With an 8.2% hike in its quarterly payout, San Dimas-based American States Water has pushed its record of consecutive annual dividend increases to 72 years, reinforcing its position at the top of the elite list of dividend kings that have maintained growth for at least half a century.
A 27% plunge in premarket trading greeted Bandwidth investors Wednesday morning after the Raleigh-based software firm lowered its full-year earnings outlook. The sharp drop to $38.30 marks a sudden reversal for a stock that had nearly quadrupled in value over the previous twelve months of trading.
A $4 billion acquisition bid for Allied Gold has collapsed, with buyer Zijin Gold International pivoting to a minority stake instead. Both firms abandoned the deal after failing to secure necessary Chinese regulatory approvals, opting to terminate the agreement rather than pursue a deadline extension for the cross-border transaction.
Fiverr International shares tumbled 16% in premarket trading Wednesday, hitting near 52-week lows after the company slashed its annual revenue guidance. The freelance marketplace cited an accelerating shift in the labor landscape, where the rapid adoption of artificial intelligence is fundamentally altering the demand for traditional digital services.
German medical packaging giant Gerresheimer is offloading two of its core business units to funds managed by Apax Partners in a transaction valued at 1.5 billion euros, or roughly $1.7 billion. The move signals a major portfolio shift for the company, stripping away its prescription vial and plastics production arms.
With a 23% hike in its quarterly dividend and an additional special payout, Community Trust Bancorp is signaling robust capital returns for its investors. The Pikeville-based holding company, which has now increased its dividend for 46 consecutive years, is setting a new annual yield of approximately 3.33%.
Canada is scrapping its mandatory five percent revenue levy on foreign streaming giants, signaling a strategic retreat in digital policy as the government navigates high-stakes trade negotiations with the White House. The move follows intense criticism from U.S. officials and Hollywood, who viewed the contributions as an unfair trade barrier.
After nearly a decade overseeing the financial operations of the New York-based insurer, Tim Bixby will step down as chief financial officer. Lemonade confirmed Wednesday that Bixby is set to transition into a seat on the company’s board, handing over the reins to 33-year-old Nick Stead effective Jan. 1, 2027.
Shares of Verra Mobility climbed nearly 30% to $5.42 following the announcement of a seven-year tolling and violation services contract with Avis Budget Group. The deal marks a strategic re-engagement between the two companies, though Verra cautioned that the new arrangement will be less lucrative than their previous partnership.
A 13% premarket jump greeted Avantor investors Wednesday morning, as the life-science tools provider topped quarterly earnings estimates and tightened its full-year revenue projections. The stock reached $14.03, extending an 8.4% rally recorded since the beginning of the year.
Driven by a robust performance across its Western Canadian oil sands, Cenovus Energy reported a sharp jump in second-quarter net earnings to C$2.87 billion. The surge in profitability, which nearly tripled from the previous year, follows a consistent climb in production that has the company nearing a million-barrel-per-day milestone.
Driven by robust performance across its utility division, Entergy posted a net income of $483 million for the second quarter, marking a modest increase over the $468 million recorded during the same period last year.
Facing a sharp sales decline in China and mounting global economic pressure, BMW is preparing to trim its German workforce by 8,000 positions. The automaker plans to implement a voluntary severance program targeting administrative staff, a move intended to streamline operations and stabilize margins amid intense competition.
With government demand driving a surge in new orders, Montreal-based CGI reported a significant uptick in third-quarter earnings. The IT consulting firm posted a net income of 465.2 million Canadian dollars, comfortably outpacing analyst expectations as its contracted backlog swelled to nearly 32 billion dollars.
An 8% premarket slide hit Lennox shares Wednesday as the HVAC manufacturer lowered its annual earnings guidance. Stagnant housing demand and elevated building costs have stalled residential sales, forcing the company to pivot its profit outlook despite a robust performance in its commercial division.
Titan Mining has signed a non-binding letter of intent to supply natural graphite from its planned New York facility to a major U.S. aerospace and defense manufacturer, marking a significant step in the company’s effort to establish a domestic supply chain for critical minerals.
