Latest news with #NasdaqMarketSite
CTV News
5 hours ago
- Business
- CTV News
PayPal lifts 2025 profit forecast above estimates as turnaround picks up pace
The PayPal logo appears on a screen at the Nasdaq MarketSite, in New York's Times Square. (AP Photo/Richard Drew, File) PayPal raised its full-year profit forecast above Wall Street estimates on Tuesday, as the digital payments giant's push to revive growth in high-margin businesses such as Venmo and U.S. checkout begins to pay off. Under CEO Alex Chriss, PayPal has shifted its focus to profitability rather than chasing top-line growth. The company is trying to regain momentum in parts of its business that lost steam after the pandemic-era e-commerce boom faded and competition intensified. PayPal's Venmo, a platform that has become virtually synonymous with peer-to-peer payments in the U.S., posted revenue growth of 20 per cent for the second quarter. The unit's total payment volume growth accelerated to its highest rate in three years. On a per-share basis, the payments firm now expects an adjusted annual profit in the range of US$5.15 to $5.30 versus its prior expectations of $4.95 to $5.10. Analysts on average had expected $5.10, according to estimates compiled by LSEG. But PayPal's shares fell 1.2 per cent before the bell after the company guided to a current-quarter profit that was in line with Street views and roughly flat from a year earlier. PayPal expects third-quarter adjusted profit in the range of $1.18 to $1.22. At the mid-point of $1.20 per share, it matches Wall Street expectations. Transaction margin dollars - the profit PayPal makes on each transaction after covering direct costs - grew seven per cent to $3.8 billion in the quarter. The increase reflects an ongoing push to drive higher-margin volumes across the company's branded checkout products and streamline costs tied to unbranded processing. Adjusted operating margins expanded 132 basis points to 19.8 per cent. Margins have been a key source of investor concern in recent years, amid fears that Big Tech rivals such as Apple Pay and Google Pay are chipping away at PayPal's market share. While the company long held a first-mover advantage in digital payments, that edge has diminished, though PayPal has previously pushed back against concerns that its market share is under pressure. Spending holds up Meanwhile, U.S. consumers have continued to spend despite a mix of economic pressures, including persistent inflation and the threat of new trade policies, easing concerns about a potentially sharp pullback in transaction volumes. Analysts say some shoppers are also buying early to avoid expected price hikes from tariffs later this year. That resilience has helped PayPal and major U.S. lenders sidestep early worries that trade tensions could weigh on spending in the second quarter, even as lower-income households show signs of strain. Total payment volume - which tracks the total value of transactions handled by the platform - increased six per cent to $443.5 billion. Adjusted profit came in at $1.40 per share in the three months ended June 30. That compares with $1.19 per share a year earlier. PayPal's second-quarter net revenue climbed 5% to $8.3 billion. (Reporting by Manya Saini in Bengaluru; Editing by Maju Samuel)
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Ollie's Bargain Outlet Holdings, Inc. Rings NASDAQ Opening Bell
HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the 'Company') today rang the Nasdaq Stock Market opening bell to celebrate the 10 th anniversary of the Company's listing on the exchange, the planned Grand Opening of its 600 th store, and expansion into its 34 th state. President and Chief Executive Officer, Eric van der Valk, and other members of the Executive Leadership Team were joined on the podium to commemorate the occasion at the Nasdaq MarketSite in New York City's Times Square. 'This is a very exciting moment for Ollie's. Today marks the 10 th anniversary of our Company's initial public offering on the Nasdaq Stock Exchange and, later this week, we will Grand Open our 600 th store in Belmont, NH, expanding into our 34 th state,' said Eric van der Valk. 