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SAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Symbotic Inc. SYM publicly traded securities between February 8, 2024 and November 26, 2024, inclusive (the "Class Period"), have until February 3, 2025 to seek appointment as lead plaintiff of the Symbotic class action lawsuit. Captioned Decker v. Symbotic Inc. , No. 24-cv-12976 (D. Mass.), the Symbotic class action lawsuit charges Symbotic and certain of Symbotic's top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Symbotic class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-symbotic-class-action-lawsuit-sym.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com . CASE ALLEGATIONS : Symbotic is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The Symbotic class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Symbotic had improperly accelerated its recognition of revenue. The Symbotic class action lawsuit further alleges that on November 27, 2024, Symbotic disclosed that it "identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024," "identified in its preliminary assessment of internal control over financial reporting for the fiscal year ended September 28, 2024 certain material weaknesses," and Symbotic's "previously issued financial statements for those periods, including the financial information included in [Symbotic]'s earnings press release for the fourth quarter and fiscal year 2024 and [Symbotic]'s supplemental presentation, should therefore no longer be relied upon." On this news, the price of Symbotic stock fell nearly 36%, according to the complaint. THE LEAD PLAINTIFF PROCESS : The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Symbotic publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Symbotic class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Symbotic class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Symbotic class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Symbotic class action lawsuit. ABOUT ROBBINS GELLER : Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 info@rgrdlaw.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pure Storage, Inc. PSTG shares are soaring after the company reported its third-quarter results after Tuesday's closing bell. Here's a look at the details from the report. The Details: Pure Storage reported quarterly earnings of 50 cents per share, which beat the analyst consensus estimate of 42 cents. Quarterly revenue came in at $831.07 million which beat the consensus estimate of $818.14 million and is an increase over sales of $762.84 million from the same period last year. Pure Storage reported: Subscription services revenue of $376.4 million, up 22% year-over-year. Subscription annual recurring revenue (ARR) of $1.6 billion, up 22% year-over-year. Remaining performance obligations (RPO) of $2.4 billion, up 16% year-over-year. Non-GAAP gross margin was 71.9%. Non-GAAP operating income was $167.3 million. Non-GAAP operating margin was 20.1%. Operating cash flow of $97 million. Free cash flow of $35.2 million “Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler,” said Pure Storage CEO Charles Giancarlo . “This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption,” Giancarlo added. Read Next: TikTok Shop Bags More Than $100 Million In Black Friday Sales With Potential Ban Ahead Outlook: Pure Storage sees fourth-quarter revenue of $867 million, versus the $856.93 million estimate, and fiscal 2025 revenue of $3.15 billion, versus the $3.13 billion estimate. PSTG Price Action: According to Benzinga Pro , Pure Storage shares are up 23.55% after-hours at $66.15 at the time of publication Tuesday. Read More: Art Cashin’s Lessons: Cuban Crisis Trades To Timeless Wall Street Wit Photo: Courtesy of Pure Storage, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None
Canada Post removes deadline for letters to Santa’s H0H0H0 postal codeTesla Stock Prices Soar! Is the Future of Gaming On Wheels?PARIS — Howling winds couldn’t stop Notre Dame Cathedral ’s heart from beating again. People stand outside Notre-Dame Cathedral on Nov. 29 in Paris. With three resounding knocks on its doors by Paris Archbishop Laurent Ulrich, wielding a specially designed crosier carved from fire-scorched beams, the monument roared back to life Saturday evening. For the first time since a devastating blaze nearly destroyed it in 2019, the towering Gothic masterpiece reopened for worship, its rebirth marked by song, prayer, and awe beneath its soaring arches. The ceremony, initially planned to begin on the forecourt, was moved entirely inside due to unusually fierce December winds sweeping across the Île de la Cité, flanked by the River Seine. Yet the occasion lost none of its splendor. Inside the luminous nave, choirs sang psalms, and the cathedral’s mighty organ, silent for nearly five years, thundered to life in a triumphant interplay of melodies. The vaulted ceiling of the Notre-Dame cathedral is seen Nov. 29 in Paris. The restoration, a spectacular achievement in just five years for a structure that took nearly two centuries to build, is seen as a moment of triumph for French President Emmanuel Macron, who championed the ambitious timeline — and a welcome respite from his domestic political woes. The evening’s celebration, attended by 1,500 dignitaries, including President-elect Donald Trump, US first lady Jill Biden, Britain’s Prince William, and Ukrainian President Volodymyr Zelenskyy, underscored Notre Dame’s enduring role as both a spiritual and cultural beacon. Observers see the event as Macron's, and his