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VF Posts Fiscal Q4 Breakeven, Revenue Increases; Shares Up Pre-Bell

VF (VFC) on Wednesday reported breakeven adjusted earnings for fiscal Q4, compared with an adjusted loss of $0.14 a year earlier.Analysts polled by FactSet expected a loss of $0.01.Revenue for the quarter ended March 28 was $2.17 billion, up from $2.14 billion a year earlier.Analysts surveyed by FactSet expected $2.13 billion.Shares of the company were up more than 8% in recent premarket activity Wednesday.Price: $18.10, Change: $+1.36, Percent Change: +8.18%

$VFC

Wire44d ago

ZTO Express Q1 Adjusted Earnings, Revenue Rise

ZTO Express (ZTO) reported Q1 adjusted earnings late Tuesday of 2.95 Chinese renminbi ($0.43) per diluted American depositary share, up from 2.71 renminbi a year earlier.Analysts' estimates were not readily available for comparison.Revenue for the quarter ended March 31 was 13.28 billion renminbi, up from 10.89 billion renminbi a year earlier.Two analysts surveyed by FactSet expected 12.51 billion renminbi.Shares of the company were down over 5% in Wednesday's premarket activity.Price: $22.16, Change: $-1.39, Percent Change: -5.90%

$ZTO

Wire44d ago

Roblox Launches First-Ever Share Repurchase Program

Roblox (RBLX) said Tuesday that its board has authorized a repurchase program of up to $3 billion of its common stock, with the intent to buy back up to $1 billion of stock over the next 12 months.This represents the company's first-ever share repurchase program, according to a statement.Shares of the company were up 4% in after-hours trading.

$RBLX

Wire44d ago

Relay Therapeutics Launches $175 Million Stock Offering; Shares Drop After Hours

Relay Therapeutics (RLAY) launched an underwritten public offering of $175 million of common stock.Underwriters are set to receive a 30-day option to buy up to an additional 15% of the offering, the company said Tuesday in a statement.Relay shares fell 4.1% in after-hours trading.

$RLAY

Wire44d ago

Keysight Technologies Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Sets Q3 Guidance; Shares Gain After-Hours

Keysight Technologies (KEYS) reported fiscal Q2 non-GAAP net income late Tuesday of $2.87 per diluted share, up from $1.70 a year earlier.Analysts polled by FactSet expected $2.32.Revenue for quarter ended April 30 rose to $1.72 billion from $1.31 billion a year earlier.Analysts surveyed by FactSet expected $1.71 billion.The company expects fiscal Q3 non-GAAP EPS of $2.43 to $2.49 on revenue of $1.73 billion to $1.75 billion. Analysts expect $2.16 and $1.65 billion, respectively.Shares of Keysight Technologies were up almost 9% in after-hours activity.

$KEYS

Wire44d ago

Sector Update: Energy

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index was decreasing 0.3%, and the Dow Jones US Utilities Index rose 0.7%.Front-month West Texas Intermediate crude oil was down 0.8% at $107.77 a barrel, and the global benchmark Brent crude contract was shedding 0.6% to $111.39 a barrel. Henry Hub natural gas futures rose 3.6% to $3.13 per 1 million BTU.In corporate news, X-Energy (XE) can deploy about 20 gigawatts of nuclear power by 2040 underpinned by a solid technology value proposition, a capital-light business model, and commercial partnerships, Morgan Stanley said in a note. Morgan Stanley started coverage of the stock at overweight with a price target of $41. X-Energy shares rose 2.9%.

$XE

Wire44d ago

Alphabet's Google Launches Gemini Spark AI Agent

Alphabet's (GOOG, GOOGL) Google said Tuesday it introduced Gemini Spark, a 24/7 AI agent designed to handle and execute digital tasks and workflows.The cloud-based agent runs on the company's new Gemini 3.5 model and integrates with workspace applications as well as third-party platforms like Canva.The firm said it will roll out the agent to trusted testers this week, followed by a beta launch for US Google AI Ultra subscribers next week.Google also introduced Gemini 3.5 Flash along with Gemini Omni, a tool that generates cinematic video content from text, image and video prompts.Other announcements at Google I/O include a personalized daily brief feature and updates to the Gemini macOS app, which will later incorporate the new agent.Price: $385.44, Change: $-7.67, Percent Change: -1.95%

$GOOG$GOOGL

Wire44d ago

Alerus Financial Reports Sale of Three Nonperforming Loans

Alerus Financial (ALRS) said Tuesday it has closed the sale of three non-performing loans with a total net book balance of $33.6 million at the end of March.The loans, representing a construction, land and development relationship, were on nonaccrual, and were the largest non-performing relationship in the portfolio, the company said.The loans represented 62.3% of total nonperforming loans and 62.1% of total nonperforming assets, Alerus said. Nonperforming assets to total loans were 1.34% at the end of March, it added.Price: $27.12, Change: $+0.06, Percent Change: +0.22%

$ALRS

Wire44d ago

James River Group Shares Fall After UBS Downgrade

James River Group (JRVR) shares were down more than 7% after UBS downgraded the stock to neutral from buy, while lowering the price target to $4.75 from $8.Trading volume stood at about 496,000 shares, compared with a daily average of 365,636.Price: $4.06, Change: $-0.31, Percent Change: -7.09%

$JRVR

Wire44d ago

Lightspeed Commerce Shares Fall After BofA Securities Downgrade

Lightspeed Commerce (LSPD) shares fell 3.3% in afternoon trading Tuesday after BofA Securities downgraded the stock to underperform from neutral.Trading volume stood at nearly 1.1 million shares, compared with a daily average of about 874,000.Price: $8.66, Change: $-0.30, Percent Change: -3.30%

