Category: Latest News
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Hoth Therapeutics shares slide after shift toward AI semiconductor strategy (HOTH)
Company plans rebrand and expansion into AI infrastructure Hoth Therapeutics Inc. (NASDAQ:HOTH) shares dropped 10.9% in premarket trading Tuesday after the company announced plans to rebrand as Rocket One, Inc. and reorganize its business around opportunities in artificial intelligence infrastructure and semiconductor technologies. The company said it has secured exclusive rights to nanomagnetic semiconductor and…
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Futures signal weaker Wall Street open as tech sector faces renewed pressure: Dow Jones, S&P, Nasdaq
U.S. stock futures point lower ahead of trading session U.S. stock futures traded in negative territory on Tuesday morning, indicating Wall Street could open lower as investors remain cautious following Monday’s mostly weaker close despite a late-session recovery. Technology shares are expected to remain under pressure amid growing concerns over elevated valuations after the sector’s…
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Canaan shares sink after first-quarter miss and disappointing Q2 outlook (CAN)
Weak guidance weighs heavily on crypto miner shares Canaan Inc. (NASDAQ:CAN) shares dropped 9.86% in premarket trading on Tuesday after the cryptocurrency mining company reported first-quarter results below analyst expectations and issued second-quarter guidance that came in far weaker than forecast. The company posted an adjusted loss of $0.86 per ADS for the quarter, missing…
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Eagle Materials shares rise after fourth-quarter earnings top forecasts (EXP)
Strong quarterly results lift shares in premarket trading Eagle Materials Inc. (NYSE:EXP) reported fourth-quarter fiscal 2026 results ahead of Wall Street expectations on Tuesday, helping drive the company’s shares 3.30% higher in premarket trading. The construction materials producer posted adjusted earnings of $1.91 per share, comfortably above analyst forecasts of $1.60 per share. Quarterly revenue…
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LuxExperience shares slide despite stronger profitability and EBITDA beat (LUXE)
Revenue stagnation weighs on shares despite second straight profitable quarter LuxExperience B.V. (NYSE:LUXE) shares fell 4.62% in premarket trading on Tuesday after the company reported fiscal third-quarter 2026 results that showed flat revenue growth despite continued improvement in profitability. The luxury e-commerce platform generated net sales of €618.4 million for the quarter ended March 31,…
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Amer Sports shares climb after earnings beat and upgraded annual outlook (AS)
Strong first-quarter growth lifts guidance for full year Amer Sports, Inc. (NYSE:AS) reported first-quarter results ahead of market expectations on Tuesday and raised its outlook for the full year, helping push the company’s shares 2.53% higher in premarket trading. The sportswear and equipment group posted adjusted earnings of $0.38 per share, outperforming analyst forecasts of…
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Home Depot beats quarterly forecasts as consumer demand holds steady (HD)
Home Depot Inc. (NYSE:HD) reported first-quarter earnings and revenue ahead of Wall Street expectations, helping lift the company’s shares about 1% in premarket trading on Tuesday. The home improvement retailer posted adjusted earnings of $3.43 per share, topping analyst forecasts of $3.41 per share. Quarterly revenue came in at $41.77 billion, above the consensus estimate…
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Ferrari Group shares surge after first-quarter organic growth tops 7% (RACE)
Ferrari Group (NYSE:RACE) shares climbed more than 8% on Tuesday after the company reported first-quarter revenue of €90 million and organic year-on-year growth of 7.4%. The company said results were supported by strong performances from subsidiaries in Brazil, the United States and the United Arab Emirates, while trading conditions in Asia continued to be affected…
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Analog Devices closes in on $1.5 billion Empower Semiconductor acquisition – Bloomberg (ADI)
Analog Devices reportedly in advanced negotiations for cash takeover Analog Devices (NASDAQ:ADI) is reportedly nearing an agreement to acquire privately owned chipmaker Empower Semiconductor in a deal valued at approximately $1.5 billion in cash, according to a Bloomberg News report published Tuesday citing sources familiar with the matter. The report said an announcement could come…
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Stellantis to unveil US recovery plan, streamlined brands and China partnerships in investor strategy update
Stellantis (NYSE:STLA) chief executive Antonio Filosa is set to present a new long-term roadmap to investors on Thursday, outlining plans aimed at reviving the group’s critical U.S. business, simplifying its broad brand portfolio and expanding collaborations with Chinese automakers. The strategy presentation, taking place during the automaker’s capital markets day in Auburn Hills, Michigan, represents…