Pure Storage Up 14% On Better Q2 Results That Topped View

The International Space Station will soon be retired, but a replacement likely won't come from NASA

The International Space Station got its start in 1998 when its first segments were launched, and it's now starting to show its age.

Since 2000, the ISS has continuously housed a rotating group of astronauts from 19 countries. The station has the only laboratory for long-duration microgravity research and has been instrumental in a number of scientific developments including creating more efficient water filtration systems and exploring new ways to treat diseases such as Alzheimer's and cancer.

"The International Space Station is currently approved to operate through at least December 2024 with our agreements with the international partners," said Angela Hart, manager of the Commercial Low Earth Orbit Program Office at NASA. "However, as we are actively working to continue to do science and research, we understand that the ISS at some point will have its end of life."

But NASA will likely not build the next space station. Instead, the agency will depend on the technology of outside companies. A few, like Sierra Space in Colorado and Houston-based Axiom Space, are well on their way to constructing their own commercial space stations.

Watch the video above to learn more about the future of the International Space Station and the companies working toward building their own space outposts.

Hain Celestial Guides FY22 Adj. Net Sales Growth Above Estimates – Quick Facts

While reporting financial results for the fourth quarter on Thursday, organic and natural products company Hain Celestial Group, Inc. (HAIN) initiated adjusted net sales growth and adjusted EBITDA growth guidance for the full year 2022.

For fiscal 2022, the company now projects adjusted net sales growth in the low single digit percentage and adjusted EBITDA growth in the mid-to-high single digit percentage.

On average, 11 analysts polled by Thomson Reuters expect the company to report a sales decline of 3.7 percent to $1.98 billion for the year.

The company is announcing today that its Board of Directors has approved an additional $300 million share repurchase authorization.

For the fourth quarter, net income soared to $40.5 million or $0.40 per share from $3.7 million $0.04 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $0.39 per share, compared to $0.32 per share in the year-ago quarter.

Net sales for the quarter decreased 12 percent to $450.7 million from $511.7 million in the same quarter last year. Net sales also declined 17 percent on a constant currency basis and 8 percent on an organic basis.

The Street was looking for earnings of $0.39 per share on revenues of $459.23 million for the quarter.

Nick Mohammed Has Been Faking It on ‘Ted Lasso’

The British actor and soccer non-fan scored his first Emmy nomination playing a sharp soccer coach in the hit Apple TV+ comedy.

By Jeremy Egner

‘Mosquito Coast’ Star Melissa George Signs With Inspire Entertainment

EXCLUSIVE: Melissa George, who stars on the Apple TV+ original series, Mosquito Coast, has signed with Inspire Entertainment for management.

Over the years, George has starred in a variety of hit shows that were both critical and commercially successful. Those include In Treatment for which she was Golden Globe Nominated, The Slap-where she was the only actress to appear in both the Australian and US versions of the show as well as recurring roles in The Good Wife and Greys Anatomy. 

As for Mosquito Coast, the show earned George some of the best reviews of her career. The show was quickly given a renewal following its premiere and is expected to start shooting its second season soon.

She was also recently seen in Hulu’s The First as well as Netflix’s The Eddy. On the film side some of her credits include David Lynch’s Mulholland Drive, Mikael Hafstrom’s Derailed and David Slade’s 30 Days of Night.

She continues to be repped by The Gersh Agency and lawyered by Goodman, Genow, Schenkman, Smelkinson, and Christopher

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Doximity Slides 8% After Reaching Year-to-Date High

Doximity, Inc. (DOCS) shares are sliding more than 8 percent on Thursday morning trade after reaching a year-to-date high yesterday. There were no corporate announcements from the company to impact the stock movement.

Shares of the cloud-based healthcare provider for doctors and healthcare providers are currently at $85.73, down 7.12 percent from the previous close of $92.05 on a volume of 782,306. The shares have traded in a range of $41.17-$95.97 on average volume of 2,087,627.

Pure Storage Up 14% On Better Q2 Results That Topped View

Pure Storage, Inc. (PSTG) shares are trading more than 14 percent on Thursday morning after the company reported a narrower net loss for the second quarter, supported by 23 percent revenue growth from the previous year. Analysts’ estimates beat second-quarter results and the projection for the third quarter and fiscal 2022.

The company reported quarterly net loss of $45.27 million or $0.16 per share, compared to net loss of $64.97 million or $0.25 per share last year. On an adjusted basis, earnings were $0.14 per share. Wall Street analysts were expecting profit of $0.05 per share.

Revenue for the period increased to $496.83 million from $403.72 million a year ago. Wall Street expected $469.48 million.

Looking ahead, the company projects third-quarter revenue of $530 million and analysts estimates is $495.15 million.

The provider of storage-as-a-service in a multi-cloud world projects revenue of $2.04 billion, while analysts are expecting $1.96 billion.

Currently, shares are at $23.99, up 14.51 percent from the previous close of $20.95 on a volume of 8,758,291. For the 52-week period, the shares have traded in a range of $13.91-$29.53 on average volume of 4,041,040.