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AST SpaceMobile Stock Downgraded, Rocket Lab Prepares Electron Launch: Space Stock Countdown
Benzinga· 2025-06-23 15:40
Group 1: AST SpaceMobile Inc. (ASTS) - AST SpaceMobile shares were downgraded by Scotiabank analyst Andres Coello from Sector Outperform to Sector Perform with a price target of $45.40 [1] - The stock has experienced a significant rise of over 90% in the past month and is set to join the Russell 1000 Index on June 27 [2] Group 2: Rocket Lab Corp. (RKLB) - Rocket Lab announced two new Electron missions for a confidential commercial customer, with the first launch scheduled for Tuesday [2] - The stock has increased by more than 23% over the past five days, continuing its upward trend [2] Group 3: Voyager Technologies, Inc. (VOYG) - Voyager Technologies shares have declined by 20% since its IPO on June 11, starting at $69.75 per share and trading at $44.73 on Monday [3] Group 4: Lockheed Martin Corp. (LMT) - Lockheed Martin shares are trending higher due to increased geopolitical tensions following U.S. attacks on Iranian targets [3] - The company proposed an air-defense system to British government officials, aligning with President Donald Trump's Golden Dome initiative [4]
Kroger's Q1 Earnings Beat Estimates, E-commerce Sales Rise 15% Y/Y
ZACKS· 2025-06-23 15:40
Core Insights - Kroger Co. reported mixed results for Q1 fiscal 2025, with revenues falling short of estimates and declining year over year, while earnings exceeded expectations and improved from the previous year [1][3] - Strong underlying performance was driven by solid sales in pharmacy, e-commerce, and fresh categories, leading management to raise its identical sales without fuel growth outlook [1][8] Financial Performance - Adjusted earnings were $1.49 per share, beating the Zacks Consensus Estimate of $1.45 and improving from $1.43 in the prior year [3][8] - Total sales were $45,118 million, down from $45,269 million year over year and below the Zacks Consensus Estimate of $45,383 million [3][4] - Excluding fuel and Kroger Specialty Pharmacy, total sales rose 3.7% year over year, with identical sales without fuel increasing by 3.2% [4] Margin and Cost Analysis - Gross margin expanded by 100 basis points to 23%, driven by the divestiture of Kroger Specialty Pharmacy, reduced shrink, and lower supply-chain expenses [5] - The Operating, General and Administrative rate increased by 63 basis points, attributed to the sale of Kroger Specialty Pharmacy and contributions to a multi-employer pension plan [6] Balance Sheet and Guidance - Kroger ended the quarter with cash of $340 million, total debt of $17,945 million, and shareholders' equity of $8,908 million [7] - The company reaffirmed its fiscal 2025 capital expenditure outlook of $3.6 billion to $3.8 billion and maintained adjusted free cash flow guidance of $2.8 billion to $3 billion [7] Future Outlook - For fiscal 2025, Kroger now expects identical sales without fuel to increase between 2.25% and 3.25%, up from the previous range of 2%-3% [8] - Adjusted earnings guidance remains between $4.60 and $4.80 per share, compared to $4.47 in fiscal 2024 [8]
Lilly declares third-quarter 2025 dividend
Prnewswire· 2025-06-23 15:37
INDIANAPOLIS, June 23, 2025 /PRNewswire/ -- The board of directors of Eli Lilly and Company (NYSE: LLY) has declared a dividend for the third quarter of 2025 of $1.50 per share on outstanding common stock.The dividend is payable on September 10, 2025, to shareholders of record at the close of business on August 15, 2025.About LillyLilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and ...
Intel vs. NVIDIA: Which AI-Focused Chip Stock is the Better Buy?
ZACKS· 2025-06-23 15:36
Key Takeaways NVIDIA is expanding its AI platforms across industries, driving steep gains in revenue and EPS projections. Intel is focused on AI and foundry investments, but faces revenue declines and lags in GPU capabilities. NVDA has stronger growth prospects, while INTC trades at a much lower price/sales ratio of 1.78 vs.16.17.Intel Corporation (INTC) and NVIDIA Corporation (NVDA) are two premier semiconductor firms focusing on AI (artificial intelligence) and advanced chip technologies. Intel, reporte ...
Can Market Expansion and Operational Efficiency Support NRG's Growth?
ZACKS· 2025-06-23 15:36
Key Takeaways NRG is expanding in Texas and the Northeast, leveraging its scale to boost customer growth and revenues. The LS Power acquisition will enhance NRG's ability to meet rising clean electricity demand. NRG's cost-cutting, fleet optimization and capital discipline are strengthening margins and cash flow.NRG Energy Inc. (NRG) is achieving robust performance by expanding its footprint in power generation and retail electricity services. The company continues to expand its market presence, particula ...
Understanding Airbnb With Help From CFO Ellie Mertz
The Motley Fool· 2025-06-23 15:33
In this podcast, Airbnb Chief Financial Officer Ellie Mertz joins Motley Fool CEO and co-founder Tom Gardner and Chief Investment Officer Andy Cross for a conversation about:Why Airbnb is focusing on experiences and services.The stock's long-term performance.How ideas develop at Airbnb.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to buy.A full transcript is below. This podcast was recorded on J ...
4 Growth Stocks From the Insurance Space to Add to Your Portfolio
ZACKS· 2025-06-23 15:31
Key Takeaways Global commercial insurance rates fell 3% in the first quarter of 2025, per Marsh. Despite recent pricing pressure, Deloitte projects global gross premiums to grow sixfold by 2030. Insurers are investing heavily in technology to increase margins, efficiency, and operational scale.The Zacks Insurance industry remains well-poised for growth, riding on better pricing, prudent underwriting and exposure growth. Redesigning and repricing of products and services to maintain sales and profitability ...
Sea Eyes Fintech Growth: Is Monee the Next Revenue Pillar?
ZACKS· 2025-06-23 15:31
Key Takeaways SE's Monee division posted $787.1M in Q1 revenues, up 57.6% year over year, outpacing Shopee and Garena. SE drove fintech growth via a $5.8B loan book, Brazil entry and 28M loan users, up 50% year over year. SE is expanding Monee into banking, investment and insurance to build a full financial services platform.Sea Limited (SE) is capitalizing on fintech momentum, as Monee, its digital financial services division, is showing strong prospects. Monee delivered a standout performance in the fir ...
Duke Energy urges North Carolina and South Carolina customers to reduce electric usage
Prnewswire· 2025-06-23 15:31
CHARLOTTE, N.C., June 23, 2025 /PRNewswire/ -- As high temperatures increase, Duke Energy is urging customers in the Carolinas to reduce their energy use during periods of peak demand today, June 23 from 3-8 p.m. to help lessen the energy demand on the power grid and reduce the potential of isolated power outages.As we continue to manage available power supplies, protect the grid and maintain normal operations, here are some simple ways customers can help: At home, raise the temperature to the highest comfo ...
QMMM Announces Closing of $8 Million Public Offering of Ordinary Shares
Prnewswire· 2025-06-23 15:31
HONG KONG, June 23, 2025 /PRNewswire/ -- QMMM Holdings Limited (NASDAQ: QMMM) (the "Company" or "QMMM"), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced the closing of its best efforts public offering of 40,000,000 ordinary shares at a public offering price of $0.20 per ordinary share.Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be $8 million.Pacific Century Securities LLC and Revere ...