Oracle Corp (NYSE:ORCL, ETR:ORC) posted better-than-expected quarterly earnings and forecast strong cloud growth in its new fiscal year.
Revenue climbed 11% year-over-year to $15.9 billion, topping expectations of $15.59 billion, driven by surging demand for its cloud infrastructure and software services.
Shares of OKYO Pharma Ltd (NASDAQ:OKYO) have nearly doubled since the start of the year, fueled by a string of clinical and regulatory milestones that may pave the way for a transformative treatment in the underserved field of ocular pain.
In a new note research report, Goldman Small Cap Research raised its price target on the stock to $8, up from $5, citing strong momentum, accelerated clinical progress, and growing interest from patients and clinicians alike in the company’s lead drug candidate, urcosimod.
Lockheed Martin Corp (NYSE:LMT) shares fell after the Pentagon slashed its order for F-35 fighter jets, according to a Bloomberg News report.
The US Air Force reduced its request for new F-35s to 24 jets in the upcoming fiscal year, down from 48 jets last year.
Dollarama Inc (TSX:DOL) stock popped almost 10% after the Canadian discount retailer reported strong sales growth for the first quarter, as cost-conscious consumers prioritize value amid persistent inflation.
First quarter sales were up 8.2% year-over-year at C$1.52 billion, beating estimates of C$1.5 billion.
Victoria's Secret & Co. (NYSE:VSCO) shares moved higher before Wednesday’s opening bell as the specialty retailer reported first quarter revenue above guidance and maintained its full-year sales outlook.
For the quarter, revenue of $1.35 billion was above guidance of $1.3 billion to $1.33 billion and beat Street estimates of $1.34 billion.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) shares soared some 20% higher in Wednesday’s dealings as the closely followed AIM-quoted firm posted its second positive project update in two days.
TEarlier, it announced it has finalised negotiations with the Tanzanian Government for the award of a Mining Licence for its Southern Rukwa helium project.
Chewy (NYSE:CHWY) reported better-than-expected revenue and adjusted earnings per share for the first quarter, but weak guidance sent its shares lower pre-market.
The company reaffirmed its full-year sales guidance in the range of $12.3 billion to $12.45 billion, representing growth of 6% to 7%, at the midpoint slightly below Street estimates of $12.42 billion.
Shares in Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) dropped 30% in morning trade after the company announced a £1.6 million fundraising to support ongoing work at its Zulu Lithium and Tantalum Project in Zimbabwe.
The new shares were issued at 0.012p, a steep discount to the previous closing price.