Cal-Maine Falls 3.87% on Q1 Loss; HPE Rises 5.62% on $1.2B AI Order; Jabil Drops 6.68%; FingerMotion Jumps 30% on $2.3M Deal

Mumbai, Oct 1: US-listed companies remained in focus on 30 September 2026 as investors reacted to a series of earnings reports, acquisitions, partnerships, customer contracts and fundraising plans. Share-price movements varied across sectors, with AI infrastructure, technology, food, financial services, healthcare and defence companies all making headlines. From sharp stock declines despite earnings beats to gains following major business deals, several corporate announcements drove notable market activity during the session.  

Cal-Maine Foods Shares Fall 3.87% as Q1 Loss Widens on Egg Price Slump 

Cal-Maine Foods shares were under pressure on Wednesday after the company reported a wider-than-expected fiscal first-quarter loss and weaker revenue. The stock opened at $63.50, compared with Tuesday’s close of $68.55, and had traded between a high of $68.15 and a low of $63.50 by the time of the latest intraday data. At $65.90, shares were down 3.87% so far in the session.  

The decline came after Cal-Maine reported a $1.26 loss per share and $539.6 million in revenue, missing analyst expectations of a $0.77 loss and $561.6 million in revenue.  

The company posted a $58.6 million net loss, compared with net income of $199.3 million a year earlier, while revenue fell 41.5%. The sharp deterioration was largely linked to lower conventional egg prices amid increased industry supply. Conventional egg sales fell 60%, with volumes roughly flat but selling prices significantly lower.  

Cal-Maine’s specialty eggs and prepared foods accounted for more than half of quarterly sales, highlighting the company’s efforts to reduce its reliance on conventional egg prices. Management also plans to increase prepared-food capacity by more than 60% through the first half of fiscal 2028.  

FingerMotion Shares Rise 30% as $2.3 Million Alberta Power Site Deal Advances 

FingerMotion Inc shares were trading at $0.18, up about 30% from the previous close of approximately $0.14, with the US market still open on 30 September. The stock opened at $0.16 and has so far touched a high of $0.21 and a low of $0.15. 

The rise follows the technology company’s agreement to acquire 100% of Newbit Technology Inc. for $2.3 million in cash on a cash-free, debt-free basis. Newbit holds the surface tenure, development permits and infrastructure linked to a 9.9 megawatt behind-the-meter site in Newell County, Alberta, known as Brooks Campus #1. 

FingerMotion previously paid a $230,000 deposit, with another $230,000 due when the agreement was executed. The remaining approximately $1.84 million is payable at closing, which is targeted by 29 October 2026. 

The acquisition includes a surface lease, development permit, pipeline infrastructure, environmental approvals and fixed civil works. Generating equipment and movable plant are excluded and will be removed before closing. 

Completion remains subject to consent for the change of control, confirmation that the assets are free of encumbrances and a new gas supply agreement with Pivotal Energy Partners. 

The company is developing a North American behind-the-meter power and compute programme in Alberta. 

Jabil Shares Fall 6.68% Despite Q4 Earnings Beat and Higher Fiscal 2027 Outlook 

Jabil Inc. shares fell sharply on Wednesday as the US market remained open, despite the electronics manufacturer reporting fourth-quarter earnings and revenue above analyst expectations and issuing a stronger fiscal 2027 outlook. 

Jabil (NYSE: JBL) was trading at $297.58, down 6.68% from its previous close of $318.84. The stock opened at $306.00 and has so far touched a high of $328.00 and a low of $293.16, showing significant volatility during the session. 

The decline follows Jabil’s fiscal fourth-quarter results, with adjusted earnings of $4.40 per share, ahead of the $4.06 analyst estimate. Revenue reached $10.62 billion, compared with Wall Street expectations of about $9.66 billion. 

Jabil expects fiscal 2027 adjusted earnings of $17.55 per share, above the consensus estimate of $16.92, while full-year revenue is projected at $44.5 billion, compared with the $42.93 billion consensus. 

The company expects revenue to grow 24% in fiscal 2027 and core operating margin to increase by 30 basis points to 6.1%. Adjusted free cash flow is expected to reach approximately $1.6 billion. 

For the fiscal first quarter, Jabil expects adjusted EPS of $3.80–$4.20 and revenue of $10.6 billion–$11.4 billion. Management cited continued AI infrastructure demand alongside growth across automotive, healthcare, energy infrastructure, defence and aerospace, and automation markets. 

Also Read: What Is the New York Stock Exchange (NYSE)?  

