Education Tech Firm McGraw Hill Raises $414.6 Million in IPO
The Columbus, Ohio-based firm sold 24.39 million shares for $17 each, according to a statement Wednesday confirming an earlier Bloomberg News report. The company marketed shares at $19 to $22 each, according to an earlier US Securities and Exchange Commission filing.
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Semiconductor testing company Teradyne (NASDAQ:TER) met Wall Street's revenue expectations in Q2 CY2025, but sales fell by 10.7% year on year to $651.8 million. On the other hand, next quarter's revenue guidance of $740 million was less impressive, coming in 2.3% below analysts' estimates. Its non-GAAP profit of $0.57 per share was 4.9% above analysts' consensus estimates. Is now the time to buy Teradyne? Find out in our full research report. Teradyne (TER) Q2 CY2025 Highlights: Revenue: $651.8 million vs analyst estimates of $650.5 million (10.7% year-on-year decline, in line) Adjusted EPS: $0.57 vs analyst estimates of $0.54 (4.9% beat) Adjusted Operating Income: $98.2 million vs analyst estimates of $97.05 million (15.1% margin, 1.2% beat) Revenue Guidance for Q3 CY2025 is $740 million at the midpoint, below analyst estimates of $757.2 million Adjusted EPS guidance for Q3 CY2025 is $0.78 at the midpoint, below analyst estimates of $0.89 Operating Margin: 13.9%, down from 28.8% in the same quarter last year Free Cash Flow Margin: 20.2%, down from 23.5% in the same quarter last year Inventory Days Outstanding: 114, down from 116 in the previous quarter Market Capitalization: $14.53 billion 'Our Semiconductor Test Group drove better than expected results in the second quarter. System-on-a-Chip (SOC), primarily for artificial intelligence applications, was the strongest growth driver,' said Teradyne CEO, Greg Smith. Company Overview Sporting most major chip manufacturers as its customers, Teradyne (NASDAQ:TER) is a US-based supplier of automated test equipment for semiconductors as well as other technologies and devices. Revenue Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Unfortunately, Teradyne struggled to consistently increase demand as its $2.83 billion of sales for the trailing 12 months was close to its revenue five years ago. This wasn't a great result and suggests it's a lower quality business. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions. Long-term growth is the most important, but short-term results matter for semiconductors because the rapid pace of technological innovation (Moore's Law) could make yesterday's hit product obsolete today. Just like its five-year trend, Teradyne's revenue over the last two years was flat, suggesting it is in a slump. This quarter, Teradyne reported a rather uninspiring 10.7% year-on-year revenue decline to $651.8 million of revenue, in line with Wall Street's estimates. Company management is currently guiding for flat sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 12.5% over the next 12 months, an improvement versus the last two years. This projection is noteworthy and implies its newer products and services will fuel better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Product Demand & Outstanding Inventory Days Inventory Outstanding (DIO) is an important metric for chipmakers, as it reflects a business' capital intensity and the cyclical nature of semiconductor supply and demand. In a tight supply environment, inventories tend to be stable, allowing chipmakers to exert pricing power. Steadily increasing DIO can be a warning sign that demand is weak, and if inventories continue to rise, the company may have to downsize production. This quarter, Teradyne's DIO came in at 114, which is 28 days above its five-year average. These numbers suggest that despite the recent decrease, the company's inventory levels are higher than what we've seen in the past. Key Takeaways from Teradyne's Q2 Results We enjoyed seeing Teradyne beat analysts' EPS expectations this quarter. We were also happy its adjusted operating income narrowly outperformed Wall Street's estimates. On the other hand, its revenue guidance for next quarter missed. Overall, this quarter was mixed. The stock traded up 3% to $93.36 immediately after reporting. So should you invest in Teradyne right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
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Broad Capital Acquisition Corp. Announces Voluntary SEC Deregistration
Dallas, Texas, July 29, 2025 (GLOBE NEWSWIRE) — Broad Capital Acquisition Corp. (the 'Company') (NASDAQ: BRAC, BRACR, BRACU), a special purpose acquisition company, today announced today that it intends to voluntarily deregister from its reporting requirements to the Securities and Exchange Commission (the 'SEC'). As previously disclosed, on January 18, 2023, the Company entered into a definitive Agreement and Plan of Merger and Business Combination Agreement, as amended (the 'Business Combination Agreement'), with Openmarkets Group Pty Ltd., an Australian proprietary limited company ('OMG'), BMYG OMG Pty Ltd., an Australian proprietary limited company, in connection with its initial business combination. On January 22, 2025, the Nasdaq Stock Market ('Nasdaq') ceased trading of the Company's securities because the Company was not in compliance with Nasdaq's Listing Rule 5450(b)(2)(B) because, as of December 31, 2024, it has not maintained a minimum of 1,100,000 publicly held shares. On February 12, 2025, the Company received a notice of termination from OMG advising that OMG had terminated the Merger Agreement pursuant to Section 11.1(d)(i) of the Merger Agreement. On June 5, 2025, the Securities and Exchange Commission (the 'SEC') filed a Form 25 to delist the Company's securities from Nasdaq. In view of the foregoing, the Board of Directors of the Company has determined to voluntarily file a Form 15 to deregister with the SEC after carefully considering the advantages and disadvantages of continuing registration and listing. The costs and administrative burdens associated with being a publicly reporting company have significantly increased, particularly in light of new SEC, Sarbanes-Oxley and Nasdaq requirements. Our Board has determined that the rising costs of compliance, as well as the substantial demands on management time and resources, outweigh the benefits the Company receives from maintaining its registered status. We believe that deregistering will result in significantly reducing expenses, avoiding even higher future expenses and will enable our management to focus more of its time and resources on operating the Company. Forward-Looking Statements This press release contains certain forward-looking statements that express the Company's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms 'believes,' 'estimates,' 'anticipates,' 'expects,' 'seeks,' 'projects,' 'intends,' 'plans,' 'may,' 'will' or 'should' or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding the Company's intentions, beliefs or current expectations concerning the Company's performance, business and future events. Such forward-looking statements are based on management's expectations, beliefs and forecasts concerning future events impacting the Company. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The forward-looking statements made in this press release speak only as of the date hereof and the Company disclaims any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in the Company's expectations or future events. ContactsBroad Capital Acquisition TseChief Executive Officer (469) 951-3088
