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FirstService (FSV) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2026-02-04 14:50
FirstService (FSV) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +3.59%. A quarter ago, it was expected that this property services provider would post earnings of $1.75 per share when it actually produced earnings of $1.76, delivering a surprise of +0.57%.Over the last four quarter ...
AM Best Assigns Credit Ratings to Berkshire Hathaway International Insurance Limited
Businesswire· 2026-02-04 14:50
AM Best Assigns Credit Ratings to Berkshire Hathaway International Insurance LimitedFeb 4, 2026 9:50 AM Eastern Standard Time# AM Best Assigns Credit Ratings to Berkshire Hathaway International Insurance LimitedShare---LONDON--([BUSINESS WIRE])--AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of "aaa†(Exceptional) to Berkshire Hathaway International Insurance Limited (BHIIL) (United Kingdom). BHIIL is a wholly owned subsidiary of National Indemnity Com ...
Eloro Resources Accepted into the US Defense Industrial Base Consortium
TMX Newsfile· 2026-02-04 14:50
Toronto, Ontario--(Newsfile Corp. - February 4, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro", or the "Company") is pleased to announce that it has been selected to join the U.S. Defense Industrial Base Consortium ("DIBC") - a U.S. Department of Defense-supported initiative focused on strengthening collaboration across industry, academia, and government to advance solutions aligned with U.S. and allied national security priorities. Participation in the DIBC underscores Eloro's ...
History Says the S&P 500 Could Rise After This Happens in 2026
Yahoo Finance· 2026-02-04 14:48
After a down year in 2022, the S&P 500 (SNPINDEX: ^GSPC) has pulled off three consecutive years of double-digit gains (16% in 2025, 23% in 2024, and 24% in 2023). It's only the eighth time that this has happened since 1926. Who knows what 2026 holds for the stock market's most popular index? But with the U.S. midterm elections in November, there's an interesting pattern worth noting. It's a historical pattern that could work in investors' favor -- but there's a catch. Where to invest $1,000 right now? Our ...
Why Hycroft Mining Stock Soared 57% Last Month
Yahoo Finance· 2026-02-04 14:47
Shares of Hycroft Mining (NASDAQ: HYMC) rocketed 57% higher in January, according to data from S&P Global Market Intelligence. The company, which owns proposed gold and silver mines but does not actually mine today, is seeing a booming stock price amid the resurgence of metals prices. The company also outlined a large silver concentration late in December, which could prove profitable. However, with gold and silver prices collapsing to start February, Hycroft Mining stock has quickly retraced 23% from re ...
Glencore's strategic allure highlighted by sale of mining assets to U.S. government-backed entity
MarketWatch· 2026-02-04 14:47
Core Insights - Glencore has agreed to sell a 40% stake in its copper and cobalt mines in the Democratic Republic of Congo (DRC) to a U.S. government-backed consortium, highlighting the strategic appeal of its mining operations [1] Group 1: Transaction Details - The stake is being sold in two DRC assets, Mutanda Mining and Kamoto Copper, to a consortium led by U.K. private-equity firm Orion Resource Partners, which includes the U.S. International Development Finance Corporation [1] - Abu Dhabi's sovereign wealth fund ADQ is also a partner in this transaction [1] Group 2: Strategic Implications - The sale may not only provide financial benefits but could also lower the risk premium associated with Glencore's mining operations due to the perceived backing from the U.S. government [1] - This deal reflects a new era of resource nationalism, indicating a shift in how mining assets are valued and perceived in the market [1]
Advanced Micro Devices Stock Falls 12%
RTTNews· 2026-02-04 14:46
Shares of Advanced Micro Devices, Inc. (AMD) are falling about 12 percent on Wednesday morning trading despite no corporate-related announcements to impact the movement.The company's shares are currently trading at $211.46 on the Nasdaq, down 12.81 percent. The stock opened at $209.79 and has climbed as high as $218.58 so far in today's session. Over the past year, it has traded in a range of $76.48 to $267.08.AMD closed trading at $242.11 on Tuesday. For comments and feedback contact: editorial@rttnews.co ...
