2U Inc ( TWOU ) shares are trading lower by 61% to $1.58 during Thursday’s session after the company filed for Chapter 11 bankruptcy to facilitate a Restructuring Support Agreement. 2U announced it has initiated a financial restructuring to improve its balance sheet and support its mission of expanding global access to education. The company entered into a Restructuring Support...

July 25 (Reuters) - Mexico's Cemex, one of the world's largest cement producers, reported a slight dip in its second-quarter net profit on Thursday, mainly due to currency exchange losses stemming from a weaker Mexican peso. Cemex posted a $230 million net profit for the April-to-June period, slightly lower than the year-ago period. Like many Mexican firms operating abroad, Cemex...

Garrett Motion Inc ( GTX ) shares are trading lower after the company reported second-quarter FY24 sales of $890 million, missing the consensus of $975.5 million. Revenues declined 12% Y/Y (-10% Y/Y at constant currency) due to demand softness in gasoline, diesel and commercial vehicles applications. Gross profit was $185 million, compared to $202 million last year, with a gross profit margin of 20.8% vs. 20.0% a year...

12:55 PM EDT, 07/25/2024 (MT Newswires) -- CBRE Group's ( CBRE ) share were up nearly 12% in recent Thursday trading after Raymond James raised price target to $124 from $122 following the firm's better-than-expected Q2 results. The commercial real estate company reported Q2 core earnings Thursday of $0.81 per diluted share, down from $0.82 a year earlier, but well...