Category: Top Story

Microsoft (NASDAQ:MSFT) delivered first-quarter results that exceeded expectations, driven by powerful growth in its cloud and artificial intelligence businesses, but shares slipped over 2% in premarket trading Thursday as investors reacted to the company’s plans to ramp up spending on AI infrastructure. The tech giant reported revenue of $77.67 billion, ahead of the $75.32 billion…

Howmet Aerospace (NYSE:HWM) posted third-quarter results that topped analyst expectations, fueled by robust demand from commercial and defense aerospace markets. Despite the strong performance and higher guidance, shares slipped 1.5% in Thursday’s session. The company reported adjusted earnings of $0.95 per share on revenue of $2.09 billion, surpassing Wall Street estimates of $0.91 per share…

International Paper (NYSE:IP) shares dropped 5.1% on Thursday after the global packaging and paper producer posted a sharp third-quarter earnings miss, hurt by heavy restructuring charges tied to mill closures and its ongoing transformation efforts. The company reported an adjusted loss of $0.43 per share, far below analyst expectations for a $0.55 profit per share.…

Entegris, Inc. (NASDAQ:ENTG) shares fell 4.2% on Thursday, after the semiconductor materials supplier issued fourth-quarter guidance that came in below expectations, overshadowing an otherwise steady third-quarter performance. For the third quarter, the company reported adjusted earnings of $0.72 per share, in line with analyst estimates, on revenue of $807 million, slightly above the $804.17 million…

Kimco Realty (NYSE:KIM) delivered strong third-quarter results on Thursday, with earnings and revenue topping Wall Street expectations and prompting the real estate investment trust (REIT) to raise its full-year 2025 outlook. The company posted funds from operations (FFO) of $0.44 per share, slightly above the consensus estimate of $0.43, while revenue climbed to $535.86 million,…

Cleveland-Cliffs Inc. (NYSE:CLF) shares tumbled nearly 9% on Thursday after the U.S. steelmaker announced the pricing of a major public share offering aimed at raising close to $1 billion in gross proceeds. The company said it has priced 75 million common shares at approximately $12.85 each, with UBS Securities LLC acting as the sole underwriter.…

RPC Inc. (NYSE:RES) shares rose 4.4% in premarket trading Thursday after the oilfield services company posted third-quarter results that exceeded Wall Street forecasts, supported by improved performance across nearly all business segments. The company reported adjusted earnings of $0.09 per share, beating analyst estimates of $0.07, while revenue surged to $447.1 million, well above the…

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares surged 5.4% on Thursday, after the audio entertainment company delivered better-than-expected third-quarter results and raised its full-year guidance across all major financial metrics. The company posted earnings per share of $0.84, topping the analyst estimate of $0.79, while revenue reached $2.16 billion, slightly above the consensus forecast of $2.14…

CNX Resources Corporation (NYSE:CNX) delivered third-quarter results well ahead of analyst expectations, as robust production and favorable pricing lifted both revenue and profitability. Despite the upbeat results, shares of the natural gas producer dipped slightly, down 0.40% in premarket trading Thursday. For the quarter, CNX reported adjusted earnings per share of $1.21, smashing the consensus…

Wabash National Corporation (NYSE:WNC) shares fell more than 5% in premarket trading Thursday after the transportation equipment manufacturer posted third-quarter results that missed Wall Street expectations, with steeper losses and softer sales amid ongoing market headwinds. The company reported an adjusted loss of -$0.51 per share, significantly worse than the -$0.24 per share expected by…