Category: Latest News
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Prologis falls short on Q2 profit but shares rise on positive outlook
Prologis Inc (NYSE:PLD) reported second-quarter earnings below Wall Street forecasts and lowered its full-year profit guidance. However, the revised outlook surpassed consensus expectations due to “strong” leasing demand. This upbeat forecast helped lift Prologis shares by 1.55% to $110 during premarket trading on light volume. The logistics-focused real estate investment trust posted Q2 earnings per…
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Tempus AI shares climb after FDA approval of heart monitoring software
Tempus AI, Inc. (NASDAQ:TEM) saw its stock rise 3% on Wednesday following the announcement that the company obtained 510(k) clearance from the U.S. Food and Drug Administration for its Tempus ECG-Low EF software. This AI-driven tool is designed to detect patients who might have a low left ventricular ejection fraction (LVEF)—a key measure of how…
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Hewlett Packard Enterprise Shares Climb After Deal with Elliott Investment
Shares of Hewlett Packard Enterprise (NYSE:HPE) increased by 0.5% following news of a collaboration agreement with activist investor Elliott Investment Management. The tech firm announced it will establish a new Strategy Committee within its Board of Directors to explore avenues for enhancing shareholder value. As part of the deal, Robert Calderoni—an experienced tech leader and…
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Morgan Stanley Beats Q2 Expectations as Trading and Wealth Units Shine
Morgan Stanley (NYSE:MS) outperformed Wall Street forecasts for the second quarter, posting stronger-than-expected earnings and revenue as client activity surged across multiple business lines. The firm reported earnings per share of $2.13, outpacing the consensus estimate of $1.98. Revenue climbed to $16.8 billion, surpassing analyst projections of $16.01 billion. Revenue from Institutional Securities came in…
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Goldman Sachs Tops Q2 Estimates with 15% Revenue Growth, Led by Strong Banking Division
Goldman Sachs Group, Inc. delivered better-than-expected earnings for the second quarter, fueled by robust gains in its Global Banking & Markets segment, which helped lift revenue by 15% year-over-year. The investment bank reported earnings of $10.91 per share, beating Wall Street expectations by $1.32, as analysts had forecast $9.59. Total revenue for the quarter reached…
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Rigetti Computing Shares Climb After Debuting Record-Breaking Multi-Chip Quantum System
Shares of Rigetti Computing (NASDAQ:RGTI) gained 5% after the company announced a major technical breakthrough with the successful demonstration of the industry’s largest multi-chip quantum computer—while also cutting error rates significantly. The company hit its mid-year target by achieving 99.5% median two-qubit gate fidelity on its modular 36-qubit platform. This represents a 50% improvement in…
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First Horizon Stock Soars Over 8% After Earnings Beat in Q2
First Horizon Corporation (NYSE:FHN) saw its shares jump 8.34% in premarket trading Wednesday after reporting second-quarter earnings that surpassed Wall Street expectations. The Memphis-based regional lender posted adjusted earnings per share of $0.45, topping the consensus forecast of $0.42. Net income available to common shareholders on an adjusted basis rose to $229 million, up from…
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PNC Financial Shares Climb After Strong Second-Quarter Earnings Beat
PNC Financial Services Group (NYSE:PNC) saw its stock rise 1.85% in premarket trading on Wednesday after delivering second-quarter results that exceeded Wall Street forecasts, supported by robust loan expansion and increased operational efficiency. The bank reported earnings of $3.85 per share, well above the analyst consensus of $3.55. Total revenue came in at $5.66 billion,…
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Tesla ranks among top three most shorted U.S. auto stocks, says UBS
Tesla (NASDAQ:TSLA) remains one of the most heavily shorted auto stocks in the U.S., joining Rivian (NASDAQ:RIVN) and Quantumscape Corp (NYSE:QS) atop UBS’s latest list as the industry heads into second-quarter earnings season. UBS’s recent “comprehensive crowding factor” analysis places Tesla, Rivian, and QuantumScape at the forefront of short interest in the autos, auto parts,…
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Pinnacle Financial beats expectations with 23% surge in Q2 earnings
Pinnacle Financial Partners (NASDAQ:PNFP) posted strong second-quarter results that surpassed Wall Street forecasts, as the regional bank saw solid loan growth and an improved net interest margin drive nearly 23% year-over-year earnings growth. For the three months ending June 30, 2025, the Nashville-based bank reported earnings of $2.00 per diluted share—equal to its adjusted EPS,…