Mission Produce (NASDAQ:AVO) Stock

Mission Produce

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution, International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network. Geographically distributed across North America, China, Europe, and the U.K.

Mission Produce Inc

Avoca LLC

Advanced Voice Recognition Systems Inc

AMER VIDEO TELECONFRENCNG by American Video Teleconferencing Corp.

ALTAVOZ ENTERTAINMENT INC by Altavoz Entertainment, Inc.

Nurish.Me Inc

Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.91 by 1.1 percent. This is a 4.55 percent increase over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $3.35 billion which missed the analyst consensus estimate of $3.37 billion by 0.55 percent. This is a 2.53 percent decrease over sales of $3.44 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

OTIS

Otis Worldwide Q1 Adj. EPS $0.92 Beats $0.91 Estimate, Sales $3.35B Miss $3.37B Estimate

PYPL

PayPal Opened A New Regional Hub In Dubai, Which Serves As The Company's First Ever Location In The Middle East And Africa

Taylor Morrison Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>) reported quarterly earnings of $2.18 per share which beat the analyst consensus estimate of $1.88 by 15.96 percent. This is a 24.57 percent increase over earnings of $1.75 per share from the same period last year. The company reported quarterly sales of $1.90 billion which beat the analyst consensus estimate of $1.75 billion by 8.19 percent. This is a 11.53 percent increase over sales of $1.70 billion the same period last year.

TMHC

Taylor Morrison Home Q1 Adj. EPS $2.18 Beats $1.88 Estimate, Sales $1.90B Beat $1.75B Estimate

U.S. stock futures continued rising on Wednesday after a day of strong recovery on Tuesday. Futures of major benchmark indices were higher in premarket.
President Donald Trump <a href="https://www.benzinga.com/markets/equities/25/04/44943319/craig-shapiro-takes-a-dig-at-donald-trump-trump-2-0-same-as-1-0-after-administration-hints-at-a-">hinted at a deal with China</a>. While speaking to the reporters at the White House, he said, "I think we will make a deal with China. If we don't make a deal, we will set it. I think they will want to be a part of the United States. We're doing great. This is the Golden Age.&#8221;
Meanwhile, Treasury Secretary Scott Bessent, <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44935649/alibaba-nio-pdd-shares-rise-amid-potential-de-escalation-of-china-trade-tensions-whats-going-on">during a private meeting</a> hosted by JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), hinted at de-escalation with China. 
He said that a deal is achievable even as the formal negotiations have not begun yet. Bessent acknowledged that current duties were untenable, but did not provide the specifics or the timeline of the deal.
The 10-year Treasury bond yielded 4.34% and the two-year bond was at 3.83%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 94.2% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
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<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.17%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>2.49%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2.21%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 2.08% to $538.21, while the QQQ advanced 2.50% to $455.59, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Fueled by strong earnings reports from 3M Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) and Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), alongside a more than 5% after-hours surge for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), U.S. stocks closed higher Tuesday.
On the economic front, the U.S. Redbook Index increased 7.4% year-over-year in the week ending April 19.
All S&amp;P 500 sectors advanced, led by financial, consumer discretionary, and communication services stocks.
As of Tuesday, the Nasdaq 100 index was down 17.76% from its previous high of 22,222.61 points. The S&amp;P 500 index was 13.98% lower, as compared to the last record high of 6,147.43 points. On the other hand, Dow Jones was 13.06% down from its 52-week high of 45,073.63 points.

