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ATS misses Q1 revenue guidance, shares plunge 26% amid cost-cutting plan

Market News
17 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

ATS Corporation reported Q1 fiscal 2027 revenue of C$693.7 million, falling short of its guidance range of C$700 million to C$740 million. The revenue miss, down 5.8% year over year, was attributed to lower order backlog and reduced automotive work. Following the results, ATS announced an 18-month fixed-cost transformation program to address cost pressures. The stock dropped over 26%, and an investigation is underway to determine if the company adequately disclosed risks to investors when issuing its guidance.

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Okta stock surges on strong Q1 earnings and AI-driven growth

Okta stock surges on strong Q1 earnings and AI-driven growth

Okta reported better-than-expected Q1 results with EPS of $1.05 and revenue of $805 million, driven by high demand for AI security solutions. The company’s new AI products now account for 30% of total bookings, fueling growth in the competitive cyber...

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Shares of Cre8 Enterprise Limited (CRE) surged nearly 165% after reporting a record 550 customers and a 482% rise in IPO filings in H1 2026. Abercrombie & Fitch (ANF) jumped over 35% following stronger-than-expected quarterly results and raised guida...

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Stocks fall as Greenland Mines plans $20M offering, Qfin reports weak Q2, and Spyre's trial data disappoints

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Greenland Mines Ltd. shares dropped nearly 50% after announcing a $20 million public offering, raising dilution concerns. Qfin Holdings saw an 18.9% decline following weaker Q2 revenue and sharply lower profits despite beating earnings expectations. ...

Market News
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Box COO Olivia Nottebohm sells 5,834 shares for $188,500

Box COO Olivia Nottebohm sells 5,834 shares for $188,500

Olivia Nottebohm, Chief Operating Officer of Box, sold 5,834 shares of the company, generating $188,500 from the transaction. This insider sale could indicate personal financial planning or a shift in confidence, but without further context, its impa...

Market News
Neutral
4 hours ago
J.M. Smucker posts strong Q1 with 71% earnings jump; BTIG keeps Buy rating and raises price target.

J.M. Smucker posts strong Q1 with 71% earnings jump; BTIG keeps Buy rating and raises price target.

J.M. Smucker reported a strong first quarter with adjusted earnings of $3.24 per share, a 71% increase year-over-year, and revenue of $2.2 billion, beating analyst expectations. The company showed robust financial health with free cash flow of $337.3...

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Bullish
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