ADVFN US – Market Content Editor
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Nasdaq Falls Into Correction as AI and Chip Stocks Drag Wall Street Sharply Lower
U.S. stocks suffered a steep, broad-based sell-off on Thursday, wiping out the post-election rally from the day before. The Nasdaq Composite closed in correction territory, meaning it is more than 10% below its record close from October 6, as investors dumped artificial intelligence and semiconductor stocks. The main trigger was worry that Democratic control of…
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Lakewood-Amedex Biotherapeutics Announces Completion of Series C Convertible Preferred Stock Redemption
SARASOTA, FL – Lakewood-Amedex Biotherapeutics Inc. (NASDAQ:LABT) (the “Company”), a clinical-stage biotechnology company advancing a novel class of potent, fast-acting, broad-spectrum antimicrobials for infectious diseases called the Bisphosphocin® class, today announced that it has completed the redemption of all remaining outstanding shares of its Series C Convertible Preferred Stock (the “Series C Preferred Stock”) pursuant to a…
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Comstock Resources Reports 9% Production Growth as Q3 Earnings Miss Estimates
Comstock Resources, Inc. (NYSE:CRK) reported third-quarter 2026 adjusted earnings of $0.02 per share, below analysts’ expectations of $0.03, while revenue excluding hedging gains reached $319.88 million, compared with the consensus estimate of $425 million. The natural gas producer’s shares declined 0.22% in premarket trading following Thursday’s announcement. Revenue excluding hedging gains increased 4% from $308.59…
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ConocoPhillips Reports Higher Q3 Earnings as Oil Prices Support Profit Growth
ConocoPhillips (NYSE:COP) reported third-quarter 2026 adjusted earnings of $3.27 per share, exceeding analysts’ expectations of $2.97, as higher commodity prices contributed to increased profitability. The energy company’s shares rose more than 1% in premarket trading on Thursday following the announcement. Reported net earnings reached $4.0 billion, or $3.34 per share, compared with $1.7 billion, or…
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Six Flags Shares Rise 5.3% Despite Q3 Loss as Company Updates Fourth-Quarter Outlook
Six Flags Entertainment Corporation (NYSE:FUN) reported a third-quarter net loss of $3.59 per diluted share, compared with analysts’ expectations for earnings of $1.98 per share, while revenue declined 11.0% year over year to $1.17 billion, matching market forecasts. The theme park operator’s shares rose 5.3% in premarket trading following Thursday’s announcement. The results included $687.7…
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Bentley Systems Reports 12.2% Revenue Growth and Raises Annual Recurring Revenue Outlook
Bentley Systems, Incorporated (NASDAQ:BSY) reported third-quarter 2026 adjusted earnings of $0.36 per share on Thursday, exceeding analysts’ expectations of $0.33, while revenue increased 12.2% year over year to $421.5 million, above the consensus estimate of $420.6 million. The infrastructure engineering software company’s shares rose 0.85% in premarket trading following the announcement. Revenue growth reached 12.7%…
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Duke Energy Reports 6.6% Revenue Growth and Narrows 2026 Earnings Guidance
Duke Energy Corporation (NYSE:DUK) reported third-quarter 2026 adjusted earnings of $1.99 per share on Thursday, exceeding analysts’ expectations of $1.88, while revenue increased 6.6% year over year to $9.1 billion, above the consensus estimate of $8.91 billion. The utility company’s shares rose 1.09% in premarket trading following the announcement. Duke Energy also narrowed its full-year…
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Tapestry Shares Rise Over 8% as Fiscal Q1 Earnings Exceed Forecasts and 2027 Outlook Improves
Tapestry Inc. (NYSE:TPR) reported first-quarter fiscal 2027 earnings and revenue above analysts’ expectations on Thursday, prompting the owner of Coach and Kate Spade to raise its full-year profit guidance. The company’s shares gained more than 8% in premarket trading following the announcement. Adjusted earnings reached $1.82 per share, compared with the consensus estimate of $1.56.…
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Kontoor Brands Raises 2026 Earnings Outlook After Q3 Profit Exceeds Estimates
Kontoor Brands Inc. (NYSE:KTB) reported third-quarter adjusted earnings above analysts’ expectations and raised its full-year profit guidance, while announcing plans to repurchase $450 million of common stock in the fourth quarter. The apparel company’s shares rose 3.3% following the announcement. Adjusted earnings reached $1.50 per share, exceeding the consensus estimate of $1.36. Revenue increased 3%…
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US Foods Reports 10% Rise in Q3 Adjusted EBITDA as Revenue Falls Below Estimates
US Foods Holding Corp. (NYSE:USFD) reported third-quarter adjusted earnings of $1.26 per share on Thursday, matching analysts’ expectations, while revenue of $10.4 billion fell below the consensus estimate of $10.61 billion. The foodservice distributor’s shares rose 0.56% in premarket trading following the announcement. Net sales increased 2.1% year over year, supported by 1.3% growth in…