Ferguson Enterprises reported a 3.6% year-over-year sales increase to $7.50 billion for the March quarter, surpassing estimates. Adjusted EPS rose 9.1% to $2.28, also beating expectations. Growth was driven by 2.8% organic and 0.8% acquisition gains, with U.S. residential sales declining 1% due to weak housing demand, while non-residential demand grew 8%. The company expects low to mid-single-digit sales growth and an adjusted operating margin of 9.4% to 9.8% for 2026, focusing on water infrastructure and large projects despite economic uncertainty.
Warner Bros. Discovery's stock fell 4% following a court decision to pause the $110 billion merger deal between Paramount and Skydance. The judge's intervention raises uncertainty about the future of this major entertainment industry consolidation. I...
Crypto markets saw $26.3 million in liquidations over 24 hours, dominated by $18 million in short position liquidations as Bitcoin and Ethereum prices rose modestly. This indicates a short squeeze, where bearish traders are forced to close positions ...
Tower Semiconductor is benefiting from strong AI-driven demand, with silicon-photonics revenue tripling and robust wafer commitments enhancing earnings visibility. However, its valuation is high, trading at 70 times projected 2026 earnings per share ...
Conagra Brands, a major consumer staples company, has cut its dividend payout by 50% to improve financial stability and support a new growth strategy under CEO John Brase. The dividend cut lowers the payout ratio from 80% to about 50%, making the div...
SS&C Technologies is trading at a significant discount due to concerns over its high $7.3 billion net debt and refinancing risks. However, the company reported strong Q2 results with 10% adjusted revenue growth, 18% EPS growth, and a 39.5% adjusted E...
