Category: Top Story

Lineage, Inc. (NASDAQ:LINE), the world’s largest temperature-controlled warehouse real estate investment trust (REIT), saw its shares climb 3.6% in premarket trading Wednesday after reporting third-quarter results that underscored stability despite a tough operating environment. The company posted revenue of $1.37 billion, up 3.1% year over year, while reporting a GAAP net loss of $112 million,…

Lemonade Inc. (NYSE:LMND) shares rose over 4% in premarket trading Wednesday after the AI-driven insurance platform reported third-quarter earnings and revenue that surpassed Wall Street expectations, while also raising its full-year guidance amid accelerating growth. The company posted a loss of $0.51 per share, narrower than analysts’ forecasts for a $0.70 loss, and revenue surged…

U.S.-listed shares of XPeng Inc. (NYSE:XPEV) ticked up in premarket trading Wednesday after the Chinese electric vehicle manufacturer announced a partnership with Alibaba’s (NYSE:BABA) digital mapping unit, Amap, to roll out a new autonomous taxi service. In a statement released by Amap, a mapping and navigation platform comparable to Alphabet’s (NASDAQ:GOOG) Google Maps, the company…

Evotec SE (NASDAQ:EVO) shares plunged 9.3% in premarket trading Wednesday after the German biotech firm reported a decline in revenue and widening losses, as ongoing weakness in its early-stage drug discovery business offset gains in biologics. For the first nine months of the year, Evotec posted revenue of €535.1 million, down 7.1% year over year,…

Rivian Automotive Inc. (NASDAQ:RIVN) shares climbed in premarket U.S. trading on Wednesday after the electric vehicle maker posted third-quarter results that topped Wall Street expectations on both revenue and earnings, fueled by a wave of buyers seeking to take advantage of expiring U.S. EV tax credits. The company reported a net loss of $0.65 per…

Pinterest (NYSE:PINS) shares plunged more than 18% in premarket U.S. trading on Wednesday after the social media platform reported third-quarter earnings that fell short of Wall Street expectations, despite solid revenue growth and user expansion. The weaker-than-expected results have fueled investor worries about intensifying competition from digital advertising giants such as Meta Platforms (NASDAQ:META), Alphabet…

Amgen (NASDAQ:AMGN) delivered better-than-expected third-quarter results on Tuesday, helped by strong product sales and continued momentum in newer therapies such as Repatha and Tezspire. Shares of the biotech company rose 2.5% in premarket trading Wednesday. Excluding one-time items, Amgen reported earnings of $5.64 per share, beating Wall Street’s forecast of $5.04, while revenue climbed 12%…

NVIDIA Corporation (NASDAQ:NVDA) has joined the India Deep Tech Alliance (IDTA), a consortium of private equity and venture capital firms focused on funding and mentoring Indian technology startups, the group announced on Wednesday. The U.S. chipmaker will participate as an “advisory founding member,” according to the IDTA, and will provide technical support and training to…

Fiverr International Ltd. (NYSE:FVRR) shares surged 6.6% in premarket trading on Wednesday after the online freelance marketplace reported third-quarter results that topped earnings forecasts, underscoring improved profitability and operational efficiency. For the quarter, Fiverr posted adjusted earnings per share of $0.84, well ahead of the analyst consensus of $0.69. Revenue reached $107.9 million, matching expectations…

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) reported third-quarter revenue of €5.41 billion on Wednesday, in line with analyst expectations, as the beverage bottler reaffirmed its full-year guidance despite uneven performance across regions. Shares rose 1.15% in premarket trading following the results. Adjusted comparable volume increased 0.4% year over year, while revenue grew 3.2% on an FX-neutral…