'Ollie's is a special company, that was founded, built, and is operated by bargainauts, who are passionate about finding amazing deals and selling Good Stuff Cheap. I would like to thank all our team members, past and present, who have contributed to our growth and success. While we celebrate our 600 th store milestone, we are focused on the tremendous white space opportunity ahead as we accelerate growth at a time when there are so many abandoned customers, product, and real estate in the marketplace.' Mr. van der Valk continued, 'It was an honor to represent the Ollie's team and ring the Nasdaq opening bell earlier today in celebration of our 10 th anniversary as a public company and the opening of our 600 th store. We take a lot of pride in the way we operate our business. We value being a publicly traded company as it holds us to a high standard, provides financial transparency, and increases our visibility with valued business and merchandise partners.' The Nasdaq Opening Bell ringing ceremony took place today at 9:30 a.m. Eastern Time at the Nasdaq MarketSite. A video of the ceremony can be viewed at About Ollie's Ollie's is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit Investor Contact John Rouleau Managing Director of Corporate Communication & Business Development JRouleau@ Media Contact Tom Kuypers Senior Vice President – Marketing & Advertising 717-657-2300 tkuypers@
Yahoo
15-07-2025
- Business
- Yahoo
Ollie's Bargain Outlet Holdings, Inc. Rings NASDAQ Opening Bell
Celebrating its 10th Anniversary on the Exchange, Opening of its 600th Store and Expansion into its 34th State HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the 'Company') today rang the Nasdaq Stock Market opening bell to celebrate the 10th anniversary of the Company's listing on the exchange, the planned Grand Opening of its 600th store, and expansion into its 34th state. President and Chief Executive Officer, Eric van der Valk, and other members of the Executive Leadership Team were joined on the podium to commemorate the occasion at the Nasdaq MarketSite in New York City's Times Nasdaq, Vanja Savic 'This is a very exciting moment for Ollie's. Today marks the 10th anniversary of our Company's initial public offering on the Nasdaq Stock Exchange and, later this week, we will Grand Open our 600th store in Belmont, NH, expanding into our 34th state,' said Eric van der Valk. 'Ollie's is a special company, that was founded, built, and is operated by bargainauts, who are passionate about finding amazing deals and selling Good Stuff Cheap. I would like to thank all our team members, past and present, who have contributed to our growth and success. While we celebrate our 600th store milestone, we are focused on the tremendous white space opportunity ahead as we accelerate growth at a time when there are so many abandoned customers, product, and real estate in the marketplace.' Mr. van der Valk continued, 'It was an honor to represent the Ollie's team and ring the Nasdaq opening bell earlier today in celebration of our 10th anniversary as a public company and the opening of our 600th store. We take a lot of pride in the way we operate our business. We value being a publicly traded company as it holds us to a high standard, provides financial transparency, and increases our visibility with valued business and merchandise partners.' The Nasdaq Opening Bell ringing ceremony took place today at 9:30 a.m. Eastern Time at the Nasdaq MarketSite. A video of the ceremony can be viewed at About Ollie'sOllie's is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit Investor Contact John RouleauManaging Director of Corporate Communication & Business DevelopmentJRouleau@ Media Contact Tom KuypersSenior Vice President – Marketing & Advertising717-657-2300 tkuypers@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
12-07-2025
- Business
- Miami Herald
New to The Street Episode #678 to Air on Bloomberg TV Featuring Game-Changing Innovators in AI, Biotech, Blockchain, and Sustainability
Broadcast Premieres Saturday, July 12 at 6:30 PM EST on Bloomberg Television NEW YORK CITY, NY / ACCESS Newswire / July 12, 2025 / New to The Street, the leading multi-platform financial news series, announces its upcoming Bloomberg Television broadcast, airing Saturday, July 12 at 6:30 PM EST. Episode #678 showcases five transformative companies leading advancements across artificial intelligence, healthcare, sustainability, and blockchain. This dynamic lineup brings powerful insights from visionary leaders shaping the future of their respective industries. Featured Segments in Episode #678: Hapbee Technologies (OTCQB:HAPBF)NBA All-Star Jaylen Brown shares how Hapbee's groundbreaking wearable neurotech helps optimize sleep, recovery, and cognitive performance-without pharmaceuticals. The device uses proprietary low-frequency signals to emulate the effects of popular compounds, empowering users to choose how they feel, naturally and safely. Arrive AI (NASDAQ:ARAI)Live from Nasdaq MarketSite in Times Square, host Ana Berry interviews CEO Dan O'Toole and Chief