Category: Include on Menu
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Papa John’s rules out near-term sale as turnaround takes centre stage
Papa John’s (NASDAQ:PZZA) has signalled that it is prioritising an internal turnaround over a sale of the business, bringing an 18-month strategic review to a close despite reported takeover interest from Qatari-backed Irth Capital Management. The announcement disappointed investors, with the pizza chain’s shares set to open around 12% lower on Thursday. Strategic review favours…
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HubSpot shares plunge as cautious revenue outlook overshadows second-quarter beat
HubSpot Inc. (NYSE:HUBS) delivered second-quarter results ahead of Wall Street expectations, but its shares fell more than 20% after management issued full-year revenue guidance that came in below analysts’ forecasts. Despite reporting solid growth in revenue, earnings and customers, investors focused on the company’s more conservative sales outlook for the remainder of the year. Revenue…
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Datadog shares tumble despite earnings beat and stronger full-year outlook
Datadog (NASDAQ:DDOG) shares plunged more than 21% in pre-market trading on Thursday, even after the cloud monitoring and cybersecurity specialist reported better-than-expected second-quarter results and lifted its full-year guidance. The sharp selloff appeared to reflect investor profit-taking following the stock’s recent record highs, rather than any deterioration in the company’s operating performance. Revenue and earnings…
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Celestica shares slide after launching $3 billion equity offering
Celestica (NYSE:CLS) shares dropped around 15% on Thursday after the electronics manufacturing company announced a $3 billion public share offering priced at a discount to its previous closing price. The capital raise is intended to strengthen the company’s balance sheet and support future investment, although the discounted pricing weighed heavily on investor sentiment. Offering priced…
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D-Wave Quantum falls after second-quarter results miss expectations
D-Wave Quantum Inc. (NYSE:QBTS) reported second-quarter results that came in below Wall Street forecasts for both revenue and earnings, sending the quantum computing company’s shares down around 10.5% in pre-market trading on Thursday. Although bookings accelerated sharply and the company outlined ambitious technology milestones, investors focused on the weaker-than-expected quarterly performance. Revenue and earnings disappoint…
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Unity shares surge after strong second-quarter results and upbeat guidance
Unity Software Inc. (NYSE:U) saw its shares jump 17% after posting second-quarter results that comfortably exceeded Wall Street expectations and issuing stronger-than-anticipated guidance for the current quarter. The game development platform delivered robust revenue growth, improved profitability and higher cash generation, reinforcing investor confidence in its AI-driven strategy. Revenue and earnings outperform forecasts Unity reported…
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ConocoPhillips beats second-quarter earnings as record Permian production supports results
ConocoPhillips (NYSE:COP) reported stronger-than-expected second-quarter earnings on Thursday, driven by higher realised oil prices and record production from its Permian Basin operations. Shares edged higher in pre-market trading, although the company left its full-year guidance unchanged. The steady outlook limited investor enthusiasm despite another quarter of solid operational performance. Earnings exceed Wall Street forecasts The…
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Novavax tops forecasts and raises revenue outlook as Sanofi collaboration progresses
Novavax Inc. (NASDAQ:NVAX) reported second-quarter results that came in ahead of Wall Street expectations, while also increasing its full-year revenue outlook as its partnership with Sanofi continued to move forward. The shares edged 0.4% higher in pre-market trading on Thursday. Although revenue declined sharply from a year earlier, the comparison was affected by significant one-off…
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Banzai International proposes rebrand to Parabolic Technologies
Banzai International, Inc. (NASDAQ:BNZI) has unveiled plans to change its corporate name to Parabolic Technologies, Inc., after its board approved the proposal. The rebranding remains subject to shareholder approval at a forthcoming special meeting. While awaiting the shareholder vote, the company intends to operate under the trading name “Parabolic.” New Nasdaq ticker symbols set for…
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Klarna expands U.S. merchant reach through J.P. Morgan Payments partnership
Klarna (NYSE:KLAR) has expanded its U.S. payments network by integrating with the J.P. Morgan Payments Commerce Platform, enabling merchants to offer Klarna’s flexible payment solutions at checkout without requiring additional technical development. The partnership broadens Klarna’s access to U.S. retailers while simplifying implementation for businesses using J.P. Morgan’s payments infrastructure. Merchants gain access to multiple…