ADVFN US – Market Content Editor
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Medtronic Shares Slip Despite Earnings Beat as Fiscal 2027 Outlook Disappoints (MDT)
Medtronic plc (NYSE:MDT) traded modestly lower in premarket activity on Wednesday after issuing fiscal 2027 earnings guidance that fell short of analyst expectations, overshadowing quarterly results that exceeded Wall Street forecasts. While the medical technology company delivered stronger-than-expected revenue and earnings for its fiscal fourth quarter, investors focused on a more cautious profit outlook for…
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AT&T Teams Up With Disney and Pixar on Toy Story 5 Promotional Campaign (T)
AT&T Inc. (NYSE:T) has launched a new marketing partnership with Disney (NYSE:DIS) and Pixar centered on the upcoming release of Toy Story 5, combining original advertising content, retail activations and community-focused events ahead of the film’s theatrical debut on June 19. The campaign is designed to engage families through a mix of in-store experiences, exclusive…
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IREN Secures Grid Connection for 800MW Australian Data Center Development (IREN)
IREN Limited (NASDAQ:IREN) has taken a major step forward in its artificial intelligence infrastructure strategy after signing a transmission connection agreement for a planned 800MW data center campus in South Australia. The project marks the company’s first publicly announced data center development in Australia and significantly expands its footprint in the Asia-Pacific region. Bundey Campus…
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Macy’s Shares Advance After Strong First-Quarter Results and Improved Full-Year Forecast (M)
Macy’s Inc. (NYSE:M) shares moved higher in premarket trading on Wednesday after the department store operator delivered first-quarter earnings and revenue ahead of expectations while raising its outlook for the remainder of the year. The results suggest the company’s ongoing transformation strategy is beginning to generate measurable improvements across its retail portfolio. Profit and Revenue…
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Ollie’s Bargain Outlet Rallies After Earnings Beat and Higher Full-Year Profit Forecast (OLLI)
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares climbed 5.4% in premarket trading after the discount retailer reported stronger-than-expected first-quarter earnings and raised its profit outlook for fiscal 2026. The results highlighted continued customer demand, margin expansion and disciplined cost management despite a challenging retail environment. Earnings Outperform Expectations For the quarter ended May 2, Ollie’s…
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Sprinklr Tops Quarterly Expectations but Soft Outlook Limits Investor Enthusiasm (CXM)
Sprinklr Inc. (NYSE:CXM) delivered first-quarter fiscal 2027 results that surpassed analyst forecasts, although a weaker-than-expected revenue outlook for the remainder of the year tempered market reaction. Shares were little changed in premarket trading on Wednesday, rising just 0.18% as investors balanced the stronger quarterly performance against a cautious forward-looking forecast. Revenue and Earnings Exceed Wall…
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Cognyte Shares Slide After Earnings Miss Overshadows Revenue Beat (CGNT)
Cognyte Software Ltd. (NASDAQ:CGNT) shares fell more than 20% in premarket trading on Wednesday after the company reported first-quarter fiscal 2027 earnings that came in below analyst expectations, despite delivering revenue slightly ahead of forecasts. The sharp market reaction suggested investors focused on weaker-than-expected profitability metrics rather than the company’s top-line growth and reaffirmed outlook.…
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Marvell Extends Record Rally After Jensen Huang Endorsement and Higher Analyst Target (MRVL)
Marvell Technology (NASDAQ:MRVL) shares continued their remarkable advance on Wednesday, rising another 13% in premarket trading after delivering a record-breaking 32.5% gain in the previous session. The surge followed comments from Nvidia CEO Jensen Huang, who identified Marvell as a potential future trillion-dollar company. The latest move builds on growing investor enthusiasm surrounding Marvell’s role…
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Circle Internet Shares Slip Following Report of New Stablecoin Initiative by Payments Giants (CRCL)
Circle Internet (NYSE:CRCL) shares fell 2% in Wednesday morning trading after a report suggested that several major payment companies are preparing to launch a competing stablecoin platform. The development raised concerns about intensifying competition in the rapidly expanding digital payments and stablecoin markets. Stripe, Visa and Mastercard Reportedly Near Platform Launch According to a report…
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NetApp and Cisco Introduce Automated Ransomware Response Framework for Enterprise Data Protection
NetApp (NASDAQ:NTAP) and Cisco (NASDAQ:CSCO) have unveiled a new security orchestration playbook designed to help organizations accelerate their response to ransomware incidents through automated actions at the storage infrastructure level. The solution combines NetApp’s storage technologies with Cisco-owned Splunk’s security platform, enabling organizations to react more quickly when threats are detected and reduce the risk…