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The Marked Chart Wire · Business
Wingstop
Wingstop reported third-quarter revenue of $185.1 million, below the $193 million estimate, while adjusted earnings per share of $1.08 beat expectations. Domestic same-store sales declined 5.4 percent, and the company now forecasts a 6.5 to 7 percent drop for the full year.
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Amazon
Amazon is eliminating up to 250 positions in its devices and services unit to boost efficiency. This follows the removal of about 1,000 retail jobs earlier this month, ahead of the company's Q3 earnings release.
Robinhood
Bernstein reiterated its Outperform rating on Robinhood, setting a $160 price target that implies roughly 69 percent upside. Analyst Gautam Chhugani cited growth in prediction markets and crypto infrastructure as key drivers for the next 12 to 18 months.
Musk Acquisition
Paradigm analysts view Viacom as having high potential for acquisition by Elon Musk, citing ongoing spectrum speculation.
Alexa
Amazon introduced a new lineup of smart home products, including an updated Echo Dot with a built-in Wi-Fi extender and a 16-inch Echo Show. The devices feature enhanced AI capabilities and are priced between $99.99 and $569.99.
Satellite Connectivity
Viasat, Space42, and Terrestar reached a preliminary accord to link their networks with the Equatys platform. The plan involves sharing capacity and gateways to support direct-to-device services while keeping CaStar under Canadian jurisdiction.
Wendy's
A group led by Trian Fund Management has reportedly proposed to buy Wendy's for $7.35 per share in cash. The company and Trian have not yet confirmed the deal.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.