Ibotta (IBTA) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-14 22:10
Ibotta (IBTA) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this digital company that offers consumers rewards and rebates would post earnings of $2.02 per share when it actually produced earnings of $2.27, delivering a surprise of 12.38%.Ov ...
Kirby McInerney LLP Announces Investigation of Claims Against EchoStar Corporation (SATS) on Behalf of Investors
GlobeNewswire News Room· 2025-05-14 22:00
Core Points - Kirby McInerney LLP is investigating potential claims against EchoStar Corporation regarding possible violations of federal securities laws and unlawful business practices [1] - The Federal Communications Commission is investigating EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a significant decline in EchoStar's share price [3] Investigation Details - The investigation by Kirby McInerney LLP focuses on whether EchoStar and its officers have engaged in unlawful business practices [1] - Shareholders who have purchased EchoStar securities are encouraged to contact the law firm for more information regarding their rights [4] Market Reaction - Following the news of the FCC investigation, EchoStar's stock price fell by $4.01, approximately 16%, from $24.19 on May 9, 2025, to $20.18 on May 12, 2025 [3]
Kirby McInerney LLP Announces Investigation of Claims Against EchoStar Corporation (SATS) on Behalf of Investors
Newsfilter· 2025-05-14 22:00
Core Viewpoint - EchoStar Corporation is under investigation by Kirby McInerney LLP for potential violations of federal securities laws and unlawful business practices [1][3] Investigation Details - The investigation was prompted by a report from The Wall Street Journal on May 12, 2025, indicating that the Federal Communications Commission (FCC) is looking into EchoStar's compliance with federal requirements for building a nationwide 5G network [3] - Following the news of the investigation, EchoStar's stock price fell by $4.01, representing a decline of approximately 16%, from $24.19 on May 9, 2025, to $20.18 on May 12, 2025 [3] Legal Firm Background - Kirby McInerney LLP is a New York-based law firm specializing in securities, antitrust, whistleblower, and consumer litigation, with a history of achieving recoveries totaling billions of dollars for shareholders in securities litigation [6]
Bombardier Announces Pricing of its New Issuance of Senior Notes due 2033
GlobeNewswire· 2025-05-14 22:00
Core Viewpoint - Bombardier Inc. has successfully priced a US$500 million offering of new Senior Notes with a 6.750% annual coupon, set to close around May 29, 2025 [1][2]. Group 1: Offering Details - The new Senior Notes will be due on June 15, 2033 and will be sold at par [1]. - The proceeds from the offering will be used to repay outstanding indebtedness, including the redemption of US$500 million of existing 7.875% Senior Notes due 2027 [2]. - As of the announcement date, there is US$683,142,000 outstanding of the 2027 Notes [2]. Group 2: Conditions and Risks - The completion of the offering and the redemption of the 2027 Notes are subject to market conditions and other factors [3]. - There is no assurance that Bombardier will successfully complete these transactions as described [3]. Group 3: Regulatory Information - The New Notes have not been registered under the U.S. Securities Act and may only be offered to qualified institutional buyers [5]. - In Canada, the New Notes will be offered on a private placement basis to accredited investors [5].
Bombardier Announces Conditional Notice of Partial Redemption for US$500,000,000 of its 7.875% Senior Notes due 2027
GlobeNewswire· 2025-05-14 22:00
Core Points - Bombardier Inc. announced a conditional notice of partial redemption for US$500 million of its outstanding 7.875% Senior Notes due 2027, with a redemption date set for June 13, 2025 [1] - The redemption price will be 100% of the principal amount redeemed, plus accrued and unpaid interest, contingent upon Bombardier completing a new offering of debt securities of at least US$500 million before the redemption date [1] - The conditional notice of redemption was issued to record holders on May 14, 2025, and payment will be processed through the Depository Trust Company [2] Financial Details - The total amount of the 2027 Notes being redeemed is US$500 million [1] - The interest rate on the 2027 Notes is 7.875% [1] - The redemption price is set at 100% of the principal amount plus accrued interest [1] Redemption Process - The redemption will occur on June 13, 2025, and will follow the procedures of the Depository Trust Company [2] - Deutsche Bank Trust Company Americas is designated as the paying agent for this redemption [2]
Questerre reports first quarter 2025 results
GlobeNewswire· 2025-05-14 22:00
Core Viewpoint - Questerre Energy Corporation reported its financial and operational results for Q1 2025, highlighting increased production and ongoing efforts to secure energy supplies in Canada amid changing trade policies [1][2][3]. Financial Performance - Production volumes increased to 1,729 boe/d in Q1 2025 from 1,664 boe/d in the same period last year [3]. - Petroleum and natural gas revenue remained stable at $9.1 million compared to $9.0 million in Q1 2024 [3]. - The company reported no net income for the quarter, compared to a loss of $0.2 million in the previous year [3]. - Cash flow from operations was $3.4 million, up from $2.6 million in 2024, while adjusted funds flow from operations was $3.5 million compared to $3 million in 2024 [3][15]. Capital Expenditures and Working Capital - Questerre incurred capital expenditures of $17.9 million in Q1 2025, significantly higher than $2.6 million in the same quarter of 2024 [4]. - The company reported a working capital surplus of $9.2 million as of March 31, 2025, down from $30.2 million in 2024 [4]. Production and Operations - Three wells at Kakwa North were completed, contributing to an average daily production of over 3,500 boe per day since early April [2]. - The company plans to participate in a follow-up program involving three additional wells, which could commence in the fall [2]. Strategic Focus - The company emphasizes the importance of securing energy supplies and diversifying markets in Canada, particularly in Quebec, where energy imports account for nearly half of total demand [2]. - Questerre aims to leverage its expertise in energy technology and innovation to transition its energy portfolio responsibly [5][6].
