ADVFN US – Market Content Editor
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Small-Caps and Tech Rally as Oil Retreat Fuels Broad Market Gains
U.S. stocks rallied on Tuesday as a sharp pullback in oil prices relieved pressure from Monday’s geopolitical jitters, sending the S&P 500 and Nasdaq to fresh record closes. The session was underpinned by strong earnings from several major companies and renewed optimism that energy costs would not spiral higher following the weekend’s Iran-UAE tensions. What…
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U.S. defense program awards $21.5M production order
Kopin Corp. (NASDAQ:KOPN) has received a $21.5 million follow‑on production contract from a major U.S. defense prime contractor. The award supports the manufacture of a custom thermal‑imaging eyepiece assembly for a man‑portable military weapons platform. The contract adds to Kopin’s existing backlog and reflects continued demand for its U.S.‑manufactured vision systems used in defense and national…
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Harley-Davidson stock rises as revenue tops estimates despite earnings shortfall
Harley-Davidson Inc. (NYSE:HOG) reported mixed first-quarter results on Tuesday, delivering stronger-than-expected revenue while missing on earnings as tariff pressures and restructuring efforts weighed on profitability. Shares of the motorcycle maker moved 1.51% higher in pre-market trading following the release. Adjusted earnings per share came in at $0.22, falling just short of the $0.23 consensus estimate.…
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Chevron expands Mediterranean footprint with Malta oil and gas exploration
Chevron (NYSE:CVX) said Tuesday it will begin exploring for oil and gas south of Malta, extending its presence in the Mediterranean region and positioning itself near established producers such as Libya, Italy, and Tunisia. Malta itself currently has no active oil or gas production. The company noted that the initial phase will focus on exploration…
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PayPal shares slide as outlook overshadows earnings beat
PayPal Holdings, Inc. (NASDAQ:PYPL) saw its shares fall more than 10% at Tuesday’s open, even after delivering first-quarter results that topped Wall Street expectations on both revenue and earnings. The company reported adjusted earnings per share of $1.34, beating the $1.27 consensus estimate by $0.07. Revenue rose 7% year over year to $8.4 billion, exceeding…
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Thomson Reuters tops estimates as AI-driven demand boosts growth
Thomson Reuters Corp (NASDAQ:TRI) reported first-quarter results on Tuesday that exceeded Wall Street expectations, supported by continued demand for its artificial intelligence offerings. The company posted adjusted earnings per share of $1.23, ahead of the $1.12 analyst estimate. Revenue came in at $2.09 billion, surpassing the $1.90 billion consensus and marking a 10% increase from…
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Westlake shares plunge after earnings miss and weak outlook
Westlake Corporation (NYSE:WLK) reported first-quarter results that came in well below expectations, sending its stock sharply lower in premarket trading. Shares dropped 16% following the announcement. The chemical producer posted an adjusted loss of -$0.77 per share, significantly wider than the analyst consensus of -$0.17. Revenue totaled $2.65 billion, missing estimates of $2.78 billion and…
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Eaton tops Q1 estimates, but softer outlook weighs on shares
Eaton Corporation plc (NYSE:ETN) reported first-quarter results that exceeded analyst expectations, though its stock dropped more than 3% in premarket trading after issuing guidance that came in slightly below forecasts. The power management company posted adjusted earnings per share of $2.81, ahead of the $2.73 consensus estimate. Revenue reached $7.5 billion, rising 17% year over…
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Pfizer tops Q1 expectations on growth from newer products
Pfizer Inc. (NYSE:PFE) reported first-quarter results that came in ahead of Wall Street forecasts, supported by strong momentum in its recently launched and acquired product portfolio. The drugmaker posted adjusted earnings per share of $0.75, exceeding the analyst consensus of $0.72 by $0.03. Revenue reached $14.5 billion, beating estimates of $13.84 billion and marking a…
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Ferrari earnings miss expectations as outlook trails forecasts
Ferrari (NYSE:RACE) reported first-quarter results that fell short of analyst expectations and issued full-year guidance below consensus, sending its shares slightly lower in U.S. premarket trading. The luxury automaker posted earnings per share of €2.33, missing the €2.37 estimate, while revenue came in at €1.85 billion, slightly ahead of the €1.83 billion consensus and up…