Category: Top Story

Hormel Foods Corporation (NYSE:HRL) shares fell 3.4% in premarket trading Wednesday after the packaged food maker announced a key leadership change and cautioned investors about lower-than-expected fourth-quarter earnings. The company — known for its SPAM and PLANTERS brands — said that Chief Financial Officer Jacinth Smiley will leave the company “to pursue other opportunities.” Paul…

Canadian Solar Inc. (NASDAQ:CSIQ) shares surged 8.8% in premarket trading Wednesday after the solar and energy storage company announced that its subsidiary e-STORAGE had successfully completed a major battery project in South Australia. The company said that e-STORAGE, part of its majority-owned unit CSI Solar Co., Ltd., achieved commercial operation of the 220 MWh DC…

Super Micro Computer, Inc. (NASDAQ:SMCI) shares climbed 4% on Wednesday after the AI server manufacturer announced the creation of a dedicated federal subsidiary aimed at expanding its footprint within the U.S. government technology sector. The new entity, named Super Micro Federal LLC, will focus on accelerating the delivery of high-performance computing and AI-driven systems to…

AST SpaceMobile (NASDAQ:ASTS) shares rose 7% on Wednesday after the satellite communications company announced a 10-year commercial partnership with stc group, valued at $175 million in prepayments and including a long-term revenue commitment. The agreement aims to deliver direct-to-device mobile connectivity across Saudi Arabia and several key markets in the Middle East and Africa. As…

Fortive Corporation (NYSE:FTV) shares climbed nearly 6% in premarket trading Wednesday after the technology and industrial solutions company delivered stronger-than-expected third-quarter results and raised its full-year profit forecast, supported by solid execution across its business segments. Fortive reported adjusted earnings of $0.68 per share, well above the analyst consensus of $0.57, while revenue rose 2.3%…

Gildan Activewear Inc. (NYSE:GIL) shares rose more than 3% in premarket trading Wednesday after the Montreal-based apparel maker reported record third-quarter adjusted earnings, demonstrating solid profitability even as revenue came in slightly below expectations. The company posted adjusted earnings of $1.00 per share, narrowly topping the consensus estimate of $0.99. Revenue totaled $911 million, missing…

National Energy Services Reunited Corp. (NASDAQ:NESR) shares surged 16% after the company announced that it had secured a multi-billion dollar contract from Saudi Aramco to provide completion services for the Kingdom’s unconventional gas fields. The five-year agreement covers extensive mobilization of completion operations across Aramco’s Jafurah field and other unconventional gas projects in Saudi Arabia.…

Criteo S.A. (NASDAQ:CRTO) shares surged nearly 9% on Wednesday after the commerce media platform delivered third-quarter results that far exceeded analyst forecasts, fueled by robust Retail Media growth and stronger operational execution. The company reported adjusted earnings of $1.31 per share, easily beating the consensus estimate of $0.93 by 38 cents. Revenue totaled $470 million,…

Watsco, Inc. (NYSE:WSO) shares declined on Wednesday after the distributor of heating, ventilation, and air conditioning products reported third-quarter results that missed analyst forecasts, reflecting the impact of ongoing regulatory changes in the HVAC sector. The stock slipped 2.2% in premarket trading following the release. Watsco posted earnings per share of $3.98, falling short of…

Garmin Ltd. (NYSE:GRMN) shares fell sharply in premarket trading on Wednesday after the navigation and wearable technology company posted third-quarter revenue that narrowly missed Wall Street estimates, even as it topped earnings forecasts and lifted its full-year profit guidance. The stock dropped 7.3% following the results, reflecting investor disappointment over the top-line miss. Garmin reported…