Agilent stock tanks after company’s quarterly miss, revised outlook

Shares of Agilent Technologies Inc. A, +2.94% fell more than 9% in the extended session Tuesday after the lab-instrument maker reported fiscal second-quarter results that missed Wall Street expectations and revised its full-year sales outlook. Agilent said it earned $182 million, or 57 cents a share, in the quarter, compared with $205 million, or 63 cents a share, in the […]

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Mahindra Logistics plans to lower parent’s share in business

Logistics provider eyes acquisitions in southeast Asia Mahindra Logistics Ltd. (MLL) is planning to bring down the share of the Mahindra group companies to less than 50% of its turnover by 2021, said Pirojshaw Sarkari, CEO of the company. Addressing the media on Tuesday, Mr. Sarkari said at present, 54% of the business came from Mahindra Group and 46% from […]

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Myovant stock up 1.6% after Phase 3 trial meets endpoints

Shares of Myovant Sciences MYOV, -2.99% rose 1.6% in premarket trade Tuesday after the company announced a late-stage study of a uterine fibroid treatment met its primary endpoint and several secondary endpoints. The Phase 3 trial showed that a greater proportion (73.4%) of women on a once-daily combination therapy of the drug showed significant improvement in blood loss than those […]

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CannTrust’s stock surges after surprise profit, but revenue rises less than expected

The U.S.-listed shares of CannTrust Holdings Inc. CTST, -4.50%TRST, -1.66% surged 5.4% in premarket trade Tuesday, after the Canada-based cannabis company reported a surprise first-quarter profit, while revenue more than doubled but fell short of expectations. The company reported net income of C$12.8 million ($9.5 million), or 12 cents a share, after earnings of C$11.4 million, or 12 cents a […]

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Jet Airways CFO Amit Agarwal quits

Grounded carrier Jet Airways’ deputy chief executive and chief financial officer (CFO) Amit Agarwal has resigned, the airline said on Tuesday. Mr. Agarwal’s resignation is effective from May 13, it said. “We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal reasons, with effect from May […]

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Roche extends offer period for Spark Therapeutics

Roche Holding AG RO is extending the offering period for its planned acquisition of Philadelphia biotechnology company Spark Therapeutics Inc. ONCE, -0.26% it said Tuesday. The offering period has been extended to June 14, it said, after the companies decided to refile around May 23 their respective premerger notification and report forms under the Hart-Scott-Rodino Act. The decision will provide […]

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China auto sales fall for 10th month

SHANGHAI – Chinese auto sales fell sharply in April, marking the tenth straight month they have fallen in the world’s largest automotive market. Vehicle sales were down 14.6% year over year at 1.98 million, the government-backed China Association of Automobile Manufacturers said on Monday, as concerns over the Chinese economy’s growth prospects sapped consumer confidence. Sales had declined 11.3% in […]

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SEC scolded by judge for VW lawsuit

SAN FRANCISCO — A federal judge sharply questioned why securities regulators took so long to sue Volkswagen AG over its bond offerings, years after other government agencies resolved litigation over the auto maker’s diesel-cheating scandal. U.S. District Judge Charles Breyer on Friday suggested the Securities and Exchange Commission’s March 2019 lawsuit makes it look like a "carrion hawk that simply […]

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