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Meta Unveils New Quest Pro VR Headset

Silk Road Medical Climbs On Seeing Narrower Q3 Loss

Shares of the medical device company Silk Road Medical, Inc (SILK) are gaining more than 6 percent on Tuesday morning trade after the company announced positive guidance for the third quarter ended September 30.

The company’s preliminary estimates for the quarterly net loss is between $10.2 to $10.6 million, narrower than the prior year’s net loss of $13.9 million. Revenue for the quarter is projected to be $37.4 million, up 51 percent from $24.7 million in the previous year.

Currently, shares are at $45.55, up 7.25 percent from the previous close of $42.47 on a volume of 599,479.

Salesforce Rises 7%

Shares of Salesforce, Inc. (CRM) are rising 7 percent on Tuesday’s trading following reports that ‘activist investor’ has bought a stake in the software giant. According to CNBC, Starboard Value founder Jeff Smith said the stake in Salesforce was high but did not disclose the amount.

Currently at $158.11, the stock has traded between $137.59 and $311.75 during the past 52 weeks.

Albertsons Cos. Q2 Results Top Estimates

Food and drug retailer Albertsons Companies, Inc. (ACI) reported Tuesday that net income for the second quarter grew to $342.7 million or $0.59 per Class A common share from $295.2 million or $0.52 per Class A common share in the prior-year quarter.

Excluding items, adjusted net income was $0.72 per Class A common share, compared to $0.64 per Class A common share in the year-ago quarter.

Net sales and other revenue increased to $17.92 billion from $16.51 billion in the same quarter last year, primarily driven by the Company’s 7.4% increase in identical sales and higher fuel sales.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share on net sales of $17.72 billion for the quarter. Analysts’ estimates typically exclude special items.

As part of the agreed merger with Kroger, the Company will pay a special cash dividend of up to $4 billion to its stockholders. The cash component of the $34.10 per share consideration will be reduced by the per share amount of the special cash dividend, which is expected to be approximately $6.85 per share. This cash dividend will be payable on November 7, 2022, to stockholders of record as of the close of business on October 24, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Parker Posey Signs With CAA

EXCLUSIVE: Parker Posey has signed with CAA.

The veteran actress was most recently seen in HBO Max’s The Staircase — she played the eccentric prosecutor Freda Black — and in Tales of the Walking Dead.

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Posey next will appear in A24’s Disappointment Blvd. opposite Joaquin Phoenix; HBO Max’s The Parenting, with Brian Cox and Edie Falco; and Prime Video’s Mr. & Mrs. Smith, starring Donald Glover and Maya Erskine.

Her film credits include Dazed and Confused, Waiting for Huffman, Best in Show, Basquiat and The Anniversary Party.

Posey’s memoir, You’re on an Airplane: A Self Mythologizing Memoir, was published in 2018.

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Legend Biotech Trends Up

Legend Biotech Corp. (LEGN) shares are trading more than 8 percent on Tuesday morning trade in tandem with the market trend. The shares have been on an uptrend for the last few days.

Currently, shares are at $43.43, up 8.03 percent from the previous close of $40.20 on a volume of 685,282. For the 52-week period, the shares have traded in a range of $30.75-$57.67 on average volume of 771,020.

Meta Unveils New Quest Pro VR Headset

Meta Platforms Inc. (META) CEO Mark Zuckerberg on Tuesday unveiled a new VR headset, the Quest Pro, at an event held for developers.

Quest Pro carries a hefty price tag of $1,499, which is almost four times the price of Meta’s current headset, the Quest 2, which starts at $399. The high-end headset will begin shipping on October 25.

Meta Quest Pro’s lenses fold light over several times, reducing the size of the headset while showing sharper visuals. A new, curved battery on the back helps make Meta Quest Pro a more balanced and ergonomic headset overall.

High-resolution outward-facing cameras capture 4X as many pixels as Meta Quest 2 and make Meta Quest Pro our first full-color mixed reality device.

The headset also features inward-facing sensors to capture natural facial expressions and eye tracking. Users can raise an eyebrow, smile or simply make eye contact with someone, and their avatar will do the same.

Microsoft Chairman and CEO Satya Nadella joined Mark to announce a new partnership that will bring powerful new work and productivity tools to Meta Quest Pro and Meta Quest 2 next year, including apps for Microsoft Windows 365 and Microsoft Teams and the ability to join a Teams meeting from inside Meta Horizon Workrooms.