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BREAKING: Former United States President Is DeadSearch launched for suspected child abductor after boy dodges man in van
Pakistani authorities launch operation to clear Imran Khan supporters from the capitalQuestion: True or false? Evergreen Memorial Cemetery, located just south of downtown Bloomington, is older than the city. Answer: True. Evergreen’s oldest burial dates back to the 1820s, while Bloomington was officially founded in 1831. Vivian Kong Doctora talks about how to order at Kobe Revolving Sushi Bar Lifelong hockey enthusiast Adam Morris follows the growth of the Bloomington Bison in their first season. The ECHL holiday break is over. As the Bison face the Kalamazoo Wings in a weekend set that includes two home games, here's a look at what to expect. Are there parallels between the Bloomington Bison and their primary NHL affiliate? Columnist Adam Morris checks out the New York Rangers in person. The Bison are in their third month of existence, but their presence in Bloomington-Normal has already started to take root. After their five-game run against the Iowa Heartlanders ended with two consecutive losses, the Bloomington Bison can look forward to a change of scenery — and opponent. As we bask in the glow of holiday decorating and Thanksgiving leftovers, columnist Adam Morris takes stock of his gratitude as a Central Illinois hockey fan. When the Bison and Iowa Heartlanders play, penalties will be a factor. There have been 171 penalty minutes handed out, including 13 roughing calls and nine major penalties. Power plays, leadership and stamina: Three takeaways from the Bloomington Bison's first winning weekend at Grossinger Motors Arena. As the Bloomington Bison lose their top goaltender to a higher league, a grueling schedule in the coming weeks could become the team's proving ground. The Bloomington Bison's owners believe fans will be impressed with the higher level of play at Grossinger Motors Arena — but that only works if they're there to see it. Are you struggling to keep up with the Bison's ever-changing roster? You're not alone. Here's why the new Bloomington hockey team is uniquely positioned in its league — and how it could be an advantage. "Was it a little disappointing that the Bison did not come out of last weekend with a win? Of course. ... What I did see, though, felt just as encouraging." It's always exciting to see the start of something new. That's what fans are getting with the Bloomington Bison — on the ice and behind the glass. When the Bloomington Bison drop the puck in their preseason matchup Saturday, it will represent potentially best chance for sustained professional hockey in the Twin Cities. Catch the latest in Opinion Get opinion pieces, letters and editorials sent directly to your inbox weekly! {{description}} Email notifications are only sent once a day, and only if there are new matching items.
ROCK HILL, S.C., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter Highlights (All numbers are unaudited and are presented in millions, except per share amounts or as otherwise noted) Revenue of $112.9 million decreased 9% year-over-year primarily driven by macro weakness in printer sales, partially offset by approximately 10% growth in consumables sales Healthcare Solutions revenue of $55.1 million grew 5% year-over-year, led by strong growth in Dental and Personalized Healthcare solutions Customer interest in 3D printing applications continued to gain momentum, with revenues in the Application Innovation Group (AIG) growing over 26% year-to-date versus prior year across industrial markets Q3'24 gross profit margin of 36.9% and Non-GAAP gross profit margin (1) of 37.6% included a $3 million headwind related to an increase in inventory reserves - if excluded, Non-GAAP gross profit margin was 40.2% Q3'24 net loss of $178.6 million, diluted loss per share of $1.35, which includes $143.7 million associated with the impairment of goodwill and other long-lived assets. Non-GAAP diluted loss per share (1) of $0.12 Q3'24 negative Adjusted EBITDA (1) of $14.3 million Updating guidance for remainder of FY'2024 to now include expected full-year revenues within the range of $440 million - $450 million Summary Comments on Results Commenting on third quarter results, Dr. Jeffrey Graves, president and CEO of 3D Systems said, “As recently shared, our third quarter revenues continued to be impacted by sluggish capital investments by our customers for new production capacity, particularly in the Industrial markets, impacting the sale of new printing systems. On a positive note however, capacity utilization for our installed printer fleet broadly increased, translating into an increase in consumable revenues, which grew nearly 10% on both prior year and sequential comparisons. While 2024 has been a challenging year for new printer system sales, we are increasingly encouraged about the future, driven in