Category: Latest News
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Phinia shares climb after Q2 earnings significantly beat forecasts
Phinia Inc. (NYSE:PHIN), known for its expertise in premium fuel and electrical systems as well as aftermarket solutions, posted second-quarter results that surpassed analyst predictions by a wide margin, boosting its stock by 2.2% following the announcement. For the quarter ending June 30, 2025, Phinia reported adjusted earnings per share of $1.27, comfortably exceeding the…
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Nvidia AI chips worth $1 billion smuggled into China, Financial Times reports
According to a Financial Times investigation on Thursday, Nvidia’s (NASDAQ:NVDA) advanced AI chips valued at over $1 billion were illicitly transported to China in the three months following tightened U.S. export restrictions. The report reveals that Nvidia’s high-performance B200 processors—banned from sale in China—are being widely traded on a flourishing black market for U.S. semiconductor…
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Integer Holdings shares drop 5% despite revenue surpassing estimates
Shares of Integer Holdings Corporation (NYSE:ITGR) declined 5% following the company’s second-quarter earnings report, which met profit expectations but exceeded revenue forecasts. The medical device maker posted adjusted earnings per share in line with estimates, despite strong sales gains hinting at margin pressures. Integer reported adjusted EPS of $1.55 for the quarter, matching analyst forecasts,…
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Flex shares decline 5% despite surpassing Q1 earnings estimates
Flex Ltd (NASDAQ:FLEX) reported fiscal 2026 first-quarter earnings that beat analyst predictions, but the company’s stock dropped 5% following the announcement despite solid results. The contract manufacturer posted adjusted earnings per share of $0.72, outperforming the consensus estimate of $0.63 by $0.09. Revenue reached $6.6 billion, exceeding the forecast of $6.26 billion. The release did…
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UnitedHealth shares dip following announcement of DOJ probe
Shares of UnitedHealth Group (NYSE:UNH) dropped 4% Thursday morning after the company disclosed it is being investigated by the U.S. Department of Justice over certain elements of its Medicare program participation. In a recent SEC filing, UnitedHealth revealed that it has started responding to formal criminal and civil inquiries from the DOJ. The healthcare giant…
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U.S. Markets Mixed as Alphabet Shines, Tesla Disappoints
U.S. stock futures traded mixed on Thursday as investors assessed a fresh round of corporate earnings and weighed developments on the international trade front. As of 09:35 ET, the Dow Jones Industrial Average was down 280 points, or 0.6%. In contrast, the S&P 500 edged up 10 points, or 0.1%, and the NASDAQ Composite advanced…
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Dow, S&P 500, and Nasdaq, Wall Street Futures Mixed as Investors Weigh Google and Tesla Earnings Amid Trade Deal Optimism
U.S. stock futures moved in different directions on Thursday, with enthusiasm for a potential U.S.-EU trade agreement supporting hopes for new market highs, even as investors reacted to quarterly results from tech giants Alphabet (NASDAQ:GOOG) and Tesla (NASDAQ:TSLA). Dow Jones futures fell 0.4%, pressured by a sell-off in IBM (NYSE:IBM) following its earnings release, just…
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Sunrun Shares Jump 10% After Launching Tesla Electric Partnership in Texas
Sunrun (NASDAQ:RUN) stock surged 10% following the announcement of a new partnership with Tesla (NASDAQ:TSLA) to offer an integrated home energy solution for Texas residents. The collaboration, branded as Tesla Electric + Sunrun Flex (NASDAQ:FLEX), combines Sunrun’s solar and storage subscription service with a tailored Tesla Electric retail plan. This joint offering aims to deliver…
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Union Pacific Surpasses Q2 Expectations on Rising Freight Revenue and Operational Gains
Union Pacific Corporation (NYSE:UNP) reported second-quarter 2025 earnings that beat analyst forecasts, driven by stronger freight volumes and enhanced operational efficiency. Following the announcement, the railroad’s shares climbed 1.3%. The company posted adjusted earnings per share of $3.03, exceeding the consensus estimate of $2.90. Revenue totaled $6.2 billion, slightly above the anticipated $6.15 billion. Freight…
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FirstService Surpasses Q2 Expectations with Earnings Boosted by Strong Margin Growth
On Thursday, FirstService Corporation (NASDAQ:FSV) announced second-quarter results that notably outpaced analyst projections, reporting adjusted earnings per share of $1.71—$0.26 above estimates—and revenue of $1.42 billion, exceeding the consensus forecast of $1.39 billion. The property services firm demonstrated significant profitability gains, with adjusted EBITDA rising 19% to $157.1 million and revenue climbing 9% year-over-year. This…