Shares of Argan Inc ( AGX ) shares are trading higher after the company reported a fourth-quarter FY24 sales growth of 38.5% year-on-year to $164.55 million, beating the analyst consensus estimate of $161.6 million. Gross profit for the quarter increased 18% to $23.6 million and the profit margin contracted by 250 basis points to 14.4%. Selling, general and administrative expenses increased by 13.3%...

11:08 AM EDT, 04/12/2024 (MT Newswires) -- ContextLogic ( WISH ) said Friday it has postponed its special meeting of stockholders to provide time to solicit additional votes for its proposed asset sale to Qoo10. The meeting will reconvene on April 18, the company said. ContextLogic ( WISH ) said about 97% of the shares voted favored the asset sale...

Nio, Inc. ( NIO ) shares are trading lower Friday after Ohio Senator Sherrod Brown called for a ban on imports of China-made EVs to the US.  The Details: Senator Brown sent a letter to President Biden on Thursday, urging him to ban the sale of Chinese EVs in the United States.  Chinese EVs, highly subsidized by the Chinese government,...

11:02 AM EDT, 04/12/2024 (MT Newswires) -- Johnson Controls ( JCI ) said Friday that its Tyco Fire Products unit has agreed to a $750 million settlement with a nationwide class of public water systems over alleged contamination from PFAS chemicals related to certain products made by the company. The settlement releases these claims against Tyco, Chemguard, and other related...