Business · NY Daily Wire
Securitize banner at the New York Stock Exchange. Source: Securitize 17 Min Ago Skydance shares fall Skydance shares fell more than 2% after the entertainment conglomerate formed from Paramount and Warner Bros. Discovery said that it plans to cut $6 billion in costs over the next three years.
The company said it would cut its marketing spend and consolidate its streaming and broadcast operations. Paramount Skydance, the predecessor company of Skydance, also reported third-quarter revenue that fell short of expectations. Revenue in the period came in at $7.03 billion, while analysts polled by StreetAccount sought $7.04 billion.
Stock Chart IconStock chart icon Skydance — Sarah Min 18 Min Ago Rocket Lab shares fall as EBITDA outlook and Neutron uncertainty overshadow record revenue Shares of Rocket Lab were fell nearly 6% after the aerospace manufacturer reported adjusted EBITDA loss of $18 million for the third quarter. Stock Chart IconStock chart icon Rocket Lab- YTD Rocket Lab has pushed Neutron's inaugural flight into 2027 following manufacturing and testing challenges involving the vehicle's first-stage composite structures. The company reported quarterly revenue of $268 million, a 73% increase year-on-year and a record backlog of approximately $3.6 billion, a 52% increase since end of Q2 2026.
Positive GAAP operating cash flow for the company was $7.2 million. Approximately $1 billion in new launch contracts have been signed across Electron, HASTE, and Neutron, bringing Rocket Lab's total launch backlog to 117 launches: a new record. The company said it secured more than $515 million of Neutron launch contracts during the quarter, increasing the rocket's backlog to 16 missions before its debut. — Deena Zaidi 21 Min Ago TSMC shares rise as October revenue jumps nearly 60% - CHG UNCH %CHG UNCH The world's largest contract chipmaker benefited from strong demand for advanced semiconductors, as major technology companies continue to invest heavily in AI.
The chipmaker expects capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years as it continues to invest to support customer demand. Its third-quarter operating margin reached 58.7%, exceeding the upper end of its guidance range. — Deena Zaidi 44 Min Ago Riot Platforms gains after Jefferies upgrade Shares of Riot Platforms were up nearly 2% after a Jefferies upgraded to buy from hold. Stock Chart IconStock chart icon RIOT- YTD Jefferies highlighted Riot's Corsicana-powered land lease, which it estimates will generate an average yield of roughly 33%.
Jefferies estimates capital expenditure of approximately $6 million per megawatt of IT capacity, compared with $11 million to $15 million for a typical data-center build. Corsicana alone could be worth approximately $16 per Riot share, according to analysts. — Deena Zaidi 50 Min Ago Sanmina surges after guidance tops estimates Sanmina soared 19% after the electronic manufacturing services provider rolled out an outlook that came in ahead of the Street's expectations. The company sees full-year earnings in a range of $15.50 to $17.50 per share, topping the FactSet consensus estimate of $14.07 a share.
The company's revenue forecast of $17.5 billion to $19.5 billion also came in ahead of the $16.61 billion consensus estimate. Stock Chart IconStock chart icon SANM year to date — Darla Mercado 50 Min Ago Take-Two Interactive rises on earnings beat Take-Two Interactive Software traded 4% higher after its fiscal second-quarter earnings and revenue beat analyst expectations. Adjusted earnings per share came in at $1 on revenue of $1.60 billion.
Analysts polled by LSEG expected a profit of 94 cents per share on revenue of $1.58 billion. Stock Chart IconStock chart icon TTWO 5-day chart — Fred Imbert 50 Min Ago Hims & Hers Health slips on disappointing guidance Shares of Hims & Hers Health fell 2% after the company issued weaker-than-expected guidance for the fourth quarter. The company expects revenue in a range of $875 million to $895 million, well below a FactSet consensus of $953.8 million.
Adjusted EBITDA guidance ranges between $70 million and $90 million, also below an estimate of $105.8 million. Stock Chart IconStock chart icon NVDA 5-day chart — Fred Imbert 50 Min Ago Securitize rallies on Q3 results, move into asset-backed finance Tokenization platform Securitize climbed about 10% after reporting third quarter growth alongside increased operating expenses, and announcing an expansion into asset-backed finance through a strategic acquisition. Miami-based Securitize, which made its public market debut in July, operates in the relatively new corner of the crypto equity universe involved in institutional tokenization infrastructure.
Tokenized assets on the platform grew 9% in the third quarter, to $4.8 billion, from the same period a year ago. Aggregate transaction volume rose 20% from a year ago, to $4.3 billion. Revenue of $11.5 million was up 28% from last year.
Also on Monday, the Securitize board authorized a $50 million share buyback and announced the acquisition of River One, an institutional asset-backed financing platform developing technology to connect stablecoin capital with traditional lending markets. Terms were not disclosed. Read the full story and watch our exclusive interview with Securitize CEO Carlos Domingo here . — Tanaya Macheel
Source: CNBC
