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Ribbon Communications: Q3 Earnings Snapshot – WTOP News
Management lifted 2026 earnings guidance to $2.62 to $2.68 a share after hotter weather increased electricity demand and peak loads.
- On Wednesday, GE Vernova announced a $9 billion acquisition of Trench Group from investment firm Triton Partners, with the transaction expected to close in late 2027 using equal portions of cash and debt.
- Utilities are increasing spending to replace aging infrastructure and meet demand from data centers and industrial electrification, boosting demand for high-voltage transmission networks and specialized equipment that suppliers like Vernova provide.
- Power orders nearly tripled in the quarter while backlog grew to a record $197 billion; third-quarter revenue rose 27% to $12.64 billion and adjusted EBITDA stood at $1.94 billion.
- The acquisition expands Vernova's reach across Europe and Asia while providing access to Trench's backlog worth about $5 billion; production of 765-kilovolt equipment begins in Charlotte, North Carolina in late 2027.
- Vernova raised its 2026 revenue forecast to $46.5 billion to $47.5 billion for the third consecutive time and expects global tariffs to add less than $100 million to annual costs.
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196 Articles
Magna International announces on Friday that its third quarter profit has increased compared to last year, while its turnover has fallen slightly.
·Montreal, Canada
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The energy company reached $15.4 billion in profits, driven by the rise in crude oil and better refining margins. Revenues grew by 33%, while daily production fell by 6% compared to the previous year, according to the quarterly report.
·Buenos Aires, Argentina
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Adjusted earnings attributable to shareholders of the company amounted to 182.5 million euros in the third quarter, recording an increase of 7.4% - Adjusted EBITDA (AL) continued its positive momentum in the quarter, increasing by 3.1% year-on-year, to 371.4 million euros
·Marousi, Greece
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Coverage Details
Total News Sources196
Leaning Left28Leaning Right24Center51Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 27%
C 50%
R 23%
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