Silynxcom H1 Operating Loss Narrows; Revenue Rises By 174%; Shares Up

Infosys Limited revised its FY27 revenue growth forecast to 1-2% from 1.5-3%, citing global tech market challenges. Q2 revenue was ₹49,244 crore, up 10.7% YoY, with net profit at ₹7,823 crore, up 6.2%. AI revenue grew 29% sequentially, but North American demand declined 1.5%. The company maintained its operating margin guidance of 20-22%.

American Express (AXP) raised its 2026 adjusted EPS guidance to $17.60-$17.90, up from $17.30-$17.90, after Q3 adjusted EPS rose 13% to $4.68. The company plans to cut 3,500 jobs (5% of workforce) due to rising costs, including a 15.5% increase in variable customer engagement costs. Shares fell 3.73% to $313.03 on October 23.

Preferred Bank (PFBC) reported Q3 2026 earnings, with CFO Edward Czajka noting a 3.06% deposit cost and expecting slower deposit beta on rate hikes. Chief Risk Officer Nick Pi updated on credit quality, mentioning $177.6M in classified loans. CEO Li Yu discussed competitive deposit markets and a 3.49% net interest margin, impacted by a $2.1M interest income reversal. Management expects solid loan growth in Q4.

First Citizens BancShares (FCNCA) reported Q3 2026 adjusted net income of $652M, EPS of $55.37, with strong loan and deposit growth. Credit quality improved, and $600M was returned to shareholders. Net interest margin remained stable at 3.07%, with modest expansion expected. Expenses are projected to rise in Q4. Management expects low to mid-single-digit expense growth and mid- to high single-digit NII growth in 2027. Fund banking loan growth may moderate from high levels.

Rithm Capital Corp (RITM) reported Q3 2026 EAD of $0.55 per share, exceeding dividends for 28 consecutive quarters. Newrez and Genesis performed well, with Newrez achieving 24% annualized ROE. The company targets $75-80B AUM by 2028 and expects $125M in annual savings from AI initiatives. However, it faces challenges from higher interest rates, declining origination volumes, and margin compression. Management expressed frustration with the stock's discount to book value.

First Industrial Realty Trust (FR) raised its FFO guidance for 2026, but reduced Q4 development leasing by 150,000 sq ft. Cash rent spreads for 2027 are expected to drop to 16% from 40.5% in 2026 due to rolling off peak rents. Interest expenses may rise by $0.01-$0.02 per share in 2027 as two swaps roll off. The company is evaluating new development opportunities and expects 65-75% retention for 2027 expirations.