Myriad Genetics reports positive 2023 results, eyes growth By Investing.com

© Reuters. Myriad Genetics (NASDAQ:) has reported a positive financial outlook in their fourth quarter and full year 2023 earnings call, with an 11% increase in total revenue compared to the previous year. The company achieved positive adjusted earnings per share (EPS) and operating cash flow in Q4 and raised their revenue guidance for 2024. … Read more

Alignment Healthcare sees strong growth, targets 2025 profitability By Investing.com

© Reuters. Alignment Healthcare (ALHC) has released its fourth-quarter 2023 earnings, showing a significant revenue increase and a positive outlook for future growth and profitability. The company, a provider of Medicare Advantage plans, reported a 29% year-over-year (YoY) growth in total revenue for the quarter, reaching $465 million, with a full-year revenue of $1.82 billion, … Read more

Barclays starts Weatherford on Overweight, says company has ‘Evolved’ By Investing.com

© Reuters. On Wednesday, Barclays initiated coverage on shares of Weatherford International plc (NASDAQ:) with an Overweight rating and set a price target of $135. The company, which experienced rapid growth in the past, faced challenges that led to bankruptcy due to insufficient controls, excessive spending, and poor execution. Since its reorganization in 2019, Weatherford … Read more

MannKind reports strong quarter, plans for growth By Investing.com

© Reuters. MannKind Corporation (NASDAQ:) has reported a significant increase in revenue and net income for the fourth quarter of 2023, signaling a robust financial standing and promising prospects for the future. The company’s CEO, Michael Castagna, outlined a strategic plan for 2024, which includes the production of over 25 million doses and devices, and … Read more

Baidu shares slip after Q4 revenue miss By Investing.com

© Reuters Baidu (BIDU) shares slip after Q4 revenue miss Baidu (NASDAQ:) shares slipped more than 1.3% in premarket trading Wednesday after the Chinese internet giant reported worse-than-expected FQ4 revenue. Earnings per share (EPS) was reported at RMB21.86, topping the consensus expectations of RMB17.58. Revenue came in at RMB34.95 billion, missing the projected RMB35.14 billion. … Read more

Crypto-linked shares jump premarket as Bitcoin clears $59,000 By Investing.com

© Reuters Investing.com — Shares in cryptocurrency-related companies jumped in premarket U.S. trading on Wednesday after surpassed the $59,000 mark, extending a rally in the digital asset into a fifth consecutive day. By 05:22 ET (10:22 GMT), the price of Bitcoin had risen by 4.6% to $59,202.5, placing the world’s most popular cryptocurrency within touching distance … Read more

European stocks have room to rise

© Reuters Investing.com – It’s hardly surprising that stocks are currently taking a breather, according to Barclays, given stretched market technicals/sentiment. But overall positioning is not over-extended and bullishness is not widespread outside of Wall Street and the tech sector, suggesting there’s room for European equities to outperform.  Regional equity flows remain heavily tilted towards … Read more

Car insurance: Why should you opt for ‘Pay as You Drive’ cover?

Have you ever thought of the financial burden your vehicle insurance incurs regardless of the vehicle’s usage? What if you take your car out of the garage only once a week for a short drive. Effectively, less car usage means lower possibility of collision and therefore, leads to fewer insurance claims.  This should, ideally, incentivise the … Read more

GPT Healthcare IPO: Here’s what GMP, subscription status signal ahead of listing

GPT Healthcare IPO: The initial public offering (IPO) of hospitals chains and healthcare services provider GPT Healthcare was concluded on February 26. GPT Healthcare IPO received decent investors’ response during the bidding period from February 22 to February 26 and the issue was oversubscribed heavily. As the IPO allotment of GPT Healthcare has been finalised, … Read more