For the 13th consecutive year, Capital Power has increased its shareholder payout, signaling confidence despite a second-quarter net loss of 43 million Canadian dollars. The Alberta-based utility leveraged its recent expansion into U.S. markets to narrow its losses significantly compared to the 131 million Canadian dollar deficit reported last year.
Procter & Gamble has elevated President and Chief Executive Shailesh Jejurikar to the role of chairman, a transition set to take effect on August 1. This appointment marks the final step in a leadership succession plan as the Cincinnati-based consumer goods titan prepares for the departure of its long-serving executive chairman.
Shares of Johnson Controls climbed 5.9% to $148.49 in premarket trading after the industrial conglomerate reported quarterly earnings that surpassed analyst expectations. Sustained order momentum and margin expansion drove the company to lift its full-year organic sales growth forecast to 8% and project higher annual earnings per share.
Canadian Utilities reported a second-quarter profit of 128 million Canadian dollars, marking an increase from 111 million a year ago. The utility provider, majority-owned by ATCO, attributed the gains to higher flow-through revenue in gas and electricity distribution alongside consistent growth in its underlying rate base.
A 5% surge in freight-adjusted selling prices for sand, gravel, and crushed stone pushed Vulcan Materials to a stronger-than-expected second quarter. The construction materials giant reported $2.16 billion in revenue, outperforming analyst estimates as the industry showed surprising resilience in absorbing higher material costs for ongoing infrastructure projects.
Teva Pharmaceutical Industries has raised its annual sales guidance after its brand-name portfolio demonstrated significant momentum in the second quarter. The company is actively pivoting toward higher-margin proprietary products as it navigates a challenging environment for its traditional generic drug business across the United States.
The Colombia-focused exploration firm is moving its U.S. trading venue from the New York Stock Exchange to the Nasdaq Global Select Market. This transition follows the company’s recent relocation of its executive headquarters to Miami, marking a strategic effort to broaden its profile among North American institutional and retail investors.
Driven by a surge in innovation and commercial expansion, Fortive has boosted its full-year earnings forecast. The industrial technology company surpassed Wall Street expectations for the second quarter, reporting $1.1 billion in sales as strategic growth investments begin to yield tangible financial results across its core business segments.
Fannie Mae posted a second-quarter profit of $3.98 billion on Wednesday, marking a significant climb from the $3.32 billion reported during the same period last year. The government-backed mortgage giant saw its total revenue hit $7.57 billion, comfortably outpacing the $7.25 billion forecast by analysts surveyed by FactSet.
VF Corporation shares slid nearly 7% in premarket trading after the apparel giant reported a 5% revenue drop to $1.67 billion, dragged down by ongoing weakness in its Vans brand, alongside the surprise announcement that CFO Paul Vogel will step down after just two years in the role.
Investors in industrial technology manufacturer Littelfuse will see a 6.7% bump in their quarterly dividend, with the company raising its payout to 80 cents per share from the previous 75 cents. This adjustment reflects the firm's ongoing capital allocation strategy following Tuesday’s market close.
A 55% jump in quarterly revenue to $8.76 billion has sent Amphenol shares climbing 6% in premarket trading. The electronic components manufacturer significantly outperformed Wall Street expectations, bolstered by a surge in demand across its IT datacom segment that shows no signs of slowing down heading into the next quarter.
Surging consumer demand for wearable fitness devices propelled Garmin to a record-breaking second quarter, prompting the Swiss technology firm to lift its full-year revenue and profit targets. The company beat analyst expectations across the board, signaling a robust appetite for its latest GPS and health-tracking hardware.
Investors are bracing for a pivotal Thursday as Lloyds Banking Group prepares to unveil its second-quarter results alongside a long-awaited strategic roadmap. With shares climbing 15% this year, market participants are weighing potential buyback announcements against persistent regulatory clouds surrounding the bank's historical motor finance commission practices.
