Surmodics, Inc.
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Wall Street Breakfast Podcast: Who Leads Apple Next?
Seeking Alpha· 2025-11-17 11:54
Company Insights - Apple is reportedly increasing its CEO succession planning efforts as Tim Cook may step down as soon as next year, with John Ternus, senior vice president of hardware engineering, seen as a potential successor [2][3] - The transition is not related to Apple's current performance, as Cook has been CEO since 2011, following Steve Jobs' resignation [4] Industry Trends - M&M Custard LLC, a major franchisee of Freddy's Frozen Custard & Steakburgers, has filed for Chapter 11 bankruptcy, reporting approximately $5 million in assets against nearly $28 million in liabilities, affecting 32 locations across several states [5][6] - The bankruptcy reflects a broader trend in the quick-service restaurant and casual dining sectors, with chains like Dairy Queen, Wendy's, Red Lobster, and Outback Steakhouse closing stores due to reduced consumer spending and rising operational costs [7]
Fortress Biotech (FBIO) Surpasses Q3 Earnings Estimates
ZACKS· 2025-11-14 15:41
Core Insights - Fortress Biotech reported quarterly earnings of $0.11 per share, significantly beating the Zacks Consensus Estimate of a loss of $0.43 per share, marking an earnings surprise of +125.58% [1] - The company posted revenues of $17.63 million for the quarter ended September 2025, which was 25.55% below the Zacks Consensus Estimate, but an increase from $14.63 million year-over-year [2] - Fortress Biotech shares have increased approximately 23% since the beginning of the year, outperforming the S&P 500's gain of 14.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $27.49 million, while for the current fiscal year, the estimate is -$1.18 on revenues of $80.7 million [7] - The estimate revisions trend for Fortress Biotech was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Medical - Biomedical and Genetics industry, to which Fortress Biotech belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
TriSalus Life Sciences, Inc. (TLSI) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2025-11-13 23:16
Financial Performance - TriSalus Life Sciences, Inc. reported a quarterly loss of $0.96 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.17, representing an earnings surprise of -464.71% [1] - The company posted revenues of $11.57 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 0.79%, and showing an increase from $7.35 million in the same quarter last year [2] - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $12.88 million, and for the current fiscal year, it is -$0.86 on revenues of $44.69 million [7] Stock Performance - TriSalus Life Sciences, Inc. shares have declined approximately 11.8% since the beginning of the year, contrasting with the S&P 500's gain of 16.5% [3] - The company has not surpassed consensus EPS estimates over the last four quarters, indicating a trend of underperformance [2] Industry Outlook - The Medical - Products industry, to which TriSalus belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of TriSalus may be influenced by the overall outlook of the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]
Recent Market Movements: Top Gainers Across Industries
Financial Modeling Prep· 2025-11-12 00:00
Market Movements - The market has seen notable movements among top gainers from various industries, including biotechnology and financial services, driven by product developments, strategic initiatives, and broader industry trends [1][5] MSP Recovery, Inc. (MSPR) - MSP Recovery, Inc. experienced a substantial price increase of 74.57%, with its stock reaching $0.55, following the announcement of a strategic move to enhance liquidity and working capital [2][6] - The company entered a non-binding term sheet for a secured term loan facility of up to $55 million to drive future growth [2] LEIFRAS Co., Ltd. (LFS) - LEIFRAS Co., Ltd. saw its American Depositary Shares climb by 72.02% to $2.89 after securing a contract with the City of Nagoya, Aichi Prefecture [3][6] - The contract involves managing regional club activity facilities and supporting a new extracurricular framework for Nagoya Municipal Junior High Schools, contributing to the stock's rise [3] Surmodics, Inc. (SRDX) - Surmodics, Inc. experienced a stock price increase of 48.88% to $40.71, influenced by a legal development where the U.S. District Court cleared the path for GTCR's proposed acquisition of the company [4] - The court denied a request for a preliminary injunction by the U.S. Federal Trade Commission, which likely impacted the stock's upward movement [4]
Stocks Settle Mostly Higher on Government Reopening Optimism
Yahoo Finance· 2025-11-11 21:36
On Sunday, a group of eight Senate Democrats broke with their party to vote with Republicans to advance a bill to reopen the government. The bill would provide full-year funding for some departments, fund other agencies through January 30, and provide pay for furloughed government workers. The bill will also resume withheld federal payments to states and localities and recall agency employees who were laid off during the shutdown.Also weighing on stocks on Tuesday was a weekly report from ADP that showed US ...
