GE Vernova: Q2 Earnings Snapshot
The Cambridge, Massachusetts-based company said it had profit of $1.86 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The the energy business spun off from General Electric posted revenue of $9.11 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $8.82 billion.
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New York Post
25 minutes ago
- New York Post
Why top NYC restaurants are bringing in famed chefs from around the world
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Yahoo
an hour ago
- Yahoo
Mass.-based burger chain to shut down more than two-thirds of its locations
It looks like Wahlbugers is hitting a wall. The nationwide burger chain, founded in Hingham by brothers Mark, Paul and Donnie Wahlberg, will close more than two-third of its locations, according to a report from Food Republic. The 79 locations that are shuttering belong to franchisee Hy-Vee Inc., a Midwestern supermarket chain that incorporated Wahlburgers kiosks in many of its stores as a replacement for its prior in-house dining option, Market Grille. Now, the chain plans to reintroduce Market Grille to its stores, according to Restaurant Business. The company's 2018 franchising deal with Hy-Vee was a significant component of its expansion. However, Wahlburgers CEO Randy Sharpe doesn't seem concerned about the development, as Hy-Vee comprised only a small portion of sales, according to Restaurant Business. 'We are growing restaurants,' Sharpe said in Restaurant Business' report. 'We're not going to be in the grocery business.' 'It's best that everyone stay in what their skill sets are and move on,' he added. The closures leave 34 locations, according to Food Republic, six of which are in Massachusetts: three in Boston (two within Boston Logan International Airport and one in the Fenway neighborhood), and one location each in Springfield, Plainville and Hingham. Outside of the United States, Wahlburgers has locations in Canada, New Zealand and Australia. The Wahlberg brothers founded Wahlburgers in 2011, and didn't expand to a second location – Toronto – until 2014. That same year, the family launched the reality TV program 'Wahlbugers,' which aired through 2019 and earned an Emmy nomination for 'Outstanding Unstructured Reality Program.' The latest from MassLive How Red Sox trade deadline strategy might be impacted by Marcelo Mayer's injury | Chris Cotillo Red Sox top draft pick (up to 99 mph) wants to make majors 'as fast as possible' Mookie Betts isn't in lineup vs. Red Sox on Friday, but here's when he'll be back Red Sox rookie still looking for answers on 'super annoying' wrist injury, return timeline Red Sox' Alex Cora explains promoting David Hamilton over Vaughn Grissom Read the original article on MassLive. Solve the daily Crossword
Axios
an hour ago
- Axios
Exclusive: Embedded tax startup April raises $38M
April, an embedded tax platform, has raised $38 million in a Series B round led by QED Investors, founder Ben Borodach tells Axios exclusively. Why it matters: Embedding tax tools directly into financial apps can improve financial decision-making and boost customer retention. Zoom in: Nyca Partners and Team8 also participated in the Series B round, bringing the total funding April has raised to date to $78 million. How it works: Fintech apps and financial institutions use April's APIs to integrate tax filing and planning directly into their platforms, enabling year-round, real-time tax management. April operates on a SaaS-based model, offering flat-rate pricing to fintech partners, who can choose to mark up services for their end customers. "Our vision is to embed tax in every financial decision," Borodach says. "Taxes should be happening where you're managing your money. They should be happening in real time, and they should be personalized to you." Context: New York-based April operates in a market dominated by legacy tax-preparation giants like Intuit, H&R Block, Thomson Reuters, and Wolters Kluwer. But it recently became the first new company in 15 years to achieve national e-file coverage in all 50 states, Borodach says. The company has also launched a series of new products over the past year, including pro-assisted and pro-led tax filing, quarterly estimate tools for small business owners, and paycheck withholding optimizers. As a result, it is seeing increased demand from wealth management platforms, including integrations with digital advisers catering to mass-affluent clients and an upcoming partnership with a trillion-dollar asset manager. By the numbers: April claims it can reduce the time it takes to prepare and file taxes from the IRS' reported 13‑hour average down to just 22 minutes. The company processed hundreds of thousands of returns through partnerships with over 50 fintech apps and financial institutions this past tax season. It has seen its business grow three times year-to-date and more than seven times over the past 12 months, Borodach says. What's next: The company is preparing to launch advanced tax planning tools around capital gains, retirement planning, and stock transactions.
