The Cato Corporation reported a significant drop in net income to $1.1 million in Q2 2026, down from $6.8 million the previous year, driven by a 6% decrease in sales primarily due to a 3.7% decline in same-store sales. The company cited ongoing pressure on consumer discretionary income from inflation, high fuel prices, and elevated interest rates as key challenges. Gross margin also fell due to lower merchandise margins and higher occupancy costs. Cato closed eight stores in the quarter and expects continued challenges in the latter half of 2026, planning to manage expenses and inventory tightly.
Evolution Petroleum reported a fiscal Q4 adjusted loss of $0.02 per share, missing the $0.01 estimate, but revenue rose 15% to $24.21 million, beating expectations. GAAP net income was $4.61 million, up from $3.41 million a year earlier, helped by un...
Shares of Future FinTech Group (FTFT) dropped 28.61% after reversing previous gains, following a recent reverse stock split. Swarmer (SWMR) declined 28.36% as its post-IPO lock-up period expired, increasing potential share supply. Enova International...
Veea Inc. shares surged 149.34% following the announcement of a potential business combination with NovaGen Group B.V. The deal aims to create NovaGen Health Networks, merging Veea's AI edge-computing tech with NovaGen's regenerative medicine. GeoNov...
Injective's real-world asset (RWA) perpetual markets have reached $214.9 million in trading volume over the past 30 days, marking a 3.4x increase since May 2026. These perpetual contracts allow traders to hold leveraged positions on equities, commodi...
Ripple has signed a multi-year partnership with the University of Louisville to place the XRP logo permanently on the basketball court at the KFC Yum! Center, home to both men’s and women’s basketball teams. The deal includes additional branding acro...
