Ribbon Communications: Q3 Earnings Snapshot – WTOP News
The utility lifted full-year earnings guidance to $2.62 to $2.68 per share after quarterly profit beat estimates and stronger electricity demand.
- 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.
186 Articles
186 Articles
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.
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
Infinity Bancorp Announces Third Quarter 2026 Financial Results
SANTA ANA, CA / ACCESS Newswire / October 29, 2026 / Infinity Bancorp (OTCQB:INFT) (the "Company" or "Bancorp"), the holding company for Infinity Bank (the "Bank"), today announced financial results for the quarter ended, September 30, 2026.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
