Summit Therapeutics' (SMMT) shares were up nearly 1% in Wednesday trading after Jefferies upgraded the company's stock to buy from hold and raised its price target to $25 from $15.
Trading volume stood at over 3.1 million shares compared with a daily average of roughly 5.3 million.
Price: $17.40, Change: $+0.12, Percent Change: +0.69%
InnovAge Holding (INNV) reported fiscal Q4 net income late Tuesday of $0.06 per diluted share, swinging from the loss of $0.01 a year earlier.Two analysts surveyed by FactSet expected earnings of $0.09.Revenue in the three months ended June 30 rose to $262 million from $221.4 million a year earlier.Three analysts projected $238.3 million.The company expects fiscal 2027 revenue of $1.05 billion to $1.085 billion. Three analysts project $1.04 billion.InnovAge shares jumped 10% in after-hours trading.
ServiceTitan (TTAN) reported fiscal Q2 adjusted earnings late Tuesday of $0.40 per diluted share, up from $0.33 a year earlier.Analysts polled by FactSet expected $0.35.Revenue for the three months ended July 31 was $292.8 million, up from $242.1 million a year earlier.Analysts expected $285.9 million.For fiscal Q3, the company expects revenue of $285 million to $287 million. Analysts expect $287.9 million.For the full-year fiscal 2027, the company now expects revenue of $1.139 billion to $1.144 billion compared with $1.130 billion to $1.140 billion earlier.Analysts expect $1.14 billion.
Ford Motor Company's (F) business partnerships with Chinese companies drew criticism from the Trump administration on Tuesday, with US officials saying they pose significant national security concerns, multiple outlets reported.In a letter to Ford CEO Jim Farley, US Transportation Secretary Sean Duffy said the automaker's dealings with Chinese battery maker CATL and Chinese automakers Geely and BYD were of "profound concern," the report said.Duffy said USDOT was "deeply alarmed" by Ford's reliance on licensed CATL battery technology at its Marshall, Michigan plant. He said Ford's joint venture with Geely in Spain helps a strategic adversary gain a foothold in Western markets, and that talks with BYD over hybrid components could further embed Chinese technology in Ford's supply chain, according to the report.Duffy also said Ford's delay in moving Lincoln Nautilus production out of China until 2030 leaves an "unacceptable" multi-year reliance on Chinese manufacturing, the reports added.Ford did not immediately respond to request for comment from.Price: $14.02, Change: $-0.60, Percent Change: -4.14%