Category: Latest News
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U.S. Markets Rally on Strong Meta and Microsoft Earnings; Economic Data in Focus
U.S. equities climbed on Thursday, driven by impressive earnings from tech heavyweights Microsoft and Meta Platforms, as investors absorbed a wave of economic updates. As of 9:35 AM ET, the Dow Jones Industrial Average rose by 100 points, or 0.2%. The S&P 500 advanced 48 points, or 0.8%, while the tech-focused NASDAQ surged 270 points,…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Poised for Gains Following Strong Meta and Microsoft Earnings
U.S. stock futures indicate a higher open on Thursday as investors respond positively to robust earnings reports from tech giants Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT). Meta’s shares jumped 11.3% in pre-market trading after the company beat expectations for its second-quarter results and issued optimistic revenue guidance for the third quarter. Microsoft also posted strong…
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U.S. Initial Jobless Claims See Slight Increase
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…
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Masco Shares Jump 5% Following Strong Q2 Earnings Beat
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…
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Quanta Services Surpasses Q2 Expectations with Record Revenue, Raises 2025 Guidance
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…
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KBR Beats Q2 Earnings Estimates but Lowers Revenue Forecast
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…
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Omnicell Shares Climb Over 2% After Second Quarter Results Surpass Expectations
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…
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Bristol-Myers Squibb Shares Climb as Growth Portfolio Fuels Strong Q2 Results
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…
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Gildan Activewear Exceeds Q2 Expectations as Activewear Sales Jump 11.6%
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…
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Shake Shack Shares Fall Despite Q2 Earnings Surpassing Expectations
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…