$LSPD

Wire44d ago

Hanover Insurance Shares Fall After BMO Downgrade

Hanover Insurance (THG) shares were down 1.4% in Tuesday trading after BMO downgraded the company's stock to market perform from outperform and adjusted its price target to $203 from $194.Trading volume stood at over 116,500 shares compared with a daily average of 292,200.Price: $194.86, Change: $-2.68, Percent Change: -1.36%

$THG

Wire44d ago

Market Chatter: Intel, Qualcomm Show Early Takeover Interest in Tenstorrent

Intel (INTC) and Qualcomm (QCOM) are among companies showing early takeover interest in Tenstorrent, with the firms holding conversations with the AI chip startup, Bloomberg reported, citing people familiar with the matter.Tenstorrent has been speaking with investment banks about evaluating its options and continues to court prospective investors in a funding round, while also entertaining interest from would-be buyers.The startup could be valued at more than $5 billion in a potential transaction, or higher, depending on how valuations evolve in the sector following Cerebras Systems' initial public offering, according to the report Monday.Intel and Qualcomm did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $111.47, Change: $+3.30, Percent Change: +3.05%

$INTC$QCOM

Wire44d ago

Roper Technologies Keeps Quarterly Dividend at $0.91 a Share, Payable July 22 to Shareholders of Record on July 8

$ROP

Wire44d ago

Assured Guaranty Shares Rise After UBS Upgrade

Assured Guaranty (AGO) shares rose 3% on Tuesday after UBS upgraded the stock to buy from neutral with a price target of $94 per share.Trading volume stood at over 280,000 shares compared with a daily average of 377,249.Price: $77.85, Change: $+2.30, Percent Change: +3.04%

$AGO

Wire44d ago

First Merchants Raises Quarterly Dividend to $0.37 a Share From $0.36, Payable June 19 to Shareholders as of June 5

$FRME

Wire44d ago

Market Chatter: Intel Urges PC Makers to Adopt Advanced CPUs Amid Supply Crunch

Intel (INTC) is urging notebook and personal computer makers to increase adoption of central processing units built on its latest 18A production process as demand for artificial intelligence computing strains processor supply, Nikkei Asia reported on Tuesday.The company has told clients supply availability is better for newer Panther Lake and Wildcat Lake chips than processors built on older manufacturing technologies, according to the report.Intel 7-based CPUs, including Alder Lake and Raptor Lake models, remain under pressure, with Intel prioritizing supply toward higher-margin server and industrial applications, Nikkei reported.Intel told Nikkei Core Series 3 processors built on 18A are "integral" to its client strategy and are designed to "ramp fast and at scale," but did not confirm whether it is pushing customers to increase 18A adoption.Intel did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $112.28, Change: $+4.11, Percent Change: +3.80%

$INTC

Wire44d ago

Top Midday Decliners

Estee Lauder (EL) remains in talks with Puig over a potential business combination, though there's no announcement to make yet, Reuters reported Tuesday, citing Estee Lauder Chief Executive Stephane de La Faverie.Shares dropped 4.5%, with intraday trading volume rising to over 2.26 million from a daily average of about 4.44 million.XP (XP) shares slumped more than 5% after the company reported Q1 results that fell short of analyst expectations.More than 8.26 million shares traded intraday, compared with a daily average of about 5.67 million.MakeMyTrip (MMYT) shares were down about 10% following its fiscal Q4 results.More than 1.12 million shares of the company traded intraday, compared with a daily average of about 1.43 million.Price: $76.12, Change: $-3.90, Percent Change: -4.87%

$EL$MMYT$XP

Wire44d ago

Update: KE Shares Rise After Q1 Beat

(Updates with the latest stock price movement in the headline and the first paragraph.)KE (BEKE) shares rose 5.9% on Tuesday after the company reported higher-than-expected Q1 results.The company reported Q1 adjusted net income Tuesday of 1.42 Chinese renminbi ($0.21) per diluted share, up from 1.19 renminbi a year earlier.Analysts polled by FactSet expected 0.97 renminbi.Revenue for the quarter ended March 31 was 18.89 billion renminbi, down from 23.33 billion renminbi a year earlier.Analysts surveyed by FactSet expected 18.63 billion renminbi.Price: $18.89, Change: $+1.09, Percent Change: +6.10%

$BEKE

Wire44d ago

Top Midday Gainers

CMB.TECH (CMBT) reported Q1 earnings and sales above market expectations on Tuesday.Shares were up 11%, with intraday trading volume at over 5.7 million from a daily average of roughly 1.7 million.Amesite (AMST) shares more than doubled after the company said late Monday it secured its largest enterprise customer to date for its NurseMagic platform, representing an approximately 2,700-patient census.More than 137.5 million shares of the company traded intraday compared with a daily average of about 589,000.Permian Basin Royalty Trust (PBT) major unitholder SoftVest and Blackbeard said late Monday they have signed a preliminary non-binding term sheet for a potential business combination.Shares advanced 5%, with intraday trading volume rising to over 203,000 from a daily average of about 163,000.Price: $16.73, Change: $+1.67, Percent Change: +11.09%

$AMST$CMBT$PBT

Wire44d ago

Market Chatter: Amazon Gains Ground in AI Chip Development

Amazon.com's (AMZN) long-running effort to develop an alternative to Nvidia's (NVDA) AI chips is starting to gain ground, The Information reported Tuesday.Anthropic and OpenAI have agreed to rent large amounts of current and future Trainium capacity from Amazon, and recent software improvements are prompting smaller developers to consider shifting workloads to the chip, the report said.Amazon did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $259.35, Change: $-5.51, Percent Change: -2.08%

$AMZN$NVDA

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