ADVFN US – Market Content Editor
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U.S. Jobless Claims Rise More Than Forecast in Latest Labor Market Data
New applications for unemployment benefits in the United States increased more sharply than expected in the week ending May 9, according to figures published Thursday by the U.S. Labor Department. Initial jobless claims rose to 211,000, up 12,000 from the previous week’s revised total of 199,000. Economists had projected claims would increase to 205,000, compared…
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U.S. Futures Point Higher as Cisco and Nvidia Lift Tech Sentiment: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded higher on Thursday, with the Nasdaq positioned for additional gains after the technology-heavy index closed at a fresh record high in the previous session. Technology shares looked set to extend their recent rally following strong earnings-related momentum from Cisco Systems (NASDAQ:CSCO). Shares of Cisco surged 14.5% in premarket trading after the…
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Canada Goose Shares Rise After Quarterly Results Beat Expectations (GOOS)
Canada Goose (NYSE:GOOS) shares moved higher in U.S. premarket trading after the luxury outerwear brand reported fourth-quarter results that exceeded analyst forecasts for both revenue and earnings. The stock gained around 2% by 07:01 ET following the earnings release. Quarterly revenue totaled C$453.3 million, significantly above the analyst consensus estimate of C$300.6 million. Adjusted earnings…
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Fennec Pharmaceuticals Shares Rise After Earnings and Revenue Beat Forecasts (FENC)
Fennec Pharmaceuticals (NASDAQ:FENC) shares climbed more than 3% in premarket trading on Thursday after the company reported first-quarter results that exceeded analyst expectations, supported by strong sales growth for PEDMARK. The company posted adjusted earnings per share of $0.01, outperforming consensus forecasts for a loss of $0.04 per share. Revenue increased 73% year over year…
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Brookfield Shares Gain After First-Quarter Earnings Beat Expectations (BN)
Brookfield Corporation (NYSE:BN) shares rose about 2% in premarket trading on Thursday after the company reported first-quarter earnings that came in ahead of analyst forecasts. Brookfield posted distributable earnings per share of $0.66 for the quarter, surpassing the consensus estimate of $0.63 per share. Total distributable earnings increased to $1.6 billion, compared with $1.5 billion…
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Dillard’s Shares Rise After Earnings Beat Fueled by Litigation Settlement (DDS)
Dillard’s (NYSE:DDS) shares gained more than 4% in premarket trading on Thursday after the retailer reported first-quarter earnings that exceeded analyst expectations, supported by a major legal settlement gain and stronger retail performance. The department store operator posted adjusted earnings per share of $16.04, comfortably above Wall Street forecasts of $10.26 per share. Revenue increased…
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POET Technologies Shares Jump on Lumilens Supply Partnership (POET)
POET Technologies (NASDAQ:POET) shares climbed 16% on Thursday after the company announced a supply and development agreement with Lumilens that includes an initial $50 million purchase order for optical engines. The agreement creates a joint commercial and technology partnership centered on wafer-level photonic integration for artificial intelligence optical networking applications. Initial Order Could Expand Into…
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Canadian Solar Shares Jump After First-Quarter Beat and Solid Outlook (CSIQ)
Canadian Solar (NASDAQ:CSIQ) shares surged more than 8% in premarket trading on Thursday after the company reported first-quarter results that exceeded analyst expectations and issued strong forward guidance despite difficult industry conditions. The solar and battery storage company posted a quarterly loss of $0.71 per share for the period ended March 31, outperforming analyst forecasts…
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Boeing Shares Advance on Expectations of New China Aircraft Orders (BA)
Boeing (NYSE:BA) shares moved 1.2% higher in premarket trading on Thursday after comments from U.S. Treasury Secretary Scott Bessent suggested that major aircraft purchase announcements from China could be unveiled this week. Speaking to CNBC, Bessent said he expects China to announce significant orders for Boeing aircraft during Donald Trump’s visit to Beijing. Trade Discussions…
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Lightwave Logic Shares Slip Despite Revenue Growth and Expanded Market Opportunity (LWLG)
Lightwave Logic (NASDAQ:LWLG) shares fell more than 2% in premarket trading on Thursday after the company reported first-quarter results showing modest revenue growth alongside continued operating losses. The company posted adjusted earnings per share of -$0.04 for the quarter, unchanged from the same period a year earlier, while revenue increased 27% year over year to…