Conagra Brands Shares Fall 2.48% Despite Q1 Earnings Beat as Sales Volumes Decline 

Conagra Brands shares fell on Wednesday despite the packaged-food company reporting fiscal first-quarter earnings above analyst expectations, as weaker sales volumes and continued cost pressures weighed on the stock. 

Conagra Brands (NYSE: CAG) was trading at $13.78, down 2.48% from the previous close of $14.13, with the US market still open. The stock opened at $13.99 and has so far touched a high of $14.31 and a low of $13.27. 

Conagra reported adjusted EPS of $0.41, beating the $0.28 analyst forecast. Revenue came in at around $2.6 billion, slightly above the $2.59 billion consensus estimate. However, organic net sales declined 1.1%, while volumes fell 2.1%, partly offset by a 1% increase in price mix. 

Grocery and Snacks organic sales declined 2%, while Refrigerated and Frozen sales fell 1.6%. Food Service performed better, with organic sales rising 3.3%. 

For fiscal 2027, Conagra maintained its outlook for organic sales to decline 1%–3% and adjusted EPS of $1.40–$1.50. It expects adjusted operating margin of 10%–10.5%, while second-quarter organic sales are projected to fall about 2%. 

FactSet Shares Rise 2.45% as AI Growth Drives Q4 Results Above Guidance 

FactSet Research Systems shares gained on Wednesday after the financial data and analytics provider reported stronger fiscal 2026 results and highlighted growing demand for its AI-powered solutions. 

FactSet (NYSE: FDS) was trading at $266.33, up 2.45% from the previous close of $259.97, with the US market still open. The stock opened at $261.99 and has so far moved between a high of $271.31 and a low of $258.50. 

FactSet reported fourth-quarter revenue of $635 million, up 6.3% year on year, while organic revenue growth reached 7.1%. Adjusted diluted EPS rose 11.6% to $4.52, exceeding the $4.35 analyst estimate. 

For fiscal 2026, organic annual subscription value (ASV) growth reached 7%, with $168 million in ASV growth exceeding the company’s guidance range of $130 million–$160 million. AI Solutions ASV added during the year more than doubled, while more than 650 clients were consuming MCP data through subscriptions and trials. 

For fiscal 2027, FactSet expects 5%–6.5% organic ASV growth, revenue of $2.60 billion–$2.625 billion and adjusted EPS of $19.25–$19.65. The company also expects adjusted operating margin to improve to 34.75%–35.25%. 

Yiren Digital Shares Fall 5% So Far Despite Narrower Q2 Loss 

Yiren Digital Ltd shares were trading at $0.95, down 5% from the previous close of $1.00, with the US market still open on 30 September. The stock opened at $0.96 and has so far touched a high of $1.00 and a low of $0.95. 

The decline comes after the financial technology company reported a narrower second-quarter loss, although revenue fell sharply year on year. Yiren Digital posted a net loss of RMB449.6 million, or RMB5.11 per ADS, for the quarter ended 30 June 2026, compared with a RMB494.7 million loss in the previous quarter. 

Revenue declined 46% year on year to RMB890 million ($131.2 million) from RMB1.65 billion. Credit solution revenue fell 48% to RMB777.6 million, accounting for 87% of total revenue, while total loans facilitated dropped 69% to RMB6.3 billion. 

Meanwhile, later-stage delinquency rates improved. The 31–60 day delinquency rate fell to 2.0% from 2.7%, while the 61–90 day rate declined to 2.4% from 3.2%. Insurance brokerage revenue increased 16% year on year to RMB67.3 million. 

Adjusted EBITDA recorded a RMB340.7 million loss, compared with a RMB351.4 million gain a year earlier. The company also has a US$20 million share repurchase programme authorised for the following 12 months. 

Also Read: How to invest in US stocks 

Hormel Foods Shares Rise 0.55% So Far After $1.055 Billion Brakebush Deal 

Hormel Foods Corp shares were trading at $19.96, up 0.55% from the previous close of $19.85, with the US market still open on 30 September. The stock opened at $20.08 and has so far touched a high of $20.22 and a low of $19.76. 

The movement follows Hormel Foods’ announcement of a definitive agreement to acquire Brakebush Brothers for approximately $1.055 billion. The transaction is expected to close in the first quarter of fiscal 2027, subject to customary closing conditions and regulatory approval. 

Brakebush, founded in 1925 and headquartered in Wisconsin, is a value-added chicken producer serving foodservice customers across national and regional operators. The company generated approximately $1.2 billion in net sales over the last 12 months and operates five production facilities and two research and development laboratories. 

Hormel Foods said the acquisition will expand its position in value-added chicken and strengthen its Foodservice business through Brakebush’s customer relationships, direct sales organisation and category expertise. 

