Releases

25349 items in section

Investors Face August Deadline in Erasca Securities Fraud Lawsuit

Investors who lost more than $100,000 in Erasca, Inc. common stock between January 14, 2025, and April 26, 2026, have until August 10 to petition the court to serve as lead plaintiff in a pending securities class action filed against the oncology-focused biopharmaceutical company.

ACRES Commercial Realty Completes Internalization and $200M Debt Offering

Uniondale-based ACRES Commercial Realty Corp. has finalized its transition from an externally managed REIT to an internally managed entity following the acquisition of ACRES Capital Corp. The all-stock transaction, which closed August 6, serves as a cornerstone for the firm’s strategy to consolidate operations and drive long-term stakeholder value.

MSC Income Fund Reports Q2 Performance and Dividend Shift

MSC Income Fund, Inc. posted a net investment income of $0.26 per share for the second quarter of 2026, as the Houston-based firm pivoted to a monthly dividend schedule. The results, highlighted by a 15.9% annualized return on equity, reflect significant fair value appreciation across its investment portfolio.

Penn Foster Graduates Converge in Atlanta for 2026 Commencement

More than 1,200 students will gather at the Gas South Arena on August 8 to celebrate their academic milestones. The ceremony marks a significant assembly for the online education institution, honoring graduates from high school, college, and career training programs who successfully balanced personal challenges with their professional ambitions.

Furniture Row and Denver Mattress Launch Relief for Spokane Fire Victims

As the Spokane Complex Fire forces evacuations and disrupts lives, Furniture Row and Denver Mattress are stepping in with a targeted relief initiative. The retailers are offering a 50% discount on all store products to residents who lost property in the blaze, aiming to restore basic comfort to displaced families.

CytoSorbents Targets Cash Flow Breakeven Amid Cost-Cutting Drive

CytoSorbents Corporation, a developer of blood purification technology, reported $9.6 million in second-quarter 2026 revenue, matching the previous year’s figures. Despite flat top-line growth, the Princeton-based firm significantly improved its operating efficiency, cutting its quarterly operating loss by 27% to $2.6 million through aggressive restructuring and tighter expense management.

Tosin Osunsanya Named Among 2026 Fintech Leaders

Out of roughly 2,700 candidates, Powered Magazine has selected TAPP Engine founder Tosin Osunsanya as one of its 25 Outstanding Fintech Leaders of 2026. The annual list honors executives who are fundamentally restructuring global finance through digital innovation, improved infrastructure, and a renewed focus on customer-centric financial services.

Grant Puleo Joins Greenberg Traurig to Bolster San Diego Real Estate

Grant Puleo, a seasoned attorney known for navigating complex commercial property deals, has joined Greenberg Traurig’s San Diego office as a shareholder. Transitioning from Duane Morris, Puleo brings a dual-threat background in high-stakes transactional law and courtroom dispute resolution to the firm’s expanding California real estate division.

Chesapeake Utilities Lifts 2026 Capital Spending to $600 Million

Chesapeake Utilities Corporation reported net income of $25.4 million for the second quarter of 2026, prompting the company to raise its annual capital expenditure guidance by $100 million. The surge in planned investment to $600 million reflects the company's aggressive expansion into transmission projects and regional infrastructure development.

Metalpha Doubles Assets to $485 Million in Volatile Fiscal Year

With total assets surging to $485.6 million, Metalpha Technology Holding managed to nearly double its balance sheet during the 2026 fiscal year. The Hong Kong-based firm navigated a period of intense market turbulence by prioritizing structured derivative solutions and rigorous hedging strategies to maintain consistent profitability.

Couche-Tard Sets Date for First Quarter Fiscal 2027 Results

Laval-based convenience giant Alimentation Couche-Tard will report its financial performance for the first quarter of fiscal year 2027 on September 1, 2026. The release follows the close of the Toronto Stock Exchange, signaling the start of the company's next earnings cycle for its expansive global retail network.

Genpact Revenue Climbs 7% as AI Strategy Gains Traction

Genpact reported a 7.1% increase in second-quarter net revenue to $1.343 billion, fueled by a sharp 24% surge in its Advanced Technology Solutions division. The results reflect the firm's accelerating pivot toward AI-driven operations, with management raising full-year earnings guidance to at least 12% growth.

MetaVia hits dosing milestones in obesity drug trial

Cambridge-based MetaVia has successfully escalated all active patients to the highest planned dose levels of 48 mg and 64 mg in its Phase 1 study of DA-1726. This progress marks a pivotal step for the clinical-stage firm as it moves toward reporting 16-week topline data later this year.

