latest news in companies
RioCan Real Estate Trust Reports Record Occupancy Amid Q3 Earnings
Toronto, Tuesday, 12 November 2024.
RioCan Real Estate Investment Trust announced strong Q3 2024 results, showcasing resilience in the Canadian real estate market. The trust reported increased revenue and net income, with sales rising to CAD 279.56 million, up from CAD 269 million year-over-year, signaling robust sector growth.
Remote Patient Monitoring Market Set for 12% Growth by 2030
San Francisco, Tuesday, 12 November 2024.
The global remote patient monitoring market, valued at $40 billion in 2023, is projected to grow at a 12% CAGR through 2030. This surge is driven by the rising prevalence of chronic diseases and the increasing adoption of digital health solutions, particularly in diabetes care and cardiac monitoring.
AI-Powered SecAi Launches on Oracle Cloud to Bolster Enterprise Security
Global, Tuesday, 12 November 2024.
Reaktr.ai introduces SecAi, an advanced AI-driven security service, on Oracle Cloud Infrastructure. This cutting-edge solution supports over 120 large language models and integrates with 80+ external data sources, aiming to revolutionize cybersecurity for global enterprises in an evolving threat landscape.
DMG Blockchain Seeks Capital Boost with Overnight Offering
Global, Monday, 11 November 2024.
DMG Blockchain Solutions Inc. announced an overnight marketed offering to enhance financial flexibility. This move aligns with a broader trend of blockchain firms expanding capital in a rapidly growing industry. The offering, led by Canaccord Genuity Corp., is expected to close around November 19, 2024.
ICL Group Raises 2024 Outlook Despite Q3 Revenue Dip
Tel Aviv, Monday, 11 November 2024.
ICL Group reported Q3 2024 earnings with sales of $1.75 billion, down from $1.86 billion year-over-year. Despite lower revenue, adjusted EBITDA rose to $383 million from $346 million. The company raised its full-year 2024 EBITDA guidance to $0.95-1.05 billion, showcasing resilience in challenging market conditions.
Defense Giants Lockheed Martin and Hensoldt Explore Strategic Partnership
Bethesda, Monday, 11 November 2024.
Lockheed Martin and German defense firm Hensoldt are discussing potential cooperation in maritime command systems and radar technologies. This collaboration aims to enhance strategic capabilities in defense, with a focus on developing high-performance systems built and maintained in Germany.
Monday.com Surpasses Q3 Earnings Expectations with 32.7% Revenue Growth
Tel Aviv, Monday, 11 November 2024.
Monday.com reported Q3 2024 earnings, beating analyst estimates with earnings of $0.85 per share and revenue of $251 million, marking a 32.7% year-over-year increase. The company’s performance signals strong growth in the project management software sector.
Continental Boosts Earnings Despite Sales Dip
Hannover, Monday, 11 November 2024.
Continental AG reports increased Q3 earnings despite a 4% sales drop, showcasing resilient financial management. The company’s automotive sector improved profitability through cost reductions and price adjustments, while winter tire sales performed well. Continental revises its 2024 sales forecast amid ongoing economic challenges.
AR Navigation Market Set to Soar: Industry Giants Lead the Charge
Global, Monday, 11 November 2024.
The augmented reality navigation market is projected to grow from $1.17 billion in 2024 to $6.33 billion by 2029, with a staggering 40.3% CAGR. Industry leaders like Google and Accenture are driving innovation, particularly in automotive applications, as global demand for advanced in-car technologies surges.
Virtual Reality Market Set to Soar: $35 Billion Forecast by 2029
Global, Monday, 11 November 2024.
The immersive virtual reality industry is poised for explosive growth, with projections indicating a surge from $10.1 billion in 2024 to $34.9 billion by 2029. This 28% annual growth is driven by rapid digital adoption, Metaverse popularity, and advancements in display technology.