FROM YAHOO NEWS Latest news, live updates as 2024 election results loom NSE - Delayed Quote ? INR Sona BLW Precision Forgings Limited (SONACOMS.NS) Follow Compare 688.90 0.00 (0.00%) At close: November 5 at 3:30 PM GMT+5:30 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 ? 1 hour ago SMCI DJT reports Q3 earnings amid election, posts $19.2M net loss After trading was halted due to Election Day volatility linked to its stock, Trump Media & Technology Group (DJT, DJTWW) reported its third quarter results after Tuesday's market close. DJT posted third quarter results that revealed a net loss of $19.25 million for the quarter ending September 30. This was narrower than the $26.03 million the company reported in the year-ago period. DJT also reported revenue of $1.01 million, a slight year-over-year drop compared to the $1.07 million it reported in the third quarter of 2023. Over the past nine months ending September 30, revenue has fallen 23% compared to the prior-year period. Yahoo Finance senior media reporter Alexandra Canal parses through the latest figures from Trump Media as voters go out to vote in the 2024 presidential election. Read up on Alexandra Canal's extensive coverage on DJT's stock performance and latest earnings print. 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 ? 1 hour ago DJT DJTWW Why Celanese stock is the S&P 500's worst performer Market Domination Hosts Julie Hyman and Josh Lipton take a look at tech materials stocks after Celanese Corporation (CE) and DuPont de Nemours (DD) posted quarterly results. Celanese is the worst-performing stock of the S&P 500 (^GSPC) after the company's third quarter results missed estimates, as DuPont stock pops on its earnings beat. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 3 hours ago DD CE 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 ? 5 hours ago RACE 2024 election: Top portfolio plays for a Trump or Harris victory Top strategists weigh in on what a Trump versus Harris presidency means for investment portfolios. Yahoo Finance ? 9 hours ago BURL GM MA Why Tesla, Musk are winners if Trump wins: Strategist On the eve of the election, Yahoo Finance Executive Editor Brian Sozzi spoke with Larry McDonald, founder of The Bear Traps Report and author of "How to Listen When Markets Speak," about Tesla's (TSLA) performance if Trump wins the presidency. McDonald explained that "if Trump wins, Musk is gonna have a very heavy hand in influencing—and basically negotiating— and try to put forth his agenda for the green agenda for Tesla." However, McDonald did warn that Trump trades "have a huge downside if Kamala wins." If that is the case, McDonald is looking at cannabis, solar, and healthcare as key Harris trades. For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform. Yahoo Finance Video ? 11 hours ago TSLA 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 14% 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 ? 48 minutes ago SMCI Pan American Silver: Q3 Earnings Snapshot VANCOUVER, British Columbia (AP) — Pan American Silver Corp. PAAS) on Tuesday reported third-quarter profit of $56.7 million. On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 16 cents. Associated Press Finance ? 1 hour ago PAASF Pan American Silver Receives Investment Canada Regulatory Approval for the Sale of La Arena VANCOUVER, British Columbia, November 05, 2024--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that the sale of its 100% interest in La Arena S.A. ("La Arena"), which owns the La Arena gold mine as well as the La Arena II project in Peru, to Jinteng (Singapore) Mining Pte. Ltd., a subsidiary of Zijin Mining Group Co., Ltd. (collectively, "Zijin"), has received approval from the Government of Canada under the Investment Canada Act. The approval is subject to a Business Wire ? 1 hour ago PAAS PAASF Pan American Silver Reports Unaudited Third Quarter 2024 Results, with Record Free Cash Flow of $151.5 Million VANCOUVER, British Columbia, November 05, 2024--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2024 ("Q3 2024"). Business Wire ? 1 hour ago PAAS PAASF 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 ? 1 hour ago SMCI Super Micro Stock Tumbles After Business Update. There Was No Full-Year Outlook. 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 17% in late trading following the release. Barrons.com ? 1 hour ago SMCI Coupang, Inc. (CPNG) Surpasses Q3 Earnings and Revenue Estimates Coupang (CPNG) delivered earnings and revenue surprises of 200% and 0.37%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks ? 1 hour ago CPNG 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 Microchip Technology (MCHP) Beats Q2 Earnings and Revenue Estimates Microchip Tech (MCHP) delivered earnings and revenue surprises of 6.98% and 1.09%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks ? 1 hour ago MCHP Exact Sciences (EXAS) Reports Q3 Loss, Lags Revenue Estimates Exact Sciences (EXAS) delivered earnings and revenue surprises of -5% and 1.22%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks ? 2 hours ago EXAS 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 ? 2 hours ago MCHP Devon Energy (DVN) Surpasses Q3 Earnings and Revenue Estimates Devon Energy (DVN) delivered earnings and revenue surprises of 3.77% and 7.20%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks ? 2 hours ago DVN REI 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 ? 2 hours ago SMCI Performance Overview Trailing total returns as of 11/5/2024, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX Return SONACOMS.NS S&P BSE SENSEX YTD +7.40% +10.02% 1-Year +26.21% +23.48% 3-Year +9.10% +32.31%
