Category: Latest News
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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…
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Kratos shares climb after securing $156 million U.S. nuclear security contract (KTOS)
Defense company wins major counter-drone programme Kratos Defense & Security Solutions (NASDAQ:KTOS) shares gained 3% on Tuesday after the company announced it had been awarded an approximately $156 million contract by the U.S. Department of Energy’s National Nuclear Security Administration Office of Secure Transportation. The sole-source Indefinite Delivery/Indefinite Quantity (IDIQ) agreement covers the delivery of…