Category: Latest News

  • Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates

    Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates

    Dycom Industries Inc. (NYSE:DY) reported second-quarter results above Wall Street expectations on Wednesday, supported by strong demand for digital infrastructure deployment and continued expansion across its core markets. Shares of the specialist contractor gained 1.76% in premarket trading following the announcement. Adjusted earnings reached $5.29 per share, comfortably exceeding the consensus estimate of $4.70. Revenue…

  • Kohl’s shares fall despite earnings beat and stronger full-year guidance

    Kohl’s shares fall despite earnings beat and stronger full-year guidance

    Kohl’s Corporation (NYSE:KSS) shares fell more than 8% in premarket trading on Wednesday, reversing an earlier gain even after the retailer delivered second-quarter earnings well above expectations and raised its full-year profit forecast. Adjusted earnings reached $1.28 per share, beating the analyst consensus of $0.57 by $0.71. Revenue was less impressive, however, coming in at…

  • JinkoSolar shares fall after second-quarter earnings and revenue miss forecasts

    JinkoSolar shares fall after second-quarter earnings and revenue miss forecasts

    JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares dropped 4.63% in premarket trading after the solar module manufacturer reported second-quarter results that fell short of analysts’ expectations for both earnings and revenue. The company recorded an adjusted loss of RMB13.19 ($1.94) per ADS, considerably wider than the consensus forecast for a loss of RMB6.09. Revenue declined 31.3%…

  • Bath & Body Works lifts full-year earnings outlook after Q2 profit beats forecasts

    Bath & Body Works lifts full-year earnings outlook after Q2 profit beats forecasts

    Bath & Body Works (NYSE:BBWI) reported second-quarter earnings significantly above Wall Street expectations and raised its full-year profit guidance, although a weaker-than-expected third-quarter earnings forecast highlighted continued pressure on the underlying business. The company posted second-quarter earnings of $0.62 per share, comfortably exceeding the analyst consensus estimate of $0.24. Revenue reached $1.5 billion, broadly matching…

  • Biohaven shares climb 7% after signing major SK Biopharmaceuticals licensing deal

    Biohaven shares climb 7% after signing major SK Biopharmaceuticals licensing deal

    Biohaven Ltd. (NYSE:BHVN) shares gained 7% on Wednesday after the biotechnology company announced a strategic global licensing agreement with SK Biopharmaceuticals covering its Kv7 ion channel platform and epilepsy candidate opakalim. The transaction could deliver up to $795 million in upfront and milestone payments associated with the Kv7 platform, while also providing Biohaven with ongoing…

  • Target Hospitality shares surge 10% after securing $250 million data centre contract

    Target Hospitality shares surge 10% after securing $250 million data centre contract

    Target Hospitality Corp. (NASDAQ:TH) shares climbed 10% on Wednesday after the company secured a new multi-year contract expected to generate approximately $250 million in revenue from a major hyperscaler data centre project. Under the agreement, Target Hospitality will provide comprehensive facility and hospitality services for a data centre development in the Pecos region of West…

  • Movado Group shares rise 3% after second-quarter earnings and revenue beat forecasts

    Movado Group shares rise 3% after second-quarter earnings and revenue beat forecasts

    Movado Group, Inc. (NYSE:MOV) shares gained 3% on Wednesday after the watchmaker reported fiscal second-quarter 2027 results that comfortably exceeded analysts’ expectations for both earnings and revenue. Adjusted earnings came in at $0.54 per share, well ahead of the consensus estimate of $0.35. Revenue increased 4.9% year-over-year to $169.8 million from $161.8 million, also beating…

  • Donaldson shares gain 6% after fourth-quarter earnings and revenue beat forecasts

    Donaldson shares gain 6% after fourth-quarter earnings and revenue beat forecasts

    Donaldson Company (NYSE:DCI) shares climbed 6.07% in premarket trading on Wednesday after the filtration products manufacturer delivered fourth-quarter earnings and revenue above Wall Street expectations. Adjusted earnings came in at $1.15 per share, ahead of the analyst consensus of $1.13, while quarterly revenue reached $1.1 billion, exceeding forecasts of $1.04 billion. Sales increased 8.0% from…

  • Nvidia options point to potential $280 billion market value swing after earnings

    Nvidia options point to potential $280 billion market value swing after earnings

    Options markets are signalling that Nvidia (NASDAQ:NVDA) could experience a roughly $280 billion change in market capitalisation following its second-quarter earnings report on Wednesday afternoon, as investors look for fresh evidence on the strength of artificial intelligence demand. Nvidia options imply a 5.4% move in either direction on Thursday, the first full trading session after…

  • Intuit shares plunge as cautious fiscal 2027 guidance falls short of forecasts

    Intuit shares plunge as cautious fiscal 2027 guidance falls short of forecasts

    Intuit (NASDAQ:INTU) shares dropped sharply in premarket trading on Wednesday after the financial software company issued fiscal 2027 guidance below Wall Street expectations as it adjusts its strategy to “accelerate customer growth, increase market share, and strengthen the long-term durability” of its growth model. The stock was down 11.8% at 04:34 ET, or 08:34 GMT,…