FROM YAHOO NEWS Latest news, live updates as 2024 election results loom OTC Markets OTCPK - Delayed Quote ? USD Malayan Banking Berhad (MLYNF) Follow Compare 1.9900 0.0000 (0.00%) At close: November 4 at 3:00 PM EST Related News Super Micro prelim. earnings just 'a whole lot of unknown': Analyst Super Micro Computer (SMCI) are sinking in Tuesday's extended hours session after reporting preliminary earnings results for its fiscal first quarter. Ernst & Young resigned as the server developer's auditor amid accounting concerns. Josh Lipton and Julie Hyman welcome Wedbush Securities SVP of Equity Research Matt Bryson on to talk more about the earnings print and how SMCI's stock is reacting. "With the filing side of things, it they said they've pretty much completed their their internal audit, but they can't tell us when they're going to file," Bryson says, "And then on the number side there have been some fear that their their financial issues were going to create problems with their business. And certainly it looks like revenues aren't where they wanted them to be either for the quarter." He calls the situation a "whole lot of unknown," especially as Super Micro searches for a new auditor. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 26 minutes ago SMCI Ferrari stock slides as China deliveries hit roadblock Ferrari stock slipped on Tuesday after the Italian luxury automaker reported third quarter results that were in line with expectations but deliveries that slumped compared to a year ago. Yahoo Finance ? 1 hour ago GM F RACE Cummins tops Q3 earnings estimates, includes $8.46B in revenue Cummins Inc. (CMI) shares jump. by over 8% after blowing past revenue and adjusted earnings estimates for the engine manufacturer's third quarter. Market Domination's Julie Hyman and Josh Lipton monitor the company's stock performance on this news. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 2 hours ago CMI Ferrari stock tumbles as China sales decline 22% Ferrari (RACE) stock is sinking in Tuesday's intraday session following weaker-than-expected third quarter sales figures. The luxury automaker points to slowing demand in the Chinese market as a factor weighing on results. Additionally, the company reports a 29% year-over-year decline in shipments to mainland China, Hong Kong, and Taiwan during the third quarter. Yahoo Finance autos reporter Pras Subramanian joins the Market Domination in assessing Ferrari's earnings print. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. rThis post was written by Angel Smith and updated by Luke Carberry Mogan. Yahoo Finance Video ? 4 hours ago RACE Super Micro cuts guidance; says recent probe shows no evidence of fraud Investing.com -- Super Micro Computer cut its guidance for the fiscal first and second quarter and the server equipment maker said an internal probe found no evidence of fraud from management or directors following concerns raised by its auditor. Investing.com ? 47 minutes ago SMCI Brazil's Telefonica posts 13% increase in third-quarter net profit Brazil's Telefonica reported on Tuesday a 13% increase in net profit for the third quarter compared to the same period last year. Telefonica Brasil reported a net profit of 1.67 billion reais ($290.4 million), versus analysts' expectations of a 1.57 billion real profit. WHY IT'S IMPORTANT The firm, which is controlled by Spain's Telefonica, is the largest mobile-phone service provider in Brazil by total phone lines, according to data from local telecom regulator Anatel. Reuters ? 49 minutes ago TEF VIV Super Micro Computer to Strengthen Governance, Oversight Amid Filings Dispute The server maker said it continues to work on matters related to its filings with the SEC, and now expects lower sales than it had previously guided for in its fiscal first quarter. The Wall Street Journal ? 1 hour ago SMCI Why Super Micro Computer's Stock Is Plunging After Its Business Update Tuesday Super Micro Computer shares plunged in extended trading Tuesday after the server maker said it's unable to predict when it will file its delayed annual report for 2024, exacerbating delisting worries. Investopedia ? 