Latest News for Aero Energy Stock (OTC:AAUGF)

Aero Energy Ltd formerly Angold Resources Ltd is a gold exploration and development company. The company has four properties in the portfolio; including two in Chile and others in Nevada and Canada. The property portfolio includes Dorado, Cordillera, Iron Butte, Hope Butte, and Uchi.

Aero Energy Ltd

Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.25 by 2.4 percent. This is a 5.19 percent decrease over earnings of $1.35 per share from the same period last year. The company reported quarterly sales of $3.15 billion which beat the analyst consensus estimate of $3.10 billion by 1.68 percent. This is a 1.19 percent decrease over sales of $3.19 billion the same period last year.

Earnings

News

Canadian National Railway Q1 EPS $1.28 Beats $1.25 Estimate, Sales $3.15B Beat $3.10B Estimate

Guidance

Highwood Properties Sees FY24 FFO $3.46-$3.61 Vs $3.57 Est.

ROIC

Retail Opportunity Investments Says On Track Thus Far To Achieve Its Previously Stated Objectives For 2024

MANH

Manhattan Associates Sees FY24 Adj. EPS $3.86-$3.94 Vs $3.77 Est.; Revenue $1.026B-$1.034B Vs $1.022B Est.

GNLN

Greenlane Gets Nasdaq Notification Of Non-Compliance With Listing Rule 5250(c)(1)

AWIN

AERWINS Technologies Reveals Additional Staff Determination; Co. Expects To File Form 10-K In The Coming Days

AEYE

AudioEye Sees FY24 Adj. EPS $0.38-$0.46 Vs $(0.19) Est.

AudioEye Sees Q2 2024 Adj. EPS $0.12-$0.13 Vs $(0.06) Est.

The Federal Trade Commission faced legal threats when it first considered banning employers <a href="https://www.benzinga.com/money/what-is-a-non-compete">from using non-compete contracts</a>.
The agency went ahead Tuesday and made the rule official.
What Happened: The FTC <a href="https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes">approved</a> a final rule that bans non-compete agreements nationwide in a 3-2 vote. Democratic commissioners — Chair Lina Khan, Rebecca Slaughter and Alvaro Bedoya — voted in favor of the new rule; Republican commissioners Melissa Holyoak and Andrew Ferguson voted against it.
Discussions on the matter have been underway for well over a year. 
The U.S. Chamber of Commerce <a href="https://www.uschamber.com/finance/antitrust/the-ftcs-noncompete-rulemaking-is-blatantly-unlawful">said</a> in January 2023 it was prepared to challenge the FTC in court over whether the ban is legal. According <a href="https://news.bloomberglaw.com/ip-law/ftc-to-issue-non-compete-ban-as-chamber-lawsuit-looms">to</a> Bloomberg News, a court challenge is in the works.
Non-competes, the Chamber <a href="https://www.uschamber.com/assets/documents/FTC-Noncompete-Comment-Letter_FINAL_04.17.23.pdf">argues</a>, benefit both employers and employees. With a non-compete clause, companies are more inclined to invest in training and holding onto employees to avoid losing trade secrets to rival firms. 
Recall the 2023 sale of Barstool Sports to Dave Portnoy, which included <a href="https://www.benzinga.com/markets/equities/24/01/36764763/dave-portnoy-barstool-sports-could-return-to-sports-betting-with-draftkings-deal-report">several non-compete clauses</a>.
The FTC insists that noncompete clauses stifle wage growth, impede entrepreneurial spirit and inhibit labor market efficiency.
The decision follows a 90-day public comment period that garnered over 26,000 responses that were overwhelmingly in support of the proposed ban on non-competes. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38389508/did-the-feds-strategy-pay-off-goldman-sachs-projects-steady-inflation-decline-in-20">Did The Fed&#8217;s Strategy Pay Off? Goldman Sachs Projects Steady Inflation Decline In 2024</a>
Why It Matters: Under the new rule, roughly 30 million American workers will no longer be subject to non-compete agreements. 
They&#8217;re essentially allowed to pursue new employment opportunities or embark on entrepreneurial ventures without fear of legal repercussions.
The decision is also the first time in decades that the FTC officials issued an economy-wide change regarding competition. 
FTC projects economic benefits stemming from the ban on non-competes. The rule is expected to spur the creation of over 8,500 new startups annually, while also leading to higher earnings for workers, with an average increase of $524 per year. 
The rule could potentially lower health care costs by up to $194 billion over the next decade as well, the FTC said.
Existing non-competes can remain in place for certain policymaking individuals making over a certain amount each year (constituting less than 0.75% of the workforce). 
What&#8217;s Next: The ruling is poised to have far-reaching effects on job mobility, innovation and business formation across the U.S.
Employers are prohibited from entering into new non-competes with senior executives. Additionally, employers must provide notice to workers bound by existing non-competes, informing them the agreements will no longer be enforced.
The ban on non-competes is set to take effect 120 days after its publication in the Federal Register.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon" target="_blank" rel="noreferrer noopener">Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: ‘Drivers Of Inflation Have Changed'</a>
Image: Shutterstock.

