Dick's Sporting Goods confirmed that it will buy Foot Locker for about $2.4 billion. The proposed deal price of $24 a share, or 0.1168 shares of Dicks, is an 86.5% premium to Foot Locker stock's Wednesday's close of 12.
Alibaba Group stock fell early Thursday, after the China e-commerce and cloud-computing giant reported March quarter earnings and sales that missed Wall Street forecasts. Alibaba reported adjusted earnings of 12.52 yuan per American depositary share on sales of 236.45 billion yuan, or $32.8 billion, for the March-ended quarter. Adjusted earnings for Alibaba's fiscal fourth quarter increased 23% in local currency on a per-share basis.
CLEVELAND (AP) — Abeona Therapeutics Inc. ABEO) on Thursday reported a loss of $12 million in its first quarter. The Cleveland-based company said it had a loss of 24 cents per share.
WAYNE, Pa. AP) — Palvella Therapeutics, Inc. PVLA) on Thursday reported a loss of $8.2 million in its first quarter.
Construction and construction materials company Granite Construction (NYSE:GVA) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 4.1% year on year to $699.5 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $4.3 billion at the midpoint. Its non-GAAP profit of $0.01 per share was significantly above analysts’ consensus estimates.
BOOT posts solid Q4 results with year-over-year earnings growth, supported by broad strength and strategic execution, positioning it for continued momentum.
Healthcare distributor and services company Cardinal Health (NYSE:CAH) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $54.88 billion. Its non-GAAP profit of $2.35 per share was 9.4% above analysts’ consensus estimates.
The world’s largest seller of farm equipment broadened its fiscal 2025 net income outlook to a range of $4.75 billion to $5.5 billion from previous range of $5 billion to $5.5 billion.
Galiano Gold witnesses a 142% rise in revenues attributed to a 33% year-over-year increase in gold prices and an 81% rise in sales volume.
Tanking company Scorpio Tankers (NYSE:STNG) announced better-than-expected revenue in Q1 CY2025, but sales fell by 47.6% year on year to $204.2 million. Its non-GAAP profit of $1.03 per share was 38.1% above analysts’ consensus estimates.