Mumbai, 11 November 2026: US stock markets saw mixed corporate developments on Wednesday, November 11, 2026, as investors reacted to quarterly earnings, revised financial forecasts, acquisition updates and shareholder return announcements. Several companies reported results that exceeded analyst expectations, while others faced pressure from weaker profitability, revenue shortfalls and financial challenges. CoreWeave and Fossil Group recorded notable gains, whereas BrightView and Neuronetics declined. Meanwhile, Costco announced a $30 special dividend and reauthorized a $4 billion share repurchase programme.
Coreweave Shares Jump 23.5% After Q3 Revenue Beat and Full-Year Outlook Upgrade
CoreWeave (CRWV) shares surged on Wednesday after the AI cloud infrastructure provider reported better-than-expected third-quarter revenue and raised its full-year revenue guidance, supported by strong demand for artificial intelligence computing capacity.
The company reported third-quarter revenue of $3.66 billion, exceeding Wall Street estimates of $3.56 billion, according to Bloomberg data. Its loss per share came in at $1.27, narrower than analysts’ expectations of $1.46. CoreWeave raised its 2026 revenue forecast to between $13 billion and $13.3 billion, compared with its previous guidance of $12 billion to $13 billion.
The company also highlighted $9 billion in customer prepayments and deposits expected over the following three months, reflecting demand for its computing infrastructure.
During the earnings call, co-founder and CEO Michael Intrator said demand for computing capacity was growing faster than the company’s ability to deliver infrastructure. He also pointed to expanding margins on additional customer contracts.
CoreWeave shares were trading at $60.18, up $11.45 or 23.50%, as of 11:14:44 AM EST on November 11, 2026. The stock opened at $55.97, compared with the previous close of $48.73. It recorded a high of $60.52 and a low of $53.81 during the session.
The latest gains followed a difficult month for the stock, during which it had declined more than 40% amid concerns about AI financing, rising bond yields and the company’s debt-heavy balance sheet.
Fossil Group Shares Jump 28% as Q3 Profit Beats Estimates and 2026 Guidance Rises
Fossil Group (NASDAQ: FOSL) shares surged on Wednesday after the watch and accessories manufacturer reported better-than-expected third-quarter 2026 earnings and revenue, alongside improved profitability and higher full-year financial guidance.
The company reported adjusted earnings of $0.19 per share, compared with analysts’ expectations for a loss of $0.10 per share. Revenue reached $271.2 million, exceeding the consensus estimate of $248.88 million. Fossil also returned to year-over-year sales growth for the first time in four years and posted net income of $11.7 million, compared with a net loss in the corresponding period last year.
Fossil’s gross margin increased by 10.9 percentage points year over year to 59.9%. The improvement reflected lower minimum royalty payments on licensed brands, a higher proportion of full-price sales and better supply chain operations.
Following the quarterly results, the company raised its full-year 2026 revenue guidance to $980 million-$990 million, compared with the previous analyst consensus of approximately $966 million. It also increased its adjusted operating margin forecast to 5.5%-6.5%, from the earlier range of 4%-6%. CEO Franco Fogliato said the company’s operational turnaround was progressing approximately 18 months ahead of its original schedule.
Separately, Fossil extended its Diesel licensing agreement through 2032 and its partnership with brand ambassador Nick Jonas through 2028.
Fossil shares were trading at $10.07, up $2.20 or 28.02%, as of 11:20:05 AM EST on November 11, 2026. The stock opened at $9.72, compared with the previous close of $7.87, and recorded a high of $10.55 and a low of $9.18 during the session.
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BrightView Shares Plunge 15.5% as Q4 Revenue and Earnings Miss Analyst Estimates
BrightView Holdings (NYSE: BV) shares declined sharply on Wednesday after the landscaping services company reported weaker-than-expected fiscal fourth-quarter 2026 earnings and revenue, alongside a full-year outlook that fell short of analyst expectations.
