Why Himax Technologies (HIMX) Stock Is Falling Today – Himax Techs…
Himax Technologies, Inc HIMX reported revenue for the first quarter of FY23 declined 40.8% year-on-year to $244.2 million, beating consensus of $226.1 million. net proceeds Down 6.9% q/q. Revenue from drivers for large displays increased 21.8% sequentially to $53 million. Notebook sales were also better than forecast due to the demand from […]
Why Fisker (FSR) Stock Is Falling Today – Fisker (NYSE:FSR)
Fisker Inc FSR Shares fell Tuesday morning after their poor performance in the first quarter. The company also reduced its production volume forecast for 2023. FSR reports Revenue for the first quarter of FY23 of $198,000 versus $12,000, missing the consensus of $14.35 million. Total operating costs and expenses decreased 1.4% to […]
Why Are Cybersecurity Stocks Falling Today – CrowdStrike Holdings…
Cybersecurity stocks, including Check Point Software Technologies Ltd CHKP, Cloudflare, Inc NETWORK CrowdStrike Holdings, Inc CRWDas the former released its mixed first quarter results today. checkpoint reported Q1 FY23 revenue grew 4% year over year to $566.2 million, missing consensus of $568.9 million. Adjusted earnings per share of $1.80 beat that Consensus of […]
Tesla CEO Elon Musk blames banking crisis for falling car sales
Tesla Inc TSLA CEO Elon Musk coupled on Sunday the ongoing banking crisis in the US as a reason for declining car sales. What happened: Musk said US citizens have a harder time getting auto loans, even if they have good credit. The CEO was responding to a Twitter user who shared US sales numbers […]
Why Packaging Corp Of America Stock Is Falling Today
Packaging Corp. from America(NYSE: PKG) shares fell Tuesday morning as first-quarter 2023 results missed the Street’s expectations. PKG reported revenue of $1.98 billion,miss the consensus of $2.08 billion. Packaging segment sales declined 8% year-over-year due to lower volumes and unfavorable pricing and blending. Paper segment revenue declined 2% year over year in the first quarter. […]
Why Perma-Fix Environmental (PESI) Stock Is Falling Today -…
Perma-Fix Environmental Services, Inc PESI Shares fell on Friday morning after it was announced that the US Department of Energy’s ITDC contract bid has been lost. PESI was advised by the Office for Environmental Management that its team had not received the Integrated Tank Disposal (ITDC) contract. PESI has concluded eight new […]
Why ViewRay (VRAY) Stock Is Falling Today – ViewRay (NASDAQ:VRAY)
ViewRay Inc VRAY Shares are down over 25% Thursday morning after cutting 2023 guidance, reflecting delayed installation plans and mounting financial pressures affecting the schedule of deliveries. The company is also evaluating strategic alternatives. VRAY said sales for Q1 of 2023 were around 23 million US dollarscompared to approximately $19 million in the […]
C3.Ai Stock Keep Falling: What’s Up? – C3.ai (NYSE:AI)
C3.Ai Inc AI Shares remain under selling pressure Wednesday following a letter from the short seller Kerrisdale Capital claims “seriously accounting problems.” Kerrisdale sent a letter to C3.Ai’s auditors alleging inflated gross margins and misclassified sales figures, adding, “Fictitious accounting has no place in the public markets.” “In our opinion, C3.ai has employed extremely aggressive […]
Why Incyte (INCY) Stock Is Falling Today – Incyte (NASDAQ:INCY)
The The FDA has issued a full response letter (CRL) to Incyte Corporation INCY Ruxolitinib prolonged-release tablets (XR), a JAK1/JAK2 inhibitor, for once-daily (QD) use in certain types of myelofibrosis (MF), polycythemia vera (PV), and graft-versus-host disease (GVHD). The full response letter states that the FDA cannot approve the application as it stands. […]
Why Titan International Stock Is Falling Today – Titan Intl (NYSE:TWI)
Titan International, Inc. TWI Shares are trading lower after the company reported worse-than-expected fourth-quarter sales results. What you should know: On Monday after market close, Titan International released its fourth quarter and full year results for the period ended December 31, 2022. The company reported quarterly earnings of $0.44 per share, meeting analyst consensus estimates. […]