The company expects the deal to generate growth, operational synergies and stronger cash flows. Hormel Foods also expects the acquisition to be accretive to adjusted earnings per share from fiscal 2028. 

Micron Shares Rise 0.69% So Far as AI Demand Drives Earnings Expectations 

Micron Technology shares were trading at $1,072.39, up 0.69% from the previous close of around $1,065.06, with the US market still open on 30 September. The stock opened at $1,076.76 and has so far touched a high of $1,083.50 and a low of $1,064.06. 

The movement comes as Micron prepares to report its fourth-quarter results after the market closes, with investors watching for further evidence of strong demand for memory chips from the artificial intelligence infrastructure build-out. 

Micron’s third-quarter performance highlighted the strength of the cycle, with earnings per share surging 1,214% year on year, while revenue jumped 345%. The company’s shares have also risen sharply, gaining 279% year to date and 587% over the past 12 months as of Tuesday. 

For the fourth quarter, Bloomberg consensus estimates point to earnings of $31.83 per share, up 950% from $3.03 a year earlier. Revenue is expected to reach $51.49 billion, compared with $11.31 billion in the year-ago quarter. 

DRAM revenue is forecast at $38.22 billion, while NAND sales are expected to reach $12.29 billion. Micron is also planning up to $10 billion of investment over 10 years in a new research institution in Boise, Idaho, underscoring its longer-term growth ambitions. 

Peoples Bancorp Shares Fall 5.48% So Far After $728 Million Capital Bancorp Deal 

Peoples Bancorp shares were trading at $36.74, down 5.48% from the previous close of about $38.87, with the US market still open on 30 September. The stock opened at $35.83 and has so far touched a high of $37.01 and a low of $35.40. 

The decline follows the company’s announcement that it will acquire Capital Bancorp in an all-stock transaction valued at approximately $728.1 million. Under the agreement, Capital shareholders will receive 1.11 Peoples shares for each Capital share, implying a value of $43.75 per Capital share based on Peoples’ 20-day volume-weighted average closing price. 

Following the merger, former Capital shareholders are expected to own about 32% of Peoples. The combined company is expected to have approximately $14 billion in assets, $10 billion in loans and $11 billion in deposits, with more than 150 banking locations across eight states and Washington, D.C. 

Capital had approximately $3.9 billion in assets as of 30 June 2026, while Peoples had $9.5 billion. Capital’s fee-based revenue represented about 22% of total revenue in the second quarter, while its Windsor Advantage servicing portfolio stood at $3.4 billion. 

The transaction is expected to be immediately accretive to Peoples’ estimated 2027 earnings before one-time costs, with tangible book value earnback expected within three years. The deal is expected to close in the first half of 2027, subject to regulatory and shareholder approvals. 

Skyworks Shares Fall 3.48% as Qorvo Merger Gains Regulatory Clearance 

Skyworks Solutions Inc shares were trading at $84.82, down 3.48% from the previous close of approximately $87.88, with the US market still open on 30 September. The stock opened at $87.73 and has so far touched a high of $89.71 and a low of $84.45. 

The decline comes despite Skyworks receiving all necessary regulatory clearances to proceed with its merger with Qorvo Inc. The companies expect to complete the transaction on or about 5 October, subject to the satisfaction or waiver of remaining customary closing conditions. 

Skyworks and Qorvo agreed to combine in October 2025 through a cash-and-stock transaction. The merger will bring together their product and technology portfolios in radio frequency, analogue and mixed-signal semiconductors. 

Skyworks had also announced exchange offers for Qorvo’s outstanding 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031. The notes are expected to be exchanged for new Skyworks-issued notes. 

The exchange offers are conditional on the merger closing, although the merger itself does not depend on the outcome of the offers. The offers are currently scheduled to expire at 5:00 p.m. New York time on Thursday. 

Skyworks expects to extend the expiration date beyond the merger closing and pay related consent payments around the completion of the transaction. 

Also Read: US Stock Market Timings 

Trump Media Shares Rise 2.2% as TAE Merger Filing Advances Fusion Deal 

Trump Media & Technology Group shares were trading at $9.30, up 2.2% from the previous close of $9.10, with the US market still open on 30 September. The stock opened at $9.29 and has so far touched a high of $9.47 and a low of $9.22. 

The rise follows TMTG and TAE Technologies filing a Form S-4 registration statement with the US Securities and Exchange Commission for their previously announced all-stock merger. The filing advances the proposed combination, which was agreed in December 2025. 

Under the proposed transaction, TMTG shareholders and TAE stockholders would each own approximately 50% of the combined company on a fully diluted basis. TAE operates businesses focused on fusion energy, power solutions and life sciences. 

