U.S. stock futures are trading higher heading into Friday's session, setting the stage for what could be an eventful day. Here's a look at the companies grabbing attention before the opening bell.
Earnings season continues with Chagee Holdings Ltd. (CHA) set to report its quarterly results this morning. Wall Street analysts are expecting earnings of 40 cents per share on revenue of $458.31 million, according to Benzinga Pro data. The stock edged up 0.4% to $14.19 in after-hours trading as investors await the results.
Tilray Brands Inc. (TLRY) made waves with the announcement of a 1-for-10 reverse stock split. The move, which consolidates ten existing shares into one new share, often signals management's attempt to boost the stock price above certain thresholds. The market didn't take the news well—Tilray shares plunged 16% to $0.86 in after-hours trading.
Over at Globus Maritime Ltd. (GLBS), analysts are projecting a quarterly loss of 12 cents per share on revenue of $10.50 million. The shipping company will release its results after the market closes today. Shares climbed 1.5% to $1.36 in after-hours trading.
Post Holdings Inc. (POST), the food company behind brands like Honey Bunches of Oats and Premier Protein, announced that its board has authorized a substantial $500 million share buyback program. It's a clear sign that management believes the stock is undervalued. Shares responded positively, gaining 1.8% to close at $102.82 on Wednesday.
Finally, Beyond Air Inc. (XAIR) disclosed a leadership change in its finance department. Doug Larson has stepped down as CFO to pursue another opportunity, and the company has tapped Duke Drewell to serve as interim CFO. Shares rose 1.5% to $1.35 in after-hours trading.
With earnings reports, corporate actions, and leadership changes all in play, these five stocks are worth watching as Friday's session unfolds.