logo
NVE: Fiscal Q1 Earnings Snapshot

NVE: Fiscal Q1 Earnings Snapshot

EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — NVE Corp. (NVEC) on Wednesday reported profit of $3.6 million in its fiscal first quarter.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 74 cents.
The nanotechnology company posted revenue of $6.1 million in the period.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What To Expect From Polaris's (PII) Q2 Earnings
What To Expect From Polaris's (PII) Q2 Earnings

Yahoo

time19 minutes ago

  • Yahoo

What To Expect From Polaris's (PII) Q2 Earnings

Off-Road and powersports vehicle corporation Polaris (NYSE:PII) will be reporting results this Tuesday before the bell. Here's what you need to know. Polaris beat analysts' revenue expectations by 1% last quarter, reporting revenues of $1.56 billion, down 11.4% year on year. It was a mixed quarter for the company, with a solid beat of analysts' EBITDA estimates but revenue guidance for next quarter missing analysts' expectations. Is Polaris a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Polaris's revenue to decline 13.5% year on year to $1.72 billion, a further deceleration from the 11.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Polaris has missed Wall Street's revenue estimates twice over the last two years. Looking at Polaris's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Brunswick posted flat year-on-year revenue, beating analysts' expectations by 16.4%, and Hasbro reported a revenue decline of 1.5%, topping estimates by 11.2%. Brunswick traded down 6% following the results while Hasbro was also down 3.3%. Read our full analysis of Brunswick's results here and Hasbro's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 10.3% on average over the last month. Polaris is up 23.6% during the same time and is heading into earnings with an average analyst price target of $39.82 (compared to the current share price of $50.24). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

San Francisco Chronicle​

timean hour ago

  • San Francisco Chronicle​

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

HONG KONG (AP) — A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell port assets in dozens of countries to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement that the exclusive negotiations period with the consortium has expired. However, it added 'the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,' referring to the People's Republic of China. It said they needed to change the membership of the consortium and the structure of the transaction for the deal to be able to pass reviews by 'all relevant authorities." The awkward position Hutchison found itself in for months highlights the challenges Hong Kong business elites face in navigating Beijing's expectations of national loyalty, especially when relations between China and the United States are strained. Hong Kong has overhauled its electoral system to ensure the city is run by 'patriots.' CK Hutchison is owned by the family of Hong Kong's richest man, Li Ka-shing. It announced March 4 that it would sell all its shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium that also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. In May, Hutchinson co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte, whose family reportedly has a longstanding relationship with Li's. The initial deal, valued at nearly $23 billion including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government.

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

The Hill

timean hour ago

  • The Hill

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

HONG KONG (AP) — A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell its port assets to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Beijing-backed newspaper posted scathing commentaries about the deal, with one describing it as a betrayal of all Chinese. Beijing's offices overseeing Hong Kong affairs have reposted some of these commentaries, widely seen as an indication of Chinese leaders' stance. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement that the exclusive negotiations period with the consortium has expired. However, it added 'the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,' referring to the People's Republic of China. It said they needed to change the membership of the consortium and the structure of the transaction for the deal to be able to pass reviews by 'all relevant authorities.' The awkward position Hutchison found itself in for months highlights the challenges Hong Kong business elites face in navigating Beijing's expectations of national loyalty, especially when relations between China and the United States are strained. Hong Kong has overhauled its electoral system to ensure the city is run by 'patriots.' CK Hutchison is owned by the family of Hong Kong's richest man, Li Ka-shing. It announced March 4 that it would sell all its shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium that also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. In May, Hutchinson co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte, whose family reportedly has a longstanding relationship with Li's. The initial deal, valued at nearly $23 billion including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government. The deadline for their exclusive negotiation period ended on July 27.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store