ADVFN US – Market Content Editor
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Sleep Number Shares Climb as Travis Kelce Joins as Investor and Brand Partner
Shares of Sleep Number (NASDAQ:SNBR) rose about 4% on Wednesday after the mattress maker announced a new partnership that includes an equity investment from NFL star Travis Kelce. Under the agreement, the Kansas City Chiefs tight end will become one of Sleep Number’s largest shareholders, holding a stake of less than 5%, according to a…
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Wix Shares Jump After Board Approves $2 Billion Buyback Plan
Shares of Wix.com Ltd (NASDAQ:WIX) jumped about 9% on Wednesday after the company unveiled a sizable $2 billion share repurchase program approved by its board. The authorization covers a two-year period spanning fiscal 2026 and 2027 and gives Wix flexibility to buy back ordinary shares and/or convertible notes. Repurchases may be carried out through a…
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Starbucks Delivers Strong Comparable Sales Growth on U.S. Momentum
Starbucks (NASDAQ:SBUX) reported fiscal first-quarter comparable store sales growth that significantly exceeded market expectations, offering a lift to chief executive Brian Niccol’s efforts to revive performance at the U.S. coffee chain. Since taking over, Niccol has outlined a turnaround plan centered on streamlining the menu, improving service speed and enhancing the in-store experience, following several…
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Birkenstock Aims for €1 Billion in Added Revenue Despite Tariff Headwinds
Birkenstock (NYSE:BIRK) said it is targeting €1 billion in additional revenue over the next three years, outlining an ambitious growth plan even as the footwear group navigates near-term pressure from U.S. tariffs. Speaking during an investor presentation on Wednesday, the German sandal maker—founded in 1774—said it is aiming for constant-currency revenue growth of between 13%…
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Corning Tops Q4 Forecasts, but Shares Slide in Early Trading
Corning Incorporated (NYSE:GLW) reported fourth-quarter 2025 results that came in ahead of market expectations on Wednesday, although its shares fell 3.6% in premarket trading. The specialty glass and ceramics group delivered adjusted earnings of $0.72 per share, beating the consensus estimate of $0.70. Revenue totaled $4.41 billion, also above forecasts of $4.36 billion, marking a…
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Palladyne AI Shares Jump on U.S. Air Force Swarming Technology Contract
Shares of Palladyne AI Corp. (NASDAQ:PDYN) rallied 13% on Wednesday after the company announced it had secured a contract from the Air Force Research Laboratory (AFRL) to develop advanced swarming capabilities for multi-domain military operations. The award relates to a program known as Hierarchical Adaptive Networked Game-Theoretic Integration of Multiple Echelons (HANGTIME). Under the contract,…
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Lennox Shares Slide After Q4 Earnings Miss as Market Pressures Bite
Shares of Lennox (NYSE:LII) dropped 8.8% on Wednesday after the heating and cooling specialist reported fourth-quarter results that came in below market expectations, reflecting continued industry challenges and the impact of inventory reductions across its distribution channels. The company posted adjusted earnings of $4.45 per share for the quarter, missing the consensus forecast of $4.77.…
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Brinker Shares Jump After Q2 Beat and Upgraded Full-Year Outlook
Brinker International (NYSE:EAT) shares surged more than 5% in premarket trading on Wednesday after the restaurant group delivered better-than-expected fiscal second-quarter results and lifted its full-year outlook above Wall Street estimates. The owner of Chili’s reported second-quarter earnings per share of $2.87, comfortably ahead of analyst forecasts of $2.57. Revenue rose to $1.45 billion from…
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AT&T Beats Q4 Profit Estimates, Shares Advance
AT&T (NYSE:T) shares edged higher in premarket U.S. trading on Wednesday after the telecoms group reported fourth-quarter results that topped profit expectations and outlined an upbeat outlook for the year ahead. Recent strategic deals have underpinned AT&T’s push to strengthen its network infrastructure, including a $6 billion acquisition of Lumen’s consumer fiber assets and a…
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Textron Meets Q4 Expectations but 2026 Outlook Disappoints
Textron Inc. (NYSE:TXT) reported fourth-quarter 2025 results that broadly matched market expectations, with revenue coming in slightly ahead of forecasts as operations rebounded from a labor strike a year earlier. However, the aerospace and defense group’s outlook for 2026 fell short of analyst estimates, sending shares down 1.8% on Wednesday. The company posted adjusted earnings…