J.M. Smucker reported fiscal 2025 first-quarter net income of $324.3 million, or $3.03 per share, with adjusted earnings of $3.24 per share. The adjusted result exceeded analysts’ expectations of $2.21 per share, according to Zacks Investment Research. Revenue was $2.22 billion, above the $2.11 billion forecast. The company said it expects full-year earnings of $10.50 to $11 per share.

Asian equities rose on Thursday, tracking an overnight advance on Wall Street. South Korea’s Kospi surged nearly 6% to recoup the prior session’s drop tied to renewed selling in artificial intelligence-related shares. Samsung Electronics climbed 9.5%, while SK Hynix jumped 12.7% after announcing a significant share buyback plan. Japan’s Nikkei 225 gained 1.4%, while Hong Kong’s Hang Seng rose 1.2% and China’s Shanghai Composite added 0.2%.

Alexandria Real Estate Equities reported second-quarter funds from operations (FFO) of $1.73 per share, above analysts’ average estimate of $1.65. Revenue came in at $662.8 million, also topping the $649 million forecast. The REIT raised its full-year FFO guidance to a range of $6.35 to $6.45 per share.

U.S. gasoline prices fell an average of 49 cents a gallon over the past month, but President Donald Trump says they are not dropping fast enough. After U.S. benchmark WTI crude slid 27% to $70.45 a barrel, regular gasoline averaged about $3.93 a gallon—down about 13% over the month but still 32% above prewar levels. Analysts say pump prices often adjust more slowly than crude because of refinery purchasing cycles, distribution delays and thin retail margins.