StockNews.AI Event Insights 9/18

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Daniel from StockNews.AI
September 18, 2024

Event Insights

Market-Moving Event Alerts

Our AI analyzes company announcements in real-time before the journalists finishes reading.

👋 Hey AI, show me recent market-moving events alerts that have trading potential

🫡 Here are major event alerts and their 24-hour returns for our subscribers this week

GlobeNewsWire

BullishLongTermWBUYEarnings

Webuy Global Reports Record Revenue and 253% Increase in Gross Profit for the First Half of 2024

Webuy achieved record revenue of $28.2 million for H1 2024.
Gross profit surged by 253% due to high-margin travel services.
Net loss decreased to $2.9 million, showing effective cost-control.
Future growth expected from new products and successful sales initiatives.
The company maintains strong cash positions for expansion.

24hr change 51.96%

Full Article

Business Wire

BullishLongTermCMPEarnings

Compass Minerals Reports Preliminary Fiscal 2024 Third-Quarter Results

Compass Minerals reports preliminary Q3 2024 results with $202.9 million revenue.
Salt segment showed strong performance with $160.6 million revenue and EBITDA margins at 25.9%.
Despite operational success, the company faced accounting misstatements affecting past quarters.
Plant Nutrition segment had a preliminary operating loss of $1.4 million in Q3.
Management emphasizes commitment to operational excellence and cash generation improvements.

24hr change 18.57%

Full Article

Business Wire

BearishShortTermZGNEarnings

Ermenegildo Zegna Group Reports First Half 2024 Revenues of €960 Million With Profit at €31 Million and Adjusted EBIT at €81 Million

H1 2024 profit decreased to €31.3 million vs €52.1 million in H1 2023.
Adjusted EBIT fell to €80.9 million, 32.5% decrease YoY.
Marketing expenses rose to 7.0% of revenues, indicating increased investment.
TOM FORD FASHION revenue surged 132.0% YoY, but adjusted EBIT was negative.
Thom Browne revenue declined 19.4%, impacting segment performance.

24hr change -8.77%

Full Article

PRNewsWire

BullishLongTermAIOTM&A

Powerfleet Announces Strategic Acquisition of Fleet Complete

Powerfleet acquires Fleet Complete for $200 million, enhancing SaaS revenue stream.
Expected total revenue exceeds $400 million, with $300 million in recurring SaaS.
The acquisition strengthens North American and international market presence.
Combined entity will support over 2.6 million subscribers across six continents.
Transaction projected to close on October 1, 2024, enhancing growth potential.

24hr change 8.21%

Full Article

PRNewsWire

BullishShortTermSVMShares Buyback

Silvercorp Renews Share Repurchase Program

Silvercorp Metals announces NCIB to buy back 8.67 million shares.
The NCIB allows flexibility if shares are undervalued.
Previous NCIB (2023) allowed repurchase of 8.49 million shares.
Repurchased shares will be canceled, possibly impacting share price.
SVM focuses on generating free cash flow and ESG commitments.

24 hr change 6.08%

Full Article

PRNewsWire

BullishLongTermATUSM&A

Rachel Stack, CFO of Lightpath, to Speak at TMT M&A Forum USA 2024 on Fiber Industry Consolidation

Lightpath CFO Rachel Stack joins TMT M&A Forum to discuss industry consolidation.
Panel focuses on fiber operators' strategies ahead of anticipated 2025 mergers.
Event will discuss investment trends and digital infrastructure market shifts.
Lightpath, co-owned by Altice USA, revolutionizes connectivity solutions.
Expert insights likely to influence future M&A strategies and investor interests.

24hr change 5.18%

Full Article

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