$28.48
+1.38 (+5.09%)
ERO News30 articles
Firefly Aerospace Gains 22% as Defense Contracts Boost Investor Sentiment
Firefly Aerospace stock jumped 22.6% to $39.68 Friday, driven by strong Q1 revenue and a Space Force contract win. Analysts see potential in defense and lunar programs.
Howmet Aerospace Surges on Strong Q1 Results, Lifts 2026 Outlook
Howmet Aerospace reported strong Q1 results, beating estimates and raising its 2026 outlook amid robust demand from commercial aerospace and defense.
Firefly Aerospace Shares Surge on Record Revenue and Space Force Contract
Firefly Aerospace shares surged 10% after-hours after reporting record Q1 revenue of $80.9M and securing a Space Force contract for the Space-Based Interceptor program.
Amkor Raises $1B Via Zero-Interest Notes for AI Packaging Expansion
Amkor Technology has priced $1 billion in zero-coupon convertible senior notes due 2031, with proceeds aimed at funding its advanced packaging expansion for AI chips.
Amkor's $1B Zero-Interest Bond Sale Fuels AI Chip Packaging Expansion
Amkor Technology has priced $1 billion in zero-interest convertible senior notes due 2031 to fund advanced semiconductor packaging expansion and capital spending.
Is Cash Still a Safe Bet? How Inflation Erodes Savings Yields
Inflation is outpacing most savings accounts, making cash a costly choice. High-yield options like online banks and I bonds offer better returns.
Xerox Stock Jumps 43% on Q1 Beat, Lexmark Debt Looms
Xerox shares soared 43% on Q1 revenue of $1.85B, beating forecasts thanks to Lexmark. But a net loss of $105M and rising interest expenses highlight ongoing challenges.
Regeneron Q1 Results Top Estimates, Eylea Challenges Loom
Regeneron reported strong Q1 results with revenue up 19% and earnings above estimates, but Eylea sales declined and an FDA delay on a new syringe manufacturer weighs on shares.
AeroVironment's LOCUST Laser Test Drives Counter-Drone Narrative
AeroVironment's LOCUST laser system shot down multiple drones during a U.S. Navy test on the USS George H.W. Bush. Shares fell 2.8% to $196.28.
Regeneron Stock Rises on Drug Pricing Deal, Free Gene Therapy Offer
Regeneron shares gained 2.6% Thursday following a drug-pricing pact with the U.S. and a plan to offer its new gene therapy Otarmeni at no cost. Analysts remain optimistic ahead of Q1 results.
GE Aerospace Stock Drops on Steady Guidance Despite Strong Q1 Results
GE Aerospace stock declined 4% on Wednesday despite reporting better-than-expected Q1 earnings and a massive $210 billion backlog, as management kept its full-year forecast unchanged amid airline industry headwinds.
GE Aerospace Faces Shareholder Pushback on Human Rights Review Proposal
Two shareholder groups are urging GE Aerospace investors to vote against a proposal calling for an independent review of human rights risk assessments in defense sales. The company's board opposes the measure ahead of the May 5 annual meeting.
Valero's Port Arthur Refinery Incident Sparks Supply Concerns Amid Geopolitical Tensions
Emergency crews responded to an incident at Valero Energy's Port Arthur refinery Monday evening, with reports of flames and smoke. The facility processes 435,000 barrels daily, making any extended outage significant for fuel supplies.
Institutions Boost GE Aerospace Holdings Amid Strong Results
Two investment firms raised their positions in GE Aerospace last quarter, as the company reported robust financial performance and detailed expansion plans. Institutional ownership remains elevated near 75%.
AeroVironment Secures $135M Army Drone Deals Amid Strategic Shifts
Defense contractor AeroVironment has been awarded nearly $135 million in new orders from the U.S. Army for its P550 long-range reconnaissance and Red Dragon attack drone systems. The contracts arrive shortly after the company lowered its revenue forecast and recorded a significant goodwill impairment.
