Yunji (NASDAQ: YJ) reported a fiscal year adjusted earnings per share (EPS) of $(3.86) and sales of $45.333 million for the quarter. The results indicate a significant loss per share despite generating sales revenue.
BTIG analyst Gregory Lewis has initiated coverage on IperionX (NASDAQ: IPX) with a Buy rating. The analyst has set a price target of $40 for the stock.
Newsmax Inc (NYSE:NMAX) shares increased by 4.7% to $6.26 in pre-market trading following the release of better-than-expected fourth-quarter financial results. The company reported earnings of 4 cents per share, surpassing the analyst consensus estimate of a loss of 9 cents per share, and quarterly sales of $52.240 million, exceeding the expected $43.993 million. Additionally, Newsmax provided FY26 sales guidance that was above estimates.
Needham analyst Laura Martin has reiterated a Buy rating on Alphabet Inc. (NASDAQ: GOOGL) and has maintained a price target of $400 for the stock. This endorsement reflects confidence in the company's performance and potential for growth.
Alphabet Inc. (NASDAQ: GOOGL) recently introduced its TurboQuant AI algorithm, which significantly reduces memory usage in key-value caches by 6x, causing a sell-off in memory-related stocks like Samsung, SK Hynix, and Micron Technology. Analysts suggest that this technology could ultimately expand AI applications and increase long-term demand for memory chips, framing the market reaction as a potential 'buy the dip' opportunity. Currently, GOOGL shares are trading at $280.00, down 0.33% in premarket, with a 12-month increase of 73.15%.
Unity Software Inc. (NYSE: U) saw a pre-market surge of 14.65%, reaching $19.64, following the announcement of preliminary revenue for Q1 2026 between $505 million and $508 million, exceeding previous guidance of $480 million to $490 million. Adjusted EBITDA is expected to be between $130 million and $135 million, representing a 58% year-over-year growth. Additionally, Unity plans to shut down its ironSource Ads Network by April 30 and is exploring the divestiture of its Supersonic game publishing business.
U.S. stock futures declined on Friday after a significant sell-off on Thursday, with the S&P 500 and Nasdaq futures down 0.14% and 0.21%, respectively. Unity Software Inc. saw a premarket surge of 15.24% after projecting first-quarter revenue between $505 million and $508 million, exceeding prior guidance. In contrast, Southland Holdings Inc. dropped 34.16% following a steep decline in fourth-quarter revenue to $104.0 million from $267.3 million a year ago. The 10-year Treasury bond yield stood at 4.45%, with markets anticipating a 93.8% chance of the Federal Reserve maintaining current interest rates in April.
SoFi Technologies, Inc. announced the expansion of its Loan Platform Business through three new partnerships, expected to generate over $3.6 billion in personal loan funding. This includes a $1 billion deal with a global bank and a $600 million agreement with a financial services group, along with terms for up to $2 billion from a top asset management firm. Despite these developments, SoFi faces scrutiny from Muddy Waters, which alleged inflated financial figures, leading to a 0.69% decline in stock price to $15.76 during premarket trading.
On Thursday, the Nasdaq Composite fell over 500 points, closing at 21,408.08, amid rising crude oil prices following Iran's rejection of a U.S. ceasefire proposal. The Dow Jones and S&P 500 also closed lower, with the Dow down approximately 469 points to 45,960.11 and the S&P 500 down 1.74% to 6,477.16. Commercial Metals Co. reported fiscal second-quarter results that missed adjusted EPS estimates but beat revenue expectations, while Navan Inc. shares surged 43% after better-than-expected fourth-quarter results and optimistic sales guidance. The CNN Money Fear and Greed index remained in the 'Extreme Fear' zone with a reading of 18.2.
Iran's Islamic Revolutionary Guard Corps (IRGC) has issued a warning prohibiting all shipping to and from ports associated with allies and supporters of the 'Israeli-American enemies.' This announcement could impact shipping routes and trade in the region, although specific financial implications or stock price movements were not detailed in the report.