large part by customer demand for our Application Innovation Group, a group of highly skilled process specialists who assist customers in developing new applications for 3D printing. Year-to-date this group, which spans both polymer and metal solutions, has experienced a rise of over 26% in revenues derived from new application development, particularly in highly regulated markets such a semiconductor equipment manufacturing, oil & gas, aerospace & defense markets, and our medical markets. Much of this performance, and the future growth potential it implies, has been fueled by an aggressive cycle of innovation at our company, enabled by our sustained focus on new product innovation across all of our major polymer and metal printing solutions. As a result of this sustained focus, which we believe differentiates us from many others in our industry, we are on pace to deliver nearly 40 new products to market since the third quarter of last year, and 25 in calendar 2024 alone. We believe no other company in our industry has matched this output that we expect will pay dividends in growth and profitability improvements as the economy rebounds in the future.” Dr. Graves continued, “Given our strong focus on new product innovation, over the last two years we’ve also completely altered our manufacturing model from nearly 100% outsourced, to taking full responsibility for our integrated supply chain by in-sourcing procurement, assembly operations and logistics. This transition is now virtually complete, and, while it required short-term increases in expenses and working capital, we believe it is absolutely essential in driving smooth new product introductions, high quality product and delivery performance and, importantly, long-term customer satisfaction and gross margin improvements as factory efficiencies increase. While weakness in our end-markets over the last several quarters has muted these benefits, as volumes recover we expect to realize them increasingly over time. With our in-sourcing efforts now close to completion, our near term focus has shifted to managing working capital and capex spend to improve cash performance. This has been increasingly effective as we entered the second half of the year, as demonstrated by the stabilization of our cash reserves in the third quarter. We were also pleased to deliver a sequential reduction in operating expenses, in line with our previous expectations, and expect the benefits of restructuring actions previously taken to positively impact our cost structure in the quarters ahead.” Dr. Graves concluded, “As we look to the end of the year, the consistent fueling of our R&D engines as we moved through a tougher macro environment period is now driving an acceleration of exciting new customer applications, supported by outstanding new products spanning from new printer hardware to advanced engineering materials, to enhancement of our software capabilities. We believe this positions us well as the geopolitical and economic headwinds of the last 18 months ultimately begin to recede. Given timing uncertainties and normal quarter-to-quarter inventory management at year-end, we believe it is prudent to be conservative in our outlook for the full year. As such, we are updating our revenue expectations for the full year 2024 to be between $440 million and $450 million. From an OPEX perspective, we expect to see continued improvement consistent with our prior comments, namely that OPEX will decrease again in Q4, to below $60 million. These combined factors should yield a sequential improvement in Adjusted EBITDA and will place us on a trajectory towards profitability in the quarters ahead. We will continue our balanced view of short-term focus on cash performance and improving profitability, while meeting the longer-term needs of our customers from a technology and service perspective. In keeping our customers’ production goals clearly in our sites each day, we believe that substantial long-term value will be created for all of our stakeholders in the years ahead.” Summary of Third Quarter Results Revenue for the third quarter of 2024 decreased approximately 9% to $112.9 million compared to the same period last year, primarily driven by lower printer sales, partially offset by approximately 10% growth in materials. Gross profit margin for the third quarter of 2024 was 36.9% compared to 44.7% for the same period last year. Non-GAAP gross profit margin was 37.6% compared to 44.8% for the same period last year. Gross profit margin decreased primarily due to unfavorable absorption associated with lower volumes and approximately $3 million associated with an increase in inventory reserves, partially offset by favorable mix. In addition, gross profit margin from the prior year period includes approximately $4.5 million of incremental revenue recognized by our Regenerative Medicine business at 100% margin related to incremental milestone recognition which