The company reported adjusted earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.25 and declining from $0.27 in the year-ago quarter. Quarterly revenue fell 3.6% year over year to $677.3 million, below analysts’ estimates of approximately $723.5 million.
BrightView posted adjusted EBITDA of $100.3 million, missing the consensus estimate of $113.3 million. Its operating margin declined to 4.9% from 7.9% in the corresponding quarter last year. The company reported fiscal fourth-quarter net income of $8.3 million, while its adjusted earnings excluded one-time items.
For fiscal 2027, BrightView projected revenue of $2.54 billion to $2.72 billion, with a midpoint of $2.63 billion, below analysts’ expectations. Adjusted EBITDA guidance stood at $345 million at the midpoint, compared with the consensus estimate of $373.1 million.
CEO Dale Asplund said the company’s Land Maintenance business recorded 3.3% growth in the fourth quarter. Management expects 3%-4% growth in this recurring business during fiscal 2027.
BrightView shares were trading at $9.66, down $1.77 or 15.47%, as of 11:26:19 AM EST on November 11, 2026. The stock opened at $9.73, compared with the previous close of $11.43, and recorded a high of $10.48 and a low of $9.61 during the session.
Astronics Shares Recover 1.1% After Q3 Earnings Beat Despite Weaker Q4 Revenue Outlook
Astronics Corporation (NASDAQ: ATRO) reported record third-quarter 2026 sales and stronger-than-expected earnings, although its weaker-than-anticipated fourth-quarter revenue guidance raised concerns about near-term business performance.
The aerospace and defense technology supplier posted revenue of $271.7 million, up 28.5% year over year. Adjusted earnings reached $1.08 per diluted share, exceeding analysts’ expectations of $0.72. Adjusted EBITDA increased more than 81% to $59.3 million, representing 21.8% of revenue. Net income was $52.2 million, compared with a net loss of $11.1 million in the year-ago quarter.
The Aerospace segment generated record sales of $245.5 million, up 27.4%, while its backlog reached $670 million. The Test Systems segment recorded revenue of $26.2 million, an increase of 40%. Consolidated bookings stood at $271.1 million, with total backlog reaching a record $780 million.
However, Astronics forecast fourth-quarter revenue of $255 million to $275 million, below analysts’ consensus estimate of $273.74 million at the midpoint. Management cited customer scheduling uncertainties and potential supply chain disruptions. The company maintained its 2026 revenue guidance of $1.02 billion to $1.04 billion.
Astronics shares were trading at $62.70, up $0.70 or 1.13%, as of 11:37:37 AM EST on November 11, 2026. The stock opened at $56.86, compared with the previous close of $62.00, and recorded a high of $62.84 and a low of $53.18 during the session.
Spire Global Shares Rise 4.8% as Q3 Revenue Jumps 42% and 2027 Outlook Emerges
Spire Global (NYSE: SPIR) shares gained on Wednesday after the satellite data and analytics company reported 42% year-over-year revenue growth for the third quarter of 2026, alongside improved gross margins and lower cash outflows.
The company generated revenue of $18 million, compared with the year-ago period, driven primarily by increased Space Services data delivery and higher Weather and Climate data sales. Excluding its maritime business, revenue increased 77% year over year. GAAP gross margin improved by 9 percentage points to 46%, while non-GAAP gross margin reached 49%.
Spire reported a net loss of $20.3 million, compared with a loss of $19.7 million in the corresponding quarter last year. Adjusted EBITDA loss narrowed 27% to $8.6 million from $11.8 million. Cash used in operating activities declined 59% year over year to $5 million. The company ended September with $78 million in cash, cash equivalents and marketable securities, while maintaining a debt-free balance sheet.
During the quarter, Spire secured a $33.2 million NOAA task order for satellite-based weather data and a separate two-year contract worth $28 million to advance hyperspectral microwave sounding technology. Its remaining performance obligations stood at $175.4 million as of September 30.
