In a recent announcement, Insignia Financial reported its half-year net earnings, revealing an increase in guidance for fiscal 2024. Positive Market Response Following the news, the Australian wealth-management company saw a significant boost in its shares, with a 13% increase to 2.56 Australian dollars (US$1.68) during morning trading on Thursday. Hitting a high of A$2.63 … [Read more...] about Insignia Financial’s Improved Guidance Sparks Share Surge
Guidance
Ciena Stock Lower Guidance Impact
Ciena's stock took a nosedive after the company revised its full-year guidance due to challenges caused by high inventory levels at telecom service providers. Industry-wide Impact Similar issues are impacting other key players in the sector, including Cisco Systems and Hewlett Packard Enterprise. The company's shares dropped by 14.9% to $52.75 during recent trading on … [Read more...] about Ciena Stock Lower Guidance Impact
Livent Corp. Misses Expectations and Lowers Guidance for the Year
Shares of Livent Corp. (NYSE: LTHM) experienced a significant drop of more than 4% in the extended session on Tuesday following the release of their third-quarter results. The lithium-ore mining company failed to meet Wall Street expectations and subsequently lowered its guidance for the year. In the third quarter, Livent reported earnings of $87.4 million, or 42 cents per … [Read more...] about Livent Corp. Misses Expectations and Lowers Guidance for the Year
T-Mobile Shares Slip After Mixed Q2 Results
T-Mobile shares are taking a hit as the mobile carrier announces its second-quarter results. While profits exceeded expectations, revenue fell short. Q2 Numbers T-Mobile reported revenue of $19.2 billion for the June quarter, a 2.6% decrease compared to the same period last year. Although slightly below the Wall Street consensus forecast of $19.3 billion, the company's profits … [Read more...] about T-Mobile Shares Slip After Mixed Q2 Results
