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Ziff Davis (NASDAQ:ZD) has reached an agreement to sell its Connectivity business to Accenture in a cash transaction valued at $1.2 billion, marking another step in the company’s multi-year portfolio reshaping strategy. The divested unit includes well-known assets such as Ookla’s Speedtest platform and outage-monitoring service Downdetector, along with Ekahau and RootMetrics. Following the sale,…

Theravance Biopharma (NASDAQ:TBPH) said March 3, 2026 that its Phase 3 CYPRESS study evaluating ampreloxetine in patients with symptomatic neurogenic orthostatic hypotension (nOH) linked to multiple system atrophy did not achieve its primary endpoint, prompting the company to discontinue the program. The biotech firm said it will carry out additional data analyses solely to determine…

Gaxos.ai Inc. (NASDAQ:GXAI) is moving into the defense sector with a new strategic investment, marking a shift beyond its core artificial intelligence content offerings. The company said Tuesday it has acquired a 19.99% ownership interest in America First Defense (AFD), a U.S.-based defense technology developer. Financial details of the transaction were not disclosed. America First…

Pinterest Inc. (NYSE:PINS) shares jumped 10% on Tuesday after the company unveiled a $1 billion strategic investment from Elliott Investment Management and outlined plans to significantly expand its share repurchase efforts. The social media company said it will deploy the proceeds from Elliott’s investment toward a $1 billion accelerated share repurchase (ASR) program. At the…

AutoZone (NYSE:AZO) shares fell sharply Tuesday after the auto parts retailer reported fiscal second-quarter results that beat earnings expectations but came in slightly short on revenue. The company posted earnings per share of $27.63, ahead of the analyst consensus of $27.17. However, revenue totaled $4.27 billion, missing forecasts of $4.31 billion. Shares declined more than…

Viper Energy (NASDAQ:VNOM) shares fell 3.2% to $46.05 in premarket trading Tuesday after the company priced a large secondary offering valued at roughly $798 million. The Midland, Texas-based mineral and royalty interests owner said late Monday that approximately 17.4 million shares were sold by existing holders, including parent company Diamondback Energy (NASDAQ:FANG), EnCap affiliates and…

MongoDB Inc. (NASDAQ:MDB) shares plunged more than 27% after the company released its fiscal fourth-quarter 2026 results, as a weaker-than-expected outlook overshadowed a solid quarterly performance. For the quarter ended January 31, 2026, the database software provider reported adjusted earnings per share of $1.65, beating the analyst consensus of $1.48 by $0.17. Revenue climbed 27%…

Sea Limited (NYSE:SE) shares fell sharply in premarket trading Tuesday after the company reported fourth-quarter earnings that missed Wall Street expectations, overshadowing strong revenue growth and improving profitability across its businesses. The stock dropped about 15% following the release. Adjusted earnings per share came in at $0.63, below the analyst consensus of $0.80. Revenue, however,…

Thor Industries Inc. (NYSE:THO) delivered better-than-expected second-quarter results on Tuesday, although its full-year guidance came in below Wall Street projections, sending shares down 0.46% in after-hours trading. For the quarter ended January 31, the recreational vehicle maker reported adjusted earnings per share of $0.34, well above the analyst consensus of $0.04. Revenue totaled $2.13 billion,…

Civeo Corporation (NYSE:CVEO) reported fourth-quarter results Tuesday that came in below Wall Street expectations, with both revenue and earnings missing forecasts amid a difficult operating backdrop. Despite the earnings shortfall, shares edged up 0.40% in after-hours trading following the release. The hospitality and workforce accommodations provider posted a quarterly loss of $0.56 per share on…