Author: Fiona Craig
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FirstCash shares jump on strong Q1 beat and upgraded outlook
FirstCash Holdings, Inc. (NASDAQ:FCFS) reported first-quarter results on Thursday that came in well above analyst expectations, alongside an upward revision to its full-year guidance. The stock surged 4.72% in premarket trading following the announcement. Earnings and revenue show robust growth The pawn shop operator posted adjusted earnings per share of $2.69, exceeding the consensus estimate…
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Lockheed Martin shares slide after Q1 earnings and revenue miss
Lockheed Martin Corporation (NYSE:LMT) reported first-quarter results that came in below market expectations, sending its shares down 6.3% in premarket trading. The defense group posted adjusted earnings of $6.44 per share on revenue of $18.0 billion, missing analyst forecasts of $6.74 per share and $18.26 billion. Revenue was unchanged compared with $18.0 billion in the…
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ASML shares drop as TSMC delays adoption of next-gen EUV machines
ASML Holding (NASDAQ:ASML) shares fell 3.3% on Thursday after Taiwan Semiconductor Manufacturing Co (NYSE:TSM) indicated it will delay using the company’s most advanced lithography systems. TSMC, ASML’s biggest customer according to Bloomberg supply chain data, said it does not plan to introduce ASML’s high numerical aperture extreme ultraviolet (high-NA EUV) machines into production before 2029.…
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PG&E shares rise after Q1 earnings beat and guidance reaffirmed
PG&E Corporation (NYSE:PCG) reported first-quarter results on Thursday that came in ahead of analyst expectations, lifting its shares in premarket trading. The stock gained 2.37% before the open, as investors reacted positively to the utility’s earnings performance and continued progress on reducing customer rates. Strong revenue and earnings growth PG&E posted adjusted earnings of $0.43…
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Intel rises after Musk signals use of 14A process for Tesla-linked Terafab
Intel Corporation (NASDAQ:INTC) shares moved higher in premarket trading on Thursday after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk indicated that the Terafab venture plans to adopt Intel’s advanced 14A semiconductor manufacturing process. Speaking during Tesla’s post-earnings call, Musk said the 14A node is “not yet totally complete,” but should be “probably fairly mature or ready…
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Honeywell drops after revenue miss outweighs earnings beat
Honeywell International Inc. (NASDAQ:HON) posted first-quarter results that topped profit expectations but came in below revenue forecasts, sending the stock down 5.5% in premarket trading as investors focused on the weaker top line and reduced cash flow outlook. The industrial group reported adjusted earnings per share of $2.45, surpassing analyst estimates of $2.32 by $0.13.…
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Netflix expands buyback program by $25 billion, shares edge higher
Netflix Inc (NASDAQ:NFLX) said on Thursday that its board has approved an additional $25 billion share repurchase program, boosting its ongoing capital return efforts. As of March 31, the streaming giant still had around $6.8 billion remaining under its previous buyback authorization announced in December 2024. Following the news, Netflix shares rose about 1.3% in…
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Thermo Fisher dips in premarket despite Q1 earnings beat
Thermo Fisher Scientific (NYSE:TMO) shares moved lower in premarket trading, even after the company reported first-quarter results that exceeded analyst expectations on both earnings and revenue. The company posted earnings per share of $5.44, above the consensus forecast of $5.25, while revenue increased 6% year-on-year to $11.01 billion, beating estimates of $10.87 billion. Profit growth…
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Dow tops Q1 expectations despite revenue drop
Dow Inc. (NYSE:DOW) reported first-quarter results on Thursday that came in ahead of analyst forecasts, even as the chemicals group posted a net loss amid a difficult market backdrop and disruptions linked to the Middle East conflict. Shares of the company slipped 1.06% in premarket trading following the release. The company recorded an adjusted loss…
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Lululemon shares fall after hiring ex-Nike executive Heidi O’Neill as CEO
Lululemon Athletica (NASDAQ:LULU) stock dropped करीब 4% in premarket trading on Thursday after the company announced the appointment of Heidi O’Neill as its next Chief Executive Officer. O’Neill is set to take over the CEO position and join the board on September 8, 2026. Her appointment follows an extensive search process after the previous CEO…