Government

Regulations

Non-Compete Clauses Are A Thing Of The Past, At Least For Now: FTC Issues Landmark Ban, Chamber Of Commerce Plans To Sue

Featuring leading sports champions including&nbsp;Sarah Spain, Sheryl Swoopes and more,&nbsp;the Women&#39;s Sports Audio Network will highlight and scale women&#39;s sports coverage across broadcast radio, podcasts, streaming and events

IHRT

iHeartMedia, Deep Blue Sports + Entertainment Announce New Partnership To Launch The Women's Sports Audio Network

WIIM

WFRD

Weatherford International shares are trading higher after the company reported better-than-expected Q1 financial results.

Several solar stocks including Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), SolarEdge Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) and Sunnova Energy International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) are trading lower in Tuesday&#8217;s after-hours session in sympathy with shares of Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), which fell after the company reported <a href="https://www.benzinga.com/news/earnings/24/04/38391465/enphase-energy-q1-earnings-revenue-eps-come-in-below-estimates-amid-softening-us-demand">worse-than-expected quarterly results</a>.
<h1 class="wp-block-heading">What Happened With Enphase?</h1>
<ul>
<li>Q1 Revenue: $263.3 million, versus&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $281.95 million</li>
</ul>
<ul>
<li>Q1 EPS: 35 cents, versus estimates of 40 cents</li>
</ul>
Enphase Energy&#8217;s U.S. revenue was down approximately 34% on a year-over-year basis in the first quarter, while revenues in Europe increased by approximately 70%. 
&#8220;The decline in revenue for the&nbsp;first quarter&nbsp;of 2024 compared to the&nbsp;fourth quarter&nbsp;of 2023 was the result of seasonality and a further softening in U.S. demand, while we continued to reduce shipments to manage channel inventory,&#8221; the company said. 
Enphase also issued weak guidance, which appears to be adding to the selling pressure after hours. The company guided for second-quarter revenue of $290 million to $330 million versus estimates of $350.706 million. Enphase shares were down approximately 8% at last check.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
<h1 class="wp-block-heading">What To Expect From RUN, SEDG and NOVA</h1>
Sunrun, SolarEdge Technologies and Sunnova Energy are all scheduled to report quarterly results in early May. 
Sunnova will report after the market close on May 1. Analysts are anticipating a loss of 73 cents per share on revenue of $194.778 million, according to <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Sunrun is due to report earnings after the market close on May 8. The company is expected to report a loss of 46 cents per share and revenue of $470.894 million. 
SolarEdge is also scheduled to report earnings after the market close on May 8. Analysts are looking for a loss of $1.57 per share on revenue of $194.061 million.
See Also: <a href="https://www.benzinga.com/news/24/04/38376714/wall-streets-most-accurate-analysts-views-on-3-energy-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Energy Stocks With Over 3% Dividend Yields</a>
RUN, SEDG, NOVA Price Action:&nbsp;At publication time, Sunrun shares were down 1.07% at $10.17 after hours, SolarEdge shares were down 2.22% at $55.39 and Sunnova shares were down 1.02% at $3.88, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Andreas from Pixabay.

After-Hours Center

Movers

ENPH

NOVA

SEDG

Why Sunrun, SolarEdge, Sunnova Energy Shares Are Moving Lower After Hours

Prior to this authorization, 224,852&nbsp;shares remained available to repurchase under the existing program.&nbsp; Combined with the shares authorized today, the total 2.22 million 2&nbsp;shares available for repurchase represent approximately&nbsp;11.2%&nbsp;of the Company&#39;s issued and outstanding shares of common stock as of April 23, 2024.&nbsp;

Buybacks

WSBF

Waterstone Financial Board Authorizes Repurchase Of Up To An Additional 2M Shares Of Common Stock

West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.46 by 8.7 percent. The company reported quarterly sales of $1.627 billion which beat the analyst consensus estimate of $1.465 billion by 11.03 percent. This is the same as the same period last year.

