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Arch Resources' Q2 Earnings, Revenue Fall

Jul 25, 2024

09:28 AM EDT, 07/25/2024 (MT Newswires) -- Arch Resources ( ARCH ) reported Q2 earnings Thursday of $0.81 per diluted share, down from $4.04 a year earlier. Four analysts polled by Capital IQ expected $1.73. Revenue for the quarter ended June 30 was $608.8 million, down from $757.3 million a year earlier. Four analysts surveyed by Capital IQ expected $562.3...

Visteon Q2 Adjusted Earnings, Net Sales Increase; 2024 Sales Outlook Trimmed

Jul 25, 2024

09:25 AM EDT, 07/25/2024 (MT Newswires) -- Visteon ( VC ) reported Q2 adjusted earnings Thursday of $2.54 per share, up from $1.18 a year earlier. Analysts polled by Capital IQ expected $1.96. Net sales for the quarter ended June 30 were $1.01 billion, up from $983 million a year earlier. Analysts surveyed by Capital IQ expected $1.01 billion. The...

Marathon Digital Buys Bitcoin, Adopts 'Full HODL' Strategy: What's Going On With The Mining Stock?

Jul 25, 2024

Marathon Digital Holdings Inc ( MARA ) shares are trading lower Thursday amid a drop in the price of Bitcoin (CRYPTO: BTC). The company announced the purchase of $100 million of Bitcoin as it adopts a buy-and-hold strategy. What Happened: Marathon Digital ( MARA ) announced that it has purchased $100 million of Bitcoin and now currently holds over 20,000...

Instructure Holdings to Be Acquired by KKR in $4.8 Billion Deal

Jul 25, 2024

09:20 AM EDT, 07/25/2024 (MT Newswires) -- Instructure Holdings ( INST ) said Thursday it has agreed to be acquired by KKR (KKR) for $23.60 per share in an all-cash deal valued at approximately $4.8 billion. KKR, along with Dragoneer Investment Group, will purchase all outstanding shares, including those owned by current majority owner Thoma Bravo, Instructure ( INST )...