Fortrea Holdings Inc (FTRE) News & EventsFTRENews & EventsFortrea Holdings Inc

Raises FY26 Adjusted EBITDA Outlook to $205M-$220M

Raises FY26 adjusted EBITDA view to $205M-$220M from $190M-$220M.

Nasdaq Futures Decline as Tech Stocks Weaken

Stock futures are lower this morning as markets come under pressure ahead of the open amid another wave of weakness hitting large-cap technology and semiconductor stocks. Nasdaq futures are leading declines, giving back part of yesterday's AI-driven rebound. Semiconductor shares are reversing part of the post-Micron rally, while concerns around rising hardware costs and pricing power in the broader tech ecosystem are weighing on sentiment.Outside of technology, falling oil prices are acting as a stabilizing force. Crude has moved toward multi-month lows as supply concerns continue easing, helping reduce some inflation pressure and potentially improving the broader economic outlook.In pre-market trading, S&P 500 futures fell 0.57%, Nasdaq futures fell 1.39% and Dow futures were down 0.25%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Synapticsup 3% after entering into a definitive agreement under which On Semihas agreed to acquire the company in an all-stock transaction, representing a total enterprise value of approximately $7BRocket Labup 1% after being selected by NASA to provide three Electron launches for two separate NASA missions - PolSIR and TSIS-2 - from early next yearUP AFTER EARNINGS -Apogee Enterprisesup 10%DOWN AFTER EARNINGS -Quantum Corpdown 4%Beyond Airdown 1%LOWER -On Semidown 14% after entering into a definitive agreement under which the company has agreed to acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7BFortreadown 2% after announcing that Jason Knoblauch has been appointed as CFO, succeeding Jill McConnell,who is stepping down

Fortrea Appoints Jason Knoblauch as CFO

Fortrea announced that Jason Knoblauch has been appointed as chief financial officer, effective July 6. He will succeed Jill McConnell, who is stepping down. Knoblauch joins Fortrea from Clario, a provider of endpoint data solutions to the clinical trials industry, where he served as CFO.