SiTime stock soared to a record high Thursday after the semiconductor company announced a definitive agreement to acquire Renesas Electronics’ timing business for $1.5 billion in cash and approximately 4.13 million shares.
Maximus shares plunged Thursday after the government services contractor reported a first-quarter revenue decline and issued a fiscal 2026 sales forecast that trailed Wall Street expectations, overshadowing a beat on the bottom line.
Novo Nordisk is pursuing legal and regulatory action against Hims & Hers Health after the telehealth provider launched a cheaper, compounded version of the weight-loss drug Wegovy. The pharmaceutical giant labeled the move "illegal mass compounding," warning that the unapproved copies pose significant risks to patient safety.
IQVIA Holdings shares dropped 9% on Thursday after the life sciences data giant issued a 2026 earnings forecast that fell short of analyst expectations, overshadowing a strong finish to the previous fiscal year.
Ensign Group shares climbed 13% on Thursday after the healthcare provider reported fourth-quarter earnings that surpassed analyst expectations, driven by robust revenue growth across its skilled nursing and senior living portfolio.
Post Holdings has appointed Greg Pearson as president and chief executive of its Post Consumer Brands unit, effective this April. Pearson succeeds Nicolas Catoggio, who transitioned to the role of chief operating officer last month, as the consumer packaged goods giant strengthens its leadership to navigate the competitive grocery and pet food sectors.
Peloton Chief Financial Officer Liz Coddington is stepping down to lead the finance department at solar energy provider Palmetto, ending a four-year tenure marked by aggressive financial restructuring. Her transition, effective March 30, comes as the connected-fitness pioneer attempts to stabilize its business model in the face of dwindling membership and shrinking revenues.
Shares of Cerence dropped 20% in premarket trading after the automotive AI developer projected second-quarter revenue below Wall Street expectations. While the company reported a significant narrowing of losses and a doubling of revenue for its first fiscal quarter, the cautious outlook for the current period triggered a sharp selloff.
Vestas Wind Systems shares tumbled 10% on Thursday after the Danish wind-turbine manufacturer delivered a mixed fourth-quarter report that missed analyst expectations. While the company signaled long-term confidence through a new share buyback and dividend, a cautious profitability outlook for its crucial service business weighed heavily on investor sentiment.
Byrna Technologies shares climbed Thursday after the personal defense manufacturer announced a 33% increase in production capacity and its first strategic price hike in years to capture rising market interest.
U.S. grain export sales struggled to meet expectations for the week ending Jan. 29, according to the Department of Agriculture, with soybean, corn, and wheat volumes all landing at the bottom of analyst projections despite steady demand from China and Mexico.
Wolfspeed shares tumbled 20% in pre-market trading Thursday after the silicon carbide manufacturer reported declining second-quarter revenue and warned of further weakness in the months ahead. The sell-off follows the company’s recent emergence from bankruptcy and reflects investor anxiety over a projected revenue dip tied to a major facility closure.
Huntington Ingalls Industries shares tumbled Thursday after the defense giant issued a 2026 free cash flow forecast that missed analyst expectations, overshadowing a robust fourth-quarter performance. Despite beating top and bottom-line estimates on the back of surging naval demand, the shipbuilder’s projected cash position signaled a potential slowdown from its recent record-setting growth.
Ralliant shares plummeted 33% on Thursday after the technology firm recorded a massive $1.4 billion impairment charge related to its electric vehicle operations. The non-cash hit swung the company to a significant fourth-quarter loss, reflecting a broader cooling in the global EV market and internal delays in the company's automotive ambitions.
Brand Engagement Network shares climbed 28% on Thursday following the immediate termination of its $50 million standby equity-purchase agreement with Yorkville Advisors Global. The technology firm confirmed it has no lingering obligations under the facility, signaling a strategic pivot toward private placement funding.
