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Toast reported a significant jump in fourth-quarter profit on Thursday, bolstered by a surge in payment volumes and an expanding footprint across the restaurant industry. The payment systems developer surpassed analyst expectations for both revenue and gross payment volume, signaling robust demand for its integrated fintech solutions.
Mohawk Industries reported a sharp decline in fourth-quarter net income as rising operational costs and a sluggish North American market offset modest revenue growth. Despite the profit dip to $42 million, the Calhoun, Georgia-based flooring giant managed to beat Wall Street’s expectations for both adjusted earnings and top-line sales.
Converse, the Nike-owned sneaker icon, has initiated a round of layoffs as part of a broader restructuring effort aimed at reversing a sharp decline in sales. The move follows a fiscal quarter where the brand saw its revenue plummet by nearly a third, highlighting the company’s struggle to diversify its product lineup beyond its flagship Chuck Taylor silhouette.
The U.S. Food and Drug Administration has authorized Emergent BioSolutions to sell its Narcan nasal spray in expanded multipack configurations, a move designed to facilitate high-volume distribution as the opioid crisis persists. The approval, announced Friday, allows for over-the-counter sales of the overdose-reversal drug in packs of 6 and 24 to better serve community programs and emergency responders.
PTC Therapeutics has withdrawn its U.S. regulatory application for Translarna after the Food and Drug Administration signaled the treatment likely lacks the clinical evidence required for approval. The move abruptly halts the company’s efforts to bring the therapy to patients with nonsense mutation Duchenne muscular dystrophy in the American market.
Tennant Co. has finalized a cooperation agreement with Miami-based investment firm Vision One Management Partners, resulting in immediate board appointments and a commitment to major structural governance reforms.
Shares of Applied Materials and Arista Networks rallied in late trading Thursday as surging artificial intelligence demand buoyed the semiconductor and networking sectors, contrasting sharply with double-digit losses for DraftKings and Pinterest.
Takasago Thermal Engineering Co. Ltd. reported a sharp rise in profitability for the nine months ending December 31, with net income nearly doubling to ¥31.26 billion. The Japanese engineering specialist saw revenue climb to ¥306.03 billion, up from ¥265.19 billion in the prior-year period, driven by robust industrial demand.
Los Angeles-based entertainment company Cineverse announced Thursday it will acquire IndiCue, a connected television (CTV) monetization platform, for $22 million. The transaction, structured as a mix of cash and stock, is scheduled to close this Friday.
Public Storage reported fourth-quarter revenue of $1.22 billion, surpassing analyst expectations as the self-storage industry shows signs of stabilization. Alongside the financial results, the real estate investment trust announced that H. Thomas Boyle will take over as chief executive following the retirement of Joseph Russell in March.
Public Storage has appointed H. Thomas Boyle as its next chief executive officer, succeeding Joseph Russell Jr. as part of a comprehensive executive reorganization at the self-storage giant. Boyle, currently the company’s chief financial and investment officer, will assume the top role and a seat on the board following Russell’s retirement at the end of January.
Vertex Pharmaceuticals reported a 10% rise in fourth-quarter revenue to $3.19 billion, narrowly exceeding Wall Street expectations as its dominant cystic fibrosis franchise continues to scale. While the biotech leader missed adjusted earnings targets, a robust U.S. market and expansion into gene therapy provided a clear path for its multi-billion dollar 2026 outlook.
Norwegian Cruise Line Holdings has named veteran restaurant executive John Chidsey as its next chief executive officer, effective Thursday. Chidsey succeeds Harry Sommer, who is stepping down from his roles as president, CEO, and board member as part of a strategic leadership transition.
Constellation Brands announced Thursday that Nicholas Fink, currently the CEO of Fortune Brands Innovations, will succeed Bill Newlands as chief executive on April 13. The leadership transition comes as the producer of Modelo and Corona grapples with shifting consumer demand and broader volatility across the global alcohol industry.
Cochlear Ltd. reported a 21% drop in first-half profit to A$161.5 million after protracted price negotiations delayed the launch of its newest hearing system, forcing the medical device giant to lower its full-year earnings expectations.