did not repeat in the third quarter of 2024. Operating expense for the third quarter of 2024 was $222.5 million compared to $68.9 million for the same period last year and includes $143.7 million associated with the impairment of goodwill and other long-lived assets taken during the third quarter of 2024. Non-GAAP operating expense of $61.4 million increased $5.6 million compared to the same period last year, while improving $2.7 million on a sequential basis. The sequential improvement was primarily driven by benefits associated with prior restructuring actions. Net loss attributable to 3D Systems Corporation for the third quarter of 2024 was $178.6 million compared to a net loss of $11.7 million for the same period last year. The decline from prior year was primarily impacted by the previously referenced $143.7 million associated with the impairment of goodwill and other long-lived assets taken during the third quarter of 2024. Adjusted EBITDA decreased by $19.1 million to a loss of $14.3 million in the third quarter of 2024 compared to the same period last year. The decrease in Adjusted EBITDA primarily reflects lower revenue, lower gross margin and higher operating expense. As previously noted, the third quarter of 2023 also included the benefit of approximately $4.5 million of incremental milestone recognition by our Regenerative Medicine business at 100% margin that did not repeat in the third quarter of 2024. Updating 2024 Outlook Based on current macroeconomic and geopolitical conditions, 3D Systems is updating its financial guidance for the remainder of 2024 as follows: Revenues for the full-year 2024 within the range of $440 million - $450 million Non-GAAP gross profit margin for the full-year 2024 within the range of 38% - 40% Maintain the expectation for Non-GAAP operating expense of less than $60 million for Q4'24 Adjusted EBITDA to improve sequentially Financial Liquidity At September 30, 2024, the company had cash and cash equivalents of $190.0 million, a decrease of $141.5 million since December 31, 2023. The decrease resulted primarily due to cash used in operations of $37.1 million, capital expenditures of $10.8 million, and repayment on borrowings of $87.2 million. At September 30, 2024, the company had total debt, net of deferred financing costs of $211.7 million. Q3 2024 Conference Call and Webcast The company will host a conference call and simultaneous webcast to discuss these results on November 27, 2024, which may be accessed as follows: Date: Wednesday, November 27, 2024 Time: 8:30 a.m. Eastern Time Listen via webcast: www.3dsystems.com/investor Participate via telephone: 201-689-8345 A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor . Forward-Looking Statements Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law. Presentation of Information in this Press Release 3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating expense, non-GAAP diluted income (loss) per share, and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems’ core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items: amortization of intangible assets, a non-cash expense, as 3D Systems’ intangible assets were primarily acquired in connection with business combinations; costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees; stock-based compensation expenses, a non-cash expense; charges related to restructuring and cost optimization plans, impairment charges, including goodwill, and divestiture gains or losses; impact of equity method investments; certain compensation expense related to the 2021 Volumetric acquisition; and costs, including legal fees, related to significant or unusual litigation matters. Amortization of intangibles and acquisition and divestiture-related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the company’s products or services. Additionally, intangible assets amortization expense typically fluctuates based on the size and timing of the company’s acquisition activity. Accordingly, the company believes excluding the amortization of intangible assets enhances the company’s and investors’ ability to compare the company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, the expense is non-cash in nature, and we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Charges related to restructuring and cost optimization plans, impairment charges, including goodwill, divestiture gains or losses, and the costs, including legal fees, related to significant or unusual litigation matters are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, the company believes the costs, including legal fees, related to significant or unusual litigation matters are not indicative of our core business' operations. Finally, 3D Systems excludes contingent consideration recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration. The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share. Adjusted EBITDA, defined as net income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period. A reconciliation of GAAP to non-GAAP measures is provided in the accompanying schedules. 