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Associated Press
03-07-2025
- Business
- Associated Press
Cencora Announces Date and Time for Third Quarter Fiscal 2025 Earnings Release
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Jul 3, 2025-- Cencora, Inc. (NYSE: COR) today announced that it plans to release its results for the Third Quarter of Fiscal 2025 on Wednesday, August 6, 2025, prior to the opening of trading on the New York Stock Exchange. The Company will host a conference call to discuss the results at 8:30 a.m. ET on August 6, 2025. Participating in the conference call will be: Robert P. Mauch, President & Chief Executive Officer James F. Cleary, Executive Vice President & Chief Financial Officer The live call will be webcast via the Company's website at Users are encouraged to log on to the webcast approximately 10 minutes in advance of the scheduled start time of the call. To access the call via telephone from within the United States and Canada, dial +1 (833) 470-1428. From outside the United States and Canada, dial +1 (404) 975-4839. The access code for the call will be 015103. Replays of the call will be made available via telephone and webcast. A replay of the webcast will be posted on approximately one hour after the completion of the call and will remain available for one year. The telephonic replay will also be available approximately one hour after the completion of the call and will remain available for 7 days. To access the telephonic replay from within the United States and Canada, dial +1 (866) 813-9403. From outside the United States, dial +1 (929) 458-6194. The access code for the replay is 676245. Please check the website for updates regarding the timing of the live webcasts and for replay information. About Cencora Cencora is a leading global pharmaceutical solutions organization centered on improving the lives of people and animals around the world. Cencora partners with pharmaceutical innovators across the value chain to facilitate and optimize market access to therapies. Care providers depend on Cencora for the secure, reliable delivery of pharmaceuticals, healthcare products, and solutions. Cencora's 51,000+ worldwide team members contribute to positive health outcomes through the power of Cencora's purpose: Cencora is united in its responsibility to create healthier futures. Cencora is ranked #10 on the Fortune 500 and #18 on the Global Fortune 500 with more than $290 billion in annual revenue. Learn more at View source version on CONTACT: Bennett S. Murphy Senior Vice President, Head of Investor Relations and Treasury [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: HEALTH OTHER HEALTH OTHER SCIENCE RESEARCH SCIENCE PHARMACEUTICAL VETERINARY SOURCE: Cencora Copyright Business Wire 2025. PUB: 07/03/2025 07:30 AM/DISC: 07/03/2025 07:31 AM
Globe and Mail
14-06-2025
- Business
- Globe and Mail
Is General Mills Stock Underperforming the Dow?
Minneapolis, Minnesota-based General Mills, Inc. (GIS) is a global manufacturer and marketer of branded consumer foods sold through retail stores. With a market cap of $30.2 billion, the company operates through North America Retail, International, Pet, and North America Foodservice segments. Companies worth $10 billion or more are typically referred to as "large-cap stocks." GIS fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the packaged foods industry. The company benefits from its vast offerings of ready-to-eat cereals, convenient meals, snacks, and more. The company touched its 52-week high of $75.90 on Sept. 10 last year and has fallen 28.2% from that peak. In the past three months, GIS stock has declined 16.5%, underperforming the Dow Jones Industrial Average's ($DOWI) 2.3% uptick during the same time frame. The stock's performance looks grim over the longer term as well. GIS stock has fallen 18.5% over the past 52 weeks and 14.5% on a YTD basis, underperforming Dow's 10.3% gains over the past year and a marginal rise in 2025. To confirm its recent downturn, GIS has been trading below its 200-day moving average since early November 2024 and below its 50-day moving average since early October 2024, with some fluctuations. On Mar. 19, GIS shares plunged 2.1% following the release of its mixed Q3 results. The company's net sales decreased 5% year-over-year to $4.8 billion, caused by higher-than-expected retailer inventory reductions and a slowdown in the snacking segment, and missed the Street's estimates. Its adjusted operating profit also declined 13% from the previous year's quarter to $801 million, caused by a 140 basis point drop in its adjusted operating margin to 16.5%. Moreover, GIS' adjusted EPS declined 15% year-over-year to $1.00 but successfully surpassed the consensus estimates by 5.3%. Its peer, The Kraft Heinz Company (KHC), has declined 13.4% in 2025 and 20.8% over the past year, lagging behind the stock. Among the 20 analysts covering the GIS stock, the consensus rating is a ' Hold.' Its mean price target of $60.95 suggests a robust 11.8% upside potential from current price levels.
