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Worthington Steel decreased 1.3% to $37.45 after the metal processor released its results for the fiscal first quarter ending in August.
Revenue surged 212% to $2.7 billion from $872.9 million, operating income increased to $56.0 million from $48.3 million, and net income swung to a loss of $7.0 million from $36.8 million a year ago.
The latest quarter results reflected the company's recent business combination with a majority interest in Germany-based Klockner & Co.
Adjusted diluted earnings per share decreased to 57 cents from 77 cents a year ago.
Worthington Steel sales decreased to 921,234 tons from 928,866 tons and soared to 1.9 million tons after including the latest combination with Klockner.
The company completed the Klockner acquisition on June 3, at an implied enterprise value of $2.4 billion.
Oct 7, 2026 -
Constellation Brands decreased 6% to $108.70 despite the company reporting better-than-expected results for the fiscal second quarter due to concerns over weak underlying beer volume trends and a lowered operating margin outlook.
Revenue in the quarter ending in August increased to $2.8 billion from $2.65 billion, net income advanced to $565.8 million from $466.0 million, and diluted earnings per share rose to $3.32 from $2.65 a year ago.
The company repurchased $530 million of its own shares in the fiscal year-to-date to September and declared a cash dividend of $1.03 per Class A common stock.
Net sales in the beer business increased 5%; however, beer depletions fell 0.6%, pointing to slower consumer purchasing trends at grocery and liquor stores for flagship brands like Modelo Especial and Corona Extra. Growth in Pacifico and Victoria helped offset some of this weakness.
Net sales in the wine and spirit business advanced 17%, while operating income swung back into positive territory at $6.1 million compared to a heavy operating loss last year.
Oct 7, 2026 -
Micron Technology edged up 0.5% to $1,059.01 after the company reported better than expected results for the fiscal fourth quarter ending on September 3.
Revenue soared to $54.2 billion from $11.3 billion, net income surged to $37.7 billion from $3.2 billion, and diluted earnings per share advanced to $32.87 from $2.83 a year ago.
Data center SSD revenue surged more than 10 times year-over-year to nearly $10 billion, capitalizing on massive demand for AI infrastructure.
Management highlighted that immense demand for HBM, DRAM, and storage products is tightening memory supply, a constraint expected to persist through fiscal years 2027 and 2028.
Micron provided robust guidance for the first quarter of fiscal 2027, projecting revenue of $61.5 billion and GAAP earnings per share of $37.84, well ahead of consensus expectations.
Oct 1, 2026 -
BlackBerry Ltd. jumped 2.1% to $8.39 after the software company reported better-than-expected results for the fiscal second quarter ending in August.
Revenue increased 26% to $163.3 million from $129.6 million, net income advanced to $33.9 million from $13.3 million, and diluted earnings per share rose to 5 cents from 2 cents a year ago.
Management previously guided revenue in the second quarter to range between $137 million and $148 million, alongside adjusted earnings per share of 3 cents to 4 cents.
The company guided fiscal third quarter revenue to range between $143 million and $154 million, operating cash flow between $20 million and $30 million, and adjusted basic earnings per share between 4 cents and 5 cents.
The company's QNX segment, which develops a real-time operating system for robotics, medical devices, and aerospace and railways, increased revenue by 27% to $80.3 million.
Operating cash flow for the second quarter was $29.3 million, an improvement of $25.9 million from the $3.4 million cash in the prior-year quarter, and the company ended the second quarter with $447.1 million in cash and investments.
Sep 24, 2026 -
KB Home declined 1.4% to $47.91 after the home builder lowered its margin outlook as housing conditions worsen.
Rising mortgage rates, persistent inflation, and a decade-high level of resale housing inventory have increasingly pressured net orders and caused home buyers to display heightened caution.
Revenue in the fiscal third quarter ending in August declined 20% to $1.3 billion from $1.6 billion, net income plunged to $65.3 million from $109.8 million, and diluted earnings per share dropped to 85 cents from $1.61 a year ago.
Homes delivered increased 19% to 2,732 units, and the average selling price declined to 473,000 from $475,000 a year ago.
Net new orders in the quarter increased 12% to 2,604 units, driving the ending backlog higher for the first time in four years. Unit home backlog increased 2% to 4,398, and backlog value increased 3% to $2.05 billion.
The combined pressure of rising resale supply, higher land/direct costs, and targeted local price adjustments caused KB Home's housing gross profit margin to compress to 16.5%, down from 18.2% a year ago.
The company guided its home deliveries in the fiscal fourth quarter to range between 3,000 and 3,500, housing revenue to fall between $1.45 billion and $1.65 billion, and housing gross margin to ease between 16.0% and 16.6% assuming no inventory-related charges.
The home builder narrowed its full-year sales guidance and lowered its fiscal fourth quarter outlook, dialing back its anticipated average selling price to approximately $480,000 from $500,000 and lowering expected gross margins due to weaker demand and regional mix pressures.
The executive, during a call with investors, detailed persistent margin headwinds stemming from rising material inflation, fuel surcharges, and escalating local fees.
Furthermore, resale housing inventory has reached its highest level in a decade, forcing more aggressive builder pricing concessions and threatening near-term volume growth.
Sep 23, 2026
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