Category: Latest News
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Dillard’s Q2 Profit Beats Forecasts as Tariff Refunds Lift Margins
Dillard’s Inc. (NYSE:DDS) shares gained 0.7% after the department store operator reported mixed second-quarter results, with earnings comfortably exceeding Wall Street forecasts while revenue came in slightly below expectations. Profitability benefited substantially from tariff refunds, which helped strengthen gross margins during the period. Earnings comfortably exceed Wall Street estimates Dillard’s reported adjusted earnings of $6.25…
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Paysafe Shares Edge Higher as Q2 Revenue Beat Offsets Softer Earnings Outlook
Paysafe Limited (NYSE:PSFE) shares gained 0.8% following the release of mixed second-quarter results, as revenue came in ahead of Wall Street forecasts while adjusted earnings matched expectations. The payments platform also issued full-year 2026 earnings guidance below the analyst consensus, although its revenue outlook remained broadly in line with market forecasts. Revenue beats estimates as…
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Brookfield Shares Edge Lower as Q2 Earnings Fall Short of Wall Street Estimates
Brookfield Corporation (NYSE:BN) shares edged 0.13% lower in premarket trading after the investment group reported second-quarter adjusted earnings per share below Wall Street expectations. Despite the headline earnings miss, Brookfield delivered higher revenue and double-digit growth in distributable earnings before realizations, supported by strong fundraising and performance across its asset management and wealth solutions businesses.…
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IBM and OpenAI Launch Enterprise AI Partnership With GPT-5.6 Integration
IBM (NYSE:IBM) announced a strategic partnership with OpenAI on August 13, 2026, aimed at bringing advanced artificial intelligence models and products into IBM Consulting’s enterprise AI delivery platform. The collaboration will target large-scale deployments across industries including financial services, government, telecommunications and retail, with GPT-5.6 among the OpenAI models being integrated. GPT-5.6 and OpenAI products…
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Birkenstock Shares Jump as Revenue Beat and Higher Full-Year Outlook Boost Sentiment
Birkenstock (NYSE:BIRK) shares climbed more than 5% in Thursday premarket trading after the German footwear company delivered stronger-than-expected third-quarter revenue and raised its full-year 2026 outlook. While earnings per share came in slightly below Wall Street forecasts, double-digit growth across every region and improved guidance supported a positive investor reaction. Revenue beats expectations despite slight…
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Cisco Shares Fall as Strong AI-Led Outlook Struggles to Clear High Expectations
Cisco Systems (NASDAQ:CSCO) shares fell more than 5% in U.S. premarket trading on Thursday despite the networking technology group forecasting fiscal 2027 revenue and earnings comfortably above Wall Street estimates. Strong demand for networking equipment and artificial intelligence infrastructure continues to support growth, but investors appeared to have expected even more following a rally of…
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Cerebras Systems Slides 17% After Q2 Miss, but Analysts See Buying Opportunity
Cerebras Systems Inc (NASDAQ:CBRS) shares tumbled more than 17% in Thursday premarket trading after the AI infrastructure company reported second-quarter earnings and revenue below Wall Street expectations. Despite the headline miss, rapid growth in its core and cloud businesses, improved margins and higher full-year guidance prompted Morgan Stanley analysts to argue that the share-price weakness…
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Coherent Delivers Strong Q4 Beat and Bullish FY27 Outlook, but Shares Fall 5%
Coherent Corp. (NYSE:COHR) delivered stronger-than-expected fourth-quarter results and issued an ambitious outlook for fiscal 2027, supported by robust customer demand and expanding production capacity. Despite beating Wall Street forecasts on both earnings and revenue, shares fell around 5% in Thursday premarket trading, reversing an earlier 8% advance that followed strong results from industry peer Lumentum.…
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SpaceX Shares Rebound 39% in a Week as Musk Highlights AI Revenue Potential
SpaceX (NASDAQ:SPCX) shares extended their sharp recovery on Wednesday, August 12, climbing 9.65% to close at $146.15, their highest level since July 9. The stock has now rebounded 39% from its record low of $105.11 reached on August 6, with investor sentiment improving following comments from Elon Musk about the growing importance of artificial intelligence…
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Meta Removes 756,000 Australian Teen Accounts as Regulatory Scrutiny Intensifies
Meta (NASDAQ:META) said on Thursday that it has removed more than 750,000 Facebook and Instagram accounts suspected of belonging to Australians under the age of 16, as the technology group steps up enforcement of the country’s landmark social media age restrictions amid the prospect of regulatory action. Meta accelerates removal of under-16 accounts The Facebook…