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Cloud-based ADAS agreement boosts investor sentiment Mobileye Global Inc. (NASDAQ:MBLY) shares gained 5% on Tuesday after the company announced that its Cloud-Enhanced Advanced Driver Assist technology will be deployed in selected future Stellantis (NYSE:STLA) vehicles beginning in 2027. The collaboration will incorporate Mobileye’s REM Road Experience Management platform into certain Stellantis models, bringing enhanced cloud-powered…

Infrastructure business drives stronger-than-expected results Valmont Industries (NYSE:VMI) reported better-than-expected second-quarter results on Tuesday, beating Wall Street forecasts for both earnings and revenue as strong demand across its infrastructure operations supported growth. Shares edged 0.76% higher in pre-market trading following the announcement. Adjusted earnings came in at $6.14 per share, exceeding the analyst consensus estimate…

Stock drops after development setback Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) shares fell 14% on Tuesday after the company announced it will discontinue development of tebapivat for sickle cell disease following results from a Phase 2 clinical trial. The biotechnology company concluded that the study did not produce sufficiently differentiated results to justify advancing the programme. Phase…

Earnings beat expectations as shares edge higher Marsh & McLennan Companies (NYSE:MRSH) reported stronger-than-expected second-quarter results on Tuesday, exceeding Wall Street forecasts for both earnings and revenue as demand remained healthy across its core businesses. Shares rose 1.04% in pre-market trading following the announcement. Adjusted earnings came in at $2.96 per share, ahead of the…

Shares rise after earnings and revenue top forecasts Genuine Parts Company (NYSE:GPC) reported stronger-than-expected second-quarter results on Tuesday, exceeding Wall Street estimates for both earnings and revenue while reaffirming its full-year guidance. Investors responded positively to the results, sending shares of the automotive and industrial parts distributor up 3.34% in pre-market trading. Adjusted earnings came…

Earnings beat fails to lift the stock Halliburton Company (NYSE:HAL) reported second-quarter results ahead of market expectations on Tuesday, delivering better-than-forecast earnings and revenue despite a negative share price reaction in pre-market trading. Adjusted earnings came in at $0.55 per share, slightly above the analyst consensus of $0.54. Revenue reached $5.7 billion, exceeding expectations of…

Defense company wins major counter-drone programme Kratos Defense & Security Solutions (NASDAQ:KTOS) shares gained 3% on Tuesday after the company announced it had been awarded an approximately $156 million contract by the U.S. Department of Energy’s National Nuclear Security Administration Office of Secure Transportation. The sole-source Indefinite Delivery/Indefinite Quantity (IDIQ) agreement covers the delivery of…

Stock rises following report on potential transaction Shares of Carlyle Group Inc. (NASDAQ:CG) moved higher in pre-market trading on Tuesday after a report indicated the private equity firm is exploring a deal involving its investment in sustainability consultancy Anthesis Group. According to Bloomberg, Carlyle is in discussions to transfer control of Anthesis to Bridgepoint Group…

Earnings surpass forecasts but shares move lower Vicor Corporation (NASDAQ:VICR) reported second-quarter financial results on Tuesday that came in ahead of Wall Street expectations for both earnings and revenue. Despite the stronger-than-expected performance, the power components manufacturer’s shares declined 6.23% in pre-market trading following the release. Adjusted earnings reached $1.04 per share, comfortably exceeding the…