Today's stock market

Ramelius Resources (RMS.AX) has reported a record quarterly gold production, resulting in an upgraded full-year production guidance and a reduction in cost guidance. The company announced during its earnings call that it achieved a gold production of 86,928 ounces for the quarter, with an all-in sustaining cost of $1,344 per ounce.

Getinge AB (GETI B), a leading global provider of medical technology products and solutions, reported a 5.2% increase in sales for the first quarter of 2024, with a steady organic sales performance despite previous year's high comparative figures from COVID-19 impacts in China. The company's order intake rose by 7.8%, showing organic growth across all business areas and regions.

By Manas Mishra and Zeba Siddiqui

ServisFirst Bancshares, Inc. (NYSE:SFBS) began the first quarter of 2024 on a positive note, showcasing significant growth in net loans and a robust loan pipeline. The bank's Chief Credit Officer, Henry Abbott, reported an improvement in credit quality, while the Chief Financial Officer, Kirk Pressley, noted the highest net interest income since Q1 of 2023 and an optimistic outlook for the year. The bank is preparing to enter a new market and has strengthened its team with nine new bankers. Despite a rise in non-performing assets, which was attributed to a single credit, ServisFirst remains well-positioned against its competitors in this area. The bank's liquidity position appears solid, with expectations of deposit growth and a lift in yields on earning assets. ServisFirst's customer base is expanding, buoyed by a more optimistic outlook and receding recession concerns.

(Reuters) – Disney Entertainment and ESPN Chief Technology Officer Aaron LaBerge would step down from the position and join gaming and sports media firm Penn Entertainment, according to a memo seen by Reuters on Monday.

Cathay General Bancorp (NASDAQ:CATY) experienced a 13.4% decrease in net income during the first quarter of 2024, reporting $71.4 million, as revealed in their recent earnings call. The decline was attributed to a mark-to-market loss from equity securities and an increased FDIC special assessment. Despite a decrease in total gross loans, the bank saw a significant increase in total deposits.

Simpson Manufacturing Company (SSD) has reported a mixed set of results for the first quarter of 2024. The company saw a slight decline in net sales, which totaled $530.6 million. Despite a relatively stable U.S. housing market, North American volumes grew by 8%, contrasting with a 3.4% decrease in European net sales.

By Svea Herbst-Bayliss

Investing.com– Most Asian stocks moved in a flat-to-low range on Tuesday as investors remained on edge ahead of earnings from some of the world’s biggest companies this week, while more cues on U.S. interest rates were also in focus.

SYDNEY (Reuters) – Blackstone-owned Crown Resorts was found suitable to retain its Sydney casino's licence after nearly three years of intensive remediation, a gambling regulator said on Tuesday.

By Eduardo Baptista, Fanny Potkin and Max A. Cherney

Investing.com– Chinese entities acquired Nvidia’s most advanced artificial intelligence chips through resellers even after the U.S. last year widened a ban to restrict Chinese access to the technology, a Reuters report showed on Tuesday.