For 2026, Spire expects revenue of $75 million to $80 million and an adjusted EBITDA loss of $27.4 million to $32.4 million. It also introduced preliminary 2027 revenue guidance of $96 million to $106 million.
Spire shares were trading at $9.80, up $0.44 or 4.76%, as of 11:42:54 AM EST on November 11, 2026. The stock opened at $9.50, compared with the previous close of $9.35, and recorded a high of $9.93 and a low of $9.06 during the session.
Western Union Shares Fall 1.95% as California Regulatory Conditions End Intermex Acquisition
Western Union (NYSE: WU) terminated its agreement to acquire International Money Express (NASDAQ: IMXI) after California regulators imposed conditions that the money transfer company considered unacceptable, ending more than a year of efforts to complete the transaction.
The decision followed California’s Department of Financial Protection and Innovation issuing final Conditions of Approval on Monday evening. According to Western Union, the requirements would have necessitated material changes to its business model, agent relationships and long-term strategy.
California had initially approved the acquisition on February 11, 2026, without the disputed conditions and subsequently granted extensions on April 17 and July 31. However, the department withdrew its earlier approval following the second extension.
Western Union said it had secured regulatory approvals from all other relevant jurisdictions, covering 54 states, territories and foreign countries, alongside US merger clearance and change-of-control filings in the UK and Spain. The company also stated that California had not identified any failure to meet legal requirements concerning fraud prevention, money laundering or fair customer access.
CEO Devin McGranahan said the company was disappointed that the transaction could not be completed on acceptable terms but considered termination to be in the best interests of Western Union and its shareholders.
Under the merger agreement, neither company is required to pay the other any termination-related amount. Western Union’s board made the decision following consultations with legal and financial advisers and management.
Western Union shares were trading at $6.81, down $0.14 or 1.95%, as of 12:07:49 PM EST on November 11, 2026. The stock opened at $6.94, matching its previous close, and recorded a high of $6.94 and a low of $6.78 during the session.
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Marsh Shares Fall 0.76% as Firm Agrees to Acquire Investment Advisory Company Wilshire
Marsh (NYSE: MRSH), a professional services firm, has agreed to acquire Wilshire, a global investment advisory, solutions and analytics company, from its owners CC Capital and Motive Partners. Financial terms of the transaction were not disclosed.
CC Capital and Motive Partners acquired Wilshire in 2021. The proposed acquisition by Marsh is expected to close in the first quarter of 2027, subject to regulatory approvals and customary closing conditions.
Wilshire advises on approximately $1.6 trillion in assets and manages $221 billion as of June 30, 2026. Headquartered in the United States, the firm operates internationally and serves institutional investors and financial intermediaries.
During their ownership, CC Capital and Motive Partners modernised Wilshire’s technology infrastructure, invested in product development and completed strategic acquisitions. These included XTP, ParkLexington and Lyxor, which expanded the firm’s alternatives and institutional hedge fund managed accounts offerings.
Wilshire provides investment advisory services, wealth and retirement solutions for defined-contribution plans, and alternatives offerings covering hedge fund managed accounts and private markets. Its CEO, Jason Schwarz, said joining Marsh’s investment business would allow the firm to build on its expanded capabilities and continue providing independent investment insights, solutions and technology-enabled services.
CC Capital founder Chinh Chu said the investment had focused on building on Wilshire’s five decades of expertise and established client relationships while preparing the business for further growth.
Marsh shares were trading at $205.36, down $1.58 or 0.76%, as of 12:17:11 PM EST on November 11, 2026. The stock opened at $204.27, compared with the previous close of $206.94, and recorded a high of $205.94 and a low of $204.27 during the session.
ARKO Petroleum Shares Rise 3.02% After Completing USPP Acquisition, Expanding Wholesale Network
ARKO Petroleum Corp. (NASDAQ: APC) has completed its acquisition of U.S. Petroleum Partners, LLC, adding approximately 280 million gallons of annual fuel volume across around 400 wholesale locations. The transaction represents a 14% increase in APC’s trailing 12-month fuel volumes and expands its wholesale network to approximately 2,500 locations.
