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Visa Beats Third-Quarter Expectations as Consumer Spending Drives Revenue Growth
Visa (NYSE:V) reported stronger-than-expected fiscal third-quarter results on Tuesday, with double-digit revenue growth supported by resilient consumer spending and continued strength in cross-border payment activity. The global payments company posted adjusted earnings of $3.32 per share, exceeding analysts’ consensus estimate of $3.22. Revenue increased to $11.6 billion, ahead of the expected $11.38 billion. The results…
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Ford Shares Rise After Q2 Earnings Beat and Higher Full-Year Guidance
Ford Motor Company (NYSE:F) shares climbed more than 4% after the automaker reported better-than-expected second-quarter results and raised its financial outlook for the full year, supported by stronger operating performance across its core business. The company posted adjusted earnings per share of $0.42 for the quarter, exceeding analysts’ expectations of $0.35. Revenue came in at…
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SK Hynix Shares Slide Despite Record Profit as Results Miss Lofty Expectations
SK Hynix (NASDAQ:SKHY) reported record quarterly earnings on Wednesday, but its shares tumbled nearly 10% after the results fell short of elevated market expectations, fuelling concerns that spending on artificial intelligence infrastructure by major technology companies could begin to slow. The South Korean memory chip maker, a key supplier to Nvidia, is also pursuing more…
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CoStar Shares Slide After Revenue Guidance Overshadows Strong Profit Growth
CoStar Group (NASDAQ:CSGP) shares dropped 14.3% in pre-market trading after the real estate data and marketplace company released second-quarter 2026 results that exceeded earnings expectations but disappointed investors with weaker-than-expected revenue guidance and a reduced full-year outlook. Although profitability improved significantly during the quarter, the market focused on slowing revenue growth and softer booking trends,…
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KLA Shares Drop Despite Q4 Earnings Beat as Guidance Fails to Impress Investors
KLA Corporation (NASDAQ:KLAC) reported stronger-than-expected fiscal fourth-quarter results, but its shares fell more than 10% in pre-market trading on Wednesday after investors focused on a cautious near-term outlook and guidance that offered only limited upside. The semiconductor equipment manufacturer posted earnings per share of $1.05 for the quarter, exceeding analysts’ expectations of $1.00. Revenue came…
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Teradyne Shares Rise After Record Quarterly Results and Strong Q3 Outlook
Teradyne (NASDAQ:TER) shares climbed 4.4% in pre-market trading after the semiconductor testing equipment manufacturer reported a second consecutive quarter of record revenue and issued third-quarter guidance that significantly exceeded Wall Street expectations, extending gains that began in after-hours trading following the earnings release. The company reported its second-quarter 2026 results after the market closed on…
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AbbVie Secures EU Approval for Rinvoq to Treat Severe Alopecia Areata
AbbVie (NYSE:ABBV) has received European Commission approval for Rinvoq (upadacitinib) as a treatment for severe alopecia areata (AA) in adults and adolescents aged 12 years and older, expanding the medicine’s approved uses across the European Union. The therapy will be available in 15 mg and 30 mg once-daily doses for eligible patients. Phase 3 Studies…
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Gold Edges Higher as Weaker Dollar Supports Prices Ahead of Fed Decision
Gold prices moved modestly higher on Wednesday as a softer U.S. dollar provided support for bullion ahead of the Federal Reserve’s latest interest rate announcement, while renewed geopolitical tensions in the Middle East and stronger oil prices kept inflation concerns firmly on investors’ radar. Spot gold (XAU/USD) rose 0.3% to $4,038.71 an ounce by 04:52…
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Oil Prices Climb as Middle East Tensions Intensify Following Iraq Strikes and Missile Interception
Oil prices surged by more than 3% on Wednesday after military tensions in the Middle East intensified following joint U.S. and Saudi strikes against Iran-backed groups in Iraq, an intercepted Iranian missile attack targeting U.S. forces, and signs of tightening U.S. crude supplies. Brent crude futures climbed $3.04, or 3.6%, to $87.13 a barrel by…
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Markets Hold Steady Ahead of Fed Decision as Investors Await Microsoft and Meta Results: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures traded close to unchanged on Wednesday as investors prepared for a pivotal session featuring the Federal Reserve’s latest interest rate decision and quarterly earnings from artificial intelligence leaders Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT). Meanwhile, renewed military tensions in the Middle East pushed oil prices sharply higher, adding another layer of uncertainty…