U.S. thrift retailer Savers Value Village is expanding in Australia, prompting concern from local charity shops that rely on donated goods to fund community programs. Savers has opened 19 stores in the country, while its parent company SVV has a market value of $2.2 billion and a 50 per cent gross profit margin, well above the industry average. Savers said it paid its Australian nonprofit partners $5.6 million last year to address criticism. The global secondhand fashion market is projected to reach $444 billion by 2027.

JPMorgan analyst Nick Lai downgraded Nio to Hold from Buy and cut his price target to $4.50 after the company issued softer delivery guidance for the second half of 2026. He reduced his 2026-2027 revenue forecasts by 5-9% and sharply lowered earnings estimates. Separately, Freedom Broker also moved the stock to Hold and lowered its target price.

Proofpoint is in talks to acquire Israeli cybersecurity firm Varonis. Varonis shares rose more than 10% on Wednesday after the reports, lifting its market value to about $5.37 billion. Varonis is headquartered in Miami and has more than 2,400 employees worldwide. The company is expected to generate about $735 million in revenue in 2026, up roughly 18% year on year.

Energy plant builder Argan reported fiscal 2026 second-quarter net income of $53.3 million, or $3.76 per share. Revenue for the quarter totaled $384 million. The stock is up 31% since the start of the year and has gained 83% over the past 12 months.

Hewlett Packard Enterprise reported fiscal third-quarter net income of $1.54 billion and adjusted earnings of $1.11 per share, topping Wall Street’s 95-cent estimate, according to a Zacks Investment Research analyst survey. Revenue was $12.21 billion, above expectations of $12.09 billion. The company raised its guidance for the fiscal fourth quarter and full year. For the quarter ending in October, it forecast earnings per share of $1.20 to $1.30 and revenue of $13.9 billion to $14.8 billion.

Methode Electronics reported fiscal 2027 first-quarter results with non-GAAP EPS of $0.22, missing estimates by $0.02. Revenue came in at $265.4M, up 10.4% year over year, beating expectations by $27.09M. The company issued full-year net sales guidance of $1,025–1,075 million.

Five Below reported second-quarter net income of $221.4 million and adjusted earnings of $1.68 per share, above analysts’ estimate of $1.34. Revenue came in at $1.26 billion, also ahead of the $1.22 billion Wall Street forecast. The company expects current-quarter revenue of $1.21 billion to $1.23 billion and forecast full-year earnings per share of $9.83 to $10.31 on revenue of $5.63 billion to $5.71 billion.

Phreesia reported fiscal 2025 second-quarter net income of $1.9 million on revenue of $129.5 million, slightly below the $129.6 million estimate. Earnings were 3 cents per share, missing the 11-cent consensus forecast. The company projected full-year revenue of $510 million to $520 million.