MYT Netherlands (MYTE)

MYT Netherlands Parent B.V. (NYSE:MYTE) executives said the company, referred to on the call as LuxExperience B.V., posted a second consecutive profitable quarter on an adjusted EBITDA basis as its Mytheresa business continued to grow and turnaround efforts advanced at NET-A-PORTER, MR PORTER and YO

U.S. stock futures continued rising on Wednesday after a day of strong recovery on Tuesday. Futures of major benchmark indices were higher in premarket.

Companies Reporting Before The Bell • Cognex (NASDAQ:CGNX) is estimated to report quarterly earnings at $0.10 per share on revenue of $188.59 million.

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MYT Netherlands Parent B.V., also known as Mytheresa, stock is trading higher after it entered into a binding agreement with Richemont to acquire YOOX NET-A-PORTER.

MYTE stock results show that MYT Netherlands Parent beat analyst estimates for earnings per share and beat on revenue for the third quarter of 2024.

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Friday. Shares of Ermenegildo Zegna N.V. (NYSE: ZGN) fell sharply during Friday’s session as the company reported FY23 financial results.

Companies Reporting Before The Bell • Elbit Systems (NASDAQ:ESLT) is projected to report quarterly earnings at $1.70 per share on revenue of $1.45 billion.

Shares of Shapeways Holdings, Inc. (NASDAQ: SHPW) tumbled during Wednesday’s session following downbeat results.

Shares of CorMedix Inc. (NASDAQ: CRMD) surged in pre-market trading as the company posted a narrower-than-expected third-quarter loss. Cormedix posted a loss of 17 cents per share for the third quarter, versus market expectations for a loss of 21 cents per share.