The acquired assets include two fuel terminals in Novi, Michigan, and Toledo, Ohio, both connected to the Buckeye Pipeline system. The deal also includes a vehicle fleet that transports more than 80% of USPP’s distributed fuel volumes.
ARKO Petroleum paid approximately $200 million in cash, plus the value of inventory. It also issued around 2 million Class A common shares, valued at approximately $30 million, to be held in escrow. The release of these shares is subject to adjustments based on the acquired business achieving specified EBITDA targets for the 12 months ending December 31, 2027.
The cash consideration was funded through borrowings under APC’s existing credit facilities. Following the acquisition, the company’s net debt-to-adjusted EBITDA ratio is expected to range between 3.0x and 3.5x, within its previously communicated target range of 3.0x to 4.0x.
The acquired business is expected to contribute approximately $30 million in annualised Adjusted EBITDA. Chairman, President and CEO Arie Kotler described the transaction as a significant step in expanding the company’s scale, earnings potential and long-term growth profile.
ARKO Petroleum shares were trading at $15.35, up $0.45 or 3.02%, according to real-time data at 22:54:59. The company supplies approximately 2.2 billion gallons of fuel annually across around 3,900 locations in more than 30 states and the District of Columbia.
Prime Medicine Prices $125 Million Offering at $3.50; Shares Gain 9.5% Today
Prime Medicine Inc. (NASDAQ: PRME) priced its underwritten public offering of 35,714,286 shares of common stock at $3.50 per share, targeting approximately $125 million in gross proceeds before deducting underwriting discounts, commissions and offering expenses. The biotechnology company announced the pricing on Tuesday, November 10, according to a press release.
The company also granted underwriters a 30-day option to purchase up to an additional 5,357,142 shares. If fully exercised, the option would increase the total number of shares offered. All shares in the transaction are being sold by Prime Medicine, rather than existing shareholders.
The offering is expected to close on or about November 12, 2026, subject to customary closing conditions. Jefferies, TD Cowen and Goldman Sachs & Co. LLC are serving as joint book-running managers, while Oppenheimer & Co. and LifeSci Capital are acting as passive book-running managers.
The shares are being offered under a shelf registration statement on Form S-3ASR filed with the US Securities and Exchange Commission on November 7, 2025. The registration statement was subsequently amended and declared effective on March 4, 2026.
Prime Medicine develops gene-editing therapies using its Prime Editing platform technology, with therapeutic programmes spanning liver, lung, immunology and oncology.
Meanwhile, Prime Medicine shares were trading at $4.27, up $0.37 or 9.50% from the previous closing price of $3.90, as of 12:51:45 PM EST on November 11, 2026. The stock opened at $3.93 and recorded a high of $4.34 and a low of $3.80 during the session. Trading volume stood at 9,114,946 shares, compared with an average volume of 4,169,209 shares.
Neuronetics’ $30 Million Offering at $1.60; Shares Fall 15.42% Amid Debt Concerns
Neuronetics Inc. (NASDAQ: STIM) priced its underwritten public offering of 18,750,000 common shares at $1.60 apiece, targeting approximately $30 million in gross proceeds before underwriting discounts, commissions and other offering expenses. The company announced the pricing in a press release on November 10, 2026.
Neuronetics also granted underwriters a 30-day option to purchase up to an additional 2,812,500 shares at the offering price, less applicable underwriting discounts and commissions. The offering is expected to close on or about November 12, subject to customary closing conditions.
The company intends to use part of the net proceeds to repay a portion of its outstanding term loan under its credit agreement with Perceptive Credit Holdings IV, LP. The remaining funds will support general corporate purposes, including sales and marketing, research and development, potential acquisitions, inventory purchases and working capital.
