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Teva Shares Climb as Revenue Beat and Innovative Drug Growth Offset Earnings Miss
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) reported mixed second-quarter results, with revenue exceeding Wall Street expectations while adjusted earnings fell short due to acquisition-related costs. Investors focused on the company’s strong sales growth from its key branded medicines, sending shares about 3% higher. The drugmaker reported adjusted earnings of $0.02 per share, well below analysts’ consensus…
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IDEX Raises Full-Year Outlook After Strong Second-Quarter Results
IDEX Corporation (NYSE:IEX) reported better-than-expected second-quarter earnings and revenue while raising its full-year guidance, sending the industrial technology company’s shares nearly 4% higher in premarket trading on Wednesday. Adjusted earnings came in at $2.32 per share for the quarter ended June 30, exceeding the Wall Street consensus estimate of $2.11 by $0.21. Revenue increased 6%…
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WEC Energy Beats Earnings Forecast but Revenue Miss and Outlook Weigh on Shares
WEC Energy Group (NYSE:WEC) reported second-quarter earnings that topped Wall Street expectations, although weaker-than-expected revenue and full-year guidance that came in below analyst forecasts sent the utility’s shares modestly lower in premarket trading. The company posted adjusted earnings of $0.91 per share, exceeding the consensus estimate of $0.83 by $0.08. Revenue increased 2.6% year over…
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General Dynamics Tops Second-Quarter Forecasts as Aerospace and Marine Businesses Drive Growth
General Dynamics (NYSE:GD) reported stronger-than-expected second-quarter results, with both earnings and revenue exceeding Wall Street forecasts as robust demand across its Aerospace and Marine Systems businesses supported growth. Shares edged 0.7% higher following the announcement. The defense and aerospace company posted adjusted earnings of $4.24 per share, comfortably ahead of analysts’ consensus estimate of $3.93.…
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Verra Mobility Shares Jump on New Long-Term Agreement With Avis Budget
Verra Mobility Corporation (NASDAQ:VRRM) shares surged 25% on Wednesday after the company announced it had reached a framework agreement with Avis Budget Group for a new seven-year contract covering tolling and violations management services. The agreement establishes the principal commercial terms of the new partnership, while both companies continue to finalize the remaining operational and…
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GlobalFoundries Shares Surge After Securing $300 Million U.S. Government Award
GlobalFoundries (NASDAQ:GFS) shares climbed 11% on Wednesday after the semiconductor manufacturer announced a letter of intent with the U.S. Department of Commerce for a $300 million award to accelerate the development of next-generation silicon photonics technology. The funding, provided through the Department’s CHIPS Research and Development Office, is intended to support research into advanced optical…
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Aon Earnings Beat Expectations but Revenue Miss Sends Shares Lower
Aon plc (NYSE:AON) reported mixed second-quarter results on Wednesday, with earnings narrowly exceeding Wall Street forecasts while revenue came in slightly below expectations, sending the company’s shares more than 2% lower in pre-market trading. The professional services firm posted adjusted earnings of $3.81 per share, just ahead of analysts’ consensus estimate of $3.80. Quarterly revenue…
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U.S. Futures Hold Steady as Investors Await Federal Reserve Decision: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures pointed to a largely unchanged open on Wednesday as investors adopted a cautious stance ahead of the Federal Reserve’s latest monetary policy announcement. Market participants are widely expecting the central bank to leave interest rates unchanged, although some uncertainty remains over the possibility of an unexpected quarter-point increase. According to CME…
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Generac Beats Profit Forecasts as Data Center Demand Drives Growth
Generac Holdings Inc. (NYSE:GNRC) reported stronger-than-expected second-quarter earnings on Wednesday, with robust profitability driven by surging demand from data center customers, although revenue came in slightly below Wall Street expectations. Shares of the backup power equipment manufacturer rose more than 4% in pre-market trading following the results. The company reported adjusted earnings of $2.91 per…
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Cognizant Misses Earnings Forecast Despite Revenue Beat and Higher Full-Year Outlook
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) reported mixed second-quarter results on Wednesday, with revenue narrowly exceeding Wall Street expectations while earnings came in slightly below forecasts, sending shares more than 2% lower in pre-market trading. The IT services company posted adjusted earnings of $1.37 per share, missing analysts’ consensus estimate of $1.38. Revenue increased 4.5% year…