Ingersoll Rand surpassed Wall Street expectations for the fourth quarter, reporting a significant rise in both profit and revenue fueled by strong performance across its industrial and life sciences divisions. The company posted adjusted earnings of 96 cents per share, outperforming the 90-cent consensus forecast provided by analysts.
Utz Brands shares cratered to a 52-week low on Thursday after the snack maker reported a fourth-quarter loss and issued a 2026 earnings outlook that fell far short of Wall Street estimates.
Shares of Geo Group plummeted on Thursday after the private prison operator issued a weak financial outlook for 2024 and announced the retirement of Chief Executive J. David Donahue. Despite beating fourth-quarter estimates, the company's conservative guidance and leadership transition sent the stock tumbling to a 52-week low.
Shares in European cement giants plummeted on Thursday after German Chancellor Friedrich Merz signaled a potential retreat from the European Union’s plan to phase out free carbon permits. The prospect of extended subsidies sparked fears of prolonged industrial oversupply, sending Heidelberg Materials and Holcim to their lowest levels since November.
L'Oreal CEO Nicolas Hieronimus signaled a period of accelerated growth for the French beauty titan on Thursday, reporting annual sales of 44.05 billion euros ($52.29 billion) while vowing to outpace a recovering global market. Despite headwinds from currency fluctuations and trade tariffs, the company reported an expanded operating margin of 20.2%, underpinned by an aggressive M&A strategy that includes the multi-billion-euro acquisition of Kering’s beauty portfolio.
Moderna is set to report a significant year-over-year revenue decline this Friday as the pharmaceutical giant navigates a shrinking Covid-19 market and a shifting regulatory landscape in Washington. Analysts polled by FactSet anticipate a quarterly loss of $1.02 billion, reflecting the company's ongoing struggle to pivot from pandemic-era highs toward a sustainable long-term pipeline.
Redwood Trust shares jumped 21% on Tuesday after the real estate investment trust reported a swing to profitability in the fourth quarter, significantly outpacing analyst expectations behind a surge in mortgage banking production.
Bombardier CEO Eric Martel expects a swift resolution to President Trump’s threat to ground Canadian aircraft in the U.S., a move triggered by Canada’s delay in certifying Gulfstream business jets. Speaking during a fourth-quarter earnings call, Martel indicated that the escalating trade friction between Ottawa and Washington is nearing a conclusion, potentially averting a 50% tariff on Canadian aerospace imports.
Belden Inc. shares climbed 8% following a fourth-quarter performance that outpaced Wall Street expectations on both the top and bottom lines. The networking and connectivity specialist reported revenue of $720.1 million, driven largely by robust growth within its industrial automation division.
Vontier shares climbed to a 52-week high on Thursday after the industrial technology firm reported fourth-quarter revenue that significantly exceeded Wall Street expectations. Despite a cautious near-term outlook for the first quarter, the company’s optimistic full-year guidance signaled robust growth ahead, driving a double-digit rally in its stock price.
Fastly Inc. shares posted their largest percentage gain on record Thursday after the edge cloud provider reported fourth-quarter revenue that exceeded analyst forecasts, fueled by the infrastructure demands of artificial intelligence.
Alphabet-owned Waymo is rolling out its sixth-generation autonomous driving system, a streamlined hardware suite designed to slash production costs and expand robotaxi operations into cities with extreme winter weather.
Motorola Solutions shares surged more than 10% Thursday after the communications equipment provider posted fourth-quarter results and a 2026 forecast that comfortably cleared Wall Street expectations. The rally follows a period of record revenue across the company's core business segments, marking its strongest single-day performance in nearly four years.
IPG Photonics shares surged 28% on Thursday after the laser-technology firm reported fourth-quarter earnings and revenue that significantly outpaced Wall Street expectations. Driven by stabilizing industrial demand in the U.S. and Asia, the company posted a sharp rise in profit alongside a new $100 million share repurchase program.
Shares of Innovative Solutions & Support (IS&S) surged to a new 52-week high on Thursday after the aerospace manufacturer reported first-quarter results that significantly outpaced Wall Street estimates. The company saw a triple-digit increase in net income, driven by robust demand for commercial aftermarket products and an expansion in services revenue.