Yahoo
24-05-2025
- Business
- Yahoo
Intuit price target raised to $770 from $660 at JPMorgan
JPMorgan raised the firm's price target on Intuit (INTU) to $770 from $660 and keeps an Overweight rating on the shares. The company's fiscal Q3 results came in well ahead of estimates, driven by outsized TurboTax and Credit Karma beats, the analyst tells investors in a research note. The firm says its 'enthusiasm remains highest' for the QuickBooks franchise and its upmarket momentum, noting the segment remains a 'durable on-track high-growth phenomenon at scale.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on INTU: Disclaimer & DisclosureReport an Issue Intuit price target raised to $815 from $775 at Barclays Intuit Inc. Reports Strong Q3 Results and Raises Guidance Closing Bell Movers: Deckers falls 15% on weak guidance; Nuclear names rally INTU Earnings: Intuit Stock Jumps as Financial Results Beat Wall Street Targets Intuit Declares Cash Dividend of $1.04 Per Share Sign in to access your portfolio
Globe and Mail
15-05-2025
- Business
- Globe and Mail
Moving iMage Technologies Reports Revenue of $3.57M, Improved Q3 Gross Profit and Reduced Net Loss; Net Cash Steady at $5.4M at Quarter End
Fountain Valley, California--(Newsfile Corp. - May 15, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ), a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, Esports, stadiums and arenas, announced results for its third quarter ended March 31, 2025 (Q3'25) and will hold an investor call today at 11am ET (see call details below). Q3'25 Highlights Q3'25 revenue declined 8.2% to $3.571M vs. $3.890M in Q3'24, principally due to customer delays in the commencement of several projects that are now expected later in Q4'25 or FY 2026. Q3'25 gross profit dollars increased $387K to $1.063M vs. $676K in Q3'24, reflecting the benefit of a focus on higher margin project and product opportunities as well as the impact of lower margin cinema facilities equipment sales and certain inventory reserves in Q3'24. Q3'25 gross margin percentage increased to 29.8% vs. 17.4% in Q3'24 due to the absence of lower margin cinema facilities equipment revenue in Q3'24. Q3'25 operating loss improved to ($270K) vs. ($649K) in Q3'24, principally reflecting the gross margin improvement. Q3'25 net loss improved to ($240K), or ($0.02) per share, vs. ($601K) or ($0.06) per share, in Q3'24. Net cash steady at $5.4M, or approximately $0.54 per common share, and there was no long-term debt as of 3/31/25. Moving Image Chairman and CEO, Phil Rafnson, commented, "In the face of business and economic uncertainties impacting our customers' near-term spending decisions, we remain focused on building our project pipeline with new and existing customers while also working to reduce expenses, focus on higher margin opportunities and preserving our cash position. Despite these transitory impacts, we remain confident in the substantial longer term business potential of the cinema technology refresh cycle involving the replacement of thousands of legacy cinema projectors and sound systems with state-of-the-art laser projectors and updated sound systems over the next few years." President and COO, Francois Godfrey, added, "Ongoing customer dialogues confirm the need, customer experience and operating cost benefits of new laser projection systems. Further, our team's long-term experience, strong reputation and unrivaled ability to design and execute projects in any entertainment environment positions us well to earn a significant share of this activity. A perfect example was the decision to select Moving iMage to design and implement a state-of-the-art, seven-screen theater complex at Cannon Beach in Arizona. We expect installation work to commence early in fiscal 2026 and are very proud to play a defining role in this unique, complex and high-profile project with outstanding business partners." "We came away from CinemaCon in late April with new relationships, opportunities and ideas to maximize efficiencies and are proud to repeatedly overdeliver on client needs from coast to coast. Recent new business wins include a $9M projector technology refresh contract spread over three years for an important long-term exhibition customer, the Cannon Beach project mentioned by Phil, and several other pending turnkey cinema deployments. "While current economic uncertainties are slowing the pace of projects and customer decision making, we have built a base of $8M to $9M in largely recurring annual revenue, a solid pipeline of contracted projects and a significant number of opportunities in development, most of which we expect in fiscal 2026 or future years. We are focused on the things that we can control, principally our overhead, product and service margins and pace of investment, to ensure that we remain well positioned to pursue growth opportunities and make progress on our goal to move the business to positive cash flow and profitability. "We currently expect Q4'25 revenue of approximately $5.2M, as a result of some larger FY 2025 projects getting pushed into FY 2026, and solid progress in the reduction of our net loss on a sequential and year-over-year basis. Looking into FY 2026, while we are encouraged by the recent box