premarket trading

Office Properties Income Trust (NASDAQ:OPI) shares are trading lower on Thursday premarket after the company announced that it is slashing its quarterly dividend to increase liquidity. The company’s board of trustees has reduced OPI’s regular quarterly cash distribution on its...

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher in the premarket session on Thursday. The company announced its partnership with the University of Colorado Anschutz Medical Campus to establish the Center for Linkage and Acquisition of Data, or CLAD. The development...

Transphorm Inc (NASDAQ:TGAN) shares are zooming by around 30% after it disclosed its acquisition by Renesas Electronics Corp (OTC:RNECF) for about $339 million. As per the deal, Renesas will acquire TGAN for $5.10 per share in cash, reflecting a premium of around 35% to its...

E2open Parent Holdings Inc (NYSE: ETWO) shares are rising by around 11% after the company reported Q3 FY24 results. Revenue declined 4.5% Y/Y to $157.5 million, beating the consensus of $154.3 million. GAAP subscription revenue fell 1.5% Y/Y to $132.8 million in the quarter. Adjusted...

TG Therapeutics Inc (NASDAQ: TGTX) reported preliminary BRIUMVI U.S. net product sales for Q4 and FY23. TGTX expects BRIUMVI U.S. net product revenue of around $40 million for Q4 and $89 million for FY23. The company projects a year-end 2023 cash position of about $215 million. Outlook:...

iCoreConnect Inc (NASDAQ: ICCT) shares are trading higher after it announced an acquisition of Verifi Dental for an undisclosed amount. This acquisition is expected to boost ICCT's portfolio of SaaS software solutions for the healthcare market. Robert McDermott, President and CEO,...

PriceSmart Inc (NASDAQ: PSMT) shares are trading higher by around 9% after it reported Q1 FY24 results. Revenue increased 10.6% Y/Y to $1.17 billion, beating the consensus of $1.16 billion.  Net merchandise sales rose 10.7% Y/Y (+6.8% Y/Y in constant currency) to $1.14 billion, with...

P3 Health Partners Inc (NASDAQ: PIII) shares are trading higher by around 10% after the company reaffirmed guidance for 2023 and announced the 2024 outlook. FY24 Outlook: PIII expects revenue of $1.45 billion to $1.55 billion (vs. consensus $1.41 billion) and Adjusted EBITDA of $20...

AZZ Inc (NYSE: AZZ) reported third-quarter FY24 sales growth of 2.22% year-on-year to $381.61 million, beating the analyst consensus estimate of $374.73 million. Metal Coating sales rose 3.1% to $163.2 million and Precoat Metals sales climbed 1.6% to $218.4 million. Gross profit for the...

Unity Software Inc (NYSE: U) shares are trading higher after it disclosed a job cut yesterday. The company plans to reduce its workforce by about 25%, or 1,800 employees, to streamline its business. With this move, Unity Software aims to restructure and refocus on its core business...

Extreme Networks Inc (NASDAQ: EXTR) shares are tumbling today by over 6% after the company lowered its Q2 revenue guidance yesterday. The company trimmed the outlook for Q2 revenues to around $294 million to $297 million (from $312 million to $327 million earlier) vs. consensus of $...

Footwear giant Crocs, Inc (NASDAQ: CROX) shares are trading after an updated Q4, 2023 outlook and solid preliminary 2024 guidance. The company expects FY23 revenue of approximately $3.95 billion (consensus $3.93 billion), a growth of over 11% compared to 2022 and slightly above its...

Genesco Inc (NYSE: GCO) company shares are trading lower after it reported weak comparable sales and lowered FY24 outlook. Comparable sales, including stores and direct sales, fell 4% for the quarter-to-date period ending December 30, 2023.  Same-store sales were down 6%, and sales...

Solo Brands Inc (NYSE: DTC) shares are trading lower after it disclosed its President and Chief Executive Officer (CEO) departure and lowered its FY23 outlook. Solo Brands appointed Christopher T. Metz as its new President, Chief Executive Officer, and Director of the Board, effective...

Agilon Health Inc (NYSE: AGL) shares are sinking today by around 32% after it disclosed its Chief Financial Officer (CFO) retirement and lowered its 2023 outlook. The company's CFO, Timothy Bensley, is retiring from his position within the next nine months this year. ...