Lamb Weston Holdings has appointed former Anheuser-Busch InBev executive Jan Craps as its first executive chair and named James Gray as its new chief financial officer. The management shakeup, announced Wednesday, signals a strategic pivot for the Boise-based potato giant as it seeks to accelerate growth and address demands from activist investors.
Valvoline shares surged on Wednesday after the automotive service provider reported first-quarter adjusted earnings that topped analyst expectations, successfully navigating a year-over-year swing to a net loss.
Performance Food Group (PFG) shares plummeted Wednesday after the food service distributor missed second-quarter earnings expectations and trimmed its full-year sales guidance, signaling a cautious outlook for the months ahead.
Kennametal shares surged 13% on Tuesday after the industrial tools manufacturer reported second-quarter sales and earnings that comfortably cleared Wall Street estimates. The rally, which pushed the stock to a new 52-week high, follows a period of robust growth as the company navigates shifting commodity prices and improving industrial demand.
ATS Corp. shares climbed Wednesday after the Canadian automation specialist reported third-quarter revenue that exceeded both internal guidance and analyst forecasts. Driven by organic growth across most segments and a rebound in order bookings, the company signaled resilience despite recent leadership transitions.
Industrial technology firm Fortive saw its shares jump 10.5% on Wednesday after reporting fourth-quarter earnings and a long-term profit forecast that surpassed Wall Street expectations.
U.S. crude oil inventories fell by 3.5 million barrels last week as production freeze-offs caused by Winter Storm Fern outweighed a surge in imports. According to data released Wednesday by the Energy Information Administration, commercial stockpiles dropped to 420.3 million barrels for the week ended Jan. 30, defying analyst expectations of a neutral reading.
USG Corp. has appointed Operating Chief Christopher Macey as its next president and CEO, effective April 1, 2026, following the planned retirement of current leader Christopher Griffin.
Reynolds Consumer Products shares rallied on Wednesday after the household staples manufacturer posted fourth-quarter revenue that topped Wall Street estimates. While the maker of Reynolds Wrap met earnings expectations, its stock jumped 12% to $24.46 in morning trading, recovering some ground after a year-long slump.
Boston Scientific shares plummeted on Wednesday after the medical device maker issued a first-quarter outlook that fell short of Wall Street estimates, overshadowing a strong finish to the previous fiscal year. Despite beating fourth-quarter earnings expectations, the company’s conservative short-term projections triggered the stock's sharpest intraday decline in over two decades.
Azenta stock plummeted Wednesday morning after the life sciences company reported a fiscal first-quarter loss that exceeded analyst projections. Despite a slight uptick in total revenue, the firm’s adjusted earnings fell short of Wall Street estimates, intensifying pressure on its valuation.
Shares of Adient jumped 13% on Wednesday after the automotive-seating manufacturer raised its long-term financial guidance, citing a more robust outlook for global vehicle production. The company now expects to outperform previous revenue and earnings projections for 2026, signaling confidence in its operational resilience despite a quarterly net loss.
Cencora shares tumbled Wednesday morning after the pharmaceutical distribution giant reported fiscal first-quarter revenue that fell short of analyst expectations, overshadowing a beat on adjusted earnings and an upgraded long-term growth outlook.
BNP Paribas is set to report its fourth-quarter 2025 results this Thursday, with analysts forecasting a jump in revenue to 12.86 billion euros ($15.20 billion) driven by retail strength and the integration of AXA IM. As the Paris-based lender navigates a shifting regulatory landscape, investors are laser-focused on whether the bank will accelerate its capital ratio targets or prioritize shareholder returns through dividends.
Silgan Holdings shares climbed 6.5% in Wednesday morning trading after the metal packaging provider reported fourth-quarter revenue and adjusted earnings that exceeded Wall Street estimates.
InnoVage shares soared more than 30% on Wednesday after the senior healthcare provider reported a surprise second-quarter profit and boosted its long-term financial guidance, significantly outperforming Wall Street expectations.
CDW Corp. shares jumped Wednesday after the technology solutions provider reported fourth-quarter earnings and revenue that outpaced analyst expectations, signaling resilience despite a broader 12-month decline in its stock price.
AT&T is migrating its core network workloads to Amazon Web Services (AWS) as part of a sweeping modernization deal designed to integrate cloud scale with national fiber and satellite connectivity. The partnership, announced Wednesday, will see the telecommunications giant link AWS data centers with high-capacity fiber while leveraging Amazon’s satellite network to expand its service reach.
AbbVie Inc. outperformed Wall Street expectations in the fourth quarter, posting $16.62 billion in revenue as its newer immunology and neuroscience treatments cushioned the impact of biosimilar competition for its former top-selling drug, Humira.
Standard Bank Group has significantly expanded its ownership in Investec, securing a 5.95% stake in the financial services provider. The disclosure marks a notable increase from the bank's previous holding and highlights a strategic consolidation within the sector.
Super Micro Computer shares rallied in pre-market trading Wednesday after the IT infrastructure giant reported second-quarter revenue that more than doubled, significantly outpacing Wall Street expectations. The surge offers a reprieve for the stock, which has struggled over the past year despite the ongoing artificial intelligence infrastructure boom.
SiTime is exploring a potential acquisition of the timing operations of Renesas Electronics, a move that would consolidate key assets in the specialized semiconductor market. Both companies confirmed the discussions on Wednesday, though they noted that no final decision has been reached regarding the sale.
Denmark’s shipping giant A.P. Moller-Maersk is expected to report a sharp decline in year-over-year earnings this Thursday, despite a late-year surge in container volumes driven by Chinese exports. While the company benefited from a resilient 2024, analysts warn that a massive influx of new vessels and shifting trade routes through the Red Sea are creating a supply-demand imbalance that could push profits into the red by 2026.
DT Cloud Star Acquisition, a special purpose acquisition company, has entered into a definitive agreement to acquire regenerative medicine specialist PrimeGen US. The deal, which values the biotech firm at approximately $1.5 billion, is expected to close in the second half of 2024 and will transition the company to the public markets.
Boston Scientific shares plummeted more than 10% in premarket trading on Wednesday after the medical technology giant issued a cautious financial outlook for the coming year, eclipsing a fourth-quarter performance that exceeded Wall Street expectations for both revenue and profit.
Columbus McKinnon finalized its acquisition of Kito Crosby from KKR on Wednesday, immediately integrating key regional executives to lead its expanded global footprint. The move solidifies a unified leadership structure across the Americas, EMEA, and Asia Pacific following the high-stakes merger first announced in February.
Intapp Inc. shares tumbled in premarket trading Wednesday after the AI-driven dealmaking platform issued a fiscal outlook that failed to exceed high investor expectations, overshadowing a second-quarter earnings beat. Despite reporting adjusted profits and revenue that surpassed Wall Street estimates, the Palo Alto-based firm's projected growth for the remainder of the year aligned too closely with existing forecasts to sustain its recent momentum.
Belgium raised 6 billion euros ($7.09 billion) on Wednesday through a new 30-year government bond that drew more than 113 billion euros in orders. The issuance, maturing in June 2056, underscores a high appetite for long-dated sovereign debt as institutional investors move to lock in yields.
Tyler Technologies announced Wednesday that its board of directors has approved a new stock buyback program of up to $1 billion, signaling strong confidence in the firm’s long-term growth trajectory and market position.
Corpay has reached an agreement to sell its mobile parking payments business, PayByPhone, to private equity firm Lightyear Capital as part of a strategic realignment. The transaction, expected to close in the second quarter of 2024, marks a decisive step by the company to streamline its portfolio and sharpen its focus on the business-to-business sector.
