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Lam Research Drops 2.6% as Q1 Revenue Disappoints

Lam Research Corporation (LRCX), a U.S.-based global supplier of wafer fabrication equipment and related services to the semiconductor industry, has posted lower-than-expected revenues for the first quarter of Fiscal 2022 (ended September 26). Meanwhile, earnings during the quarter beat analysts’ expectations. Following the results, shares of the company declined 2.6% in Wednesday’s extended trading session. […]

PPG Industries Posts Strong Q3 Results; Street Says Buy

Paints, coatings and specialty materials supplier PPG Industries, Inc. (PPG) has reported better-than-expected results for the third quarter ended September 30, 2021. The robust results can be attributed mainly to the growth witnessed in net sales. Following the news, shares of the company declined 1.5% to close at $158.10 in Wednesday’s extended trading session. PPG […]

American Express, Goldman Sachs Collaborate to Develop Cloud-Based Payments Solution

American Express Co. (AXP) and the Transaction Banking (TxB) unit of Goldman Sachs Group (GS) have partnered to offer a cloud-based payments solution to large corporate clients. The solution will provide data and analytics and support multiple payment options on a single integrated platform. Shares of American Express closed 1.3% up on Wednesday before losing […]

Comerica Jumps 3.4% on Robust Q3 Results

American financial services provider Comerica, Inc. (CMA) delivered solid third-quarter results aided by strong deposit growth, robust fee income, and excellent credit quality. Following the news, shares jumped 3.4% to close at $86.93 on October 20. Comerica posted earnings of $1.90 per share, up 28.4% year-over-year and 26 cents better than analyst estimates of $1.64 […]

Tesla Slips After-Hours Despite Beating Q3 Expectations

Shares of the global electric vehicle (EV) maker Tesla, Inc. (TSLA) slipped 1.6% in the extended trading session on October 20 after the company delivered robust third-quarter earnings and revenue. Despite ongoing supply chain challenges, chip shortages, and transportation difficulties, Tesla continued to run at almost full production capacity to sustain the growing demand for […]

CGI Buys Cognicase Management Consulting

CGI Group (GIB.A), one of the world’s largest IT and business consulting firms, announced it has signed an agreement for the acquisition of Cognicase Management Consulting (CMC). CMC provides technology and management consulting services to clients in Spain, Italy, Portugal, Colombia, and Mexico. The acquisition will strengthen CGI’s presence in Spain, and its customer proximity […]

Canadian Pacific Q3 Profit Drops 20%, Misses Estimates

Canadian Pacific (CP) posted higher revenues, but lower profits, in the third quarter of 2021. The transcontinental railway profits were hit by higher fuel costs, and disappointing Canadian grain crops. Revenue came in at C$1.94 billion in the third quarter of 2021, an increase of 4.3% from C$1.86 billion last year. Revenue missed analysts estimates […]

Altcoins vs. bitcoin: What to consider while building your crypto portfolio

“Ultimately, each investor has to really decide for themselves what feels right, but broadly speaking, someone who is more conservative would want to have a fairly small portion of their portfolio in crypto,” says Shafrir. A 5% or 10% allocation could still provide sizable gains over the years, while limiting exposure to the occasional 80% […]

CN Rail Q3 Profit Surges; Shares Soar

Canadian National Railway (CNR) reported a sharp increase in third-quarter profits, thanks in part to an after-tax break fee of C$770 million it received after pulling out of a takeover bid on Kansas City Southern. The largest national railway also announced its CEO will leave in January. Revenue came in at C$3.6 billion in the […]

The Next Big Thing: The Age of Fintech, AI, and Big Data

To mark Enterprising Investor’s 10th anniversary, we have compiled retrospectives of our coverage of the most critical themes in finance and investing over the last decade. The next big thing is always elusive. When the first Enterprising Investor post with fintech in the title was published almost exactly six years ago, little did we know that artificial intelligence […]

Atea Reveals Topline Results of Phase 2 MOONSONG Trial; Shares Crash 66%

Shares of Atea Pharmaceuticals (AVIR) plunged 66% on Tuesday to close at $13.82 after the clinical-stage biopharmaceutical company provided update and topline results of the Phase 2 MOONSONG trial. Notably, the trial was evaluating AT-527 in the outpatient setting. The global Phase 2 MOONSONG trial, a randomized, double-blind, multi-center, placebo-controlled trial, was evaluating the antiviral […]

Akero Therapeutics’ NASH Treatment Gets Fast Track Designation; Shares Rise

Akero Therapeutics (AKRO) announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to its non-alcoholic steatohepatitis (NASH) treatment, efruxifermin. Following the news, shares of AKRO rose 5.7% in the extended trading session on Tuesday. The stock was trading 9.6% higher, at the time of writing, in early trade on Wednesday. […]