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Dow Dips Over 250 Points; Delta Air Lines Posts Upbeat Earnings
Benzinga· 2025-10-09 17:09
Company Performance - Delta Air Lines Inc. reported better-than-expected adjusted EPS of $1.71 and operating revenue of $16.7 billion, reflecting a 6% year-over-year increase [2] - GAAP EPS for Delta was $2.17, marking a 10% rise from the previous year [2] - Delta anticipates total revenue growth of 2% to 4% for the December quarter, with adjusted EPS projected between $1.60 and $1.90 [3] Market Movements - Turn Therapeutics Inc. shares surged 145% to $17.14 after commencing trading on the Nasdaq Capital Market [9] - Tilray Brands, Inc. saw a 29% increase in shares to $2.2109 following better-than-expected first-quarter financial results [9] - Serve Robotics Inc. shares rose 26% to $17.38 due to a new partnership with DoorDash for autonomous robot deliveries [9] - Helen of Troy Limited shares dropped 21% to $21.90 after reporting second-quarter results and issuing FY26 adjusted EPS guidance below estimates [9] - Ferrari N.V. shares fell 13% to $417.00 after releasing its comprehensive 2030 strategic plan and updated near-term financial guidance [9] - Lucas GC Limited shares decreased by 30% to $0.1082 following a 40-for-1 share consolidation announcement [9] Commodity Prices - Oil prices decreased by 0.1% to $62.52, while gold fell by 0.7% to $4,041.90 [6] - Silver traded down 0.6% to $48.720, whereas copper rose by 1.7% to $5.1790 [6]
Helen of Troy, Ferrari, Apogee Therapeutics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - AZZ (NYSE:AZZ), Apogee Therapeutics (NASDAQ:APGE)
Benzinga· 2025-10-09 12:29
Summary of Key Points Core Viewpoint - U.S. stock futures are slightly lower, with Nasdaq futures down approximately 0.1% on Thursday, indicating a cautious market sentiment [1]. Company-Specific Summaries Helen of Troy Ltd (NASDAQ:HELE) - Helen of Troy reported quarterly earnings of 59 cents per share, surpassing the analyst consensus estimate of 53 cents per share [1]. - The company achieved quarterly sales of $431.781 million, exceeding the analyst consensus estimate of $418.806 million [1]. - For FY2026, Helen of Troy projects adjusted EPS between $3.75 and $4.25, which is below market estimates of $4.58 [1]. - The company anticipates sales in the range of $1.739 billion to $1.780 billion, compared to market estimates of $1.750 billion [1]. - Shares of Helen of Troy fell 16.7% to $23.00 in pre-market trading following the earnings report [2]. Ferrari NV (NYSE:RACE) - Ferrari's shares decreased by 12.4% to $420.00 in pre-market trading after the release of its comprehensive 2030 strategic plan and updated near-term financial guidance [4]. Apogee Therapeutics, Inc. (NASDAQ:APGE) - Apogee Therapeutics' stock tumbled 9.6% to $42.70 in pre-market trading after announcing a $300 million underwritten public offering [4]. AZZ Inc (NYSE:AZZ) - AZZ Inc's shares declined by 9.4% to $96.01 in pre-market trading following weak second-quarter results [4]. Plug Power Inc. (NASDAQ:PLUG) - Plug Power's stock fell 7.8% to $3.37 in pre-market trading after a decline of more than 5% on Wednesday, despite raising $370 million from the immediate exercise of 185.4 million warrants at $2 per share [4]. Other Notable Stocks - Inventiva (NYSE:IVA) shares fell 6.3% to $5.02 in pre-market trading [4]. - NextNRG Inc (NASDAQ:NXXT) saw a decline of 5.8% to $2.59 in pre-market trading [4].
3 Reasons Growth Investors Will Love Ferrari (RACE)
ZACKS· 2025-07-16 17:46
Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, which can lead to solid returns, but identifying such stocks is challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Ferrari (RACE) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it indicates strong future prospects [3] - Ferrari's historical EPS growth rate stands at 25.6%, with projected EPS growth of 11.9% this year, surpassing the industry average of 11.8% [4] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, enabling them to expand without relying on external funding [5] - Ferrari's year-over-year cash flow growth is currently at 14%, significantly higher than the industry average of -8.6% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 15%, compared to the industry average of 1.8% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, making them a valuable metric for investors [7] - The current-year earnings estimates for Ferrari have increased by 6.8% over the past month, indicating a positive outlook [8] Group 5: Conclusion - Ferrari has achieved a Growth Score of A and a Zacks Rank 1 due to favorable earnings estimate revisions, positioning it well for potential outperformance in the market [10]