Intercontinental Exchange (ICE) reported a fourth-quarter profit of $851 million, exceeding analyst expectations as high trading volumes across its exchanges fueled a nearly 4% rise in total revenue.
Lightspeed Commerce raised its fiscal 2026 outlook on Thursday, following a third-quarter performance that beat analyst expectations on both the top and bottom lines. The Montreal-based provider of point-of-sale software now targets annual revenue of up to $1.22 billion, bolstered by significant gains in its payments processing business and steady expansion across North American and European markets.
Japanese water treatment specialist Suido Kiko Kaisha Ltd. reported a return to profitability for the nine months ended Dec. 31, 2024, reversing a prior-year loss to post a net income of ¥158 million. The Tokyo-listed firm saw its top-line performance surge, signaling a robust operational turnaround compared to the same period in the previous fiscal year.
MasterCraft Boat Holdings and Marine Products Corporation have reached a definitive agreement to merge in a cash-and-stock transaction valued at $232.2 million. The deal, expected to close in the second quarter, aims to create a more resilient powerboat manufacturer by consolidating manufacturing footprints and dealer networks.
Kodiak Gas Services has entered an agreement to acquire Distributed Power Solutions (DPS) for $675 million, positioning itself to meet the massive energy requirements of the burgeoning data center industry. The deal, which combines cash and equity, is slated to close in early April and will integrate DPS’s specialized power assets into Kodiak’s broader service offerings.
Baker Hughes has secured a multiyear agreement to serve as the preferred downstream chemicals supplier for Marathon Petroleum’s U.S. operations. The partnership covers 12 oil refineries and two renewable-fuel facilities, streamlining the delivery of specialized treatments and digital monitoring tools across the refiner's domestic network.
Ralph Lauren Corp. reported a significant jump in fiscal third-quarter profit and raised its full-year sales forecast, driven by a resurgence in classic American style among younger consumers and robust growth across Asian markets.
Norwegian Air Shuttle reported a 2.6% year-on-year decline in passenger volume for January, carrying 1.24 million travelers as the airline strategically trimmed capacity to match the winter slowdown.
Finnair transported 912,300 passengers in January, a 3.8% increase over the previous year, driven by resurgent demand across its primary long-haul networks. While the figure represents a seasonal dip from December’s peak, the year-on-year growth signals a strengthening baseline for the Finnish flag carrier.
ITT, the Connecticut-based manufacturer of engineered components, announced a 10% increase to its quarterly dividend on Thursday, raising the payout to 38.6 cents per share. The move underscores the company's current strategy of returning surplus capital to its investors.
Spectrum Brands reported a 3.3% decline in first-quarter net sales to $677 million, as a sharp downturn in its garden and personal care segments offset gains in its pet division. Despite the revenue dip, the consumer products giant outperformed analyst expectations and posted higher net income compared to the previous year.
ITT Inc. reported fourth-quarter earnings and revenue that exceeded Wall Street expectations, driven by robust demand across its industrial pump and defense segments. The Stamford, Connecticut-based manufacturer also issued an optimistic first-quarter forecast, signaling continued growth into the new fiscal year.
American Superconductor shares jumped in premarket trading after the company reported fiscal third-quarter revenue that exceeded analyst expectations and issued an optimistic forecast for the current period. The manufacturer, which produces specialized hardware for power grids and industrial applications, saw its stock rise 18% to $32.49 following the release of its December quarter results.
Eikon Therapeutics is scheduled to begin trading on the Nasdaq Global Select Market this Thursday following an upsized initial public offering that priced at the ceiling of its expected range. The Millbrae, California-based biopharmaceutical firm raised its offering to nearly 21.8 million shares at $18 each, signaling robust investor appetite for its clinical-stage pipeline.
Sirius XM reported a sharp decline in fourth-quarter net income as heavy restructuring charges offset a marginal rise in total revenue. While the satellite radio giant surpassed analyst expectations on the top line, its cautious 2026 outlook suggests a period of stagnation for the New York-based broadcaster.
