Quartz
중도
산업/기업
Petco stock sinks after earnings miss despite return to positive sales growth
The pet retailer posted a net loss of $15.1 million in the first quarter, wider than a year ago, even as comparable sales rose 0.7%
산업/기업 · "NET" · 총 67건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 85,548건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,194건(4.9%)·중립 79,304건(92.7%)·부정 2,050건(2.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 13.4(중도 균형)입니다.
The pet retailer posted a net loss of $15.1 million in the first quarter, wider than a year ago, even as comparable sales rose 0.7%
Options volume is picking up in Nasdaq-listed Echostar, a $35-billion networking business based in Colorado that owns an estimated 3% of SpaceX stock.
Hindalco Indiustries, the metals arm of Aditya Birla Group, is eyeing a Rs 1,000 crore of revenue by fiscal year 2029 with the launch of its Eternia experience centre in New Delhi on Thursday.Eternia is among the fastest-growing players in the system aluminium windows segment, recording nearly 65% CAGR growth over the last three years, the company said. The revenue target would largely be driven by rapid category growth, an expanding nationwide partner network, and strengthened manufacturing capabilities.The windows and façade segment in India represents an estimated ₹40,000 crore market opportunity and remains largely unorganised, with premium segments growing at nearly 15% CAGR, Hindalco said in a regulatory filing, citing rising demand for high-performance, design-led offerings."The building and construction sector is a critical pillar of India’s growth story, and we see significant opportunity in delivering high-performance, system-driven solutions to this evolving market," said Satish Pai, Managing Director.The Eternia brand has positioned Hindalco to move up the value chain, from aluminium production to engineered building solutions. The metals major manufactures and distributes products through facilities located at Renukoot, Silvassa, Kuppam, and Alupuram.The company has also built a manufacturing hub in Bilaspur, Gurugram, spanning 120,00 sq. ft. and a capacity to produce up to 250,000 sq. ft. of windows per month. The facility, Hindalco said, is strategically located to serve the rapidly growing North Indian market and improve delivery speed and responsiveness.The Gurugram facility also houses a R&D centre for ongoing product development and testing, along with a training centre.
Are you curious about Dell Curry's net worth? Discover how rich the former NBA player really is, what his career earnings were, and his wealth breakdown.
South Korean stocks fell Thursday, snapping a three-session winning streak and retreating from record highs as investors locked in profits. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 162.08 points, or 1.84 percent, to close at 8,639.41. Trade volume was moderate at 431.77 million shares worth 46.2 trillion won ($30.2 billion), with winners slightly outnumbering losers 446 to 444. Institutions and individuals bought a net 1.81 tr
Discover Anthony Edwards' net worth of $40 million, highlighted by a $244 million Timberwolves contract and lucrative brand endorsements, including Adidas.
International brokerage firm Jefferies started coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490, implying an upside of 23% from current market levels, citing positive levers of growth. Jefferies says the company is well positioned to accelerate growth under its revamped leadership team, expanding product portfolio, wider distribution network and sharper underwriting practices. The brokerage expects the company to deliver a 33% AUM CAGR, the fastest among major NBFCs, supported by an improving loan mix, better net interest margins and lower credit costs driven by reduced slippages and a healthier portfolio mix. Analysts also forecast a sharp improvement in profitability, with RoA/RoE expected to expand to 16% by FY29 from 6% in FY26, which it believes should support the stock's premium valuation multiples. The brokerage cited the company's ongoing strategic transformation under CEO Arvind Kapil, former head of retail and mortgage banking at HDFC Bank as a positive. The brokerage highlighted the leadership overhaul, with seven of nine CXOs coming from HDFC Bank, alongside the launch of six new products including prime personal loans, commercial vehicle loans, gold loans and education loans. These new segments have already scaled to 14% of AUM within a year and are expected to contribute 34% of AUM over time. Jefferies expects the company to deliver a 33% AUM CAGR during FY26-29, supported by investments in distribution, collections, technology and AI, as well as its AAA credit