Category: Latest News

Shares of General Motors Co. (NYSE:GM) fell 4.1% Tuesday after the company posted better-than-expected second-quarter earnings but reported a sharp decline in profit compared to last year, primarily due to a downturn in its North American business. The automaker reported adjusted earnings per share of $2.53 for the quarter, beating the analyst consensus of $2.35.…

Airo (NASDAQ:AIRO) has unveiled a new cargo drone project aimed at offering a high-tech alternative to standard freight transport methods such as box trucks and tractor-trailers. The New Mexico-based aerospace company said the upcoming drone will be capable of carrying loads between 250 and 500 pounds across distances of at least 200 miles. The design…

Oracle (NYSE:ORCL) and OpenAI have entered a strategic partnership to construct an additional 4.5 gigawatts of AI-focused data center capacity in the United States, significantly expanding the Stargate infrastructure project. With this development, and alongside the already operational Stargate I facility in Abilene, Texas, OpenAI’s total AI data center capacity currently under development now exceeds…

Peoples Bancorp Inc. (NASDAQ:PEBO) reported second-quarter earnings on Tuesday that came in below analyst expectations, as a sharp increase in credit provisions weighed on the bottom line, even as revenue edged past forecasts. The Ohio-based bank posted diluted earnings per share of $0.59, missing the $0.77 consensus by $0.18. Revenue for the quarter reached $114.46…

D.R. Horton, Inc. (NYSE:DHI) beat Wall Street expectations in its fiscal third quarter, reporting adjusted earnings per share of $3.36 — $0.46 above analyst forecasts — and revenue of $9.23 billion, ahead of the $8.8 billion consensus. The homebuilder delivered 23,160 houses during the quarter, outperforming the upper end of its guidance despite affordability pressures…

Shares of Danaher (NYSE:DHR) slipped over 2% in premarket trading Tuesday, despite the company posting stronger-than-expected second-quarter earnings and revising its annual profit forecast upward. The life sciences and diagnostics group reported adjusted earnings per share of $1.80, outperforming Wall Street’s average estimate of $1.64. Quarterly revenue came in at $5.94 billion, marking a 3.5%…

AstraZeneca (NASDAQ:AZN) revealed on Monday its intention to invest $50 billion by 2030 to bolster its manufacturing and research operations across the United States. At the heart of this initiative is a new multi-billion dollar manufacturing site in Virginia, which will focus on producing products from its weight management and metabolic portfolio, including its oral…

Shares of NXP Semiconductors (NASDAQ:NXPI) slipped in early U.S. trading on Tuesday following the chipmaker’s report of a 6% decrease in revenue for the second quarter. The company posted adjusted diluted earnings per share of $2.72 on $2.93 billion in revenue. This slightly exceeded analysts’ expectations, as surveyed by Investing.com, who had forecasted earnings of…