Category: Latest News
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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…
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Nvidia targets next wave of AI growth with new data centre chips and expanding customer base (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang sought to reassure investors on Wednesday that the company can maintain its rapid growth trajectory through a broader customer base and the launch of new data centre products, while projecting that sales of its flagship AI chips could exceed US$1 trillion. Despite forecasting second-quarter revenue above Wall Street expectations…
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Google commits $15 billion to Missouri expansion with new data center project (GOOG)
Google (NASDAQ:GOOG) announced plans on Wednesday to invest US$15 billion into infrastructure projects across Missouri, including the construction of a new data centre in New Florence, located in Montgomery County. Missouri Governor Mike Kehoe said the investment highlights the state’s increasing importance as a hub for technology and innovation. He added that the project is…
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Full Truck Alliance tops forecasts as freight orders jump double digits (YMM)
Full Truck Alliance (NYSE:YMM) reported first-quarter results ahead of analyst expectations after strong growth in freight orders and user activity helped drive revenue higher. The company posted adjusted earnings per share of US$1.15, beating the analyst consensus estimate of US$0.96 by US$0.19. Revenue for the quarter reached RMB2.85 billion (US$412.9 million), exceeding analyst forecasts of…
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NetEase shares slip despite first-quarter earnings and revenue beat (NTES)
NetEase (NASDAQ:NTES) reported first-quarter results ahead of analyst expectations, although the company’s shares fell around 2% following the release as investors focused on broader earnings trends and future growth prospects. The Chinese gaming and internet group posted adjusted earnings per share of RMB17.46, comfortably above analyst forecasts of RMB15.39. Quarterly revenue reached RMB30.6 billion (US$4.4…
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Elf Beauty warns Iran conflict could hit earnings despite strong quarterly beat (ELF)
e.l.f. Beauty (NYSE:ELF) exceeded Wall Street expectations for its fourth-quarter performance on Wednesday but issued softer annual guidance, highlighting the growing impact of higher oil prices linked to the conflict involving Iran. The cosmetics company said the ongoing war could create a financial headwind of between US$15 million and US$20 million during fiscal 2027. Despite…
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Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)
Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending…
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Oil prices recover as uncertainty over Iran talks and shrinking inventories support market
Oil prices climbed more than 1% on Thursday, recovering part of the sharp losses recorded in the previous session as traders continued to assess developments in peace negotiations between the United States and Iran, while tightening supply conditions and falling U.S. inventories also supported the market. By 06:18 GMT, Brent crude futures had risen US$1.27,…
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Gold prices ease as bond yields and firm dollar pressure sentiment
Gold prices moved slightly lower on Thursday as investors balanced the impact of elevated government bond yields and a stable U.S. dollar against optimism surrounding a possible end to the conflict between the United States and Iran. By 05:33 ET (09:33 GMT), spot gold had declined 0.2% to US$4,536.09 an ounce, while gold futures slipped…
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Nvidia earnings surge while SpaceX IPO plans and Iran peace hopes shape markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded slightly lower on Thursday as investors absorbed another set of blockbuster earnings from artificial intelligence chip leader Nvidia (NASDAQ:NVDA) while continuing to monitor developments surrounding the conflict between the United States and Iran. By 03:32 ET, Dow futures had fallen 112 points, or 0.2%, while S&P 500 futures slipped 19 points…