ADVFN US – Market Content Editor
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Hormel Foods tops earnings expectations and raises profit outlook
Hormel Foods Corporation (NYSE:HRL) delivered better-than-expected third-quarter earnings on Thursday and raised its full-year adjusted profit guidance, although revenue came in below Wall Street forecasts. Shares of the global branded food company slipped 1.98% in pre-market trading following the release. Hormel reported adjusted earnings per share of $0.37, exceeding the analyst consensus of $0.35 by…
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GE Vernova secures 400 kV substation contract for UK grid upgrade
GE Vernova (NYSE:GEV) has been chosen by Laing O’Rourke to deliver a new 400 kV Gas-Insulated Switchgear (GIS) substation in Chesterfield, England, supporting a major programme to strengthen the UK’s electricity transmission infrastructure. The project forms part of National Grid’s Brinsworth to Chesterfield and Chesterfield to High Marnham developments, which sit within the wider Great…
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Nebius Group stock surges as funding concerns ease
Nebius Group (NASDAQ:NBIS) shares jumped 7.1% in pre-market trading, staging a strong recovery following six consecutive sessions of declines that had wiped roughly 24% from the stock’s value. Investors had been concerned about the scale of the company’s debt financing, but the successful completion of an upsized convertible notes offering has helped turn sentiment more…
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Baozun shares rise as earnings beat forecasts and profitability improves
Baozun Inc. (NASDAQ:BZUN) shares gained 1.77% in pre-market trading on Thursday after the e-commerce solutions provider delivered second-quarter earnings above expectations, while revenue came in slightly below Wall Street forecasts. The company reported adjusted earnings per ADS of RMB0.42 (US$0.06), exceeding consensus expectations. Revenue increased 7.5% year over year to RMB2.74 billion (US$404.3 million) from…
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Canadian Solar shares slip after Q2 earnings miss and cautious outlook
Canadian Solar Inc. (NASDAQ:CSIQ) shares fell 3.75% in pre-market trading on Thursday after the solar and energy storage company reported a wider-than-expected second-quarter loss and issued third-quarter revenue guidance below Wall Street forecasts. However, quarterly revenue came in slightly ahead of expectations. The company recorded a second-quarter loss of $1.40 per share, compared with the…
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Gaotu Techedu shares rise as Q2 revenue tops forecasts
Gaotu Techedu Inc. (NYSE:GOTU) shares gained 4.05% in pre-market trading on Thursday after the Chinese education technology company reported second-quarter revenue above Wall Street expectations, helping offset a weaker-than-anticipated earnings result. Revenue climbed 20.2% year over year to RMB1.67 billion from RMB1.39 billion, exceeding the analyst forecast of RMB1.62 billion. Adjusted loss per ADS came…
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Spruce Biosciences stock gains after analyst backs regulatory progress
Spruce Biosciences (NASDAQ:SPRB) stock advanced 4.1% in pre-market trading to $64 after H.C. Wainwright reiterated its Buy rating and $150 price target, highlighting encouraging regulatory progress ahead of a planned Biologics License Application for tralesinidase alfa enzyme replacement therapy (TA-ERT). The company recently completed two constructive pre-BLA meetings with the FDA, supporting plans to submit…
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Ultra Clean Holdings stock rebounds as investors return
Ultra Clean Holdings (NASDAQ:UCTT) shares climbed 6.1% in pre-market trading to $77.50 as investors moved back into the semiconductor subsystems supplier following a steep retreat from its 52-week high of $144.22. With no confirmed new company announcement driving today’s move, the advance appears to reflect a technical recovery supported by improving sentiment towards technology and…
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Lantronix stock surges as Q4 results beat expectations
Lantronix (NASDAQ:LTRX) shares jumped 15.3% in pre-market trading after the company delivered fiscal fourth-quarter 2026 results that surpassed revenue forecasts and outlined an upbeat outlook for the new financial year. Fourth-quarter revenue reached $31.2 million, rising 8% from a year earlier and coming in ahead of Wall Street expectations. Non-GAAP earnings per share of $0.04…
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Nvidia shares climb as 70% growth forecast signals AI investment boom has further to run
Nvidia (NASDAQ:NVDA) shares rose around 6% in premarket trading on Thursday after the chipmaker delivered a powerful long-term growth outlook, reinforcing expectations that global investment in artificial intelligence infrastructure will remain a major driver of demand for years to come. The company forecast revenue growth of 70% for its next fiscal year, ending January 2028,…