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Altimmune Inc. (NASDAQ:ALT) shares climbed 18% on Tuesday after the biotechnology company reported positive topline data from its Phase 2 RECLAIM study evaluating pemvidutide as a treatment for alcohol use disorder. The trial successfully achieved its primary endpoint, demonstrating a statistically significant reduction in heavy drinking days compared with placebo. Pemvidutide Meets Primary and Secondary…

Corning Incorporated (NYSE:GLW) reported better-than-expected second-quarter earnings on Tuesday, but investors focused on weaker-than-anticipated guidance for the third quarter, sending the specialty glass and materials manufacturer’s shares down 11.2%. The company posted adjusted earnings per share of $0.78, exceeding the analyst consensus estimate of $0.75. Quarterly revenue reached $4.74 billion, ahead of expectations of $4.62…

TransUnion (NYSE:TRU) reported stronger-than-expected second-quarter results on Tuesday, surpassing Wall Street forecasts for both earnings and revenue while raising its outlook for the full year on the back of continued growth across its domestic and international businesses. Despite the earnings beat, shares slipped 0.96% in pre-market trading following the announcement. Adjusted earnings per share rose…

Centene Corporation (NYSE:CNC) reported better-than-expected second-quarter results on Tuesday, delivering earnings and revenue that comfortably exceeded Wall Street forecasts as improved performance across its Medicare and Commercial businesses supported a stronger full-year outlook. Shares of the health insurer rose 3.04% in pre-market trading following the earnings announcement. Adjusted earnings per share came in at $2.51,…

AllianceBernstein Holding L.P. (NYSE:AB) reported second-quarter results on Tuesday that met earnings expectations but came in slightly below Wall Street forecasts on revenue, as the asset manager continued to benefit from stronger client inflows and record assets under management. The company’s stock edged 0.18% higher in after-hours trading following the earnings release. Adjusted earnings per…

Axalta Coating Systems Ltd. (NYSE:AXTA) reported stronger-than-expected second-quarter results on Tuesday, with earnings and revenue both exceeding Wall Street forecasts as the coatings manufacturer delivered record profitability and healthy cash generation. Shares of the company rose 2.13% in pre-market trading following the earnings announcement. Adjusted earnings per share came in at $0.72, comfortably ahead of…

INNIO N.V. (NASDAQ:INIO) reported second-quarter results that exceeded Wall Street expectations on Tuesday, but the company’s shares moved lower after the earnings release despite strong revenue growth and record order momentum. Shares of the distributed energy solutions provider fell 2.86% following the announcement. The company reported adjusted earnings per share of $0.08, ahead of analyst…

Textron Inc. (NYSE:TXT) reported second-quarter results that exceeded earnings expectations on Tuesday, but investor sentiment weakened after the company maintained its full-year outlook while highlighting potential risks tied to government funding for a key defence programme. Shares of the aerospace and defence manufacturer fell 2.01% in pre-market trading following the earnings release. The company generated…

UBS has revised its outlook for palladium prices, warning that growing supply and softer demand are likely to keep the market under pressure. The investment bank now expects the precious metal to decline to $1,100 per ounce. According to UBS, China’s palladium imports reached record highs during the first half of the year. The bank…

Oil prices continued to decline during Asian trading on Tuesday as optimism surrounding renewed diplomatic engagement between the United States and Iran reduced concerns over potential disruptions to crude supplies from the Middle East. By 01:23 GMT, Brent crude futures had fallen 1.3% to $87.24 a barrel, while West Texas Intermediate (WTI) crude futures were…