Cadence Design Systems dropped more than 9% after hours Monday after posting quarterly results. The San Jose, Calif.-based firm and member of the Investor's Business Daily Long-Term Leaders list announced non-GAAP earnings of $1.
The former Haas team principal left the American-owned team prior in January after an 10-year stint
Turbine parts will be brought ashore at Douglas Harbour if plans for an onshore wind farm go ahead.
Airbnb is showing extremely high implied volatility in the lead-up to the company's earnings announcement next Wednesday. There is also significant volatility skew, with short-term options showing much higher implied volatility than long-term options. Traders could sell a May 10 put with a strike price of 140 and buy a May 24 put with a strike price of 135.
Robust air travel demand and simmering geopolitical tensions have driven up demand from the sectors, one of the biggest contributors to Ametek's revenue. Ametek also noted solid growth in its business segment focused on manufacturing medical components and devices. Sales in the company's Electronic Instruments Group (EIG), which manufactures analytical, testing and measurement instruments for the aerospace, medical, power, and industrial markets, rose 4% to $1.16 billion in the reported quarter.
Brazilian motor maker WEG on Thursday reported a 1.6% year-on-year growth in its first-quarter net income, matching analyst expectations, on good demand for products used in large-sized projects. WEG's bottom line reached 1.33 billion reais ($256.08 million) in the three months through end-March, the company said in a securities filing, in line with forecasts from analysts polled by LSEG. WEG's management said in a statement that the results were driven by a positive performance of its long-cycle business, which makes equipment used in large projects such as transmission lines and wind power.
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