Eli Lilly and Company (LLY) on Wednesday said it will invest an additional $4.5 billion across two of its three manufacturing sites in Indiana, taking its total capital commitment in the state since 2020 to more than $21 billion. The company is also opening its first genetic medicine facility today. The...
Icahn Enterprises L.P. (IEP) reported Wednesday a net loss attributable to Icahn Enterprises for the first quarter of $455 million or $0.71 per depositary unit, compared to $422 million or $0.79 per depositary unit in the prior-year quarter. Revenues for the quarter increased to $2.21 billion from...
Trimble Inc. (TRMB) said, for the full-year 2026, it expects to report revenue between $3.835 billion and $3.915 billion, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. Previously, Trimble projected revenue between $3.81 billion and $3.91 billion, GAAP earnings...
Wednesday, Nuvation Bio Inc. (NUVB) announced that the U.S. Food and Drug Administration has accepted a supplemental New Drug Application with updated data for IBTROZI for the treatment of advanced ROS1-positive non-small cell lung cancer, with a target action date of January 4, 2027. The submission...
Hut 8 Corp. (HUT), an energy infrastructure platform, on Wednesday reported a wider loss for the first quarter compared to the prior year, even as revenues jumped. The deeper loss reflects a higher cost of revenues and a substantial increase in operating expenses. In the pre-market activity on the...
ChronoScale Corporation (CHRN) said on Wednesday that it has appointed Cenly Chen as chief executive officer to lead the next phase of AI compute growth. "The appointment comes as demand for AI compute infrastructure continues to accelerate, with increasing pressure on providers to deliver consistent...
HNI Corporation (HNI) reported a first quarter net loss attributable to HNI of $38.8 million compared to profit of $13.9 million, last year. Loss per share was $0.55 compared to profit of $0.29. Adjusted EPS was $0.34 compared to $0.44. Net sales were $1.3 billion, up 125% from prior year. On an...
Wednesday, Global Payments Inc. (GPN) announced its first-quarter financial results, reporting a net loss of $1.799 billion compared to a net income of $305.7 million in the prior year, driven by higher loss from discontinued operations. On a per-share basis, total loss attributable to the company...
Wednesday, Madrigal Pharmaceuticals, Inc. (MDGL) announced its first-quarter financial results, reporting a net loss of $94.4 million, or $3.25 a share, compared to $73.2 million, or $2.61 a share, in the previous year. Total operating expenses increased to $404.1 million from $216.6 million in the...
Performance Food Group Company (PFGC) said on Wednesday that it has revised its guidance for the full year. For fiscal 2026, the Group now expects adjusted EBITDA of around $1.9 billion to $1.93 billion, compared with the prior guidance of around $1.875 billion to $1.975 billion. For fiscal 2026,...
NiSource Inc. (NI), an energy holding company, on Wednesday reported higher net income in the first quarter of 2026 compared with the previous year. For the first quarter, net income available to the shareholders increased to $510.7 million from $474.8 million in the previous year. Earnings per...
Wednesday, Apollo Global Management, Inc. (APO) announced its first-quarter financial results, reporting a net loss attributable to common stockholders of $1,930 million, or $3.27 a share, compared with a net income of $418 million, or $0.68 a share, last year. The loss was driven by a higher income...
While reporting financial results for the first quarter on Wednesday, technology solutions provider BorgWarner, Inc. (BWA) maintained its adjusted earnings and net sales guidance for the full-year 2026. For fiscal 2025, the company continues to project earnings in the range of $4.70 to $4.87 per share...
Perrigo Company plc (PRGO), a provider of Consumer Self-Care Products, on Wednesday reported a significantly weaker first-quarter performance, as large impairment and restructuring charges weighed heavily on profitability. Sales also declined in the quarter. The company posted a net loss from continuing...
ITT Inc. (ITT), a manufacturer and seller of engineered critical components and customized technology solutions, on Wednesday reported that net income declined in the first quarter of 2026 compared with the previous year. For the first quarter, net income attributable to the company declined to $78...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.