3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross profit margin, Adjusted EBITDA, and non-GAAP operating expense to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially. About 3D Systems More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in Healthcare and Industrial Solutions markets such as medical and dental, aerospace & defense, automotive and durable goods. More information on the company is available at www.3dsystems.com . Amounts included in restricted cash as of September 30, 2024, December 31, 2023 and September 30, 2023 primarily relate to guarantees in the form of a standby letter of credit as security for a long-term real estate lease. Amounts included in restricted cash as of December 31, 2022 primarily relate to $3,435 deposited into an escrow account relating to the initial investment in the National Additive Manufacturing innovation ("NAMI") joint venture. The remaining amounts in restricted cash in all periods presented relate to collateral for letters of credit and bank guarantees. (1) Amounts in table may not foot due to rounding (2) Calculated as non-GAAP gross profit as a percentage of total revenue (1) Amounts in table may not foot due to rounding (2) Calculated as non-GAAP gross profit as a percentage of total revenue Non-GAAP Operating Expense (1) (1) Amounts in table may not foot due to rounding (1) Amounts in table may not foot due to rounding (1) Amounts in table may not foot due to rounding
Bravo star Kristen Doute has broken her silence over her former castmate James Kennedy's arrest for domestic violence, simply writing: "Finally." Law enforcement sources told TMZ that on the evening of December 10 Burbank police were called to a home after receiving a call about an argument between James and a woman, with the reality TV star allegedly "grabbing her at one point" although no visible injuries were seen. A screengrab of the TMZ story was posted by Kristin on social media, and she added the one word response underneath. TMZ reports that "after investigating the situation, police say they determined it was a domestic incident" and James was arrested for misdemeanor domestic violence. He posted bail of $20,000. That same evening James attended Kathy Hilton 's DirecTV party, where he was pictured hand in hand with girlfriend Ally Lewber. On Wednesday, Ally didn't let on that her boyfriend had been arrested as she was the hostess with the mostest, welcoming guests including Nicole Young, The Bachelor ' s Rachel Recchia, and Davina Potratz to the event at Short Stories Hotel. Hosted by Ally and Windsor, "the ultimate shopping destination for every occasion," the party was the unveiling of their dazzling New Year’s Eve Collection. Guests sipped on sparkling refreshments and savored gourmet hor d’oeuvres while getting a sneak peek at some of Windsor’s upcoming must-have styles, while also receiving personalized astrology readings, aura photography, and experiencing ear seeding. James, who is from the UK, is a DJ but found fame on Vanderpump Rules, alongside Lisa Vanderpump. e was previously engaged to Rachel Leviss – who infamously had an affair with Tom Sandoval, who wa s in a long term relationship with Ariana Madix – before he fell in love with Ally. On December 3 it was revealed that the new season of V anderpump Rules would have an entirely new cast; James had been with the show for 10 seasons. Ally later told Us Weekly that James was "grieving" the decision by Bravo. "I think he was just like, 'Wow, that was crazy.' It was just an insane part of his life and such an important part of his life. I think he’s so proud — I know he’s so proud— of where he’s at now compared to where he started the show so, I think it’s just gratitude and looking back and going, 'Holy [expletive]. We just did that, and now we can move on.'"Notable quotes by Jimmy Carter
Congresswoman mocks Rep. Marjorie Taylor Greene over budget-slashing Government Efficiency postSkidding No. 10 Kansas hopes to get right vs. NC State
The assassination of UnitedHealthcare CEO Brian Thompson has sparked a surge of conspiracy theories online surrounding suspect Luigi Mangione and his possible motivations. Amateur sleuths have focused on cryptic symbols, video games, biblical references, and the number 286, which some believe holds the key to unraveling the mystery. Thompson was shot and killed outside a Hilton hotel in Midtown Manhattan on December 7, 2024, as he was leaving a private dinner. Days later, authorities arrested Mangione, 26, in Altoona, Pennsylvania, after an extensive manhunt. He was recognized by a McDonald's employee, leading to his capture. Mangione's arrest ignited widespread interest online, with users diving deep into his digital footprint. They searched for clues in his social media presence and linked certain details from the