Should VNO Stock Be in Your Portfolio Ahead of Q4 Earnings?
ZACKS· 2026-02-04 14:46
Core Insights - Vornado Realty Trust (VNO) is expected to report a year-over-year decline in revenues and funds from operations (FFO) per share for Q4 2025 on February 9 [1][10]. Company Performance - In the last reported quarter, Vornado's FFO per share was 57 cents, exceeding the Zacks Consensus Estimate of 55 cents, with year-over-year growth in same-store net operating income (NOI) and occupancy [2]. - Over the past four quarters, Vornado's FFO per share has consistently surpassed the Zacks Consensus Estimate, with an average surprise of 12.5% [3]. Industry Trends - The U.S. office market saw a positive demand shift in the second half of 2025, with leasing activity strengthening and vacancy rates expected to peak later this year [3]. - Net absorption for the U.S. office market turned positive in Q4 2025, ending a 12-quarter decline, although full-year absorption remained negative at 6.7 million square feet [4]. - Class A office assets are in high demand, with absorption totaling 3.5 million square feet in Q4 2025 and 9.2 million square feet for the full year [5]. Supply Dynamics - Elevated construction costs and policy uncertainty have limited new developments, with the national vacancy rate at 20.5% in Q4, a slight increase of 30 basis points year-over-year [6]. - Sublease availability has decreased in about 60% of markets, while office conversions are tightening supply [6]. Competitive Landscape - High demand for quality offices has positively impacted Vornado's leasing activity, but competition from other developers and operators has pressured the company's ability to attract tenants at higher rents [8]. - To remain competitive, Vornado is offering rent concessions, which has negatively affected its revenue growth [8]. Financial Projections - Vornado's New York revenues are projected to decline by 9.2% to $348.5 million, while total quarterly revenues are expected to be $434.8 million, reflecting a 5% year-over-year decline [11]. - The consensus estimate for occupancy in Vornado's New York office portfolio is 89.8%, up from 88.8% a year ago [12]. - The Zacks Consensus Estimate for quarterly FFO per share remains at 57 cents, indicating a 6.6% increase from the previous year [12].
Dave O'Hara Joins Cadiz Board of Directors
Prnewswire· 2026-02-04 14:46
Core Insights - Cadiz, Inc. has appointed Mr. Dave O'Hara, a former Microsoft executive, to its Board of Directors, bringing extensive experience in corporate finance and commercial strategy [1][2][3] Company Overview - Cadiz, Inc. is a California-based water solutions company founded in 1983, focused on providing access to clean, reliable, and affordable water through a combination of water supply, storage, pipeline, and treatment solutions [4] - The company manages 45,000 acres of land in California, has a water supply of 2.5 million acre-feet, and operates 220 miles of pipeline assets, utilizing advanced water treatment filtration technology [4] Leadership Experience - Mr. O'Hara has over 20 years of experience at Microsoft, where he held senior leadership roles, including Executive Vice President and Chief Financial Officer of the Commercial Business Group, overseeing investment strategy and financial analysis [2] - His background includes managing large-scale capital investments in data centers and cloud infrastructure, which will be beneficial for Cadiz as it navigates growth initiatives [2][3] Strategic Vision - Mr. O'Hara expressed enthusiasm about joining Cadiz at a pivotal moment, highlighting the company's potential to meet the increasing demand for water and energy resources in high-growth industries [3] - The leadership believes that Mr. O'Hara's expertise in capital-intensive growth initiatives will significantly contribute to the company's strategic direction and shareholder value [3]
BlackRock's Fink, Reliance's Ambani Hail 'Era Of India'
Youtube· 2026-02-04 14:46
What do you think about the growth of India. It's not a quarter. It's not a day or week. It's not a year. It's it's a it's over a long horizon.And you could say maybe this is the era for India. And over the next 20, 25 years, the era of India, which I believe in, we need to get more people investing alongside the growth of the country. And that's the role of the capital markets. That's the role of what we can be doing together.The fundamental foundation of any country is having the domestic economy being bu ...