Dow Gains More Than 300 Points; Energy Vault Holdings Shares Jump - enGene Holdings (NASDAQ:ENGN), Energy Vault Holdings (NYSE:NRGV)
Benzinga· 2025-11-11 17:17
Market Overview - U.S. stocks showed mixed performance with the Dow Jones index increasing by 0.64% to 47,673.48, while the NASDAQ decreased by 0.79% to 23,340.59 and the S&P 500 fell by 0.23% to 6,817.03 [1] - Energy shares experienced a rise of 1.2%, while information technology stocks saw a decline of 0.9% [1] Company Highlights - RealReal Inc (NASDAQ:REAL) shares surged after reporting better-than-expected third-quarter financial results and providing fourth-quarter sales guidance above estimates, along with an increase in FY25 sales guidance [2] - enGene Holdings Inc (NASDAQ:ENGN) shares increased by 72% to $10.34 following positive Phase 2 LEGEND study data showing a 63% complete response rate [9] - Energy Vault Holdings Inc (NYSE:NRGV) shares rose by 30% to $4.62 after releasing third-quarter results [9] - Surmodics Inc (NASDAQ:SRDX) shares gained 49% to $40.80 after a court denied the FTC's attempt to block GTCR's acquisition [9] - Vor Biopharma Inc (NASDAQ:VOR) shares dropped by 50% to $9.32 due to the announcement of a $100 million public offering [9] - Salarius Pharmaceuticals Inc (NASDAQ:SLRX) shares fell by 50% to $1.00 after announcing a $7 million underwritten public offering [9] - Outset Medical Inc (NASDAQ:OM) shares decreased by 50% to $6.07 after reporting worse-than-expected third-quarter results and lowering FY25 sales guidance [9] Commodity Market - Oil prices increased by 1.5% to $61.00, while gold rose by 0.3% to $4,134.70 [5] - Silver prices went up by 0.8% to $50.730, whereas copper fell by 0.4% to $5.0845 [5] European Market - European shares showed positive movement with the eurozone's STOXX 600 rising by 1.05%, Spain's IBEX 35 Index gaining 1.05%, and London's FTSE 100 increasing by 0.94% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.14%, Hong Kong's Hang Seng up by 0.18%, China's Shanghai Composite down by 0.39%, and India's BSE Sensex rising by 0.40% [7]
Dow Gains More Than 300 Points; Energy Vault Holdings Shares Jump
Benzinga· 2025-11-11 17:17
Market Overview - U.S. stocks showed mixed performance with the Dow Jones index increasing by 0.64% to 47,673.48, while the NASDAQ decreased by 0.79% to 23,340.59 and the S&P 500 fell by 0.23% to 6,817.03 [1] - Energy shares experienced a rise of 1.2%, while information technology stocks saw a decline of 0.9% [1] Company Performance - RealReal Inc (NASDAQ:REAL) shares surged after reporting better-than-expected third-quarter results and providing fourth-quarter sales guidance above estimates, along with an increase in FY25 sales guidance [2] - enGene Holdings Inc (NASDAQ:ENGN) shares increased by 72% to $10.34 following positive Phase 2 LEGEND study data showing a 63% complete response rate [9] - Energy Vault Holdings Inc (NYSE:NRGV) shares rose by 30% to $4.62 after releasing third-quarter results [9] - Surmodics Inc (NASDAQ:SRDX) shares gained 49% to $40.80 after a court denied the FTC's attempt to block GTCR's acquisition [9] - Vor Biopharma Inc (NASDAQ:VOR) shares dropped by 50% to $9.32 due to the announcement of a $100 million public offering [9] - Salarius Pharmaceuticals Inc (NASDAQ:SLRX) shares fell by 50% to $1.00 after announcing a $7 million underwritten public offering [9] - Outset Medical Inc (NASDAQ:OM) shares decreased by 50% to $6.07 following