Latest news for ASICS (OTC:ASCCY) Stock

ASICS Corp is a Japanese manufacturer and distributor of sporting goods. The company organises itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics' core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities. The company reports results for three segments: sports shoes, sportswear, and sports equipment. The sports shoes segment contributes to the vast majority of consolidated revenue. Geographically, sales made domestically, across the Americas, and in EMEA contribute significantly to revenue, and collectively constitute the vast majority of sales.

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ADDYY

ASCCY

PMMAF

Sketchy: Industry Expert Says Latest Skechers-Adidas Litigation A &#39;PR Move&#39;

ASICS Corp

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INFY

Infosys shares are trading higher following a Q1 earnings beat.

Gap shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $27 to $29.

TOST

Toast shares are trading higher after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $21 to $33.

Taiwan Semiconductor shares are trading higher following a Q2 earnings beat.

Lockheed Martin Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) delivered the first of eight C-130J-30 Super Hercules tactical airlifters to Ohio&#8217;s Youngstown Air Reserve Station, marking the introduction of the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39815857/lockheed-martin-delivers-first-c-130j-30-super-hercules-to-ohio-youngstown-air-reserve-station" rel="noreferrer noopener">aircraft&#8217;s new aerial spray mission capability</a>.
The 910th Airlift Wing operates the Department of Defense&#8217;s only large-area, fixed-wing aerial spray capability to control disease-carrying insects and disperse oil spills.
The versatile C-130J Super Hercules now supports 19 mission capabilities, including this unique aerial spray function.
The U.S. Air Force Reserve&#8217;s fleet includes both C-130Js and legacy aircraft. Adding the C-130J Super Hercules enhances readiness with extended reach and improved mission interoperability.
Rod McLean, vice president and general manager of Lockheed Martin&#8217;s Air Mobility &amp; Maritime Missions line of business said, &#8220;Lockheed Martin is honored to deliver the most advanced Super Hercules ever built to the 910th Airlift Wing, providing cutting-edge technology and enabling a critical mission for the U.S. Air Force Reserve,&#8221; &nbsp;
Last week, the Pentagon stated that it will reportedly resume accepting new F-35s this month, <a href="https://www.benzinga.com/markets/equities/24/07/39736883/lockheed-prepares-for-takeoff-pentagon-plans-to-restart-f-35-deliveries-report" target="_blank" rel="noreferrer noopener">boosting Lockheed Martin shares</a>.
Apart from this, recently, Lockheed Martin Aeronautics won a $520.4 million contract modification&nbsp;by the U.S. Air Force to produce the F-16 Viper Shield&nbsp;<a href="https://www.benzinga.com/markets/equities/24/07/39613212/lockheed-martin-secures-520m-air-force-contract-for-f-16-viper-shield-electronic-warfare-suite" target="_blank" rel="noreferrer noopener">electronic warfare suite</a>.
Investors can gain exposure to LMT via&nbsp;Global X Funds Global X Defense Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) and&nbsp;First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Price Action: LMT shares are up 0.06% at $476.34 premarket at the last check Thursday.
Photo via Shutterstock

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MISL

SHLD

C-130J Takes on New Role: Lockheed Martin Delivers Aerial Spray Aircraft

BYND

Beyond Meat shares are trading lower following a report suggesting the company's liquidity has weakened and it is engaging bondholders for debt discussions.

Earnings

Earnings Beats

Infosys Q1 2025 GAAP EPS $0.18, Inline, Sales $4.714B Beat $4.651B Estimate

LESL

Leslie's shares are trading lower after the company issued preliminary Q3 financial results below estimates and cut its FY24 guidance.

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth initiates coverage on Spectral AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDAI#NASDAQ">MDAI</a>) with a Buy rating and announces Price Target of $3.5.

Price Target

Initiation

Analyst Ratings

MDAI

HC Wainwright & Co. Initiates Coverage On Spectral AI with Buy Rating, Announces Price Target of $3.5

Domino's Pizza shares are trading higher following a Q2 EPS beat.

Guidance

Domino's Pizza Is Temporarily Suspending Its Guidance Metric Of 1,100+ Global Net Stores Until Full Effect Of Dpe's Store Opens And Closures On International Net Store Growth Are Known

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Legend Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) with a Buy and maintains $73 price target.

