Category: Latest News
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Advance Auto Parts shares slide despite earnings beat as outlook disappoints investors (AAP)
Advance Auto Parts (NYSE:AAP) shares fell 5.8% after the company reported first-quarter results ahead of analyst expectations but maintained a full-year earnings outlook that came in below Wall Street forecasts. The automotive parts retailer posted adjusted earnings per share of US$0.77 for the quarter, exceeding analyst estimates of US$0.43 by US$0.34. Revenue totaled US$2.6 billion,…
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Rocket Lab shares slide after company unveils potential $3 billion stock sale programme (RKLB)
Rocket Lab (NASDAQ:RKLB) shares dropped 6.6% on Thursday after the company disclosed plans for a large-scale equity offering programme that could raise up to US$3 billion through future share sales. In a filing submitted to the SEC on May 20, 2026, Rocket Lab said it had entered into an equity distribution agreement with 16 financial…
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Advanced Drainage Systems tops forecasts despite cautious demand outlook (WMS)
Advanced Drainage Systems (NYSE:WMS) reported fourth-quarter results ahead of analyst expectations, although shares fell 3.4% after management struck a cautious tone regarding future demand conditions. The water infrastructure and drainage products group posted adjusted earnings per share of US$1.07 for the quarter ended March 31, beating analyst forecasts of US$0.95 by US$0.12. Quarterly revenue increased…
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Lightspeed Commerce shares decline after quarterly earnings miss despite revenue growth (LSPD)
Lightspeed Commerce (NYSE:LSPD) shares fell 4% in premarket trading on Thursday after the company reported fourth-quarter earnings below analyst expectations, despite delivering stronger-than-expected revenue growth. The omnichannel commerce platform provider posted adjusted earnings per share of US$0.10 for the quarter ended March 31, missing the analyst consensus estimate of US$0.11 by one cent. Quarterly revenue…
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Microsoft and EY launch $1 billion AI partnership to accelerate enterprise adoption (MSFT)
Microsoft (NASDAQ:MSFT) and EY announced on Thursday a strategic partnership valued at more than US$1 billion aimed at helping corporate clients move artificial intelligence initiatives from experimental pilot programmes into large-scale deployment. According to a statement released by the companies, the collaboration will initially focus on AI implementation across finance, tax, human resources and supply…
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Quantum Computing Gets Washington’s Backing, and the Sector’s Next Wave May Extend Beyond Hardware
The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.S. Department of Commerce is expected to…
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AMD begins ramp-up of next-generation EPYC chips using TSMC’s 2nm technology (AMD)
Advanced Micro Devices (NASDAQ:AMD) announced that it has started ramping production of its sixth-generation AMD EPYC processors, known by the codename “Venice,” using Taiwan Semiconductor Manufacturing Company’s 2-nanometer manufacturing process. AMD said the launch makes Venice the first high-performance computing processor in the industry to enter production using TSMC’s advanced 2nm process technology. Initial production…
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NIO shares rally after first-quarter earnings beat and stronger revenue outlook (NIO)
NIO (NYSE:NIO) shares gained more than 5% in U.S. premarket trading on Thursday after the electric vehicle maker reported first-quarter results ahead of expectations and issued second-quarter guidance that also exceeded analyst forecasts. Revenue for the three months ended March reached RMB25.53 billion, representing year-on-year growth of 112.2% and broadly matching the consensus estimate of…
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IBM shares surge after securing $1 billion U.S. quantum computing award (IBM)
IBM (NYSE:IBM) shares climbed 6.6% on Thursday after the U.S. Commerce Department announced that the company would receive US$1 billion in government funding to accelerate the development of quantum computing technology. The grant forms part of a broader US$2 billion funding package allocated to nine quantum computing companies, according to a report by The Wall…
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Deere tops forecasts as construction and small agriculture divisions drive growth (DE)
Deere & Company (NYSE:DE) reported second-quarter earnings ahead of analyst expectations, supported by strong momentum in its construction and small agriculture businesses, sending shares up 2.2% in premarket trading on Thursday. The machinery manufacturer posted adjusted earnings per share of US$6.55 for the quarter ended May 3, exceeding analyst forecasts of US$5.70 by US$0.85. Quarterly…