The registration statement includes a preliminary proxy statement, prospectus and consent solicitation statement. It has not yet been declared effective by the SEC, meaning securities to be issued in the merger cannot be sold until the registration statement becomes effective. 

The companies currently expect the merger to close in late 2026, subject to shareholder approvals and other closing conditions. 

Synopsys Shares Rise 4.38% as $1 Billion AWS Silicon IP Deal Boosts Stock 

Synopsys Inc shares were trading at $433.96, up 4.38% from the previous close of approximately $415.75, with the US market still open on 30 September. The stock opened at $421.26 and has so far touched a high of $434.90 and a low of $415.24. 

The rise follows Synopsys signing a multi-year agreement worth more than $1 billion with Amazon Web Services to license its silicon intellectual property. The deal makes AWS the lead customer for Synopsys’ expanded range of application-optimised IP blueprints. 

Synopsys provides electronic design automation software used to develop advanced chips, alongside a silicon IP business that generated $1.75 billion in revenue in its latest fiscal year. The new agreement expands the company’s focus from standard chip components towards customised designs for specific cloud workloads. 

For AWS, the partnership supports its development of in-house processors, including Graviton CPUs and Trainium AI accelerators. The companies have not disclosed which specific AWS chips will use the Synopsys blueprints. 

The agreement also includes Synopsys’ simulation, analysis and agentic AI software within AWS engineering workflows. Synopsys will shift its silicon IP business towards a licence-plus-royalty model, linking future revenue to customer production volumes. 

In addition, Synopsys plans to use AWS cloud computing, storage and Amazon Bedrock to develop internal AI applications and accelerate its tools. 

HPE Shares Rise 5.62% as Vultr Places $1.2 Billion AI Systems Order 

Hewlett Packard Enterprise shares were trading at $64.91, up 5.62% from the previous close of approximately $61.46, with the US market still open on 30 September. The stock opened at $65.76 and has so far touched a high of $67.10 and a low of $63.59. 

The rise follows HPE securing a $1.2 billion order from Vultr for AMD Helios AI Rack systems, which will be deployed at Vultr’s US data centre locations. The order marks HPE’s first for the AMD Helios system and includes HPE Networking scale-up switching and software. 

Vultr will use the systems for AI model training and inference workloads. Each Helios rack integrates 72 AMD Instinct MI455X GPUs with AMD EPYC Venice CPUs, AMD Pensando Vulcano AI networking and AMD ROCm software. 

The racks also include six HPE Juniper Networking QFX5252 scale-up Ethernet switch trays connecting the GPUs. The systems are designed to support trillion-parameter model training and high-volume inference. 

The order builds on the companies’ existing collaboration, including work with Juniper Networks, which is now part of HPE following its acquisition. 

HPE Services will provide deployment support and liquid-cooling expertise for the AI clusters, as demand for high-performance AI infrastructure continues to expand. 

Metallus Shares Rise 1.59% as US Defence Contract Reaches $995 Million 

Metallus Inc shares were trading at $19.12, up 1.59% from the previous close of approximately $18.82, with the US market still open on 30 September. The stock opened at $18.90 and has so far touched a high of $19.34 and a low of $18.88. 

The rise follows Metallus securing a five-year contract from the US Defense Logistics Agency to supply steel for defence applications. The indefinite delivery, indefinite quantity contract has a maximum ceiling of $995 million, although the ceiling does not represent a guaranteed purchase amount. 

Metallus also received an initial delivery order worth approximately $125 million. The company has up to 24 months to fulfil each delivery order issued under the agreement. 

The DLA can place additional orders throughout the five-year contract period, providing Metallus with a potential source of defence-related demand. 

Based in Canton, Ohio, Metallus manufactures specialty metals from recycled scrap metal for industrial, automotive, aerospace, defence and energy markets. Its products include alloy steel bars, seamless mechanical tubing and manufactured components. 

The company employs about 1,850 people and reported sales of approximately $1.2 billion in 2025. The latest contract adds to its work supporting US defence supply requirements with domestically produced steel. 

Also Read: What Are Fractional Shares? 

Accelevation Raises $540 Million in US IPO at $18 Per Share 

Accelevation Holdings and selling shareholders raised $540 million through a US initial public offering, selling 30 million shares at $18 each, below the marketed range of $20 to $24. 

The Miamisburg, Ohio-based data centre infrastructure company sold 10 million shares, while shareholders affiliated with private equity firm Olympus Partners sold 20 million shares. The company is set to debut on Nasdaq on 30 September under the ticker “ACCV”. 

