BlackBerry Beats Estimates, MGM Plunges on Withdrawn Bid, Starboard Takes Knife River Stake

Zacks Investment Research··US·Read original
3▲2 ▼3Impact / 5
Summary · why it matters

BlackBerry Limited reported second-quarter fiscal 2027 earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share, sending its shares up 4.2%. Darden Restaurants posted first-quarter fiscal 2027 earnings of $2.05 per share, missing the Zacks Consensus Estimate of $2.06 per share, and its shares fell 3%. MGM Resorts International shares plummeted 11% after Barry Diller's People Incorporated withdrew its takeover bid for the casino chain. Knife River Corporation shares gained 1.9% on reports that activist investor Starboard Value had acquired a significant equity stake in the company.

Impact on assets 6

Consumer Discretionary▼ · 3 stocks
Darden Restaurants Inc
DRI
▼ NegativeCapitalrelevance

Darden missed the Zacks consensus EPS estimate ($2.05 vs $2.06), and shares fell 3%.

MGM Resorts International
MGM
▼ NegativeCapitalrelevance

Barry Diller's People Incorporated withdrew its takeover bid for MGM Resorts, causing shares to plummet 11%.

Information Technology▲ · 1 stocks
BlackBerry Ltd
BB
▲ PositiveCapitalrelevance

BlackBerry beat the Zacks consensus EPS estimate ($0.07 vs $0.04), sending shares up 4.2%.

Materials▲ · 1 stocks
Knife River Corporation
KNF
▲ PositiveCapitalrelevance

Activist investor Starboard Value acquired a significant equity stake in Knife River, lifting shares 1.9%.

Communication Services▼ · 1 stocks
People Incorporated
PPLI
▼ NegativeCapitalrelevance

People Incorporated withdrew its takeover bid for MGM Resorts, a failed M&A event for the acquirer.

Off-coverage companies 1

Starboard Value LPPrivate± Mixed
relevance

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