Take-Two Interactive Software (TTWO) shot higher after reporting earnings recently. TTWO fiscal first quarter revenue came in at $831.3 million, growing 54% year-over-year, and representing record Q1 revenue for the video game maker. TTWO said “recurrent consumer spending”, which is made up of in-game purchases of items, add-ons, and virtual currency used in its games, […]
Author: Steven Adams
SWK Stock Price Reacts to Report Showing Earnings Down, and a Cautious Outlook
Stanley Black & Decker (SWK) has reported lower earnings the company says are the result of the COVID-19 impact this quarter. SWK saw revenue decrease 16% year-over-year to $3.1 billion in the second quarter. The company was able to maintain operating margins, which, excluding charges, were 12.8%, basically flat from last year. Earnings per share […]
KODK Stock Price Triples on Announcement of $765 Million Loan to Produce Pharmaceuticals
Eastman Kodak (KODK) surprised weary longtime investors this week with a deal from the government that sent the shares of the iconic film processor skyward. The company reported it had received a loan from the U.S. International Development Finance Corporation (IDF) of $765 million to finance the production of generic drug ingredients. The loan was […]
MSI Develops SaferWatch Systems for Education Facilities as Calls Grow to Remove Police from Schools
With two current themes impacting school safety, one the COVID-19 pandemic and a call in some school districts to remove police officers from schools, Motorola Solutions (MSI) is working to improve school safety. MSI has teamed with SaferWatch to implement a security system that provides schools with a “mobile panic button” that can be used […]
OMI Stock Price Jumps on Raised Income Projections
Owens & Minor (OMI) had been flying under Wall Street’s radar until it preannounced earnings this week. The medical supplies provider told the market it is essentially doubling its previous adjusted net income guidance. OMI raised projections for net income from $0.50 to $0.60 for the year to between $1.00 and $1.20. OMI said it […]
VXRT Stock Price Jumps on COVID-19 Operation Warp Speed Announcement
Vaxart, Inc. (VXRT) has moved substantially higher recently based on high hopes for the company’s COVID-19 vaccine. VXRT was chosen by the U.S. government for inclusion in Operation Warp Speed (OWS), the government’s national program with a goal of providing safe and effective vaccine doses by January of 2021. VXRT is one of a number […]
RSG Allocates $20 Million to Help Feed and Supply Frontline Workers
Republic Services (RSG) has upped its investment in its “Committed to Serve” initiative announced by the company just after business closures forced by COVID-19. In mid-April RSG promised to put $20 million toward the initiative, providing meals and gift cards to frontline employees. Funds were to be spent in local businesses that could provide meals, […]
SOLO Looks to Become a Force in the Challenging U.S. Market
ElectraMeccannica Vehicles Corporation (SOLO) has risen rapidly even as the company recently sought to raise $20 million in a public offering at $2. SOLO was trading as low as $1 in May, and in the last few days has touched $6. After underwriting discounts and commissions, the individual electric vehicle manufacturer pocketed $18.65 million. SOLO […]
SAH Seeing Traffic Above Pre-Pandemic Levels in Some Locations
Sonic Automotive (SAH) recently updated investors with information on the return of customers after the COVID-19 shutdown. The company previously announced that it would be working to reduce costs during the pandemic, to address cash flow needs. On the cost reduction front, management reported SAH has now cut $7 million in expenses per month, and […]
HUM Subsidiary Announces Expansion Plans to Launch 20 More Care Facilities
Humana (HUM) subsidiary, Partners in Primary Care, has embarked on a major expansion that will roll out over three years, and includes bringing online 20 additional care facilities in the first year. Commenting on the expansion plans, was Renee Buckingham, Humana Care Delivery Organization president, “We’re thrilled to see the communities we serve continue to […]