Category: Latest News
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Dow Jones, S&P 500 And Nasdaq Futures Extend Losses As AI Bubble Fears Rattle Wall Street
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a lower open on Friday, with stocks likely to see further downside following the sharp pullback seen in the previous session. Concerns about valuations may continue to weigh on Wall Street, as investors have recently expressed worries about an artificial intelligence bubble. Valuation anxiety…
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U.S. Economic Agenda Features Michigan Consumer Sentiment Index and Fed Governor Stephen Miran’s Speech on Stablecoins Friday
The University of Michigan is scheduled to release it preliminary reading on consumer sentiment in the month of November at 10 am ET. The consumer sentiment index is expected to edge down to 53.2 in November after falling to 53.6 in October. At 3 pm ET, the Federal Reserve is due to release its report…
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U.S. Stocks Pullback Sharply As AI Valuation Concerns Resurface
After coming under pressure early in the session, stocks saw continued weakness throughout much of the trading day on Thursday. The major averages more than offset the gains posted during Wednesday’s session, falling to their lowest closing levels in two weeks. The major averages moved to the downside going into close, ending the day just…
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EchoStar Shares Rise Despite Revenue Miss as Strategic Shift Takes Shape
EchoStar Corporation (NASDAQ:SATS) shares edged up 1.98% in premarket trading Thursday, after the telecom group posted third-quarter revenue below expectations but highlighted progress in its ongoing transformation following recent multi-billion-dollar spectrum deals. Revenue for the quarter came in at $3.61 billion, missing the $3.73 billion analyst estimate and down from $3.89 billion in the same…
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Planet Fitness Shares Climb Over 6% After Earnings Beat and Upgraded Outlook
Planet Fitness, Inc. (NYSE:PLNT) shares surged more than 6% in premarket trading Thursday, after the fitness chain topped Wall Street expectations for both earnings and revenue and raised its full-year growth outlook. The company reported adjusted earnings of $0.80 per share for the third quarter, beating the analyst consensus of $0.73, while revenue grew 13.0%…
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Canada Goose Shares Slide 11.8% After Earnings Miss Despite Solid DTC Growth
Canada Goose Holdings Inc. (NYSE:GOOS) saw its shares plunge 11.8% on Thursday after the luxury outerwear company’s second-quarter fiscal 2026 results fell short of market expectations, even as its direct-to-consumer (DTC) business posted double-digit growth. The company reported an adjusted loss of C$0.14 per share, missing analyst projections for a C$0.08 loss, while revenue came…
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Granite Construction Tops Profit Forecasts Despite Revenue Miss
Granite Construction (NYSE:GVA) reported third-quarter results on Thursday that beat earnings expectations even as revenue came in below forecasts. The U.S. infrastructure builder continued to deliver strong margin expansion and record project bookings. The company posted adjusted earnings per share of $2.70, well above the analyst consensus of $2.36, while revenue reached $1.43 billion, short…
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Under Armour Tops Fiscal Q2 Estimates but Offers Cautious Profit Outlook; Names New CFO
Under Armour (NYSE:UAA) reported second-quarter fiscal 2026 results that came in slightly ahead of expectations, although its full-year profit guidance fell short of analyst forecasts. Shares inched up modestly in premarket trading as of 07:10 ET. The sportswear manufacturer posted earnings of $0.04 per share, beating consensus estimates of $0.02, on revenue of $1.33 billion,…
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Moderna Revenue Drops 45% but Still Beats Expectations; Guidance Trimmed
Moderna (NASDAQ:MRNA) reported a steep decline in third-quarter revenue as demand for COVID-19 vaccines continued to fade, but the results still surpassed Wall Street estimates, supported by stronger-than-expected vaccine sales and lower costs. The biotechnology company posted revenue of $1.02 billion, down 45% year-over-year, yet comfortably ahead of analysts’ forecasts of $829.1 million. The better-than-expected…
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TripAdvisor Tops Q3 Earnings Forecasts, Refocuses on Experiences-Led Growth
TripAdvisor, Inc. (NASDAQ:TRIP) delivered third-quarter earnings that surpassed analyst expectations on Thursday, as the travel platform sharpened its focus on becoming an experiences-driven, AI-enhanced company. The company reported adjusted earnings per share of $0.65, beating Wall Street’s consensus estimate of $0.56. Revenue reached $553 million, slightly below the expected $562.92 million but still up 4%…