Category: Latest News

Boeing (NYSE:BA) reported second-quarter revenue that exceeded analyst expectations, supported by stronger operational performance and increased commercial airplane deliveries. Following the announcement, Boeing shares gained over 2% in U.S. premarket trading. The company’s commercial airplanes division posted sales of $10.87 billion, beating the Bloomberg consensus estimate of $10.4 billion. Revenue from Boeing’s defense segment also…

VeriSign, Inc. (NASDAQ:VRSN) saw its stock fall 6.5% in pre-market trading following Berkshire Hathaway’s announcement of a secondary offering of 4.3 million VeriSign shares priced at $285.00 each. The offering is priced at a notable discount to VeriSign’s previous closing price of $305.98. It is being conducted by Berkshire Hathaway affiliates who have held VeriSign…

Novo Nordisk (NYSE:NVO) announced on Tuesday that Maziar Mike Doustdar will become its new president and chief executive officer, effective August 7, 2025. Doustdar, currently the executive vice president of International Operations, will succeed Lars Fruergaard Jørgensen, who will step down on the same date. Helge Lund, Chair of Novo Nordisk, praised the appointment, saying,…

SoFi Technologies, Inc. (NASDAQ:SOFI) saw its shares surge 6.76% in pre-market trading on Tuesday after reporting second-quarter results that surpassed analyst expectations and boosting its full-year outlook. The fintech firm posted adjusted net revenue of $858 million for Q2, well above the consensus estimate of $804.23 million and marking a 44% year-over-year increase. Adjusted earnings…

Ares Capital Corporation (NASDAQ:ARCC) reported second-quarter 2025 earnings on Tuesday that missed analyst expectations, causing a slight decline in its shares. Shares slipped 0.22% in pre-market trading following the announcement. The business development company posted core earnings per share of $0.50, just below the consensus estimate of $0.51. Total investment income reached $745 million, marginally…

JetBlue Airways Corp (NASDAQ:JBLU) posted stronger-than-expected second-quarter results on Tuesday, delivering a positive operating margin despite ongoing industry challenges. The airline reported a narrower loss than anticipated, reflecting progress in its multi-year transformation plan. Shares of JetBlue rose 2.29% in pre-market trading following the earnings release. The company reported a second-quarter loss of $0.21 per…

Incyte Corporation (NASDAQ:INCY) reported second-quarter results on Tuesday that fell well short of analyst earnings expectations, though the company boosted its full-year revenue outlook for its leading drug Jakafi. Following the announcement, shares in the biotech firm edged up 0.3%. Incyte posted breakeven earnings per share for the quarter, missing consensus estimates of $1.40 by…

Asbury Automotive Group (NYSE:ABG) reported second-quarter earnings on Tuesday that surpassed analyst forecasts, driven by strong profitability despite slightly lower-than-expected revenue. Shares rose 1.75% in pre-market trading following the announcement. The automotive retailer posted adjusted earnings of $7.43 per diluted share, well above the $6.83 consensus estimate. Revenue came in at $4.4 billion, a bit…

Union Pacific Corporation (NYSE:UNP) announced Tuesday it will acquire rival Norfolk Southern Corporation (NYSE:NSC) in a cash-and-stock transaction valued at $320 per share, aiming to form the first transcontinental railroad in the U.S. The offer represents a 25% premium over Norfolk Southern’s 30-day volume-weighted average price as of July 16. Following the announcement, Union Pacific…

Exelixis Inc. (NASDAQ:EXEL) shares dropped more than 12% in pre-market trading Tuesday following its Q2 earnings report and the announcement to discontinue development of its experimental cancer drug zanzalintinib in a head-and-neck cancer trial. For the quarter ending June 30, 2025, Exelixis reported total revenues of $568.3 million, including $520.2 million in net product revenues…