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Evotec jumps 8% after Berenberg starts coverage with “buy” on partner upside
Shares in Evotec SE (NASDAQ:EVO) climbed 8% after Berenberg initiated coverage of the German biotech group with a buy recommendation, arguing that the market is undervaluing the company’s strategic partnerships and core discovery platform. Berenberg assigned a €10 price target, well above Evotec’s previous close of €5.90 on Xetra. According to the brokerage, Evotec’s share-price…
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TransDigm shares slip even as Q1 earnings beat and outlook improves
TransDigm Group (NYSE:TDG) reported first-quarter results on Tuesday that came in ahead of analyst expectations and prompted the company to lift its full-year guidance, although the stock edged lower in pre-market trading. Shares of the aircraft components maker fell 1.12% after the release, despite solid top- and bottom-line performance. For the quarter ended December 27,…
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Hamilton Lane tops Q3 forecasts as revenue grows 7.3%
Hamilton Lane Incorporated (NASDAQ:HLNE) reported a stronger-than-expected third quarter for fiscal 2026, with both earnings and revenue coming in ahead of market forecasts. The private markets investment manager’s shares were marginally higher in premarket trading, rising 0.23% after the results were released. For the quarter ended December 31, 2025, Hamilton Lane delivered adjusted earnings per…
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Broadridge shares climb 2% after Q2 beat and upgraded full-year guidance
Broadridge Financial Solutions, Inc. (NYSE:BR) delivered a stronger-than-expected performance in its fiscal second quarter, prompting management to lift its earnings outlook for the full year. Shares of the financial technology group rose 2.35% in premarket trading on Tuesday following the release. For the quarter ended December 31, 2025, Broadridge reported adjusted earnings per share of…
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PayPal shares slide after Q4 miss as Enrique Lores named next CEO
PayPal Holdings, Inc. (NASDAQ:PYPL) shares plunged more than 16% in premarket trading on Tuesday after the payments group posted fourth-quarter earnings and revenue below market expectations, overshadowing slightly better-than-expected guidance for fiscal 2026. Alongside the results, PayPal announced a major leadership transition. Enrique Lores has been appointed President and Chief Executive Officer, effective March 1,…
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Pfizer tops Q4 forecasts even as COVID-related sales slide
Pfizer (NYSE:PFE) reported lower fourth-quarter revenue as demand for its COVID-19 treatments continued to fade, but stronger performance in other areas—particularly vaccines for respiratory diseases—helped the pharmaceutical group beat market expectations. The company, which benefited massively from pandemic-driven demand for its COVID shots and antiviral therapies, has been working to rebalance its portfolio as vaccination…
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Spire shares tick up even as Q1 results come in mixed
Spire Inc. (NYSE:SR) reported fiscal first-quarter results on Tuesday that fell short of revenue expectations, while adjusted earnings also came in below forecasts, yet the market response was modestly positive. Shares of the natural gas utility rose 1.20% following the update. For the quarter ended December 31, Spire delivered adjusted earnings of $1.77 per share,…
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Massimo shares sink after LOI to buy AI firm FST rattles investors
Massimo Group (NASDAQ:MAMO) saw its shares plunge by more than 50% on Tuesday after the powersports vehicle maker disclosed that it has signed a non-binding letter of intent to acquire AI technology company FST Development Company Limited. The proposed transaction, which values FST at between $27 million and $35 million, was described by the company…
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Pentair dips as Q4 profit beat fails to lift sentiment
Pentair plc (NYSE:PNR) delivered fourth-quarter adjusted earnings that came in ahead of market expectations, but the results were not enough to excite investors, with the shares moving lower in early trading. The water solutions group’s stock slipped about 1.4% in pre-market dealings following the announcement. Pentair reported adjusted earnings of $1.18 per share for the…
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Sable Offshore slides after unveiling $250 million share sale plan
Shares of Sable Offshore Corp. (NYSE:SOC) dropped about 13% on Tuesday after the company announced plans to launch a $250 million “at-the-market” equity offering. In a filing with the U.S. Securities and Exchange Commission, Sable said it has entered into a sales agreement with TD Securities and Jefferies, which will act as agents for the…