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A 7.5% slide in stock price greeted Deckers Outdoor on Thursday after the footwear giant reported a cooling in sales growth for its core Hoka and Ugg brands. While the company met quarterly revenue expectations, the deceleration from previous double-digit gains prompted immediate investor caution despite an increased profit outlook.
Tenet Healthcare shares jumped 13% in after-hours trading Thursday, hitting $224.00, after the hospital operator smashed second-quarter profit expectations and aggressively raised its financial outlook for the remainder of the year, signaling a significant shift in the company's fiscal trajectory compared to previous analyst forecasts.
A new joint venture dubbed MCT Holdings is set to consolidate truck, trailer, and rail refrigeration dealerships across the United States. The partnership, split equally between Rush Enterprises and an affiliate of MCT Companies, aims to capture a larger footprint in the specialized commercial vehicle sector.
James Saccaro is stepping down as chief financial officer of GE HealthCare Technologies to pursue a career outside the medical device industry. His resignation, effective August 14, triggers a leadership transition for the company as it simultaneously projects steady growth in its preliminary second-quarter financial results.
A federal grant of $150 million has been finalized for EnerSys, bolstering plans to construct a high-capacity lithium cell manufacturing facility in Greenville, South Carolina. The infusion of government capital pushes the total projected investment in the site toward the $500 million mark as the company eyes defense-grade production.
Magnachip Semiconductor is moving into the high-voltage power market through a strategic licensing agreement with Navitas Semiconductor. By integrating Navitas’ trench-assisted planar technology, Magnachip gains the capability to manufacture silicon carbide devices rated for 1,200 volts and beyond, targeting the growing demands of industrial and automotive electrification sectors.
MacroGenics has cleared a critical hurdle in its clinical investigation of MGC026, moving patients with recurrent or metastatic squamous cell carcinoma of the head and neck into the second stage of a Phase 1 study after hitting a pre-specified response threshold in initial testing.
Investors in Betterware de México are set for a payout bump as the company increases its quarterly dividend to 36.13 cents per share. This 18 percent hike, rising from the previous 30.63 cents, underscores a shift in capital distribution for the direct-to-consumer retailer as it navigates current market valuations.
Shareholders of Avidia Bancorp are set for a pay bump as the institution lifts its quarterly dividend by 20 percent. The increase brings the payout to 6 cents per share, up from the previous 5-cent mark, reflecting the firm's latest capital distribution strategy following Thursday’s market close.
A 44% premium on Thursday’s closing price anchors the $1.54 billion agreement between Spanish insurer Mapfre and Massachusetts-based Safety Insurance Group. The acquisition, priced at $105 per share, signals a major expansion for the Madrid-based firm into the U.S. property and casualty market.
Investors holding SouthState Bank stock are set for a pay bump as the financial services firm announced a 10% increase in its quarterly dividend. The adjustment shifts the payout from 60 cents to 66 cents per share, signaling confidence in the institution’s current capital position and long-term earnings trajectory.
A 44% premium over Thursday’s closing price highlights the $1.54 billion agreement between Spain-based Mapfre and Boston-based Safety Insurance Group. The all-cash transaction brings the property and casualty insurer under the Mapfre umbrella, marking a significant consolidation move in the U.S. insurance market.
Expanding its reach from the ocean surface to the seafloor, Ocean Power Technologies finalized a deal on July 22 to acquire strategic subsea development assets from Columbia Power Technologies. The move aims to bolster the company's maritime infrastructure portfolio for defense, security, and commercial clients.
A 16% jump in after-hours trading greeted Amkor Technology’s announcement of a $1.5 billion strategic partnership with Nvidia. The deal centers on developing advanced semiconductor packaging and testing technologies specifically engineered for the high-performance demands of next-generation artificial intelligence and accelerated computing platforms.
Shareholders of Archrock are set for a pay bump, as the energy infrastructure firm announced a 5% increase to its quarterly dividend. The adjustment brings the payout to 23 cents per share, marking the company’s fifth consecutive increase in just two years of fiscal activity.
