ADVFN US – Market Content Editor
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Smith Douglas Homes shares climb despite fourth-quarter earnings shortfall
Smith Douglas Homes Corp. (NYSE:SDHC) reported fourth-quarter adjusted earnings per share of $0.39 on Wednesday, falling short of analyst forecasts of $0.75, although revenue of $260.4 million came in above expectations. Despite the earnings miss, the homebuilder’s stock advanced about 3.05% in after-hours trading following the release. The move was supported by stronger-than-expected gross margins…
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Uber shares rise after partnership with Zoox to deploy robotaxis
Uber Technologies Inc. (NYSE:UBER) gained about 3.75% Wednesday morning after announcing a strategic collaboration with Zoox to introduce robotaxis on the Uber platform in Las Vegas and Los Angeles. The rollout is expected to begin in Las Vegas this summer, with service planned to expand to Los Angeles in mid-2027. Riders using the Uber app…
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SLB shares decline after warning of Middle East-related disruption
SLB Limited (NYSE:SLB) slipped about 2% in premarket trading Wednesday after the company issued a negative preannouncement tied to the ongoing situation in the Middle East, becoming the first member of the S&P 500 to flag potential financial impacts from the conflict. The oilfield services group said it has halted travel to and transit through…
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Velo3D shares climb 9% after CEO converts debt into equity
Velo3D Inc. (NASDAQ:VELO) rose about 9% on Wednesday after the company announced a substantial reduction in debt following equity conversions by its CEO and a board member. Chief Executive Officer Arun Jeldi purchased a $5 million promissory note from an existing creditor and converted it into common shares priced at $16.38 each, a level above…
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Wynn Resorts restarts construction on UAE resort project after temporary halt
Wynn Resorts (NASDAQ:WYNN) said construction has resumed on its Wynn Al Marjan Island resort in Ras Al Khaimah, United Arab Emirates, after work on the project was briefly paused. The company said it remains in close contact with authorities in both the United States and the United Arab Emirates to guide decisions related to the…
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Forward Air unlikely to pursue full sale as strategic review nears completion – sources
Forward Air Corporation (NASDAQ:FWRD) is approaching the end of a strategic review process that has been underway for more than a year, but the effort is unlikely to result in a sale of the entire company, according to people familiar with the situation. While a full-company sale now appears improbable, the company is still evaluating…
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Stryker shares slide after report of Iran-linked cyberattack
Stryker Corporation (NYSE:SYK) fell about 3.4% on Wednesday after a report by The Wall Street Journal said the medical device maker had been targeted in a cyberattack tied to an Iran-linked hacking group. According to the report, the company is experiencing widespread system outages globally. Employees and contractors said the logo of a hacking group…
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Meta reveals four new in-house AI chips to support data center expansion
Meta Platforms (NASDAQ:META) on Wednesday introduced four internally developed chips designed to handle artificial intelligence workloads as part of its broader data center growth strategy. The processors belong to the company’s Meta Training and Inference Accelerator (MTIA) family, first introduced in 2023 and followed by a second-generation model in 2024. Meta said it plans to…
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IEA agrees record 400 million-barrel emergency oil release
International Energy Agency said Wednesday that its 32 member countries have unanimously approved the release of 400 million barrels of oil from strategic reserves, the largest coordinated drawdown in the agency’s history and only the fifth time such action has been taken. IEA Executive Director Fatih Birol said in a statement that the move is…
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Scienture secures GPO agreements for REZENOPY naloxone nasal spray
Scienture Holdings Inc. (NASDAQ:SCNX) announced that it has signed several Group Purchasing Organization (GPO) agreements covering its REZENOPY (naloxone HCl) Nasal Spray 10 mg, according to a company press release. Through these agreements, the product will gain access to more than 5,000 healthcare institutions across the United States. These include hospitals, clinics, nursing homes, emergency…