Synopsys Advances After Naming Sassine Ghasi CEO
Synopsys, Inc. (SNPS) shares are gaining more than 3 percent on Thursday morning trade after the company announced the appointment of Sassine Ghazi as president and chief executive officer effective on Jan. 1, 2024.
The company stated that Aart de Geus, chair and CEO will transition into the role of executive chair of its Board.
Currently, shares are at $438.90, up 3 percent from the previous close of $428.21 on a volume of 188,860.
Cardinal Health Continues To Slip
Shares of Cardinal Health, Inc. (CAH) are sliding more than 3 percent on Thursday morning trade, continuing a bearish trend since August 14. There have been no corporate announcements today to hurt the stock movement.
Currently, shares are at $87.32, down 3.41 percent from the previous close of $90.40 on a volume of 1,136,937.
Sensio Recalls 860K Electric And Stovetop Pressure Cookers
Sensio has recalled about 860,00 electric and stovetop pressure cookers due to the risk of getting burned.
According to the Consumer Product Safety Commission, the pressure cooker’s lid can unlock and be removed during use, causing the hot contents to unexpectedly splash out, posing a burn hazard to consumers.
The recall involves Bella, Bella Pro Series, Crux, and Cooks electric pressure cookers, and Bella stovetop pressure cookers. The stainless-steel electric pressure cookers are six-, eight-, and 10-quart capacity. The stovetop pressure cookers are five-, eight-, and 12-quart capacity. Further details can be found on CPSC website.
The company said Sensio has received 63 reports of incidents, including 61 burn injuries, some of which involved second and third degree burns to the face, torso, arms, and hands.
The company has asked consumers to immediately stop using the recalled pressure cookers and contact Sensio for a refund.
JCPenney, Kohl’s, Lowe’s, Macy’s and Target stores nationwide, and online at Amazon.com and other websites from September 2015 through September 2020 for between $30 and $70 for the electric pressure cookers and for between $8 and $18 for the stovetop pressure cookers.
One person dead after shooting near downtown, Denver police investigating
One person is dead after a shooting in Denver and police homicide detectives are investigating.
The shooting happened near the 2200 block of Welton Street, Denver Police Department officials said in a posting at 1:28 a.m. on X, the social media site formerly called Twitter. The victim was taken to a hospital and died later Wednesday morning, police said.
The victim wasn’t identified. No arrests have been made. The Denver police postings said officers were “working to develop suspect information.”
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Digital Brands Group Slips 14%
Digital Brands Group, Inc. (DBGI) shares are falling more than 14 percent on Thursday morning trade after reaching a 30-day high yesterday.
Currently, shares are at $0.66, down 14.61 percent from the previous close of $0.78 on a volume of 1,452,806.
Paycor Down 6% On Wider Q4 Loss, Weak Q1 Revenue Outlook
Shares of Paycor HCM, Inc. (PYCR) are slipping over 6% on Thursday despite fourth-quarter results beating Street estimates. The company posted a wider loss and issued a mediocre revenue outlook for the next quarter, below consensus estimates.
PYCR is trading on the Nasdaq at $21.39, down 6.49% or $1.49 per share. It has traded between $20.50 and $34.95 in the past 52-week period.
The company reported a net loss of $29.4 million or $0.17 per share for the quarter, wider than last year’s loss of $23.8 million or $0.14 per share.
On an adjusted basis, it reported an income of $13.4 million or $0.08 per share, compared to the payment of $6.9 million or $0.04 per share the prior year. It beat the average estimate of analysts polled by Thomson Reuters of $0.06 per share.
Revenue increased to $140.0 million from $254.20 million the previous year. It beat the consensus estimate of $111.0 million.
For the first quarter, the company targets revenue in a range of $138 million – $140 million, worse than the consensus of $142.5 million.
For the full year, the company expects revenue in the range of $644 million -$650 million, compared to the consensus of $646.97 million.
Colorado CMAS testing scores: How did your school perform?
Colorado students’ performance in math and literacy is starting to rebound to levels not seen since before the coronavirus pandemic shuttered schools three years ago, according to new data released by the state Department of Education Thursday.
Read the full story: Colorado test scores improve, hinting at a pandemic recovery
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Presto Up 5% On Signing Agreements With 13 QSR Franchise Groups
Shares of Presto Automation Inc. (PRST) are up 5% on Thursday after the company announced that it has signed agreements with 13 Quick Service Restaurant (QRS) franchise groups that collectively own and operate more than 500 locations nationwide.
PRST is trading on the Nasdaq at $3.20, up 5.96% or $0.18 per share. It has traded between $1.23 and $10.40 in the past 52-week period.
The company stated that all the signed franchisees have begun deploying Presto Voice, Presto’s in-house, proprietary drive-thru automation solution.
The company states that the collective rollout potential of these QSR franchisees is the largest ever reported in the drive-thru automation segment and estimates that the serviceable market for this space is $2.25 billion in the United States alone.