Doximity shares plummeted nearly 40% in after-hours trading Thursday after the healthcare-focused digital platform lowered its revenue forecast and announced that Chief Financial Officer Anna Bryson would take a temporary medical leave of absence.
Amazon CEO Andrew Jassy is doubling down on the company’s massive capital expenditure, projecting a significant return on a planned $200 billion investment slated for 2026. While Jassy maintains that cloud demand is outstripping supply, the scale of the spending triggered a sharp sell-off in the company’s stock during after-hours trading.
Canadian packaging leader Cascades is withdrawing from the honeycomb paperboard and partition sector, announcing the permanent closure of three production facilities in Quebec and Pennsylvania. The strategic retreat, driven by declining demand and a shift in long-term priorities, includes the sale of select assets to Emballages LM for approximately C$9 million ($6.6 million).
Phillips 66 will eliminate 122 positions at its Los Angeles Refinery this April, marking the second wave of layoffs since the energy giant ceased operations at the facility in December. The move, detailed in a regulatory filing on Thursday, underscores the company's strategic retreat from California’s refining sector in favor of more cost-effective supply routes.
Shares of A10 Networks jumped Wednesday after the application security provider topped quarterly estimates and issued an optimistic multi-year forecast, signaling a turnaround for the infrastructure specialist.
Prime Minister Mark Carney has unveiled a sweeping overhaul of Canada’s automotive policy, abandoning mandatory electric-vehicle sales targets in favor of stringent tailpipe-emissions standards. The strategic pivot aims to decouple the domestic industry from shifting U.S. trade policies while targeting carbon reductions equivalent to a 75% EV market share by 2035.
Shares of Bob's Discount Furniture climbed nearly 9% during their market debut on Thursday, closing at $18.50 after the company's initial public offering priced at the low end of its target range. The retailer, listed under the ticker BOBS, successfully navigated a conservative pricing strategy to find immediate traction on the New York Stock Exchange.
Mexico’s state-owned oil giant Pemex generated $496 million from crude sales to Cuba in 2025, according to company officials, as the administration of President Claudia Sheinbaum navigates rising diplomatic tension with the United States over the island nation's energy supply.
Shares of Eikon Therapeutics fell 6% to $16.90 during their first day of trading on the Nasdaq Global Select Market Thursday, despite the biopharmaceutical firm pricing its upsized initial public offering at the top of its target range.
Shares of Malibu Boats plummeted on Thursday after the luxury wakeboat manufacturer reported a surprise quarterly loss, driven by a sharp contraction in margins and rising operational costs. Despite beating revenue expectations for the period ending Dec. 31, the company struggled with a competitive promotional environment and higher labor expenses, sending its stock down nearly 12%.
McKesson shares rallied following a third-quarter performance that outpaced Wall Street estimates, fueled by double-digit revenue growth and a strengthened full-year earnings forecast. The Irving, Texas-based pharmaceutical distributor reported a significant jump in profitability, driven by robust prescription volumes and an expansion in its specialty medicine portfolio.
Crude oil futures turned lower on Thursday as investors pivoted toward upcoming diplomatic negotiations between the U.S. and Iran, cooling a rally sparked by earlier geopolitical uncertainty.
Canadian equities continued their downward trajectory on Thursday mid-trading, with the S&P/TSX Composite Index falling 1.3% to 32142.34 as a slump in precious metals and tech-sector jitters dampened investor sentiment.
LB Pharmaceuticals shares surged 14% to a new 52-week high Tuesday after the company secured a $100 million private placement from a consortium of institutional investors. The capital injection is earmarked to advance the firm’s lead psychiatric drug candidate into mid-stage clinical trials.
Genius Sports shares plummeted Thursday following the announcement of a deal to acquire sports media network Legend for up to $1.2 billion. The market's sharp reaction underscores investor concerns over the high price tag and the debt-heavy structure of the transaction, which aims to consolidate the sports data and betting media landscape.
ScanSource shares retreated after the electronics distributor missed Wall Street’s second-quarter earnings estimates and issued a cautious downward revision for its long-term revenue targets. The Greenville, South Carolina-based company reported adjusted earnings of 80 cents per share for the period ending Dec. 31, falling significantly short of the $1.01 per share anticipated by analysts.
Tradeweb Markets shares jumped 11% on Thursday after the electronic trading platform reported fourth-quarter earnings and revenue that outpaced Wall Street expectations. The fintech firm saw a significant boost in trading activity, supported by the announcement of a newly authorized $500 million share repurchase program.
Canada Goose shares plummeted more than 18% on Thursday after the luxury parka maker reported that escalating marketing expenses and a significant bad debt charge eroded profits during its crucial holiday quarter. Despite a double-digit rise in total revenue, the Toronto-based company missed analyst earnings estimates, highlighting the pressure of maintaining brand momentum in a tightening retail environment.
FMC Corp. shares plummeted on Thursday after the agricultural sciences firm announced it is exploring strategic alternatives, including a potential sale, as it grapples with a mounting debt load and expiring patents.
SiTime stock soared to a record high Thursday after the semiconductor company announced a definitive agreement to acquire Renesas Electronics’ timing business for $1.5 billion in cash and approximately 4.13 million shares.
Maximus shares plunged Thursday after the government services contractor reported a first-quarter revenue decline and issued a fiscal 2026 sales forecast that trailed Wall Street expectations, overshadowing a beat on the bottom line.
Novo Nordisk is pursuing legal and regulatory action against Hims & Hers Health after the telehealth provider launched a cheaper, compounded version of the weight-loss drug Wegovy. The pharmaceutical giant labeled the move "illegal mass compounding," warning that the unapproved copies pose significant risks to patient safety.
IQVIA Holdings shares dropped 9% on Thursday after the life sciences data giant issued a 2026 earnings forecast that fell short of analyst expectations, overshadowing a strong finish to the previous fiscal year.
Ensign Group shares climbed 13% on Thursday after the healthcare provider reported fourth-quarter earnings that surpassed analyst expectations, driven by robust revenue growth across its skilled nursing and senior living portfolio.
Post Holdings has appointed Greg Pearson as president and chief executive of its Post Consumer Brands unit, effective this April. Pearson succeeds Nicolas Catoggio, who transitioned to the role of chief operating officer last month, as the consumer packaged goods giant strengthens its leadership to navigate the competitive grocery and pet food sectors.
Peloton Chief Financial Officer Liz Coddington is stepping down to lead the finance department at solar energy provider Palmetto, ending a four-year tenure marked by aggressive financial restructuring. Her transition, effective March 30, comes as the connected-fitness pioneer attempts to stabilize its business model in the face of dwindling membership and shrinking revenues.
Shares of Cerence dropped 20% in premarket trading after the automotive AI developer projected second-quarter revenue below Wall Street expectations. While the company reported a significant narrowing of losses and a doubling of revenue for its first fiscal quarter, the cautious outlook for the current period triggered a sharp selloff.
Vestas Wind Systems shares tumbled 10% on Thursday after the Danish wind-turbine manufacturer delivered a mixed fourth-quarter report that missed analyst expectations. While the company signaled long-term confidence through a new share buyback and dividend, a cautious profitability outlook for its crucial service business weighed heavily on investor sentiment.
Byrna Technologies shares climbed Thursday after the personal defense manufacturer announced a 33% increase in production capacity and its first strategic price hike in years to capture rising market interest.
U.S. grain export sales struggled to meet expectations for the week ending Jan. 29, according to the Department of Agriculture, with soybean, corn, and wheat volumes all landing at the bottom of analyst projections despite steady demand from China and Mexico.
