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The Latest Breaking News from Nasdaq

Recap: Performance Shipping Q1 Earnings

Performance Shipping (NASDAQ:PSHG) reported its Q1 earnings results on Wednesday, June 29, 2022 at 09:28 AM. Here's what investors need to know about the announcement.

Paychex Tops Q4 Aided By Segmental Growth; Issues Upbeat Outlook

Paychex Tops Q4 Aided By Segmental Growth; Issues Upbeat Outlook

Paychex, Inc (NASDAQ:PAYX) reported fourth-quarter FY22 revenue growth of 11% year-on-year to $1.14 billion, beating the consensus of $1.11 billion. Total service revenue grew 11% Y/Y to $1.13 billion. Segments: Management Solutions revenue grew 12% Y/Y to $845.3 million. PEO and Insurance Solutions' revenue rose 10% Y/Y to $284.3 million. The operating margin remained…

Why Patterson Companies Shares Are Surging Today

Why Patterson Companies Shares Are Surging Today

Patterson Companies Inc (NASDAQ:PDCO) reports Q4 FY22 sales of $1.64 billion, +4.9% Y/Y, beating the consensus of $1.59 billion. Dental segment sales reached $636.4 million. Internal sales increased 3.4% Y/Y, including a 0.8% decline in consumables due to the expected moderation of infection control products compared to the pandemic-related performance last year.…

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Flower One Hires Tim Shoemake As Chief Operating Officer

Flower One Holdings Inc. (OTCQX: FLOOF) (CSE:FONE) (FSE:F11) appointed Tim Shoemake as its COO.

Why Pinterest Shares Are Rising Today

Pinterest Inc (NYSE: PINS) shares are trading higher Wednesday after the company appointed former Alphabet Inc (NASDAQ: GOOG) executive Bill Ready as CEO.

Earnings Miss, Margin Pressure, CEO Exit: Bed Bath & Beyond's Q1 Highlights

Bed Bath & Beyond Inc (NASDAQ:BBBY) reported a first-quarter FY22 sales decline of 25% year-on-year to $1.46 billion, missing the consensus of $1.54 billion. Comparable sales declined 23%. Adjusted gross margin contracted 1,110 basis points to 23.8%. Adjusted EBITDA loss was $(224) million, with the adjusted EBITDA margin at (15.3)% versus 4.4% last…

Here's Why Kanzhun, Full Truck Alliance Shares Are Trading Higher Today

The app of online recruitment services company Kanzhun Ltd (NASDAQ:BZ) and two apps of the logistics platform Full Truck Alliance Co Ltd (NYSE:YMM), namely, Yunmanman and Huochebang announced the resumption of new user registrations, Reuters reports. The apps were under review by China’s cyberspace regulator. The Chinese government recently expressed support for the domestic tech industry, which had…

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CNBC's Final Trades: Wynn Resorts, FedEx, General Mills And This Relatively Unknown Stock

CNBC's Final Trades: Wynn Resorts, FedEx, General Mills And This Relatively Unknown Stock

On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners said he chose Wynn Resorts, Limited (NASDAQ: WYNN) — not because of China, but

Why Bed Bath & Beyond Stock Is Trading Lower Today

Why Bed Bath & Beyond Stock Is Trading Lower Today

Bed Bath & Beyond Inc (NASDAQ: BBBY) shares are trading lower Wednesday after the company reported worse-than-expected financial results and announced a CEO transition.

Why Trevi Therapeutics Shares Trading Higher Today?

Why Trevi Therapeutics Shares Trading Higher Today?

