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Markets and investing
The distributor reported adjusted EBITA of SEK 27 million and a record 38% profit over working capital. Its 7.1% EBITA margin remains below the company’s 10% target, while inventory investment left operating cash flow slightly negative.
Markets and investing
Solstad Offshore reported third-quarter net income of $63 million and adjusted EBITDA of $41 million. A gain from selling part of Normand Tonjer and higher contributions from joint ventures helped lift results, while fleet utilization fell to 92%.
Markets and investing
Flotek shares climbed 17.2% in premarket trading after the company reported record quarterly revenue, earnings above expectations and higher full-year guidance.
Markets and investing
Curis shares rose 70.7% in premarket trading as investors looked toward a November 18 shareholder vote on a reverse stock split and upcoming clinical and earnings updates.