Norwegian Cruise Line Holdings has named veteran restaurant executive John Chidsey as its next chief executive officer, effective Thursday. Chidsey succeeds Harry Sommer, who is stepping down from his roles as president, CEO, and board member as part of a strategic leadership transition.
Constellation Brands announced Thursday that Nicholas Fink, currently the CEO of Fortune Brands Innovations, will succeed Bill Newlands as chief executive on April 13. The leadership transition comes as the producer of Modelo and Corona grapples with shifting consumer demand and broader volatility across the global alcohol industry.
Cochlear Ltd. reported a 21% drop in first-half profit to A$161.5 million after protracted price negotiations delayed the launch of its newest hearing system, forcing the medical device giant to lower its full-year earnings expectations.
Ingersoll Rand surpassed Wall Street expectations for the fourth quarter, reporting a significant rise in both profit and revenue fueled by strong performance across its industrial and life sciences divisions. The company posted adjusted earnings of 96 cents per share, outperforming the 90-cent consensus forecast provided by analysts.
Utz Brands shares cratered to a 52-week low on Thursday after the snack maker reported a fourth-quarter loss and issued a 2026 earnings outlook that fell far short of Wall Street estimates.
Shares of Geo Group plummeted on Thursday after the private prison operator issued a weak financial outlook for 2024 and announced the retirement of Chief Executive J. David Donahue. Despite beating fourth-quarter estimates, the company's conservative guidance and leadership transition sent the stock tumbling to a 52-week low.
Shares in European cement giants plummeted on Thursday after German Chancellor Friedrich Merz signaled a potential retreat from the European Union’s plan to phase out free carbon permits. The prospect of extended subsidies sparked fears of prolonged industrial oversupply, sending Heidelberg Materials and Holcim to their lowest levels since November.
L'Oreal CEO Nicolas Hieronimus signaled a period of accelerated growth for the French beauty titan on Thursday, reporting annual sales of 44.05 billion euros ($52.29 billion) while vowing to outpace a recovering global market. Despite headwinds from currency fluctuations and trade tariffs, the company reported an expanded operating margin of 20.2%, underpinned by an aggressive M&A strategy that includes the multi-billion-euro acquisition of Kering’s beauty portfolio.
Moderna is set to report a significant year-over-year revenue decline this Friday as the pharmaceutical giant navigates a shrinking Covid-19 market and a shifting regulatory landscape in Washington. Analysts polled by FactSet anticipate a quarterly loss of $1.02 billion, reflecting the company's ongoing struggle to pivot from pandemic-era highs toward a sustainable long-term pipeline.
Redwood Trust shares jumped 21% on Tuesday after the real estate investment trust reported a swing to profitability in the fourth quarter, significantly outpacing analyst expectations behind a surge in mortgage banking production.
Bombardier CEO Eric Martel expects a swift resolution to President Trump’s threat to ground Canadian aircraft in the U.S., a move triggered by Canada’s delay in certifying Gulfstream business jets. Speaking during a fourth-quarter earnings call, Martel indicated that the escalating trade friction between Ottawa and Washington is nearing a conclusion, potentially averting a 50% tariff on Canadian aerospace imports.
Belden Inc. shares climbed 8% following a fourth-quarter performance that outpaced Wall Street expectations on both the top and bottom lines. The networking and connectivity specialist reported revenue of $720.1 million, driven largely by robust growth within its industrial automation division.
Vontier shares climbed to a 52-week high on Thursday after the industrial technology firm reported fourth-quarter revenue that significantly exceeded Wall Street expectations. Despite a cautious near-term outlook for the first quarter, the company’s optimistic full-year guidance signaled robust growth ahead, driving a double-digit rally in its stock price.
Fastly Inc. shares posted their largest percentage gain on record Thursday after the edge cloud provider reported fourth-quarter revenue that exceeded analyst forecasts, fueled by the infrastructure demands of artificial intelligence.
Alphabet-owned Waymo is rolling out its sixth-generation autonomous driving system, a streamlined hardware suite designed to slash production costs and expand robotaxi operations into cities with extreme winter weather.
Motorola Solutions shares surged more than 10% Thursday after the communications equipment provider posted fourth-quarter results and a 2026 forecast that comfortably cleared Wall Street expectations. The rally follows a period of record revenue across the company's core business segments, marking its strongest single-day performance in nearly four years.
IPG Photonics shares surged 28% on Thursday after the laser-technology firm reported fourth-quarter earnings and revenue that significantly outpaced Wall Street expectations. Driven by stabilizing industrial demand in the U.S. and Asia, the company posted a sharp rise in profit alongside a new $100 million share repurchase program.
Shares of Innovative Solutions & Support (IS&S) surged to a new 52-week high on Thursday after the aerospace manufacturer reported first-quarter results that significantly outpaced Wall Street estimates. The company saw a triple-digit increase in net income, driven by robust demand for commercial aftermarket products and an expansion in services revenue.
Publicis Groupe has initiated a share buyback program worth up to €175 million ($207.8 million) to cover its long-term incentive obligations. The French advertising giant appointed an undisclosed investment services provider to execute the purchases, which are scheduled to conclude no later than April 10.
Toronto’s benchmark index retreated on Thursday as a sell-off in materials and tech sectors combined with a strategic slowdown at Restaurant Brands International to drag the market lower.
Shares of transportation technology provider RXO plummeted on Monday after the company priced a $400 million offering of senior notes due 2031. The sell-off, which saw the stock drop to $12.20, follows the firm's strategic move to refinance existing higher-interest debt.
Petroleum futures fell sharply during midday trading on Thursday as a significant surge in U.S. crude inventories and a downgraded global demand forecast outweighed persistent geopolitical tensions in the Middle East.
U.S. soybean export sales fell significantly short of market expectations for the week ending Feb. 5, even as corn and wheat volumes surpassed analyst projections, according to the latest data from the USDA.
ATN International shares surged 11% to a 52-week high after the company announced a deal to sell 214 towers and related operations for up to $297 million in cash. The divestiture to Everest Infrastructure Partners marks a major liquidity event for the communications firm, which has seen its stock price climb 69% over the past year.
Organon shares tumbled 13% after the pharmaceutical firm reported fourth-quarter earnings and revenue that fell short of Wall Street expectations. The sharp decline underscores a difficult year for the company, which has seen its stock price plummet by more than half over the last 12 months.
Howmet Aerospace shares surged more than 10% on Thursday after the company posted fourth-quarter earnings that surpassed Wall Street expectations and issued a bullish forecast for the coming year. The manufacturer reached a new record high of $255.05 following the report, driven by accelerating demand across its commercial and defense segments.
Conduent Inc. shares experienced extreme volatility on Wednesday after the company reported a $33 million fourth-quarter loss and declining revenue, though improving trends in its core segments helped the stock bounce off a new 52-week low.
California Governor Gavin Newsom announced Wednesday the final sealing of 21 oil wells at the AllenCo Energy site in Los Angeles, ending a ten-year legal conflict over public health and environmental violations. The decommissioning marks a definitive victory for University Park residents who have reported chronic health issues and safety hazards linked to the facility since 2013.
Zebra Technologies shares soared on Thursday after the maker of barcode and tracking systems reported fourth-quarter revenue that exceeded analyst expectations and issued a bullish growth forecast for the coming year. The stock’s nearly 20% rally marked its strongest single-day performance in over two decades, signaling investor confidence despite a year of broader market headwinds.
Tripadvisor stock plunged to a one-year low on Thursday after the online travel giant reported a surprise fourth-quarter loss and missed analyst estimates on both the top and bottom lines.
