ADVFN US – Market Content Editor
-
Cintas Tops Q4 Estimates as Revenue and Margins Improve
Cintas Corporation (NASDAQ:CTAS) reported stronger-than-expected fourth-quarter results on Thursday, driven by solid sales momentum and improved profitability. The company also released guidance for its upcoming fiscal year. For the quarter ending May 31, Cintas earned $1.09 per share, exceeding analyst expectations by $0.02. Revenue climbed 8% year-over-year to $2.67 billion, surpassing Wall Street estimates. Shares…
-
Above Food Shares Skyrocket After Merger Injects Billions in Gold Assets
Above Food Ingredients Inc. (NASDAQ:ABVE) shares surged 65% after the company announced a transformative reverse takeover deal with Palm Global Technologies Ltd. The merger, unanimously approved by both boards, will significantly reshape Above Food’s business by bringing gold-backed assets worth billions onto its balance sheet. The transaction includes Palm Global’s 30% interest in Palm Promax…
-
Adtran Shares Climb Further as Analysts Highlight Improving Outlook
Adtran Holdings (NASDAQ:ADTN) saw its stock rise another 2.9% in Thursday’s premarket session, extending the 9.2% jump from the day before. The rally followed the company’s release of stronger-than-expected preliminary revenue for the second quarter. Analysts at Needham remain upbeat on the company’s trajectory. Ryan Koontz, a Needham analyst, suggested that Adtran could deliver third-quarter…
-
Nuwellis Shares Drop as Company Halts REVERSE-HF Clinical Trial
Nuwellis Inc (NASDAQ:NUWE) saw its stock decline by 10% after announcing it will discontinue its REVERSE-HF clinical trial, which was assessing the effectiveness of ultrafiltration versus intravenous loop diuretics for managing fluid overload in hospitalized heart failure patients. The company explained that ending the trial is part of a broader effort to concentrate resources on…
-
Lucid Shares Skyrocket on Strategic Deal with Uber and Nuro for Autonomous Robotaxis
Lucid Group (NASDAQ:LCID) stock soared by 35% after unveiling a landmark partnership with Uber Technologies (NYSE:UBER) and autonomous vehicle company Nuro to roll out a large-scale robotaxi initiative. The multi-year collaboration is set to bring more than 20,000 Lucid vehicles outfitted with Nuro’s Level 4 autonomous driving technology to the Uber platform over a six-year…
-
AgriFORCE Shares Rise as Crypto Mining Efforts Accelerate in Alberta
Shares of AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) climbed 4.8% after the company shared updates on the rapid progress of its Power & Compute Initiative in Alberta, reinforcing its push into the growing digital asset sector. The agtech firm revealed it has mined 8.67 Bitcoin to date, an amount currently valued at around $1.1 million, based…
-
Upexi Shares Jump After Securing $150 Million in Convertible Notes Backed by Solana
Shares of Upexi, Inc. (NASDAQ:UPXI) climbed 13% on Thursday after the company finalized a $150 million private placement of convertible notes, part of a broader $200 million financing strategy previously outlined by the firm. The notes, which convert at a fixed price of $4.25 per share and mature in 24 months, offer a 2.0% quarterly…
-
Dow Jones, S&P, Nasdaq, Futures Tread Water as Markets Weigh Data, Trump-Fed Tensions, and Earnings
U.S. stock futures were flat in early Thursday trading, signaling a muted open as investors digest a wave of mixed economic data, fresh earnings results, and heightened political drama involving President Donald Trump and Federal Reserve Chair Jerome Powell. After a choppy session on Wednesday that ended with modest gains across major indexes, traders appear…
-
U.S. Jobless Claims Dip Unexpectedly as Retail Sales Surge in June
In a positive surprise for the labor market, new U.S. unemployment claims declined during the week ending July 12, according to fresh data from the Labor Department released Thursday. Initial applications for unemployment benefits dropped by 7,000 to 221,000, down from a revised 228,000 the prior week. This defied economist forecasts, which had anticipated an…
-
Archer-Daniels-Midland shares tumble following Trump’s Coca-Cola sugar announcement
Archer-Daniels-Midland (NYSE:ADM) saw its stock drop as much as 5.6% in premarket trading on Thursday after President Trump announced that Coca-Cola (NYSE: KO) plans to use “real cane sugar” in its soda products sold in the U.S. This potential move away from high-fructose corn syrup could have a significant impact on ADM, a leading processor…