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Lakeland Financial posts earnings beat despite revenue shortfall
Lakeland Financial Corporation (NASDAQ:LKFN) reported second-quarter results that exceeded earnings expectations but delivered revenue below Wall Street forecasts, as the regional bank continued to benefit from loan growth and a stronger net interest margin. The company posted adjusted earnings per share of $1.13, topping analysts’ consensus estimate of $1.08. Revenue totaled $70.9 million, missing the…
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Alliance Resource Partners tops revenue estimates despite earnings miss
Alliance Resource Partners, L.P. (NASDAQ:ARLP) reported mixed second-quarter results on Monday, delivering revenue above Wall Street expectations while earnings came in slightly below forecasts. Shares of the coal producer and energy royalty company edged 0.16% higher in pre-market trading following the earnings release. Adjusted earnings per unit came in at $0.61, falling short of analysts’…
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Gossamer Bio shares jump after FDA update and seralutinib rights return
Gossamer Bio Inc. (NASDAQ:GOSS) shares surged 25% on Monday after the biotechnology company provided a positive regulatory update on its lead drug candidate, seralutinib, and announced it had regained full global rights to the therapy. The clinical-stage drug developer said it recently completed a Pre-NDA Type B meeting with the U.S. Food and Drug Administration,…
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Edible Garden expands Walmart distribution for fresh herbs across the Mid-Atlantic
Edible Garden AG Incorporated (NASDAQ:EDBL) is broadening its partnership with Walmart by expanding distribution of its fresh cut herbs to additional stores throughout the Mid-Atlantic region. The company said the enlarged distribution program is scheduled to begin shipping products during the third quarter of 2026, increasing the availability of its fresh herb range to consumers…
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Philip Morris expands Colorado Zyn investment to $1.2 billion
Philip Morris International Inc. (NYSE:PM) is significantly increasing its investment in U.S. nicotine pouch production, announcing plans to commit $1.2 billion to its manufacturing facility in Aurora, Colorado, by 2028. The revised investment doubles the $600 million the company pledged in 2024 and reflects growing demand for smoke-free nicotine products. Zyn production ramps up amid…
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Baker Hughes tops second-quarter expectations as strong cash flow lifts shares
Baker Hughes (NASDAQ:BKR) reported better-than-expected second-quarter results on Monday, sending its shares about 2% higher in premarket trading as investors welcomed stronger earnings and solid operational performance. The energy technology and oilfield services company posted adjusted earnings per share of $0.64, comfortably ahead of analysts’ consensus estimate of $0.49. Revenue totaled $6.74 billion, exceeding expectations…
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CoreWeave and Nebius gain after report links Nvidia to major OpenAI infrastructure financing
Shares of CoreWeave (NASDAQ:CRWV) and Nebius Group (NASDAQ:NBIS) moved higher on Monday after a report suggested Nvidia (NASDAQ:NVDA) is considering a substantial financing package to support OpenAI’s next-generation data center expansion. CoreWeave shares advanced 4%, while Nebius climbed 6% following a Wall Street Journal report that Nvidia is in discussions to provide approximately $250 billion…
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Ensign Group tops second-quarter forecasts and lifts full-year outlook
The Ensign Group Inc. (NASDAQ:ENSG) reported second-quarter results that exceeded Wall Street expectations on Monday, prompting the healthcare operator to raise its financial guidance for the full year. Shares of the skilled nursing and senior living provider gained 1.65% in pre-market trading following the earnings announcement. Adjusted earnings per share came in at $1.92, ahead…
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Bank of Hawaii posts stronger-than-expected second-quarter earnings
Bank of Hawaii Corporation (NYSE:BOH) reported second-quarter earnings that slightly exceeded Wall Street expectations, with higher net income and continued improvement in net interest margin supporting quarterly performance. The lender posted diluted earnings per share of $1.47 for the quarter, topping analysts’ consensus estimate of $1.46 by one cent. Shares were little changed in after-hours…
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U.S. durable goods orders post modest gain but fall short of expectations
New data showed that U.S. durable goods orders increased modestly in the latest reporting period, although the pace of growth was weaker than economists had anticipated. Orders for long-lasting manufactured goods, including transportation equipment, rose by 0.3%, marking a return to positive territory after the sharp decline recorded in the previous month. Growth misses market…