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Investigation launched into Ingram Micro over $20M charges affecting 2024 earnings and stock price drop

Market News
30 Apr 2026
PRNewsWire
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Bearish
pluang ai news

Pomerantz LLP is investigating whether Ingram Micro and some of its executives engaged in securities fraud related to charges exceeding $20 million disclosed in its 2024 financial results. These charges included over $9 million in inventory write-offs that impacted the company's gross margin, operating income, and stock-based compensation following its October 2024 IPO. After this announcement, Ingram's stock price fell by 5.53% on March 5, 2025. The investigation could lead to a class action lawsuit if wrongdoing is found.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

Market News
Bullish
2 hours ago
Immuron reports FY26 sales growth with 10% rise in Australia and strong gains in Canada and the US.

Immuron reports FY26 sales growth with 10% rise in Australia and strong gains in Canada and the US.

Immuron Limited announced a 6% increase in global sales for FY26, reaching AUD$7.7 million, driven by a 10% rise in Australian sales and significant growth in Canada and the US markets. The growth in Australia is attributed to enhanced digital market...

Company Fundamentals
Bullish
4 hours ago
Ragnarok: The New World MMORPG launches in Southeast Asia on July 16, 2026.

Ragnarok: The New World MMORPG launches in Southeast Asia on July 16, 2026.

GRAVITY Co., Ltd. has officially launched Ragnarok: The New World, an open-world MMORPG based on the popular Ragnarok IP, in Southeast Asia on July 16, 2026. The game is available on both Mobile (Google Play and Apple App Store) and PC (official webs...

Others
Bullish
4 hours ago
Zymeworks to report Q2 2026 results on August 6, no earnings call due to Theravance Biopharma acquisition plans

Zymeworks to report Q2 2026 results on August 6, no earnings call due to Theravance Biopharma acquisition plans

Zymeworks Inc. will release its second quarter 2026 financial results after market close on August 6, 2026. The company will not hold an earnings call following the release due to its pending acquisition of Theravance Biopharma. This acquisition will...

Company Fundamentals
Neutral
4 hours ago
Global Net Lease to release Q2 2026 results on August 5, with a conference call on August 6.

Global Net Lease to release Q2 2026 results on August 5, with a conference call on August 6.

Global Net Lease, Inc. announced it will release its financial results for the second quarter ending June 30, 2026, on August 5 after the NYSE closes. The company will hold a conference call and webcast on August 6 at 11:00 a.m. ET to discuss the res...

Company Fundamentals
Neutral
4 hours ago
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