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Drone stocks rally after report of Pentagon-backed funding discussions
Shares of several U.S. drone manufacturers moved sharply higher Monday after a report from The Wall Street Journal said the Trump administration is considering funding agreements with domestic drone companies to strengthen U.S. production capabilities. Unusual Machines (AMEX:UMAC) surged 25%, while Red Cat (NASDAQ:RCAT) gained 13%. AeroVironment (NASDAQ:AVAV) and Kratos Defense & Security (NASDAQ:KTOS) each…
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Eli Lilly shares edge higher after CVS expands coverage for Zepbound obesity drug (LLY)
Eli Lilly and Company (NYSE:LLY) shares gained about 1% in premarket trading Thursday after CVS Caremark announced it would add the company’s obesity treatment Zepbound to its preferred drug formulary. Lilly said the decision means all three of the largest pharmacy benefit managers in the United States will now provide coverage for the company’s full…
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Sidus Space shares plunge 21% after announcing $100 million stock offering (SIDU)
Sidus Space (NASDAQ:SIDU) shares dropped 21% on Thursday after the aerospace and defense technology company announced plans for a $100 million registered direct offering of Class A common stock. The company priced the offering at $5.08 per share, issuing 19,685,039 shares of Class A common stock and pre-funded warrants. Sidus Space said the transaction was…
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Best Buy shares jump on earnings beat and stronger comparable sales growth (BBY)
Best Buy (NYSE:BBY) shares surged nearly 10% in premarket trading after the electronics retailer reported first-quarter results that topped analyst expectations, supported by improved comparable sales and strength across several key product categories. Adjusted earnings per share came in at $1.28, exceeding the consensus estimate of $1.22 by $0.06. Revenue for the quarter reached $8.94…
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Royal Bank of Canada shares rise after quarterly earnings top expectations (RY)
Royal Bank of Canada (NYSE:RY) posted second-quarter results that exceeded analyst expectations, helping lift shares 2.57% in premarket trading as the lender benefited from broad-based strength across its major business divisions. The bank reported adjusted earnings per share of Cdn$3.90, ahead of analyst estimates of Cdn$3.77. Quarterly revenue totaled Cdn$17.45 billion, surpassing the consensus forecast…
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Build-A-Bear shares gain 6% after earnings beat offsets revenue shortfall (BBW)
Build-A-Bear Workshop Inc. (NYSE:BBW) shares climbed 6.22% in premarket trading on Thursday after the company delivered stronger-than-expected quarterly earnings and increased its profit outlook, despite reporting revenue below analyst forecasts. The specialty retailer posted adjusted earnings per share of $1.03 for the first quarter, surpassing Wall Street expectations of $0.76 by $0.27. Revenue totaled $125.3…
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Hormel Foods shares rise nearly 4% after earnings beat and continued sales momentum (HRL)
Hormel Foods Corporation (NYSE:HRL) posted better-than-expected second-quarter results on Thursday, helping lift shares 3.74% in premarket trading as investors reacted positively to signs that the company’s turnaround efforts are gaining momentum. The food producer reported adjusted earnings per share of $0.40, ahead of analyst expectations of $0.36. Quarterly revenue came in at $2.97 billion, slightly…
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Dollar Tree shares climb after earnings beat and upgraded profit outlook (DLTR)
Dollar Tree Inc. (NASDAQ:DLTR) shares jumped 11.2% in premarket trading after the discount retailer reported stronger-than-expected first-quarter earnings and increased its full-year profit forecast, as investors welcomed continued margin improvement and resilient consumer demand. The company posted adjusted earnings per share of $1.74, exceeding analyst expectations of $1.55 by $0.19. Revenue totaled $4.97 billion, in…
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BRP shares jump nearly 9% after earnings beat and stronger outlook despite tariff pressures (DOO)
BRP Inc. (NASDAQ:DOO) posted first-quarter results on Thursday that came in well ahead of Wall Street expectations, sending shares up 8.62% in premarket trading as investors reacted positively to stronger earnings and upgraded full-year guidance. The recreational vehicle manufacturer reported adjusted earnings per share of $1.83, significantly above analyst expectations of $0.82. Revenue totaled $2.39…
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Musk says SpaceX’s Colossus AI agreement with Anthropic currently limited to six months
SpaceX CEO Elon Musk said Thursday that the company’s agreement to lease computing capacity from its Colossus AI data center clusters to Anthropic was initially structured as a six-month arrangement, despite the possibility that the partnership could continue for a longer period. “SpaceX has not committed to leasing Colossus for years, although it’s possible that…