News
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Beyond Meat withdraws annual forecasts as US faux meat demand slides
May 7 (Reuters) - Beyond Meat BYND.O on Wednesday withdrew its annual sales target as macroeconomic volatility and high inflation in the United States added further pressure on faux-meat makers already struggling with weak consumer demand.It had earlier forecast annual net revenue of $320 million to...Reuters
Wed, May 7
Vaxcyte Inc reports results for the quarter ended March 31 - Earnings Summary
Vaxcyte Inc PCVX.OQ reported a quarterly adjusted loss of $1.04 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -85 cents. The mean expectation of six analysts for the quarter was for a loss of $1.05 per share. Wall Street expected...Reuters
Wed, May 7
Design Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Design Therapeutics Inc DSGN.OQ reported a quarterly adjusted loss of 31 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of three analysts for the quarter was for a loss of 28 cents per share. ...Reuters
Wed, May 7
Beyond Meat down after withdrawing annual sales forecast
** Beyond Meat's BYND.O shares fall 5.1% to $2.41 in extended trading** BYND withdraws annual sales target, forecasts Q2 net revenue below estimates** "As the first quarter of 2025 progressed to a close, we saw a slowdown in consumption as the uncertain macroeconomic environment likely exace...Reuters
Wed, May 7
TASER maker Axon raises annual revenue forecast, shares jump
May 7 (Reuters) - TASER maker Axon Enterprise AXON.O raised its full-year revenue forecast on Wednesday, banking on sustained demand for its software products and security devices, sending its shares up more than 7% after the bell.The Arizona-based company makes law enforcement technology such as bo...Reuters
Wed, May 7
CANADA STOCKS-TSX rises to five-week high as tech, financial shares climb
TSX ends up 0.8% at 25,161.18Posts highest closing level since April 2Financials rise 0.7%, tech adds 1.5%Barrick Mining rises after profit beatBy Fergal Smith May 7 (Reuters) - Canada's main stock index rose to a five-week high on Wednesday, led by gains for financial and technology shares, ...Reuters
Wed, May 7
Exagen falls after stock sale launch
** Shares of diagnostic test maker Exagen XGN.O down 16.8% post-market to $5.68 on equity offering news** Vista, California-based co commences stock offering with Canaccord Genuity as sole bookrunner; deal size not disclosed** It intends to use net proceeds for working capital, general purposes, an...Reuters
Wed, May 7
aTyr Pharma Inc reports results for the quarter ended March 31 - Earnings Summary
aTyr Pharma Inc ATYR.OQ reported a quarterly adjusted loss of 17 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of nine analysts for the quarter was for a loss of 19 cents per share. Wall Str...Reuters
Wed, May 7
Why Geron Stock Crept Higher Today
Shares of commercial-stage biotech Geron (NASDAQ: GERN) couldn't quite surmount the hump of Hump Day. After the company released its latest set of quarterly figures, its stock price wobbled as investors determined how best to digest the results. Finally, the stock closed on a downbeat note, booking ...The Motley Fool
Wed, May 7
Vanda Pharmaceuticals Inc reports results for the quarter ended March 31 - Earnings Summary
Vanda Pharmaceuticals Inc VNDA.OQ reported a quarterly adjusted loss of 50 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of three analysts for the quarter was for a loss of 60 cents per share....Reuters
Wed, May 7
ARM down after forecasting quarterly revenue below estimates
** U.S. listed shares of Arm Holdings ARM.O down 8.3% to $114 after the bell** ARM forecasts Q1 sales and profit below Wall Street estimates** Sees Q1 revenue of $1 billion to $1.10 billion, with a midpoint below analysts' average estimate of $1.10 billion, according to data compiled by LSEG** E...Reuters
Wed, May 7
LIVE MARKETS-US stocks end green on trade optimism, Fed offers no surprises
Major indexes end higher, Dow leads with 0.7% gainFOMC leaves rates unchangedCites risk of higher inflation and unemploymentCons disc leads S&P 500 sector gainers; Comm Svcs weakest groupDollar gains; bitcoin up ~1.8%; gold off ~1.7%; crude off ~2%US 10-Year Treasury yield dips to ~4.28%Welcome ...Reuters
Wed, May 7
EMERGING MARKETS-Latam FX mixed as Fed keeps rates steady; Brazil's central bank rate decision awaited
Latam FX down 0.2, stocks flatUS Fed leaves rates unchangedBrazil's interest rate decision due at 1730 ETUS, China to hold ice-breaker trade talks in Geneva on SatBy Pranav Kashyap and Nikhil Sharma May 7 (Reuters) - Latin American currencies were mixed on Wednesday after the U.S. Federal Res...Reuters
Wed, May 7
Hawaiian Electric Industries Inc expected to post earnings of 23 cents a share - Earnings Preview
Hawaiian Electric Industries Inc HE.N, HE is expected to report resultson May 9 for the period ending March 31 2025LSEG's mean analyst estimate for Hawaiian Electric Industries Inc is for earnings of 23 cents per share. The current average analyst rating on the shares is "hold" and the ...Reuters
Wed, May 7
Contextlogic Inc expected to post a loss of 8 cents a share - Earnings Preview
Contextlogic Inc LOGC.OQ LOGC.O is expected to report results on May 9 for the period ending March 31 2025LSEG's mean analyst estimate for Contextlogic Inc is for a loss of 8 cents per share. The one available analyst rating on the shares is "hold". The mean earnings estimate of analys...Reuters
Wed, May 7
US STOCKS-Late rally lifts stocks after Fed holds rates steady
Fed keeps rates unchanged, as expectedDisney lifts DowGoogle, Apple weigh on NasdaqBy Chuck Mikolajczak NEW YORK, May 7 (Reuters) - U.S. stocks advanced on Wednesday in choppy trading after the Federal Reserve kept U.S. interest rates unchanged in a move that was widely expected by market par...Reuters
Wed, May 7
COLUMN-The not-so-mysterious case of disappearing boardroom diversity stats: Ross Kerber
By Ross Kerber May 7 (Reuters) - With U.S. President Donald Trump railing against corporate diversity, equity and inclusion (DEI) efforts and axing government ones, it may come as no surprise that U.S. companies are reporting fewer race and gender details about their directors.But the extent of t...Reuters
Wed, May 7
GLOBAL MARKETS-World stocks lose ground in choppy trade after Fed keeps rates unchanged
U.S., China to discuss trade in Switzerland at weekendDollar down a fourth day, European stocks fallU.S. stock indexes are mixed with Nasdaq fallingBy Sinéad Carew and Yoruk Bahceli NEW YORK/LONDON, May 7 (Reuters) - World stocks lost ground while U.S. Treasury yields had mixed reactions and the ...Reuters
Wed, May 7
US STOCKS-Dow up, other indexes down in choppy trade as Fed keeps rates steady
Fed's keeps rates unchanged, as expectedDisney lifts DowGoogle, Apple weigh on NasdaqIndexes: Dow up 0.33%, S&P 500 down 0.20%, Nasdaq down 0.68%By Chuck Mikolajczak NEW YORK, May 7 (Reuters) - The Dow was higher on Wednesday while the S&P 500 and Nasdaq declined in choppy trading...Reuters
Wed, May 7