crime scene to his online activities, fueling a variety of conspiracy theories. One of the most popular theories centers on the number 286, with many internet users speculating that the crime had symbolic underpinnings. Several apparent connections to the number 286 have led some to believe the figure holds hidden significance. The most discussed link is Mangione's use of the Pokémon character Breloom in his social media banner. Breloom, a grass-type Pokémon, is listed as #286 in the franchise's Pokédex. Internet users also noted that Mangione had exactly 286 posts on his X (formerly Twitter ) account, under the handle @PepMangione, before his arrest. Adding to the intrigue, Mangione was arrested 286 miles from the location of Thompson's murder. Some TikTok users have tied the number to the Bible's Proverbs 28:6, which reads, "Better is a poor man who walks in his integrity than a rich man who is crooked in his ways." #foryou #funny #funnyvideos #fyp #pov #foryoupage #fypシ #foryou Another unusual link comes from the world of healthcare billing. Denial code 286 is used when a healthcare claim is rejected due to failure to meet appeal deadlines. Given Mangione's alleged grievances with the healthcare system, some online sleuths believe the use of this specific number may have been intentional. Beyond the obsession with the number 286, Mangione's alleged actions and writings have offered possible clues into his state of mind. Cryptic messages found at the crime scene — the words "delay" and "deny" inscribed on bullet casings — have been seen as symbolic. Some have speculated that the phrases point to the title of the 2010 book "Delay, Deny, Defend," which argues that insurance companies boost profits by withholding payments for legitimate claims. Delay Deny Defend get your bag! #unitedhealthcare #ceo #book #insurance Police also reportedly recovered a three-page handwritten manifesto from Mangione's possessions. The document allegedly contained harsh criticisms of corporate healthcare executives, referring to them as "parasites [who] simply had it coming." According to New York Police Department Commissioner Jessica Tisch, the manifesto "speaks to both his motivation and mindset." Other posts attributed to Mangione on platforms like Goodreads suggest a fascination with revolutionary manifestos. For example, he allegedly reviewed Ted Kaczynski's "Industrial Society and Its Future" (commonly known as the Unabomber Manifesto) and reflected on its predictions about modern society. Meanwhile, some online users have questioned the FBI 's identification of Mangione, suggesting that his eyebrows do not match those of the suspect shown in NYPD-released images. These images, which show the alleged shooter smiling at a hostel clerk in the Upper West Side of New York, have prompted further scrutiny from conspiracy theorists. I think Luigi wasn't working alone. He isn't the sh00ter. #luigimangione #unitedhealthcareceo #brianthompsoncase His glabella, the space between the eyebrows is not matching, And, How Luigi Nicholas Mangione's unibrows grown in few days 😆☕. pic.twitter.com/pKcV6WC9N4 However, law enforcement officials have presented substantial evidence linking Mangione to the crime. At the time of his apprehension, he was carrying a firearm that matched the shell casings found at the crime scene. Additionally, the handwritten manifesto critical of the healthcare industry was discovered in his possession. NYPD Chief of Detectives Joseph Kenny noted that Mangione was not a client of UnitedHealthcare, suggesting that the company's prominence may have made Thompson a symbolic target.Ellington Financial Inc. ( NYSE:EFC – Get Free Report ) declared a monthly dividend on Friday, December 6th, NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.13 per share by the financial services provider on Monday, January 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date is Tuesday, December 31st. Ellington Financial has raised its dividend payment by an average of 12.7% annually over the last three years. Ellington Financial has a dividend payout ratio of 96.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Ellington Financial to earn $1.67 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 93.4%. Ellington Financial Stock Performance Shares of Ellington Financial stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. The firm has a 50 day simple moving average of $12.31 and a 200 day simple moving average of $12.59. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The firm has a market cap of $1.10 billion, a P/E ratio of 9.30 and a beta of 1.97. Insiders Place Their Bets In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.48, for a total transaction of $174,720.00. Following the completion of the sale, the executive now owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Company insiders own 4.40% of the company’s stock. About Ellington Financial ( Get Free Report ) Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. Featured Stories Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with MarketBeat.com's FREE daily email newsletter .Stocks kept market participants on their toes Thursday as investors weighed the impact of "meh" revenue guidance from AI bellwether Nvidia ( NVDA ). The main benchmarks eventually settled higher thanks to impressive earnings from another notable technology company. At the close, the Dow Jones Industrial Average was up 1.1% at 43,870, the S&P 500 had gained 0.5% to 5,948, and the Nasdaq Composite had ticked 0.03% higher to 18,972. Nvidia finished the session up 0.5%. The company gave Wall Street plenty to like in its fiscal third-quarter print , including top- and bottom-line beats and an encouraging update on its next-generation Blackwell AI chips. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. But folks seemed to be hyperfocused on NVDA's fiscal fourth-quarter forecast for revenue of $37.5 billion, plus or minus 2%. While this is above Wall Street's average estimate for revenue of $37 billion, it "was below some of the numbers we heard thrown around in recent days," says UBS Global Research analyst Timothy Arcuri (Buy). Still, Arcuri notes it leaves "considerable room for upside with our supply chain work on Hopper together with company comments on Blackwell implying another $5 billion headroom beyond the guidance." Snowflake has its best day ever after earnings Near the top of the Dow was Salesforce ( CRM ), which jumped 3.1% thanks to a halo lift from fellow software firm Snowflake ( SNOW ). Indeed, SNOW stock surged 32.7% – its best day ever – after the data cloud company beat top- and bottom-line expectations for its fiscal 2025 third quarter and raised its full-year outlook. "We rate Snowflake shares a Buy," says Truist Securities analyst Joel Fishbein Jr. , adding "that the company possesses a unique technology advantage that will give them a dominant competitive position in the data cloud in both the short and long term." Fishbein admits SNOW is not a cheap stock at current levels but the "current valuation is fair on a growth-adjusted basis and that the tailwinds for growth are stronger than market expectations which offer further upside going forward." BJ's jumps on membership fee hikes, stock buybacks Looking elsewhere on the earnings calendar , BJ's Wholesale Club Holdings ( BJ ) reported mixed results for its fiscal third quarter, beating on the bottom line but falling just short on the top line. Nevertheless, BJ rose 8.3% on news the warehouse club is raising its membership fee for the first time in seven years and buying back $1 billion worth of stock, which equates to roughly 8% of its current market cap . "We rate BJ shares at Buy as we view BJ's as well positioned in both the near term and long term given its strong value proposition (especially in fuel) in a highly inflationary environment, as well as strong and improving membership trends," wrote BofA Securities analyst Robert Ohmes said in a November 11 note. Alphabet sinks on DOJ news In non-earnings news, Alphabet ( GOOGL ) spiraled 4.7% after the Department of Justice (DOJ) on Wednesday said the conglomerate's Google segment should be forced to sell its Chrome search engine browser. News that the DOJ was considering the request began circulating earlier this week, but the agency filed the formal paperwork last night. The Justice Department is also asking that Google not be allowed to prioritize its search engine on Android devices or pay others to be the preferential search engine on their browsers. Jobless claims fall, existing home sales rise On the economic front, data from the Labor Department showed that initial jobless claims fell by 6,000 last week to 213,000. "Those expecting the labor market to crack are going to have to keep waiting," says Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. "Another moderate jobless claims total underscores the U.S. economy's persistent strength. But as the Fed has recently hinted, that strength may slow the pace at which they cut rates." Existing home sales rose 3.4% in October from the prior month to a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors . "Many prospective buyers spent September waiting for interest rates to moderate following the Fed's jumbo 50-basis point cut to its key benchmark," says José Torres , senior economist at Interactive Brokers. But instead, longer-term borrowing costs rose, Torres notes. "After seeing rates escalate, these potential home buyers may have entered the market after giving up hope for mortgage costs to ease." Related content What's Next for MicroStrategy Stock as Bitcoin Nears $100,000? Stock Market Holidays in 2024: NYSE, NASDAQ and Wall Street Holidays Vanguard Money Market Funds: What You Need to Know
Skidding No. 10 Kansas hopes to get right vs. NC StateNotable quotes by Jimmy Carter
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