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SLB tops second-quarter forecasts as growth in production systems offsets Middle East weakness
SLB (NYSE:SLB) reported second-quarter results ahead of Wall Street expectations on Friday, with higher revenue and earnings driven by strong international activity and continued momentum in its Production Systems and digital businesses. Shares rose 2.3% after the results, as investors looked beyond ongoing disruption in the Middle East and focused on the company’s diversified sources…
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Booz Allen Hamilton beats earnings expectations as shares advance despite lower revenue
Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares gained 3.23% in premarket trading on Friday after the technology and consulting company delivered first-quarter fiscal 2027 earnings that comfortably exceeded Wall Street expectations, despite reporting lower revenue than a year ago. The stronger-than-expected profit, improving margins and robust cash generation helped offset concerns over declining sales. Earnings…
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Verizon shares climb after earnings beat and stronger full-year outlook
Verizon Communications Inc. (NYSE:VZ) shares rose 2.7% on Friday after the telecommunications company reported second-quarter earnings that exceeded analyst expectations and lifted its full-year guidance, offsetting a slight revenue shortfall. While quarterly revenue came in below Wall Street forecasts, investors welcomed stronger subscriber growth, improving profitability and a more optimistic outlook for the remainder of…
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American Express shares slip despite earnings beat as revenue falls short of forecasts
American Express (NYSE:AXP) shares declined more than 2% in premarket trading on Friday after the financial services company reported second-quarter earnings that exceeded analyst expectations, while revenue came in slightly below market forecasts. Although the company delivered higher profits and raised its full-year revenue growth outlook, investors focused on the modest revenue miss following the…
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America’s Tungsten Supply Chain Comes Into Focus as New Defense Policy Highlights Strategic Importance of Domestic Critical Minerals
The United States is taking further steps to strengthen its defense supply chains and reduce reliance on vulnerable overseas sources of critical materials, a move that could have significant implications for strategic metals such as tungsten. A new Executive Order from the White House has placed greater emphasis on ensuring that critical materials and components…
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eBay shares fall as Meta expands Facebook Marketplace with dedicated Seller app
Shares of eBay (NASDAQ:EBAY) declined 3.7% on Friday after Meta (NASDAQ:META) introduced a standalone Seller app for Facebook Marketplace, prompting fresh concerns that the social media giant is targeting the online marketplace’s professional merchant base. Although the app’s launch had been publicly announced, the market reaction reflected investor worries that Meta’s latest move could intensify…
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Gorman-Rupp shares gain after earnings beat despite revenue coming in below forecasts
The Gorman-Rupp Company (NYSE:GRC) reported stronger-than-expected second-quarter earnings on Friday, although revenue narrowly missed Wall Street forecasts, as higher sales volumes and improved margins supported profitability. Shares of the pump manufacturer rose 1.96% in premarket trading following the results, with investors focusing on the earnings beat and record quarterly performance. Profit exceeds expectations Gorman-Rupp posted…
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Flagstar Bank shares slip after second-quarter earnings and revenue miss expectations
Flagstar Bank, N.A. (NYSE:FLG) shares edged 1.09% lower in premarket trading after the regional lender reported second-quarter results that fell short of Wall Street expectations on both earnings and revenue, despite returning to profitability and posting higher year-on-year revenue. The latest results reflect continued progress in the bank’s turnaround strategy, although weaker-than-expected financial performance weighed…
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Southside Bancshares tops earnings estimates despite revenue miss
Southside Bancshares (NYSE:SBSI) reported second-quarter results that exceeded earnings expectations but fell short of revenue forecasts, as stronger profitability offset softer-than-anticipated top-line performance. Shares edged 0.15% higher in premarket trading following the earnings release, with investors responding positively to the company’s improved profitability and continued asset quality. Earnings outperform Wall Street forecasts The regional bank…
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Novo Nordisk seeks court order to halt Eli Lilly weight-loss drug advertisements
Novo Nordisk (NYSE:NVO) has asked a U.S. court to issue a preliminary injunction that would immediately block a series of weight-loss and diabetes drug advertisements from Eli Lilly (NYSE:LLY), intensifying the legal dispute between the two pharmaceutical companies. The latest filing marks a further escalation in the battle between the rivals as competition in the…