GAGA Share Market News

[hfe_template id='11223'] [ad_1] Affirm's shares jumped 19.5% on Friday, as a strong holiday shopping season helped the buy now, pay later lender post a surprise quarterly profit and forecast upbeat annual revenue. More consumers used its BNPL services to take advantage of heavy discounts by retailers on everything from apparel to electronics to lure budget-conscious shoppers during the holiday season. "With inflation and interest rates still elevated, consumers are prioritizing flexibility in how they pay. BNPL solutions like Affirm are meeting that demand, offering a way for people to manage expenses without relying on traditional credit," said Michael Hershfield, CEO and founder of fintech firm Accrue. Gross merchandise volume (GMV) - the total dollar amount of all transactions on the Affirm platform - jumped 35% to $10.1 billion in the second quarter ended December 31, exceeding analysts' estimates of $9.57 billion, according to data compiled by LS...

[hfe_template id='11223'] [ad_1] Shares of Hindalco today fell by 7% to an intraday low of Rs 657.65 on the BSE after the company’s wholly-owned subsidiary Novelis posted an 18% YoY drop in its net income attributable to the shareholders. The same stood at $128 million. The net income attributable to the common shareholder, excluding special items was reported at $179 million, down 1% YoY. The company reported that the adjusted EBITDA stood at $462 million, which was down by 5% YoY and up by 1% excluding the negative $25 million net impact from Sierre flooding. Meanwhile, the adjusted EBITDA per tonne shipped stood at $489, which shows a decline of 6% YoY. Net sales for the second quarter of fiscal year 2025 increased 5% versus the prior year period to $4.3 billion, mainly driven by higher average aluminum prices and a 1% increase in total flat rolled product shipments to 945 kilotonnes. “Our global footprint allowed us to achieve record beverage packaging shipments in t...

[hfe_template id='11223'] [ad_1] Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion in shares, answering in part calls from Elliott Management and other investors to bolster its stock price. Masayoshi Son's globe-spanning tech giant has been under pressure to buy back shares given that its market capitalisation trades at a large discount to the combined value of its assets. SoftBank said that over the next year it would buy back up to 6.8% of its own shares, worth as much as 500 billion yen. Elliott has pressured SoftBank for a $15 billion share buyback programme, according to a person familiar with the matter in June. The U.S activist investor rebuilt a stake worth more than $2 billion, the person added. SoftBank also posted a narrower quarterly net loss of 174.3 billion yen compared with a loss of 477.6 billion in the same period a year earlier. That was based on its reported net income attributable to sharehol...