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Snowflake Stock Surges on Upgraded Price Target Ahead of Quarterly Earnings Release
Snowflake shares climbed 3.2% to $169.55 after BofA Securities boosted its price target to $205, anticipating robust fiscal Q1 results. The company reports earnings May 27.
European Markets Slip as UK Inflation Eases; M&S and Experian in Focus
European stocks dipped on Monday as UK inflation eased, with M&S rising on strong results and Experian falling despite record earnings. Bank Indonesia surprised with a 50 bps rate hike.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.
ADI Stock Jumps on $1.5B AI Power Deal as Earnings Approach
Analog Devices shares gained 1.36% after-hours after announcing a $1.5 billion cash deal for Empower Semiconductor, aiming to bolster AI infrastructure power solutions.
GCL Global Surges 132% After-Hours on $10M ADATA Investment in 4Divinity Unit
GCL Global shares jumped 132% after-hours to $1.00 following a $10M strategic investment from ADATA Technology in its 4Divinity unit, pushing the stock above Nasdaq's $1 minimum bid threshold.
James Hardie Shares Slide on Housing Concerns Despite Revenue Beat
James Hardie shares dropped on weak housing demand outlook, despite a Q4 revenue beat. Net income fell 35% to $28.5 million, while sales jumped 45% to $1.40 billion.
SELLAS Shares Surge as AML Trial Nears Final Data Trigger
SELLAS Life Sciences shares climbed 4.1% to $7.59 on Tuesday after the CEO disclosed the REGAL trial is nearing the 80-event threshold for final analysis.
Red Robin Stock Jumps 15.6% After-Hours on Revenue Beat
Red Robin shares jumped 15.6% after-hours to $4.45 after Q1 revenue of $378.3M beat estimates, despite a 0.6% same-store sales decline and a net loss.
8x8 Shares Surge 14% After Q4 Earnings Beat, But Margin Concerns Linger
8x8 shares surged 14% after hours on a Q4 earnings beat, with revenue up 5% to $185.2M and EPS of $0.11. Usage-based revenue jumped 70% but gross margins slipped to 63%.
JetBlue cancels 12 routes, shifts focus to Fort Lauderdale after Spirit exit
JetBlue is axing 12 routes, exiting Manchester-Boston Regional Airport, and redeploying capacity to Fort Lauderdale after Spirit Airlines' shutdown boosted competition.
Exxon and Chevron Warn of Unpriced Hormuz Disruption Risks as Oil Reserves Drain
Exxon and Chevron warn oil markets haven't fully absorbed the Strait of Hormuz disruption. U.S. emergency reserves hit a record low, while Brent crude settled at $111.28.