worse-than-expected third-quarter results and a cut in FY25 sales guidance [9] Commodity Market - Oil prices increased by 1.5% to $61.00, while gold rose by 0.3% to $4,134.70 [5] - Silver traded up by 0.8% to $50.730, whereas copper fell by 0.4% to $5.0845 [5] European Market - European shares showed positive movement with the eurozone's STOXX 600 rising by 1.05%, Spain's IBEX 35 Index gaining 1.05%, and London's FTSE 100 increasing by 0.94% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.14%, Hong Kong's Hang Seng up by 0.18%, China's Shanghai Composite down by 0.39%, and India's BSE Sensex up by 0.40% [7]
PubMatic Posts Upbeat Q3 Results, Joins Energy Vault, RealReal And Other Big Stocks Moving Higher On Tuesday - BigBear.ai Hldgs (NYSE:BBAI), Clearwater Analytics Hldg (NYSE:CWAN)
Benzinga· 2025-11-11 15:08
Core Insights - U.S. stocks showed mixed performance, with the Dow Jones index increasing by over 100 points on Tuesday [1] Company Performance - PubMatic Inc reported third-quarter earnings of 3 cents per share, surpassing the analyst consensus estimate of a loss of 10 cents per share, and quarterly sales of $67.960 million, exceeding the estimate of $63.768 million [1] - PubMatic shares surged by 33.2% to $10.19 following the positive earnings report [2] - Surmodics Inc experienced a gain of 49.3% to $40.85 after a court denied the FTC's attempt to block GTCR's acquisition [4] - enGene Holdings Inc's shares rose by 36.4% to $8.20 after reporting a 63% complete response rate in its Phase 2 LEGEND study [4] - Energy Vault Holdings Inc's stock increased by 33.1% to $4.72 following its third-quarter results [4] - RealReal Inc's shares climbed by 25.6% to $14.08 after reporting better-than-expected third-quarter results and raising its FY25 sales guidance [4] - Hallador Energy Co reported better-than-expected quarterly sales, leading to a 19.3% increase in its stock price to $23.87 [4] - BigBear.ai Holdings Inc's shares rose by 17.3% to $6.71 after announcing better-than-expected quarterly results and the acquisition of Ask Sage [4] - Paramount Skydance Corp's stock gained 10.9% to $16.92 after reporting third-quarter results and issuing optimistic fourth-quarter sales guidance [4] - Clearwater Analytics Holdings Inc's shares increased by 9.3% to $18.24 [4] - Rocket Lab Corp's stock rose by 8.3% to $56.27 after reporting better-than-expected third-quarter results and issuing positive fourth-quarter sales guidance [4] - Viasat Inc's shares gained 8.1% to $39.96 after an upgrade from JP Morgan analyst Philip Cusick, who raised the price target from $23 to $50 [4] - Soleno Therapeutics Inc's stock rose by 6.7% to $49.42 after announcing a $100 million accelerated share repurchase plan [4]
US Stocks Mixed; Sea Shares Gain After Q3 Results - MSP Recovery (NASDAQ:MSPR), Outset Medical (NASDAQ:OM)
Benzinga· 2025-11-11 14:40
Market Overview - U.S. stocks exhibited mixed trading, with the Nasdaq Composite declining over 0.4% on Tuesday. The Dow increased by 0.13% to 47,430.01, while the S&P 500 fell by 0.15% to 6,823.18 [1] - Energy shares rose by 0.9%, whereas information technology stocks decreased by 0.7% [1] Company Performance - Sea Ltd (NYSE:SE) saw its shares rise approximately 4% after reporting fiscal Q3 2025 results, with revenue increasing by 38.3% year-on-year to $5.99 billion, surpassing analyst expectations of $5.65 billion. However, earnings per share were 59 cents, missing the consensus