Lifestyle brand Urban Outfitters, Inc. (URBN) and DoorDash, Inc. (DASH) announced Wednesday a nationwide partnership to expand on-demand retail services. DoorDash is a local commerce platform connecting consumers with neighborhood businesses and services. The partnership enables Urban Outfitters to...
Gilat Satellite Networks Ltd. (GILT, GILT.F), a provider of satellite-based broadband communications, on Wednesday reported a first quarter profit versus a loss a year earlier as revenues increased. On the Nasdaq, shares of Gilat Satellite currently trading 22.16 percent lower at $15.41 Quarterly...
Infrastructure company Ferrovial SE (FER) announced Wednesday it has been selected by the Texas Department of Transportation (TxDOT) to design, build, and maintain the SH 99 Grand Parkway Segment B-1 project southeast of Houston, Texas. The contract is valued at approximately $1.47 billion. The nearly...
Shares of Eos Energy Enterprise (EOSE) are gaining around 7 percent after the energy storage solutions company posted growth in the first quarter on Wednesday. The company further reaffirmed its full-year revenue guidance of $300 million to $400 million. For the first quarter, Net income rose sharply...
Arrow Electronics, Inc. (ARW) on Wednesday said its board has approved a new share repurchase program of up to $1 billion, effective May 12, 2026, replacing the current plan. Shares of Arrow Electronics, which sources and engineers technology solutions for manufacturers and service providers, rose...
IBEX Ltd. (IBEX), on Wednesday, announced a share repurchase program authorizing the company to buyback up to $20 million of its common stock over the next 12 months. IBEX said the repurchase program will be funded through existing cash balance and free cash flow. Chief Executive Officer Bob Dechant...
Nebius Group N.V. (NBIS), a Dutch AI cloud company, reported Wednesday a profit in its first quarter compared to prior year's loss, benefited by a one time gain and significantly higher revenues. In the pre-market activity on Nasdaq, the shares were climbing around 15.89 percent to trade at $207.57,...
Assertio Holdings, Inc. (ASRT), on Wednesday, announced that Zydus Worldwide DMCC, a subsidiary of Zydus Lifesciences Ltd. (ZYDUSLIFE.BO, ZYDUSLIFE.NS), agreed to acquire Assertio for approximately $166.4 million in cash, or $23.50 per share. The transaction is expected to close in the second quarter...
Kornit Digital (KRNT) reported a first quarter GAAP net loss of $8.2 million, or $0.19 per share, compared with a net loss of $5.1 million, or $0.11 per share, in the prior year period. Non-GAAP net loss was $0.4 million, or $0.01 per share, compared with non-GAAP net income of $0.6 million, or $0.01...
Wednesday, Vishay Intertechnology, Inc. (VSH) announced its first-quarter financial result, reporting a net profit of $7.2 million, or $0.05 a share, compared with last year's net loss of $4.1 million, or $0.03 a share. The company turned to profit during the quarter mainly due to higher revenue and...
Hydro One Ltd. (H.TO), on Wednesday, reported higher net income in the first quarter of 2026 compared with the previous year. The company also declared a cash dividend. The company said that the year-over-year increase in earnings per share was primarily driven by higher revenue from Ontario Energy...
Tower Semiconductor (TSEM) has signed Silicon Photonics or SiPho contracts for $1.3 billion for 2027 revenue with its largest customers, and the receipt of $290 million in customers prepayments for capacity reservation. The company said this initial commitment is further reinforced by an even larger...
Footwear manufacturer Yue Yuen Industrial (Holdings) Limited (YUEIF, 0551.HK) reported Wednesday lower profit in its first quarter, hurt by weak revenues. In the first quarter, profit attributable to owners of the company dropped to $35.18 million from last year's $75.76 million. Profit before...
Wednesday, Eli Lilly and Company (LLY) announced results from two late-phase trials showing that people with obesity maintained their weight loss long term with either Foundayo or lower-dose Zepbound after switching from higher doses of injectable incretin therapy. In SURMOUNT-MAINTAIN trial, both...
While reporting financial results for the fourth quarter on Wednesday, software intelligence provider Dynatrace, Inc. (DT) provided its adjusted earnings and revenue guidance for the first quarter and for the full-year 2027. For the first quarter, the company projects adjusted earnings in the range...
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.