ConEd Surpasses Q4 Revenue Forecasts as Energy Demand Climbs
Consolidated Edison reported fourth-quarter revenue of $4.0 billion, exceeding Wall Street projections as higher electric and natural gas returns bolstered the New York utility’s top line.
Market Quotes
Forefront Tech Holdings SPAC Files for $100 Million Nasdaq IPO
Forefront Tech Holdings Acquisition filed with the SEC on Thursday to raise $100 million in an initial public offering, signaling a renewed appetite for specialized blank-check vehicles. The company intends to target high-growth sectors including blockchain-integrated artificial intelligence and robotics.
BP Proposes 150-Day Strike Notice at Whiting Refinery
BP is pushing to extend the mandatory notice period for strikes or lockouts at its Whiting, Indiana refinery from 24 hours to 150 days, citing a need for industrial stability. The proposal comes as the energy giant remains locked in tense contract negotiations with the United Steelworkers, who have already authorized a walkout at the 440,000 barrel-per-day facility.
Tech Stocks Retreat as AI Infrastructure Costs Weigh on Valuations
Technology shares declined as investors re-evaluated the long-term profitability of the artificial intelligence boom, balancing massive capital expenditure requirements against uncertain returns. Despite reports of a new $100 billion funding round for OpenAI, shares of its primary backer, Microsoft, fell as the market scrutinized whether the shift toward capital-intensive infrastructure will erode the high-margin software models that have long defined the sector.
Southern Co Growth Outlook Powers Utility Sector Gains
Utility stocks advanced as investors pivoted toward defensive assets amid geopolitical instability and private-credit anxieties, sparked by a robust long-term growth forecast from Southern Co.
Telstra Hits Multi-Year High as Communications Sector Rallies
The communications services sector climbed on renewed growth optimism, led by a surge in Australian carrier Telstra following a dividend beat and an expanded buyback program.
Floor & Decor Shares Rally Despite Slowing Home Sales
Floor & Decor Holdings shares climbed nearly 6% in after-hours trading Thursday after the flooring retailer reported quarterly earnings that beat analyst expectations. While the company continues to grapple with a cooling housing market and a dip in same-store sales, a 2% increase in total revenue suggests the brand is successfully capturing market share from competitors.
World Kinect Shares Slide as Q4 Earnings and Revenue Miss Estimates
World Kinect shares tumbled in after-hours trading Thursday after the energy management firm reported fourth-quarter results that missed Wall Street expectations on both the top and bottom lines. The company posted a widened net loss and issued a full-year profit outlook that trailed analyst projections, overshadowing management's focus on a multi-year portfolio restructuring.
Copart Stock Tumbles as Quarterly Earnings Miss Wall Street Targets
Shares of Copart fell sharply on Thursday after the online vehicle auction specialist reported second-quarter profit and revenue that trailed analyst expectations, extending a year-long slump for the company.
Akamai, Copart, and Grail Shares Tumble on Weak Outlooks and Trial Miss
Investors pulled back from Akamai Technologies, Copart, and Grail on Thursday as a combination of disappointing financial forecasts and a major clinical setback sent share prices sliding in late-session trading.
Perdoceo Shares Rally on 20% Revenue Growth and Acquisition Gains
Perdoceo Education stock climbed more than 6% in extended trading Thursday after the for-profit education provider reported a significant revenue spike driven by its recent expansion into the healthcare sector.
Metallus Shares Tumble 12% on Disappointing Q4 Revenue
Metallus shares fell sharply in after-hours trading Thursday after the metal manufacturer posted fourth-quarter sales and earnings that significantly trailed analyst projections. The 12% decline to $18.38 marks a sudden reversal for the stock, which had gained 34% over the previous 12 months.
Domo Explores Potential Sale in Strategic Review
Domo, the AI-driven data analytics platform, has launched a formal review of strategic alternatives that could result in a sale, merger, or new investment. The company's board of directors announced the move on Thursday, signaling a push to maximize shareholder value as it navigates a competitive enterprise software market.
Boyd Gaming Boosts Quarterly Dividend 11% to $0.20
Las Vegas-based Boyd Gaming announced an 11% increase to its quarterly dividend on Thursday, raising the payout to $0.20 per share as it ramps up capital returns to investors.
Northern Oil and Infinity Realign Stakes in $1.2B Utica Shale Deal
Northern Oil & Gas and Infinity Natural Resources have recalibrated their ownership split for a pending $1.2 billion acquisition of Utica Shale assets in Ohio. In a shift announced Thursday, Northern Oil & Gas (NOG) will reduce its stake to 40%, allowing partner Infinity Natural Resources to take a majority position as the companies move toward a first-quarter closing.
Clear Street Scraps Nasdaq IPO Citing Market Volatility
Clear Street Group, the financial infrastructure firm, has officially withdrawn its plans for an initial public offering, according to a Thursday filing with the Securities and Exchange Commission. The decision halts the company’s path to the public markets just weeks after its registration statement was declared effective.