Earnings Beats

Earnings Misses

West Fraser Timber Q1 2024 GAAP EPS $0.42 Misses $0.46 Estimate, Sales $1.627B Beat $1.465B Estimate

EastGroup Properties Sees Q2 2024 FFO $1.99-$2.07 Vs $2.06 Est.

EastGroup Properties Sees FY24 FFO $8.17-$8.37 Vs $8.32 Est.

Baker Hughes Says 2024 Has Gotten Off To A Good Start For Company; Says Solid Q1 Results Put It On A Path Toward Achieving Full-year Guidance

Agree Realty Sees FY24 AFFO $4.10-$4.13 Vs $4.07 Est.

International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), will be reporting its first-quarter earnings on Wednesday. Wall Street expects $1.59 in EPS and $14.6 billion in revenues as the company reports <a href="https://www.benzinga.com/calendars/earnings?tickers=IBM">after market hours</a>.
IBM stock is up over 45% in the past year, and has risen 11.75% YTD. IBM stock is being propelled by its rapid product deployment, focused attention on AI, and robust cash flows.
As investors prepare for IBM&#8217;s upcoming earnings report, insights from BofA Securities shed light on the company&#8217;s trajectory and potential.
<h2 class="wp-block-heading">The IBM Analyst</h2>
BofA Securities&#8217; analyst Wamsi Mohan maintains a Buy rating on IBM, with a price target of $220, suggesting 20.9% upside from the current price of $181.90.
<h2 class="wp-block-heading">The IBM Investment Thesis&nbsp;Ahead Of Q1 Earnings</h2>
Mohan emphasizes IBM&#8217;s defensive investment appeal, highlighting its substantial exposure to recurring sales, robust cost-cutting strategies, and solid balance sheet.
IBM&#8217;s Continued Turnaround
Additionally, Mohan anticipates IBM&#8217;s potential for share gains and stable margins, particularly in light of its focus on enterprise AI adoption and software growth. &#8220;Longer term, we expect IBM to take share in IT spending with its Cloud and AI initiatives,&#8221; said Mohan.
Related: <a href="https://www.benzinga.com//node/38138141">IBM Will Expand Its Cloud Operations In Canada With Launch Of New Cloud Multizone Region To Open In Montreal, Quebec</a>
Mohan underscores the significance of IBM&#8217;s consulting segment, especially amidst softness in the consulting industry. Despite challenges faced by peers like Accenture PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), he remains optimistic about IBM&#8217;s signings momentum and expects the company to maintain its guidance for the year. 
Mohan also anticipates IBM&#8217;s continued turnaround, driven by revenue growth and improvement in free cash flow.
AI Adoption At IBM
In terms of enterprise AI adoption, Mohan highlights IBM&#8217;s significant book of business related to GenAI, expecting further growth in this area. He anticipates updates on enterprise AI proof of concepts and pipeline insights in the upcoming earnings report.
Looking ahead, Mohan maintains his expectation of strong free cash flow of around $12 billion in 2024, driven by higher profitability and strategic adjustments in cash requirements.
IBM Price Action: Shares of IBM finished 0.16% higher at $182.19 on Tuesday.
Read Next: <a href="https://www.benzinga.com//node/38349204">Can Magnificent 7 Help Script Market Turnaround? Earnings Pick Up Pace With Microsoft, Meta, Alphabet And Tesla Expected This Week</a>
Photo: Shutterstock

Analyst Color

Previews

Analyst Ratings

Tech

Trading Ideas

IBM's Moment Of Truth As Earnings Expected To Impress With Strong AI Influence, Analyst Says

FOXO

FOXO Technologies Reveals Receipt Of Notice Of Non-Compliance With NYSE Continued Listing Requirements

Press Releases

Angold Resources Announces US Projects Sale

Angold Resources Completes Sale of US Projects

Angold Resources Announces Share Consolidation

Small Cap

FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS

Uranium Headed Towards a Market Renaissance - Here's How to Seize the Opportunity