intention to pivot it into a fully fledged diplomatic gathering, while highlighting France’s ability to unite on the global stage despite internal political crises. France's iconic Notre Dame Cathedral is formally reopening its doors on Saturday for the first time since a devastating fire nearly destroyed ... As the cathedral’s largest bell, the 13-ton Emmanuel — which was not named after the French leader — tolled into the Paris night, signaling the start of the ceremony, the crowd inside Notre Dame fell into an expectant hush. Emmanuel, a legacy of King Louis XIV, had rung through centuries of French history, and its peal now resonated as a call to witness another epochal moment. Outside the cathedral’s monumental doors, Ulrich raised his fire-scarred crosier. “Brothers and sisters, let us enter now into Notre Dame,” he declared. “It is she who accompanies us on our path to peace.” With the congregation of over 2,500 people watching in silence, Ulrich struck the floodlit doors, the base of his crosier reverberating against the wood. Inside, the choir answered with soaring hymns, their voices filling the nave. Illuminations on the cathedral facade heightened the drama. On the final strike, the heavy doors swung open, revealing the glowing interior of restored blond Lutetian limestone. Adding to the ceremony’s visual splendor, Ulrich and the clergy wore vibrant liturgical garments designed by French fashion designer Jean-Charles de Castelbajac. Known for his signature pop-art aesthetic, Castelbajac created 2,000 colorful pieces for 700 celebrants, blending modern elements with medieval touches. Flooded with light and song, the cathedral came alive in a moment of breathtaking spectacle. What had been a silent, soot-blackened ruin five years ago now blazed with renewed vitality, marking the culmination of a nearly $1 billion global effort to resurrect it. Speaking inside the cathedral, Macron expressed “gratitude” Saturday to those who saved, helped, and rebuilt Notre Dame, his voice reverberating through the nave. People gather near France's iconic Notre Dame Cathedral, hours before formally reopening its doors for the first time since a devastating fire nearly destroyed the 861-year-old landmark in 2019, on Saturday in Paris. “I stand before you ... to express the gratitude of the French nation,” he said, before voices flooded the space with song, harmonies not heard in over five years. “Tonight, the bells of Notre Dame are ringing again. And in a moment, the organ will awaken,” sending the “music of hope” cascading through the luminous interior to Parisians, France, and the world beyond, he said. The celebration is expected to give a much-needed boost to the embattled French leader, whose prime minister was ousted this week, plunging the nation’s politics into more turmoil. Macron has called Notre Dame’s reopening “a jolt of hope.” Observers say he hoped the occasion would briefly silence his critics and showcase France’s unity and resilience under his leadership — a rare moment of grace in a presidency now facing a grave crisis. Inside Notre Dame, 42,000 square meters of stonework—equivalent to six soccer pitches—gleamed anew, revealing intricate carvings and luminous limestone. Above, 2,000 oak beams, nicknamed “the forest,” restored the cathedral’s iconic spire and roof. The great organ, dormant for over five years, roared back to life like a slumbering giant. With its 7,952 pipes—ranging from pen-sized to torso-wide—and a renovated console featuring five keyboards, 115 stops, and 30 foot pedals, it responded to Archbishop Laurent Ulrich’s command: “Wake up, organ, sacred instrument.” Notre Dame's thunderous great organ was heard in public for the first time since 2019 at the cathedral's reopening ceremony Saturday night. The first low rumble grew into a triumphant symphony as four organists pulled out the stops, weaving improvised responses to the archbishop’s invocations. Eight times, Ulrich addressed the organ; eight times, its voice filled the nave with breathtaking sound. Guests marveled at the spectacle, many capturing the moment on their phones. “It’s a sense of perfection,” said François Le Page of the Notre Dame Foundation, who last saw the cathedral cloaked in scaffolding in 2021. “It was somber then. Now, it’s night and day.” The Rev. Andriy Morkvas, a Ukrainian priest who leads the Volodymyr Le Grand church in Paris, reflected on his first visit to Notre Dame in over a decade. “I didn’t recognize it,” he said. “God is very powerful; He can change things.” He expressed hope that the cathedral’s revival could inspire peace in his homeland, drawing strength from the presence of Ukraine’s president. “I think that will have a big impact,” he said. “I hope Notre Dame and Mary will help us resolve this conflict.” The reopening of Notre Dame comes at a time of profound global unrest, with wars raging in Ukraine and the Middle East. For Catholics, Notre Dame’s rector said the cathedral “carries the enveloping presence of the Virgin Mary, a maternal and embracing presence.