Panama Canal Sees Traffic Rise as Middle East Tensions Reroute Shipping
The Panama Canal is experiencing increased vessel traffic as geopolitical tensions near the Strait of Hormuz and rising fuel prices make the shorter route more economical. Tanker crossings surged 11.2% in the first four months of the fiscal year.
AeroVironment Cuts Outlook After Space Force Contract Termination
AeroVironment reduced its full-year revenue and earnings guidance following the U.S. government's decision to end the BADGER agreement tied to the Space Force's SCAR program. The company reported a net loss of $156.6 million for its fiscal third quarter.
Qantas Reroutes Flights Amid Middle East Airspace Disruption
Qantas Airways is adjusting its European network, adding a Singapore stopover on Perth-London flights and an extra Sydney-London A380 service. The changes respond to Middle East airspace closures that have grounded major Gulf carriers.
Xero Data Reveals U.S. Small Business Sales Slowdown, Canadian Contraction
Xero's latest data shows U.S. small business sales growth decelerated sharply to 0.9% year-over-year in the December quarter, with Canadian sales contracting 4.1%. The company cited tariff impacts and policy uncertainty.
Xero Defies ASX Downturn, Posts 2% Gain Amid Market Volatility
Xero Ltd advanced 2% to A$80.46 on Wednesday, contrasting with a broad market sell-off. The company reported slowing U.S. small-business sales growth but improved payment times, while introducing new developer fees and AI data restrictions.
GE Aerospace Slumps 3% Amid Oil Spike, Defying Analyst Target Hike
GE Aerospace stock dropped 3.2% to $334.51 Tuesday, underperforming the industrial sector as a sharp rise in oil prices fueled inflation fears and a broad market sell-off, despite Bernstein lifting its price target.
AeroVironment Plunges on Downgrade Amid SCAR Contract Uncertainty
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform, driven by uncertainty over a key U.S. Space Force contract.
AeroVironment Plummets on SCAR Contract Uncertainty, Raymond James Downgrade
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform. The broker highlighted uncertainty surrounding the U.S. Space Force's $1.4 billion SCAR satellite-communications contract.
Defense Stocks Rally on Geopolitical Tensions as AeroVironment Leads Gains
AeroVironment shares jumped more than 12% ahead of the bell as Middle East tensions fueled a flight into defense stocks. The drone maker recently secured a $186 million Army order and reports quarterly results next week.
Defense Stocks Rally on Middle East Tensions, AeroVironment Leads Gains
AeroVironment shares jumped more than 12% in premarket trading Monday, leading a defense sector rally following military escalation in the Middle East. The company recently secured a $186 million Army order for its Switchblade drones.
GE Aerospace Nears Record High Amid Persistent Supply Chain Concerns
GE Aerospace shares gained 0.4% to $342.26, hovering near recent peaks, while supply chain constraints at major aerospace manufacturers continue to pose risks to jet delivery schedules.
GE Aerospace Navigates Oil Spike, Supply Chain Strains After Middle East Strikes
GE Aerospace stock edged higher Friday despite broader market declines, as U.S.-Israeli strikes on Iran roiled oil markets and supply chains. The aerospace giant faces a complex landscape of rising defense demand and potential airline sector pressure.
GE Aerospace Gains on Morgan Stanley Initiation, American Airlines Engine Deal
GE Aerospace shares advanced Friday following a bullish initiation by Morgan Stanley and news that American Airlines extended its engine service pact for future Airbus A321neo jets.
Xero Shares Drop Amid Tech Sell-Off, AI Rollout Fails to Lift Sentiment
Xero shares declined 3.7% on Friday, underperforming a weak ASX technology sector. The sell-off occurred even as the company announced AI-powered automation tools for UK customers ahead of tax digitization deadlines.
Xero Shares Edge Higher on Melio-Related Share Issuance, Eyes on April Escrow Release
Xero's stock closed up 0.8% at A$80.55 following a disclosure of 61,445 new shares issued for the Melio deal. A larger tranche of 1.32 million shares is set to exit voluntary escrow on April 15, 2026.