rating and backing from the Adar Poonawalla Group.The brokerage expects margins to improve as the company shifts toward higher-yielding products. After contracting by 250 basis points over the past two years due to the run-down of its legacy personal loan portfolio, NIMs are projected to expand by around 70 basis points over FY26-29, aided by growth in products such as prime personal loans and gold loans. At the same time, Jefferies expects cost-to-AUM to improve to 3.9% by FY29 from 4.4% in FY26 on the back of operating leverage.Asset quality trends have also strengthened, with gross NPAs declining to 1.4% from 1.8% in FY25, supported by tighter underwriting and the reduction of the stressed legacy personal loan book. Jefferies noted that delinquency levels in loans originated after September 2024 are running about 50% lower than the previous 12-month cohort. It expects credit costs to moderate to 2.2% over FY26-29 from 2.7% in FY26, driven by better portfolio quality and a growing share of lower-risk products such as gold and education loans.Following a Rs 2,500 crore capital raise in April 2026, the company's Tier-1 capital ratio has risen above 19.5%, providing ample room to fund growth. Jefferies forecasts profit after tax to surge to Rs 2,900 crore by FY29 from Rs 540 crore in FY26, while return on assets and return on equity are expected to improve to 2.3% and 16%, respectively, from 1.1% and 6% in FY26. Despite trading at 2.4x FY27 estimated book value and 25x FY27 estimated earnings, the brokerage believes Poonawalla Fincorp's strong growth trajectory and improving profitability justify premium valuations and could support further re-rating if execution remains robust. Key risks include weaker-than-expected execution, margin pressure and higher credit stress.In Thursday’s session, shares of the company are down 1.5% to Rs 394 on the BSE. Poonawala Fincorp shares are down 18% in 2026. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
International brokerage firm UBS downgraded BHEL to "Neutral" from "Buy" rating, while raising its target price to Rs 460 from Rs 375, indicating a potential upside of 13.6%. In today’s session, the stock is up over 1% at Rs 411 on the BSE. UBS believes a significant portion of the company's order book expansion is already behind it and noted that competition has intensified over the last three years, with rivals such as L&T and Thermax displaying a stronger appetite for new orders. The brokerage said the stock's risk-reward profile has become more balanced after BHEL outperformed the Nifty by nearly 60% over the past 12 months. Despite the downgrade, UBS remains constructive on BHEL's long-term outlook. It expects a steady flow of orders from the thermal power and industrial segments and believes the company's multi-year revenue visibility does not warrant a "Sell" rating.The brokerage continues to hold earnings estimates above the Street's expectations and has raised its FY27 and FY28 earnings forecasts by 1-3%. It has also increased its valuation multiple to 28x from 25x, factoring in a meaningful ramp-up in execution and an improvement in gross margins. UBS further noted that the order book accumulated during FY23-FY26, when BHEL captured an estimated 75-80% market share, provides strong revenue visibility through FY30.Last month, the PSU company reported a whopping 156% surge in its consolidated net profit to Rs 1,290.50 crore for the January-March quarter of the financial year 2026. Sequentially, net profit saw a sharper rise of nearly 231% from the Rs 390.40 crore reported in the third quarter of the financial year 2026.BHEL’s revenue from operations meanwhile grew 37% YoY to Rs 12,310 crore in Q4 FY26, from Rs 8,993 crore in Q4 FY25. The company’s EBITDA more than doubled to Rs 2,005 crore during the quarter under review, from Rs 990 crore in the year-ago period.For the entire financial year 2026, BHEL saw its net profit surge 200% to Rs 1,600.26 crore, from Rs 533.90 crore in FY25. Revenue, meanwhile, grew 19% YoY to Rs 33,782 crore for the financial year, which ended on March 31, 2026.BHEL shares have risen 38% since the beginning of 2026 and about 50% in the last 1 year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Kuku Technologies Ltd, which operates vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with Sebi for an IPO to raise up to Rs 3,000 crore, according to sources. The company is planning to raise between Rs 2,500-Rs 3,500 crore and is targeting a valuation of up to Rs 15,000 crore (about USD 1.8 billion) through the proposed public issue, people familiar with the development said on Thursday. The initial public offering (IPO), expected in the later part of this financial year, will