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<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.71%</td>
<td>16,300.42</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.51%</td>
<td>5,287.76</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>2.66%</td>
<td>39,186.98</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2.71%</td>
<td>1,890.28</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Senior economist Mohamed El-Erian underscored in an X post that volatility was the dominant theme for U.S. financial assets as the stocks recovered sharply on Tuesday after Monday&#8217;s heavy selloff.
According to him, Tuesday&#8217;s session followed the &#8220;exact opposite session on Monday,&#8221; which had seen a decline in equities, a fall in the dollar, and a rise in gold prices. 
He was of the opinion that &#8220;Given all the uncertainties in play, it is prudent to expect continued volatility in the weeks ahead.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Volatility continues to be the dominant theme for US financial assets: In both the regular session and after-hour trading on Tuesday, stocks bounced strongly, the dollar strengthened and yields edged lower — this as the US authorities signaled a greater probability of… <a href="https://t.co/quJb8UnWRt">pic.twitter.com/quJb8UnWRt</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1914830729902743918?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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Ryan Detrick from Carson Research highlighted a trend in the market, the occurrence of which has marked the bottom within the NYSE in 1987, 2009, 2011 and 2020.
According to the data, over 89% of stocks advanced, with 89% of trading volume on Tuesday. This has happened on two days within nine trading days on April 9 and April 22.
This market signal's reliability stems from extreme market breadth, indicating oversold conditions, often preceding rebounds as investor sentiment shifts.
However, the past performance isn't a guaranteed predictor, especially with current pressures like Trump's tariff policies and potential Federal Reserve rate changes.
Detrick said that after such a market signal, the market was &#8220;Up nearly 25% on avg 6 months later.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&gt;89% advancers and 89% of volume advancing on the NYSE has happened twice over the past 9 trading days. The first big day is a clue, the second is the signal. Rare stuff and has always marked lows. 1/5/87, 3/12/09, 8/11/11, and 4/8/20 Up nearly 25% on avg 6 months later. <a href="https://t.co/xPuEboktAA">pic.twitter.com/xPuEboktAA</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1914879487419830550?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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According to Louis Navellier of Navellier &amp; Associates, investors, including Fed Chairman Jerome Powell, have been &#8220;needlessly worried&#8221; about inflation and stagflation that has not materialized. &#8220;The reality is that deflation has arrived in the wake of the lowest crude oil prices in the past four years, so investors, the Fed, and our allies have been unnecessarily worried over nothing,&#8221; he said.
&#8220;The stock market is a manic crowd that likes to react first and think second. It is now time to think and prosper during another spectacular earnings announcement season. Spring has arrived, and consumers are increasingly getting out and about, which is why the strongest retail sales in two years just occurred,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul>
<li>Chicago Fed President Austan Goolsbee will speak at 9:00 a.m., whereas St. Louis Fed President Alberton Musalem and Fed Governor Christopher Waller speak after that at 9:30 a.m. ET.</li>
</ul>
<ul>
<li>April&#8217;s S&amp;P flash U.S. services and manufacturing PMI will be announced by 9:45 a.m., and new home sales data for March will be out by 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed Beige Book will be out by 2:00 p.m., and Cleveland Fed President Beth Hammack will speak at 6:30 p.m. ET.</li>
</ul>
<ul>
<li>Atlanta Fed President Raphael Bostic will speak at 7:40 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) rose 1.00% in premarket on Wednesday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 49 cents per share on revenue of $30.35 billion.</li>
</ul>
<ul>
<li>Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) was up 0.54% as Wall Street expects it to report earnings of $1.61 per share on revenue of $9.12 billion before the opening bell.</li>
</ul>
<ul>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) advanced 1.80% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 42 cents per share on revenue of $7.54 billion.</li>
</ul>
<ul>
<li>Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) gained 2.02% as Wall Street expects it to report earnings of 28 cents per share on revenue of $2.97 billion after the closing bell.</li>
</ul>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped 6.86% despite posting weaker-than-expected earnings and sales results for its first quarter on Tuesday. However, Elon Musk said that his time at the Department of Government Efficiency was likely to drop &#8220;significantly.&#8221;</li>
</ul>
<ul>
<li>Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) was 1.63% higher after reporting stronger-than-expected first-quarter. The company shipped 3.5 million tons of steel during the first quarter and generated $230 million of operating income from its steel operations.</li>
</ul>
<ul>
<li>EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) traded higher by 1.81% after projecting increased sales volume and adjusting 2025 expenditure plans for the year.</li>
</ul>
<ul>
<li>Sonoma Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) surged 77.25% after receiving U.K. MHRA registration for its hypochlorous acid acne products, set for launch in over 1,200 stores via a major pharmacy chain.</li>
</ul>
<ul>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) climbed 44.13% after it expanded Ohio Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining with 500 more S19j Pro Antminers for its second site, boosting the total Ohio hash rate to 130 PH/s.</li>
</ul>
<ul>
<li>MYT Netherlands Parent BV ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) shares plunged by 30.72% after it decided to rebrand as LuxExperience B.V. with a change in its ticker from MYTE to LUXE on NYSE from May 1, 2025.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.81% to hover around $64.82 per barrel.
Gold Spot US Dollar declined 1.83% to hover around $3,319.46 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.17% at the 99.0890 level.
Asian markets were higher on Wednesday, Hong Kong's Hang Seng, India's S&amp;P BSE Sensex, Japan's Nikkei 225, China&#8217;s CSI 300, Australia's ASX 200, and South Korea's Kospi index all advanced. European markets were also higher in early trade.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44942759/gamestop-short-seller-andrew-left-goes-long-on-china-and-these-two-us-stocks-amid-the-market-correction-heres-more-on-it">GameStop Short Seller Andrew Left Goes Long On China And These 2 US Stocks Amid Market Correction</a></li>
</ul>
Photo courtesy: Frontpage / Shutterstock.com

