Category: Latest News

Auddia Inc. (NASDAQ:AUUD) shares surged 46% Tuesday morning following news of a non-binding letter of intent for a business combination with Thramann Holdings, LLC, along with a corporate restructuring plan. The Boulder, Colorado-based company intends to transform into a holding company focused on delivering artificial intelligence and web3 efficiencies to its portfolio businesses. Under the…

Cummins Inc. (NYSE:CMI) reported second-quarter earnings on Tuesday that significantly outpaced analyst forecasts, with adjusted earnings per share of $6.43, beating estimates by $1.17. Revenue totaled $8.6 billion, surpassing the consensus estimate of $8.47 billion. Despite a 2% year-over-year revenue decline, the engine manufacturer achieved strong profitability, driven by record performances in its Power Systems…

Surgery Partners, Inc. (NASDAQ:SGRY) reported second-quarter earnings that surpassed analyst estimates on Tuesday, with adjusted earnings per share of $0.17, beating forecasts by $0.01. Revenue rose 8.4% year-over-year to $826.2 million, exceeding the consensus estimate of $819.45 million. The short-stay surgical facility operator saw same-facility revenues increase 5.1%, driven by a 3.4% rise in same-facility…

Inspire Medical Systems (NYSE:INSP) saw its stock plunge 27% following disappointing quarterly results and a lowered outlook, which led four major Wall Street firms to downgrade the shares. Truist Securities, JPMorgan, KeyBanc, and Nephron Research all cut their ratings to hold or neutral after the company’s second-quarter report. The downgrades followed Inspire’s sharp reduction of…

TransDigm Group Inc (NYSE:TDG) reported third-quarter revenue that missed analyst expectations on Tuesday, despite raising its full-year EBITDA and earnings guidance. Following the announcement, shares slid 7.39% in pre-market trading. The aircraft components maker posted third-quarter revenue of $2.24 billion, a 9.3% increase year-over-year but below the consensus estimate of $2.29 billion. Adjusted earnings per…

Shift4 Payments Inc (NYSE:FOUR) reported second-quarter adjusted earnings that fell short of analyst expectations on Tuesday, leading to a 9.6% drop in its shares despite revenue growth. The payment processor posted adjusted earnings per share of $1.10 for the quarter, missing the consensus estimate of $1.22 by $0.12. Revenue reached $966.2 million, while gross revenue…

Sally Beauty Holdings Inc (NYSE:SBH) reported third-quarter earnings on Tuesday that surpassed analyst expectations, driven by margin improvements fueled by cost-cutting efforts despite a slight dip in sales. The professional hair color retailer posted adjusted earnings of $0.51 per share for the quarter ended June 30, well above the $0.43 consensus. Revenue totaled $933 million,…

Zebra Technologies Corporation (NASDAQ:ZBRA) reported second-quarter earnings on Tuesday that outperformed analyst expectations, leading to a notable jump in its shares and an upgraded full-year outlook, alongside announcing a major acquisition. Shares climbed 8.71% in pre-market trading following the news. The company, specializing in digitizing and workflow automation, posted adjusted earnings per share of $3.61…

Pfizer (NYSE:PFE) raised its full-year earnings outlook on Tuesday after reporting second-quarter results that surpassed Wall Street expectations, driving its shares up more than 3% in premarket trading. The pharmaceutical giant posted earnings per share of $0.78 for Q2, comfortably ahead of the $0.57 consensus forecast. Revenue climbed 10% year-over-year to $14.7 billion, also exceeding…

Marathon Petroleum Corp. (NYSE:MPC) posted better-than-expected second-quarter earnings on Tuesday, driven by robust execution in its refining and commercial operations, despite headwinds in refining margins. Following the report, shares of the energy giant dipped slightly by 0.10% in after-hours trading. The company reported net income of $1.2 billion, or $3.96 per diluted share, handily beating…