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Anthropic says it expects first profitable quarter as revenue accelerates
Anthropic has reportedly told investors that it expects revenue to more than double to approximately US$10.9 billion in the second quarter while also achieving operating profitability for the first time, according to a report from The Wall Street Journal. The development would represent a major milestone for the artificial intelligence startup and highlights the company’s…
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Quantum computing stocks rally after report of planned $2 billion U.S. funding package
Shares of several quantum computing companies surged in U.S. premarket trading on Thursday following a media report that the Trump administration plans to award US$2 billion in grants to firms operating in the sector. According to a report by The Wall Street Journal citing the U.S. Commerce Department, the funding agreements are expected to include…
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Vipshop issues softer second-quarter outlook despite steady first-quarter performance (VIPS)
Vipshop (NYSE:VIPS) reported first-quarter results broadly in line with expectations, although its weaker-than-expected second-quarter revenue guidance disappointed investors. The online discount retailer generated first-quarter net revenue of 26.57 billion yuan, representing growth of 1.2% compared with the same period last year and matching analyst expectations of 26.51 billion yuan. Adjusted earnings per American depositary receipt…
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Walmart shares slip after cautious outlook overshadows revenue beat (WMT)
Walmart (NASDAQ:WMT) shares fell 2% in premarket trading after the retail giant reported first-quarter revenue ahead of analyst expectations but issued earnings guidance that came in below Wall Street forecasts. The company generated revenue of US$177.8 billion during the quarter, surpassing analyst estimates of US$174.83 billion and rising 7.3% compared with the prior year. Adjusted…
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AT&T launches flexible wireless plan with pricing starting at $15 per month (T)
AT&T (NYSE:T) announced the introduction of Build-A-Plan, a new wireless offering that allows customers to customise their mobile service each month according to their usage needs and budget preferences. The service will launch on May 27 with pricing starting at US$15 per month, excluding taxes and additional fees. Under the new structure, customers can add…
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Eli Lilly shares rise after strong late-stage obesity drug trial results (LLY)
Eli Lilly (NYSE:LLY) shares gained around 2% in premarket trading on Thursday after the company released positive late-stage clinical trial results for its experimental obesity treatment retatrutide. The study showed that patients diagnosed with obesity lost an average of 28.3% of their body weight over an 80-week period when treated with the highest 12-milligram dose…
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Advance Auto Parts shares slide despite earnings beat as outlook disappoints investors (AAP)
Advance Auto Parts (NYSE:AAP) shares fell 5.8% after the company reported first-quarter results ahead of analyst expectations but maintained a full-year earnings outlook that came in below Wall Street forecasts. The automotive parts retailer posted adjusted earnings per share of US$0.77 for the quarter, exceeding analyst estimates of US$0.43 by US$0.34. Revenue totaled US$2.6 billion,…
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Rocket Lab shares slide after company unveils potential $3 billion stock sale programme (RKLB)
Rocket Lab (NASDAQ:RKLB) shares dropped 6.6% on Thursday after the company disclosed plans for a large-scale equity offering programme that could raise up to US$3 billion through future share sales. In a filing submitted to the SEC on May 20, 2026, Rocket Lab said it had entered into an equity distribution agreement with 16 financial…
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Advanced Drainage Systems tops forecasts despite cautious demand outlook (WMS)
Advanced Drainage Systems (NYSE:WMS) reported fourth-quarter results ahead of analyst expectations, although shares fell 3.4% after management struck a cautious tone regarding future demand conditions. The water infrastructure and drainage products group posted adjusted earnings per share of US$1.07 for the quarter ended March 31, beating analyst forecasts of US$0.95 by US$0.12. Quarterly revenue increased…
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Lightspeed Commerce shares decline after quarterly earnings miss despite revenue growth (LSPD)
Lightspeed Commerce (NYSE:LSPD) shares fell 4% in premarket trading on Thursday after the company reported fourth-quarter earnings below analyst expectations, despite delivering stronger-than-expected revenue growth. The omnichannel commerce platform provider posted adjusted earnings per share of US$0.10 for the quarter ended March 31, missing the analyst consensus estimate of US$0.11 by one cent. Quarterly revenue…