Equities

Futures

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

$BTC

AGRI

MYTE

SNOA

STLD

TSLA

US Stocks Likely To Open Higher After Trump Administration Hints At A Deal With China: 'It Is Prudent To Expect Continued Volatility In The Weeks Ahead,' Says Expert

TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) is looking for Q3 Adj EPS of $2.06 vs $2.10 analyst estimate. sees sales of $4.300 billion vs $4.23 billion analyst estimate.

Guidance

TE Connectivity Sees Q3 Adj EPS $2.06 vs $2.10 Est; Sees Sales $4.300B vs $4.23B Est

TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) is looking for Q3 GAAP EPS of $2.02 vs $2.07 analyst estimate..

TE Connectivity Sees Q3 GAAP EPS $2.02 vs $2.07 Est

TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) reported quarterly earnings of $2.10 per share which beat the analyst consensus estimate of $2.03 by 3.45 percent. This is a 12.9 percent increase over earnings of $1.86 per share from the same period last year. The company reported quarterly sales of $4.14 billion which beat the analyst consensus estimate of $4.12 billion by 0.54 percent. This is a 4.44 percent increase over sales of $3.97 billion the same period last year.

TE Connectivity Q2 Adj. EPS $2.10 Beats $2.03 Estimate, Sales $4.14B Beat $4.12B Estimate

Mullen Group (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MTL#TSX">MTL</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.22 by 4.55 percent. This is a 16 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $497.10 million which missed the analyst consensus estimate of $498.74 million by 0.33 percent. This is a 7.46 percent increase over sales of $462.60 million the same period last year.

TSX:MTL

Mullen Group Q1 Adj. EPS $0.21 Misses $0.22 Estimate, Sales $497.10M Miss $498.74M Estimate

Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) reported quarterly earnings of $5.15 per share which beat the analyst consensus estimate of $5.10 by 0.98 percent. This is a 0.78 percent increase over earnings of $5.11 per share from the same period last year. The company reported quarterly sales of $10.36 billion which beat the analyst consensus estimate of $10.23 billion by 1.28 percent. This is a 0.18 percent increase over sales of $10.35 billion the same period last year.

Thermo Fisher Scientific Q1 Adj. EPS $5.15 Beats $5.10 Estimate, Sales $10.36B Beat $10.23B Estimate

Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) CEO Jim Taiclet outlined an ambitious plan to enhance the F-35 fighter jet <a href="https://www.benzinga.com/news/contracts/25/03/44445996/lockheed-martin-shares-sink-after-major-us-air-force-contract-goes-to-boeing-what-to-know">following the company&#8217;s loss</a> of the Next Generation Air Dominance (NGAD) program contract to Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
What Happened: During Lockheed&#8217;s first quarter of 2025 earnings call on Tuesday, Taiclet said he has challenged his team to deliver &#8220;80% of 6th Gen capability at 50% of the cost&#8221; by applying technologies developed for its NGAD bid to the existing F-35 platform.
&#8220;We are moving forward and moving out on applying all the technologies that we developed for our NGAD bid onto our embedded base of F-35 and F-22,&#8221; Taiclet said, describing his vision as a &#8220;5th generation plus concept&#8221; for the F-35.
The aerospace giant <a href="https://www.benzinga.com/25/04/44922218/lockheed-martin-posts-strong-q1-says-maintained-2025-guidance-doesnt-include-tariff-impact">reported strong first-quarter results</a> with earnings per share of $7.28, beating analyst estimates by $0.97, and revenue of $17.96 billion, up 4.47% year-over-year.
Lockheed maintained its full-year guidance despite tariff challenges and the NGAD decision, projecting $73.75-74.75 billion in revenue and $27.00-27.30 in earnings per share. The company returned $1.5 billion to shareholders through dividends and <a href="https://www.benzinga.com/25/04/44922218/lockheed-martin-posts-strong-q1-says-maintained-2025-guidance-doesnt-include-tariff-impact">share repurchases during the quarter</a>.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44943149/larry-summers-warns-trumps-irs-cuts-could-cost-americans-1-trillion-over-10-years-calls-strategy-raw-incompetence">Larry Summers Warns Trump&#8217;s IRS Cuts Could Cost Americans $1 Trillion Over 10 Years, Calls Strategy &#8216;Raw Incompetence&#8217;</a>
Why It Matters: The March F-47 contract award to Boeing represented a significant setback for Lockheed, with Reuters reporting the deal could be worth <a href="https://www.benzinga.com/news/contracts/25/03/44445996/lockheed-martin-shares-sink-after-major-us-air-force-contract-goes-to-boeing-what-to-know">hundreds of billions of dollars over its multi-decade lifetime</a>. This followed Lockheed&#8217;s elimination from consideration for the Navy&#8217;s next-generation carrier-based stealth fighter.
Despite these challenges, Taiclet emphasized the F-35&#8217;s continued importance. With approximately 1,100 aircraft already delivered and a projected global fleet exceeding 3,500, he positioned the F-35 as the &#8220;quarterback&#8221; in future air combat operations.
&#8220;We think we can get most of the way to 6th Gen at half the cost,&#8221; Taiclet said.
The company also highlighted recent contract wins worth up to $10 billion for missile systems, including Precision Strike Missiles, THAAD, and JASSM/LRASM.
Price Action: Lockheed Martin stock closed at $462.08 on Tuesday, up 0.82% for the day. In pre-market trading, the stock was up an additional 0.85% at $466.00. Year to date, however, the stock is down 4.18%.
LMT trails key U.S. rivals—Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), Raytheon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), and Boeing on the momentum metric, with the stock showing a negative price trend over the medium to long term. However, according to Benzinga Edge Stock Rankings, LMT still exhibits a positive short-term price trend. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcolqTZ7-yIiJzNATDviEo" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said Warren Buffett Is A ‘Learning Machine&#8217; And That&#8217;s What Lies Beneath Berkshire Hathaway&#8217;s Success From One Decade To Another</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

Lockheed Martin Targets 80% Of 6th Gen Capabilities In F-35 At Half The Cost After Losing NGAD Contract To Boeing

Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.62 by 3.23 percent. This is a 48.84 percent increase over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $2.04 billion which beat the analyst consensus estimate of $1.94 billion by 4.99 percent. This is a 24.22 percent increase over sales of $1.64 billion the same period last year.

Vertiv Hldgs Q1 Adj. EPS $0.64 Beats $0.62 Estimate, Sales $2.04B Beat $1.94B Estimate

Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) widens FY2025 Adj EPS guidance from $3.50-$3.60 to $3.45-$3.65 vs $3.54 analyst estimate. Raises FY2025 sales outlook from $9.13 billion-$9.28 billion to $9.32 billion-$9.57 billion vs $9.19 billion estimate.

Vertiv Holdings Widens FY2025 Adj EPS Guidance from $3.50-$3.60 to $3.45-$3.65 vs $3.54 Est; Raises FY2025 Sales Guidance from $9.13B-$9.28B to $9.32B-$9.57B vs $9.19B Est

Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) is looking for Q2 Adj EPS of $0.77-$0.85 vs $0.88 analyst estimate. sees sales of $2.325 billion-$2.375 billion vs $2.27 billion analyst estimate.

Vertiv Holdings Sees Q2 Adj EPS $0.77-$0.85 vs $0.88 Est; Sees Sales $2.325B-$2.375B vs $2.27B Est

VSAT

Inmarsat Maritime, A Viasat Company, Has Signed An Agreement With Sallaum Lines To Upgrade To Inmarsat Maritime's Nexuswave Fully Managed Bonded Connectivity Service, Marking Them An Early Adopter In Region

