Raised FY2026 revenue guidance to $52M–$57M (vs. $46.89M); maintained FY2026 adjusted EBITDA loss guidance of $400M–$445M.
Earnings Call Insights: Allison Transmission Holdings, Inc. (ALSN) Q3 2026
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Victims of the Oct. 29 hack that stole approximately $6.3 billion in digital assets from crypto exchange operator Binance will be made whole using company funds, the exchange operator announced the day after the hack.
Richard Teng, Co-CEO of Binance, said in a video statement posted on X that the company has already used $5 billion to purchase the affected digital assets, including USDC, USDT, BTC, and others, through market and over-the-counter purchases.
“Most of what we earn from day-to-day operations is held in crypto assets and then is reinvested into the business and security,” he said. “Because we believe in crypto and the long-term value of this industry, this is precisely why we are able to absorb a loss of this size immediately with our own money.”
Binance plans to release a full proof-of-reserves report by Nov. 2. Until then, it has paused withdrawals to investigate, rebuild, and retest its entire infrastructure. The move has frozen an estimated $3 billion in digital assets, including $2.3 billion in stablecoins such as USDT and USDC, according to CoinDesk.
Binance initially said the hacker gained access to its system via a compromised laptop belonging to a DevOps engineer, but further investigation revealed that the hot wallet hack, which is used for regular transactions, was far more complex and involved multiple breach points.
“The attacker used a self-destruct mechanism that destroyed tooling and tracers as they ran, which makes it more difficult for us to trace and investigate,” said Teng. “The attacker used a known multi-signature protocol, EIP 7702, to obtain on-chain execution approval of a hot wallet. The delegation did not pass through our normal approval controls.”
“The attacker sold about 325 million USDT to market makers within minutes of receiving it,” said Ari Redbord, global head of policy at TRM Labs. “This shows how quickly stolen funds can reach unsuspecting counterparties.”
CFOs of firms with stablecoins frozen by Binance should prepare to prove that the frozen assets belong to their companies by providing copies of account agreements, every deposit and withdrawal address, transaction hashes, statements, and approval logs.
“Treasury should own that file, and copies should live on your own systems, since a custodian’s platform can go dark during an incident,” said Redbord. “When issuers like Tether and Circle freeze funds, the paper trail decides who gets them back.”
He also suggested that every corporate treasury have its custodian commit to five things in writing: a set time to inform you of an incident, clear legal title to the company’s assets that is separate from the custodian’s title, reviewable insurance and audit controls, systems divided by chain and wallet type, and round-the-clock cooperation with stablecoin issuers and law enforcement.
“This hack showed what that cooperation can do, because issuers froze about $2.7 billion within hours,” said Redbord. “Test it before you need it.”
Rob Daly writes about the economy and fintech. You can reach him at rdaly@gfmag.com
In October 2026, we increased our stock repurchase authorization by $100 million, increasing the remaining repurchase authorization to $144 million as of the date
Q4 guidance calls for 400 to 475 transactions, $100 million to $120 million in revenue, and sequential adjusted EBITDA improvement. The company ended Q3 with $12.1 million in unrestricted cash, estimated $55 million of equity in its inventory, and approximately $251 million of undrawn inventory financing capacity, most of it uncommitted.
Grab reports mixed Q3 results; raises FY26 outlook
Source link
Earnings Call Insights: Hinge Health (HNGE) Q3 2026
“Q3 saw strong top line performance and all-time highs on profitability. Revenue came in at $235 million… Gross margin came in at 88%… operating income came in at $77 million… Free cash flow, excluding onetime acquisition-related payments, was $120
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Earnings Call Insights: Jazz Pharmaceuticals (JAZZ) Q3 2026
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Earnings Call Insights: Fabrinet (FN) Q1 fiscal 2027
CEO Seamus Grady said the quarter was “an excellent start to fiscal 2027,” highlighting “first quarter revenue that was well above our guidance range” and “record non-GAAP earnings per share of $4.34.”
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Earnings Call Insights: Advanced Energy Industries (AEIS) Q3 2026
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Unitil Non-GAAP EPS of $0.62, revenue of $88.5M misses by $28.99M
Source link
Moussa81/iStock via Getty Images
AngloGold Ashanti (AU) climbed 3.3% in Monday’s trading as TD Cowen initiated coverage with a Buy rating and $123 target price, viewing the miner as “a high-quality senior producer, offering a combination of organic production growth and strong free cash flow generation, with a good
Oleh Khilinskyi/iStock via Getty Images
Home 
Awards Award Ceremonies and Events DBS Bank’s Han Kwee Juan: From Singapore-Centric to Global Powerhouse
DBS Bank’s Group Head of Institutional Banking reflects on the bank’s historic World’s Best Corporate Bank win, the shift toward more intentional supply chains, and how agentic AI is reshaping the way DBS serves corporate clients.
DBS Bank is the first bank from Southeast Asia to be named World’s Best Corporate Bank by Global Finance. Han Kwee Juan, Group Head of Institutional Banking, calls the award “a defining moment” for the bank. He sees it as recognition of DBS’s shift from a Singapore-centric corporate and institutional bank into a global partner that clients trust with their banking in Asia.
Han says many describe today’s supply chains as disrupted, but DBS sees something different among its clients: intentional supply chains. Companies are adopting local-for-local and region-for-region strategies to deal with trade challenges and tariffs. DBS responds by giving clients the flexibility to move across trade corridors while managing risk and liquidity. It also draws on its knowledge of Asian markets to help clients choose the right capital structure for each investment.
Technology is changing DBS in three ways, Han explains. First, a modernised tech stack enables instant payments and settlement. Second, agentic AI is transforming how the bank works internally. As an example, DBS has rolled out an agentic credit memo solution to all its relationship managers. With memos repared for them, it eaves RMs free to apply their own judgment and client knowledge. Third, DBS is preparing for an agentic world, ready to interact with clients’ own AI agents when they are ready.
Looking ahead, Han notes that liquidity is plentiful but under pressure. Hyperscalers and developed-market governments are drawing heavily on it to fund the AI and data infrastructure build-out, which makes it harder for other borrowers to access. DBS sees opportunity in new ways of raising funds for clients. That includes partnering with financial sponsors in private credit and private equity, and combining loans, syndication and capital markets with private players and insurers.
State Street My2028 High Yield Corporate Bond ETF declares monthly distribution of $0.1315
Source link
S&P U.S. Manufacturing PMI was revised to 54.9 from the initial estimate of 56.0, vs. September’s 55.9, according to data released on Monday.
The index remained above the critical 50.0 no-change mark for a fifteenth successive month.
Rising levels of
