ADVFN US – Market Content Editor
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Aebi Schmidt Shares Drop After Merger with Shyft Group Leads to Q2 Loss
Aebi Schmidt Holding AG (NASDAQ:AEBI) stock fell 15.4% after the specialty vehicle manufacturer reported a second-quarter net loss following its recent merger with The Shyft Group. The company, which completed the merger on July 1, posted second-quarter sales of $277.7 million, up 4.2% from $266.5 million in the same period last year. Despite higher sales,…
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Arrowhead Pharmaceuticals Shares Drop After Sarepta Sells Stake
Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) stock fell 6% following Sarepta Therapeutics’ (NASDAQ:SRPT) sale of over 9.2 million Arrowhead shares in a privately negotiated block trade. Sarepta expects to receive at least $174 million in gross proceeds from the transaction. In addition, approximately 2.66 million Arrowhead shares will be transferred to satisfy $50 million of a previously…
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Tilray Shares Drop After Seeking Extension to Meet Nasdaq Listing Requirements
Tilray Brands Inc (NASDAQ:TLRY) stock fell 12.8% following the company’s announcement that it has requested an extension to regain compliance with Nasdaq’s minimum share price rules. The cannabis and consumer goods company is considering several options, including a potential stockholder-approved reverse stock split, to maintain its Nasdaq listing. Tilray’s shares have been trading below the…
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Schrödinger Stock Plummets After Halting Key Leukemia Drug Program
Schrödinger Inc (NASDAQ:SDGR) shares dropped 13.7% following the company’s announcement that it is discontinuing development of its CDC7 inhibitor, SGR-2921, which was being evaluated in a Phase 1 study for leukemia patients. The decision comes after two treatment-related deaths occurred in the Phase 1 dose-escalation trial involving patients with relapsed/refractory acute myeloid leukemia (AML) or…
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Ulta Beauty Stock Dips as Target Partnership Set to End in 2026
Ulta Beauty (NASDAQ:ULTA) shares dropped 2% Thursday morning following the announcement that the company will not renew its shop-in-shop partnership with Target (NYSE:TGT) when the current agreement expires in August 2026. The partnership, which began in 2021, will continue until its expiration, with Ulta Beauty at Target locations operating in-store and online at Target.com. Customers…
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Beam Therapeutics Stock Surges After FDA Grants RMAT Designation
Beam Therapeutics Inc. (NASDAQ:BEAM) shares jumped 12% following the announcement that the U.S. Food and Drug Administration (FDA) has granted Regenerative Medicine Advanced Therapy (RMAT) designation to BEAM-101, the company’s investigational cell therapy for sickle cell disease. The RMAT designation, which comes after an earlier orphan drug designation, provides Beam with opportunities for closer FDA…
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Lazydays Reports Narrower Q2 Loss as Margins Improve
Lazydays Holdings, Inc. (NASDAQ:GORV) posted a second-quarter net loss of $6.67 per share on revenue of $131.3 million Thursday, showing progress in its turnaround efforts despite significantly lower sales volumes. Shares edged up 0.95% in after-hours trading following the results. Revenue declined 44.3% year-over-year from $235.6 million in Q2 2024, reflecting the company’s streamlined footprint…
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Oncology Institute Shares Drop 7% as Earnings Miss Despite Revenue Growth
The Oncology Institute, Inc. (NASDAQ:TOI) saw its shares fall 7.07% in pre-market trading Thursday after reporting second-quarter earnings that fell short of analyst expectations, despite posting revenue above forecasts. The value-based community oncology provider reported a loss of $0.15 per share for Q2, missing estimates of a $0.09 loss by $0.06. Revenue, however, reached $119.8…
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Samsonite Q2 Sales Fall, EBITDA Meets Expectations
Samsonite (USOTC:SMSEY) reported a 5% decline in second-quarter sales, slightly outperforming Morgan Stanley’s estimates, while adjusted EBITDA came in at $141 million, in line with expectations. The luggage maker’s EBITDA margin reached 16.3%, below the forecasted 16.8%, mainly due to lower gross profit margins—likely driven by increased promotional activity—and higher distribution costs associated with new…
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McGraw Hill Exceeds Q1 Revenue Expectations on Digital Growth
McGraw Hill, Inc. (NYSE:MH) surpassed revenue expectations in its first-quarter fiscal 2026 results on Thursday, with total revenue reaching $535.7 million, up 2.4% year-over-year, driven by strong performance in digital and recurring revenue. Shares slipped 0.21% in after-hours trading following the announcement. The education solutions provider reported breakeven earnings per share for the quarter ended…