Category: Latest News
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Applied Industrial Technologies Shares Rise 4% as Q4 Earnings and Revenue Beat Forecasts
Applied Industrial Technologies (NYSE:AIT) shares gained 4% in Thursday premarket trading after the industrial products distributor delivered fourth-quarter earnings and revenue above Wall Street expectations. Strong organic growth across both of its main segments helped the company achieve record quarterly sales, EBITDA and earnings per share as demand conditions continued to improve. Fourth-quarter earnings comfortably…
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Wolverine World Wide Shares Jump 8% as Q2 Beat Prompts Higher 2026 Outlook
Wolverine World Wide Inc. (NYSE:WWW) shares climbed 8% in Thursday premarket trading after the footwear and apparel company reported second-quarter earnings and revenue above Wall Street expectations and raised its full-year 2026 guidance. Strong performances from Merrell and Saucony helped drive growth, while improvements in operating margin, inventory and debt provided further support. Wolverine beats…
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Tapestry Shares Slide as Softer FY27 Revenue Outlook Overshadows Q4 Beat
Tapestry, Inc. (NYSE:TPR) shares fell 8.9% in premarket trading after the accessories group delivered stronger-than-expected fourth-quarter earnings and revenue but issued a fiscal 2027 sales outlook that came in slightly below Wall Street forecasts. Strong growth at Coach helped drive the quarterly beat, although investors appeared more focused on the company’s expectations for the year…
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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…