ADVFN US – Market Content Editor
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Sidus Space shares plunge 21% after announcing $100 million stock offering (SIDU)
Sidus Space (NASDAQ:SIDU) shares dropped 21% on Thursday after the aerospace and defense technology company announced plans for a $100 million registered direct offering of Class A common stock. The company priced the offering at $5.08 per share, issuing 19,685,039 shares of Class A common stock and pre-funded warrants. Sidus Space said the transaction was…
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Best Buy shares jump on earnings beat and stronger comparable sales growth (BBY)
Best Buy (NYSE:BBY) shares surged nearly 10% in premarket trading after the electronics retailer reported first-quarter results that topped analyst expectations, supported by improved comparable sales and strength across several key product categories. Adjusted earnings per share came in at $1.28, exceeding the consensus estimate of $1.22 by $0.06. Revenue for the quarter reached $8.94…
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Royal Bank of Canada shares rise after quarterly earnings top expectations (RY)
Royal Bank of Canada (NYSE:RY) posted second-quarter results that exceeded analyst expectations, helping lift shares 2.57% in premarket trading as the lender benefited from broad-based strength across its major business divisions. The bank reported adjusted earnings per share of Cdn$3.90, ahead of analyst estimates of Cdn$3.77. Quarterly revenue totaled Cdn$17.45 billion, surpassing the consensus forecast…
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Build-A-Bear shares gain 6% after earnings beat offsets revenue shortfall (BBW)
Build-A-Bear Workshop Inc. (NYSE:BBW) shares climbed 6.22% in premarket trading on Thursday after the company delivered stronger-than-expected quarterly earnings and increased its profit outlook, despite reporting revenue below analyst forecasts. The specialty retailer posted adjusted earnings per share of $1.03 for the first quarter, surpassing Wall Street expectations of $0.76 by $0.27. Revenue totaled $125.3…
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Hormel Foods shares rise nearly 4% after earnings beat and continued sales momentum (HRL)
Hormel Foods Corporation (NYSE:HRL) posted better-than-expected second-quarter results on Thursday, helping lift shares 3.74% in premarket trading as investors reacted positively to signs that the company’s turnaround efforts are gaining momentum. The food producer reported adjusted earnings per share of $0.40, ahead of analyst expectations of $0.36. Quarterly revenue came in at $2.97 billion, slightly…
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Dollar Tree shares climb after earnings beat and upgraded profit outlook (DLTR)
Dollar Tree Inc. (NASDAQ:DLTR) shares jumped 11.2% in premarket trading after the discount retailer reported stronger-than-expected first-quarter earnings and increased its full-year profit forecast, as investors welcomed continued margin improvement and resilient consumer demand. The company posted adjusted earnings per share of $1.74, exceeding analyst expectations of $1.55 by $0.19. Revenue totaled $4.97 billion, in…
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BRP shares jump nearly 9% after earnings beat and stronger outlook despite tariff pressures (DOO)
BRP Inc. (NASDAQ:DOO) posted first-quarter results on Thursday that came in well ahead of Wall Street expectations, sending shares up 8.62% in premarket trading as investors reacted positively to stronger earnings and upgraded full-year guidance. The recreational vehicle manufacturer reported adjusted earnings per share of $1.83, significantly above analyst expectations of $0.82. Revenue totaled $2.39…
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Zscaler shares tumble more than 31% despite earnings beat, raising investor concerns (ZS)
Zscaler Inc (NASDAQ:ZS) shares plunged 31.52% on Wednesday, May 27, marking one of the sharpest selloffs among major U.S. technology companies in recent years, even after the cloud cybersecurity provider delivered quarterly results that topped Wall Street expectations across key financial measures. For the third quarter of fiscal 2026 ended April 30, Zscaler reported revenue…
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KKR Expands Italian Presence With Planned Milan Office Opening
KKR & Co (NYSE:KKR) announced on Thursday that it will open a new office in Milan as the U.S. private equity group strengthens its long-term presence in Italy following major investments across the telecommunications and energy sectors. The move reflects KKR’s growing focus on the Italian market after several high-profile transactions completed over the past…
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Chevron seeks control of offshore Greek gas block in Mediterranean expansion (CVX)
Chevron (NYSE:CVX) has formally requested approval to acquire a 70% stake in an offshore exploration block southwest of Greece from Helleniq Energy, according to a statement released Thursday by Greece’s energy ministry, marking another step in the U.S. energy giant’s expansion across the Mediterranean region. If the application receives approval, Chevron will assume operatorship of…