comprise a mix of fresh issue of shares and an offer-for-sale (OFS) by existing investors. Proceeds from the fresh issue will be utilised for strengthening technology and AI infrastructure, content creation and expansion into new geographies. When contacted, Kuku Technologies declined to comment on the proposed offering. Kuku's revenue surged nearly seven-fold to more than Rs 1,400 crore in FY26 from about Rs 240 crore in the previous fiscal, while the company remained close to achieving operational break-even. The company has leveraged artificial intelligence tools to accelerate content production, improve content recommendations and reduce customer acquisition costs. Founded in 2018 by IIT alumni Lal Chand Bisu, Vinod Kumar and Vikas Goyal, Kuku has built a portfolio spanning audio content, microdrama entertainment and edutainment. Its latest offering, Kuku TV, launched in late 2024, focuses on micro dramas -- short-form mobile-first video series with episodes typically lasting two to three minutes. The platform is currently releasing over 150 original shows every month and has crossed 200 million downloads. Industry estimates suggest that India's Hindi and vernacular micro-drama segment is expanding at around 60 per cent annually, driven by rising smartphone penetration and increasing consumption of short-form video content. Across its platforms, including Kuku FM, Kuku TV and Guru, the company has over 10 million active paying subscribers and more than 400 million cumulative downloads. Its content library comprises over 60,000 hours of programming across seven to eight Indian languages. The company has also initiated plans to expand into overseas markets, including the United States. Kuku has raised more than USD 150 million from investors such as Fundamentum Partnership, Krafton, Vertex Ventures, Granite Asia, International Finance Corporation (IFC), Paramark Ventures, India Quotient and 3one4 Capital. Former India cricket captain MS Dhoni is also among its investors. Kotak Mahindra Capital, Jefferies, JM Financial and Axis Capital are acting as the book-running lead managers to the issue.
As many as 16 stocks are set to turn ex-record date for dividends on Friday, effectively making today the last day for interested investors to buy the shares to be eligible for the payments.Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (June 5), making them eligible for the dividend.Reliance Industries dividendReliance Industries (RIL) is among the most notable names on the list, as the Mukesh Ambani-led company has fixed June 5 (Friday) as the record date for its final dividend of Rs 6 per share for FY26. India’s most valuable company has declared 28 dividends over the past 25 years, and its dividend yield currently stands at 0.42%, according to Trendlyne data.HDFC AMC dividendThe highest dividend among the pack will be paid by HDFC Asset Management Company. The stock will turn ex-record date on Friday for a final dividend of Rs 54 per share. Bank of Baroda has also fixed June 5 as the record date for its final dividend of Rs 8.5 per share.ICICI Prudential Life Insurance Company dividendICICI Prudential Life Insurance Company had declared a final dividend of Rs 1.65 per share for its shareholders. The record date to determine the eligibility of shareholders for the dividend has been fixed on June 5.Further, Bank of Maharashtra and BEML have also fixed Friday as the record date for their dividends of Rs 1.2 per share and Rs 2.3 per share, respectively. Cipla will turn ex-record date tomorrow for its interim dividend of Rs 13 per share.JSW Energy is also among the key names, with the stock set to go ex-record date on Friday for a final dividend of Rs 2 per share. Other companies which have fixed June 5 as the record date for their dividend payments are Archean Chemical Industries (final dividend of Rs 2.5 per share), Jagran Prakashan (special dividend of Rs 3 per share and interim dividend of Rs 7 per share), Mahickra Chemicals (interim dividend of Rs 0.15 per share), MKVentures Capital (interim dividend of Rs 0.25 per share), Ponni Sugars (final dividend of Rs 5 per share), Qgo Finance (interim dividend of Rs 0.15 per share), Spacenet Enterprises (interim dividend of Rs 0.01 per share) and Vertoz (interim dividend of Rs 0.1 per share).Take a look at all the stocks which will turn ex-record date for their dividends on June 5, making today the last day for interested investors to buy the shares and be eligible for the rewards. 131496582(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Like Palo Alto Networks before it, CrowdStrike beats financial expectations but sees its stock get punished
Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.
