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Thermo Fisher beats second-quarter expectations as customer demand strengthens (NYSE:TMO)
Thermo Fisher Scientific (NYSE:TMO) reported better-than-expected second-quarter earnings on Thursday, driven by improving customer activity across its end markets and continued organic growth. The stronger results lifted investor sentiment, sending the life sciences company’s shares more than 3% higher in premarket trading. Earnings and revenue surpass forecasts Thermo Fisher posted adjusted earnings of $6.03 per…
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BeOne Medicines expands New Jersey campus with additional $300 million investment (NASDAQ:ONC)
BeOne Medicines (NASDAQ:ONC) has announced a further $300 million investment to expand its manufacturing and research operations in Hopewell, New Jersey, increasing total spending at the Princeton West Innovation Campus to more than $1 billion. The project will significantly increase the site’s production capabilities while supporting future cancer drug development and creating new jobs. Expansion…
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Comcast beats second-quarter estimates as broadband and wireless momentum strengthens (NASDAQ:CMCSA)
Comcast (NASDAQ:CMCSA) shares rose around 3% in premarket trading on Thursday after the media and telecommunications company reported second-quarter earnings ahead of Wall Street expectations, supported by improving broadband performance and record wireless customer growth. The results also highlighted stronger profitability across several business segments, including Peacock, which achieved its first profitable quarter. Earnings exceed…
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Cleveland-Cliffs shares jump as upbeat third-quarter forecast outweighs earnings miss (NYSE:CLF)
Cleveland-Cliffs (NYSE:CLF) shares climbed nearly 7% in premarket trading on Thursday after the steel producer issued a stronger-than-expected outlook for the third quarter, despite reporting a slight earnings miss for the second quarter. Investors focused on the company’s improving profitability and expectations for a significant increase in EBITDA during the current quarter. Second-quarter earnings narrowly…
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Dow beats second-quarter expectations as pricing strength lifts earnings (NYSE:DOW)
Dow (NYSE:DOW) reported better-than-expected second-quarter earnings on Thursday, supported by higher selling prices across its business, particularly in polyethylene, helping offset a modest decline in sales volumes. The stronger results prompted a positive market reaction, with the company’s shares rising more than 2% in premarket trading. Earnings and revenue exceed forecasts Dow posted adjusted earnings…
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Honeywell Technologies beats second-quarter forecasts after aerospace spin-off (NASDAQ:HON)
Honeywell Technologies (NASDAQ:HON) reported stronger-than-expected second-quarter earnings and raised its full-year profit guidance, marking its first quarterly results as a standalone automation company following the separation of its aerospace business. The results were supported by higher organic sales, expanding margins and continued strength in its Building Automation division, sending shares modestly higher in early trading.…
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PG&E tops earnings estimates while revenue falls short in second quarter (NYSE:PCG)
PG&E (NYSE:PCG) reported second-quarter earnings that exceeded Wall Street expectations on Thursday, although revenue came in below analyst forecasts. Investors responded positively, with the utility company’s shares edging higher in premarket trading. The results reflected continued operational improvements and ongoing infrastructure investment, while the company maintained its full-year earnings outlook. Earnings outperform despite revenue miss…
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Lockheed Martin raises full-year outlook after strong second-quarter results (NYSE:LMT)
Lockheed Martin (NYSE:LMT) shares surged more than 7% in premarket trading on Thursday after the defence contractor reported second-quarter earnings and revenue above market expectations while raising its full-year financial guidance. The improved outlook was driven by stronger production across the company’s business segments, particularly within its missile programmes, alongside robust cash generation and a…
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T-Mobile shares decline despite earnings beat and higher cash flow forecast (NASDAQ:TMUS)
T-Mobile (NASDAQ:TMUS) shares moved lower in premarket trading on Thursday after the wireless carrier reported second-quarter earnings above analysts’ expectations but fell short of revenue forecasts, despite lifting its full-year free cash flow outlook. While profitability and cash generation remained strong, investors focused on the slight revenue miss following another quarter of steady subscriber growth.…
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SK Hynix shares rise as Big Tech AI investment boosts semiconductor outlook (NASDAQ:SKHY)
U.S.-listed shares of SK Hynix (NASDAQ:SKHY) climbed 6.6% in premarket trading on Thursday after fresh capital spending plans from Alphabet and Tesla strengthened expectations for continued investment in artificial intelligence infrastructure. The gains reflected growing investor confidence that demand for advanced memory chips will remain strong as leading technology companies accelerate AI development. AI spending…