Category: Latest News

Initial filings for U.S. unemployment benefits nudged up modestly in the week ending July 26, according to data released Thursday by the Labor Department. The number of new claims rose by 1,000 to reach 218,000, compared to the prior week’s unchanged figure of 217,000. Analysts had anticipated a higher jump to around 224,000 claims. On…

Masco Corporation (NYSE:MAS) reported second-quarter earnings that significantly surpassed analyst expectations on Thursday, despite a slight revenue decline. The home improvement products maker’s shares surged 5.07% in pre-market trading after the earnings release. Masco posted adjusted earnings of $1.30 per share for Q2, comfortably beating the analyst consensus of $1.08. Revenue reached $2.05 billion, slightly…

Quanta Services, Inc. (NYSE:PWR) reported adjusted earnings of $2.48 per share for the second quarter, slightly beating analyst estimates of $2.46. The infrastructure services provider benefited from robust demand across its business segments. Revenue hit a record $6.8 billion, surpassing the consensus estimate of $6.57 billion and marking a 21% increase from $5.59 billion in…

On Thursday, KBR, Inc. (NYSE:KBR) announced second-quarter earnings that slightly surpassed analyst expectations, while revenue came in below estimates. Following the announcement, the engineering and defense contractor’s shares dipped 1.1%, as investors reacted to a lowered full-year revenue outlook. KBR reported adjusted earnings per share of $0.91 for Q2, narrowly beating the analyst consensus of…

Omnicell, Inc. (NASDAQ:OMCL) reported better-than-expected earnings and revenue for the second quarter on Thursday, fueled by strong demand for its point-of-care connected devices. Following the release, the pharmacy automation company’s shares rose 2.76% in pre-market trading. The company posted adjusted earnings of $0.45 per share for Q2, well above the analyst consensus of $0.27. Revenue…

Bristol-Myers Squibb (NYSE:BMY) posted second-quarter earnings that surpassed analyst expectations, largely thanks to robust performance in its Growth Portfolio, leading the pharmaceutical giant to raise its full-year outlook. Following the announcement, the stock rose 2.2%. The company reported adjusted earnings of $1.46 per share for Q2, significantly above the $1.06 analysts had forecast. Revenue totaled…

On Thursday, Gildan Activewear Inc. (NYSE:GIL) delivered second-quarter results that outpaced analyst forecasts, driven by strong demand for activewear and improved profit margins. Shares of the Montreal-based apparel company rose 0.49% in after-hours trading following the announcement. The company reported adjusted earnings of $0.97 per share, surpassing the consensus estimate of $0.95. Revenue reached $919…

Shake Shack Inc (NYSE:SHAK) posted second-quarter earnings that outperformed analyst forecasts, yet its shares dropped 7.7%, indicating investor disappointment despite the solid results. The burger chain reported adjusted earnings of $0.44 per share for the quarter, beating the consensus estimate of $0.37 by $0.07. Revenue reached $356.5 million, slightly above the expected $353.58 million and…

Aptiv PLC (NYSE:APTV) saw its shares rise 2.02% in pre-market trading on Thursday after reporting second-quarter revenue that beat analyst expectations, despite a modest earnings shortfall. The global automotive technology firm posted $5.2 billion in revenue for the quarter, topping the consensus estimate of $5.05 billion and marking a 3% year-over-year increase. However, adjusted earnings…

BorgWarner Inc. (NYSE:BWA) reported stronger-than-anticipated second-quarter earnings on Thursday, buoyed by robust growth in electric vehicle (EV) component sales, even as broader market conditions remained mixed. Shares of the automotive parts supplier rose 2.37% in pre-market trading after the release. The company posted adjusted earnings of $1.21 per share, well above analyst estimates of $1.08.…