Deswell Industries has named Karen Chan Chi Yin as its new Chief Financial Officer, effective Monday, as the manufacturer transitions its executive leadership following the departure of Herman Wong.
Demant shares plunged more than 13% on Tuesday after the Danish hearing-aid manufacturer issued a conservative 2026 forecast and announced plans to eliminate 700 positions. The company’s financial outlook fell short of analyst expectations, reflecting broader macroeconomic volatility and a projected slowdown in the global hearing healthcare market.
MarineMax, the global yacht retailer and marina operator, has received an unsolicited $1.1 billion buyout proposal from investment firm Donerail Group. The all-cash offer of $35 per share seeks to take the company private, representing a significant premium over recent trading averages.
Skeena Resources shares surged Tuesday after the company received the final regulatory approval required to restart production at its Eskay Creek gold and silver project in British Columbia. The granting of the Environmental Management Act permit concludes the permitting phase, clearing the path for the site to transition into commercial development with a projected restart date in the second quarter of 2027.
Toronto-based property services leader FirstService has announced an 11% increase to its quarterly cash dividend, raising the payout from 27.5 cents to 30.5 cents per share. The hike reflects the firm's ongoing strategy to return capital to investors amid steady performance in the North American real estate market.
Relay Therapeutics shares climbed 9% after the U.S. Food and Drug Administration granted Breakthrough Therapy Designation to its experimental drug zovegalisib for the treatment of advanced breast cancer. The designation applies to the drug when used in combination with fulvestrant for patients with locally advanced or metastatic cases.
Hubbell reported a double-digit surge in fourth-quarter profit and sales, bolstered by a wave of investment in artificial intelligence data centers and aging power grids. The Shelton, Connecticut-based manufacturer beat analyst expectations and issued a robust outlook for 2026, signaling that the ongoing U.S. electricity demand boom is translating into sustained revenue growth.
Industrial supply giant W.W. Grainger reported a decline in fourth-quarter profit, missing Wall Street expectations as the company navigated what management described as a "challenging macro environment." Despite the earnings slip, the distributor saw a steady rise in sales, bolstered by strong performance in its digital-heavy business segments.
DaVita shares jumped in early trading Tuesday after the kidney care provider reported fourth-quarter earnings and revenue that cleared analyst hurdles. The company’s optimistic full-year guidance suggests a turning point for the stock, which had struggled under broader market pressure throughout the past year.
TotalEnergies and the Kuwait Oil Company (KOC) signed a Memorandum of Understanding at the 5th Kuwait Oil & Gas Show and Conference, establishing a formal framework for technical cooperation and joint exploration studies. The agreement signals a deepening of the French energy major's commitment to the Gulf state as Kuwait seeks to optimize its domestic resource development.
Adlai Nortye shares surged 12% in premarket trading Tuesday after the biopharmaceutical firm announced a $140 million equity financing deal. The capital injection, structured as a private placement, underscores significant internal backing as the company scales its operations.
Palladyne AI shares jumped 13% in premarket trading Tuesday after the robotics software developer secured a nearly $1 million order from a major defense contractor for a U.S. missile propulsion program. The Salt Lake City-based company expects to recognize the revenue in 2026, marking another significant win in its push toward high-value military contracts.
Capri Holdings, the parent company of Michael Kors and Jimmy Choo, returned to profitability in its fiscal third quarter as the strategic sale of its Versace label offset a decline in revenue. Despite a 4% dip in total sales to $1.03 billion, the luxury group's earnings beat analyst estimates, signaling a period of consolidation as it navigates a volatile high-end retail market.
Western Digital’s board has authorized an additional $4 billion for stock repurchases, the company announced Tuesday, signaling a major ramp-up in shareholder returns. The San Jose-based data storage provider currently has roughly $484 million remaining under its previous authorization, bringing its total capacity for buybacks to nearly $4.5 billion.
Illinois Tool Works (ITW) reported a rise in fourth-quarter profit and revenue on Tuesday, surpassing Wall Street expectations through disciplined margin management. The industrial manufacturer posted a net income of $790 million, supported by a 4.1% increase in total sales, signaling resilience despite a complex global operating environment.