The IPO comes as higher bond yields and tighter financial conditions have weakened investor risk appetite, while volatility has led several companies to delay planned listings. Accelevation’s debut is being closely watched as a test of investor demand for AI infrastructure businesses. 

Founded by Michael and Shawn Rubiera in 2017, Accelevation provides infrastructure products and services to the data centre industry. The company has expanded rapidly, with revenue reaching $447.8 million in 2025 from less than $3 million in 2021. 

Private equity firm Olympus Partners acquired the company from LFM Capital last year. Morgan Stanley and J.P. Morgan acted as joint lead bookrunning managers for the offering. The listing comes amid increased selectivity towards new AI infrastructure companies as market conditions become more challenging. 

UiPath Shares Rise 3.7% as BDO Partnership Expands Agentic AI Solutions 

UiPath Inc shares were trading at $12.80, up 3.7% from the previous close of approximately $12.34, with the US market still open on 30 September. The stock opened at $12.32 and has so far touched a high of $13.00 and a low of $12.32. 

The rise follows UiPath expanding its partnership with BDO USA to develop AI and business orchestration solutions for risk management, controls transformation and enterprise compliance. 

The companies will build Agentic Internal Audit Solution Accelerators to modernise IT application controls and IT general controls. The tools are designed to automate testing, monitor controls, collect evidence and identify exceptions while retaining professional review procedures. 

The joint solutions will operate across ERP, SaaS, cloud applications, enterprise risk, financial reporting and compliance environments. 

The offering covers access management, change management and IT operations controls, as well as automated application control testing. It also includes AI-generated workpapers, evidence trails, control narratives and exception reports. 

UiPath said the collaboration aims to expand control coverage, improve consistency and reduce manual work in traditional compliance and internal audit processes. BDO contributes controls and risk advisory expertise, while UiPath provides its business orchestration and automation platform. 

Ives Ultra AI Opportunities Prices $200 Million IPO on NYSE 

Ives Ultra AI Opportunities Inc. has priced its initial public offering at $10 per share, raising $200 million through the sale of 20 million common shares. 

The closed-end investment fund, focused on private artificial intelligence companies, began trading on the New York Stock Exchange on 30 September 2026 under the ticker “IVAI”. The offering is expected to close on 1 October, subject to customary closing conditions. 

The underwriter also has an option to purchase up to 3 million additional shares to cover overallotments, which could increase the proceeds if fully exercised. 

IVAI can take up to 12 months to propose its initial investments in private AI companies. Investors will also have an opportunity to tender their shares under the fund’s Tender Offer Policy. 

Dan Ives serves as chairman of the board of managers of Ives Ultra Capital Management, the fund’s investment adviser. Jeff Leathers is the adviser’s CEO, while Ed Leathers serves as portfolio manager. 

Cohen & Company Capital Markets acted as the sole bookrunner. The fund’s registration statement on Form N-2 was declared effective by the US Securities and Exchange Commission on 29 September 2026. 

Pyxis Oncology Shares Fall 10.4% as Company Prices $110 Million Offering 

Pyxis Oncology shares were trading at $2.24, down 10.4% from the previous close of approximately $2.50, with the US market still open on 30 September. The stock opened at $2.38 and has so far touched a high of $2.41 and a low of $2.12. 

The decline follows the clinical-stage cancer company pricing a public offering expected to generate approximately $110 million in gross proceeds. Pyxis is selling 36.05 million common shares, or pre-funded warrants in some cases, along with warrants to purchase 49.31 million shares. 

The combined offering price is $2.90 per share and accompanying warrant, while pre-funded units are priced at $2.899. If all warrants are exercised, Pyxis could receive an additional $172.6 million, taking potential gross proceeds to about $282.6 million. 

The warrants have an exercise price of $3.50 and become exercisable after shareholder approval and effectiveness of an amendment increasing authorised common shares. 

The offering is expected to close around 1 October, subject to customary conditions. Pyxis plans to use the net proceeds to advance its lead programme, micvotabart pelidotin, including its planned Phase 3 Headliner trial, as well as for working capital and general corporate purposes. 

US-listed stocks saw mixed reactions on 30 September as investors assessed earnings, deals, partnerships and financing plans. AI-related announcements supported gains in HPE, Synopsys and UiPath, while weaker results pressured Cal-Maine Foods, Conagra Brands, Jabil and Yiren Digital. Merger activity also influenced Skyworks and Hormel Foods, while Pyxis Oncology and Ives Ultra AI Opportunities announced major offerings. Overall, the varied share-price moves reflected differences in earnings, growth expectations and corporate developments. 

Source 

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