The capital raise follows Amendment No. 6 to the company’s credit facility, entered into on November 5. The amendment provides for reductions in certain revenue covenants, subject to conditions that include a minimum $15 million prepayment, along with accrued interest, early prepayment fees, amendment fees and other costs. If the conditions are not satisfied or waived by November 30, the amendment will automatically terminate.
Neuronetics stated that satisfying the amendment conditions would resolve the going concern risk referenced in its recent Form 10-Q filings. William Blair is leading the offering, with BTIG and Canaccord Genuity serving as additional bookrunners.
Meanwhile, Neuronetics shares were trading at $1.70, down $0.31 or 15.42% from the previous close of $2.01, as of 1:14:35 PM EST on November 11. The stock opened at $1.63 and recorded a session high of $1.73 and a low of $1.51. Trading volume reached 5.77 million shares, compared with an average volume of 1.28 million.
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Hagerty Upsizes Secondary Offering to 10 Million Shares at $14.85; Stock Falls 2.57%
Hagerty Inc. (NYSE: HGTY) announced the pricing of an upsized secondary offering of 10 million shares of its Class A common stock at $14.85 per share. The shares are being sold by Hagerty Holding Corp. (HHC), the company’s selling stockholder, according to a press release issued on November 10, 2026.
The offering was increased from the initially announced 9 million shares. HHC also granted underwriters a 30-day option to purchase up to an additional 1.5 million shares at the same offering price. The transaction is expected to close on or about November 12, 2026, subject to customary closing conditions.
Hagerty will not receive any proceeds from the offering, as the shares are being sold entirely by HHC. The selling stockholder will bear the underwriting discounts and commissions. HHC intends to use the net proceeds to redeem a corresponding number of its own shares for the benefit of the Kim Hagerty Revocable Trust.
J.P. Morgan and Wells Fargo Securities are serving as representatives of the underwriters and lead book-running managers. BMO Capital Markets, Citizens Capital Markets, Keefe, Bruyette & Woods, and Oppenheimer & Co. are acting as additional book-running managers.
The transaction follows another secondary offering by HHC in September 2026, when it sold 8.25 million shares, according to the supplied market report.
Hagerty shares were trading at $16.51, down $0.44 or 2.57% from the previous close of $16.94, as of 1:23:24 PM EST on November 11. The stock opened at $15.80 and recorded a high of $16.52 and a low of $15.60 during the session. Trading volume reached approximately 5.98 million shares, compared with an average volume of 437,617 shares.
Costco Declares $30 Special Dividend and Reauthorizes $4 Billion Share Buyback
Costco Wholesale Corporation (NASDAQ: COST) declared a special cash dividend of $30 per share on its common stock and reauthorized a $4 billion share repurchase programme, according to an announcement published on November 11, 2026. The buyback authorization has an expiration date in January 2030.
The one-time dividend represents an additional cash distribution to shareholders beyond the company’s regular dividend payments. Unlike a recurring dividend increase, the special payout does not establish a higher ongoing dividend commitment. The announcement also includes a long-term share repurchase authorization, allowing Costco to continue returning capital to shareholders through stock buybacks.
The $4 billion repurchase programme provides a framework for future share purchases through January 2030. The company operates membership-based warehouse clubs across North America, Europe and Asia, with its business model centred on high-volume sales, limited product assortments and membership income.
Costco’s capital return announcements come as the retailer continues to focus on warehouse expansion, membership fee income and ancillary services. Its ability to support future shareholder distributions will also depend on cash generation, operating performance and spending requirements associated with its expansion plans.
Costco shares were trading at $1,075.65, up $9.51 or 0.89% from the previous closing price of $1,066.14, as of 1:40:39 PM EST on November 11, 2026. The stock opened at $1,081 and recorded a high of $1,091.92 and a low of $1,071.34 during the session. Trading volume stood at 1,153,363 shares, compared with an average volume of 2,182,425 shares.