Galaxy Digital Holdings saw its shares slide 6% in Tuesday premarket trading following a sharp fourth-quarter loss that missed analyst expectations. The digital-asset firm reported a deficit of $481.7 million, hit by a significant downturn in cryptocurrency valuations that eroded the worth of its core investment holdings.
BlackBerry and HaleyTek have expanded their partnership to integrate a centralized audio architecture into Volvo Car’s upcoming EX60 fully-electric SUV. The collaboration marks the first implementation of a fully software-defined audio system using the QNX Sound platform, moving away from traditional hardware-dependent setups.
AbbVie has submitted applications to U.S. and European regulators seeking to expand the use of its flagship autoimmune drug, Rinvoq, to treat vitiligo. If cleared, the therapy would become the first systemic treatment available for the chronic depigmenting disorder, potentially addressing a significant unmet need for millions of patients worldwide.
Medtronic announced Tuesday it has exercised an option to acquire medical technology firm CathWorks for up to $585 million, a move aimed at integrating AI-driven diagnostics into the treatment of coronary artery disease.
Shares in European publishing giants RELX and Wolters Kluwer plummeted on Tuesday as investors reacted to new legal-focused artificial intelligence features from Anthropic, stoking fears that Silicon Valley startups could erode the dominance of traditional professional data providers.
Italy successfully raised 14 billion euros ($16.51 billion) through the issuance of a new 15-year government bond maturing in October 2041. The sale, conducted via a bank syndicate on Tuesday, saw overwhelming investor demand with orderbooks exceeding 157 billion euros, according to lead manager banks.
CyanConnode Holdings shares climbed sharply on Tuesday after the company confirmed a preliminary £35 million ($47.8 million) takeover approach from UAE-based Esyasoft Holding. The non-binding proposal values the smart-metering specialist at a significant premium, prompting the board to launch a formal evaluation of the offer.
NGL Energy shares climbed 9% in premarket trading Tuesday after the company announced a collaboration with nuclear developer Natura Resources. The partnership will combine Natura’s small modular reactor (SMR) technology with NGL’s desalination expertise to recycle oilfield wastewater in the Permian Basin.
Nanox shares climbed in premarket trading Tuesday after the medical imaging firm received U.S. Food and Drug Administration (FDA) clearance for its TAP2D enhancement software. The update allows the company’s digital tomosynthesis systems to generate high-quality 2D images from existing 3D scans, streamlining diagnostic workflows without increasing patient radiation exposure.
Gartner Inc. shares tumbled more than 18% in premarket trading Tuesday after the research and advisory firm issued a 2026 financial outlook that fell significantly short of Wall Street expectations. Despite reporting fourth-quarter adjusted earnings that surpassed analyst estimates, the company's conservative long-term revenue and profit targets triggered a sharp sell-off.
FuboTV stock tumbled in premarket trading Tuesday after the sports-first streaming service reported a fiscal first-quarter loss, overshadowing a significant surge in top-line revenue. The decline extends a volatile year for the broadcaster, which has struggled to maintain investor confidence despite aggressive expansion in the competitive live-TV market.
Archer Daniels Midland (ADM) has authorized a 2% increase to its quarterly dividend, marking the 53rd consecutive year the Chicago-based agribusiness giant has raised its payout to shareholders.
Massimo Group shares cratered in premarket trading after the manufacturer announced a deal to acquire FST, a strategic move designed to integrate artificial intelligence into its vehicle lineup and launch the company into the health robotics sector.
PepsiCo announced a 4% increase to its annual dividend and a new $10 billion share repurchase program on Tuesday, marking the company’s 54th consecutive year of payout hikes and reinforcing its status as a premier Dividend King.
Ball Corp. swung to a fourth-quarter profit, buoyed by a 16% jump in sales and the successful transfer of rising raw material costs to consumers. The Westminster, Colorado-based manufacturer reported a sharp rebound in global demand for aluminum packaging, outperforming Wall Street expectations on both the top and bottom lines.
