Category: Latest News
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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…
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Coinbase shares rise after company announces workforce reduction
Coinbase Global Inc. (NASDAQ:COIN) saw its shares climb more than 4% in premarket trading Tuesday after unveiling a restructuring plan that includes a sizable reduction in headcount. The cryptocurrency exchange said it will cut around 700 jobs, representing roughly 14% of its global workforce as of May 1, 2026. According to the company, the move…
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Henry Schein tops expectations, but shares dip slightly after results
Henry Schein Inc. (NASDAQ:HSIC) reported first-quarter results on Tuesday that came in ahead of Wall Street estimates, although the stock slipped modestly in after-hours trading. The company’s shares edged down 0.10% following the release. The healthcare solutions provider posted adjusted earnings per share of $1.32, surpassing the analyst consensus of $1.21 by $0.11. Revenue totaled…
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Marathon Petroleum tops expectations as refining performance drives earnings
Marathon Petroleum Corp. (NYSE:MPC) delivered first-quarter results that exceeded analyst forecasts, posting adjusted earnings per share of $1.65 compared to estimates of $1.09, supported by stronger crack spreads and solid operational execution. Revenue came in at $34.57 billion, ahead of the $33.49 billion consensus and representing a notable improvement from the same period last year,…
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Fresh Del Monte stock slips after earnings fall short of expectations
On Tuesday, Fresh Del Monte Produce Inc. (NYSE:FDP) posted first-quarter results that came in below Wall Street forecasts, with adjusted earnings per share of $0.63 missing the analyst consensus of $0.82 by $0.19. Revenue totaled $1.04 billion, also trailing the $1.05 billion estimate and marking a 4.9% decline from $1.10 billion a year earlier. Shares…
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Investor Conference Presentations Scheduled as InterDigital (IDCC) Engages Market Through June
Upcoming appearances may provide insight into strategy, licensing trends, and technology positioning. InterDigital, Inc. (NASDAQ:IDCC) announced a series of investor conference presentations, with management scheduled to speak at four technology-focused events between May and June 2026. The appearances offer investors opportunities to hear updates on the company’s wireless, video, and AI technology initiatives. Key Investor…
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CFO Appointment Update as HydroGraph (HGRAF) Reinstates Interim Finance Chief
Leadership change comes as the company continues its search for a permanent CFO during a period of strategic execution. HydroGraph Clean Power Inc. (USOTC:HGRAF) announced a CFO appointment, naming Matt Anderson as Interim Chief Financial Officer and Corporate Secretary, effective immediately. The leadership update comes as the company continues executing its 2026 strategy while conducting…