Fox Corporation reports strong quarter, boosted by advertising and cable growth
Fox Business· 2026-02-04 17:56
Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts' estimates amid growth in advertising revenue from the company's news networks and sports programming. The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and above the LSEG estimate of $5.06 billion. Distribution revenues were up 4% in the quarter, driven mainly by 5% growth in Fox's cable network programming segment.Advertising revenue ...
Why Innodata Stock's Forward P/E Is Raising Eyebrows on Wall Street
ZACKS· 2026-02-04 17:55
Core Insights - Innodata Inc. (INOD) has gained significant attention as a small-cap AI services stock, with a stock price increase of 22.3% over the past six months, outperforming the Zacks Technology Services industry and the S&P 500 [1][6] - The company's valuation is currently at 45.2 times forward earnings, nearly double the industry average of 23.47 times, raising questions about the sustainability of its growth [2][14] Financial Performance - In Q3 2025, Innodata reported revenue of $62.6 million, reflecting nearly 20% year-over-year organic growth, with adjusted EBITDA at $16.2 million, or 26% of revenue [7] - The company ended the quarter with approximately $73.9 million in cash and short-term investments, providing flexibility for future investments [8] Growth Drivers - Innodata's early investment in high-quality pre-training data has resulted in contracts worth around $68 million, expected to generate revenue in 2026 [9] - The company is expanding into government and defense markets, with a prime contract position on the Missile Defense Agency's SHIELD IDIQ program, which may enhance revenue visibility [11] - Recent partnerships, such as with Palantir Technologies, highlight Innodata's ability to meet high standards in AI applications, reinforcing its strategic relevance [12][13] Valuation Concerns - The premium valuation of Innodata is driven by confidence in its execution and long-term positioning, but stable earnings expectations raise caution among investors [15][21] - The Zacks Consensus Estimate for 2026 earnings per share remains unchanged at $1.20, indicating strong growth but suggesting that much of the positive outlook is already priced in [15][17] Competitive Landscape - Innodata competes with firms like Accenture and Cognizant, with its specialization in high-stakes AI workloads contributing to its premium valuation [20][21] - The competitive environment is intensifying as generative AI spending increases, leading to potential pricing pressure and talent competition [19][20]
Suncor Energy Q4 Earnings & Revenues Beat Estimates, Both Down Y/Y
ZACKS· 2026-02-04 17:55
Key Takeaways SU posted Q4 adjusted EPS of 79 cents, beating estimates as record upstream production lifted results.Revenues reached $8.8B, topping consensus on higher upstream and downstream volumes despite a Y/Y dip.Record refining throughput and 108% utilization drove stronger downstream earnings in the quarter.Suncor Energy Inc. (SU) reported fourth-quarter 2025 adjusted operating earnings of 79 cents per share, which beat the Zacks Consensus Estimate of 77 cents. This outperformance can be attributed t ...
Boom! FTC Squeezes Concessions from Cigna's Express Scripts
Globenewswire· 2026-02-04 17:55
Alexandria, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- The National Community Pharmacists Association cheered an announcement by the Federal Trade Commission today that insurance giant Cigna has agreed to make big concessions to help remedy years of unfair business practices that have plagued consumers with higher drug prices and hurt independent pharmacies by stifling competition. “This settlement will help lower consumers’ copays that have been tied to artificially inflated prices that feed Cigna’s insatiabl ...
Amazon expands access to digital assistant Alexa+
Proactiveinvestors NA· 2026-02-04 17:53
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Automakers back Trump plan to roll back fuel economy rules, but seek changes
Reuters· 2026-02-04 17:52
Major automakers on Wednesday called for changes in the Trump administration's proposal to reform fuel economy standards, but said they back the plan to drastically slash the efficiency requirements. ...
Palantir Q4 Earnings Beat Spells Opportunity With These ETFs
Etftrends· 2026-02-04 17:52
Core Viewpoint - Palantir's Q4 earnings exceeded expectations, leading to a significant increase in stock price, and traders are encouraged to consider Direxion ETFs for potential gains or hedging strategies [1] Group 1: Earnings Performance - Palantir reported strong fourth-quarter earnings, which positively impacted its stock performance [1] - The stock's performance is being closely monitored by traders looking for opportunities to leverage or hedge their positions [1] Group 2: ETF Considerations - The Direxion Daily PLTR Bull 2X Shares (PLTU) aims to deliver 200% of Palantir's daily performance, while the Direxion Daily PLTR Bear 1X Shares (PLTD) moves inversely [1] - Both ETFs are deemed useful for tactical traders in the upcoming years [1] Group 3: Valuation Insights - Palantir's valuation is considered high, trading at approximately 90 times trailing 12-month revenue, which is a 350% premium compared to other AI firms [1] - Morningstar analyst Mark Giarelli suggests that Palantir needs to achieve an average annual growth rate of 30% over five years to justify its current valuation [1] Group 4: Market Position - Historical analysis indicates that achieving 30% average annual growth is feasible for technological innovators, especially with the emergence of new categories like Palantir's ontology framework [1] - Unlike many software companies affected by the "AI displaces software" narrative, Palantir is viewed as an outlier, appealing to enterprises seeking automation solutions [1]
Deadline Alert: CoreWeave, Inc. (CRWV) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Globenewswire· 2026-02-04 17:52
LOS ANGELES, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming March 13, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired CoreWeave, Inc. (“CoreWeave” or the “Company”) (NASDAQ: CRWV) securities between March 28, 2025 and December 15, 2025, inclusive (the “Class Period”). IF YOU SUFFERED A LOSS ON YOUR COREWEAVE INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CL ...
Tech stock under pressure: AMD slumps 15.7%, fresh selling in software stocks drags US markets lower
The Times Of India· 2026-02-04 17:51
Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026 that also topped estimates. The decline came as investor expectations remained elevated after the stock had doubled over the past 12 months.Technology stocks more broadly faced pressure even where earnings remained strong. Market participants have increasingly questioned whether valuations in major technology companies had risen too sharply following years of ...
Atmos Energy Q1 Earnings Beat Estimates, Revenues Increase Y/Y
ZACKS· 2026-02-04 17:51
Key Takeaways ATO posted Q1 EPS of $2.44, topping estimates, with net income rising 14.5% from the prior-year quarter.Atmos Energy saw operating income climb 12% and implemented $122.9M in new rates, with more pending approval.ATO reaffirmed FY26 EPS guidance of $8.15-$8.35 and plans $4.2 billion in capital spending this fiscal year.Atmos Energy (ATO) posted first-quarter fiscal 2026 earnings of $2.44 per share, which beat the Zacks Consensus Estimate of $2.41 by 1.24%. The bottom line improved 9.42% from t ...