Strategy Officer Neerav Shah as they unveil Arrive's secure smart mailbox technology. Phase 1 launches in healthcare and logistics; Phase 2 expands to every U.S. ZIP code. Arrive beat Amazon to the patent by four days, reinforcing its first-mover advantage in the $150B+ last-mile delivery sector. FLOKI (CRYPTO:FLOKI)Pedro Vidal, FLOKI's Community Relations Officer, discusses the explosive success of Valhalla, its play-to-earn metaverse game. As FLOKI expands across DeFi, NFTs, and blockchain gaming, its highly engaged global community cements it as one of crypto's most disruptive and culturally relevant brands. Learn more at BioVie Inc. (NASDAQ:BIVI)CEO Cuong Do and Chief Medical Officer Joseph Palumbo join Jane King to share meaningful updates on BioVie's advancement in clinical trials targeting Alzheimer's, Parkinson's, and Long COVID. BioVie is the only company to receive a federal grant to study Long COVID, and is currently enrolling patients in a 200‑person clinical trial. They also introduce Social Impact Partners, a nonprofit initiative to foster collaboration across the private, public, and government sectors in supporting Alzheimer's patients. The segment touches on promising new research around BioVie's investigational drug Bezisterim, which may reduce cellular "rust buildup"-a key contributor to aging. Initial findings suggest it could play a role in slowing the aging process. The Sustainable Green Team (OTC:SGTM)CEO Tony Raynor outlines how SGTM transforms organic landfill waste into premium garden and soil products. What began as a mulch and tree removal business is now a regenerative brand with Amazon-ready offerings and national retail ambitions. SGTM is on a mission to restore soil health across America. Learn more at This episode is presented as sponsored programming on Bloomberg Television, reaching more than 124 million households nationwide. Further distribution includes: New to The Street's YouTube channel with 3 million+ subscribersEarned media coverage across major networksIconic outdoor billboards in Times Square and major U.S. metros Sponsors for Episode #678 include MUSQ, and Arrive AI TV Commercials. Media Contact:Monica BrennanNew to The Street - Media RelationsMonica@ Watch & Learn More: SOURCE: New to The Street
Forbes
02-07-2025
- Business
- Forbes
Value Stocks Leading This Year
Though animal spirits have returned to markets, the chaos that underpinned the first half of the year lies just beneath the surface. While markets always deal with uncertainty and can often—contrary to popular belief—thrive in its midst (like the market 'climbing a wall of worry' in 2009 during the financial crisis and in 2020 during Covid), the macroeconomic smog is thicker than usual. NEW YORK, NY: Stock numbers for Apple are displayed on a screen at the Nasdaq MarketSite in Times ... More Square Tariffs or no tariffs, recession or growth, an independent Fed or one hamstrung by the executive branch, rate cuts or not, a big beautiful tax cut or out-of-control deficits: arguably, economists have their work cut out for them. In this tempest of confusion, a welcome sea-change is occurring in markets: value is finally outperforming growth. Even with the recent resurgence in speculative stocks, the Schwab US Large-Cap Value ETF (SCHV), is outperforming its growth sibling, the Schwab US Large-Cap Growth ETF (SCHG) +8.35% versus +4.34% year-to-date. Though this follows a prolonged period of value underperformance, and though small-cap value has not participated in the rally, the large-cap value outperformance is now undeniable. I would argue that value always emerges eventually. After all, value has trounced growth over the long term, even across the past century where tech revolutions have punctuated every decade. Given that the laws of economics will never be repealed, this makes perfect sense. A buyer of value stocks pays less per dollar of earnings than does a buyer of growth. Eventually, this bargain approach is vindicated by returns as rational pricing returns to markets. This is why Warren Buffett is the greatest investor of all time, eclipsing even the best growth investors. Value stocks are especially attractive against a backdrop of unpredictability, as investors are less willing to pay a premium for uncertain profits. This may explain value's comeback, or it may not. Regardless, stocks trading at a discount to their intrinsic value are likely to continue to do well over the long term. It had been a frustrating stretch for value investors, but 2025 looks to be a reward for the patient. Note: James Berman owns the SCHV in his client and personal accounts.
