Category: Latest News
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TE Connectivity shares climb after earnings beat and upbeat outlook (NYSE:TEL)
Record quarterly results exceed Wall Street expectations TE Connectivity plc (NYSE:TEL) reported stronger-than-expected fiscal third-quarter 2026 results on Wednesday, driven by robust revenue growth across its Industrial and Transportation businesses and an optimistic outlook for the current quarter. The company posted adjusted earnings per share of $2.94, exceeding analysts’ consensus estimate of $2.84 by $0.10.…
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Cal-Maine Foods shares slide after fourth-quarter earnings miss (NASDAQ:CALM)
Weak egg prices weigh on quarterly performance Cal-Maine Foods (NASDAQ:CALM) reported weaker-than-expected fourth-quarter results on Wednesday, as lower wholesale egg prices and industry oversupply significantly reduced revenue and profitability. The company posted a loss per share of -$0.76 for the quarter, well below analysts’ expectations of earnings of $0.11 per share. Following the earnings release,…
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Alphabet earnings to test confidence in AI spending and the Magnificent Seven (NASDAQ:GOOG)
Investors focused on capital spending rather than earnings Alphabet (NASDAQ:GOOG) is set to report second-quarter 2026 earnings after Wednesday’s market close, with investors expected to focus less on headline financial results and more on the company’s artificial intelligence investment plans. According to Wolfe Research, capital expenditure will be the key metric to watch during this…
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Interactive Brokers beats Q2 forecasts on trading growth and higher interest income (NASDAQ:IBKR)
Strong customer activity lifts earnings and revenue Interactive Brokers (NASDAQ:IBKR) reported second-quarter results that exceeded Wall Street expectations on Tuesday, as increased trading activity, expanding margin lending and stronger net interest income boosted earnings. The online brokerage posted earnings per share of $0.69, surpassing analysts’ consensus estimate of $0.62. Revenue reached $1.88 billion, ahead of…
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TSMC plans chip price increases of up to 10% from 2027, report says (NYSE:TSM)
Contract chipmaker looks to offset rising production costs TSMC (NYSE:TSM) is planning to increase chip manufacturing prices by as much as 10% beginning in 2027, according to two sources familiar with the matter. The planned price adjustments are intended to help offset rising expenses linked to raw materials, semiconductor manufacturing equipment and the construction of…
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Pegasystems shares tumble after Q2 earnings miss and weaker AI demand outlook (NASDAQ:PEGA)
Earnings and revenue fall short of expectations Shares of Pegasystems (NASDAQ:PEGA) dropped 16.7% in premarket trading to $25.78 after the enterprise software provider reported second-quarter 2026 results that missed Wall Street expectations for both earnings and revenue. The Waltham, Massachusetts-based company posted adjusted earnings per share of $0.35, missing the consensus forecast of $0.43 by…
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Supermicro shares jump as margin outlook and record backlog impress investors (NASDAQ:SMCI)
Preliminary results drive strong premarket gains Shares of Super Micro Computer (NASDAQ:SMCI) climbed around 15% in premarket trading on Wednesday after the company released preliminary fourth-quarter figures highlighting significantly stronger profitability and record customer demand. The stock initially rallied about 20% in after-hours trading following the announcement before giving back part of those gains as…
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SpaceX lock-up expiry could release $116 billion worth of shares (NASDAQ:SPCX)
More than 900 million shares set to become eligible for trading SpaceX (NASDAQ:SPCX) is preparing for one of the largest lock-up expirations in recent market history, with approximately 911.5 million shares worth around $116 billion scheduled to become eligible for trading on August 6. The company confirmed on Tuesday that it will publish its second-quarter…
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Oil trades near six-week high as Middle East tensions raise supply concerns
Escalating conflict supports crude prices Oil prices remained close to six-week highs on Wednesday as markets assessed the intensifying conflict between the United States and Iran, alongside growing concerns that disruptions to Middle East shipping could threaten global crude supplies. As of 04:12 ET (08:12 GMT), Brent crude futures for September delivery, the international benchmark,…
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Gold rises above $4,130 as geopolitical uncertainty supports safe-haven demand
Middle East conflict keeps gold supported despite stronger dollar Gold prices moved higher on Wednesday, with bullion trading above $4,130 per ounce as escalating tensions across the Middle East continued to boost demand for safe-haven assets. The gains came even as a stronger U.S. dollar and higher Treasury yields created headwinds, while investors weighed the…