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OTLK News30 articles
Outlook Therapeutics Halts After Lytenava Approval; Cash Concerns Loom
Outlook Therapeutics (OTLK) shares were suspended after FDA approval of Lytenava for wet AMD. The stock rose 23.5% to $1.63, but funding from warrants and cash burn remain key issues.
Outlook Therapeutics Surges on FDA Review of Wet AMD Treatment
Outlook Therapeutics shares jumped 30% after the FDA accepted its resubmitted BLA for ONS-5010/LYTENAVA, setting a PDUFA target date of July 29, 2026.
Outlook Therapeutics Surges on FDA Review Progress for Lytenava
Outlook Therapeutics shares surged 26% to $0.89 as the FDA began a 60-day review of Lytenava after a successful appeal, though the stock faces Nasdaq delisting and dilution risks.
Manchester United Stock Drops 3.5% as Sales Target Fails to Boost Profit Outlook
Manchester United shares dropped 3.5% after fiscal 2027 guidance projected 10.7% revenue growth but flat EBITDA, while net borrowings rose 12.9%.
Starbucks Trims 2026 Store Opening Outlook After Announcing 250 North American Closures
Starbucks will close about 250 North American stores, adding $300 million in charges and cutting its fiscal 2026 net opening forecast to 440. Shares ended 0.5% lower.
AO World Shares Slide 4% as Jessops Deal Fails to Lift Profit Outlook
AO World shares fell 4% after acquiring Jessops but keeping full-year guidance unchanged. First-half pretax profit is expected to exceed £21.5 million.
TUI Tightens FY26 EBIT Outlook, Shares Dip 1%
TUI narrowed FY26 EBIT guidance to €1.2–1.3bn, yet shares fell 0.95% as the midpoint remains 11.5% below last year. Winter bookings still trail.
Accsys Shares Plunge 9% on Weak Earnings Outlook
Accsys shares tumbled 9.2% after the company forecast adjusted EBITDA of €21-23 million for FY27, trailing consensus of €28.8 million. Revenue fell 6% in the first five months.
Australia's 40-Year Outlook: Slower Growth, Higher Spending Weigh on ASX
Australia's latest Intergenerational Report forecasts slower population and GDP growth over 40 years, while government spending rises. The ASX 200 barely moved, but rate hike odds remain high.
VW Shares Tumble 5.6% on €10B Charges, 2026 Margin Outlook Slashed
Volkswagen shares plunged 5.6% after the automaker slashed its 2026 margin forecast to 1% and disclosed €10B in special charges, including a €6B Porsche goodwill impairment.
BOJ's Rate Hike Fails to Boost Yen as Split Vote Dampens Outlook
The Bank of Japan raised its policy rate to 1.25% as expected, but the yen weakened 1.2% after a split vote and no signal of faster tightening, while the Nikkei advanced 1.4%.
Fluence Energy Cuts FY2026 Outlook Again as Houston Plant Struggles
Fluence Energy cuts fiscal 2026 revenue outlook to $2.4B and projects a $200M adjusted EBITDA loss, citing ongoing production delays at its Houston plant. Shares fell 20%.
Huntington Cuts 2027 EPS Outlook as Deposit Costs Bite
Huntington Bancshares reduced its 2027 adjusted EPS forecast to $1.75-$1.83, citing deposit pricing and loan growth constraints. Shares dropped 5.55%.
Infratil Boosts FY27 Outlook as CDC Data Center Contracts Hit 1.1 GW
Infratil lifted its FY27 EBITDAF forecast to NZ$1.32-1.42 billion after CDC Data Centres signed 70MW of new contracts, boosting contracted capacity to 1.1GW. Shares rose 3.6%.
Gas Prices Surge Past $4.30: Murphy USA's Margin Outlook in Focus
U.S. gas prices surge past $4.30 as AAA and GasBuddy report differing averages. Murphy USA (MUSA) faces a margin test as fuel costs rise.
GTA VI Voice Actor Confirmed, But Take-Two's $8.2B Outlook Hinges on Launch
Stephen Root confirms he voices Brian Heder in GTA VI, but Take-Two's stock dipped as the market's focus remains on the November 19 launch and fiscal 2027 targets.
Betr Entertainment: Cash Conversion Key to FY27 Outlook
Betr Entertainment shares closed up 2.8% at A$0.185. The FY27 outlook depends on converting EBITDA into positive operating cash flow.
BAC Slides 5% as Moynihan Tempers Q3 Trading, IB Outlook
Bank of America shares dropped over 5% after CEO Brian Moynihan guided Q3 trading revenue roughly flat and investment banking fees below analyst expectations.
ANZ New Zealand's Fitch Outlook Upgraded to Positive on LAC Prospects
Fitch Ratings affirmed ANZ Bank New Zealand's A+ rating but revised its outlook to Positive, citing potential loss-absorbing capacity issuance by 2028 that could strengthen parent support.
WWE Streaming Split: ESPN, Netflix Deals Reshape TKO's Revenue Outlook
WWE's content is now split across ESPN, Netflix, and other networks, boosting TKO's media revenue 12% in Q2 2026. But investors question the long-term economics of platform fragmentation.
Kroger's Q2 Sales Flat, EPS Outlook Steady
Kroger's Q2 sales growth slowed to 0.2%, but EPS beat estimates and full-year guidance was maintained. The company faces challenges from pharmacy headwinds.
GameStop Raises EBITDA Outlook as Collectibles Reshape Business
GameStop raised its adjusted EBITDA forecast to $650M, powered by a surge in collectibles sales and lower costs, even as total revenue declined sharply.
ECB's Revised Inflation Outlook Outweighs Rate Hike Impact
The ECB's rate hike to 2.5% was expected, but its upgraded inflation forecasts signal prolonged price pressures, making oil prices key for future policy.
Sony Shares Dip Despite PS5 Pro Sellout; Supply Constraints Cloud Outlook
Sony's PS5 Pro sellout at $899 failed to lift shares, which fell 0.8% in Tokyo. The shortage signals strong demand but also highlights supply constraints that could limit sales.
AMD Surges 6% as $70B Data-Center Goal Reshapes Growth Outlook
AMD shares climbed 6.4% Tuesday after management detailed a $70B data-center revenue target for 2027 and a steep MI450 ramp, adding ~$85B in market value over two sessions.
Panasonic's Two-Day Swing: Yen Strength Tests AI-Led Recovery Outlook
Panasonic shares gave back Monday's rally in a two-day round trip, but the underlying AI-driven demand story remains intact despite yen headwinds.
Turkish Airlines July Load Factor Hits 86.5%, But Fuel Costs Cloud Outlook
Turkish Airlines (THYAO) reported an 86.5% load factor for July, up 1 point year-over-year, but first-half EBITDAR margin plunged to 12.8% from 20.2% as fuel costs soared.
UiPath Shares Tumble 17% as Guidance Lift Masks Tepid H2 Outlook
UiPath shares fell 16.63% on Friday despite a Q2 revenue beat, as the company's full-year guidance raise adds just $244K to the second-half midpoint.
Guidewire Tumbles 15% on Slower 2027 Growth Outlook
Guidewire (NYSE:GWRE) plunged 15% after hours as strong Q4 results were overshadowed by a slower fiscal 2027 growth forecast, wiping out $2.6 billion in market value.
Campbell's Shares Tumble 10% on Dividend Cut and Weak Outlook
Campbell's shares fell 10% after the company reduced its dividend by 36% to $0.25 per quarter, retaining about $167 million annually. The company also issued weak fiscal 2027 guidance.