Category: Latest News
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GE Vernova shares surge after Q2 earnings beat and raised 2025 guidance
Shares of GE Vernova Inc. (NYSE:GEV) jumped 4.6% in premarket trading Wednesday following the company’s stronger-than-expected second-quarter results and an upgraded outlook for the full year, driven by solid demand for power and grid infrastructure solutions. The firm reported earnings of $1.86 per share for Q2, well above analyst estimates of $1.50. Revenue reached $9.11…
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Boston Scientific surpasses earnings and revenue estimates, issues optimistic 2025 outlook
Boston Scientific (NYSE:BSX) delivered better-than-expected second-quarter results, fueled by strong organic growth and solid performances across major regions. The company reported adjusted earnings per share of $0.75, beating the consensus estimate of $0.73. Revenue climbed to $5.06 billion, a 22.8% increase year-over-year, outperforming the forecasted $4.89 billion. On an organic basis, sales grew 17.4% compared…
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Prosperity Bancshares tops Q2 EPS forecasts, falls short on revenue
Prosperity Bancshares, Inc. (NYSE:PB) released its second quarter financials on Wednesday, reporting a modest earnings beat but missing on revenue expectations. The Texas-based bank posted earnings per share of $1.42 for the quarter, just ahead of the $1.41 consensus estimate from analysts. However, total revenue reached $310.7 million, coming in below the projected $314.98 million.…
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Gold Dips as U.S.-Japan Trade Pact Dampens Safe-Haven Demand
Gold prices edged lower on Wednesday, easing from recent highs as investor appetite for risk increased following news of a trade agreement between the United States and Japan—dimming interest in traditional haven assets. As of 05:05 ET (09:05 GMT), spot gold was down 0.1% at $3,429.01 per ounce, and gold futures declined 0.1% to $3,440.60…
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Dow Jones, S&P, Nasdaq, Wall Street Set for Higher Open as Trade Deal Optimism Lifts Sentiment
U.S. stock futures are pointing to a higher start on Wednesday, as investor optimism rises following news of new trade deals announced by President Donald Trump. The upward momentum comes after Trump unveiled two significant trade agreements—one with Japan and another with the Philippines—that could mark a major shift in global trade dynamics ahead of…
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Taylor Morrison Surpasses Q2 Forecasts Despite Housing Market Headwinds
Taylor Morrison Home Corporation (NYSE:TMHC) reported adjusted earnings of $2.02 per share for the second quarter on Wednesday, beating analyst expectations of $1.95. Revenue also outperformed, reaching $2 billion compared to the consensus estimate of $1.93 billion. The homebuilder closed on 3,340 homes during the quarter, marking a 4% increase year-over-year, although the average closing…
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Otis Shares Drop Nearly 11% After Revenue Falls Short Despite Service Segment Growth
Otis Worldwide Corporation (NYSE:OTIS), the leading manufacturer of elevators and escalators, saw its shares decline sharply by 10.79% in premarket trading on Wednesday following its Q2 earnings announcement, as revenue missed analyst expectations despite strong service segment performance. The company reported adjusted earnings per share of $1.05, slightly exceeding the forecast of $1.03, but revenue…
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Weatherford Shares Climb 3% Following Strong Q2 Earnings Report
Weatherford International plc (NASDAQ:WFRD) surpassed analyst forecasts with its second-quarter results announced Wednesday, leading to a 3.09% increase in premarket trading. The oilfield services company posted adjusted earnings per share of $1.87, far exceeding the $0.98 expected by analysts. Revenue totaled $1.2 billion, slightly above the consensus forecast of $1.19 billion, though it reflected a…
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Woodside Energy Tops Revenue Estimates as Sangomar Field Boosts Output
Woodside Energy Group Ltd (NYSE:WDS) posted stronger-than-expected second-quarter revenue of $3.27 billion on Wednesday, surpassing analyst projections of $3.16 billion. The beat was fueled by continued success at its Sangomar development and solid operational performance across its asset base. Shares rose 0.67% in premarket trading following the earnings report. The Australian energy producer delivered quarterly…
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TE Connectivity Shares Tick Higher After Record Q3 Sales and Margins Beat Expectations
TE Connectivity Ltd. (NYSE:TEL) delivered better-than-expected third-quarter results on Wednesday, buoyed by outstanding performance in its Industrial segment and record-setting operational metrics. Following the announcement, shares edged up 0.99% in premarket trading. The industrial technology firm reported adjusted earnings per share of $2.27, topping Wall Street’s estimate of $2.08. Revenue climbed to a record $4.5…