Melco Resorts & Entertainment reported a 27.4% adjusted property EBITDA margin in 1Q26, with 16% year-on-year EBITDA growth in Macau despite intense competition. The company maintains strict cost control and a premium market position, supporting a 5% rise in its share price after earnings. Looking ahead, Melco plans to launch the REM hotel in the second half of 2026, making it the only operator with new premium capacity in Macau, expected to drive further earnings and market share gains. The stock trades at 6.5 times forward EV/EBITDA with a 48% upside to a target multiple of 9.8 times, while risks include slower gross gaming revenue growth and execution challenges with the new property.
Dycom Industries reported a record first quarter with contract revenues up 56.1% to $1.965 billion and adjusted net income nearly doubling to $134.3 million. The company raised its full-year fiscal 2027 revenue outlook to $7.38-$7.65 billion, driven ...
BrewDog, part of Tilray Brands, is rolling out a major summer campaign across the UK tied to the global football tournament. The campaign features a "Win a Year of Beer" contest with special cans hidden in over 2.8 million packs at major retailers, p...
Atea Pharmaceuticals announced Phase 1 results indicating their Hepatitis C treatment regimen, combining bemnifosbuvir and ruzasvir, has a low risk of drug-drug interactions with common medications like omeprazole and rosuvastatin. This supports easi...
Girard Sharp LLP is investigating potential securities claims for former Discover investors who received Capital One shares after Capital One acquired Discover in May 2025. Since the merger, Capital One's stock price has declined, leading to possible...
Sunshine Silver, a mining and refining company based in Idaho, is preparing for a $2.32 billion initial public offering on the New York Stock Exchange. The company aims to raise up to $330 million by selling 20 million shares priced between $13.50 an...