The CEO faces up to 20 years in prison for allegedly providing U.S. networking equipment to Iran, according to the Justice Department.
Analysts attribute the stock drop to profit-taking, the timing of AI contributions and changes to reporting conventions.
Collectibles sales surged to nearly 42% of total revenue as net income rose to $389.6 million, the highest in company history
Shares of Titagarh Rail Systems gained nearly 3% to hit the day's high of Rs 857 on the BSE on Wednesday after Wall Street major Jefferies raised the target price to Rs 990 from Rs 810, implying an upside of 19% from current market levels.With a Buy rating, the international brokerage raised the target by 23%. Jefferies said Titagarh Rail Systems delivered a stronger-than-expected quarter, and improving execution is likely to drive a re-rating of the stock going forward. The brokerage believes Titagarh is well-positioned to benefit from rising demand for passenger and metro coaches, supported by government-led infrastructure initiatives. It estimates a 44% EPS CAGR over FY26-30 and expects the company's strong order book in the passenger segment to provide healthy earnings visibility.Titagarh delivered 64 coaches in FY26, ahead of Jefferies' estimate of 60 coaches. While this fell short of the management's earlier guidance of 100-120 coaches, the shortfall was largely anticipated due to execution delays in the first half of FY26.Management has reiterated confidence in delivering 200-220 coaches in FY27, compared with Jefferies' estimate of 193 coaches, citing the resolution of initial execution challenges. On the flagship Vande Bharat project, the company expects to deliver two trains in FY27, in line with Jefferies' projections, with the prototype scheduled for supply in the December 2026 quarter.Margins in the March quarter came in significantly ahead of expectations at 19%, compared with Jefferies' estimate of 12%, supported by a sharp increase in execution of the Bengaluru Metro project, which is being executed as a job contract. Management has guided for margins of around 12% in the near term, with a gradual improvement towards 15% as the company advances up the technology value chain.Rail wagon sales declined 29% year-on-year due to supply-side constraints. While Jefferies expects wagon sales to fall a further 5% in FY27, it forecasts a largely stable trajectory over FY27-30, supported by its estimate that Indian Railways' cargo volumes could reach around 3 billion tonnes by FY35, compared with the FY30 target.The company currently has an order book of 6,500 wagons, providing visibility for about 97% of Jefferies' FY27 wagon sales estimates, although visibility beyond FY27 remains limited. Separately, Titagarh has secured 28% capital assistance for its brownfield shipbuilding expansion plans and is evaluating technology partnerships and potential joint ventures with shipyards.The brokerage noted that a recent report by Live Mint indicated Indian Railways is considering an order for 1 lakh wagons, which could significantly improve earnings visibility for wagon manufacturers. The valuation assigns 30x March 2028 estimated EPS to the core business, up from 25x previously, reflecting positive developments around potential wagon orders and the upcoming wheel joint venture, which it values at 2.5x its investment value. Key risks to the outlook include delays in wagon orders or wheel supplies from Indian Railways, as well as weaker-than-expected execution.Titagarh Rail Q4 snapshotTitagarh Rail reported a net profit for the quarter at Rs 53.96 crore, compared to a net loss of Rs 122.4 crore that the company reported last year.Titagarh Rail's revenue in the March quarter declined by 12.9% to Rs 875.4 crore from Rs 1,005.6 crore in the previous year.The company's earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4.4% to Rs 97.3 crore in the March quarter from Rs 96.56 crore last year, while margins stood at 11% from 10% last year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Forbes said in early April that SpaceX’s market debut, expected around June 12, would 'all but guarantee' Elon Musk's net worth rising above US$1 trillion.
By Peter Egwuatu Investors in Legend Internet Plc have been reassured of stronger future earnings prospects as the Company continues to expand its infrastructure, strengthen liquidity, and maintain a resilient equity base, despite weaker earnings recorded in its unaudited six-month results ended in January 2026. The broadband and digital services provider posted a negative earnings […] The post Legend Internet reassures investors of future earnings amid expansion drive appeared first on Vanguard News.
Palo Alto Networks CEO Nikesh Arora said artificial intelligence is increasing demand for cybersecurity solutions.