
Corcept: Q1 Earnings Snapshot
REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Corcept Therapeutics Inc. (CORT) on Monday reported first-quarter net income of $20.3 million.
The Redwood City, California-based company said it had net income of 17 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share.
The drug developer posted revenue of $157.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $178 million.
_____

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
China Matters' Feature: Low-altitude Economy -- A New Industry Reshaping Global Transportation
BEIJING, June 10, 2025 /PRNewswire/ -- From electric vehicles (EVs) to the 4,500-kilometer high-speed railway network that accounts for two thirds of the global total, China is forging a connected world with its outstanding strength. In the field of transportation, China is pioneering a brand-new frontier: the low-altitude economy. To put it in a simpler way, vehicles can transform into flying machines to facilitate people's daily travels. In the future, flying taxis, delivery drones, and airborne adventures are poised to redefine transportation. With the emergence of such companies as DJI drone, China accounts for over 70% of global civilian drone sales. EHang, a Guangzhou-based tech pioneer, has become the world's first company to secure full aviation certifications for its passenger-carrying flying vehicles. The market value of China's low-altitude economy skyrocketed to over $70 billion in 2023, achieving an impressive annual growth rate of 33.8%. What's more, a new low-altitude route between Shenzhen and Zhuhai cuts the three-hour drive down to a 20-minute flight. Faster, more affordable, and with Instagram-worthy views: this is how urban mobility is redefining itself. None of this would be possible without cutting-edge technology. With 5G-Advanced networks tracking aircrafts in real-time, drones can now help plant crops, deliver packages, aid disaster relief operations. This sector's rapid growth highlights its potential to reshape logistics, tourism, and emergency services, signaling vast economic opportunities. Technological advancements in renewable energy, Al, and telecommunications have accelerated the development of low-altitude technologies, while government support and private investments fuel the progress of the entire industry. By integrating radar systems, 5G networks, and Al-driven monitoring, China aims to build a secure, efficient low-altitude ecosystem for future generations. Click the link below to know more about this new technology. Stay tuned for more exciting content coming soon. YouTube Link: View original content to download multimedia: SOURCE China Matters Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
New Gold (NGD) Stock Declines While Market Improves: Some Information for Investors
In the latest market close, New Gold (NGD) reached $4.76, with a -2.06% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.63%. Shares of the gold mining company witnessed a gain of 27.56% over the previous month, beating the performance of the Basic Materials sector with its gain of 4.58% and the S&P 500's gain of 6.29%. The investment community will be closely monitoring the performance of New Gold in its forthcoming earnings report. The company is expected to report EPS of $0.08, up 300% from the prior-year quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.39 per share and revenue of $1.31 billion. These totals would mark changes of +95% and +41.21%, respectively, from last year. Investors might also notice recent changes to analyst estimates for New Gold. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.96% higher. As of now, New Gold holds a Zacks Rank of #3 (Hold). Looking at its valuation, New Gold is holding a Forward P/E ratio of 12.46. For comparison, its industry has an average Forward P/E of 12.99, which means New Gold is trading at a discount to the group. The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
Apollo Makes Strategic Investment in T.D. Williamson
Global infrastructure company T.D. Williamson (TDW) has received a strategic investment from Apollo— though Houston-based private equity firm SCF Partners will retain a majority ownership stake in the infrastructure company, TDW said June 10. SCF Partners acquired TDW in 2022. The size of Apollo's investment was not disclosed. TDW has been a leader in the pipeline maintenance and integrity industry for more than 100 years. The company's offerings include a suite of maintenance and asset optimization solutions that enhance safety, reliability and performance for the full lifecycle of pipeline infrastructure. The company holds more than 500 registered patents, including 'innovations in advanced isolation, integrated pigging, in-line integrity assessment and repair — deployed across both infrastructure and utility end markets,' the company said. '…We are committed to delivering best-in-class, technically differentiated solutions to support the evolving needs of the operators of critical pipeline infrastructure. This investment by Apollo Funds, alongside our existing relationship with SCF Partners, marks a significant milestone in our journey as we continue to invest in meeting the needs of our customers through innovation and expanding our global reach," said TDW CEO Bob McGrew Scott Browning, partner at Apollo, said TDW has a long track record of innovation and customer service and that the investment company will support TDW management and SCF to accelerate strategic growth initiatives. "For over a century, TDW has stood at the forefront of pipeline integrity and innovation," commented Deviyani Misra-Godwin, managing director at SCF. "Over the past three years, we've seen tremendous growth in the company, with the team expanding its technology and product portfolio, deepening customer relationships, and continuing to lead the way on safety and operational excellence. We're honored to continue to work alongside TDW's world-class team and excited to welcome Apollo Funds as a strategic partner in this next chapter of growth." TDW and SCF Partners were advised by Vinson & Elkins LLP. Kirkland & Ellis LLP advised the Apollo Funds.