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Shares of Flex Ltd. (FLEX) slipped over 7% in extended session on Wednesday after the company slashed its revenue outlook for the full year 2021. Looking forward, the company now expects revenues of $24.8 billion to $25.8 billion, compared to prior guidance of $25.5 billion to $26.5 billion. Meanwhile,...

Shares of Service Corp. International (SCI) are gaining over 4% on Wednesday extended session after the company lifted its full year outlook. Looking forward to the full year, the company expects earnings of $4.15 to $4.45 per share, up from previous guidance of $3.20 to $3.50 per share. Analysts...

California-based healthcare company, BioMarin Pharmaceutical Inc. (BMRN), provided an improved full-year outlook on Wednesday. The company has narrowed its net loss outlook to a range of $85 million to $45 million, from prior estimate of $110 million to $60 million. On an adjusted basis, the outlook...

California-based internet and wireless communication company, NETGEAR, Inc. (NTGR) has provided a weak outlook for sales after reporting a lower profit in the third quarter. The company expects fourth-quarter sales between $250 million and $265 million. On average, four analysts polled by Thomson...

French real estate company Unibail-Rodamco-Westfield (UNBLF, UNRDY) Wednesday reported nine-month revenues of 1.610 billion euros, down 15.6% from 1.908 billion euros last year. Shopping centers slipped 11.9% to 1.248 billion euros, while office and others tanked 28.7% to 50.9 million euros. Convention...

Accor (ACRFY.PK, ACRFF.PK) Wednesday reported third-quarter revenues of 589 million euros, up 79% from 329 million euros last year. RevPAR improved by 20 percentage points from last year, reflecting a strong activity recovery seen over the summer. Hotel services revenues gained 96% to 440 million...

Toys"R"Us ANZ Limited and WHP Global, the parent company of Toys"R"Us and Babies"R"Us, said that they have signed a long-term licence agreement, by which Toys"R"Us ANZ will run digital and physical retail commerce for Toys"R"Us and Babies"R"Us in the United Kingdom. Toys"R"Us ANZ plans to commence...

Merck & Co., Inc. (MRK) said phase 2b data through 144 weeks demonstrated that islatravir combined with doravirine continued to maintain viral suppression, as measured by the number of study participants achieving HIV-1 RNA levels <50 copies/mL, similar to doravirine/lamivudine/tenofovir disoproxil fumarate. The...

Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the third quarter declined to $27.56 million or $0.83 per share from $33.76 million or $1.02 per share in the prior-year quarter. Income from continuing operations was $0.84 per share, down from $0.95 per share last year. Excluding...

M/I Homes, Inc. (MHO) said its third quarter performance included a number of records including a 24% increase in net income and continued strong returns. The company increased revenue by 7%. Backlog sales value increased 40% to $2.5 billion, an all-time record, the company noted. M/I Homes also announced...

RISE Education Cayman Ltd (REDU) said that its board has received a preliminary non-binding proposal letter, dated October 18, 2021, from Lihong Wang, chairwoman of the Board and chief executive officer of the Company, to acquire substantially all assets of the company. In Wednesday pre-market trade,...

Novavax, Inc. (NVAX) announced the completion of its rolling regulatory submission to the U.K. Medicines and Healthcare products Regulatory Agency for authorization of the company's COVID-19 vaccine candidate. NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine with Matrix-M...

Southwest Gas Holdings, Inc. (SWX) confirmed Wednesday that Icahn Enterprises LP has commenced an unsolicited tender offer to acquire any and all outstanding shares of Southwest Gas Holdings for $75.00 per share in cash. Southwest Gas said its board will carefully review and evaluate the unsolicited...

While reporting financial results for the third quarter on Wednesday, wireless technology firm Silicon Labs Inc. (SLAB) provided earnings and revenue guidance for the fourth quarter, well above analysts' expectations. For the fourth quarter, the company expects loss in a range of $0.41 to $0.31 per...

Merck & Co., Inc. (MRK) said Wednesday that it has signed a voluntary licensing deal with the UN-backed Medicines Patent Pool to facilitate affordable global access for molnupiravir, an investigational oral COVID-19 antiviral medicine for the treatment of mild-to-moderate COVID-19 in adults who are at...

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