E.W. Scripps Company is cutting 12% of its workforce, mainly at local TV stations, as part of a transformation plan to adopt a 24-hour streaming news model powered by artificial intelligence. CEO Adam Symson highlighted the shift towards AI, automation, and technology to modernize local news production while maintaining quality journalism. The layoffs aim to save $100 million and improve operating efficiency amid challenges like declining revenue and audience shifts. Despite a recent earnings miss, the company expects to increase EBITDA by up to $150 million by 2028 through these changes.
Truist Financial raised its price target for RXO to $28, signaling a 30% potential gain after the company reported strong Q2 results. RXO posted $1.77 billion in revenue, a 25% increase year-over-year, surpassing analyst estimates by nearly 15%. Earn...
Under Armour reported Q1 earnings with an EPS of $0.05, beating analyst estimates of $0.02 by 150%. However, revenue fell 3% year-over-year to $1.1 billion, slightly below expectations, mainly due to a 9% decline in North American sales. Internationa...
National Energy Services Reunited Corp. (NESR) is set to release its Q2 2026 earnings on August 10, with analysts expecting earnings per share of $0.35 and revenue of $448.54 million. The company recently secured $300 million in new five-year contrac...
Truist Financial raised Parker-Hannifin's price target to $1,358, reflecting a potential 25.78% upside after the company reported strong Q4 FY2026 adjusted earnings of $9.27 per share, beating estimates and showing 21% growth year-over-year. Sales hi...
RBC Capital increased its price target for RioCan to C$25.00 and maintained an "Outperform" rating, reflecting confidence in the REIT's strong operational performance. RioCan reported a high retail occupancy rate of 98.80% and a 6.10% rise in net inc...
