Category: Latest News

Littelfuse, Inc. (NASDAQ:LFUS) reported second-quarter earnings on Wednesday that significantly surpassed analyst expectations, fueled by robust growth across all segments. Shares rose 2.12% in pre-market trading following the results. The electrical components maker delivered adjusted earnings per share of $2.85, well above the consensus estimate of $2.33. Revenue increased 9.8% year over year to $613…

On Wednesday, Virtu Financial, Inc. (NYSE:VIRT) reported second-quarter results that outpaced analyst expectations, driven by a significant surge in trading income. Shares rose 1.20% in pre-market trading following the announcement. The financial services firm posted adjusted earnings per share of $1.53 for the quarter, beating the consensus estimate of $1.40. Revenue soared to $999.6 million,…

WEC Energy Group (NYSE:WEC) reported second-quarter earnings that exceeded analyst forecasts on Wednesday, boosted by warmer summer weather and enhanced operational efficiencies. Following the announcement, the Milwaukee-based utility’s stock rose 0.80% in after-hours trading. The company posted adjusted earnings of $0.76 per share for the quarter, outpacing the consensus estimate of $0.72. Revenue climbed to…

Chefs’ Warehouse Inc. (NASDAQ:CHEF) announced second-quarter earnings and revenue that surpassed analyst projections on Wednesday, boosting its stock nearly 3% in pre-market trading. The specialty food distributor reported adjusted earnings per share of $0.52 for the quarter, beating the consensus estimate of $0.45. Revenue increased 8.4% year over year to $1.03 billion, topping forecasts of…

Garmin Ltd. (NYSE:GRMN) shares climbed 5.4% on Wednesday after reporting second-quarter results that well exceeded analyst expectations, prompting the company to raise its full-year guidance. This strong performance was driven by robust demand across all of Garmin’s business segments. The company, known for navigation and wearable technology, posted adjusted earnings of $2.17 per share, comfortably…

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) saw its shares rise 3.08% in pre-market trading on Wednesday following better-than-expected second-quarter earnings, reflecting progress in its ongoing “Pivot to Growth” strategy. The Israeli pharmaceutical company reported adjusted earnings per share of $0.66, exceeding analyst forecasts of $0.63. Revenue reached $4.2 billion, slightly under the consensus estimate of $4.28…

On Wednesday, Penske Automotive Group (NYSE:PAG) announced second-quarter earnings that surpassed analyst predictions, fueled by strong results in its service and parts segment despite flat overall revenue. The global transportation services provider reported earnings of $3.78 per share for the quarter, topping the analyst consensus of $3.59 by $0.19. Revenue held steady at $7.7 billion…

Shares of Larimar Therapeutics (NASDAQ:LRMR) declined 9% on Wednesday after the clinical-stage biotech firm revealed the pricing details of a new underwritten public offering. The company set the price for 18.75 million common shares at $3.20 each, reflecting a discount compared to Wednesday’s closing price of $3.53. The offering is projected to raise $60 million…

Timken Company (NYSE:TKR) announced adjusted earnings for the second quarter that outperformed analyst projections, even as the firm trimmed its full-year outlook due to persistent trade difficulties. Shares of the engineered bearings manufacturer held steady after hours, dipping just 0.02% following the earnings release. The company reported adjusted earnings of $1.42 per share for Q2,…

Etsy (NASDAQ:ETSY) reported second-quarter revenue that exceeded forecasts, driven by gains from more personalized marketing and advancements in artificial intelligence technologies. The company highlighted that strong results in on-site advertising and payment services for both Etsy and its fashion-focused platform, Depop, contributed to the revenue boost, according to a statement. Revenue grew 3.8% year-over-year to…