Axon Enterprise shares fell after the public safety technology company lowered its annual revenue forecast, citing three Federal Dedrone deployments worth about $130 million that are no longer expected this year. Axon also announced an additional $1.2 billion investment in drone maker Skydio.
A Laureate Education subsidiary in Peru has acquired the capital stock of Universidad de Ciencias y Artes de América Latina, a Lima-based university, for about $35 million, the company said. The transaction includes real estate valued at roughly $25 million and will add campus capacity in the city.
Tandem Diabetes shares climbed 8% to $19.50 in after-hours trading after the company reported higher third-quarter sales and appointed Jeannette Bankes as chief executive. The stock had closed down 6%.
A 12% plunge in U.S. semiconductor shares helped drive the Nasdaq Composite down 5.52% Thursday, its steepest decline in more than a year. Investors weighed weaker-than-hoped chip-company outlooks against concerns that election results could slow data-center construction.
Dropbox’s paying-user base grew to 18.2 million in the third quarter, from 18.07 million a year earlier, while revenue edged up 0.5% to $637.3 million. The revenue figure topped analysts’ $629.6 million estimate, according to FactSet.
Affirm lifted its full-year gross merchandise volume outlook to more than $65.25 billion, from a previous forecast of more than $64 billion, as customers increasingly used its debit card to pay in installments. The change followed a 34% rise in first-quarter GMV to $14.4 billion.
Cloudflare raised its full-year revenue and adjusted earnings forecasts on Thursday after third-quarter revenue rose 39% to $782.5 million, topping analysts’ expectations. Its shares climbed 18% to $288.00 in after-hours trading, after closing down 8.3% at $244.51.
Yelp now expects full-year net revenue of $1.455 billion to $1.46 billion, below its previous forecast of $1.46 billion to $1.47 billion and Wall Street analysts’ $1.47 billion estimate, as advertising remains pressured.
Mettler-Toledo International’s third-quarter net income rose to $246 million, while sales in its Asia and rest of the world segment jumped 16%, lifting revenue above analysts’ expectations and prompting the company to raise its 2026 earnings forecast.
Kratos Defense & Security Solutions reported a $200,000 loss in the third quarter even as revenue rose 36% to $471.8 million. Adjusted earnings exceeded analysts’ expectations, and the company raised the lower end of its full-year revenue forecast.
A steep selloff in chipmakers and fresh concern over limits on data-center construction sent U.S. stocks sharply lower. The Nasdaq Composite fell 5.52%, its biggest one-day drop in more than a year, and entered correction territory as investors reassessed the prospects for profits from artificial intelligence.
Live Nation earned $447.8 million in the third quarter, up from $431.5 million a year earlier, as concert revenue climbed and international markets led growth in attendance and ticket sales. Earnings and revenue both topped analysts’ expectations, according to FactSet.
Brent crude rose 3.9% to settle at $98.29 a barrel on Thursday, recovering part of Wednesday’s more than 8% drop as traders assessed the prospects for a U.S.-Iran settlement and the return of Middle Eastern oil supplies.
Korro Bio shares fell 11% to $14.88 at midday Thursday after the company disclosed that Novo Nordisk had elected to terminate their research collaboration and license agreement. The stock is still up about 86% year to date.
Wonder Group has confidentially filed for an initial public offering, beginning the process for a potential stock market debut as the New York-based food hall company expands its restaurant footprint and automates operations. The company has not set the size or price range of the proposed offering.
Guitar Group, a Hong Kong-based provider of guitar services, has filed for an initial public offering, but has not disclosed how many shares it plans to sell or at what price.
Shift4 shares fell 12% to $39.28 in Thursday afternoon trading after the payments technology company lowered its full-year outlook, citing travel disruptions, foreign-exchange rates, inflation and weaker same-store sales. The stock is down 38% this year.
Advanced Drainage Systems shares dropped 13% to $125.15 midday Thursday after the pipe and stormwater-management products maker lowered its full-year sales forecast, citing softer demand amid higher interest rates and geopolitical uncertainty.
A 10-year U.S. Army contract awarded to Pegasystems has a ceiling of $419 million and is intended to support modernization of the service’s mission and business operations. The agreement gives authorized Army and Defense Department organizations access to the company’s software and services.
First Capital, parent company of First Harrison Bank, has agreed to acquire First Bancorp of Indiana in an all-stock transaction valued at $33.2 million. The deal would bring First Federal Savings Bank, First Bancorp’s banking subsidiary, into First Harrison Bank.
A blank-check company backed by Kartoon Studios Inc. has filed to raise $300 million in an initial public offering, with plans to list on the New York Stock Exchange. Its shares are expected to trade under the symbol KACQ after securities in the offering’s units begin trading separately.
Portillo’s plans to shut a mid- to high-single-digit number of restaurants outside the Chicago metropolitan area, targeting locations it considers underperforming as it seeks to improve profitability. The company’s board approved the closures, most of which are expected in the fourth quarter.
Oil futures rose Thursday after crude benchmarks lost more than 8% in the previous session, with traders weighing prospects for renewed U.S.-Iran diplomacy against recovering Middle Eastern supply. At 11:35 a.m. ET, January Brent was up $2.77 at $97.39 a barrel, while January WTI gained $2.27 to $89.37.
Prestige Consumer Healthcare shares fell 16% to $44.94 by midday Thursday after the company lowered its full-year forecast, citing production variability for Clear Eyes eye drops. The stock had earlier been on pace for its steepest one-day decline since 2010 and is down 27% this year.
Vistance Networks shares fell 16% to $5.41 on Thursday after the connectivity and cable-solutions provider reported lower third-quarter sales and said Chief Executive Chuck Treadway will leave his roles next year.
MasTec is suspending late-stage negotiations for a large acquisition, saying it will prioritize share repurchases instead. The infrastructure engineering and construction company said Thursday that its existing authorization covers $250 million in buybacks, with the full amount still available.
Harbinger has raised $240 million in a Series D round co-led by Tiger Global, Capricorn’s Technology Impact Fund and Ridgeline, as the electric-vehicle company seeks to grow its manufacturing platform.
Vericel shares climbed 12% to $50.84 in midday trading after the company reported stronger third-quarter results and lifted its 2026 revenue forecast. The stock touched $55.60 earlier in the session, a 52-week high.
Xeris Biopharma shares rose 21% to $12.68 in Thursday trading after the company raised its revenue forecasts and reported third-quarter earnings and sales above analysts’ expectations. The stock has gained 62% this year.
Long-dated U.S., German and U.K. government bond yields fell to multiweek lows on Thursday after Democrats made gains in U.S. midterm elections, raising expectations of political gridlock and curbing oil prices amid hopes for progress toward ending the Iran war.
