Macy's, Inc. (NYSE:M) reported better-than-expected results for the fourth quarter on Wednesday, sending its shares about 5% higher.
The retailer posted adjusted earnings per share of $1.67, above the consensus $1.56.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) announced that a recently acquired division Krafty Labs reached profitability in its first full month under company ownership, as the firm pointed to improving margins and reiterated its expectation of achieving cash-flow positive operations in 2026.
The company said Krafty Labs, which it acquired in January 2026, generated approximately $130,000 in revenue in February, with a gross margin of 66% and a net margin of about 55%.
Shares of VivoPower PLC (NASDAQ:VIVO, FRA:51J) surged 23.3% on Wednesday morning after the company announced it had terminated its $180 million Form F-3 registration statement.
The decision, effective immediately, means no further sales of ordinary shares will be made under the filing, originally dated before the end of December 2025.
The Malawi-based miner's flagship deposit remains the world's largest natural rutile reserve
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM), the AIM-listed critical minerals company, has significantly upgraded the resource estimate for its Kasiya project in Malawi, sending shares up 9% to 44p.
Shares in Gem Diamonds Limited (LSE:GEMD, OTC:GMDMF)) fell 18% to 3.78p on Wednesday after the company reported a $104 million attributable loss for 2025, driven by a $77.5 million writedown of the carrying value of its Letšeng mine in Lesotho.
Revenue fell to $98.4 million from $154.2 million in 2025, while underlying EBITDA (earnings before interest, tax, depreciation and amortisation) collapsed to $3.9 million from $29.7 million.