′′ “It is a magnificent symbol of unity,” Olivier Ribadeau Dumas said. “Notre Dame is not just a French monument — it is a magnificent sign of hope.” The international range of dignitaries coming to Paris underline the cathedral’s significance as a symbol of shared heritage and peace. Canadian visitor Noelle Alexandria, who had traveled to Paris for the reopening, was struck by the cathedral’s ability to inspire. “She’s been nearly ruined before, but she always comes back,” Alexandria said. “Not many of us could say the same after such tragedy, but Notre Dame can.” Guests entered through Notre Dame’s iconic western façade, whose arched portals adorned with biblical carvings were once a visual guide for medieval believers. Above the central Portal of the Last Judgment, the Archangel Michael is depicted weighing souls, as demons attempt to tip the scales. These stone figures, designed to inspire both awe and fear, set the stage for a ceremony steeped in history. Inside, the hum of hundreds of guests awaiting the service filled the cathedral with human sounds once more — a stark contrast to the construction din that echoed there for years. Tuners restoring the great organ often worked through the night to find the silence needed to perfect its 7,952 pipes, ranging from pen-sized to torso-wide. Notre Dame echoed to the sound of a sustained standing ovation after the showing of a short movie that documented the gargantuan rebuilding effort. Outside, the word “MERCI” — thank you — was projected against the cathedral’s iconic western facade. The movie showed the terrible wounds left by the inferno — the gaping holes torn into its vaulted ceilings and the burned roof. But that was followed by images of all types of artisans, many using traditional handicraft techniques, who collectively restored Notre Dame to look better now than ever. "We went from night to light," said one of the workers in the movie. Security will be high through the weekend, echoing measures taken during the Paris Olympics earlier this year. The Île de la Cité — the small island in the River Seine that is home to Notre Dame and the historic heart of Paris— is closed to tourists and non-residents. Police vans and barriers blocked cobblestoned streets in a large perimeter around the island, while soldiers in thick body armor and sniffer dogs patrolled embankments. A special security detail followed Trump. For many, Notre Dame’s rebirth is not just a French achievement but a global one — after the reopening, the cathedral is set to welcome 15 million visitors annually, up from 12 million before the fire. People stand outside Notre-Dame Cathedral in Paris, Friday Nov. 29 2024 before French President Emmanuel Macron's final visit to the construction site to see the restored interiors before the iconic monument's reopening for worship on Dec. 8. (Sarah Meyssonnier, Pool via AP) The tabernacle of Notre-Dame de Paris cathedral is seen while French President Emmanuel Macron visits the restored interiors of the monument, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) The vaulted ceiling of the Notre-Dame cathedral is seen while French President Emmanuel Macron visits the restored interiors of the monument, Friday, Nov. 29, 2024 in Paris. (Sarah Meyssonnier/Pool via AP) Windows in the heart of Notre-Dame de Paris cathedral are seen while French President Emmanuel Macron visits the restored interiors of the monument, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) People stroll in Notre-Dame de Paris cathedral while French President Emmanuel Macron visits the restored interiors the monument, Friday, Nov.29, 2024 in Paris. (Christophe Petit Tesson, Pool via AP) French President Emmanuel Macron, center, and his wife Brigitte Macron visit the restored interiors of the Notre-Dame de Paris cathedral, Friday, Nov.29, 2024 in Paris. (Christophe Petit Tesson, Pool via AP) French President Emmanuel Macron, third right, and his wife Brigitte Macron visit the restored interiors of the Notre-Dame de Paris cathedral, Friday, Nov.29, 2024 in Paris. (Christophe Petit Tesson, Pool via AP) People gather as French President Emmanuel Macron visits the renovated Notre Dame Cathedral Friday, Nov. 29, 2024 in Paris. (AP Photo/Michel Euler) French President Emmanuel Macron gestures as he visits the restored interiors of the Notre-Dame de Paris cathedral, Friday, Nov.29, 2024 in Paris. (Christophe Petit Tesson, Pool via AP) The nave, the western Rose window and the organ of Notre-Dame de Paris cathedral are seen while French President Emmanuel Macron visits the restored interiors of the monument, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) A man takes a picture of Notre Dame Cathedral as French President Emmanuel Macron visits the renovated cathedral, Friday, Nov. 29, 2024 in Paris. (AP Photo/Michel Euler) The nave of Notre-Dame de Paris cathedral is seen while French President Emmanuel Macron visits the restored interiors of the cathedral, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) People stroll in Notre-Dame de Paris cathedral while French President Emmanuel Macron visits the restored interiors the monument, Friday, Nov.29, 2024 in Paris. (Christophe Petit Tesson, Pool via AP) The South Rose stainglass window of Notre-Dame de Paris cathedral is seen while French President Emmanuel Macron visits the restored interiors of the cathedral, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) The South Rose stainglass window of Notre-Dame de Paris cathedral is seen while French President Emmanuel Macron visits the restored interiors of the cathedral, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) The nave of Notre-Dame de Paris cathedral is seen while French President Emmanuel Macron visits the restored interiors of the cathedral, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) Part of the nave and the organ of Notre-Dame de Paris cathedral are seen while French President Emmanuel Macron visits the restored interiors of the cathedral, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) The altar designed by French artist and designer Guillaume Bardet is