Universal Display Hikes Dividend 11% on Strong Cash Flow Outlook
Universal Display Corp. announced an 11% increase to its quarterly cash dividend, signaling confidence in its ability to generate consistent capital. The technology firm will now pay 50 cents per share, up from the previous 45 cents, as it reinforces its commitment to returning value to its investor base.
Energy Stocks Rally as Trump Signals Potential Strike on Iran
Energy sector shares and crude oil futures climbed as geopolitical tensions intensified following President Trump’s warning of potential military action against Iran. With a 10-day deadline looming for a new nuclear agreement, oil prices reached their highest level since early August, reflecting market anxiety over supply stability in the Middle East.
Materials Stocks Retreat as Gold and Silver Rally Loses Steam
Shares of raw material producers retreated as the recent surge in gold and silver prices entered a cooling phase following a volatile start to 2026. After hitting record highs earlier this year, the precious metals sector is now navigating significant price corrections that have dampened momentum across the broader commodities market.
Essex Property Trust Raises Quarterly Dividend to $2.59
Essex Property Trust (ESS) announced a 0.8% increase to its quarterly cash dividend on Thursday, raising the payout to $2.59 per share. The San Mateo-based real estate investment trust confirmed the new distribution will be payable on April 15 to shareholders of record as of March 31.
Chemours Q4 Loss Deepens as Industrial Slump Hits Volumes
Chemours reported a wider fourth-quarter loss on Wednesday, as weak demand in its core titanium and performance materials segments offset gains in its refrigerant business. The Wilmington-based chemical manufacturer saw net losses balloon to $47 million, missing analyst estimates for adjusted earnings as industrial headwinds weighed on production volumes.
Meritage Homes Hikes Quarterly Dividend by 12%
Meritage Homes announced a 12% increase to its quarterly cash dividend on Thursday, raising the payout to 48 cents per share as the homebuilder strengthens its capital return program.
Texas Roadhouse to Hike Prices as Inflation Erodes Quarterly Profits
Texas Roadhouse announced a 1.9% menu price increase effective early April, following a fourth-quarter earnings miss fueled by persistent commodity and labor inflation. Despite a revenue climb to $1.48 billion, the casual dining chain reported a significant dip in net income as rising operational costs squeezed restaurant margins.
Akamai Beats Revenue Estimates as Security and Cloud Growth Offset Charges
Akamai Technologies reported fourth-quarter revenue of $1.09 billion, exceeding analyst expectations as strong demand for its security and cloud computing segments compensated for a decline in its traditional content delivery business. Despite the top-line growth, net income fell to $85.1 million due to significant restructuring costs related to workforce reductions.
Extra Space Storage Beats Estimates as Q4 Revenue Climbs
Extra Space Storage reported a fourth-quarter profit of $287.4 million on Thursday, exceeding analyst expectations as same-store revenue growth offset a slight dip in occupancy. The self-storage real estate investment trust (REIT) posted earnings of $1.36 per share, outperforming the prior year’s results and signaling resilience in a tightening storage market.
Boehringer Ingelheim Secures FDA Emergency Use for Screwworm Drugs
The U.S. Food and Drug Administration has granted emergency use authorization to Boehringer Ingelheim for treatments targeting New World screwworm in dogs and cats. The move provides veterinarians with immediate tools to combat the parasitic threat as cases emerge near the U.S. border.
Pokemon Co. International to Acquire Top U.S. Distributor Excell Brands
The Pokemon Company International has reached an agreement to acquire Excell Brands, its largest distribution partner in the United States. The deal, announced Thursday, aims to solidify the company's supply chain and retail footprint as trading card values continue to outperform traditional market indices.
Corcept Shares Plunge as Teva Wins Korlym Patent Appeal
Corcept Therapeutics lost a pivotal patent-infringement appeal against Teva Pharmaceutical Industries on Thursday, a ruling that clears the path for generic competition against Corcept’s flagship drug, Korlym. The decision by the U.S. Court of Appeals for the Federal Circuit upholds a previous finding, triggering an 18% sell-off in Corcept’s stock as investors price in the end of the drug's market exclusivity.
Aritzia Acquires Iconic Fred Segal Brand to Fuel U.S. Expansion
Vancouver-based retailer Aritzia has acquired the Fred Segal fashion and lifestyle brand, securing the label’s historic flagship location in Los Angeles. The deal, announced Thursday, marks a strategic move to deepen Aritzia's footprint in the American market as it looks to more than triple its store count across the United States.
Eli Lilly Reports Long-Term Success for Crohn’s Therapy Omvoh
Eli Lilly announced Thursday that its drug Omvoh demonstrated sustained efficacy over a three-year period for adults with moderate-to-severe Crohn's disease, marking a significant milestone in the long-term management of the chronic condition.