forecast of 77 cents [2] Commodity Market - In commodity trading, oil prices increased by 1.1% to $60.76, gold rose by 0.7% to $4,151.60, silver gained 1.4% to $51.030, while copper fell by 0.3% to $5.0915 [5] European Market - European shares experienced gains, with the eurozone's STOXX 600 rising by 0.8%, Spain's IBEX 35 Index up by 0.8%, London's FTSE 100 increasing by 0.8%, Germany's DAX 40 gaining 0.2%, and France's CAC 40 climbing by 0.9% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.14%, Hong Kong's Hang Seng up by 0.18%, China's Shanghai Composite declining by 0.39%, and India's BSE Sensex rising by 0.40% [7] Notable Stock Movements - MSP Recovery Inc (NASDAQ:MSPR) shares surged 104% to $0.65 after a previous decline of 15%. Quoin Pharmaceuticals Ltd (NASDAQ:QNRX) shares increased by 51% to $12.47 following the announcement of achieving target loadings for proprietary delivery technologies. Surmodics Inc (NASDAQ:SRDX) shares rose by 50% to $41.08 after a court denied the FTC's bid to block an acquisition [9] - Conversely, Vor Biopharma Inc (NASDAQ:VOR) shares dropped 48% to $9.87 due to a public offering announcement, while Salarius Pharmaceuticals Inc (NASDAQ:SLRX) fell 50% to $1.00 after announcing a $7 million public offering. Outset Medical Inc (NASDAQ:OM) shares decreased by 42% to $7.04 following worse-than-expected Q3 results and a lowered FY25 sales guidance [9]
US Stocks Mixed; Sea Shares Gain After Q3 Results
Benzinga· 2025-11-11 14:40
Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite falling over 0.4% on Tuesday, while the Dow increased by 0.13% to 47,430.01 and the S&P 500 dropped 0.15% to 6,823.18 [1] - Energy shares rose by 0.9%, while information technology stocks decreased by 0.7% [1] Company Performance - Sea Ltd (NYSE:SE) shares increased by approximately 4% after reporting fiscal Q3 2025 results, with revenue rising 38.3% year-on-year to $5.99 billion, surpassing analyst expectations of $5.65 billion. However, earnings per share were 59 cents, missing the consensus forecast of 77 cents [2] Commodity Market - Oil prices increased by 1.1% to $60.76, gold rose by 0.7% to $4,151.60, silver went up by 1.4% to $51.030, while copper fell by 0.3% to $5.0915 [5] European Market - European shares experienced gains, with the eurozone's STOXX 600 rising by 0.8%, Spain's IBEX 35 Index gaining 0.8%, London's FTSE 100 increasing by 0.8%, Germany's DAX 40 up by 0.2%, and France's CAC 40 climbing by 0.9% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down by 0.14%, Hong Kong's Hang Seng up by 0.18%, China's Shanghai Composite declining by 0.39%, and India's BSE Sensex rising by 0.40% [7] Notable Stock Movements - MSP Recovery Inc (NASDAQ:MSPR) shares surged 104% to $0.65 after a previous decline of 15% [9] - Quoin Pharmaceuticals Ltd – ADR (NASDAQ:QNRX) shares increased by 51% to $12.47 following the achievement of target loadings for proprietary delivery technologies [9] - Surmodics Inc (NASDAQ:SRDX) shares rose by 50% to $41.08 after a court denied the FTC's bid to block an acquisition [9] - Vor Biopharma Inc (NASDAQ:VOR) shares dropped 48% to $9.87 due to a public offering announcement of $100 million [9] - Salarius Pharmaceuticals Inc (NASDAQ:SLRX) shares fell 50% to $1.00 after announcing a $7 million public offering [9] - Outset Medical Inc (NASDAQ:OM) shares decreased by 42% to $7.04 after reporting worse-than-expected Q3 results and cutting FY25 sales guidance [9]