seen in the heart of Notre-Dame de Paris cathedral while French President Emmanuel Macron visits the restored interiors of the monument, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) The altar designed by French artist and designer Guillaume Bardet is seen in the heart of Notre-Dame de Paris cathedral while French President Emmanuel Macron visits the restored interiors of the monument, Friday Nov. 29, 2024, in Paris. (Stephane de Sakutin, Pool via AP) The facade of Notre-Dame de Paris cathedral in Paris, is seen Friday Nov. 29, 2024, ahead of French President Emmanuel Macron's final visit to the construction site to see the restored interiors. (Stephane de Sakutin, Pool via AP) The facade of Notre-Dame Cathedral is seen in Paris, Friday Nov., 29 2024 ahead of French President Emmanuel Macron's final visit to the construction site to see the restored interiors before the iconic monument's reopening for worship on Dec. 8. (Christophe Petit Tesson, Pool via AP) Part of the facade of Notre-Dame Cathedral is seen in Paris, Friday Nov., 29 2024 ahead of French President Emmanuel Macron's final visit to the construction site to see the restored interiors before the iconic monument's reopening for worship on Dec. 8. (Christophe Petit Tesson, Pool via AP) People stand inside Notre-Dame Cathedral in Paris, Friday Nov. 29 2024 before French President Emmanuel Macron's final visit to the construction site to see the restored interiors before the iconic monument's reopening for worship on Dec. 8. (Sarah Meyssonnier, Pool via AP) Get local news delivered to your inbox!
HOUSTON--(BUSINESS WIRE)--Dec 3, 2024-- Stewart Information Services Corporation (NYSE:STC) today announced its Board of Directors has agreed with Frederick H. Eppinger , Chief Executive Officer (CEO), to amend and restate his employment agreement, extending the term for another three years through the end of 2028. “In five years as CEO, Fred has guided Stewart by developing our strategy, capabilities and team, much in a down market, resulting in more than doubling our market cap and increasing market share to over 10 percent,” said Thomas G. Apel, Chairman of the Board. “Fred has built momentum, both financially and operationally. The Board is confident that Fred is the right leader for Stewart to continue delivering financial stability and shareholder value.” “In my first three years at Stewart, my goal was to focus our company’s strengths and fortify our position in the market, and I’m extremely proud of the commitment and dedication of our employees to get behind this singular goal,” said Eppinger. “Now that we are five years into our mission, not only have we fortified Stewart as an industry leader, but we have grown our share of the market. The work is not done and I’m excited about the continued opportunities ahead to innovate, expand and enhance our value proposition for our employees and customers, and to see us execute on our plans to capture 15 percent market share and 11-12 percent pretax margins.” Eppinger took over as CEO in September of 2019 after having served as a director of Stewart since 2016. Since assuming the CEO position, Eppinger has led the company through a global pandemic and driven sustained growth and momentum through one of the worst housing markets in history. Even when managing through these difficult macro conditions, he has remained relentless in his pursuit of growth, scale, and pretax margin improvement. Eppinger has hired best-in-class leaders, delivered on more than thirty strategic acquisitions, expanded the company’s digital and technological capabilities, built additional capacity into the system, and sought out ways to drive efficiencies through process and data management improvements. All these actions and more have enhanced the company’s market presence and its financial strength, helping to solidify Stewart’s position as a leader in the title insurance space for another 130 years. About Stewart Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted ProvidersTM and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage and real estate industries, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at stewart.com . Cautionary statement regarding forward-looking statements. Certain statements in this press release are "forward-looking statements", including statements related to Stewart’s plans to achieve certain market share and pretax margin targets. Forward-looking statements, by their nature, are subject to various risks and uncertainties that could cause our actual results to differ materially. Such risks and uncertainties include the volatility of general economic conditions and adverse changes in the level of real estate activity, as well as a number of other risk and uncertainties discussed in detail in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2023. We expressly disclaim any obligation to update, amend or clarify any forward-looking statements contained in this press release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law. ST-IR View source version on businesswire.com : https://www.businesswire.com/news/home/20241203492253/en/ CONTACT: John Chattaway, Stewart Media Relations (713) 625-8180;mediarelations@stewart.com KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY SOURCE: Stewart Information Services Corporation Copyright Business Wire 2024. PUB: 12/03/2024 04:45 PM/DISC: 12/03/2024 04:43 PM http://www.businesswire.com/news/home/20241203492253/enTelangana CM Revanth condemns attacks on houses of film personalities
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