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Applied Materials Beat Everything but Wall Street’s Expectations for Margins
Applied Materials beat Q3 estimates and raised guidance, but shares fell 6% as sequential growth slowed and gross margin guidance stalled at 50.4% for Q4.
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Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
Intuitive Machines missed Q2 revenue and EPS estimates, but its $1.8 billion backlog, analyst Buy ratings, and institutional buying point to a path toward profitability.
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Italy’s Cheese Bank Finds Climate Risk Has a Rind
On Wall Street, “cheese” is slang for money. In Italy, they decided the metaphor needed collateral. Deep inside climate-controlled warehouses in Emilia-Romagna, hundreds of thousands of wheels of Parmigiano-Reggiano sit on shelves while securing loans from Credito Emiliano, Fortune reported Monday (Aug. 10). It’s banking with notes of hazelnut, salt and a surprisingly complicated risk…
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