Salesforce Inc (NYSE:CRM, XETRA:FOO) shares added almost 6% after Wednesday’s closing bell as it impressed investors with a solid financial report for third quarter and improved full-year revenue guidance.
The company raised its full-year revenue guidance, now expecting revenue in the range of $41.45 billion to $41.55 billion, representing growth of 9% to 10% over the previous year. This is up from its earlier guidance range of $41.1 billion to $41.3 billion.
Acadia Healthcare (NASDAQ:ACHC) shares plunged more than 10% after the company was downgraded to an ‘Underperform’ rating by Bank of America analysts, who warned that rising insurance and legal costs will pressure profitability into 2026.
The analyst also lowered their price objective on Acadia Healthcare to $13. Shares traded hands at about $14.70 on Wednesday afternoon.
Shares of online furniture retailer Wayfair Inc (NYSE:W) fell nearly 5% on Wednesday after Jefferies downgraded the stock to “Hold,” citing weakening web traffic, softer early holiday demand and fading buying intent among consumers.
Jefferies said it had turned more cautious after reviewing third-party traffic and survey data that pointed to a slower start to the peak shopping season.
PayPal Holdings Inc (NASDAQ:PYPL, XETRA:2PP) shares fell on Wednesday after the company's finance chief warned that consumers are continuing to trade down, dampening expectations for growth in the key holiday quarter.
CFO Jamie Miller told the UBS tech conference that average order values remain under pressure and that fourth-quarter branded checkout growth is running “a couple points” slower than the third quarter, even as the company maintained its overall guidance.
Microsoft Corp (NASDAQ:MSFT) shares fell 2.1% on Wednesday morning after a report suggested the company has lowered expectations for sales of its newer artificial intelligence products among business customers.
The Information reported that Microsoft has reduced growth goals for AI software, citing two salespeople in the Azure cloud unit. The division is a key focus for investors as it is central to Microsoft’s AI strategy.
American Eagle Outfitters Inc. (NYSE:AEO) posted third-quarter results that surpassed analyst expectations, driven by strong momentum at its Aerie brand and a rebound at the core American Eagle chain, and raised its full-year guidance despite ongoing tariff pressures.
The retailer reported net revenue of $1.36 billion, up 6% from a year earlier, with comparable sales rising 4%.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) announced that drilling at its Kavango West 1X well on Petroleum Exploration Licence (PEL) 73 in onshore Namibia encountered hydrocarbon pay in the Otavi reservoir section.
The well encountered approximately 400 metres (1,300 feet) of gross hydrocarbon section, including 64 net metres (210 feet) of hydrocarbon pay.
Marvell Technology Group Ltd. (NASDAQ:MRVL) reported record third-quarter revenue and raised its guidance for data center growth, driven by strong demand for its products and a new acquisition aimed at expanding its AI capabilities.
The semiconductor company posted Q3 revenue of $2.08 billion, surpassing analysts’ estimates of $2.07 billion and marking a 37% increase from a year earlier.
BioHarvest Sciences Inc. (NASDAQ:BHST) has launched VINIA Blood Hydration, a new electrolyte product that incorporates the company’s Piceid resveratrol ingredient. The launch marks BioHarvest’s entry into the US hydration and electrolyte category, a market the company cites as worth about $13 billion.
The product is now shipping across the US and is sold exclusively through Vinia.com, with free delivery offered in North America.