Category: Latest News

Shares of Hewlett Packard Enterprise (NYSE:HPE) climbed over 6% in early premarket trading Wednesday after the company reported better-than-expected second-quarter earnings and delivered an optimistic outlook, supported by solid performance across its core business segments. HPE posted adjusted earnings per share of $0.38, surpassing the $0.32 consensus estimate, while revenue rose 6% year-over-year to $7.63…

Morgan Stanley sees potential for Tesla (NASDAQ:TSLA) to emerge as a major force in the drone and electric vertical takeoff and landing (eVTOL) sectors—an area the bank believes could balloon into a $9 trillion total addressable market by 2050. In a research note sparked by a recent drone strike on Russian airfields during the Ukraine…

Dollar Tree (NASDAQ:DLTR) delivered better-than-expected sales for its fiscal first quarter as budget-conscious shoppers turned to the discount chain amid ongoing uncertainty tied to tariffs. However, unlike competitor Dollar General (NYSE:DG), the company opted not to revise its full-year revenue forecast upward. Net sales climbed 11.3% year-over-year to reach $4.6 billion, surpassing Bloomberg’s consensus forecast…

Shares of Thor Industries Inc. (NYSE:THO) jumped 9.2% in early trading on Wednesday after the recreational vehicle giant delivered stronger-than-expected results for its fiscal third quarter. For the quarter ending April 30, the company reported adjusted earnings of $2.53 per share, well ahead of Wall Street’s estimate of $1.76. Revenue also came in above expectations,…

Microsoft (NASDAQ:MSFT) has unveiled a new cybersecurity initiative aimed at fortifying the digital defenses of European governments. Announced Wednesday, the program will be provided at no cost and is designed to help public institutions better withstand the evolving threat landscape, including attacks enhanced by artificial intelligence (AI). Brad Smith, Microsoft’s president, said the company plans…

Redwire Corporation (NYSE:RDW) saw its shares rise 5% after announcing a significant advancement in its extraterrestrial construction initiative. The company’s innovative Mason technology received the green light from NASA to move forward following a successful Critical Design Review (CDR), marking a major step toward developing infrastructure on the Moon and Mars. Mason is a specialized…

Sagimet Biosciences Inc. (NASDAQ:SGMT) saw its stock soar 20% after unveiling encouraging Phase 3 trial results for its acne treatment candidate, denifanstat. The trial, conducted in China by its partner Ascletis Bioscience Co. Ltd., achieved all primary and secondary endpoints, boosting market confidence in the company’s innovative dermatology pipeline. Denifanstat, a once-daily oral inhibitor of…

REV Group, Inc. (NYSE:REVG) delivered solid second-quarter results on Wednesday, beating Wall Street estimates and lifting its full-year outlook – sending its stock up 2.47% in premarket trading. The manufacturer of specialty vehicles posted adjusted earnings of $0.70 per share, outperforming analyst expectations of $0.55. Quarterly revenue climbed 2% year-over-year to $629.1 million, comfortably above…

Wells Fargo & Co. (NYSE:WFC) saw its shares rise 3.5% in premarket trading Wednesday following a major regulatory development: the Federal Reserve has officially lifted the asset growth restriction that had been limiting the bank since 2018. The cap, implemented after a series of scandals, had been one of the most significant constraints on the…

Footwear retailer Genesco Inc. (NYSE:GCO) delivered stronger-than-expected first quarter results on Wednesday and reaffirmed its earnings outlook for the full fiscal year, prompting a modest premarket share gain of 0.89%. For the quarter ended May 3, Genesco reported an adjusted net loss of $2.05 per share – slightly narrower than the $2.10 per-share loss recorded…