Trump Media's auditor, BF Borgers CPA PC, and owner Benjamin F. Borgers face SEC charges for 'massive fraud', raising concerns about financial data accuracy.
Conduent makes strategic move with the sale of its Casualty Claims Solutions business to MedRisk for $240 million cash. The transaction underscores Conduent's commitment to streamline its portfolio and focus on core capabilities for growth.
Fluor reported a Q1 FY2024 revenue decline of 0.5%, missing consensus. Sales by segment: Energy, Urban, Mission, and Others. Adjusted EPS at $0.47. Total new awards of $7.02B. 2024 outlook reaffirmed.
El Pollo Loco Holdings showcases robust growth, reporting a 1.4% year-on-year sales increase to $116.15 million in first-quarter FY24, surpassing analyst expectations. With a 5.1% rise in system-wide comparable restaurant sales and a 24% surge in operating income to $9.7 million, the company demonstrates resilience and profitability in its performance.
Proto Labs, Inc. reported 1.6% revenue growth in Q1 FY24, beating consensus. Adjusted gross margin and operating income also increased. Q2 outlook is mixed.