Shares of Genworth Financial Inc. (NYSE: GNW) edged up in afterhours trading on Wednesday after the life insurer and mortgage underwriter announced that it agreed to offload its wealth management unit and alternative investment business to a partnership venture of Aquiline Capital Partners LLC and Genstar Capital LLC in deal estimated at $412.5 million.
Shares of Canadian Solar Inc. (NASDAQ: CSIQ) slumped about 11% after the company reported that its losses in the fiscal fourth quarter widened as it shipped fewer number of solar modules. Since last one year, Canadian Solar’s top line has felt the pinch in the backdrop of lackluster demand for its solar panel and equipment. [...]
Shares of casual dining chain, Chipotle Mexican Grill Inc. (NYSE: CMG) plunged 5.38% during early trade on Wednesday after it said late on Tuesday that fiscal fourth-quarter earnings would fall short of Street’s estimates, citing rising food costs even as revenue for the period is expected climbed by 17% from the year earlier quarter.