The company said in a regulatory filing that the decision was made in light of increased clinical and regulatory requirements to maintain regulatory approvals in global markets and to obtain approvals in new regions.
The Canadian Dollar (CAD) is trading modestly lower against the US Dollar (USD) on Wednesday, with investors awaiting the release of the Federal Open Market Committee (FOMC) Meeting Minutes at 18:00 GMT.
Shares of semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) fell 13.2% in the morning session after the company reported weak first-quarter 2025 (fiscal Q2) results: Its revenue guidance for the next quarter missed, and its EPS fell short of Wall Street's estimates. The slowdown showed up in both key areas like chip and display masks, which dragged revenue down 3% from the previous year.
Shares of cloud content storage and management platform Box (NYSE:BOX)
jumped 17.6% in the morning session after the company reported a "beat and raise" quarter (fiscal Q1 2026).
Shares of aerospace and defense company HEICO (NSYE:HEI)
jumped 6.5% in the morning session after the company reported impressive first quarter 2025 financial results, which beat analysts' revenue and EBITDA expectations. Sales rose 15% thanks to higher orders for flight parts and aerospace electronics, especially in the company's Flight Support and Electronic Technologies groups. Zooming out, we think this was a solid print.
Shares of identity management software maker Okta (OKTA)
fell 14% in the morning session after the company reported mixed first quarter 2025 (fiscal 2026) results as it only reconfirmed full-year revenue guidance, which was in line with Wall Street's estimates.
Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) jumped 23.5% in the morning session after the company reported impressive first-quarter 2025 results, which beat analysts' sales and EPS expectations.
Shares of video game retailer GameStop (NYSE:GME)
fell 11.4% in the morning session after the company announced its first purchase of Bitcoin (4,710 Bitcoin) valued at more than $500m. The purchase was announced on a day when crypto assets were losing momentum.
Shares of luxury ski resort company Vail Resorts (NYSE:MTN) jumped 13.2% in the morning session after the company announced the return of Rob Katz as CEO, replacing Kirsten Lynch. Katz, who previously held the chief executive role from 2006 to 2021 and currently serves as executive chair. For investors, Katz's leadership is likely to inspire confidence, given his history of driving growth and expanding Vail's resort portfolio.
