Silvercorp: Fiscal Q4 Earnings Snapshot

VANCOUVER, British Columbia — VANCOUVER, British Columbia — Silvercorp Metals Inc. (SVM) on Thursday reported a loss of $7.6 million in its fiscal fourth quarter.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, were 7 cents per share.

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Major grocery chain to close over 60 locations by end of 2026

Kroger will be closing more than 60 stores it considers underperforming across the U.S. by the end of 2026, according to a recent announcement by the grocery chain. The news was part of Kroger's first-quarter earnings report, which was released on Friday. It states that the closures are expected to provide the company a "modest financial benefit." "In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months. As a result of these store closures, Kroger expects a modest financial benefit," the company said in the report. Kroger said it aims to reinvest the money it saves through the closing into improving its customer experience at other stores. "Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance," the company said. The report was also clear to mention that none of the forthcoming changes signal a need for layoffs. Employees at the affected stores will be offered roles in other stores, according to the report. The company's first-quarter earnings fell to $866 million, down from $962 million during the same quarter last year. Its total sales were also down, from $45.3 billion last year to $45.1 billion this year. Despite the first quarter losses, the company still increased its full-year earnings forecast to between 2.25 percent and 2.35 percent growth. The chain said that demand for its fresh food, store branded products, and its digital services is strong and will likely remain so throughout the year. While the company is closing stores by the end of next year, it also announced plans to open around 30 new stores by the end of this year. Kroger operates nearly 2,800 stores in the U.S. under the name Kroger as well as Ralphs, King Soopers, Fredy Meyer and Harris Teeter. The company is currently in the process of selecting a new CEO after its previous CEO, Rodney McMullen, resigned in March amid an internal ethics investigation. Sign in to access your portfolio

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2 hours ago

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Major grocery chain to close over 60 locations by end of 2026

Kroger will be closing more than 60 stores it considers underperforming across the U.S. by the end of 2026, according to a recent announcement by the grocery chain. The news was part of Kroger's first-quarter earnings report, which was released on Friday. It states that the closures are expected to provide the company a "modest financial benefit." "In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months. As a result of these store closures, Kroger expects a modest financial benefit," the company said in the report. Kroger said it aims to reinvest the money it saves through the closing into improving its customer experience at other stores. "Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance," the company said. The report was also clear to mention that none of the forthcoming changes signal a need for layoffs. Employees at the affected stores will be offered roles in other stores, according to the report. The company's first-quarter earnings fell to $866 million, down from $962 million during the same quarter last year. Its total sales were also down, from $45.3 billion last year to $45.1 billion this year. Despite the first quarter losses, the company still increased its full-year earnings forecast to between 2.25 percent and 2.35 percent growth. The chain said that demand for its fresh food, store branded products, and its digital services is strong and will likely remain so throughout the year. While the company is closing stores by the end of next year, it also announced plans to open around 30 new stores by the end of this year. Kroger operates nearly 2,800 stores in the U.S. under the name Kroger as well as Ralphs, King Soopers, Fredy Meyer and Harris Teeter. The company is currently in the process of selecting a new CEO after its previous CEO, Rodney McMullen, resigned in March amid an internal ethics investigation.

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Datadog (DDOG) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest close session, Datadog (DDOG) was down 1.95% at $127.50. This change lagged the S&P 500's 0.22% loss on the day. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw a decrease of 0.51%. The data analytics and cloud monitoring company's stock has climbed by 12.42% in the past month, exceeding the Computer and Technology sector's gain of 2.98% and the S&P 500's gain of 0.45%. Analysts and investors alike will be keeping a close eye on the performance of Datadog in its upcoming earnings disclosure. On that day, Datadog is projected to report earnings of $0.41 per share, which would represent a year-over-year decline of 4.65%. Our most recent consensus estimate is calling for quarterly revenue of $789.55 million, up 22.36% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.69 per share and revenue of $3.23 billion. These totals would mark changes of -7.14% and +20.17%, respectively, from last year. Any recent changes to analyst estimates for Datadog should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.1% lower. Datadog is currently sporting a Zacks Rank of #4 (Sell). In terms of valuation, Datadog is currently trading at a Forward P/E ratio of 76.76. This expresses a premium compared to the average Forward P/E of 27.94 of its industry. We can also see that DDOG currently has a PEG ratio of 9.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices. The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 52, finds itself in the top 22% echelons of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow DDOG in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Datadog, Inc. (DDOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research