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Apogee Therapeutics Shares Surge Following $1.3 Billion Blackstone Financing Partnership (APOG)
Shares of Apogee Therapeutics (NASDAQ:APOG) climbed roughly 16% in premarket trading on Wednesday after the biotechnology company announced a $1.3 billion financing agreement with Blackstone Life Sciences to support the development and commercial launch of zumilokibart, its treatment candidate for atopic dermatitis. The financing arrangement includes up to $800 million in synthetic royalty funding alongside…
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PDD Holdings Shares Drop After Earnings Miss Despite Double-Digit Revenue Growth (PDD)
PDD Holdings Inc. (NASDAQ:PDD) reported first-quarter results that came in below Wall Street expectations, sending the company’s shares down more than 5% in premarket trading despite continued revenue growth. The e-commerce group posted adjusted earnings per ADS of RMB9.51 ($1.38), well below analyst consensus estimates of RMB16.77. Shares of PDD Holdings declined 5.13% in premarket…
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Manchester United Shares Climb After Earnings Beat and Upgraded Outlook (MANU)
Manchester United plc (NYSE:MANU) reported third-quarter fiscal 2026 results on Wednesday that surpassed analyst expectations, helping send the club’s shares sharply higher in premarket trading. The football club posted adjusted earnings per share of £0.03, outperforming analyst forecasts of a break-even result. Manchester United shares rose 7.61% in premarket activity following the earnings announcement. Quarterly…
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Bath & Body Works Jumps After Earnings Beat Despite Ongoing Sales Weakness (BBWI)
Bath & Body Works, Inc. (NYSE:BBWI) reported first-quarter results that came in ahead of Wall Street expectations, helping drive the retailer’s shares sharply higher in premarket trading even as overall sales continued to decline. The home fragrance and personal care group posted adjusted earnings per share of $0.32, exceeding analyst forecasts of $0.29 by $0.03.…
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Capri Holdings Shares Gain After Earnings Beat and Signs of Turnaround Progress (CPRI)
Capri Holdings Limited (NYSE:CPRI) reported fourth-quarter results on Wednesday that came in ahead of analyst expectations, helping lift the company’s shares by 2.7% as investors responded positively to early signs that the luxury group’s turnaround strategy is gaining momentum. The fashion company posted adjusted earnings per share of $0.22 for the quarter, surpassing analyst forecasts…
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Movado Group Tops Forecasts as Sales and Margins Improve Strongly (MOV)
Movado Group, Inc. (NYSE:MOV) reported fiscal first-quarter 2027 results on Wednesday that came in ahead of analyst expectations, driven by stronger sales growth and a significant improvement in profit margins. The watch and accessories company posted adjusted earnings per share of $0.32, comfortably above the consensus forecast of $0.08. Revenue reached $142.4 million, exceeding analyst…
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Scotiabank Posts Strong Second-Quarter Earnings Above Expectations (BNS)
Bank of Nova Scotia (NYSE:BNS) reported second-quarter adjusted earnings on Wednesday that exceeded analyst forecasts, supported by solid revenue growth and lower credit-loss provisions. The Canadian lender posted adjusted earnings per share of Cdn$2.02, ahead of market expectations of Cdn$1.93. Scotiabank shares rose 0.62% in premarket trading following the earnings release. Quarterly revenue increased to…
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NVIDIA Reveals New Taipei AI Campus and Expands Taiwan Investment Plans (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang unveiled the company’s new Constellation campus in Taipei on Wednesday and said the group plans to increase its annual investment in Taiwan to as much as $150 billion. Speaking during the launch event, Huang said NVIDIA’s yearly spending in Taiwan has risen sharply from roughly $10 billion to $15…
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BioLineRx Shares Advance After First Patient Enrolled in GLIX1 Cancer Study (BLRX)
BioLineRx Ltd. (NASDAQ:BLRX) reported first-quarter 2026 financial results on Wednesday, shortly after announcing that the first patient had been dosed in its Phase 1/2a clinical study evaluating GLIX1 for the treatment of glioblastoma. The company’s shares climbed 4.43% in premarket trading following the update. BioLineRx posted adjusted earnings per share of $0.00 for the quarter…
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Walmart Signals Potential Price Increases as Food Producers Focus on Margins (WMT)
Walmart (NYSE:WMT) absorbed roughly $175 million in fuel expenses above expectations during the first quarter of fiscal 2027, creating an estimated 250 basis point drag on operating income growth across its worldwide logistics, distribution and fulfillment operations, according to Barclays. The retailer said the move to absorb the additional costs was deliberate, allowing it to…