office gains, we look forward to our customers updating their auditoriums with higher image quality and lower total cost of ownership of new cinema systems." Conference Call Details Dial-in Number: 1-877-407-4018 Toll/International Number: 1-201-689-8471 Call me™: Participants can use Guest dial-in numbers above and be answered by an operator OR click the Call me™ Link for instant telephone access to the event. Call me™ link will be made active 15 minutes prior to scheduled start time. Transcript: Posted online here 48 hours after the event Questions can be submitted in advance via Email to: mitq@ Telephone Replay Access ID: 13753795 Replay Dial-In: 1-844-512-2921 or 1-412-317-6671 Replay Expiration: Thursday May 29, 2025 at 11:59 p.m. ET Forward-Looking Statements All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements. About Moving iMage Technologies ( With a focus on innovation, service, and quality, Moving iMage Technologies ("MiT") is a trusted partner in delivering state-of-the-art out-of-home entertainment environments. Founded in 2003, MiT provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces. MiT manufactures a broad line of digital cinema peripherals in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms. It also distributes and integrates cinema equipment from Barco, Sharp (NEC) Digital Cinema, Christie Digital, LEA Professional, Dolby, GDC, JBL/Crown, LG, Meyer Sound, Q-SYS, QSC, Samsung and others. MiT's Caddy Products division designs and sells cupholders, concession trays, and venue accessories that enhance concession sales and improve the guest experience. MOVING IMAGE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands except share and per share amounts) March 31, June 30, 2025 2024 (unaudited) Assets Current Assets: Cash $ 5,369 $ 5,278 Accounts receivable, net 940 1,048 Inventories, net 3,065 3,117 Prepaid expenses and other 241 470 Total Current Assets 9,615 9,913 Long-Term Assets: Right-of-use asset 1,142 144 Property and equipment, net 18 28 Intangibles, net 378 422 Other assets 15 16 Total Long-Term Assets 1,553 610 Total Assets $ 11,168 $ 10,523 Liabilities And Stockholders' Equity Current Liabilities: Accounts payable $ 2,745 $ 2,261 Accrued expenses 351 320 Customer refunds 288 399 Customer deposits 1,534 1,651 Lease liability-current 219 151 Unearned warranty revenue 53 31 Total Current Liabilities 5,190 4,813 Long-Term Liabilities: Lease liability-non-current 979 - Total Long-Term Liabilities 979 - Total Liabilities 6,169 4,813 Stockholders' Equity Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,933,679 and 9,896,850 shares issued and outstanding at March 31, 2025 and June 30, 2024, respectively - - Additional paid-in capital 12,047 11,965 Accumulated deficit (7,048) (6,255) Total Stockholders' Equity 4,999 5,710 Total Liabilities and Stockholders' Equity $ 11,168 $ 10,523 The accompanying notes are an integral part of these condensed consolidated financial statements. MOVING IMAGE TECHNOLOGIES, INC. (in thousands except share and per share amounts) (unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Net sales $ 3,571 $ 3,890 $ 12,264 $ 13,790 Cost of goods sold 2,508 3,214 8,894 10,536 Gross profit 1,063 676 3,370 3,254 Operating expenses: Research and development 49 73 157 212 Selling and marketing 429 547 1,421 1,717 General and administrative 855 705 2,691 2,421 Total operating expenses 1,333 1,325 4,269 4,350 Operating (loss) (270) (649) (899) (1,096) Other income (expense) Interest and other income, net 30 48 107 140 Total other income 30 48 107 140 Net (loss) $ (240) $ (601) $ (792) $ (956) Weighted average shares outstanding: basic and diluted 9,911,015 10,436,519 9,901,554 10,593,229 Net (loss) income per common share basic and diluted $ (0.02) $ (0.06) $ (0.08) $ (0.09) The accompanying notes are an integral part of these condensed consolidated financial statements. Nine Months Ended March 31 2025 2024 Cash flows from operating activities: Net (loss) $ (792) $ (956) Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities: Provision for credit losses 59 (52) Inventory reserve 277 433 Depreciation expense 10 9 Amortization expense 44 43 Right-of-use amortization 197 201 Stock option compensation expense 59 15 Stock issued for director expenses 23 13 Changes in operating assets and liabilities Accounts receivable 50 67 Inventories (226) (234) Prepaid expenses and other 230 (487) Accounts payable 484 (50) Accrued expenses and customer refunds (81) 129 Unearned warranty revenue 22 26 Customer deposits (117) 726 Lease liabilities (148) (207) Net cash provided by (used in) operating activities 91 (324) Cash flows from investing activities Purchases of property and equipment - (12) Net cash (used in) investing activities - (12) Cash flows from financing activities Stock Buyback - (334) Net cash (used in) financing activities - (334) Net increase (decrease) in cash 91 (670) Cash, beginning of the period 5,278 6,616 Cash, end of the period $ 5,369 $ 5,946 Non-cash investing and financing activities: Right-of-use assets from new lease $ (207) $ - Right-of-use assets from lease modification $ (988) $ - The accompanying notes are an integral part of these condensed consolidated financial statements.
