Alphabet, the parent company of Google, reported an impressive financial performance for the third quarter of 2024, underscoring a substantial surge in revenue driven by its AI initiatives and robust performance across various segments. The tech giant’s consolidated revenues soared by 15% year-over-year, reaching $88.3 billion, propelled by strong momentum across Google Services and Google […]
Food solutions company SpartanNash (Nasdaq: SPTN) announced a strategic asset purchase agreement with Markham Enterprises, Markham Oil, and affiliates, bringing the three-store Michigan-based convenience chain into SpartanNash’s portfolio. The acquisition will expand SpartanNash’s convenience store and fuel distribution capabilities in mid-Michigan, with the deal expected to close in early December. SpartanNash plans to retain all […]
GSE Solutions, a leader in engineering solutions supporting clean energy, announced that its stockholders have overwhelmingly approved a merger with Pelican Energy Partners, a private equity firm specializing in energy services. According to the merger terms, Pelican Energy Partners will acquire all outstanding GSE Solutions shares for $4.60 each, representing a significant premium over recent […]
Methode Electronics, Inc. has announced a strategic asset purchase agreement valued at up to $62 million, leading to a significant rise in its stock price. The acquisition aims to enhance the company’s technological capabilities, boosting investor confidence and sparking a 30% jump in after-hours trading. The new agreement outlines a blend of cash payments and […]
Versus Systems Inc., a leading player in interactive entertainment technology, has announced the appointment of Luis Goldner as its new Chief Executive Officer. The company, known for its proprietary in-game rewards system, aims to revitalize its market position under Goldner’s leadership. The appointment, effective immediately, follows the tenure of Curtis Wolfe, who served as interim […]
Seagate Technology Holdings plc’s (NASDAQ: STX) stock faced a sharp decline following its Q1 FY 2025 earnings report. Despite surpassing Wall Street estimates with an EPS of $1.58—beating the forecasted $1.30—and revenue reaching $2.17 billion, above expectations of $2.13 billion, the market reacted negatively. Shares dropped by over 7% in early trading, raising questions about […]
Coya Therapeutics Inc. (NASDAQ: COYA) witnessed a 9% increase in its share value after securing $10 million through a private placement. The biotechnology firm, specializing in developing therapies targeting regulatory T cells (Tregs), issued 1.4 million common shares at $7.25 each. The transaction drew significant interest from institutional and accredited investors, reflecting confidence in Coya’s […]
Shares of Altair Engineering Inc. have jumped 9.2% following reports hinting at a potential sale of the company. Altair Engineering, a leading provider of software and cloud solutions specializing in simulation and AI-driven analytics, has captured the market’s attention. With trading activity significantly higher than usual, the company’s stock rose to $103.95 in Tuesday’s early […]
CLPS Incorporation has reported its financial outcomes for the second half and the full fiscal year of 2024. Despite global economic challenges and reduced demand in IT consulting services, the company pursued an aggressive international expansion strategy, showing resilience in various regions, particularly outside of mainland China. Key results and regional growth For the second […]
MetroCity Bankshares, Inc., the holding company for Metro City Bank, has revealed its financial performance for Q3 2024. The Atlanta-based banking giant reported a net income of $16.7 million, translating to $0.65 per diluted share. This marks a slight drop from the $16.9 million ($0.66 per diluted share) reported in Q2 2024. However, compared to […]