Category: Latest News
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United Community Banks misses second-quarter earnings estimates despite higher revenue and loan growth (UCB)
Shares little changed after quarterly results United Community Banks, Inc. (NYSE:UCB) reported second-quarter results on Tuesday that fell short of Wall Street expectations, with earnings and revenue both narrowly missing analyst forecasts despite continued loan growth and expanding margins. Shares were little changed in after-hours trading following the announcement. Adjusted earnings came in at $0.71…
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Northrop Grumman raises 2026 outlook after second-quarter earnings beat (NOC)
Defense contractor exceeds forecasts but shares slip Northrop Grumman Corporation (NYSE:NOC) reported stronger-than-expected second-quarter results on Tuesday, beating Wall Street estimates for both earnings and revenue while increasing its full-year financial guidance. Despite the upbeat report, shares fell 1.5% following the announcement. Adjusted earnings came in at $7.68 per share, well above the analyst consensus…
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Ally Financial misses second-quarter earnings forecasts despite higher revenue and profit (ALLY)
Shares edge lower after quarterly results Ally Financial Inc. (NYSE:ALLY) reported second-quarter results on Tuesday, with adjusted earnings falling slightly short of Wall Street expectations despite stronger revenue and year-over-year profit growth. The lender’s shares slipped 1.19% in pre-market trading following the announcement. Adjusted earnings were $1.21 per share, below the analyst consensus estimate of…
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KIDZ AI secures $44.6 million AI compute agreement with Canopy Wave (KIDZW)
Five-year GPU infrastructure contract expands AI platform strategy KIDZ AI Inc. (NASDAQ:KIDZW) has signed a definitive 60-month enterprise AI compute services agreement with Canopy Wave, Inc. valued at approximately $44.6 million, marking another step in the company’s expansion into artificial intelligence infrastructure. The agreement, announced on July 21, 2026, will be executed through KIDZ AI’s…
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Mobileye shares climb after expanding Stellantis partnership for next-generation driver assistance (MBLY)
Cloud-based ADAS agreement boosts investor sentiment Mobileye Global Inc. (NASDAQ:MBLY) shares gained 5% on Tuesday after the company announced that its Cloud-Enhanced Advanced Driver Assist technology will be deployed in selected future Stellantis (NYSE:STLA) vehicles beginning in 2027. The collaboration will incorporate Mobileye’s REM Road Experience Management platform into certain Stellantis models, bringing enhanced cloud-powered…
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Valmont Industries raises full-year outlook after second-quarter earnings beat (VMI)
Infrastructure business drives stronger-than-expected results Valmont Industries (NYSE:VMI) reported better-than-expected second-quarter results on Tuesday, beating Wall Street forecasts for both earnings and revenue as strong demand across its infrastructure operations supported growth. Shares edged 0.76% higher in pre-market trading following the announcement. Adjusted earnings came in at $6.14 per share, exceeding the analyst consensus estimate…
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Agios shares tumble after discontinuing sickle cell disease programme following Phase 2 trial (AGIO)
Stock drops after development setback Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) shares fell 14% on Tuesday after the company announced it will discontinue development of tebapivat for sickle cell disease following results from a Phase 2 clinical trial. The biotechnology company concluded that the study did not produce sufficiently differentiated results to justify advancing the programme. Phase…
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Marsh & McLennan tops second-quarter forecasts as demand drives revenue growth (MRSH)
Earnings beat expectations as shares edge higher Marsh & McLennan Companies (NYSE:MRSH) reported stronger-than-expected second-quarter results on Tuesday, exceeding Wall Street forecasts for both earnings and revenue as demand remained healthy across its core businesses. Shares rose 1.04% in pre-market trading following the announcement. Adjusted earnings came in at $2.96 per share, ahead of the…
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Genuine Parts beats second-quarter expectations and maintains full-year outlook (GPC)
Shares rise after earnings and revenue top forecasts Genuine Parts Company (NYSE:GPC) reported stronger-than-expected second-quarter results on Tuesday, exceeding Wall Street estimates for both earnings and revenue while reaffirming its full-year guidance. Investors responded positively to the results, sending shares of the automotive and industrial parts distributor up 3.34% in pre-market trading. Adjusted earnings came…
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Halliburton tops second-quarter forecasts but shares fall after results (HAL)
Earnings beat fails to lift the stock Halliburton Company (NYSE:HAL) reported second-quarter results ahead of market expectations on Tuesday, delivering better-than-forecast earnings and revenue despite a negative share price reaction in pre-market trading. Adjusted earnings came in at $0.55 per share, slightly above the analyst consensus of $0.54. Revenue reached $5.7 billion, exceeding expectations of…