With a dominant 69% stake held by Joshua Kushner’s Thrive Capital, defense technology developer Lyntris has officially filed for an initial public offering. The company, which specializes in sense-to-act connectivity solutions, submitted its preliminary paperwork to the Securities and Exchange Commission on Thursday to initiate the transition toward public trading.
Persistent interest rate pressure, shifting capital toward AI, and volatile oil prices are cooling the manufacturing sector. As the materials industry faces a broader market retreat, major players are navigating these headwinds with mixed results, balancing operational volume against shifting commodity pricing cycles.
Brent crude climbed to $100 a barrel for the first time in two months after Houthi militants targeted two Saudi tankers near the Bab al-Mandeb Strait. The escalation, coupled with a vow of major military retaliation from President Trump, has triggered a sharp rally in energy sector shares globally.
Brent crude climbed to $100.69 a barrel on Thursday, marking its highest close in two months after Iran-backed Houthi militants targeted two Saudi tankers near the Bab al-Mandeb Strait. The 7% surge reflects mounting anxiety as Middle Eastern conflicts increasingly threaten the stability of global energy supply chains.
A new multi-year licensing agreement will bring the high-flying stars of Lucha Libre AAA Worldwide into the Mattel product ecosystem. The partnership bridges the gap between the toy giant’s existing sports entertainment dominance and the iconic Mexican wrestling promotion, with the first retail toys scheduled to arrive in late 2027.
Oil prices surged past $100 per barrel on Thursday, acting as a catalyst for a broad selloff that saw the Nasdaq Composite plunge 2.15%. Markets buckled under the weight of ballooning capital expenditures at Alphabet and Tesla, forcing investors to confront the steep financial reality of the current artificial intelligence arms race.
A minor bicycle accident involving Whirlpool Chief Executive Officer Marc Bitzer has forced the appliance manufacturer to postpone its second-quarter earnings disclosure. The company shifted its financial reporting schedule to align with the executive’s anticipated return to his desk early next month.
A 13 percent decline in second-quarter profit highlights the mounting pressure on Boyd Gaming, as the company grapples with cooling destination business in Las Vegas and the logistical friction of ongoing property renovations. The operator posted a quarterly profit of $131.2 million, down from $151.5 million during the same period last year.
Comfort Systems USA is boosting its quarterly cash dividend to 90 cents per share, representing a 13 percent increase from the previous 80-cent payout. This adjustment reflects the company's commitment to returning capital to shareholders, with the new distribution scheduled for disbursement late next month.
Global oil prices surged past $100 a barrel for the first time in two months following Houthi attacks on tankers in the Red Sea, triggering a broad market selloff. The volatility was compounded by a sharp retreat in big tech stocks as investors grew wary of the massive capital spending required for artificial intelligence.
Sallie Mae shares tumbled 5.8% in after-hours trading Thursday, sliding to $22.78 after the student lender reported a sharp decline in second-quarter profit and net interest income. Despite the financial contraction, the firm maintained its full-year earnings guidance, citing sustained demand for private education loans.
Shareholders of Stanley Black & Decker are set to receive a slightly higher payout this autumn as the tool manufacturer bumps its quarterly cash dividend by 1.2 percent. The increase brings the dividend to 84 cents per share, up from the previous 83-cent distribution.
VeriSign is funneling an additional $884.2 million into its share repurchase program, a move that pushes the total capacity for buybacks to $1.5 billion. The technology firm signaled its intent to return capital to shareholders alongside a confirmed cash dividend payout scheduled for late August.
Within a frantic 30-day window, RingCentral employees across all departments completed over 2,500 software projects using OpenAI’s ChatGPT Work and Codex tools. This internal sprint marks a strategic pivot for the cloud communications firm as it aims to accelerate the deployment of its AI-driven customer service suite.
The experimental lymphoma treatment epcoritamab failed to meet its primary endpoint of overall survival in a late-stage clinical trial. Genmab and AbbVie confirmed the disappointing results on Thursday, following their initial disclosure of topline data from the Phase 3 study on January 16.