Porch Group: The Inflection Is Real, And I'm Staying Long
Seeking Alpha· 2025-05-14 21:56
Group 1 - Porch Group, Inc. has transitioned from a tech company focused on home services to a data-driven platform emphasizing insurance, software, and consumer engagement [1] - The company's current strategy prioritizes margin-focused operations rather than service provision [1] Group 2 - The analysis primarily targets small- to mid-cap companies, which are often overlooked by investors, while also occasionally reviewing large-cap companies for a broader market perspective [1]
Royal Caribbean Group announces upsizing and extension of revolving credit facilities
Prnewswire· 2025-05-14 21:47
Core Points - Royal Caribbean Group has amended and increased its two unsecured revolving credit facilities by $2.28 billion, raising the total commitments to $6.35 billion [1] - The maturity of the three-year facility has been extended from October 2026 to October 2030, while the other facility matures in October 2028 [1] - The CFO highlighted that this upsizing reflects the strength of the company's credit profile and the support from lending partners, enhancing financial flexibility for strategic growth initiatives [2] Company Overview - Royal Caribbean Group is a leader in the vacation industry with a global fleet of 67 ships across five brands, serving millions of guests annually [2] - The company operates brands including Royal Caribbean, Celebrity Cruises, and Silversea, and is expanding its land-based vacation experiences [2] - Royal Caribbean Group also holds a 50% joint venture interest in TUI Cruises, which operates German brands Mein Schiff and Hapag-Lloyd Cruises [2]
Tudor Gold Announces $10 Million Financing with Participation by Eric Sprott
Newsfile· 2025-05-14 21:46
Core Viewpoint - Tudor Gold Corp. has announced a financing agreement to raise approximately $10 million through a best efforts offering of securities, with participation from notable investor Eric Sprott [2][3]. Financing Details - The financing will consist of a combination of non-flow-through units (NFT Units) priced at $0.50, flow-through units (FT Units) priced at $0.60, and charity flow-through units (Charity FT Units) priced at $0.75 [7][9]. - Each NFT Unit will include one common share and one-half of a warrant, while each FT Unit and Charity FT Unit will consist of one common share and one-half of a warrant [7][9]. - The offering is expected to close around May 29, 2025, subject to necessary approvals [5]. Use of Proceeds - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes [6]. - The gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek flagship property in British Columbia [8][9]. Agent and Fees - Research Capital Corporation is acting as the lead agent for the offering, with an option to sell an additional 15% of the offered securities [4][12]. - The agents will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of offered securities sold [12]. Company Background - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, which is known for its significant mineral deposits [14]. - The company holds a 60% interest in the Treaty Creek project, which is strategically located near other major mining properties [14].
Finning Reports on Voting Results from its Annual Meeting of Shareholders
GlobeNewswire· 2025-05-14 21:44
Core Points - Finning International Inc. held its Annual Meeting of Shareholders on May 13, 2025, in Vancouver, British Columbia [1] - A total of 97,159,486 common shares were represented, accounting for 72.07% of the outstanding shares [2] - Shareholders approved all items of business, including the appointment of auditors and the election of directors [2] Voting Results - Mary Lou Kelley received 95,473,788 votes for (99.03%) and 930,728 votes against (0.97%) [2] - Andrés Kuhlmann received 96,358,839 votes for (99.95%) and 45,677 votes against (0.05%) [2] - Kevin Parkes received 96,302,994 votes for (99.89%) and 101,522 votes against (0.11%) [2] - Michael C. Putnam received 96,365,315 votes for (99.96%) and 39,201 votes against (0.04%) [2] - John R. Rhind received 96,363,520 votes for (99.96%) and 40,996 votes against (0.04%) [2] - Charles F. Ruigrok received 94,720,220 votes for (98.25%) and 1,684,295 votes against (1.75%) [2] - Edward R. Seraphim received 95,908,731 votes for (99.49%) and 495,785 votes against (0.51%) [2] - Manjit K. Sharma received 96,141,669 votes for (99.73%) and 262,846 votes against (0.27%) [2] - Nancy G. Tower received 95,205,012 votes for (98.76%) and 1,199,503 votes against (1.24%) [2] Company Overview - Finning International is the largest Caterpillar dealer globally, providing services for over 90 years [3] - The company is headquartered in Surrey, British Columbia, and operates in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland [3]