Grocery Outlet Beats Q3 Earnings Estimates; Comparable Sales Rise 0.5%, Shares Fall 8.77%
Grocery Outlet Holding Corp. (NASDAQ: GO) reported third-quarter fiscal 2026 results that exceeded Zacks Consensus Estimates for both earnings and revenue, supported by improving customer traffic, stronger merchandising and positive comparable-store sales. Net sales increased 0.9% year over year to $1,178.3 million from $1,168.2 million, surpassing the consensus estimate of $1,170 million.
Adjusted earnings came in at 16 cents per share, above the estimated 15 cents, although down 23.8% from 21 cents in the year-ago quarter. Comparable-store sales increased 0.5%, reversing the 0.3% decline recorded in the second quarter. The improvement reflected a 2.4% increase in transactions, partly offset by a 1.9% decline in average transaction size.
However, profitability remained under pressure. Gross profit declined 0.6% to $353 million, while gross margin contracted 40 basis points to 30%. Higher promotional spending, transportation expenses and produce shrink associated with the Cyclospora outbreak contributed to the decline. Adjusted EBITDA fell 10.9% to $59.4 million.
During the quarter, Grocery Outlet opened 14 stores without any closures, ending the period with 561 locations across 16 states.
The company raised its fiscal 2026 comparable-store sales growth outlook to 0.2%-0.4%, compared with its previous expectation of flat to a 0.5% decline. It maintained net sales guidance of $4.70-$4.72 billion while narrowing adjusted EBITDA guidance to $225-$229 million.
Meanwhile, Grocery Outlet shares traded at $12.79, down $1.23 or 8.77% from the previous close of $14.02, as of 1:06:04 PM EST on November 11. The stock opened at $12.52 and recorded a session high of $13.22 and a low of $12.52. Trading volume reached approximately 2.55 million shares.
Alcon Beats Q3 EPS Estimates at $0.91 but Revenue Misses; Shares Decline 2.78%
Alcon Inc. (NYSE: ALC) reported third-quarter 2026 core diluted earnings of $0.91 per share, exceeding the Wall Street consensus estimate of $0.8779. However, revenue of $2.72 billion came in slightly below the estimated $2.73 billion, as the eye-care company faced competitive pressure in its implantables business.
Revenue increased 5% year over year in constant currency, while core diluted earnings per share rose 15% from the year-ago quarter. Core gross margin expanded 280 basis points to 65.7%, supported by tariff refunds and manufacturing efficiencies. Core operating income reached $591 million, representing 21.8% of sales.
Performance varied across business segments. Equipment sales increased 11% to $269 million, contact lens revenue rose 5% to $737 million, and ocular health sales advanced 8% to $500 million. However, implantables revenue declined 2% to $422 million, reflecting competitive pressure in the US premium intraocular lens market.
Alcon reaffirmed its full-year 2026 outlook, expecting approximately 6% sales growth and 12%-14% growth in core diluted EPS. The company also highlighted upcoming product launches, including Vivity Pro, BRYTLY and UNITY M, alongside the addition of ENCELTO to its retinal therapy portfolio.
Chief Executive David Endicott said the company remained on track to achieve its annual targets, citing product innovation and clinical evidence as important growth drivers.
Meanwhile, Alcon shares traded at $72.00, down $2.06 or 2.78% from the previous close of $74.06, as of 1:29:33 PM EST on November 11. The stock opened at $71.70 and recorded a high of $72.34 and a low of $70.34 during the session. Trading volume reached approximately 3 million shares, compared with an average volume of 1.76 million shares. Wednesday’s market session saw sharp share price movements as companies reported quarterly results, revised financial outlooks, announced acquisitions and outlined capital-raising plans. CoreWeave and Fossil Group recorded significant gains following earnings beats and stronger guidance, while BrightView and Neuronetics declined amid weaker results and financial concerns. Costco announced a $30 special dividend and a $4 billion buyback, while Alcon and Grocery Outlet faced share price declines despite beating earnings estimates.
