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3 weeks ago | 
benzinga.com | Akanksha Bakshi
Conagra Brands Inc. CAG agreed to sell its Van de Kamp’s and Mrs. Paul’s frozen seafood brands to High Liner Foods for $55 million in cash. The transaction is expected to close by the end of July 2025. The two seafood brands generated roughly $75 million in net sales during fiscal 2024. The divestiture is projected to reduce Conagra’s adjusted earnings per share by one cent in fiscal 2026.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
FuelCell Energy Inc. FCEL shares traded higher Friday morning after the company announced in a press release mixed results for the second quarter of fiscal 2025. Revenue grew 67% year over year to $37.41 million, beating the consensus estimate of $32.41 million. Product revenue rose to $13 million from zero a year ago, reflecting increased sales activity. Service revenue jumped to $8.1 million, driven by module replacements under a United Illuminating contract.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
The Mosaic Company MOS shares slipped 5.3% at last check Friday during the pre-market trading session. The company revised its second-quarter and full-year 2025 outlook, adjusting phosphate guidance downward while raising price expectations. The company now sees Q2 diammonium phosphate (DAP) prices at $650–$670 per tonne, up from the previous $635–$655 range due to solid demand and limited supply.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
On Thursday, June 5, U.S. markets closed lower as Tesla shares plunged amid escalating tensions between Elon Musk and Donald Trump, wiping out significant market value. Optimism from renewed U.S.-China tariff dialogue was overshadowed by weak economic data, rising jobless claims, and inflation concerns. Broader market sentiment remained cautious ahead of key labor reports and ongoing uncertainty over Federal Reserve policy.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
IperionX Limited IPX shares surged Thursday after the company secured a major U.S. Department of Defense contract to supply domestically produced titanium parts for military use. The $99 million Small Business Innovation Research (SBIR) Phase III Indefinite Delivery, Indefinite Quantity (IDIQ) agreement enables the Pentagon to order titanium components directly from IperionX.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
Brown-Forman Corp BF BF, the parent of Jack Daniel’s whiskey, Old Foster and other popular brands, saw its stock drop Thursday after it reported a weaker-than-expected fourth-quarter fiscal 2025. The spirits maker posted quarterly net sales of $894 million, down 7% from a year ago and 3% lower on an organic basis. The figure missed analyst expectations of $967.39 million. Diluted earnings per share fell 45% to 31 cents, missing the consensus estimate of 34 cents.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
Procter & Gamble Co. PG unveiled a sweeping overhaul on Thursday at the 2025 Deutsche Bank Global Consumer Conference. It outlined a strategy to simplify operations and sharpen its focus on core growth areas. The move is part of a broader effort to boost efficiency and enhance long-term value for shareholders. The restructuring plan includes cost-cutting initiatives and the elimination of up to 7,000 roles, primarily targeting non-manufacturing functions.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
On Wednesday, June 4, U.S. markets closed mixed, as weak services and job data highlighted the toll of Trump’s policy uncertainty. The S&P 500 was flat, the Nasdaq edged up, and the Dow dipped. Investors weighed trade tensions, softening policy stances, and corporate earnings. Tesla and CrowdStrike fell, while HPE and GlobalFoundries gained. Trading volume remained light.
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3 weeks ago | 
aol.com | Akanksha Bakshi
Genesco Inc. (NYSE:GCO), on Wednesday, reported mixed first-quarter 2026 results and reaffirmed fiscal 2026 EPS guidance. The company reported an adjusted loss per share of $2.05, missing the street view of $2.00 loss. Quarterly sales of $473.973 million (increased 4% year over year) were above the analyst consensus estimate of $465.30 million. Net sales were driven by a 5% increase at Journeys, 4% at Schuh, and 7% at Genesco Brands, partly offset by a 3% decline at Johnston & Murphy.
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3 weeks ago | 
benzinga.com | Akanksha Bakshi
Redwire Corporation RDW, on Wednesday, announced its lunar and Martian construction tool, Mason, has passed a key NASA milestone, completing its Critical Design Review (CDR). The toolset, developed under a $12.9 million NASA Tipping Point award, supports future off-world infrastructure needs. Mason is designed to turn loose lunar or Martian soil, known as regolith, into solid surfaces like landing pads and roads.
