Adjusted operating profit improved despite a slight revenue decline, with strong retail written sales and e-commerce growth. Gross margin rose 90 bps, and cost-saving initiatives are expected to further improve margins and SG&A in the second half.Based on Bassett Furniture Industries, Incorporated…
DEARBORN (dpa-AFX) - Ford (F) reported that its total second-quarter sales declined 10.3% to 549,200 vehicles, reflecting the model phase-outs and a 69% drop in daily rental sales. Excluding model transitions and assuming flat rental volumes, second-quarter sales would have risen an estimated 0.5…
Victoria’s Secret & Co. VSXY is rebuilding momentum through a cleaner operating model and stronger brand execution. The company’s latest results show growth across Victoria’s Secret, PINK and Beauty, with total comparable sales up 13% in the first quarter of fiscal 2026.The recovery is not limited…
RNS Number : 8526K Wells Fargo & Company 02 July 2026 FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")1. KEY INFORMATION2. POSITIONS OF THE PERSON MAKI…
nVent Electric NVT is expanding its manufacturing capacity to keep up with growing demand from AI data centers and power utilities. NVT's organic sales grew 34% year over year, while organic orders increased approximately 40% year over year in the first quarter of 2026. Management said data centers…
Seagate Technology Holdings plc’s STX data center business continued to post strong performance during the third quarter of fiscal 2026, supported by sustained demand from cloud and enterprise customers. In the third quarter, the data center segment accounted for 80% of total revenue and 88% of exa…
Uber Technologies NYSE:UBER has removed two senior tech leaders from its emerging AI data-labeling business, adding another leadership shakeup to a unit the company has been building as a possible growth driver. Naga Kasu, senior director of engineering, and Pankaj Kamat, director of product at Ube…
Shares of Onto Innovation, Inc. ONTO have surged 25.5% over the past month compared with the Zacks Nanotechnology industry’s growth of 24.7%. The company has outpaced the Zacks Computer and Technology sector and the S&P 500 composite’s plunge of 4.3% and 0.9%, respectively. The rally reflects growi…
Revvity, Inc. RVTY recently announced that its Signals Software business has been added to Anthropic’s directory for Model Context Protocol (MCP) connectors, extending the capabilities of Signals AI beyond the Signals One platform. Through the integration, scientists can access Signals AI and conne…
Flyte, a subsidiary of Catheter Precision, Inc. (NYSE: VTAK) today announced continued operational growth following the launch of its enhanced digital booking platform, www.flyflyte.com.During the first six months of 2026, Flyte acquired more than 1,000 new platform users, facilitated 118 flights a…
(13:56 GMT) Aviat Networks Price Target Raised to $30.00/Share From $25.00 by Northland Capital Markets
Salesforce, Inc. CRM is strengthening its artificial intelligence (AI) strategy by expanding Data 360, its unified data platform that helps businesses connect customer information across applications. As enterprises invest more in AI, high-quality and connected data has become essential, making Dat…
(13:55 GMT) Acadian Asset Management Price Target Raised to $72.00/Share From $66.00 by RBC Capital
(13:55 GMT) Watts Water Price Target Raised to $320.00/Share From $275.00 by TD Cowen
Shares of Cemtrex (CETX) surged on Thursday after the company’s unit acquired an Indiana-based engineering firm that will help it tap automotive and defense customers.At the time of writing, CETX stock was up 33%.Contours Of The DealThe company’s unit, Advanced Industrial Services (AIS), has acquir…
RNS Number : 8522K Pinnacle Investment Management Grp 02 July 2026 FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")1. KEY INFORMATION2. POSITIONS OF TH…
(13:54 GMT) Corteva Price Target Raised to $96.00/Share From $94.00 by Mizuho
Upstart Holdings UPST is entering a new phase in which loan growth, funding access and automation matter as much as headline revenues. The company still depends heavily on personal lending, but its platform is widening.For investors, the question is whether larger lending categories can improve eco…
TAP Real Estate Technologies entered into an Amended and Restated License Agreement with TAP to obtain a perpetual, largely exclusive license to use TAP’s token engine, blockchain registry, wallet and related technology in the real estate sector. The agreement replaces a prior license and is royalt…
By Jessica ToonkelComcast co-Chief Executive Brian Roberts spent his 67th birthday finalizing a plan to split the cable and entertainment company his family built in two."Ralph would be excited," one of his children texted him Sunday, referring to Ralph Roberts, the patriarch who co-founded and ran…