Reiteration

LEGN

HC Wainwright & Co. Reiterates Buy on Legend Biotech, Maintains $73 Price Target

Reported Earlier, Alaska Air Group Expects Q3 EPS Of $1.40 - $1.60, Est $2.05

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), the world&#8217;s largest contract chipmaker and a major Apple and Nvidia supplier, bounced back strongly <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Thursday after the nearly 8% plunge seen in the previous session,
Sentiment toward the Hsinchu, Taiwan-based company improved after it <a href="https://www.benzinga.com/markets/asia/24/07/39832197/apple-nvidia-supplier-tsmc-reports-strong-q2-results-amid-booming-demand-for-ai-chips-guides-q3-abov">reported second-quarter earnings</a> that exceeded expectations and grew both year-over-year and quarter-over-quarter. The robust performance reflected a strong uptake of its most advanced processor node technologies for high-performance computing which are vital for artificial intelligence technology-related applications and machine learning.
More importantly, the company sees the strong demand to continue in the second half. The third-quarter revenue exceeded expectations and CEO C.C. Wei said he continues to expect 2024 to be &#8220;a strong growth year for TSMC.&#8221;
TSMC&#8217;s earnings have proved healthy for the chip and other tech stocks, which were battered on Wednesday after both Donald Trump and President Joe Biden sent them into a tailspin. The former said Taiwan should pay the U.S. for defense, while the Biden administration suggested more China chip export curbs.
The premarket session also saw other chip stocks, including Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVIDIA#NASDAQ">NVIDIA</a>), Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) and AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), rising over 1%.
In premarket trading, TSMC rose 2.74% to $175.80, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Photo by Sundry Photography on Shutterstock

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NVIDIA

SMCI

Apple, Nvidia Supplier TSMC Stock Rises In Thursday's Premarket After Crashing 8% In Last Session: What's Driving The Rebound?

Domino's Pizza Q2 U.S. Same Store Sales +4.8%, International Same Store Sales (Excl Forex) +2.1%, Global Net Store Growth +175

WNS Revises FY25 Revenue Less Repair Payments Forecast From $1.293B - $1.357B To $1.29B - $1.354B (Est $1.316B), Adjusted EPS From $4.34 - $4.59 To $4.42 - $4.68 (Est $4.43)

Domino's Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) reported quarterly earnings of $4.03 per share which beat the analyst consensus estimate of $3.66 by 10.11 percent. This is a 30.84 percent increase over earnings of $3.08 per share from the same period last year. The company reported quarterly sales of $1.097 billion which missed the analyst consensus estimate of $1.103 billion by 0.53 percent. This is a 7.02 percent increase over sales of $1.025 billion the same period last year.

Earnings Misses

Domino's Pizza Q2 2024 GAAP EPS $4.03 Beats $3.66 Estimate, Sales $1.097B Miss $1.103B Estimate

Needham analyst Mike Matson downgrades Inari Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) from Buy to Hold.

Downgrades

NARI

Needham Downgrades Inari Medical to Hold

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) announced today it has been awarded an advisory consulting contract by Kuwait Oil Company for the development of a country wide masterplan for the production of 17GW of renewables and 25GW of green hydrogen by 2050.&nbsp;
<a href="https://mma.prnewswire.com/media/1772715/KBR_Logo.html" target="_blank"><img alt="KBR, Inc. (PRNewsfoto/KBR, Inc.)" src="https://mma.prnewswire.com/media/1772715/KBR_Logo.jpg" /></a>
Under the terms of the contract, KBR will provide advisory consulting services to develop a phased strategy for the deployment of significant wind and solar power, combined with power storage capability. The renewable power capability will be linked to the production of green hydrogen for internal industrial use, as well as for export purposes. This work is expected to be performed over the next 18 months, with KBR developing a market analysis, techno-commercial feasibility studies, as well training of Kuwaiti nationals.

Government

Regulations

KBR Wins Contract to Develop Kuwait's 2050 Green Energy Masterplan

LOCO

El Pollo Loco Adds Three New Fire-grilled Chicken Burritos To Its Menu, El Pollo Loco's $9.99 Fire-grilled Chicken Burritos Are Available At Participating Locations Only

ASICS

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Stocks That Hit 52-Week Highs On Tuesday

