Fortrea Holdings Inc. saw a decline in revenue by about 3.4% to $678.2 million in the first half of 2026, but its adjusted EBITDA rose by approximately 24%, thanks to aggressive cost reductions in direct costs and SG&A expenses. Net new business awards increased by 19% year-over-year, with a healthy book-to-bill ratio of 1.12x, though revenue conversion remains uncertain. The company’s adjusted EPS also grew by 21.1%, reflecting improved profitability despite the revenue drop. Investors view Fortrea’s valuation as attractive on an enterprise value to sales basis, but sustained earnings and cash flow improvements are key for future gains.
Rosen Law Firm is investigating potential breaches of fiduciary duties by the directors and officers of Manhattan Associates, Inc. This legal action could impact shareholders of the company, signaling possible governance issues. Investors holding Man...
The company has a substantial AI backlog of $51.3 billion and $24.4 billion in quarterly AI orders, indicating strong demand. Management raised the fiscal year 2027 revenue guidance by $27 billion at the midpoint, with some analysts expecting another...
Perpetua Resources has received unanimous approval from the EXIM board for funding to develop its Stibnite Gold Mine, benefiting from favorable gold prices and political backing for critical minerals. This funding provides the company with strong fin...
Cryptoquant founder Ki Young Ju predicts the peak of the current bitcoin bull cycle will come from institutional capital and ETFs outside the United States, highlighting regulatory and market access challenges in South Korea. Meanwhile, Russia's larg...
Bitcoin surged over 24% in August, driven largely by a massive short squeeze that liquidated $9.71 billion in crypto positions, mostly shorts. This rally marks Bitcoin's best monthly performance since 2017 but raises concerns about sustainability, as...
