Category: Latest News
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Affirm Gains After Morgan Stanley Names It Top Pick
Shares of Affirm (NASDAQ:AFRM) climbed 3.5% in premarket trading on Friday after Morgan Stanley upgraded the stock to its Top Pick, pointing to what it described as an “overdone” concern around private credit and a strong pipeline of potential catalysts. In a research note, analyst James Faucette said he expects a high probability of upward…
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Ally Financial Shares Rise Over 2% on Profit Beat Despite Revenue Miss
Ally Financial Inc. (NYSE:ALLY) reported first-quarter results on Friday, delivering stronger-than-expected earnings even as revenue came in slightly below forecasts. The company posted adjusted earnings per share of $1.11, ahead of the $0.94 consensus estimate, while revenue totaled $2.1 billion, missing expectations of $2.14 billion. Shares gained 2.53% in premarket trading as investors reacted positively…
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Fifth Third Shares Slip Despite Earnings Beat as Merger Costs Weigh
Fifth Third Bancorp (NASDAQ:FITB) reported first-quarter results on Friday that topped analyst expectations, but its shares declined more than 2% in premarket trading as investors focused on the impact of merger-related expenses tied to its recent acquisition of Comerica. The Cincinnati-based lender posted adjusted earnings per share of $0.15, outperforming the consensus estimate of -$0.10.…
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RTX Secures Certification for GTF Advantage Engine on A320neo
RTX (NYSE:RTX) said its Pratt & Whitney GTF Advantage engine has been approved by the European Aviation Safety Agency for use on Airbus A320neo family aircraft, clearing the way for production deliveries and commercial entry later this year. The engine had already received certification from the U.S. Federal Aviation Administration in February 2025, with EASA…
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Regions Financial Tops Earnings Estimates but Falls Short on Revenue
Regions Financial Corp. (NYSE:RF) reported first-quarter results on Friday, delivering earnings that exceeded expectations while revenue came in below forecasts. The bank posted earnings per share of $0.62, ahead of the $0.60 consensus estimate, but revenue totaled $1.87 billion, missing analyst expectations of $1.92 billion. Shares were little changed in premarket trading following the announcement.…
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WaFd beats second quarter estimates on earnings and revenue
WaFd, Inc. (NASDAQ:WAFD) reported second quarter earnings that exceeded analyst expectations on Thursday, with adjusted earnings per share of $0.83 compared to the consensus estimate of $0.75. Revenue reached $197.38 million, surpassing the $190.51 million analyst forecast. The company’s stock was unchanged in pre-market trading following the results. The company posted net income of $65.5 million,…
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Autoliv Jumps After Earnings Beat and Robust Growth in Asia
Autoliv Inc. (NYSE:ALV) posted first-quarter results on Friday that came in ahead of market expectations. Adjusted earnings per share were $2.05, topping the consensus forecast of $1.84, while revenue reached $2.75 billion, above estimates of $2.61 billion. Net sales rose 6.8% year-on-year, supported by 0.8% organic growth that significantly outpaced the 3.4% decline in global…
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Netflix Slides 10% After Weak Q2 Outlook; Co-Founder Hastings to Step Down
Netflix (NASDAQ:NFLX) shares dropped almost 10% in premarket trading on Friday after the company issued second-quarter guidance that fell short of Wall Street expectations. The streaming group projected Q2 2026 earnings per share of $0.78, below the consensus forecast of $0.84. Revenue is expected to reach $12.57 billion, also missing estimates of $12.64 billion. In…
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Apple iPhone Shipments Jump 20% in China, Defying Broader Market Weakness
Apple’s (NASDAQ:AAPL) iPhone shipments in China rose 20% in the first quarter, marking the strongest growth among major smartphone vendors, even as the overall market contracted due to rising memory chip costs, according to data from Counterpoint Research. The U.S. technology giant climbed to second place during the quarter, supported by steady demand for its…
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Circle Sued Over Alleged Failure to Freeze Funds After Drift Protocol Hack
Circle Internet Group (NYSE:CRCL) is facing a proposed class action lawsuit accusing the company of not freezing stolen funds following a major exploit of the Drift Protocol. The complaint, filed in a U.S. district court in Massachusetts, alleges that Circle permitted hackers to transfer roughly $230 million in USDC stablecoin after a broader $280 million…