Companies Report Divergent Q1 Earnings and Forward Guidance

 

Paramus, N.J. — Alexander's Inc. on Monday reported first-quarter funds from operations of $13.4 million ($2.60 per share), net income of $4.7 million (91 cents per share) and revenue of $53.4 million, noting its shares have risen 12% year-to-date and 14% over the last 12 months; in San Diego on...

Hotel REITs Report First-Quarter Stronger-Than-Expected Results

 

Bethesda, Md. — RLJ Lodging Trust on Monday reported first-quarter funds from operations of $49.5 million, or $0.33 per share, surpassing the Zacks Investment Research average estimate of $0.27 per share from four analysts. The Bethesda-based hotel real estate investment trust posted revenue of $340 million for the period, topping...

Spirit Shutdown Strands Travelers, Spurs Industry Flight Shifts

 

Orlando — Spirit Airlines abruptly ceased operations Saturday, cancelling flights and leaving thousands of passengers stranded at airports including Orlando International Airport and others nationwide. Travelers reported receiving notifications that service was winding down and were advised not to report to airports, prompting immediate searches for alternative transportation and emergency...

Twist Loss, Tyson Profit Mark Mixed Q2 Results

 

South San Francisco and Springdale: Twist Bioscience Corp. on Monday reported a $44 million loss in its fiscal second quarter, recording a loss of 71 cents per share (62 cents adjusted) and $110.7 million in revenue, while Springdale-based Tyson Foods Inc. on Monday reported $260 million in fiscal second-quarter earnings...

NCLH Posts Mixed Q1 Results with Governance Changes

 

Miami — Norwegian Cruise Line Holdings reported first-quarter results on May 4, 2026, saying GAAP net income was roughly $105 million and EPS was $0.23 for the period ended March 31, 2026. The company reported total revenue near $2.3 billion and noted the EPS result topped the Zacks survey consensus...

Three Companies Report Mixed Results in Quarterly Earnings

 

Chicago. CNA Financial reported a $211 million profit with net income of $0.78 per share and $0.83 on an adjusted basis, plus $3.68 billion in revenue, in a quarterly report released Monday. The Associated Press noted the summary was generated using Zacks Investment Research data and Automated Insights distribution to...

Aura, Cabaletta Complete Major Public Offerings This Week

 

Boston — Aura Biosciences announced on May 4 that it priced an underwritten public offering of common stock and pre-funded warrants, offering 39,591,000 shares and up to 3,800,000 pre-funded warrants at $6.00 and $5.99999 respectively; the company granted underwriters a 30-day option for additional shares. Boston and Philadelphia reports this week...

Law Firm Seeks Lead Plaintiffs in Four Lawsuits

 

Los Angeles — The Schall Law Firm on May 4, 2026 issued investor notices announcing class action matters against Oddity Tech Ltd., monday.com Ltd., Gartner, Inc., and Alight, Inc., alleging violations of §§10(b) and 20(a) and Rule 10b-5. The notices specify class periods for each company and invite shareholders who...

GameStop Offers $125 Per Share to Acquire eBay

 

Texas, US. On May 4, 2026, GameStop Corp. submitted a non-binding proposal to acquire 100 percent of eBay Inc., offering $125.00 per share composed of 50 percent cash and 50 percent GameStop common stock; the company said it began accumulating an economic stake in eBay on February 4 and now...

Pistons Beat Magic, Detroit Prepares For Cavaliers Clash

 

Detroit Pistons beat the Orlando Magic 116-94 in a Game 7 on Sunday, securing their first playoff series win since 2008 and advancing to the Eastern Conference second round; Cade Cunningham scored 32 points with 12 assists while Tobias Harris added 30 points. They will host the Cleveland Cavaliers at...