Shares of Paycom Software (NYSE: PAYC) surged an astonishing 27.95% on Thursday, earning it the top spot as the leading gainer on the S&P 500 that day. The cloud-based human capital management software company exceeded Wall Street expectations with its third-quarter earnings, which drove investor confidence to new heights. The HR software provider’s performance comes […]
Seagate Technology Holdings plc’s (NASDAQ: STX) stock faced a sharp decline following its Q1 FY 2025 earnings report. Despite surpassing Wall Street estimates with an EPS of $1.58—beating the forecasted $1.30—and revenue reaching $2.17 billion, above expectations of $2.13 billion, the market reacted negatively. Shares dropped by over 7% in early trading, raising questions about […]
PACS Group, Inc., a prominent player in the post-acute healthcare sector, has seen its shares nosedive by nearly 9% to $35.98 following the announcement of a massive underwritten public offering. The offering involves nearly 14 million shares of common stock, raising concerns among investors about the potential for significant dilution and a possible downward trend […]
Goldman Sachs Group Inc. is reportedly planning to cut up to 1,800 jobs, representing about 3% to 4% of its global workforce, following its annual performance review process. The job cuts, which are set to affect between 1,300 and 1,800 employees, are part of the investment bank’s routine efforts to manage costs and optimize its […]
Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288) has announced the successful subscription of a Qualified Institutional Placement (QIP) for Rs. 200 crore. This strategic move underscores Morepen’s commitment to accelerating growth, enhancing institutional participation, increasing market presence, and improving its financial position. The company aims to fortify its leadership in the field of medical devices […]
Citigroup Inc. has announced its financial results for the fourth quarter of 2023, revealing a significant net loss of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion. This marks a stark contrast to the net income of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion for the […]
Chindata Group Holdings Limited (Nasdaq: CD), a forerunner in providing carrier-neutral hyperscale data center solutions in Asia-Pacific emerging markets, has disclosed its merger agreement with BCPE Chivalry Bidco Limited and its subsidiary, valuing Chindata Group’s equity at an estimated US$3.16 billion. Enhancing Asia-Pacific’s Data Center Solutions Chindata Group stands as a pioneer in building state-of-the-art […]
Appian Capital Advisory, an investment advisor to long-term value-driven private capital funds that invest in mining companies, has announced it is selling its Brazilian battery metals-focused portfolio companies, Atlantic Nickel and Mineração Vale Verde (MVV) to ACG Acquisition Company. The transaction amounts to a cash consideration of $1 billion, along with a sale of Appian […]
Citigroup (Citi) said that its Russian subsidiary — AO Citibank has signed a deal to divest a portfolio of ruble-denominated personal installment loans to Russian commercial bank Uralsib. The financial terms of the deal were not disclosed by the American banking group. Subject to customer consent, Citi will also transfer a portfolio of ruble-denominated credit […]
Citigroup Q2 2022 results : Citigroup has reported a net income of $4.5 billion for the second quarter of 2022 (Q2 2022), a decrease of 27%, compared to $6.19 billion in the same quarter of the previous year. The American investment banking company registered earnings per share (EPS) of $2.19, which is a 23% decline […]