ADVFN US – Market Content Editor

Shares of Apogee Enterprises Inc. (NASDAQ:APOG) edged higher in after-hours trading on Friday after the company reported quarterly revenue above expectations, though its forward guidance came in below analyst forecasts. The architectural building products group posted adjusted earnings per share of $0.92 for the fourth quarter ended February 28, in line with market estimates. Revenue…

Shares of Flagstar Financial Inc. (NYSE:FLG) fell more than 3% in premarket trading on Friday after the bank reported first-quarter revenue below expectations, despite delivering an earnings beat. The company posted adjusted earnings per share of $0.04, ahead of the $0.03 analyst forecast, while revenue came in at $498 million, missing the $552.9 million consensus…

Novartis (NYSE:NVS) said the European Medicines Agency’s Committee for Medicinal Products for Human Use has issued a favourable opinion recommending approval of Itvisma, an intrathecal gene therapy for spinal muscular atrophy (SMA). The recommendation covers use in children aged two and above, as well as adolescents and adults with 5q SMA carrying a bi-allelic mutation…

Nano Labs Ltd (NASDAQ:NA) and ALT5 Sigma Corporation (NASDAQ:ALTS) have signed a non-binding memorandum of understanding to assess a potential partnership focused on AI data centers, agent-based cloud platforms and AI-driven payment systems across North America. The agreement sets out a 90-day review period during which both companies will examine the technical and commercial viability…

Newmont Corporation (NYSE:NEM) reported first-quarter results ahead of expectations, with adjusted earnings per share of $2.90 topping forecasts by $0.72 and revenue of $7.31 billion exceeding the $6.53 billion consensus. Despite the strong results, shares were slightly lower in premarket trading on Friday. Record Cash Flow and Strong Gold Prices The world’s largest gold miner…

Oil prices moved higher on Friday amid growing concerns that military tensions in the Middle East could intensify, after Iran released footage showing commandos boarding a cargo vessel in the Strait of Hormuz and reports emerged that its air defence systems had engaged “hostile targets.” Brent crude futures climbed 99 cents, or 0.94%, to $106.06…

Gold prices declined on Friday and were on track for a notable weekly loss, as heightened uncertainty surrounding the U.S.-Iran conflict drove investors toward the dollar. Spot gold slipped 0.5% to $4,672.22 an ounce by 02:27 ET (06:27 GMT), while gold futures fell 0.8% to $4,686.89 per ounce. Over the week, spot prices were set…