News

GameStop shares experienced a significant jump in pre-market trading today, fueled by the company's better-than-expected fourth-quarter earnings report. Although revenue fell short of analyst estimates, the video game retailer's adjusted earnings per share of 30 cents significantly surpassed the anticipated eight cents, leading to a surge in investor optimism and a subsequent rise in stock price.

Paychex, Inc. (PAYX) is expected to report third-quarter earnings of $1.48 per share on Wednesday, March 26, with analysts projecting quarterly revenue of $1.51 billion. Several analysts have provided their ratings and price targets for Paychex, with Barclays maintaining an Equal-Weight rating and RBC Capital reiterating a Sector Perform rating.

Vietnam has approved a trial launch of SpaceX's Starlink satellite internet service until the end of 2030, aiming to bridge the digital divide and potentially avoid U.S. tariffs. This move comes as SpaceX prepares to launch a new Starlink dish offering gigabit internet speeds, further bolstering its global internet service expansion.

Humacyte Inc. (HUMA) shares plummeted in after-hours trading on Tuesday following the announcement of a public offering, with the company aiming to utilize the proceeds for commercializing SYMVESS and developing other product candidates. The stock price dropped by 21.39%, reaching $2.26 at the time of publication, likely due to investor concerns about potential share dilution.

GameStop Corp. (GME) reported mixed results for its fourth quarter, falling short of revenue expectations but exceeding earnings estimates. While total revenue of $1.283 billion missed the $1.48 billion consensus, adjusted earnings per share came in at 30 cents, surpassing the 8-cent analyst estimate.