digital Commerce are projected to reach $1.19 billion [6]
Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters’ Option for Gross Proceeds of $23,003,105
Globenewswire· 2025-06-16 14:24
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Further to its news releases dated May 29, 2025, June 2, 2025, and June 9, 2025, Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the “Company” or “Goliath”) is pleased to announce that it has closed its “bought deal” private placement of 7,256,500 common shares of the Company (the ...
Mag Mile Capital Secures $10.25 Million in Joint Venture Equity for Chicago Office-to-Multifamily Conversion Project
Globenewswire· 2025-06-16 14:24
Figure: 1 Mag Mile Capital Secures $10.25 Million in Joint Venture Equity for Chicago Office-to-Multifamily Conversion Project Chicago, Illinois, June 16, 2025 (GLOBE NEWSWIRE) -- Mag Mile Capital, Inc. (OTCQB: MMCP) ("Mag Mile", or the "Company") is pleased to announce the successful arrangement of $10.25 million in joint venture equity on behalf of the development team executing an innovative Class A office-to-multifamily conversion project at 111 W. Illinois in the River North neighborhood of Chicago ...
Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters' Option for Gross Proceeds of $23,003,105
GlobeNewswire News Room· 2025-06-16 14:24
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Further to its news releases dated May 29, 2025, June 2, 2025, and June 9, 2025, Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the “Company” or “Goliath”) is pleased to announce that it has closed its “bought deal” private placement of 7,256,500 common shares of the Company (the ...
Intel to cut manufacturing jobs in July as CEO Tan reshapes strategy
Proactiveinvestors NA· 2025-06-16 14:23
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
SoundHound's AI Growth Story Is Just Getting Started
MarketBeat· 2025-06-16 14:22
Core Viewpoint - The technology sector, particularly in artificial intelligence, presents significant investment opportunities, with SoundHound AI Holdings Inc. identified as a potential growth stock despite its current low market capitalization [1][5]. Company Overview - SoundHound AI has a market capitalization of $3.8 billion, which may lead some investors to overlook its potential for rapid growth [5]. - The company generated $29.1 million in revenues in Q1 2025, reflecting over 100% growth compared to $11.5 million in the same quarter last year, indicating strong adoption rates and a growing client base [10]. Investment Potential - SoundHound AI's stock is currently priced at $9.65, with a price target of $10.50, suggesting an 8.31% upside based on analyst ratings [2][11]. - The stock trades at only 36% of its 52-week high, presenting a favorable risk-to-reward ratio for potential buyers [12]. - The Vanguard Group has invested $284.7 million in SoundHound, representing 8.8% ownership, which may enhance the company's access to capital and resources for scaling [6][7]. Client Base and Market Position - High-profile clients such as Qualcomm, Oracle, and Chipotle are part of SoundHound's portfolio, which is expected to contribute positively to its future financial performance [8][9]. - The company's subscription-based revenue model provides predictability and stability, making it an attractive option during volatile market conditions [11]. Analyst Ratings - Analysts have a Moderate Buy rating on SoundHound AI, with some projecting a potential price increase to $18 per share, indicating a possible 98% upside [13][16].
No Interest Rate Cuts for Now: Time to Reassess Your BAC Investment?
ZACKS· 2025-06-16 14:21
Key Takeaways BAC expects net interest income to rise every quarter in 2025, reaching up to $15.7B in Q4. Higher loan demand, solid deposits and cautious Fed policy support BAC's NII growth outlook. Investment banking fees may fall over 20% in Q2 amid tariff-driven deal-making slowdown.Bank of America (BAC) is one of the most interest rate-sensitive among big banks. So, when the Federal Reserve lowered the interest rates by 100 basis points last year, the company’s net interest income (NII) benefited from ...
Schwab's Total Client Assets Rise Y/Y in May, Stock Down 1.3%
ZACKS· 2025-06-16 14:16
Key Takeaways Schwab's total client assets rose 12.4% y/y in May to $10.35T, with advisory assets reaching $5.24T. Core net new assets jumped to $35B in May from $2.7B in April. The metric increased 12.5% y/y. 336K new brokerage accounts opened in May, up 7% y/y but down 23.5% from the prior month.Shares of Charles Schwab (SCHW) declined 1.3% following the release of its monthly activity report for May 2025. The company’s total client assets were $10.35 trillion, up 12.4% from May 2024 and 4.6% from April ...
Applied Digital's Cloud Services Business Divestment Looks Promising
ZACKS· 2025-06-16 14:16
Key Takeaways APLD is divesting its cloud business to focus on becoming a pure-play data center REIT. The cloud unit conflicted with APLD's hyperscale clients and dragged Q4 revenues down to $52.9M. Large HPC leasing deals, including $7B from CoreWeave, highlight APLD's infrastructure demand.Applied Digital (APLD) announced its plan to sell its cloud services division — about one-third of its FY2025 revenues — in April to sharpen its focus on becoming a pure-play data center REIT. This pivot reflects stra ...
4 Resilient Consumer Product Stocks to Monitor in a Challenging Market
ZACKS· 2025-06-16 14:16
Companies within the Zacks Consumer Products – Staples industry are navigating a challenging consumer environment. Elevated living costs are putting pressure on household budgets, leading to cautious consumer spending and affecting industry-wide sales. At the same time, many consumer goods companies are dealing with rising raw material prices and increased selling, general and administrative (SG&A) expenses.However, demand for essential consumer products remains strong. Industry leaders like Colgate-Palmoli ...