Nike pops on Q1 earnings beat and surprise revenue jump

Nike was trading as much as 3.7% higher early on Wednesday after the company topped first-quarter estimates after the bell on Tuesday.

Adjusted earnings per share came in at $0.49, nearly double the $0.27 expected by Wall Street. Revenue rose to $11.7 billion, also handily beating analyst forecasts of $11 billion, suggesting that the company’s turnaround plan is beginning to bear fruit in both footwear and apparel, which beat consensus estimates by 6% and 13%, respectively. Wholesale revenues rose 7% to $6.8 billion.

On Friday, the sneaker giant rolled out its first collaboration with Kim Kardashian’s Skims, betting that the brand’s popularity and star power will help expand its female customer base.

Ahead of earnings, Nike shares were down over 5% year to date.

More Markets

See all Markets

Luke Kawa8m

POET Technologies jumps after receiving $5 million order for its optical engines from a “leading systems integrator”

POET Technologies is soaring after the optical communications company announced that it has received a more than $5 million order for its POET Infinity optical engines from “a leading systems integrator that will manufacture and sell optical transceiver modules.”

This serves to validate some of the recent retail interest in the company, which is looking to carve out a niche in the AI boom with a suite of offerings that aim to speed the transmission of data in data centers.

POET has generated under $2 million in revenues since the end of 2018, so the order will singlehandedly serve as a massive inflection point for its top line. Management expects to ship these optical engines in the second half of next year.

“I think we’re starting to not be a pre-revenue company soon, and I think as we get into that phase of our business, things will be even better than they are today,” POET Executive Chairman and CEO Dr. Suresh Venkatesan recently told Sherwood News.

Luke Kawa60m

Retail traders are pressing bets on potential short squeeze targets, sending 1-800-Flowers and Krispy Kreme soaring

Spurred by the parabolic surge in shares of Beyond Meat in recent sessions, traders are aggressively looking for potential short squeeze targets with a number of buyer’s binges in the works.

1-800-Flowers.com spiked double digits late in Tuesday’s session, with the gains coming on the heels of a since deleted tweet from a prominent social media account calling attention to a company with high short interest, high insider ownership, and low near-term debt — without even mentioning its name or ticker! Shares are continuing to build on that advance in the premarket on Wednesday, up 20% as of 7:37 a.m. ET. The company is the most heavily shorted member of the Russell 3000, per exchange data, with about three-quarters of its float sold short.

He didn't even list the ticker and this tweet sent the stock up 25% in 30 minutes. It's suicidal to be shorting stuff with high short interest. https://t.co/Xwh4rhW6Nb
— Farmer (@SowingAlphaSeed) October 21, 2025

Krispy Kreme, which enjoyed a run as a meme stock in late July, is also up about 20% in premarket trading and is among the 25 most heavily shorted companies in the Russell 3000. The stock soared on Tuesday as call volumes spiked, and it hasn’t had any major fundamental news to speak of — unless you count the announcement of its seasonal “Frankendough Dozen” deal (I don’t).

GE Vernova rises as backlog expands, despite earnings miss

Revenue topped estimates, while profit fell short.

Matt Phillips1h

Claire Yubin Oh & Luke Kawa2h

AST SpaceMobile drops after announcing new share issuance and plans to raise more debt

AST SpaceMobile is down in premarket trading on Wednesday after the space-based cellular broadband network company announced that it’s refinancing by issuing more shares and raising more debt.

Most notably for shareholders is that these plans include dilution to the tune of about 2 million shares at $78.61 per share, with the proceeds being used to buy out $50 million out of $100 million in senior convertible notes due in 2032, which have a coupon of 4.25%, from their holders.

Separately, the company also announced an offering of convertible senior notes that was quickly upsized to $1 billion, which will have a coupon of 2% and are due in 2036. These notes have an initial conversion price of about $96.30 per share, more than 20% above where shares closed on Tuesday. There’s the potential for an additional $150 million of these notes to be issued.

If the full initial $1 billion of notes were converted to shares, this would notionally add around 10.4 million shares to the company’s shares outstanding (274.6 million as of the latest count, per Bloomberg).

AST SpaceMobile said it would be able to settle conversions of the notes through cash or stock, or a combination thereof, and plans to use the proceeds for general corporate purposes and “funding the deployment of AST SpaceMobile’s worldwide constellation of satellites.”

So, in sum: more shares, more overall debt, the potential for additional shareholder dilution going forward in light of this addition of convertible notes, but less debt in 2032 that had a higher coupon than these new notes.

Tom Jones4h

Texas Instruments slumps on disappointing Q4 revenue and profit outlook

Texas Instruments is down a little over 8% in premarket trading as investors react to the weaker-than-expected fourth-quarter guidance the company gave in its Q3 earnings yesterday.

The world’s biggest analog chipmaker said that Q4 revenue would come in between $4.22 billion and $4.58 billion, where analysts had expected $4.5 billion on average, per Bloomberg. TI’s profit forecast for the period also disappointed, after the company said that earnings would be in the region of $1.13 to $1.39 per share, compared to reported Wall Street estimates of $1.41.

While its actual third-quarter numbers were broadly solid all told, with adjusted EPS at $1.59 meeting expectations, the Q4 outlook is a clear signal to some that recovery will likely be a little more sluggish than they expected. As the company’s CEO, Haviv Ilan, put it on an analyst call:

“The overall semiconductor market recovery is continuing, though at a slower pace than prior upturns, likely related to the broader macroeconomic dynamics and overall uncertainty.”

Texas Instruments counts more customers than anyone else in the semiconductor business and has a broader range of products, too, making it something of a bellwether for the industry more broadly, with its softer outlook weighing modestly on stocks like Analog Devices, AMD, and Intel.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.