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Coherent Stock Jumps on AI Demand, Margin Challenges Linger
Coherent Corp shares gained 5.03% to $335.26 after forecasting Q4 revenue above estimates, driven by AI data-center demand. Margin improvements and supply constraints remain key challenges.
Paramount Skydance's $111B Warner Bros. Deal Faces New Regulatory Hurdles in California
California Democrats and press-freedom groups are urging regulators to scrutinize Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery, citing job losses and editorial independence issues.
Spirit Airlines Grounding Offers Temporary Relief for Pratt & Whitney Engine Shortage
Spirit Airlines' grounded A320neo fleet is releasing Pratt & Whitney GTF engines into a tight spare market, offering temporary relief for airlines. However, lease rates remain high and delays persist.
Kratos Selects Indiana Site for Hypersonic Testing Facility, Boosts 2026 Revenue Outlook
Kratos Defense & Security Solutions selected Odon, Indiana for a new hypersonic materials test facility, two days after raising its 2026 revenue outlook. Q1 revenue rose 22.6% to $371M.
Altria Slips for Fifth Day as Nicotine Pouch Competition Intensifies
Altria shares fell 1.3% to $68.12, extending a five-session losing streak despite a Q1 earnings beat. Rising competition in the nicotine pouch market and declining cigarette volumes weigh on the stock ahead of its May 14 annual meeting.
Lockheed Martin Secures $407M Aegis Upgrade for Guam Amid Pacific Defense Surge
Lockheed Martin secures a $407.2M Pentagon contract modification to advance Aegis missile defense for Guam, bringing total project value to about $1.94B. Work runs through December 2029.
Constellation Energy Q1 Earnings: AI Data Center Demand, Calpine Deal in Focus
Constellation Energy reports Q1 earnings Monday, with investors focused on AI data center power demand, Calpine integration progress, and the Three Mile Island restart timeline.
TXN Stock Flirts with Record High After Analyst Lifts Earnings Forecast
Texas Instruments stock closed near a record high after Zacks Research boosted its Q2 earnings forecast, reflecting strong demand from industrial and data center markets.
Carvana Stock Split Completed: Focus Returns to Profitability Metrics
Carvana's 5-for-1 stock split is now effective, with shares closing at $77.94. The focus shifts to the company's ability to sustain profit improvements amid rising costs.
Nokia ADR Rebounds as AI Cloud Sales Surge, but Execution Test Looms
Nokia's ADR rose 3.81% on Friday, recovering from a mid-week selloff, after first-quarter AI and cloud sales jumped 49%. Bank of America upgraded the stock, but margin pressure remains a risk.
Ryan Cohen Intensifies $55.5 Billion eBay Bid, Threatens Shareholder Appeal
GameStop CEO Ryan Cohen is pushing forward with a $55.5 billion bid for eBay, threatening a direct appeal to shareholders if the board resists. eBay shares trade below the offer price.
P&G's $1.5B Automation Push Faces Margin Squeeze from Oil and Tariffs
P&G rolls out its Supply Chain 3.0 automation program for $1.5B in savings, but faces a $1B profit hit from rising oil prices and tariffs.