Trevi Therapeutics Inc (NASDAQ:TRVI) has announced positive results from its Phase 2b/3 PRISM trial of Haduvio in treating prurigo nodularis, a chronic disease characterized by severe pruritus and the presence of nodules, lesions, and excoriations. In the trial, results comparing subjects randomized to Haduvio monotherapy (n=168) or placebo (n=176) showed that 25% of…

Agenus Touts 'Unprecedented Activity' For Botensilimab/Balstilimab Combo In Colorectal Cancer

Agenus Touts 'Unprecedented Activity' For Botensilimab/Balstilimab Combo In Colorectal Cancer

Agenus Inc (NASDAQ:AGEN) has announced expanded data from the Phase 1b study of botensilimab and balstilimab in patients with microsatellite stable colorectal cancer. The data demonstrate that the combination offers strong durability and superior efficacy to what has been reported in separate trials for the standard of care and other investigational therapies. The…

This Analyst Explains Why He Sees Amazon's Cloud Unit Reaching A Valuation Of $3T

This Analyst Explains Why He Sees Amazon's Cloud Unit Reaching A Valuation Of $3T

Redburn Ltd analyst sees Amazon.com, Inc (NASDAQ: AMZN) Amazon Web Services poised for a $3 trillion value, almost triple Amazon's present worth.

MicroStrategy Acquires 480 Bitcoins For $10M Cash

MicroStrategy Acquires 480 Bitcoins For $10M Cash

MicroStrategy Inc (NASDAQ:MSTR) acquired 480 bitcoins for $10.0 million in cash between May 3 and June 28. As of June 28, MicroStrategy and its subsidiaries held 129,699 bitcoins acquired for $3.98 billion. MicroStrategy held $92.7 million in cash and equivalents as of March 31. Related: EXCLUSIVE: MicroStrategy CEO Michael Saylor Joins Benzinga Live Monday To…

Where Sunrun Stands With Analysts

Where Sunrun Stands With Analysts

Sunrun (NASDAQ:RUN) has observed the following analyst ratings within the last quarter:

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Benzinga Before The Bell: Tesla's Autopilot Layoff, TikTok Removal From App Stores, US Sanction On Russian Gold And Other Top Financial Stories Wednesday, June 29

Recap: Schnitzer Steel Industries Q3 Earnings

Schnitzer Steel Industries (NASDAQ:SCHN) reported its Q3 earnings results on Wednesday, June 29, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Bed Bath & Beyond: Q1 Earnings Insights

Bed Bath & Beyond (NASDAQ:BBBY) reported its Q1 earnings results on Wednesday, June 29, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Quotient And 3 Penny Stocks Insiders Are Buying

U.S. crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

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Byju's Eyes EdTech 2U At ~61% Premium: Bloomberg

Indian online education provider Byju's has offered to buy 2U Inc (NASDAQ:TWOU) for $15 a share in cash, valuing the edtech company at more than $1 billion, reported Bloomberg, citing a person familiar with the matter. The report noted the offer was made last week to 2U's board. The offer represents a 61% premium to…

Why This Tesla Battery Supplier Is Rethinking $1.3B Arizona Plant

Tesla, Inc. (NASDAQ: TSLA) battery supplier LG Energy Solutions is reportedly having a rethink on its strategy to construct an electric vehicle battery manufacturing plant in the U.S. state of Arizona.

Insiders Are Selling Nasdaq And 3 Other Stocks

US stock futures traded slightly lower this morning on Wednesday after recording sharp losses in the previous session. Investors, meanwhile, focused on some notable insider trades.

Recap: Patterson Companies Q4 Earnings

Patterson Companies (NASDAQ:PDCO) reported its Q4 earnings results on Wednesday, June 29, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Samsung Snaps This OLED Company Reputed For Foldable Devices For $300M

Samsung Display Co. scooped display company Cynora GmbH for $300 million, gaining technology for so-called OLED screens, Bloomberg reports. Samsung acquired Cynora’s intellectual property and technology under the deal. The Bruchsal, Germany-based company, terminated its workforce under the arrangement. Samsung was already an investor in Cynora, with LG Electronics Inc (OTC:LGEJY) and other display…

Tilray Medical Expands Portfolio Of Medical Cannabis Products In The UK

Tilray Brands, Inc.’s (NASDAQ: TLRY) (TSX:TLRY) medical cannabis division, Tilray Medical, has expanded its medical cannabis offerings in the United Kingdom.

Developers Chide Meta For Exploiting Its Dominance To Charge For Metaverse Activities

Meta Platforms, Inc (NASDAQ: META) faced the heat over its metaverse activity fees, the Financial Times

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