1 hour ago SMCI Kinross Gold Up 1.7% After Hours on Higher Third-quarter Profit and Revenue; Production Guidance Reaffirmed Kinross Gold Up 1.7% After Hours on Higher Third-quarter Profit and Revenue; Production Guidance Reaffirmed PREMIUM MT Newswires ? 1 hour ago KGCRF Super Micro Gives Tepid Sales Forecast, No Filing Schedule (Bloomberg) -- Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 16% in extended trading.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersIn Warsaw, Falling Road Deaths Signa Bloomberg ? 1 hour ago SMCI Microchip Technology forecasts quarterly results below estimates on weak automotive demand Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic uncertainty, sending its shares down about 4% in extended trading. Chipmakers that get orders from automotive and industrial customers have been struggling as these customers are clearing excess inventory, which they had built during the pandemic to avoid a supply crunch. CEO Ganesh Moorthy said the September quarter results of the company were consistent with its forecast as the customers continue to clear inventory amid a weak economy, which is intensified by its European industrial and automotive customers. Reuters ? 1 hour ago MCHP Super Micro Stock Tumbles Anew As Data Center Firm Cuts Sales Outlook Super Micro Computer stock fell late Tuesday after the data center hardware firm cut its sales targets for the September and December quarters. Investor's Business Daily ? 1 hour ago SMCI Coupang Stock Slides Despite E-Commerce Firm's Earnings Beat Coupang stock slid late Tuesday, despite the South Korean e-commerce company's Q3 earnings and sales beating estimates. Investor's Business Daily ? 1 hour ago CPNG Kinross Gold: Q3 Earnings Snapshot TORONTO (AP) — Kinross Gold Corp. KGC) on Tuesday reported third-quarter earnings of $355.3 million. The Toronto-based company said it had net income of 29 cents per share. Associated Press Finance ? 1 hour ago KGCRF Super Micro Computer Discloses Interim Quarterly Information, Says Committee Found No Evidence of Misconduct Super Micro Computer Discloses Interim Quarterly Information, Says Committee Found No Evidence of Misconduct PREMIUM MT Newswires ? 1 hour ago SMCI TMTG Reports Third Quarter 2024 Results ~ Ended Third Quarter with $673 Million in Cash/Investments and No Debt ~ ~ Activated Proprietary TV Content Delivery Network in Multiple Nodes Across the Nation ~ ~ Released Truth+ TV Streaming Apps for iOS, Android Devices and Connected TV Sets ~ ~ Exploring Further Growth Avenues Including Mergers/Acquisitions ~ SARASOTA, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, i GlobeNewswire ? 1 hour ago DJT DJTWW Kinross reports strong 2024 third-quarter results Significant margin growth and record free cash flow, $350 million debt repaymentFirst gold from Manh Choh, strong PEA results at Great BearOn track to meet annual guidance TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the third quarter ended September 30, 20241.This news release contains forward-looking information about expected future events and financial and operating performance of the Comp GlobeNewswire ? 1 hour ago KGC KGCRF Kinross declares quarterly dividend TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the third quarter of 2024. The dividend is payable on December 12, 2024, to shareholders of record as of the close of business on November 28, 2024. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (n GlobeNewswire ? 1 hour ago KGC KGCRF Super Micro Computer Reports Preliminary Fiscal Q1 Non-GAAP Earnings, Sales; Shares Slump After Hours Super Micro Computer Reports Preliminary Fiscal Q1 Non-GAAP Earnings, Sales; Shares Slump After Hours PREMIUM MT Newswires ? 1 hour ago SMCI Super Micro’s Sales Update Falls Short. The Stock Drops. Super Micro provided a worse-than-expected business update for its revenue Tuesday afternoon. Super Micro’s outlook was also weak. Super Micro shares fell as much as 13% in late trading following the release. Barrons.com ? 1 hour ago SMCI Performance Overview Trailing total returns as of 11/5/2024, which may include dividends or other distributions. Benchmark is FTSE Bursa Malaysia KLCI Return MLYNF FTSE Bursa Malaysia KLCI YTD +25.47% +11.41% 1-Year +12.86% +11.78% 3-Year +23.77% +5.84%
