ADVFN US – Market Content Editor
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Domino’s Pizza Shares Slip After Q1 Earnings Miss Expectations
Domino’s Pizza, Inc. (NASDAQ:DPZ) reported first-quarter results on Monday that came in below Wall Street forecasts, sending shares down 3.8% in premarket trading. The company posted adjusted earnings per share of $4.13, missing analyst estimates of $4.28. Revenue totaled $1.15 billion, also falling short of the $1.17 billion consensus, though it marked a 3.5% increase…
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Meta Secures Space-Based Solar Energy Deal to Power AI Data Centers
Meta Platforms (NASDAQ:META) announced Monday that it has entered into an agreement to purchase up to 1 gigawatt of space-based solar energy from Overview Energy, a company developing satellite technology to harvest sunlight in orbit and transmit it back to Earth as electricity. The planned capacity is roughly equivalent to the output of a nuclear…
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Apple Shares Edge Lower on Report of OpenAI Chip Ambitions
Apple Inc. (NASDAQ:AAPL) declined 1.5% as of 6:42 a.m. in New York on Monday following reports that OpenAI is exploring the development of smartphone processors. According to TF International Securities analyst Ming-Chi Kuo, industry checks suggest OpenAI is working with Qualcomm Inc. and MediaTek Inc. on potential chip designs aimed at mobile devices. Potential Ecosystem…
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Avery Dennison Invests $75 Million in Physical AI Firm Wiliot
Avery Dennison Corporation (NYSE:AVY) announced a $75 million minority investment in Wiliot, a firm focused on applying Physical AI to supply chain operations, according to a company statement. The investment positions Avery Dennison as Wiliot’s preferred partner for inlay design, manufacturing, and commercialization. Both companies intend to broaden their joint go-to-market strategy across sectors including…
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Medtronic Discloses Cybersecurity Incident Involving IT Systems
Medtronic (NYSE:MDT) said an unauthorized third party gained access to data within portions of its information technology systems on Thursday, prompting the company to take immediate action. The medical device manufacturer stated that it quickly contained the breach and initiated its established incident response procedures. Investigation Underway With External Experts Medtronic has brought in third-party…
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Core Scientific Targets 1.5 Gigawatt Expansion at Pecos Data Center Campus
Core Scientific Inc. (NASDAQ:CORZ) announced plans to expand its Pecos, Texas campus to roughly 1.5 gigawatts of gross power capacity, including about 1.0 gigawatt available for leasing. The company is repurposing the site—currently operating with 300 megawatts dedicated to bitcoin mining—into a large-scale data center campus designed to support artificial intelligence infrastructure. Construction is underway,…
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Verizon Rises After Earnings Beat and Upgraded Outlook
Verizon Communications Inc. (NYSE:VZ) moved higher in premarket trading after delivering first-quarter earnings that topped expectations and lifting its full-year profit outlook, despite revenue coming in below forecasts. Shares gained 4.9% ahead of the open, supported in part by the company’s first positive first-quarter postpaid phone net additions since 2013. Earnings Top Estimates While Revenue…
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Intellia Therapeutics Shares Slip Despite Strong Phase 3 Data
Intellia Therapeutics Inc. (NASDAQ:NTLA) declined 3% on Monday, reversing earlier gains that followed the release of positive Phase 3 results for its hereditary angioedema (HAE) therapy. The data marks the first global Phase 3 outcome for an in vivo gene editing treatment. The company said its Phase 3 HAELO trial evaluating lonvoguran ziclumeran (lonvo-z) achieved…
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Joby Aviation Shares Rise Following New York City Air Taxi Demo Flights
Joby Aviation (NYSE:JOBY) gained 3.8% on Monday after completing the first point-to-point electric vertical takeoff and landing (eVTOL) air taxi demonstration flights in New York City. The company’s aircraft took off from John F. Kennedy International Airport and traveled across the city’s heliport network, including stops at Downtown Skyport as well as the West 30th…
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Peloton Shares Rise on New Spotify Fitness Collaboration
Peloton Interactive (NASDAQ:PTON) climbed 6% on Monday after Spotify (NYSE:SPOT) revealed a new partnership that brings Peloton fitness content to its platform. Through the collaboration, Spotify Premium subscribers in supported regions will be able to access more than 1,400 ad-free, on-demand classes from Peloton as part of their existing memberships. The offering spans a range…