Elon Musk Names Linda Yaccarino New Twitter CEO

Abbott Announces FDA Approval For TactiFlex Ablation Catheter

Abbott (ABT) announced the FDA has approved the company’s TactiFlex Ablation Catheter, Sensor Enabled, an ablation catheter with a flexible tip and contact force technology. Used to perform an ablation procedure to treat atrial fibrillation, the TactiFlex catheter can result in reduced procedure times and better safety when compared to the company’s previous generation catheters.

The TactiFlex catheter is designed to be used with Abbott’s EnSite X EP System, which allows physicians to identify areas in the heart that require ablation. The TactiFlex catheter uses a tip design with a laser-cut pattern that flexes when in contact with the heart wall.

The TactiFlex catheter is approved for use in Europe, Japan, Africa and Australia.

For More Such Health News, visit rttnews.com.

RBC Bearings Q4 Profit Up, Beats Estimates; Sees Q1 Sales In Line With View – Update

(Adds Outlook)

RBC Bearings Incorporated (RBC) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $43.4 million, or $1.49 per share. This compares with $25.7 million, or $0.89 per share, in last year’s fourth quarter.

Excluding items, RBC Bearings Incorporated reported adjusted earnings of $61.9 million or $2.13 per share for the period.

Analysts on average had expected the company to earn $1.99 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.9% to $394.4 million from $358.9 million last year.


Looking ahead, RBC expects its first-quarter sales to be in the range of $380 million – $390 million, in line with analysts’ estimates of $380.28 million.

RBC Bearings Incorporated Q4 earnings at a glance (GAAP) :

-Earnings (Q4): $43.4 Mln. vs. $25.7 Mln. last year.
-EPS (Q4): $1.49 vs. $0.89 last year.
-Analyst Estimate: $1.99
-Revenue (Q4): $394.4 Mln vs. $358.9 Mln last year.

Pre-market Movers: MGRM, SDA, FTCH, CWD, PHIO…

The following are some of the stocks making big moves in Friday’s pre-market trading (as of 07.25 A.M. ET).

In the Green

Monogram Orthopaedics Inc. (MGRM) is up over 155% at $30.00.
SunCar Technology Group Inc (SDA) is up over 31% at $5.39.
Farfetch Limited (FTCH) is up over 23% at $5.37.
Phoenix New Media Limited (FENG) is up over 10% at $2.64.
Bloom Energy Corporation (BE) is up over 6% at $14.50.
ON24, Inc. (ONTF) is up over 6% at $7.34.
Barnwell Industries, Inc. (BRN) is up over 6% at $2.69.
Ouster, Inc. (OUST) is up over 5% at $5.70.

In the Red

CaliberCos Inc. (CWD) is down over 18% at $6.27.
Phio Pharmaceuticals Corp. (PHIO) is down over 11% at $4.45.
Alimera Sciences, Inc. (ALIM) is down over 12% at $2.16.
Niu Technologies (NIU) is down over 10% at $3.51.
Enveric Biosciences, Inc. (ENVB) is down over 10% at $3.23.
RxSight, Inc. (RXST) is down over 6% at $22.93.

Globant Climbs On Q1 Revenue, Outlook

Globant S.A. (GLOB) shares are gaining on Friday morning trade after the company reported a 17.7 percent growth in first-quarter revenue to $472.42 million from $401.38 million in the prior year.

In addition, for the second quarter, the company expects year-over-year revenue growth of 15.5 percent to $496 million. On an adjusted IFRS basis, earnings are projected to be $1.33 per share.

Currently, shares are at $164.51, up 8.48 percent from the previous close of $151.66 on a volume of 323,098.

Manulife IM To Buy Controlling Interest In Serverfarm

Manulife Investment Management or Manulife IM, a Canadian financial company, said on Friday that it has inked a deal to acquire a controlling interest in Serverfarm, a data center owner and operator. Financial terms of the transaction are not known.

The acquisition, expected to be closed in the third quarter, will provide capital to Serverfarm to continue its expansion across North America, Europe, and Israel to capitalize on attractive market opportunities.

Serverfarm currently operates a portfolio of eight data centers across North America, Europe, and Israel that aggregate over 1.5 million gross square feet and 125MW of IT capacity.

The firm has also secured additional land for future data center developments.

Farfetch Spikes On Q1 Revenue Growth

Farfetch Ltd. (FTCH) shares are gaining more than 25 percent on Friday morning trade after the company announced 8.1 percent growth in first-quarter revenue to $556.39 million from $514.80 million in the prior year.

The shares have been on an upswing for the last couple of days.

Currently, shares are at $5.24, up 20.85 percent from the previous close of $4.34 on a volume of 42,553,563.

Catalent Gains 15%

Shares of Catalent, Inc. (CTLT) are surging more than 15 percent on Friday morning trade. The company announced today that in view of the SEC notification of Late Filing on Form 12b-25, the company is working diligently to file Form 10-Q within the six-month period.

Currently, shares are at $37.19, up 15.71 percent from the previous close of $31.14 on a volume of 4,472,365.

Elon Musk Names Linda Yaccarino New Twitter CEO

Elon Musk has hired NBC Executive Linda Yaccarino as the new CEO of Twitter.

Musk confirmed the news through a tweet: “I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology.”

“Looking forward to working with Linda to transform this platform into X, the everything app,” he added.

The announcement comes a day after Musk said via Twitter that he would step down from the role and that there would be a new CEO of the social media website. He didn’t reveal the name of the person, however, said that the person would start in about six weeks.

In the tweet, he said, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops.”

In December last year, Musk had stated that he would resign as Twitter’s chief executive as soon as he finds a replacement, but would plan to keep running key software & servers teams.

He was responding to a then Twitter poll, in which majority of users had voted in favor of Musk resigning as Twitter chief, a role he holds following his $44 billion acquisition of the social media platform in late October last year.

Musk had said previously that his position as CEO would be temporary, noting that he expected to reduce time at Twitter and find somebody else to run Twitter over time.

Yaccarino joined NBCUniversal in 2011 and had risen to the top of the company’s global advertising business.