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Amentum shares rise 3% after securing $974 million NASA contract
Amentum (NYSE:AMTM) shares climbed 3.1% in premarket trading on Thursday after the engineering and technology services company was awarded a $974 million contract by NASA to support operations at the Langley Research Center in Hampton, Virginia. The Center Maintenance, Operations, and Engineering II contract, known as CMOE II, covers a broad range of maintenance, engineering…
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Qtrex Quantum shares plunge 16% after announcing $10 million stock offering
Qtrex Quantum Ltd (NASDAQ:QTEX) shares dropped 16% in premarket trading on Thursday after the company unveiled a $10 million registered direct offering involving more than 11 million ordinary shares. The Israel-based company has entered into a definitive securities purchase agreement with institutional investors covering the sale of 11,111,111 ordinary shares. Participants include one existing institutional…
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ScanSource shares jump 19% after Q4 beat and $220.5 million MicroAge deal
ScanSource Inc. (NASDAQ:SCSC) shares surged 19.2% in premarket trading on Thursday after the technology distributor delivered stronger-than-expected fourth-quarter results and unveiled an agreement to acquire IT solutions integrator MicroAge for $220.5 million in cash. Adjusted earnings per share reached $1.46, comfortably ahead of the $1.14 analyst consensus. Quarterly revenue climbed 17% year-on-year to $953.1 million…
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U.S. jobless claims drop to 206,000, beating forecasts
The number of Americans filing for unemployment benefits for the first time declined more than expected in the latest weekly data, providing another indication that the U.S. labour market remains resilient. Initial jobless claims fell to 206,000, coming in below the 210,000 economists had forecast. The reading was also lower than the previous week’s 212,000…
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Wall Street set for lower open as surging oil prices revive inflation concerns: Dow Jones, S&P, Nasdaq, Futures
U.S. stocks were poised to open lower on Thursday, threatening to reverse part of the previous session’s modest rebound as a sharp rise in crude oil prices renewed concerns about the economic consequences of the continuing conflict in the Middle East. U.S. crude futures surged more than 3% to their highest level in almost a…
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Twin Disc tops Q4 forecasts as strong demand drives record revenue
Twin Disc, Inc. (NASDAQ:TWIN) reported better-than-expected fourth-quarter results on Thursday, supported by strong demand across its Land-Based Transmissions and Marine and Propulsion Systems businesses. Adjusted earnings per share came in at $0.64, comfortably ahead of the analyst consensus of $0.48. Revenue reached $114.4 million, beating expectations of $106 million and rising 18.3% from $96.7 million…
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Alaska Airlines adds nonstop Seattle flights to Athens and Paris for 2027
Alaska Airlines (NYSE:ALK) is expanding its international network with new seasonal nonstop flights from Seattle to Athens and Paris beginning in May 2027, adding two major European destinations to its growing long-haul operation. The carrier plans to operate both services through October 2027 using Boeing 787-9 Dreamliners, further strengthening Seattle-Tacoma International Airport’s role as the…
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LSI Industries shares gain after Q4 earnings and revenue beat forecasts
LSI Industries Inc. (NASDAQ:LYTS) shares advanced 2.20% in premarket trading on Thursday after the company delivered fourth-quarter earnings and revenue above analyst expectations, supported by organic growth and its acquisition of Royston Group. Adjusted earnings per share reached $0.38, exceeding the consensus estimate of $0.35, while quarterly revenue of $234.6 million came in ahead of…
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Navios Maritime Partners tops Q2 forecasts as stronger charter rates lift revenue
Navios Maritime Partners L.P. (NYSE:NMM) delivered second-quarter results ahead of Wall Street expectations, supported by higher charter rates and a sizeable year-on-year increase in revenue. Shares of the shipping partnership gained 1.57% in U.S. premarket trading following the earnings announcement. Adjusted earnings came in at $4.65 per unit, exceeding the analyst consensus of $4.31. Revenue…
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QumulusAI secures seven-year Atlanta data centre deal for up to 3.75 MW
QumulusAI (NASDAQ:QMLS) has signed a seven-year colocation agreement covering up to 3.75 MW of data centre capacity in metropolitan Atlanta, expanding the infrastructure available to support its growing portfolio of artificial intelligence computing contracts. The agreement also gives QumulusAI a right of first offer on up to an additional 7 MW of adjoining capacity at…