News
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Robotics firm Symbotic beats Q1 revenue estimates
OverviewAI robotics firm's fiscal Q1 revenue rose 29% yr/yr, beating analyst expectationsAdjusted EBITDA for fiscal Q1 rose significantly to $67 mlnCompany's net income reached $13 mln, compared to a net loss last yearOutlookSymbotic expects Q2 fiscal 2026 revenue of $650 mln to $670 mlnComp...Reuters
Wed, Feb 4
Fiber optic products maker Clearfield's Q1 sales beat expectations
OverviewFiber connectivity firm's fiscal Q1 net sales rose 16%, beating analyst expectationsGross margin improved by 4 percentage points to 33.2%Company repurchased $5.2 mln in shares during the quarterOutlookClearfield reiterates fiscal 2026 net sales guidance of $160 mln to $170 mlnCompany ant...Reuters
Wed, Feb 4
FormFactor Q4 revenue beats estimates
OverviewSemiconductor test tech firm's Q4 revenue rose 13.6% yr/yr, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany had acquired Keystone Photonics to enhance optics testing capabilitiesOutlookFormFactor expects Q1'26 revenue of $225 mln +/- $5 mlnCompany ant...Reuters
Wed, Feb 4
Bank of the James Q4 net income rises
OverviewVirginia-based bank's Q4 net income rose, driven by higher net interest incomeCompany's total assets grew 6.1% yr/yr, surpassing $1 blnEfficiency ratio improved to 70.81% in Q4, reflecting cost managementOutlookBank of the James did not provide specific financial guidance for 2026Res...Reuters
Wed, Feb 4
US Justice Department removes lawyer who told judge in immigration case, 'This job sucks'
Attorney spoke about handling of immigration casesJudge ordered government to explain failure to follow court ordersMinnesota U.S. Attorney's Office has come under strain during Trump's immigration crackdownBy Nate Raymond and Andrew Goudsward Feb 4 (Reuters) - The U.S. Justice Department...Reuters
Wed, Feb 4
US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal
Scott says Powell is inept, but not a criminalTillis says he'll hold up Warsh nomination over DOJ probe into PowellPowell could stay on Fed Board post-chair termBy Ann SaphirFeb 4 (Reuters) - Republican Senator Tim Scott on Wednesday said he does not believe Federal Reserve Chair Jerome Powell ...Reuters
Wed, Feb 4
Lifevantage Announces Planned Retirement Of Steve Fife And CEO Succession Plan
Feb 4 (Reuters) - LifeVantage Corp LFVN.O:LIFEVANTAGE ANNOUNCES PLANNED RETIREMENT OF STEVE FIFE AND CEO SUCCESSION PLANLIFEVANTAGE CORP - CEO STEVE FIFE TO RETIRE IN APRIL 2026LIFEVANTAGE CORP - FIFE TO CONTINUE AS CEO DURING TRANSITION PERIODReuters
Wed, Feb 4
Matrix Service Company Announces CEO Transition
Feb 4 (Reuters) - Matrix Service Co MTRX.O:MATRIX SERVICE COMPANY ANNOUNCES CEO TRANSITIONMATRIX SERVICE CO - APPOINTS SHAWN PAYNE AS COOMATRIX SERVICE CO - SHAWN PAYNE TO BECOME CEO ON JUNE 30, 2026MATRIX SERVICE CO - JOHN HEWITT TO STEP DOWN AS CEO ON JUNE 30, 2026Reuters
Wed, Feb 4
Elf Beauty lifts annual forecasts as affordable products drive demand
Feb 4 (Reuters) - Elf Beauty ELF.N raised its annual sales and profit forecasts after beating Wall Street estimates for third-quarter results on Wednesday, as demand for its affordable cosmetics stayed strong despite rising economic and tariff uncertainty.The company enjoyed resilient sales in the U...Reuters
Wed, Feb 4
Arm Holdings forecasts quarterly revenue above estimates on AI chip demand
Feb 4 (Reuters) - Arm Holdings O9Ty.F, ARM.O forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by demand for its energy-efficient chip designs used in artificial intelligence applications from data centers to smartphones. Arm's chip designs are prized for the...Reuters
Wed, Feb 4
Wall Street broker Clear Street targets up to $11.8 billion valuation in US IPO
Clear Street seeks as much as $1.05 billion in US IPOWall Street firm started out as prime brokerage platformBlackRock set to buy up to $200 million of Clear Street shares in IPOFormer Cboe CEO Ed Tilly leads Clear StreetBy Arasu Kannagi Basil Feb 4 (Reuters) - Clear Street is targeting a valuat...Reuters
Wed, Feb 4
Qualcomm forecasts quarterly results below estimates as memory shortage dampens sales
Feb 4 (Reuters) - Chip supplier Qualcomm QCOM.O forecast second-quarter revenue and profit below Wall Street estimates on Wednesday, expecting a global memory supply shortage to hit mobile phone sales. The results from San Diego, California-based Qualcomm come at a time when global electronics suppl...Reuters
Wed, Feb 4
