Market Quotes

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Gogo Shares Rise 57% After FCC Renews Licenses

Gogo shares climbed after the Federal Communications Commission renewed the company’s Commercial Aviation Air-Ground Radiotelephone licenses for another 10 years, covering its exclusive 800 MHz air-to-ground spectrum in the U.S. and its network of 150 towers.

Airbnb AI Resolves 40% of Support Issues, Analysts Say

Airbnb’s AI customer service tools handled about 40% of customer support issues without human intervention in the latest quarter, up from 33% in the prior quarter, Raymond James analysts said. They also linked the company’s AI efforts to lower support costs per booking.

Extreme Networks Shares Rise 13% on Sale Report

Extreme Networks shares climbed 13% to $23.70 on Friday after Reuters reported that the networking software and equipment company is exploring a sale, citing people familiar with the matter. The stock is up 42% this year.

X-Energy Shares Rise 11% on Fluor Engineering Deal

X-Energy shares gained 11% to $9.99 at midday Friday after the company selected Fluor to provide design and engineering services for its planned energy facility near Richland, Washington. The rise came as the stock remained down 52% over the past three months.

Veon Shares Rise After $81 Million OLX Kazakhstan Deal

Veon shares climbed 7.9% to $81.32 on Friday after its Beeline Kazakhstan subsidiary completed an $81 million acquisition of OLX Group’s Kazakhstan business, while the company also reported a third-quarter profit after a loss a year earlier.

Oil Futures Extend Weekly Losses as U.S.-Iran Talks Weigh

Crude and refined-product futures were lower Friday, leaving crude prices on course to finish the week about $16 a barrel below last Friday. Markets have been pricing in the possibility of renewed U.S.-Iran negotiations and the implications of Democrats’ victories in the midterm elections.

7-Eleven Details North American Store and Franchise Targets

Seven & i Holdings says 7-Eleven’s North American business remains on track to open 1,300 stores and convert 2,600 locations to franchises by 2030. The company plans 500 franchise conversions in 2027, according to its Investor Day presentation released online Friday.

Saputo Earnings Top Forecasts on High-Protein Dairy Demand

Demand for high-protein dairy ingredients helped Saputo overcome weaker cheese pricing and higher costs in its fiscal second quarter, lifting revenue and adjusted earnings above analysts’ expectations. The Montreal-based company also reported higher net income from continuing operations.

Fox Closes $22 Billion Acquisition of Roku

Fox Corp. has completed its acquisition of Roku, combining the media company’s news and sports programming with the connected-TV platform provider in a deal valued at about $22 billion, based on enterprise value.

Five9 Shares Drop 22% After Lower Adjusted Earnings Outlook

Five9 shares fell 22% to $26.72 on Friday after the company lowered its adjusted earnings outlook for the year and issued a fourth-quarter forecast that fell short of some analyst estimates. The decline came despite quarterly revenue topping expectations and shares remaining up more than 40% year to date.

Koppers Shares Fall 26% After Earnings Miss

Koppers Holdings shares dropped 26% to $29.52 in premarket trading Friday after the company reported third-quarter profit and sales below analyst expectations. The wood-products and carbon-compounds provider said higher raw material and logistics costs outweighed gains from increased volumes and cost reductions.

Algoma Central Profit Rises on Bulk Shipping Demand

Algoma Central’s third-quarter net income climbed to C$54.2 million from C$39.4 million a year earlier, supported by stronger agricultural and construction shipping volumes, an expanded fleet and a gain from selling two vessels.

Biodesix Cuts Revenue Outlook as Third-Quarter Sales Miss

Biodesix shares fell roughly a third in premarket trading Friday after the company lowered its full-year revenue forecast, saying operational issues and stronger-than-expected seasonality weighed on third-quarter growth. The decline came after the stock had roughly tripled year to date through Thursday’s close.

Docebo’s Third-Quarter Profit Climbs as Revenue Rises 14%

Docebo reported third-quarter net income of $9.4 million, or 37 cents a share, as subscription sales and larger contracts lifted results. Adjusted earnings of 55 cents a share exceeded analysts’ 44-cent estimate, while revenue also came in above forecasts.

Oklo Rises 10% After Third-Quarter Loss Beats Forecasts

Oklo shares climbed 10% to $21.13 in premarket trading Friday after the nuclear technology company reported a third-quarter loss smaller than analysts expected and revenue above their estimates. The move came after the stock had fallen 73% year to date through Thursday’s close.

NerdWallet Shares Drop Nearly 25% After Third-Quarter Miss

NerdWallet shares fell nearly a quarter in premarket trading Friday after the financial services company reported third-quarter earnings and revenue below analyst expectations. The stock was trading at $8.74; through Thursday’s close, it had declined 12% this year.

Telus Posts C$660 Million Third-Quarter Loss on Health Writedown

A C$800 million noncash writedown at Telus Health pushed Telus to a third-quarter loss, as the Canadian telecom company cited lower growth expectations, weak market conditions and valuation marks related to its divestiture process. Revenue also declined, though the drop was smaller than analysts had forecast.

Enbridge’s Third-Quarter Profit Climbs on Hedging Gains

Enbridge’s net income nearly doubled in the third quarter, reaching C$1.29 billion, as noncash gains on financial hedges lifted results. The Canadian energy-infrastructure company also reported higher distributable cash flow and adjusted earnings slightly above analysts’ expectations.

Snap-On Lifts Quarterly Dividend 13% to $2.75

Snap-On will pay a quarterly dividend of $2.75 per share, up 13% from $2.44, after the toolmaker’s board approved an increase. The new rate amounts to $11 annually and carries an estimated yield of about 3%, based on Thursday’s closing share price.

Brookfield Raises $25 Billion in Quarter as Infrastructure Leads

Brookfield Asset Management raised $25 billion in the third quarter, lifting its year-to-date fundraising total to $123 billion as investors continued to seek infrastructure and other real assets. Chief Executive Connor Teskey said fundraising showed “no signs of slowing down” as the firm tracks toward a record year.