PRA Group Posts $58 Million Profit as European Portfolio Value Climbs

A comprehensive review of European assets has provided a significant boost to PRA Group’s bottom line, with the company reporting a $58 million net income for the second quarter of 2026. The results follow a strategic pivot to consolidate operations and modernize technology under the firm’s ongoing PRA 3.0 initiative.

American Outdoor Brands Adds Kevin D. Leary to Board

Kevin D. Leary, the chief executive of Hallador Investment Advisors, joined the American Outdoor Brands board of directors effective August 4. His appointment adds significant expertise in capital allocation and corporate governance to the Columbia-based company as it pursues a growth strategy centered on brand portfolio expansion and disciplined acquisitions.

Gen Digital Accelerates Q1 Growth and Raises Fiscal Year Outlook

Gen Digital Inc. reported a strong start to its 2027 fiscal year, posting a 6% increase in GAAP revenue to $1.336 billion for the quarter ending July 3, 2026. Building on this momentum, the cybersecurity and identity protection firm raised its full-year guidance for both revenue and earnings per share.

QuidelOrtho Slashes 2026 Outlook Amid China Market Turbulence

QuidelOrtho Corporation reported a 3% revenue increase for the second quarter of 2026, reaching $631 million, yet the company simultaneously downgraded its full-year financial guidance. The diagnostic firm cited significant demand headwinds in China, driven by evolving pricing policies that continue to stifle regional performance.

KLA Corporation Announces Quarterly Dividend for Shareholders

KLA Corporation’s board of directors has authorized a quarterly cash dividend of $0.23 per share. The payout is scheduled for distribution on September 1, 2026, targeting investors who appear on the company’s books as shareholders of record by the close of business on August 17, 2026.

Aflac Reports Second Quarter Earnings Amid Yen Volatility

Aflac Incorporated reported second quarter 2026 adjusted earnings of $883 million, a 7.7% decline from the previous year, as a weaker yen pressured the company’s bottom line. Despite these currency headwinds, the insurer maintained its momentum in key markets and confirmed a third-quarter dividend for its shareholders.

Etsy Executives to Present at Canaccord Genuity Growth Conference

Etsy leadership will head to Boston on August 12, 2026, to discuss the company’s strategic trajectory at the 46th Annual Canaccord Genuity Growth Conference. The presentation, scheduled for 8:00 a.m. ET, will be accessible to the public via a live webcast hosted on the company’s investor relations portal.

Csquare Posts Record Bookings Amid Post-IPO Debt Restructuring

Csquare reported record bookings of $64.7 million for the second quarter of 2026, marking its 13th consecutive quarter of growth. While the data center provider saw revenue climb 14.5% to $280.4 million, it recorded a $48.8 million net loss tied largely to interest expenses incurred before its July initial public offering.

Lionsgate Studios Revenue Surges 48% on Box Office Hits

Lionsgate Studios Corp. reported $776.6 million in revenue for the first quarter of fiscal 2027, a 48% increase compared to the same period last year. The growth was primarily propelled by the record-breaking theatrical performance of the Michael Jackson biopic, Michael, and robust returns from the company's extensive film library.

Shoulder Innovations Raises 2026 Outlook After Revenue Jumps 56%

Grand Rapids-based medical technology firm Shoulder Innovations reported a 56% revenue surge to $17.2 million for the second quarter of 2026, prompting the company to increase its full-year guidance as it scales its surgical implant business amid growing demand from surgeons.

Cryoport Nears Profitability Milestone as Revenue Climbs to $49 Million

Nashville-based Cryoport reported an 8% revenue increase to $49 million for the second quarter of 2026, marking a pivotal shift toward sustainable profitability. The company achieved positive adjusted EBITDA for the quarter, signaling that strategic investments in its global supply chain infrastructure are beginning to yield operational leverage.

Amphastar Reports Revenue Growth Amidst Competitive Portfolio Shifts

Amphastar Pharmaceuticals posted $183.9 million in net revenue for the second quarter of 2026, marking a 5% increase over the previous year. Despite the growth, the biopharmaceutical company reported a GAAP net income of $30.3 million, or $0.67 per share, as it navigated shifting pricing dynamics and heightened market competition.

ICF Maintains Revenue Stability as Commercial Demand Climbs

Consulting and technology firm ICF reported second-quarter 2026 revenues of $474 million, holding steady against prior-year levels as growth in commercial and international government sectors offset a slower federal contracting environment. The company reaffirmed its full-year guidance, bolstered by a $9.3 billion business development pipeline.

The RealReal Raises 2026 Forecast After Record Quarterly GMV

The RealReal reported a record-breaking second quarter for 2026, with gross merchandise value hitting $617 million—a 22% jump over the previous year. Driven by this sustained momentum and deeper engagement from both buyers and sellers, the luxury resale platform has officially lifted its full-year financial guidance.