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GCL Global Shares Surge on $10M ADATA Investment, Nasdaq Compliance Looms
GCL Global Holdings shares surged after ADATA invested $10M in its 4Divinity unit, but the stock still trades below Nasdaq's $1 minimum bid price, facing a Sept. 14 deadline.
Analog Devices Reports Record Quarter, Acquires Empower for $1.5B
Analog Devices beat Q2 estimates with 37% revenue growth to $3.62B, forecast Q3 above expectations, and announced a $1.5B cash acquisition of Empower Semiconductor to boost AI power delivery capabilities.
Hasbro Beats Q1 Estimates on Magic: The Gathering Strength
Hasbro reported Q1 revenue of $1 billion and adjusted EPS of $1.47, both above forecasts. Magic: The Gathering fueled a 26% rise in Wizards and Digital Gaming revenue.
VF Corp Shares Surge on First Revenue Growth in Three Years
VF Corp posted its first annual revenue increase in three years, with Q4 sales topping expectations. Shares jumped 8.2% premarket after the company issued fiscal 2027 guidance.
Lowe's Beats Q1 Estimates but Shares Slip on Housing Headwinds
Lowe's beat Q1 estimates with sales of $23.08B and adjusted EPS of $3.03, but shares fell 3% premarket as rising mortgage rates and weak housing trends weighed on sentiment.
Silexion Advances Pancreatic Cancer Trial Amid Cash Concerns
Silexion Therapeutics progresses its SIL204 pancreatic cancer drug into clinical trials, but a shrinking cash position and recent stock decline highlight funding challenges.
CAVA Surges on Strong Traffic, Q1 Beat, and Raised Outlook
CAVA Group shares surged 6.9% in premarket trade Wednesday after the chain reported a 9.7% increase in same-restaurant sales and beat first-quarter earnings and revenue estimates.
AEP Texas Resolves San Angelo Blackout Amid Rising Texas Demand
AEP Texas restored power to nearly all Tom Green County customers after a substation failure cut service to 7,800 in San Angelo. The outage comes as AEP faces scrutiny over Texas demand and a $78B capital plan.
Meta Trims 8,000 Jobs in AI-Focused Restructuring
Meta Platforms begins laying off 8,000 employees, reassigning 7,000 to AI projects, as it shifts focus to artificial intelligence and raises 2026 capex to $145 billion.
Target’s Sales Surge Breaks Three-Year Decline, Lifting Outlook
Target reported first-quarter net sales of $25.44 billion, up 6.7%, ending a three-year revenue decline. The retailer raised its full-year sales forecast to about 4% growth.
InMed Stock Retreats After 135% Merger Rally; Deal Dilution Weighs
InMed Pharmaceuticals shares fell 14.4% in pre-market trading Wednesday, giving back some of Tuesday's 135% surge on news of an all-stock merger with Mentari Therapeutics and a $290 million private placement.