Category: Latest News
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Mawson Infrastructure sinks after unveiling 1-for-20 reverse split to restore Nasdaq compliance
Shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) plunged 28.5% on Wednesday after the digital infrastructure company said it will carry out a 1-for-20 reverse stock split in an effort to bring its share price back into line with Nasdaq listing requirements. The company’s Board of Directors has approved the reverse split, scheduled to take effect…
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Nixxy shares move higher after company rules out digital asset treasury shift
Nixxy Inc. (NASDAQ:NIXX) saw its stock climb 4.9% on Wednesday after the AI communications firm said it will not move forward with any digital asset treasury strategy, wrapping up a recently conducted strategic review. The company—whose operations center on AI-powered communications tools and data infrastructure—said it had fielded numerous approaches from banks, crypto platforms, and…
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Redwire shares climb after company lands $44 million DARPA contract
Redwire Corporation (NYSE:RDW) saw its stock jump 9% on Wednesday after the space technology firm revealed it has secured a $44 million Phase 2 award from the Defense Advanced Research Projects Agency (DARPA) to advance its Otter Very Low Earth Orbit (VLEO) mission. The newly awarded funding will support final manufacturing and the delivery of…
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GDS Holdings posts in-line Q3 revenue with 10.2% growth
GDS Holdings Limited (NASDAQ:GDS), one of China’s largest data center developers and operators, reported third-quarter results on Wednesday that aligned with analyst expectations as utilization rates improved and AI demand continued to strengthen. Shares edged 1% higher following the release. Revenue for the quarter came in at RMB2.89 billion ($405.6 million), matching consensus estimates and…
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LuxExperience shares slide 7% as Mytheresa’s strength fails to counter broader group weakness
LuxExperience B.V. (NYSE:LUXE) reported disappointing fiscal first-quarter 2026 results on Wednesday, as strong momentum at Mytheresa was unable to offset deeper losses in the company’s other divisions. Shares fell 7.65% in pre-market trading after the release. The group posted a loss of €0.61 per share, far wider than analyst expectations of a €0.25 loss, while…
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TJX shares climb after retailer tops Q3 earnings and revenue forecasts
Shares of The TJX Companies, Inc. (NYSE:TJX) moved 2.8% higher on Wednesday after the off-price retail giant delivered third-quarter results that beat Wall Street expectations on both the top and bottom lines. TJX reported adjusted earnings per share of $1.28, surpassing analyst estimates of $1.23. Quarterly revenue came in at $15.1 billion, ahead of the…
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Griffon tops Q4 expectations as HBP division continues to outperform
Griffon Corporation (NYSE:GFF) delivered stronger-than-expected fourth-quarter results on Wednesday, with adjusted earnings of $1.54 per share, edging past analyst forecasts of $1.51, and revenue of $662.2 million, beating consensus estimates of $631.41 million. Quarterly sales ticked up from $659.7 million a year earlier, supported primarily by continued strength in the Home and Building Products (HBP)…
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Nayax stock drops nearly 7% after Q3 earnings fall short and 2025 outlook is cut
Nayax Ltd. (NASDAQ:NYAX) shares slid 6.95% in premarket trading Wednesday after the global payments and commerce platform posted third-quarter results that came in below Wall Street expectations and trimmed its full-year revenue targets, citing delays in merger and acquisition activity. For the quarter, Nayax reported net income of $3.5 million, translating to earnings of $0.09…
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BingEx posts stronger Q3 profitability despite 13% drop in annual revenue
BingEx Limited (NASDAQ:FLX), one of China’s major providers of on-demand dedicated courier services, released its third-quarter 2025 results on Wednesday, showing that profits improved even as revenue continued to soften. The company reported adjusted earnings per share of $0.03, while revenue totaled $141.2 million, marking a 13% decline from the prior year. Revenue slipped from…
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SEMrush shares skyrocket after report says Adobe is close to striking $1.9 billion takeover
SEMrush Holdings (NYSE:SEMR) surged 67% on Wednesday after The Wall Street Journal reported that Adobe (NASDAQ:ADBE) is on the verge of acquiring the SEO analytics company in a deal valued at roughly $1.9 billion. Citing people familiar with the negotiations, the report said Adobe is prepared to pay $12 per share, a hefty premium compared…