Nuvei Slips 35% As Q2 Earnings Miss Street, Lowers Outlook Shares of Nuvei Corporation (NVEI) slips 35% on Wednesday after the company reported second-quarter revenues that beat Street estimates, while earnings fell short of expectations. The company also projected a third-quarter revenue outlook lower than the Street estimates and cuts its full-year revenue outlook. NVEI […]

European Economic News Preview: Eurozone Flash GDP, Inflation Data Due Flash inflation and quarterly national accounts from the euro area and mortgage approvals from the UK are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, Germany’s statistical office Destatis is scheduled to issue retail sales and import […]

RBC Bearings Q1 Earnings Rise, Beats Estimates RBC Bearings Inc. (RBC) on Friday reported higher earnings for the first quarter on higher revenues. Earnings per share beat market estimates. Quarterly earnings increased to $44.28 million or $1.52 per share from $31.69 million or $1.09 per share of last year. Adjusted net income was $61.9 million […]

Dolby Laboratories Q3 Profit Drops, Inline With Estimates Dolby Laboratories (DLB) revealed earnings for third quarter that decreased from last year in line with the Street estimates. The company’s earnings came in at $16.4 million, or $0.17 per share. This compares with $39.6 million, or $0.39 per share, in last year’s third quarter. Excluding items, […]

Suspect arrested in southwest Denver shooting that killed one A person was fatally shot in Denver on Wednesday morning and a suspect is in custody, police said. The shooting happened in the area of South Federal Boulevard and West Ohio Avenue, the Denver Police Department said in an 11:29 a.m. tweet. At 12:27 p.m. police […]

IP Group Plc H1 Pretax Loss Narrows IP Group plc (IPO.L) posted a first-half pretax loss of 53.4 million pounds compared to a loss of 309.8 million pounds, last year. Loss per share was 5.20 pence compared to a loss of 29.85 pence. Revenue from services and other income was 3.1 million pounds, flat with […]

K+S Q2 Preliminary EBITDA Below Market Expectation Agricultural products supplier K+S AG (SDF.DE) reported that its preliminary EBITDA for the second quarter of 2023 was about 24 million euros and underperforms the market expectation, in particular due to price effects. In the second quarter, the potassium chloride selling price in the Brazilian market faced a […]

Gold Inches Higher As Investors Await Fed Outcome Gold prices edged higher on Wednesday and the dollar traded weak as investors braced for the Federal Reserve’s interest-rate decision later in the day. Spot gold rose 0.4 percent to $1,971.79 per ounce, while U.S. gold futures were up half a percent at $1,972.95. A 25-bps rate […]

Kumba Iron Ore HY Profit Down Kumba Iron Ore Limited, a South African iron-ore mining company, reported that its profit attributable to owners of the company for the half year ended 30 June 2023 decreased to R9.64 billion or R29.98 per share from R11.55 billion or R35.92 per share in the prior year. EBITDA decreased […]

Cranswick Q1 Revenue Rises; Sees Annual Results Ahead Of Expectations Cranswick Plc (CWK.L), a British food company, said on Monday that it has recorded a rise in revenue for the first-quarter, amidst strong demand. Consequently, the company expects its full year results to be ahead of the Board’s previous expectations. For the 13 weeks to […]