After yet another exceptional financial update, shares of Palo Alto Networks (NASDAQ: PANW) are up a whopping 50% so far in 2023. The cybersecurity pure-play leader has some lofty goals and keeps meeting and exceeding them, as industries of all kinds are in need of PANW's software. Is it too late to buy Palo Alto Networks stock now?
United Parcel Service (UPS) posted its first-quarter earnings to mixed results with adjusted earnings per share at $1.43 against an estimated $1.30, but revenue came under estimations with $21.71 billion against an expected $21.83 billion. The company also reported a 3.2% decline in average daily volumes in its domestic business and a 5.8% drop in its international segment, signaling a softening of demand in deliveries. Could this be a warning sign of things to come with consumer demand? Bank of America Senior Transportation Analyst Ken Hoexter joins Yahoo Finance to give insight into UPS's earnings and what it signals for the bigger picture. Hoexter outlines how UPS could stage a comeback on forward projections and after this quarter's results: "I think the momentum really will be on the volume side. We know that the earnings were really hit as they signed a new Teamster employment contract this year. You've got really tough comps because of that on the cost side where employment costs are up 13% year-over-year. You have this huge tough comp until we anniversary that over the summer. So then you're going to have almost a flattish labor cost from that point forward. It really becomes you need that operating leverage of getting volumes into this fixed cost network that you can get some of that leverage. I think that's why you're seeing the focus on where volumes are for this stock in particular because that's really what's going to drive future earnings, is if you can see top-line growth." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
Hezbollah has launched a series of drone strikes against Israeli military bases, in its deepest attack inside Israel since the start of the war in Gaza.
The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.
The former president's behavior just doesn't fly out in the real world.
Israeli media reported that Israel used a "Rampage" air-to-surface missile.
At least two people were killed in a road traffic accident involving multiple vehicles at the junction of Tampines Avenue 1 and Tampines Avenue 4. Read on.
Red Devils unhappy with reaction to penalty shootout win over Coventry
The Chelsea striker was not even booked for catching the Arsenal defender’s ankle
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Before we find fault with Manchester United after reaching the FA Cup final, and there is plenty of it to go around, it is worth considering what would constitute an appropriate response to winning a penalty shoot-out in a match they had deserved to lose?
Two Malaysian military helicopters collided midair and crashed during a training session on Tuesday, killing all 10 people on board and injuring a swimmer in a pool, authorities said. The helicopters were rehearsing at a naval base in northern Perak state for the navy’s 90th anniversary celebration when the accident occurred, the navy said in a brief statement. A video circulating on social media purported to be of the incident shows several helicopters flying low in a formation.
Aircraft collide during training session ahead of Royal Malaysian Navy celebrations
First-time Most Popular Female Artistes, Xixi Lim and He Yingying, on how they intend to celebrate after 2024 Star Awards win. Read on.
Victor J. Blue/ReutersOpening statements had not yet begun on Monday when former President Donald Trump dozed off for the first time.He quickly opened his eyes when defense attorney Todd Blanche slid him a note, as prosecutors prepared to kick off opening arguments in the historic trial, which hinges on accusations that the former president falsified business records over a $130,000 hush-money payment to porn star Stormy Daniels in an effort to keep her quiet as the 2016 presidential election lo
An Israeli attack on Iranian territory could radically change dynamics and result in there being nothing left of the "Zionist regime", Iran's President Ebrahim Raisi was quoted as saying on Tuesday by the official IRNA news agency. Raisi began a three day visit to Pakistan on Monday and has vowed to boost trade between the neighbouring nations to $10 billion a year. On Friday, explosions were heard over the Iranian city of Isfahan in what sources said was an Israeli attack but Tehran played down the incident and said it had no plans for retaliation.
The actress moved to Spain for a quieter life with daughter Oonagh, who turned 3 earlier in April
Arnel Nagal Narvaiz disappeared after he headed to work on July 1, 1994, according to the National Missing and Unified Persons System
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