Category: Latest News
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Kennametal shares surge after earnings beat and upbeat outlook
Kennametal (NYSE:KMT) shares jumped more than 12% in pre-market trading after the industrial technology company reported fourth-quarter results that comfortably exceeded Wall Street expectations and issued guidance well above analyst forecasts. The company posted adjusted earnings of $2.96 per share, beating the consensus estimate of $2.32. Revenue reached $736.6 million, ahead of analyst expectations of…
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Kyndryl shares slip after first-quarter results miss expectations
Kyndryl Holdings (NYSE:KD) shares edged 0.9% lower in pre-market trading after the enterprise technology services company reported first-quarter fiscal 2027 results that came in below Wall Street forecasts for both earnings and revenue. For the quarter ended 30 June 2026, the company reported an adjusted loss of $0.12 per share, compared with analyst expectations for…
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Telecom shares decline as SpaceX outlines plans for mobile network expansion
Shares of major U.S. wireless providers moved lower after SpaceX (NASDAQ:SPCX) revealed plans to develop a fully integrated mobile service, raising concerns that Starlink could eventually become a direct competitor to Verizon (NYSE:VZ), AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS). The announcement follows SpaceX’s acquisition of 65 megahertz of wireless spectrum from EchoStar in two transactions completed…
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LivaNova exceeds second-quarter forecasts and increases 2026 outlook
LivaNova (NASDAQ:LIVN) reported second-quarter results that surpassed Wall Street expectations, prompting the medical technology company to raise its earnings and revenue guidance for the full year. The stronger performance helped lift the shares around 1.3% in after-hours trading. The company delivered adjusted earnings of $1.26 per share, beating the analyst consensus estimate of $1.09. Revenue…
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Owens Corning tops second-quarter estimates as earnings exceed expectations
Owens Corning (NYSE:OC) reported stronger-than-expected second-quarter results, beating Wall Street forecasts for both earnings and revenue and sending its shares nearly 4% higher in pre-market trading. The building materials manufacturer posted adjusted earnings of $3.93 per share, comfortably ahead of the analyst consensus estimate of $3.07. Quarterly revenue totalled $2.76 billion, exceeding expectations of $2.65…
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Clear Secure shares climb after earnings beat and stronger outlook
Clear Secure (NYSE:YOU) shares rose more than 6% in pre-market trading on Wednesday after the identity technology company reported second-quarter results that topped Wall Street expectations and issued stronger guidance for the months ahead. The company posted adjusted earnings of $0.49 per share, exceeding analyst forecasts by $0.14. Quarterly revenue reached $277.8 million, ahead of…
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Primo Brands shares climb after second-quarter earnings top expectations
Primo Brands (NYSE:PRMB) shares rose more than 6% in pre-market trading on Wednesday after the beverage company reported second-quarter results that exceeded Wall Street forecasts and improved its revenue outlook for the full year. For the quarter ended 30 June 2026, the company posted adjusted earnings of $0.37 per share, beating the analyst consensus estimate…
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Ecovyst lifts full-year guidance after second-quarter earnings beat
Ecovyst (NYSE:ECVT) reported stronger-than-expected second-quarter results and raised its financial outlook for 2026, helping the specialty chemicals company’s shares gain around 2.4% in pre-market trading on Wednesday. The producer of sulfuric acid and sulfur dioxide posted adjusted earnings of $0.21 per share, exceeding the Wall Street consensus estimate of $0.19. Revenue increased 42% year over…
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Lineage shares edge higher as adjusted EBITDA exceeds expectations
Lineage (NASDAQ:LINE) shares rose around 1.5% after the temperature-controlled warehouse REIT reported second-quarter 2026 results, with adjusted EBITDA coming in ahead of expectations despite posting a GAAP net loss for the quarter. Revenue increased 0.8% year over year to $1.36 billion, reflecting modest growth across the business. Adjusted EBITDA outperforms despite lower margins The company…
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Northwest Natural tops earnings estimates despite revenue shortfall
Northwest Natural Holding Company (NYSE:NWN) reported second-quarter results that exceeded Wall Street earnings expectations, although quarterly revenue came in below analyst forecasts. The utility company’s shares were little changed following the announcement, edging up 0.06% in after-hours trading. The company posted adjusted earnings of $0.01 per share, outperforming the consensus estimate of a loss of…