Constellation Software posted third-quarter profit of $212 million as revenue climbed 19% to $3.51 billion, with acquired businesses driving most of the growth. Earnings per share, however, came in below analysts’ expectations, while organic revenue increased 2%, the company said.
Quest Diagnostics agreed to pay about $13 million to the Justice Department to resolve allegations that it provided illegal kickbacks to healthcare providers and executives in exchange for business referrals, according to a lawsuit.
Pollard Banknote’s third-quarter profit fell to CAD8.1 million from CAD10.3 million a year earlier, as the end of its Michigan iLottery contract weighed on results, co-Chief Executive Officer John Pollard said. Revenue rose, but both earnings and sales came in below analysts’ expectations.
Cyprus’ long-term issuer default ratings have been raised to A from A- by Fitch Ratings, which assigned the country a stable outlook. The agency cited falling government debt and strong fiscal balances, while flagging inflation and external vulnerabilities as risks.
After Friday’s closing bell, Repligen shares dropped 20% to $138.99 following a $1 billion convertible-note issue, while Hawaiian Electric Industries rose 2.9% after reporting quarterly growth. GeoVax Labs fell 4.3% after the company said it had fired its chief executive.
Repligen shares fell 20% to $138.99 in after-hours trading Friday after the company issued $1 billion in convertible senior notes. The stock had closed up 3% at $173.49 and had gained 5.9% for the year through that close.
Power Solutions International Chief Financial Officer Xun (Ken) Li will leave the company effective Nov. 27 to pursue another professional opportunity, according to a Friday filing with the Securities and Exchange Commission.
Hawaiian Electric Industries’ third-quarter profit rose to $35 million as gains from selling part of its American Savings Bank stake helped offset weaker results in its core business. Revenue increased 28% to $1.01 billion, while the utility’s adjusted earnings were 13 cents a share after certain one-time items were excluded.
Lululemon has appointed Ben Hallam as chief brand officer and Emily Sunderland as chief strategy officer, adding two senior leaders as Chief Executive Heidi O’Neill reshapes the company’s management team amid slumping sales.
A stronger-than-expected jobs report lifted Treasury yields and the dollar, but did little to settle investor concerns over artificial intelligence valuations. U.S. stocks finished mixed: the Dow fell, while the S&P 500 and Nasdaq advanced, with the tech index’s gains fading somewhat near the close.
Copper futures suffered their steepest one-week decline since March, while producers of metals, grains and other raw materials ended the week with relatively modest losses as investors returned to precious metals.
Energy stocks were little changed as traders assessed whether comments from President Donald Trump and Vice President JD Vance signaled that the Middle East war could soon end. Oil prices finished the week near $90 a barrel, despite a steep weekly decline.
Industrial and transportation shares moved modestly higher as investors weighed mixed earnings against fresh commercial activity, including stronger truck orders for Daimler Truck and a major propulsion agreement between Firefly Aerospace and AST SpaceMobile.
Health-care companies were little changed despite strong earnings, as traders shifted back toward cyclical sectors after strong jobs data. Moderna reported a third-quarter profit and lifted its full-year revenue growth forecast, while Humana shares gained on a higher 2026 earnings projection.
Financial stocks declined after stronger economic data raised the prospect of another Federal Reserve rate hike. The sector’s losses came as Brookfield Asset Management reported substantial fundraising and two European investors reached a tentative settlement with KPMG over Silicon Valley Bank audit work.
U.S. employers added 165,000 people to payrolls in October, far exceeding economists’ forecast of 59,000. Consumer companies rose after the stronger-than-expected jobs report, while updates from Under Armour and Bloomin’ Brands pointed to sharply different business trends.
Technology shares rose, recovering some ground after the sector’s biggest selloff in more than a year. The gains were modest, while Tesla and Alphabet’s drone-delivery unit Wing made separate announcements about their businesses.
Communications-services shares gained as traders moved back into consumer-facing sectors after U.S. jobs data came in stronger than expected. The October report showed payrolls increased by 165,000, compared with economists’ average forecast of 59,000.
Shares of power producers climbed after Vistra reported third-quarter profit and revenue above expectations, with demand linked to the artificial-intelligence buildout helping the merchant generator’s results. Rival NRG and Constellation Energy also rose sharply.
Frank Sullivan plans to step down as chief executive of RPM International within the next 12 to 18 months, ending nearly 25 years leading the building-products supplier, the company said in a Friday filing with the Securities and Exchange Commission.
UC Automotive, a used-car dealership based in Richmond, British Columbia, has filed for an initial public offering and plans to list on Nasdaq. The company did not disclose how many shares it plans to sell or the proposed price range.
A Paradise III Acquisition plans to raise $100 million in an initial public offering, selling 10 million units at $10 each. The special-purpose acquisition company will seek a business in the leisure and entertainment sector, according to its filing.
U.S. employers added 165,000 workers to payrolls in October, far above economists’ forecast of 59,000, but the stronger report did little to settle investor concerns over the AI boom. The Dow fell, while the S&P 500 and Nasdaq ended higher after the tech-led gains eased toward the close.
Iren shares rose 19% to $21.42 in Friday afternoon trading after the company reported higher fiscal first-quarter revenue and a narrower loss, with demand for AI cloud capacity supporting stronger pricing. The stock remains down 43% year to date, having retreated from its May peak.
Cleveland-Cliffs has reached new four-year labor agreements with the United Steelworkers covering about 12,000 employees at steel plants and mining operations in five states. The contracts settle all union agreements at the company that were up for renewal, but still require approval by local union members.
Behneh plans to offer 5 million shares at $3 to $5 each in an initial public offering, according to the Singapore-based financial technology company’s filing. It intends to list on Nasdaq under the ticker BENE.
SpaceX shares climbed 6.6% to $131.45 by midday Friday after the Federal Aviation Administration said it plans to ease regulatory burdens on commercial space launch and reentry licensing.
U.S. employers added 165,000 jobs in October, far above the 59,000 expected by Wall Street Journal economists, while unemployment edged down to 4.1%. Treasury yields rose Friday as the report reinforced expectations of a Federal Reserve rate increase in December.
Ubiquiti shares surged 17% to $599.88 on Friday after the networking equipment company reported higher fiscal first-quarter profit and revenue. Revenue increased 40% to $1.03 billion, while net profit rose to $320.5 million from $207.9 million a year earlier.
CG Oncology shares rose 20% to $77.96 on Friday after the cancer treatment developer reported a third-quarter loss per share smaller than analysts expected and revenue above forecasts. The stock has gained 87% this year.
