Intuitive Machines Inc (NASDAQ:LUNR) stock surged almost 28% after the space exploration company reported strong revenue growth and backlog expansion during the fourth quarter.
The company reported a 79% year-over-year increase in revenue to $54.7 million, slightly below estimates of $57.6 million.
DNA testing firm 23andMe (NASDAQ:ME) has filed for bankruptcy protection in the US, marking the collapse of one of the most high-profile names in consumer genetics.
Co-founder Anne Wojcicki has stepped down as chief executive with immediate effect, though she will remain on the board.
Shares of Azek surged 13.5% on Monday after the US artificial decking maker agreed to be acquired by Australia’s James Hardie Industries in an $8.75 billion deal.
The combined firm will trade on the NYSE, with James Hardie financing the cash portion through debt.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has secured a contract to deliver a PowerBuoy for immediate deployment on the East Coast of the United States.
The contract allows for the future integration of surface and subsea sensors, expanding the buoy's capabilities.
Lightspeed Commerce Inc (TSX:LSDP, NYSE:LSDP) shares moved lower after the Montreal-based commerce platform trimmed its full-year revenue outlook.
The company said that since reporting its Q3 fiscal 2025 results on February 6 that macroeconomic conditions have deteriorated.
JPMorgan has turned bullish on mining stocks, naming London-listed giants Rio Tinto, Antofagasta and Fresnillo among its top picks as it upgraded the global sector to 'overweight' for the first time in over a year.
The bank’s equity strategists said they expect a rebound in metals prices and mining shares in the coming months, after a long stretch of underperformance.
Braemar PLC (LSE:BMS, OTC:BSEAF) shares fell 10% after the shipping and energy consultant said revenue and profit would be lower in the just-completed year to February.
Revenue for the year will be around £141 million, down from £152.8 million in the prior year, with underlying operating profit before acquisition-related expenditure close to £16.5 million, down from £18.1 million last time.
Shares in Sir Martin Sorrell's S4 Capital PLC (LSE:SFOR, OTC:SCPPF) jumped 8% on Monday morning after the digital advertising and marketing agency reported audited results for 2024 in line with expectations.
The shares have sunk to a series of all-time lows in the past year, as results and updates have disappointed amid a dreary ad market.