A lawsuit filed by&nbsp;Skechers USA Inc&nbsp;(NYSE:&nbsp;<a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) against&nbsp;adidas AG (ADR) (OTC:<a class="ticker" href="/stock/ADDYY#OTC">ADDYY</a>) that <a href="http://www.slamonline.com/kicks/skechers-suing-adidas-due-alleged-payments-top-recruits/">accuses</a> the German footwear maker of blocking Skechers&#39; entry into the basketball shoe market comes directly on the heels of the U.S. Appeals Court upholding a ruling that blocks Skechers from selling a tennis shoe that <a href="http://qz.com/1275817/adidas-and-skechers-are-in-court-battling-over-stan-smiths-and-basketball/">Adidas said copied its design</a>.&nbsp;
The latest litigation between the two shoemakers piggybacks on accusations that <a href="https://www.nytimes.com/2017/09/26/sports/ncaa-adidas-bribery.html">Adidas was involved with payments to prospective college basketball players</a> in return for signing with Adidas-sponsored schools and eventual endorsement deals.&nbsp;
Skechers, a brand more associated with<a href="https://qz.com/421096/sneakerheads-dont-rule-the-sneaker-market-moms-do/"> moms running errands than basketball</a>, said in its lawsuit that Adidas&#39; alleged corruption was a barrier to the basketball shoe market. Adidas &quot;effectively blocked Skechers and other companies&quot; and &ldquo;unfairly bolstered the perception of the brand,&quot; according to Skechers.&nbsp;
The<a href="https://www.benzinga.com/news/17/06/9648788/nba-draft-recap-big-baller-brands-scale-back-endorsement-deals-while-basketball-s"> basketball shoe market </a>is stagnant, and it would take a sizable investment to enter at any level. Just ask Under Armour, which has made a significant attempt to enter the sector and has made little headway.&nbsp;&nbsp;
Adidas said in a statement that Skechers&#39; lawsuit, filed May 10 in U.S. District Court, is &quot;frivolous and nonsensical and should be summarily dismissed,&quot; <a href="https://www.washingtonpost.com/news/early-lead/wp/2018/05/10/skechers-sues-adidas-citing-federal-arrests-in-college-basketball-investigation/?utm_term=.a217dc76cef9">according to The New York Times</a>.&nbsp;
A Skechers spokesperson did not respond to phone and email messages seeking comment for this story.&nbsp;
<h3>
	&#39;A Publicity Stunt&#39;&nbsp;</h3>
Sports attorney Darren Heitner told Benzinga the lawsuit is a PR ploy.&nbsp;
&ldquo;The timing is quite suspect coming after the<a href="https://www.reuters.com/article/us-skechers-usa-lawsuit-adidas/u-s-court-protects-adidas-stan-smith-shoe-from-skechers-look-alike-idUSKBN1IB2LZ"> Stan Smith injunction</a>,&quot; he said. &quot;This seems much more of a publicity stunt than a real act to receive relief by way of litigation. The legal budget has been repurposed to serve as a PR budget, and perhaps it was deemed a cost-effective way to create publicity &mdash; and it did.&quot;&nbsp;
Skechers will have a hard time proving a link between the reported payments to student athletes and losses to the Skechers brand, Heitner said.
&ldquo;By even putting Skechers in the same sentence in Adidas, a highly successful brand, Skechers continues to maintain relevance&nbsp; and effectively deflected the court ruling in the Stan Smith case. From a PR standpoint, well done, but I don&rsquo;t see this lawsuit holding up.&quot;&nbsp;
<h3>The Collegiate Landscape&nbsp;</h3>
Skechers has garnered little interest in the Amateur Athletic Union basketball landscape.&nbsp;
Under Armour <a href="https://www.thestreet.com/story/13491318/1/under-armour-banking-on-future-endorsement-pipeline.html">entered the AAU market </a>in conjunction with its push into the basketball footwear market, knowing that grassroots penetration is needed to make an impact in the sport.&nbsp;
Asics Corp (ADR)<a href="http://ballislife.com/the-return-of-the-asics-gel-spotlyte/">&nbsp;(OTC: </a><a class="ticker" href="/stock/asccy#OTC">ASCCY</a>) found some traction in the past in basketball, a fiercely competitive environment that depends on the next generation of trendsetters and superstars in the sport.
The same can&#39;t be said for Skechers, a brand known for endorsing athletes after they retire, such as&nbsp;<a href="http://footwearnews.com/2018/focus/athletic-outdoor/skechers-tony-romo-wife-candice-crawford-commercial-slip-on-shoes-1202543752/">Tony Romo</a>, <a href="http://footwearnews.com/2017/focus/athletic-outdoor/david-ortiz-boston-red-sox-big-papi-skechers-347695/">David Ortiz</a> and <a href="http://footwearnews.com/2014/business/news/skechers-signs-mariano-rivera-144255/">Mariano Rivera</a>.&nbsp;
A footwear industry executive with more than 30 years of experience told Benzinga that Skechers&#39; legal move is more about ego and CEO Robert Greenberg&#39;s lifelong ambition to compete in performance footwear.&nbsp;
&quot;Greenberg is very shrewd and a very tough business guy, but there is no case for blocking them from entering the basketball world. Skechers has never been in the basketball world in the first place,&quot; said the executive, who asked not to be identified.
While the basketball market would represent a small piece of the company&#39;s business, it would be a validating move for the brand to enter the performance shoe market, the executive said.&nbsp;
Related Links:&nbsp;
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/12/10923034/with-dad-shoes-in-fashion-is-skechers-set-for-a-big-201">With Dad Shoes In Fashion, Is Skechers Set For A Big 2018?</a>
<a href="https://www.benzinga.com/news/17/06/9648788/nba-draft-recap-big-baller-brands-scale-back-endorsement-deals-while-basketball-s">NBA Draft Recap: Big Baller Brands Scale Back Endorsement Deals While Basketball Slows</a>

Sketchy: Industry Expert Says Latest Skechers-Adidas Litigation A 'PR Move'

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