Macro Economic Events

Econ #s

Economics

Germany 10-Year Bund Auction 2.470% Vs. 2.680% Prior

Outlook for the Fourth&nbsp;Quarter of the Fiscal Year 2025
New Oriental expects total net revenues, excluding revenues generated from East Buy private label products and livestreaming business, in the fourth&nbsp;quarter of the fiscal year 2025 (March&nbsp;1, 2025 to May 31, 2025) to be in the range of US$1,009.1 million to US$1,036.6 million, representing year over year increase in the range of 10% to 13%. The projected increase of revenue in the Company's functional currency Renminbi is expected to be in the range of 12% to 15% for the fourth quarter of the fiscal year 2025

New Oriental Education & Technology Group

New Oriental Expects Q4 Net Revenues (Excluding East Buy and Livestreaming) Between $1.01 B-$1.04 B Vs. $1.22B Est., Reflecting 10-13% YoY Growth

The CEO of&nbsp;Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Mike Wirth, recently discussed the current dynamics of the oil industry, addressing the volatility of&nbsp;oil prices, capital expenditure strategies,&nbsp;and geopolitical challenges.
What Happened: Wirth attributed the recent dip in West Texas Intermediate (WTI) crude oil prices, nearing $60 per barrel, to expected demand slowdowns and increased supply. He cited macroeconomic uncertainties, particularly tariff and trade tensions, as the primary reasons for concerns about reduced global demand, in a recent interview with CNBC.
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When asked about recession, the Chevron CEO stated, &#8220;..there&#8217;s no sign that we see at this point that we&#8217;re in or close to a recession.&#8221; However, he acknowledged slowing growth and volatility. 
Despite the market&#8217;s volatility, Wirth emphasized Chevron&#8217;s strong balance sheet and&nbsp;disciplined approach to capital expenditure. The company has proactively cut its capital expenditure&nbsp;by $1 billion for 2025&nbsp;and announced cost reductions of&nbsp;$2-3 billion over the next&nbsp;two years.
The CEO also stated at $70 per barrel crude oil price, they expect $10 billion of incremental free cash flow growth in 2025-26, while at $60 per barrel, the free cash flow expectation is at $9 billion.
On tariffs, Wirth downplayed their&nbsp;direct impact on Chevron, acknowledging&nbsp;potential indirect effects through macroeconomic&nbsp;shifts and global trade dynamics. He also highlighted the administration&#8217;s&nbsp;supportive energy policies, which recognize&nbsp;the U.S.&#8217;s&nbsp;abundant energy resources as a&nbsp;driver of economic prosperity, energy&nbsp;security, and national security.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal" target="_blank" rel="noreferrer noopener">Trump Pledges &#8216;Substantial&#8217; Cut In China Tariffs, But Refuses To Make It &#8216;Zero:&#8217; &#8216;If They Don&#8217;t Make A Deal, We Will Set The Deal&#8217; &#8211; Benzinga</a>
Why It Matters: Wirth&#8217;s comments come in the wake of Chevron&#8217;s ongoing negotiations with the Trump administration over its operations in Venezuela. Wirth has been <a href="https://www.benzinga.com/markets/25/03/44415905/chevron-ceo-reportedly-seeks-trumps-support-for-venezuela-exit-extension">engaging </a>with Trump's cabinet members, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, seeking an extension to wind down the company's operations in the country. In Tuesday&#8217;s interview, he described the situation as complex and noted that Chevron&nbsp;is engaging with the U.S.&nbsp;Department of Treasury to advocate for maintaining its presence.
Furthermore, the impact of trade tensions between the U.S. and China on the <a href="https://www.benzinga.com/news/global/25/04/44860334/china-cuts-us-oil-purchases-by-90-boosts-imports-from-canada-to-new-heights">oil industry </a>cannot be overlooked. Recent reports indicated that Chinese refiners have cut their U.S. oil imports by approximately 90% since 2023 due to escalating trade tensions, turning instead to Canadian crude.
Chevron holds a value rating of 80.91% and a growth rating of 35.05%, according to&nbsp;<a href="https://www.benzinga.com/quote/CVX" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Chevron CEO Sees 'No Sign' Of Recession At This Point, Predicts Up To $10 billion In Free Cash Flow By 2026

New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) reported quarterly earnings of $0.70 per share which missed the analyst consensus estimate of $0.73 by 4.11 percent. This is a 11.11 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $1.18 billion which missed the analyst consensus estimate of $1.20 billion by 1.42 percent. This is a 1.99 percent decrease over sales of $1.21 billion the same period last year.

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